{
 "documentInfo": {
  "documentType": "https://xbrl.org/2021/xbrl-json",
  "features": {
   "xbrl:canonicalValues": true
  },
  "namespaces": {
   "fm": "http://fieramilano.it",
   "ifrs-full": "http://xbrl.ifrs.org/taxonomy/2021-03-24/ifrs-full",
   "iso4217": "http://www.xbrl.org/2003/iso4217",
   "scheme": "http://standards.iso.org/iso/17442",
   "xbrl": "https://xbrl.org/2021",
   "xbrli": "http://www.xbrl.org/2003/instance"
  },
  "taxonomy": [
   "http://fieramilano.it/81560026FB4FD48C6110-2022-12-31.xsd"
  ]
 },
 "facts": {
  "fact-2": {
   "value": "FIERA MILANO S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": " S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "<div class=\"t m0 hd ff6 fs8 fc4 sc0 ls8 ws34 gs2\">Sede legale in Milano,<span class=\"_ _0\"></span> Piaz<span class=\"_ _1\"></span>zale Carlo Magno 1</div>",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-1": {
   "value": "Milano,<span class=\"_ _0\"></span> Piaz<span class=\"_ _1\"></span>zale Carlo Magno 1",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "Italia",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Fondazione Ente Autonomo Fiera Internazionale di Milano",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "5003000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PropertyPlantAndEquipment",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-10": {
   "value": "5808000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PropertyPlantAndEquipment",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-11": {
   "value": "367482000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-12": {
   "value": "392512000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-13": {
   "value": "364503000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-14": {
   "value": "388247000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RightofuseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-15": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InvestmentProperty",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-16": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InvestmentProperty",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-17": {
   "value": "95036000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Goodwill",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-18": {
   "value": "95036000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Goodwill",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-19": {
   "value": "15195000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-20": {
   "value": "18511000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-21": {
   "value": "29640000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-22": {
   "value": "15733000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InvestmentAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-23": {
   "value": "32000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-24": {
   "value": "82000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-25": {
   "value": "2386000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-26": {
   "value": "71000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-27": {
   "value": "33424000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-28": {
   "value": "31961000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-29": {
   "value": "33240000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-30": {
   "value": "31852000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-31": {
   "value": "11174000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-32": {
   "value": "14011000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-33": {
   "value": "559372000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-34": {
   "value": "573725000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-35": {
   "value": "33404000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-36": {
   "value": "31130000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-37": {
   "value": "5550000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-38": {
   "value": "4235000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-39": {
   "value": "3144000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Inventories",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-40": {
   "value": "3280000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Inventories",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-41": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ConstructionInProgress",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-42": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ConstructionInProgress",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-43": {
   "value": "36420000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-44": {
   "value": "8205000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-45": {
   "value": "703000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-46": {
   "value": "2408000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentFinancialAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-47": {
   "value": "81971000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-48": {
   "value": "148250000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-49": {
   "value": "154939000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-50": {
   "value": "190865000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-51": {
   "value": "2672000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-52": {
   "value": "129000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleOrAsHeldForDistributionToOwners",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-53": {
   "value": "716983000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-54": {
   "value": "764719000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Assets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-55": {
   "value": "42182000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-56": {
   "value": "42284000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IssuedCapital",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-57": {
   "value": "9828000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-58": {
   "value": "10256000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:SharePremium",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-59": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevaluationSurplus",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-60": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RevaluationSurplus",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-61": {
   "value": "5298000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherReserves",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-62": {
   "value": "2623000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherReserves",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-63": {
   "value": "53951000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-64": {
   "value": "8792000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-65": {
   "value": "-5599000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarningsProfitLossForReportingPeriod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-66": {
   "value": "44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RetainedEarningsProfitLossForReportingPeriod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-67": {
   "value": "105660000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-68": {
   "value": "108314000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-69": {
   "value": "533000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-70": {
   "value": "671000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-71": {
   "value": "106193000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-72": {
   "value": "108985000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-73": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentPortionOfNoncurrentBondsIssued",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-74": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentPortionOfNoncurrentBondsIssued",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-75": {
   "value": "60866000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:LongtermBorrowings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-76": {
   "value": "98229000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:LongtermBorrowings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-77": {
   "value": "346858000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-78": {
   "value": "370568000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-79": {
   "value": "345348000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-80": {
   "value": "367703000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-81": {
   "value": "1683000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-82": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-83": {
   "value": "500000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherLongtermProvisions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-84": {
   "value": "72000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherLongtermProvisions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-85": {
   "value": "7763000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-86": {
   "value": "9527000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentProvisionsForEmployeeBenefits",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-87": {
   "value": "3733000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-88": {
   "value": "3643000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DeferredTaxLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-89": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-90": {
   "value": "655000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherNoncurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-91": {
   "value": "421403000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-92": {
   "value": "482694000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:NoncurrentLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-93": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-94": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-95": {
   "value": "27250000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShorttermBorrowings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-96": {
   "value": "938000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShorttermBorrowings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-97": {
   "value": "50317000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-98": {
   "value": "50569000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-99": {
   "value": "29869000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAdvances",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-100": {
   "value": "35886000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentAdvances",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-101": {
   "value": "49889000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-102": {
   "value": "41376000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-103": {
   "value": "48295000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-104": {
   "value": "39821000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLeaseLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-105": {
   "value": "618000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-106": {
   "value": "9994000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-107": {
   "value": "130000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-108": {
   "value": "9560000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentFinancialLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-109": {
   "value": "5443000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherShorttermProvisions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-110": {
   "value": "6437000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherShorttermProvisions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-111": {
   "value": "2606000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-112": {
   "value": "4955000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-113": {
   "value": "20723000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-114": {
   "value": "22756000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-115": {
   "value": "4352000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-116": {
   "value": "4084000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCurrentPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-117": {
   "value": "186715000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-118": {
   "value": "172911000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CurrentLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-119": {
   "value": "2672000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-120": {
   "value": "129000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-121": {
   "value": "716983000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-122": {
   "value": "764719000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EquityAndLiabilities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-123": {
   "value": "220285000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-124": {
   "value": "122302000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-125": {
   "value": "10190000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-126": {
   "value": "4706000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-127": {
   "value": "220285000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-128": {
   "value": "122302000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Revenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-129": {
   "value": "4078000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-130": {
   "value": "1705000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-131": {
   "value": "110159000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ServicesExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-132": {
   "value": "71204000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ServicesExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-133": {
   "value": "3007000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ServicesExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-134": {
   "value": "1375000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ServicesExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-135": {
   "value": "1246000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RentalExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-136": {
   "value": "516000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:RentalExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-137": {
   "value": "44413000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EmployeeBenefitsExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-138": {
   "value": "40720000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EmployeeBenefitsExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-139": {
   "value": "3931000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-140": {
   "value": "2843000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:MiscellaneousOtherOperatingExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-141": {
   "value": "163827000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OperatingExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-142": {
   "value": "116988000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OperatingExpense",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-143": {
   "value": "4135000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-144": {
   "value": "73146000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-145": {
   "value": "959000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-146": {
   "value": "6269000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-147": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonRecurringMiscellaneousRevenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-148": {
   "value": "66990000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonRecurringMiscellaneousRevenue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-149": {
   "value": "466000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-150": {
   "value": "1207000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-151": {
   "value": "2656000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:ChangesInProvisionsImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-152": {
   "value": "5925000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:ChangesInProvisionsImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-153": {
   "value": "58403000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:EarningsBeforeInterestTaxesDepreciationAndAmortisation",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-154": {
   "value": "73742000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:EarningsBeforeInterestTaxesDepreciationAndAmortisation",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-155": {
   "value": "43246000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:DepreciationPropertyPlantEquipmentRightOfUseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-156": {
   "value": "42017000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:DepreciationPropertyPlantEquipmentRightOfUseAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-157": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DepreciationInvestmentProperty",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-158": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DepreciationInvestmentProperty",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-159": {
   "value": "4662000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:DepreciationaIntangibleAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-160": {
   "value": "3195000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:DepreciationaIntangibleAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-161": {
   "value": "-1276000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:WritedownsReversalsOfPropertyPlantAndEquipment",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-162": {
   "value": "-22000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:WritedownsReversalsOfPropertyPlantAndEquipment",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-163": {
   "value": "9219000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:EarningsBeforeInterestAndTaxes",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-164": {
   "value": "28508000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:EarningsBeforeInterestAndTaxes",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-165": {
   "value": "1600000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-166": {
   "value": "1028000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-167": {
   "value": "14524000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceCosts",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-168": {
   "value": "14420000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceCosts",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-169": {
   "value": "10849000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceCosts",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-170": {
   "value": "11715000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:FinanceCosts",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-171": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:GainsLossesArisingFromDifferenceBetweenPreviousCarryingAmountAndFairValueOfFinancialAssetsReclassifiedAsMeasuredAtFairValue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-172": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:GainsLossesArisingFromDifferenceBetweenPreviousCarryingAmountAndFairValueOfFinancialAssetsReclassifiedAsMeasuredAtFairValue",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-173": {
   "value": "-3705000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-174": {
   "value": "15116000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossBeforeTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-175": {
   "value": "2055000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-176": {
   "value": "-24365000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-177": {
   "value": "-1477000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-178": {
   "value": "-8745000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-179": {
   "value": "-5760000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossFromContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-180": {
   "value": "39481000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossFromContinuingOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-181": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossFromDiscontinuedOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-182": {
   "value": "4600000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossFromDiscontinuedOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-183": {
   "value": "-5760000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-184": {
   "value": "44081000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-185": {
   "value": "-5599000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-186": {
   "value": "44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-187": {
   "value": "-161000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-188": {
   "value": "-278000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-189": {
   "value": "1048000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-190": {
   "value": "145000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-191": {
   "value": "251000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-192": {
   "value": "-4000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-193": {
   "value": "-9000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-194": {
   "value": "52000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-195": {
   "value": "34000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-196": {
   "value": "12000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossBeforeTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-197": {
   "value": "8000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-198": {
   "value": "3000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxRelatingToShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLoss",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-199": {
   "value": "-10000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-200": {
   "value": "197000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-201": {
   "value": "804000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-202": {
   "value": "407000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-203": {
   "value": "4956000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-204": {
   "value": "44488000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-205": {
   "value": "4818000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-206": {
   "value": "44765000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-207": {
   "value": "138000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-208": {
   "value": "277000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-209": {
   "value": "-0.0782",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-210": {
   "value": "0.6192",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:BasicEarningsLossPerShare",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-211": {
   "value": "-0.0782",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-212": {
   "value": "0.6192",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DilutedEarningsLossPerShare",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "fact-213": {
   "value": "148250000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-214": {
   "value": "19903000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-215": {
   "value": "48000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-216": {
   "value": "539000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-217": {
   "value": "42806000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-218": {
   "value": "126458000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-219": {
   "value": "-5436000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-220": {
   "value": "6633000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperations",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-221": {
   "value": "-2070000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-222": {
   "value": "-941000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-223": {
   "value": "-11280000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:InterestPaidOnDebtsRelatingToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-224": {
   "value": "-11971000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:InterestPaidOnDebtsRelatingToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-225": {
   "value": "393000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-226": {
   "value": "847000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-227": {
   "value": "-960000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-228": {
   "value": "-730000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-229": {
   "value": "28889000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-230": {
   "value": "113663000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-231": {
   "value": "1761000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-232": {
   "value": "-491000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-233": {
   "value": "1419000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-234": {
   "value": "1246000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-235": {
   "value": "532000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-236": {
   "value": "30000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-237": {
   "value": "2422000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-238": {
   "value": "4700000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-239": {
   "value": "-11750000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-240": {
   "value": "1403000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherCashReceiptsFromSalesOfInterestsInJointVenturesClassifiedAsInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-241": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:OthersInvestments",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-242": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:OthersInvestments",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-243": {
   "value": "-15059000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-244": {
   "value": "-4513000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-245": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-246": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-247": {
   "value": "-530000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-248": {
   "value": "600000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-249": {
   "value": "-9986000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-250": {
   "value": "98159000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-251": {
   "value": "-28608000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-252": {
   "value": "-2676000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-253": {
   "value": "1705000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-254": {
   "value": "-1088000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInNonCurrentFinancialReceivables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-255": {
   "value": "32176000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonCurrentFinancialPayablesRelatedToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-256": {
   "value": "38041000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonCurrentFinancialPayablesRelatedToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-257": {
   "value": "-29219000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonCurrentFinancialPayablesRelatedToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-258": {
   "value": "-36693000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:NonCurrentFinancialPayablesRelatedToTheRightOfUseOfLeasedAssets",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-259": {
   "value": "-8555000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-260": {
   "value": "-38892000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-261": {
   "value": "-9430000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-262": {
   "value": "8247000",
   "decimals": -3,
   "dimensions": {
    "concept": "fm:IncreaseDecreaseInCurrentFinancialPayables",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-263": {
   "value": "-79855000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-264": {
   "value": "19150000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-265": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-266": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-267": {
   "value": "254000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-268": {
   "value": "47000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-269": {
   "value": "-66025000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-270": {
   "value": "128300000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-271": {
   "value": "1761000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-272": {
   "value": "-491000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-273": {
   "value": "81971000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-274": {
   "value": "148250000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-275": {
   "value": "1809000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-276": {
   "value": "48000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ContinuingAndDiscontinuedOperationsAxis": "ifrs-full:DiscontinuedOperationsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-277": {
   "value": "83780000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-278": {
   "value": "148298000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-279": {
   "value": "42284000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-280": {
   "value": "10256000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-281": {
   "value": "1708000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-282": {
   "value": "42578000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-283": {
   "value": "33943000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-284": {
   "value": "62883000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-285": {
   "value": "557000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-286": {
   "value": "209000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-287": {
   "value": "348000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-288": {
   "value": "63231000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-289": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-290": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-291": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-292": {
   "value": "-33943000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-293": {
   "value": "33943000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-294": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-295": {
   "value": "-209000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-296": {
   "value": "209000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-297": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-298": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-299": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-300": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-301": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-302": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-303": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-304": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-305": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-306": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-307": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-308": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-309": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-310": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-311": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-312": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-313": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-314": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-315": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-316": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-317": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-318": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-319": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-320": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-321": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-322": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-323": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-324": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-325": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-326": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-327": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-328": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-329": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-330": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-331": {
   "value": "736000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-332": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-333": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-334": {
   "value": "736000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-335": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-336": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-337": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-338": {
   "value": "736000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-339": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-340": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-341": {
   "value": "-70000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-342": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-343": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-344": {
   "value": "-70000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-345": {
   "value": "600000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-346": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-347": {
   "value": "600000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-348": {
   "value": "530000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-349": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-350": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-351": {
   "value": "249000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-352": {
   "value": "157000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-353": {
   "value": "44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-354": {
   "value": "44765000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-355": {
   "value": "1000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-356": {
   "value": "278000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-357": {
   "value": "277000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-358": {
   "value": "44488000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-359": {
   "value": "42284000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-360": {
   "value": "10256000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-361": {
   "value": "2623000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-362": {
   "value": "8792000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-363": {
   "value": "44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-364": {
   "value": "108314000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-365": {
   "value": "949000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-366": {
   "value": "278000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-367": {
   "value": "671000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-368": {
   "value": "108985000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-369": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-370": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-371": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-372": {
   "value": "44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-373": {
   "value": "-44359000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-374": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-375": {
   "value": "-278000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-376": {
   "value": "278000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-377": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-378": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughAppropriationOfRetainedEarnings",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-379": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-380": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-381": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-382": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-383": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-384": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-385": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-386": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-387": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-388": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-389": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-390": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-391": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-392": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-393": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-394": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-395": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-396": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-397": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-398": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToPriorYears",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-399": {
   "value": "-102000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-400": {
   "value": "-428000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-401": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-402": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-403": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-404": {
   "value": "-530000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-405": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-406": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-407": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-408": {
   "value": "-530000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughTreasuryShareTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-409": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-410": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-411": {
   "value": "309000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-412": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-413": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-414": {
   "value": "309000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-415": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-416": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-417": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-418": {
   "value": "309000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-419": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-420": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-421": {
   "value": "2385000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-422": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-423": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-424": {
   "value": "2385000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-425": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-426": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-427": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-428": {
   "value": "2385000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:ChangesInEquity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-429": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-430": {
   "value": "0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-431": {
   "value": "19000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-432": {
   "value": "800000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-433": {
   "value": "5599000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-434": {
   "value": "4818000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-435": {
   "value": "23000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-436": {
   "value": "161000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-437": {
   "value": "138000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-438": {
   "value": "-4956000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:OtherComprehensiveIncome",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-439": {
   "value": "42182000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-440": {
   "value": "9828000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-441": {
   "value": "5298000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-442": {
   "value": "53951000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsExcludingProfitLossForReportingPeriodMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-443": {
   "value": "5599000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:ProfitLossAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-444": {
   "value": "105660000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-445": {
   "value": "694000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:CapitalAndReservesOfNonControllingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-446": {
   "value": "161000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "fm:NonControllingInterestsNetIncomeMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-447": {
   "value": "533000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-448": {
   "value": "106193000",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2023-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-564": {
   "value": "Note esplicative ed integrative ai prospetti<span class=\"_ _348\"> </span>contabili consolidati<span class=\"_ _348\"> </span>Il bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no, pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>so a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22, \u00e8 stato a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rovato da<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>Con<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>lio di A<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in d<span class=\"_ _1\"></span>ata 15 mar<span class=\"_ _1\"></span>zo 2023, ch<span class=\"_ _1\"></span>e ne ha a<span class=\"_ _1\"></span>utor<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to la pu<span class=\"_ _1\"></span>bbli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>a tut<span class=\"_ _1\"></span>te le fa<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tore fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>co e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>le, pr<span class=\"_ _1\"></span>opo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span>come uno dei maggiori operatori int<span class=\"_ _0\"></span>egrati a livello<span class=\"_ _0\"></span> mondiale.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>ste ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>are m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e al<span class=\"_ _1\"></span>tri eve<span class=\"_ _1\"></span>nti, p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>uovend<span class=\"_ _1\"></span>o e met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o a disp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span><span class=\"_ _1\"></span> gli sp<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zi es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivi at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati, of<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>he su<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le e s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ati. In p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re, in qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to amb<span class=\"_ _1\"></span>ito<span class=\"_ _348\"> </span><span class=\"_ _1\"></span> rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate all\u2019offe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>che (<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi fina<span class=\"_ _1\"></span>li a e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tori e v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>).<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nnot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di d<span class=\"_ _1\"></span>upl<span class=\"_ _1\"></span>ice n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a: <span class=\"ff12 ls37 wsa0\">(i)</span><span class=\"ls7 ws12\"> maggiore concentra<span class=\"_ _1\"></span>zione delle<span class=\"_ _348\"> </span></span>manifesta<span class=\"_ _1\"></span>zioni fieristiche nel semestre gennaio-<span class=\"_ _1\"></span>giugno;<span class=\"_ _0\"></span> <span class=\"ff12 ls37 wsa0\">(ii)</span> manifesta<span class=\"_ _1\"></span>zioni fieristiche a cadenza pluriennale.<span class=\"_ _348\"> </span>Per maggiori dettagli sulla struttura del Gruppo si rimanda allo specifico capitolo della relazione sulla gestione.<span class=\"_ _348\"> </span>1)  <span class=\"_ _17d\"> </span>Principi contabili e criteri di consolidamento<span class=\"_ _348\"> </span>1.1  <span class=\"_ _2\"> </span>P<span class=\"ff1\">rincipi di redazione<span class=\"_ _348\"> </span></span>Il pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>to \u00e8 sta<span class=\"_ _1\"></span>to pre<span class=\"_ _1\"></span>dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sto ne<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dei Pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi C<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili In<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>i IAS<span class=\"_ _1\"></span>/IFR<span class=\"_ _1\"></span>S in<span class=\"_ _348\"> </span>vig<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22, eme<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019<span class=\"ff12 ls8 wsb9\">In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ional<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws3\"> <span class=\"_ _6\"></span><span class=\"ff12 ls39 ws176\">Accounting Standard Board<span class=\"_ _0\"></span><span class=\"ff6 ls7 ws118\"> (IASB) ed omologati dall<span class=\"_ _0\"></span>\u2019Unione<span class=\"_ _348\"> </span></span></span></span></span>Europea, dei relativi documenti i<span class=\"_ _0\"></span>nterpretativi nonch\u00e9 dei provvedimenti emanati in<span class=\"_ _0\"></span> attua<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>ar<span class=\"_ _1\"></span>t.9 del D<span class=\"_ _0\"></span>.Lgs.<span class=\"_ _348\"> </span>n. 38<span class=\"_ _1\"></span>/20<span class=\"_ _1\"></span>05.<span class=\"_ _348\"> </span>I pri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li ado<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tati n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato s<span class=\"_ _1\"></span>ono g<span class=\"_ _1\"></span>li ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i utili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>i nel<span class=\"_ _348\"> </span>bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>, ad ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili da<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 2022 e s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente il<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>Av<span class=\"_ _0\"></span>endo riguardo alla situazione economico patrimoniale del 2022<span class=\"_ _0\"></span>, alle proiezioni<span class=\"_ _0\"></span> economico<span class=\"_ _1\"></span>-finanziarie 2023-<span class=\"_ _348\"> </span>2026 ap<span class=\"_ _1\"></span>provate da<span class=\"_ _1\"></span>l Co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmin<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>a 20 febb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2023, c<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o le pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i di me<span class=\"_ _1\"></span>dio<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mine g<span class=\"_ _1\"></span>i\u00e0 in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>se ne<span class=\"_ _1\"></span>l pi<span class=\"_ _1\"></span>ano s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ico C<span class=\"_ _1\"></span>ONN<span class=\"_ _1\"></span>.E.C.<span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>. 2025 ade<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ole a<span class=\"_ _1\"></span>l nuovo co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to mac<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o,<span class=\"_ _348\"> </span>ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>ll\u2019incre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti e<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rge<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i e dei t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i inte<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>se e te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>oni di<span class=\"_ _348\"> </span>andamento del capitale circolante e del<span class=\"_ _0\"></span>la situazione finanziaria e patrimoniale del Gruppo, il<span class=\"_ _0\"></span> bilancio \u00e8 stato<span class=\"_ _0\"></span> redatto nella prospettiva della continuit\u00e0 aziendale.<span class=\"_ _348\"> </span>Il bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>io \u00e8 p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato in e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o e tut<span class=\"_ _1\"></span>ti i va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ar<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>tonda<span class=\"_ _1\"></span>ti al<span class=\"_ _1\"></span>le mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, se n<span class=\"_ _1\"></span>on a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>ato. Il<span class=\"_ _348\"> </span>bilancio fornisce informazioni comparative riferite all<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio precedente.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o 2022 no<span class=\"_ _1\"></span>n so<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>ate co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>e ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i atip<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e e/o inusu<span class=\"_ _1\"></span>ali.<span class=\"_ _348\"> </span>I ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i e le inc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>ze re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>ve al bu<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"ff12 ws3\"> <span class=\"_ _1\"></span></span><span class=\"ls7 ws29\">e al Gruppo sono descrit<span class=\"_ _1\"></span>ti nella Relazione sulla gestione al paragrafo<span class=\"_ _348\"> </span></span>\u201cPri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>i fat<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio c<span class=\"_ _1\"></span>ui il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po \u00e8 e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to\u201d e nelle N<span class=\"_ _1\"></span>ote es<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cati<span class=\"_ _1\"></span>ve ed in<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ve alla n<span class=\"_ _1\"></span>ota 3<span class=\"_ _1\"></span>4 e ne<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>rafo 1.<span class=\"_ _0\"></span>6 \u201cUs<span class=\"_ _1\"></span>o di S<span class=\"_ _1\"></span>time\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>Il pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio \u00e8 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tato a rev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>one l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 di revi<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne E<span class=\"_ _1\"></span>Y S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Conflitto Russia-Ucraina<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019in<span class=\"_ _0\"></span>vasione dell\u2019Ucraina da<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>te della Russia e<span class=\"_ _0\"></span> le sanzioni imposte a<span class=\"_ _0\"></span> livello comunitario hanno influenzato<span class=\"_ _0\"></span> un<span class=\"_ _348\"> </span>tes<span class=\"_ _1\"></span>suto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o, na<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e ed e<span class=\"_ _1\"></span>uro<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>o, gi\u00e0 c<span class=\"_ _1\"></span>olpi<span class=\"_ _1\"></span>to dag<span class=\"_ _1\"></span>li ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti dis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>la pa<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>a di Covi<span class=\"_ _1\"></span>d-<span class=\"_ _6\"></span>19 e che<span class=\"_ _348\"> </span>tent<span class=\"_ _1\"></span>ava pro<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te e fati<span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te di rip<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si da u<span class=\"_ _1\"></span>na p<span class=\"_ _1\"></span>rolu<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ata s<span class=\"_ _1\"></span>itu<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di cr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>i ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e. <span class=\"_ _0\"></span>La g<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>tra M<span class=\"_ _1\"></span>osc<span class=\"_ _1\"></span>a e K<span class=\"_ _1\"></span>iev ha ag<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>avato ino<span class=\"_ _1\"></span>ltre u<span class=\"_ _1\"></span>lter<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ente il p<span class=\"_ _1\"></span>rob<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ma de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>aum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to dei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>le ri<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>e en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>geti<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span>gas e p<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>o, regi<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ato gi<span class=\"_ _1\"></span>\u00e0 pr<span class=\"_ _1\"></span>ima d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o sco<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>lla gu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>, e lo h<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>o ai c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di al<span class=\"_ _1\"></span>tri s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci.<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>a luc<span class=\"_ _1\"></span>e di qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>te con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>io di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o, a se<span class=\"_ _1\"></span>guito d<span class=\"_ _1\"></span>ell\u2019approva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in<span class=\"_ _1\"></span> dat<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>5 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 del B<span class=\"_ _1\"></span>udg<span class=\"_ _1\"></span>et 20<span class=\"_ _1\"></span>23, ha ag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ato il ta<span class=\"_ _1\"></span>rge<span class=\"_ _1\"></span>t di EBI<span class=\"_ _1\"></span>TDA pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio 20<span class=\"_ _1\"></span>23, pe<span class=\"_ _1\"></span>r me<span class=\"_ _1\"></span>glio r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span> nelle proiezioni il<span class=\"_ _0\"></span> mutato scenario macroecono<span class=\"_ _1\"></span>mico rispetto alla pubblicazione delle stime nel piano strat<span class=\"_ _0\"></span>egico<span class=\"_ _348\"> </span> CON<span class=\"_ _1\"></span>N.E.C.<span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>. 2025, ris<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ente a fe<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2021<span class=\"_ _6\"></span>. A f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te di un re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ro de<span class=\"_ _1\"></span>l bus<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>s pe<span class=\"_ _1\"></span>r Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o pi\u00f9 vel<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to alle p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato, si r<span class=\"_ _1\"></span>itie<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>he ta<span class=\"_ _1\"></span>le n<span class=\"_ _1\"></span>uovo tar<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t pe<span class=\"_ _1\"></span>r il 2023 si<span class=\"_ _1\"></span>a rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evole a<span class=\"_ _1\"></span>lla lu<span class=\"_ _1\"></span>ce d<span class=\"_ _1\"></span>ell\u2019inc<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tez<span class=\"_ _1\"></span>za<span class=\"_ _348\"> </span> che tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t\u2019ora pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>te a cau<span class=\"_ _1\"></span>sa de<span class=\"_ _1\"></span>l mu<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>rio d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti en<span class=\"_ _1\"></span>erg<span class=\"_ _1\"></span>eti<span class=\"_ _1\"></span>ci e de<span class=\"_ _1\"></span>lle te<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>oni g<span class=\"_ _1\"></span>eo<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>liti<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>n at<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Con p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>i rin<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ri e<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rge<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po ha i<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ato di s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>ci p<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>i di mit<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei<span class=\"_ _348\"> </span> rischi volti al<span class=\"_ _0\"></span>l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _1\"></span>ficientame<span class=\"_ _1\"></span>nto energetico dei padig<span class=\"_ _0\"></span>lioni espositivi, prev<span class=\"_ _0\"></span>edendo inoltre la possibilit\u00e0 di ampliare<span class=\"_ _348\"> </span> l\u2019impia<span class=\"_ _1\"></span>nto fotovolt<span class=\"_ _1\"></span>aic<span class=\"_ _1\"></span>o ins<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>to sui tet<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>el qu<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>re di R<span class=\"_ _1\"></span>ho.<span class=\"_ _348\"> </span>Impatt<span class=\"_ _1\"></span>i climatici e ambientali<span class=\"_ _348\"> </span>Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to alle r<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell'<span class=\"_ _6\"></span>Au<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i e de<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rca<span class=\"_ _1\"></span>ti (ESM<span class=\"_ _1\"></span>A) c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> l\u2019<span class=\"_ _0\"></span>impor<span class=\"_ _1\"></span>tanza degli aspet<span class=\"_ _1\"></span>ti legati ai cambiamenti climatici<span class=\"_ _0\"></span>, nonch\u00e9 delle ev<span class=\"_ _0\"></span>oluzioni del cont<span class=\"_ _0\"></span>esto normativo a<span class=\"_ _0\"></span> livello<span class=\"_ _0\"></span> com<span class=\"_ _1\"></span>uni<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>rio, il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o ha valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to le imp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to ai p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>chi, fi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ci e tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>li,<span class=\"_ _348\"> </span> derivanti dai cambiamenti climatici<span class=\"_ _0\"></span>. In particola<span class=\"_ _1\"></span>re, nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mbito del <span class=\"ff12 ls8 wsb9\">f<span class=\"_ _0\"></span>ramew<span class=\"_ _0\"></span>ork<span class=\"ff6 ls7 ws50\"> disegnato<span class=\"_ _0\"></span> dalle linee guida della<span class=\"_ _0\"></span> </span></span>TCFD \u2013 <span class=\"ff12\">T<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>sk Fo<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>e on C<span class=\"_ _1\"></span>lim<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e Re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ted Fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>al D<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e<span class=\"ff6\">, che p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>e due m<span class=\"_ _1\"></span>acr<span class=\"_ _1\"></span>o cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti al<span class=\"_ _348\"> </span></span></span><span class=\"ff12\"><span class=\"ff6\"> </span></span>ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto cl<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o, ric<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bili a (<span class=\"_ _1\"></span>i) r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi fi<span class=\"_ _1\"></span>sic<span class=\"_ _1\"></span>i (acu<span class=\"_ _1\"></span>ti/cro<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>i) e (<span class=\"_ _1\"></span>ii) r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi di t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e (nor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>/di merc<span class=\"_ _1\"></span>ato/<span class=\"_ _348\"> </span>tecnologici/reputa<span class=\"_ _1\"></span>zionali),<span class=\"_ _0\"></span> si ritiene che lo scenario di rischio maggiormente applicabile per le<span class=\"_ _0\"></span> attivit\u00e0 del Grupp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> sia q<span class=\"_ _1\"></span>uel<span class=\"_ _1\"></span>lo re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo a feno<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ni me<span class=\"_ _1\"></span>teor<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>gic<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>mi (cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one TCFD <span class=\"ff12 ls49 ws3f\">Physic<span class=\"_ _1\"></span>al/<span class=\"_ _6\"></span>Acute<span class=\"ff6 ls46 ws96\">). E<span class=\"_ _0\"></span>venti<span class=\"_ _0\"></span> meteorologici<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls49 ws3f\"><span class=\"ff6 ls46 ws96\"> </span></span>es<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>mi e dis<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>i natu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>li es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o al r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>i dan<span class=\"_ _1\"></span>ni ad a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et e in<span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>ast<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ture (e<span class=\"_ _1\"></span>s. qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>e di Rh<span class=\"_ _1\"></span>o e<span class=\"_ _348\"> </span> Ce<span class=\"_ _1\"></span>ntro C<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i MiC<span class=\"_ _1\"></span>o), che potr<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ro pr<span class=\"_ _1\"></span>egi<span class=\"_ _1\"></span>udi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>to svolg<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>gli eve<span class=\"_ _1\"></span>nti fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ci e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i,<span class=\"_ _348\"> </span> cos<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po a s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>re o in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>re la p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span>, co<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze ne<span class=\"_ _1\"></span>gati<span class=\"_ _1\"></span>ve sia in te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ini<span class=\"_ _348\"> </span> economici, patrimoniali e finanziari sia i<span class=\"_ _0\"></span>n termini reputazionali.<span class=\"_ _348\"> </span>In que<span class=\"_ _1\"></span>sto c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>sto, le val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>te por<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>no a r<span class=\"_ _1\"></span>iten<span class=\"_ _1\"></span>ere c<span class=\"_ _1\"></span>he il G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o non r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ulti e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>col<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to, nel b<span class=\"_ _1\"></span>reve ter<span class=\"_ _1\"></span>mine, a<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi fis<span class=\"_ _1\"></span>ici c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>nes<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to clim<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>o. All<span class=\"_ _1\"></span>a luc<span class=\"_ _1\"></span>e di ta<span class=\"_ _1\"></span>li val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i, nel<span class=\"_ _348\"> </span> compless<span class=\"_ _1\"></span>o,<span class=\"_ _0\"></span> il Gruppo non prevede impatti finanziari significativi<span class=\"_ _0\"></span> nel breve<span class=\"_ _0\"></span> termine dei rischi climatici sul<span class=\"_ _0\"></span>le proprie<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni e/<span class=\"_ _6\"></span>o sulla valutazione delle proprie attivit\u00e0 e passivit\u00e0.<span class=\"_ _348\"> </span>1.2  <span class=\"_ _6\"></span><span class=\"ff1\">Nuovi principi contabili, interpretazioni e modifiche adottati<span class=\"_ _348\"> </span></span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ha a<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r la pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a volt<span class=\"_ _1\"></span>a alc<span class=\"_ _1\"></span>uni p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i e mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>he so<span class=\"_ _1\"></span>no in v<span class=\"_ _1\"></span>igo<span class=\"_ _1\"></span>re pe<span class=\"_ _1\"></span>r gli e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi ch<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> hanno inizio dal<span class=\"_ _0\"></span> 1<span class=\"_ _6\"></span>\u00b0 gennaio 2022.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o no<span class=\"_ _1\"></span>n ha ad<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to anti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte al<span class=\"_ _1\"></span>cun nu<span class=\"_ _1\"></span>ovo pri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pio, in<span class=\"_ _1\"></span>terp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one o m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fica e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so ma n<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span> anc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>a in vi<span class=\"_ _1\"></span>gor<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>I se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti nu<span class=\"_ _1\"></span>ovi pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>i e le se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he so<span class=\"_ _1\"></span>no ef<span class=\"_ _7\"></span>fic<span class=\"_ _1\"></span>aci d<span class=\"_ _1\"></span>al 1<span class=\"ff1\">\u00b0</span><span class=\"ls7 ws34\"> gennaio 2<span class=\"_ _0\"></span>022<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Refe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nce to th<span class=\"_ _1\"></span>e Co<span class=\"_ _1\"></span>nce<span class=\"_ _1\"></span>ptu<span class=\"_ _1\"></span>al Fra<span class=\"_ _1\"></span>mewor<span class=\"_ _1\"></span>k \u2013 Am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s to IFRS 3;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Prop<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span>y<span class=\"_ _6\"></span>, Pl<span class=\"_ _1\"></span>ant a<span class=\"_ _1\"></span>nd Equ<span class=\"_ _1\"></span>ipm<span class=\"_ _1\"></span>ent: Pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ee<span class=\"_ _1\"></span>ds b<span class=\"_ _1\"></span>efo<span class=\"_ _1\"></span>re Inte<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>d Us<span class=\"_ _1\"></span>e \u2013 Am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s to IAS 16<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">One<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>us C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>ts \u2013 C<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>s of Fulfilli<span class=\"_ _1\"></span>ng a C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>t \u2013 Am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>s to IAS 37<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws157\">IFRS 1 Fir<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t-time Ado<span class=\"_ _1\"></span>ptio<span class=\"_ _1\"></span>n of Inte<span class=\"_ _1\"></span>rna<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>nal Fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>al Re<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g St<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>dar<span class=\"_ _1\"></span>ds \u2013 S<span class=\"_ _1\"></span>ubs<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>y as a fir<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t-time ado<span class=\"_ _1\"></span>pter<span class=\"_ _1\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws44\">IFRS 9 Fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l Ins<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nts \u2013 \u201c<span class=\"_ _1\"></span>Fee<span class=\"_ _1\"></span>s in th<span class=\"_ _1\"></span>e \u20191<span class=\"_ _6\"></span>0 p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>'te<span class=\"_ _1\"></span>st fo<span class=\"_ _1\"></span>r der<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>niti<span class=\"_ _1\"></span>on of fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>l lia<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>s\u201d: la<span class=\"_ _348\"> </span></span><span class=\"fc4 ws44\"> </span>mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a chi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce qu<span class=\"_ _1\"></span>ali fe<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>s so<span class=\"_ _1\"></span>no da c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>are n<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>uzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el tes<span class=\"_ _1\"></span>t in a<span class=\"_ _1\"></span>ppli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>ar<span class=\"_ _0\"></span>. B3.3<span class=\"_ _1\"></span>.6<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>l\u2019IFRS 9, pe<span class=\"_ _1\"></span>r valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re la c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cel<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>na pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ria;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">IAS 4<span class=\"_ _0\"></span>1 Agr<span class=\"_ _1\"></span>icu<span class=\"_ _1\"></span>ltu<span class=\"_ _1\"></span>re \u2013 T<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>xa<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>n in fa<span class=\"_ _1\"></span>ir valu<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ure<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nts.<span class=\"_ _348\"> </span></span>Det<span class=\"_ _1\"></span>ti e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti, d<span class=\"_ _1\"></span>i por<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>ta li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>, int<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ono m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>he e ch<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i ril<span class=\"_ _1\"></span>evanz<span class=\"_ _1\"></span>a min<span class=\"_ _1\"></span>ore e n<span class=\"_ _1\"></span>on ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> determinato impatti per il<span class=\"_ _0\"></span> Gruppo.<span class=\"_ _348\"> </span>Son<span class=\"_ _1\"></span>o di se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito illu<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati i p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>i e le in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni c<span class=\"_ _1\"></span>he, al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di r<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o, er<span class=\"_ _1\"></span>ano g<span class=\"_ _1\"></span>i\u00e0 st<span class=\"_ _1\"></span>ati e<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nati m<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n er<span class=\"_ _1\"></span>ano a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>a in vi<span class=\"_ _1\"></span>gor<span class=\"_ _1\"></span>e. Il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po in<span class=\"_ _1\"></span>tend<span class=\"_ _1\"></span>e adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e que<span class=\"_ _1\"></span>sti p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pi e<span class=\"_ _348\"> </span> interpreta<span class=\"_ _1\"></span>zioni, se applicabili, quando entre<span class=\"_ _1\"></span>ranno in vigore<span class=\"_ _348\"> </span>IFRS 1<span class=\"_ _6\"></span>7 In<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nce C<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rac<span class=\"_ _1\"></span>ts<span class=\"_ _348\"> </span>Nel m<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>gio 201<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>, lo IASB ha e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o l\u2019IFRS 1<span class=\"_ _6\"></span>7 I<span class=\"_ _1\"></span>nsu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e Con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ct<span class=\"_ _1\"></span>s, un nu<span class=\"_ _1\"></span>ovo pri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pio c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>to rela<span class=\"_ _1\"></span>tivo ai c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> di as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>cur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ch<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>pre l<span class=\"_ _1\"></span>a ril<span class=\"_ _1\"></span>evaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e e mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>d info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>. Qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do en<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>r\u00e0 in v<span class=\"_ _1\"></span>igo<span class=\"_ _1\"></span>re l\u2019IFR<span class=\"_ _1\"></span>S<span class=\"_ _348\"> </span> 1<span class=\"_ _6\"></span>7 so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuir<span class=\"_ _1\"></span>\u00e0 l\u2019IFRS 4 C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti A<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>tivi c<span class=\"_ _1\"></span>he \u00e8 s<span class=\"_ _1\"></span>tato e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5. L<span class=\"_ _4\"></span>\u2019IFRS 1<span class=\"_ _6\"></span>7 si a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a a tut<span class=\"_ _1\"></span>ti i ti<span class=\"_ _1\"></span>pi di c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> as<span class=\"_ _1\"></span>sic<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i (ad es<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pio: vit<span class=\"_ _1\"></span>a, n<span class=\"_ _1\"></span>on vi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>cur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a, r<span class=\"_ _1\"></span>i-a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sic<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e) indip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente d<span class=\"_ _1\"></span>al tip<span class=\"_ _1\"></span>o di e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> li emette, come anche ad<span class=\"_ _0\"></span> alcune garanzie e strumenti finanziari con caratteristiche di par<span class=\"_ _1\"></span>tecipazione discrezionale.<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>o sc<span class=\"_ _1\"></span>opo s<span class=\"_ _1\"></span>i ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ate ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni. L<span class=\"_ _4\"></span>\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>ll\u2019IFRS 1<span class=\"_ _6\"></span>7 \u00e8 q<span class=\"_ _1\"></span>uel<span class=\"_ _1\"></span>lo di p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re un m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ello<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile p<span class=\"_ _1\"></span>er i c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>he si<span class=\"_ _1\"></span>a pi\u00f9 u<span class=\"_ _1\"></span>tile e c<span class=\"_ _1\"></span>oe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte pe<span class=\"_ _1\"></span>r gli a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>icu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tori. In c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>sto c<span class=\"_ _1\"></span>on le<span class=\"_ _348\"> </span> prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 4 che s<span class=\"_ _1\"></span>ono l<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te bas<span class=\"_ _1\"></span>ate su<span class=\"_ _1\"></span>l man<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>le po<span class=\"_ _1\"></span>liti<span class=\"_ _1\"></span>che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili p<span class=\"_ _1\"></span>rec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti, l\u2019IFRS<span class=\"_ _348\"> </span> 1<span class=\"_ _6\"></span>7 for<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>ce u<span class=\"_ _1\"></span>n mo<span class=\"_ _1\"></span>del<span class=\"_ _1\"></span>lo co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>eto pe<span class=\"_ _1\"></span>r i co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>icu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivi c<span class=\"_ _1\"></span>he co<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>e tut<span class=\"_ _1\"></span>ti gl<span class=\"_ _1\"></span>i as<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili r<span class=\"_ _1\"></span>ilevan<span class=\"_ _1\"></span>ti. Il cu<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>l\u2019IFRS 1<span class=\"_ _6\"></span>7 \u00e8 il m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>llo g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ale, i<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to da:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws8c\">un<span class=\"_ _1\"></span>o spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o ada<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to per i c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he di p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>teci<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a (il <span class=\"ff12\">va<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>e fe<span class=\"_ _1\"></span>e ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>oa<span class=\"_ _1\"></span>ch</span><span class=\"ls72 ws14\">);<span class=\"_ _348\"> </span></span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls45 ws34\">un approc<span class=\"_ _1\"></span>cio semplificato (l\u2019<span class=\"_ _6\"></span>approccio dell\u2019<span class=\"_ _6\"></span>alloca<span class=\"_ _1\"></span>zione del premio)<span class=\"_ _0\"></span> principalmente per i contratti di brev<span class=\"_ _0\"></span>e durata.<span class=\"_ _348\"> </span></span>L<span class=\"_ _8\"></span>\u2019I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _6\"></span>7 s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 in vi<span class=\"_ _1\"></span>gor<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r gli e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>i che i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o al 1<span class=\"_ _0\"></span>\u00b0 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>23 o suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te, e ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r\u00e0<span class=\"_ _348\"> </span> la pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i sa<span class=\"_ _1\"></span>ldi c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi. \u00c8 pe<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne an<span class=\"_ _1\"></span>tici<span class=\"_ _1\"></span>pat<span class=\"_ _1\"></span>a, n<span class=\"_ _1\"></span>el qu<span class=\"_ _1\"></span>al c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>t\u00e0 deve aver<span class=\"_ _348\"> </span> adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e l\u2019IFRS 9 e l\u2019IFRS 15 alla dat<span class=\"_ _1\"></span>a di p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 1<span class=\"_ _6\"></span>7 o pre<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dme<span class=\"_ _1\"></span>nts to I<span class=\"_ _1\"></span>AS 1<span class=\"_ _6\"></span>: C<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>atio<span class=\"_ _1\"></span>n of Li<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>liti<span class=\"_ _1\"></span>es a<span class=\"_ _1\"></span>s Cur<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nt or N<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>-c<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nt<span class=\"_ _348\"> </span>Nel g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o 2020, lo I<span class=\"_ _1\"></span>ASB ha p<span class=\"_ _1\"></span>ub<span class=\"_ _1\"></span>blic<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>lle m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>he ai p<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fi da 6<span class=\"_ _1\"></span>9 a 76 dello I<span class=\"_ _1\"></span>AS 1 pe<span class=\"_ _1\"></span>r sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e i<span class=\"_ _348\"> </span> req<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>me c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti o no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nti. L<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>dific<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>hia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sco<span class=\"_ _1\"></span>no:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">cos<span class=\"_ _1\"></span>a si i<span class=\"_ _1\"></span>nten<span class=\"_ _1\"></span>de pe<span class=\"_ _1\"></span>r di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>terg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">che il d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di po<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>eve esi<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re al<span class=\"_ _1\"></span>la ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws118\">la classifica<span class=\"_ _1\"></span>zione non \u00e8 impattata dalla probabilit\u00e0 con cui<span class=\"_ _0\"></span> l\u2019<span class=\"_ _6\"></span>entit\u00e0 eserciter\u00e0 il proprio diritto di postergazione;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsdd\">sol<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte s<span class=\"_ _1\"></span>e un de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vato imp<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>to in un<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>nver<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>bile \u00e8 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so un<span class=\"_ _1\"></span>o str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ento di c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span></span><span class=\"fc4 wsdd\"> </span>scadenza della passivit\u00e0 non ha impatto sulla sua<span class=\"_ _0\"></span> classific<span class=\"_ _1\"></span>azione.<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no ef<span class=\"_ _7\"></span>fic<span class=\"_ _1\"></span>aci p<span class=\"_ _1\"></span>er gl<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi c<span class=\"_ _1\"></span>he ini<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nno a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 2023 o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vame<span class=\"_ _1\"></span>nte, e dov<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nno<span class=\"_ _348\"> </span> es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te retr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po s<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to valut<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do l\u2019impat<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>he le m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>he avr<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o sul<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span> situazione corrente<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Defi<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>one di s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u2013 Mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he al<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 8<span class=\"_ _348\"> </span>Nel fe<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2021 lo IA<span class=\"_ _1\"></span>SB ha e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>gli e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>llo I<span class=\"_ _1\"></span>AS 8, in cu<span class=\"_ _1\"></span>i intr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>ce u<span class=\"_ _1\"></span>na de<span class=\"_ _1\"></span>finiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di \u201cst<span class=\"_ _1\"></span>ime<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>\u201d<span class=\"_ _6\"></span>. Le m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e chi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o la di<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e tra c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili e c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti ne<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili e c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di er<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ri. In<span class=\"_ _1\"></span>oltr<span class=\"_ _1\"></span>e, chi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>me le e<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>t\u00e0 ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ano te<span class=\"_ _1\"></span>cni<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e di mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e e inp<span class=\"_ _1\"></span>ut p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span> sviluppar<span class=\"_ _1\"></span>e stime cont<span class=\"_ _1\"></span>abili.<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ef<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r gli e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>i che h<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no ini<span class=\"_ _1\"></span>zio da<span class=\"_ _1\"></span>l o dop<span class=\"_ _1\"></span>o il 1<span class=\"_ _0\"></span>\u00b0 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>23 e si ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>no ai<span class=\"_ _348\"> </span> ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li e a ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i nel<span class=\"_ _1\"></span>le sti<span class=\"_ _1\"></span>me c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li ch<span class=\"_ _1\"></span>e si ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span>ll\u2019inizio di<span class=\"_ _348\"> </span> tal<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo o s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te. L<span class=\"_ _8\"></span>\u2019appli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>ta \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>a a con<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>he t<span class=\"_ _1\"></span>ale f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to sia r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>o noto.<span class=\"_ _348\"> </span>Non si prev<span class=\"_ _0\"></span>ede che le modifiche a<span class=\"_ _0\"></span>vranno un impatto significativo<span class=\"_ _0\"></span> sul Gruppo.<span class=\"_ _348\"> </span>Info<span class=\"_ _1\"></span>rma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili - Mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>llo I<span class=\"_ _1\"></span>AS 1 e IFRS P<span class=\"_ _1\"></span>rac<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>e St<span class=\"_ _1\"></span>atem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t 2<span class=\"_ _348\"> </span>Nel fe<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2021<span class=\"_ _6\"></span>, l<span class=\"_ _1\"></span>o IAS<span class=\"_ _1\"></span>B ha e<span class=\"_ _1\"></span>mes<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o deg<span class=\"_ _1\"></span>li em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>o IAS 1 e a<span class=\"_ _1\"></span>ll\u2019IFRS <span class=\"ff12\">P<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>cti<span class=\"_ _1\"></span>ce St<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>ent 2 M<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ki<span class=\"_ _1\"></span>ng<span class=\"_ _348\"> </span></span><span class=\"ff12\"> </span>Materi<span class=\"_ _0\"></span>ality Ju<span class=\"_ _0\"></span>dgements<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws1e\">, in c<span class=\"_ _1\"></span>ui for<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e line<span class=\"_ _1\"></span>e gui<span class=\"_ _1\"></span>da e<span class=\"_ _1\"></span>d es<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>pi p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>iut<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>e en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 ad ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>re giu<span class=\"_ _1\"></span>dizi d<span class=\"_ _1\"></span>i mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>alit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span></span><span class=\"ff6 ls3 ws1e\"> </span>all\u2019infor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili. Le m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e mir<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o ad ai<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>re l<span class=\"_ _1\"></span>e ent<span class=\"_ _1\"></span>it\u00e0 a fo<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>ire in<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ui pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili p<span class=\"_ _1\"></span>i\u00f9 uti<span class=\"_ _1\"></span>li so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tue<span class=\"_ _1\"></span>ndo l\u2019obblig<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 di fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>re le p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e pol<span class=\"_ _1\"></span>itic<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili \u201csi<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>tive\u201d co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bbl<span class=\"_ _1\"></span>igo di f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>nire i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili \u201cr<span class=\"_ _1\"></span>ilevan<span class=\"_ _1\"></span>ti\u201d; inolt<span class=\"_ _1\"></span>re, so<span class=\"_ _1\"></span>no ag<span class=\"_ _1\"></span>giu<span class=\"_ _1\"></span>nte lin<span class=\"_ _1\"></span>ee g<span class=\"_ _1\"></span>uida s<span class=\"_ _1\"></span>u co<span class=\"_ _1\"></span>me<span class=\"_ _348\"> </span> le en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o il co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ri<span class=\"_ _1\"></span>levanz<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>cis<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i in me<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to all\u2019infor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inci<span class=\"_ _1\"></span>pi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>llo I<span class=\"_ _1\"></span>AS 1 so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dagl<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi c<span class=\"_ _1\"></span>he ha<span class=\"_ _1\"></span>nno i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>o dal o d<span class=\"_ _1\"></span>opo i<span class=\"_ _1\"></span>l 1<span class=\"_ _6\"></span>\u00b0 g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>nai<span class=\"_ _1\"></span>o 2023,<span class=\"_ _348\"> </span>\u00e8 consentita l\u2019<span class=\"_ _6\"></span>applica<span class=\"_ _1\"></span>zione anticipata. Poich\u00e9<span class=\"_ _0\"></span> le modifiche al PS 2<span class=\"_ _0\"></span> forniscono indica<span class=\"_ _1\"></span>zioni non obbligat<span class=\"_ _0\"></span>orie<span class=\"_ _348\"> </span>sull\u2019<span class=\"_ _6\"></span>applica<span class=\"_ _1\"></span>zione della defini<span class=\"_ _0\"></span>zione di mat<span class=\"_ _0\"></span>erialit\u00e0 all\u2019in<span class=\"_ _0\"></span>formativa sui principi contabili<span class=\"_ _0\"></span>, non \u00e8 necessar<span class=\"_ _1\"></span>ia una data di<span class=\"_ _0\"></span> entrata i<span class=\"_ _0\"></span>n vigore<span class=\"_ _0\"></span> per tali<span class=\"_ _0\"></span> modifiche.<span class=\"_ _348\"> </span>Il Gruppo sta attualmente valutando l\u2019<span class=\"_ _6\"></span>impat<span class=\"_ _1\"></span>to delle<span class=\"_ _0\"></span> modifiche per determinare l\u2019<span class=\"_ _6\"></span>impat<span class=\"_ _1\"></span>to che a<span class=\"_ _0\"></span>vranno sull\u2019<span class=\"_ _0\"></span>informativa<span class=\"_ _0\"></span> sui principi<span class=\"_ _0\"></span> contabili di<span class=\"_ _0\"></span> Gruppo.<span class=\"_ _348\"> </span>Imposte differite relativ<span class=\"_ _0\"></span>e ad attivit\u00e0 e passivit\u00e0 derivanti da<span class=\"_ _0\"></span> una singola transa<span class=\"_ _1\"></span>zione \u2013 Modifiche allo<span class=\"_ _0\"></span> IAS 1<span class=\"_ _6\"></span>2<span class=\"_ _348\"> </span>Nel m<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>gio de<span class=\"_ _1\"></span>l 2021<span class=\"_ _6\"></span>, l<span class=\"_ _1\"></span>o IAS<span class=\"_ _1\"></span>B ha em<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so l<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>llo I<span class=\"_ _1\"></span>AS 1<span class=\"_ _0\"></span>2, rest<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>ndo l\u2019ambito di a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span><span class=\"ff12 ls35 ws46\">initial<span class=\"_ _348\"> </span></span>recognition ex<span class=\"_ _6\"></span>c<span class=\"_ _1\"></span>eption<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws174\"> inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>llo I<span class=\"_ _1\"></span>AS 1<span class=\"_ _0\"></span>2, che non d<span class=\"_ _1\"></span>ovr\u00e0 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re pi<span class=\"_ _1\"></span>\u00f9 app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ata a q<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>lle tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni c<span class=\"_ _1\"></span>he fa<span class=\"_ _1\"></span>nno<span class=\"_ _348\"> </span></span>nas<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>re di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bili i<span class=\"_ _1\"></span>n eg<span class=\"_ _1\"></span>ual m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che d<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te alle t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i che av<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vame<span class=\"_ _1\"></span>nte o a<span class=\"_ _1\"></span>ll\u2019inizio de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo<span class=\"_ _348\"> </span>comparativo presentato.<span class=\"_ _0\"></span> Ulteriormente, all<span class=\"_ _0\"></span>\u2019ini<span class=\"_ _0\"></span>zio del periodo comparativo presentato,<span class=\"_ _0\"></span> imposte differite attive (in<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>za di s<span class=\"_ _1\"></span>uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>nti r<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>diti i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ili) e<span class=\"_ _1\"></span>d im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ite pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive dovr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iute<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r tut<span class=\"_ _1\"></span>te le di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>cib<span class=\"_ _1\"></span>ili e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>soc<span class=\"_ _1\"></span>iate a<span class=\"_ _1\"></span>i le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng e fo<span class=\"_ _1\"></span>ndi di r<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ento va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do gli i<span class=\"_ _1\"></span>mpa<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i di ta<span class=\"_ _1\"></span>li mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>1.3  <span class=\"_ _6\"></span>Forma e contenuto dei prospetti contabili consolidati<span class=\"_ _348\"> </span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to dei p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>ti il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo h<span class=\"_ _1\"></span>a ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ato le se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti sc<span class=\"_ _1\"></span>elte:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsc8\">il prospetto della situazione patrimoniale - finanziaria consolidata viene presentato a<span class=\"_ _0\"></span> sezioni contrapposte<span class=\"_ _348\"> </span></span>con s<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e Att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _1\"></span>, Pas<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 e Pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>io Ne<span class=\"_ _1\"></span>tto. A lo<span class=\"_ _1\"></span>ro vol<span class=\"_ _1\"></span>ta le At<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e le Pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>vengono esposte sulla<span class=\"_ _0\"></span> base della loro classifica<span class=\"_ _1\"></span>zione in correnti, non<span class=\"_ _0\"></span> correnti e destinate alla<span class=\"_ _0\"></span> vendita;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsc5\">il co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co \u00e8 cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to in ba<span class=\"_ _1\"></span>se al<span class=\"_ _1\"></span>la na<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti; es<span class=\"_ _1\"></span>so \u00e8 p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to con du<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti, il<span class=\"_ _348\"> </span></span>pr<span class=\"_ _1\"></span>imo (co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co) mo<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a le co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to dell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o; il sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do (con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo) invec<span class=\"_ _1\"></span>e, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>do da<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o, cont<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e le voc<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>cavo e di c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to che no<span class=\"_ _1\"></span>n so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>rilevat<span class=\"_ _0\"></span>e nell\u2019<span class=\"_ _6\"></span>utile (perdita) del periodo bens\u00ec nel patrimonio netto;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">il rendiconto<span class=\"_ _0\"></span> finanziario consolidato viene rappresentato secondo il metodo indiretto<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsaa\">il prospetto delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni di patrimonio netto<span class=\"_ _0\"></span> consolidato viene presentato con evidenza separata del<span class=\"_ _348\"> </span></span>ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ato di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo e de<span class=\"_ _1\"></span>lle t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>te in e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere c<span class=\"_ _1\"></span>on i S<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>1.4  <span class=\"_ _6\"></span>Area e principi di consolidamento<span class=\"_ _348\"> </span>Il pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e la Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>, le S<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>te e le imp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se a<span class=\"_ _348\"> </span>controllo congiunto.<span class=\"_ _348\"> </span>Il bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato \u00e8 re<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>i al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022 a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rovati da<span class=\"_ _1\"></span>gli O<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>ani A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>inis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>le so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>se n<span class=\"_ _1\"></span>ell\u2019area di c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, pre<span class=\"_ _1\"></span>dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ti in b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e ai pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili di G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o in co<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>agli I<span class=\"_ _1\"></span>AS/<span class=\"_ _1\"></span>IFRS<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>In relazione all\u2019<span class=\"_ _6\"></span>area di consolidamento si segnala che in<span class=\"_ _0\"></span> data 23 no<span class=\"_ _0\"></span>vembre 2022<span class=\"_ _0\"></span> \u00e8 per<span class=\"_ _1\"></span>fezionata l\u2019<span class=\"_ _6\"></span>acquisizione da<span class=\"_ _348\"> </span>par<span class=\"_ _7\"></span>te di Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no di un<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e par<span class=\"_ _1\"></span>i al 25% del cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e di Ge.<span class=\"_ _1\"></span>Fi. SpA<span class=\"_ _1\"></span>, d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a sua c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>Mi-Vie<span class=\"_ _1\"></span>w Srl, c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>glio d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to al c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>itolo 2 I<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tiva su <span class=\"ff12\">J<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt vent<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e </span><span class=\"ls7 ws34\">e Societ\u00e0 collegate.<span class=\"_ _348\"> </span></span>Imprese controllate<span class=\"_ _348\"> </span>Le so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ate so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>date a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n cui il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo \u00e8 st<span class=\"_ _1\"></span>ato ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to al<span class=\"_ _348\"> </span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o e ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>no di e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>te all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a in cu<span class=\"_ _1\"></span>i il co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo \u00e8 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito a te<span class=\"_ _1\"></span>rz<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Il v<span class=\"_ _0\"></span>alore di carico delle par<span class=\"_ _1\"></span>tecipazioni consolidate viene eliminat<span class=\"_ _0\"></span>o contro la corrispondente quota di<span class=\"_ _0\"></span> patrimonio<span class=\"_ _348\"> </span>netto alla data di<span class=\"_ _0\"></span> acquisizione, a front<span class=\"_ _0\"></span>e dell\u2019<span class=\"_ _6\"></span>assunzione delle attivit\u00e0 e delle passivit\u00e0 risultanti dai rispettivi<span class=\"_ _348\"> </span>bilanci secondo il metodo dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>integrazione globale. Per la contabilizzazione delle acquisizioni di<span class=\"_ _0\"></span> controllate viene<span class=\"_ _348\"> </span>utili<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zato il m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to cos<span class=\"_ _1\"></span>\u00ec com<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to dall\u2019I<span class=\"_ _1\"></span>FRS 3 ri<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>to nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019ammo<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>e e de<span class=\"_ _1\"></span>lle r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ve de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>llate c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ente a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di mi<span class=\"_ _1\"></span>nor<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>za \u00e8<span class=\"_ _348\"> </span> isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to nell<span class=\"_ _1\"></span>a voce d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to den<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a \u201cCap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale e r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ve \u2013 inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za\u201d e la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a del<span class=\"_ _348\"> </span> risultato economico consolidato corrispondente a partecipa<span class=\"_ _1\"></span>zioni di minoranza \u00e8 iscritta nella voce denominata<span class=\"_ _348\"> </span> \u201cRisultato net<span class=\"_ _1\"></span>to \u2013<span class=\"_ _0\"></span> interess<span class=\"_ _1\"></span>enze di minoranza\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span> Joi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Una <span class=\"_ _2\"> </span><span class=\"ff12 ls38 ws31\">jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e</span><span class=\"ws107\"> \u00e8 un ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>o a con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>llo c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>iunto n<span class=\"_ _1\"></span>el qu<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti ch<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>teng<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo co<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>unto<span class=\"_ _348\"> </span></span><span class=\"ws107\"> </span>vant<span class=\"_ _1\"></span>ano d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti sul<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 net<span class=\"_ _1\"></span>te d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdo. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po r<span class=\"_ _1\"></span>ileva la p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pri<span class=\"_ _1\"></span>a inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>lla <span class=\"ff12 ls38 ws12d\">jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e</span> co<span class=\"_ _1\"></span>me<span class=\"_ _348\"> </span> una p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e deve c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>la se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>o il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to in co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0 al<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 28<span class=\"_ _348\"> </span> Par<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ate e <span class=\"ff12 ls38 ws11\">joi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e</span>.<span class=\"_ _348\"> </span>Nel passaggio dal metodo proporzionale al metodo del patrimonio<span class=\"_ _0\"></span> netto, viene rile<span class=\"_ _0\"></span>vata la partecipa<span class=\"_ _1\"></span>zione nella<span class=\"_ _348\"> </span> joint vent<span class=\"_ _1\"></span>ure<span class=\"ff6 ls7 ws56\"> all\u2019in<span class=\"_ _0\"></span>izio del primo esercizio oggetto di presentazione. Al momento della rile<span class=\"_ _0\"></span>vazione iniziale,<span class=\"_ _0\"></span> tale<span class=\"_ _348\"> </span></span><span class=\"ff6 ls7 ws56\"> </span>par<span class=\"_ _1\"></span>tecipazione deve essere calcolata come l\u2019<span class=\"_ _6\"></span>ammontare comple<span class=\"_ _1\"></span>ssivo dei v<span class=\"_ _0\"></span>alori contabili delle attivit\u00e0 e delle<span class=\"_ _348\"> </span> pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 aveva in pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato pr<span class=\"_ _1\"></span>opo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte, inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>ls<span class=\"_ _1\"></span>ias<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante<span class=\"_ _348\"> </span> dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e. Se l\u2019a<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto p<span class=\"_ _1\"></span>rec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte ap<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>eva a una u<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i di<span class=\"_ _348\"> </span> dime<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri, o a u<span class=\"_ _1\"></span>n gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di un<span class=\"_ _1\"></span>it\u00e0 g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ici d<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri, l\u2019<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>eve at<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>bui<span class=\"_ _1\"></span>re l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> joint vent<span class=\"_ _1\"></span>ure<span class=\"ff6 ls3 wsd7\"> in b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e ai re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a </span>joi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e<span class=\"ff6 ls3 wsd7\"> e dell\u2019unit<span class=\"_ _1\"></span>\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ce di fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i, o de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span><span class=\"ff6 ls3 wsd7\"> </span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di uni<span class=\"_ _1\"></span>t\u00e0 g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ici di fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri di a<span class=\"_ _1\"></span>ppa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Operazioni infragruppo<span class=\"_ _348\"> </span>Nel<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>l bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i i sa<span class=\"_ _1\"></span>ldi de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vant<span class=\"_ _1\"></span>i da ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i inter<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i tr<span class=\"_ _1\"></span>a le so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>ento i<span class=\"_ _1\"></span>n par<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>are l<span class=\"_ _1\"></span>e par<span class=\"_ _7\"></span>tite di d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ito e cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>to, i cos<span class=\"_ _1\"></span>ti e i ri<span class=\"_ _1\"></span>cavi c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e gli u<span class=\"_ _1\"></span>tili e<span class=\"_ _348\"> </span> le pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te non a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati e tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le al<span class=\"_ _1\"></span>tre op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni po<span class=\"_ _1\"></span>ste f<span class=\"_ _1\"></span>ra le e<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>date.<span class=\"_ _348\"> </span>Co<span class=\"_ _1\"></span>nve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>i b<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>i in m<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l\u2019eur<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio, le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>date la c<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>uta d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nto \u00e8 dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>uro, so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tite ne<span class=\"_ _1\"></span>lla va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a di pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dati d<span class=\"_ _1\"></span>i Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o in vig<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> a tal<span class=\"_ _1\"></span>e dat<span class=\"_ _1\"></span>a. L<span class=\"_ _1\"></span>e voci d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>co so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tite al c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio m<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio e l<span class=\"_ _1\"></span>e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nze de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti<span class=\"_ _348\"> </span> dall\u2019<span class=\"_ _6\"></span>adeguame<span class=\"_ _1\"></span>nto del<span class=\"_ _0\"></span> patrimonio netto iniziale ai<span class=\"_ _0\"></span> cambi corre<span class=\"_ _1\"></span>nti di<span class=\"_ _0\"></span> fine esercizio nonch\u00e9 le differenze derivanti<span class=\"_ _348\"> </span> dalla div<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>sa metodologia usata per la conv<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>rsione del risultato dell\u2019<span class=\"_ _6\"></span>esercizio sono rilev<span class=\"_ _0\"></span>ate nelle<span class=\"_ _0\"></span> altre componenti<span class=\"_ _348\"> </span> del conto economico complessivo,<span class=\"_ _0\"></span> accumulate in una<span class=\"_ _0\"></span> specific<span class=\"_ _1\"></span>a riser<span class=\"_ _1\"></span>va di pat<span class=\"_ _0\"></span>rimonio netto.<span class=\"_ _348\"> </span>I ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r la c<span class=\"_ _1\"></span>onver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>n eur<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>i bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>i 2021 e 2020 dell<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span> nella tabella che segue: <span class=\"_ _1ec\"> </span><span class=\"ff1 fc0\">medio 2022<span class=\"_ _69\"> </span><span class=\"fc4\">medio 2021<span class=\"_ _74\"> </span></span>31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _348\"> </span></span></span>Rand sudafricano<span class=\"_ _1fd\"> </span><span class=\"fc0\">17,21<span class=\"_ _41\"> </span></span>17,48<span class=\"_ _41\"> </span><span class=\"fc0\">18,10<span class=\"_ _41\"> </span></span>18,06<span class=\"_ _348\"> </span>Real brasiliano<span class=\"_ _3f\"> </span><span class=\"fc0\">5,44<span class=\"_ _186\"> </span></span>6,38<span class=\"_ _1fe\"> </span><span class=\"fc0\">5,64<span class=\"_ _1fe\"> </span></span>6,31<span class=\"_ _348\"> </span>Fonte: Banca d\u2019Italia<span class=\"_ _348\"> </span>1.5  <span class=\"_ _6\"></span>Sintesi dei principi contabili e criteri di valutazione<span class=\"_ _348\"> </span>Business combinat<span class=\"_ _0\"></span>ion<span class=\"_ _348\"> </span>Le aggre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zioni a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>ndali so<span class=\"_ _1\"></span>no conta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>zate utiliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ndo il metodo dell\u2019<span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isto (<span class=\"_ _7\"></span><span class=\"ff12 ls39 wsd2\">purchas<span class=\"_ _1\"></span>e method</span><span class=\"ls3 wsaa\">) p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span></span><span class=\"ls3 wsaa\"> </span>dal<span class=\"_ _1\"></span>l\u2019IFRS 3 ri<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>to nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8. Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o tal<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>todo il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito in u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 wsfe\">business combination</span><span class=\"ls39 ws4b\"> \u00e8<span class=\"_ _0\"></span> valutat<span class=\"_ _6\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls39 ws4b\"> </span>al <span class=\"_ _1\"></span><span class=\"ff12 ws12a\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\">, deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mma d<span class=\"_ _1\"></span>ei </span>f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite e d<span class=\"_ _1\"></span>elle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte dal G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ws12a\"><span class=\"ff6\"> </span></span>alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si in c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ollo d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. G<span class=\"_ _1\"></span>li one<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> acc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ori a<span class=\"_ _1\"></span>lla t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in cu<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti e cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>ti tr<span class=\"_ _1\"></span>a le sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _348\"> </span>I cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>i par<span class=\"_ _7\"></span>te de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, sono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one. Even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive di <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue</span>, sono r<span class=\"_ _1\"></span>ilevate n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>complessivo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Alla data di acquisizione<span class=\"_ _0\"></span> le attivit\u00e0 identificabili acquisite e<span class=\"_ _0\"></span> le passivit\u00e0 assunte sono rilev<span class=\"_ _0\"></span>ate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span>L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>avviamento \u00e8 determinato<span class=\"_ _0\"></span> come l\u2019<span class=\"_ _6\"></span>eccede<span class=\"_ _1\"></span>nza tra la somma dei corrispettivi trasferiti nell\u2019<span class=\"_ _6\"></span>aggrega<span class=\"_ _1\"></span>zione azien<span class=\"_ _1\"></span>dale,<span class=\"_ _348\"> </span>del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enze d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e del <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls41 ws172\"> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>ntu<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span></span>par<span class=\"_ _1\"></span>tecipazione prece<span class=\"_ _1\"></span>dentemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa acquisita rispet<span class=\"_ _1\"></span>to al <span class=\"ff12 ls3 ws135\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> delle attivit\u00e0 net<span class=\"_ _1\"></span>te acquisit<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>. Se il val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e la s<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti, de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>interesse<span class=\"_ _1\"></span>nze di minoranza e del <span class=\"ff12 ls3 ws16\">fai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue </span><span class=\"ls7 wsa8\">dell\u2019<span class=\"_ _6\"></span>eventuale par<span class=\"_ _1\"></span>tecipazione precede<span class=\"_ _1\"></span>ntemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _348\"> </span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, ta<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za \u00e8 r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span>provent<span class=\"_ _0\"></span>o derivante<span class=\"_ _0\"></span> dalla transa<span class=\"_ _1\"></span>zione conclusa.<span class=\"_ _348\"> </span>Le qu<span class=\"_ _1\"></span>ote di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>elle i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>, al<span class=\"_ _1\"></span>la dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span>al <span class=\"ff12 ws126\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws58\"> oppure in proporzione alla quota di<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipazione di minoranza nelle attivit\u00e0 identificabili dell\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _348\"> </span></span>acquisita.<span class=\"_ _0\"></span> La scelta del me<span class=\"_ _0\"></span>todo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione \u00e8 effettuata<span class=\"_ _0\"></span> transazione per t<span class=\"_ _0\"></span>ransazione.<span class=\"_ _348\"> </span>Nel processo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione di <span class=\"ff12 ls3 ws180\">fair va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws15f\"> delle <span class=\"ff12 ls6 ws8e\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws180\"> il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no si av<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span></span></span></span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i e, pe<span class=\"_ _1\"></span>r le <span class=\"ff12 ls6 ws157\">business combination</span> pi\u00f9 sign<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve, anc<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Le ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>use a<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>0 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te rileva<span class=\"_ _1\"></span>te sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do le<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>nute ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 3.<span class=\"_ _348\"> </span>Business combinat<span class=\"_ _0\"></span>ion<span class=\"ff1 ls3 ws3\"> re<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te i<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>i\u00f9 f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span></span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 ws104\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws18\"> si<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n pi\u00f9 f<span class=\"_ _1\"></span>asi, l<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a dal<span class=\"_ _348\"> </span></span></span>Gruppo nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>entit\u00e0 acq<span class=\"_ _0\"></span>uisita \u00e8<span class=\"_ _0\"></span> valutata<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 ws118\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo e l\u2019<span class=\"_ _0\"></span>eventu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>e o pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span></span></span>che n<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>me se f<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se ven<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>a e ri<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo.<span class=\"_ _348\"> </span>Opzioni<span class=\"ff4 ls38 ws11\"> put<span class=\"_ _348\"> </span></span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ai de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ivati no<span class=\"_ _1\"></span>n di c<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ia lo I<span class=\"_ _1\"></span>ASB c<span class=\"_ _1\"></span>he il C<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>ce Ci<span class=\"_ _1\"></span>vile p<span class=\"_ _1\"></span>reve<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o che l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive<span class=\"_ _348\"> </span>a que<span class=\"_ _1\"></span>lla in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le devo<span class=\"_ _1\"></span>no es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ere f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni devon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re im<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tate a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>La concessione di opz<span class=\"_ _0\"></span>ioni <span class=\"ff12 ls3 ws3\">put <span class=\"_ _1\"></span><span class=\"ff6 ws2f\">a<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>ci di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to a qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ti ul<span class=\"_ _1\"></span>timi di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re le a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute a una d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a fut<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>. Lo I<span class=\"_ _1\"></span>AS 32, par<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>rafo 23, s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e che u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>che c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sir<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a o a fr<span class=\"_ _1\"></span>onte di a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span>dia lu<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>o a una p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>ell\u2019opzione. Pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto, qua<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _1\"></span>n abb<span class=\"_ _1\"></span>ia il d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to inc<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>nato a evi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re la c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gna di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a o di al<span class=\"_ _1\"></span>tri s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>event<span class=\"_ _0\"></span>uale esercizio di una opz<span class=\"_ _0\"></span>ione <span class=\"ff12 ls42 ws2b\">put</span><span class=\"ls3 ws11a\"> su a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni d\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llate, s<span class=\"_ _1\"></span>i deve pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>ll\u2019iscr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span></span>deb<span class=\"_ _1\"></span>ito. L<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 ini<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte al val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>ll\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>rimborso stimato sulla base delle<span class=\"_ _0\"></span> migliori informazioni disponibili e la<span class=\"_ _0\"></span> variazione del <span class=\"ff12 ls3 wsc1\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\"> fr<span class=\"_ _1\"></span>a un e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>io e<span class=\"_ _348\"> </span></span></span>l\u2019<span class=\"_ _6\"></span>altro<span class=\"_ _0\"></span> viene co<span class=\"_ _0\"></span>ntabili<span class=\"_ _0\"></span>zzata a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra il c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a che v<span class=\"_ _1\"></span>i sia c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>, il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito al<span class=\"_ _348\"> </span>patrimonio netto.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ransazioni relative a<span class=\"_ _6\"></span> quote di minoranza<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a quo<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i una c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome <span class=\"ff12 ls49 ws15a\">e<span class=\"_ _1\"></span>quit<span class=\"_ _1\"></span>y tra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>ction</span>. P<span class=\"_ _0\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>nto, pe<span class=\"_ _1\"></span>r acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ti su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo l\u2019<span class=\"_ _0\"></span>event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>va o neg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va tra il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e la co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata<span class=\"_ _348\"> </span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te nel p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po, pe<span class=\"_ _1\"></span>r ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate se<span class=\"_ _1\"></span>nza p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le pl<span class=\"_ _1\"></span>usval<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ta di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i le ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inin<span class=\"_ _1\"></span>o la p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>o, la pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>\u00e8 adeguata al relativ<span class=\"_ _0\"></span>o <span class=\"ff12 ls3 ws38\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> e la rivalutazione concorre alla formazione della plusvalenza (<span class=\"_ _0\"></span>minusvalenza)<span class=\"_ _348\"> </span>derivante dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione.<span class=\"_ _348\"> </span>Immobilizzazioni materiali<span class=\"_ _348\"> </span>Immobili,<span class=\"_ _0\"></span> impianti e m<span class=\"_ _0\"></span>acchinari<span class=\"_ _348\"> </span>Gli im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bili, im<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>anti e m<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to o di pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>one<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>i dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta im<span class=\"_ _1\"></span>put<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e re<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>cati d<span class=\"_ _1\"></span>ai r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vi am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re cu<span class=\"_ _1\"></span>mula<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>Le im<span class=\"_ _1\"></span>mob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in o<span class=\"_ _1\"></span>gni e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio a q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti, sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span>di ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-tecn<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>ue p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 di uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>i ce<span class=\"_ _1\"></span>spi<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di m<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e aventi n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ati a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del l<span class=\"_ _1\"></span>oro<span class=\"_ _348\"> </span>sostenimento.<span class=\"_ _348\"> </span>I costi di sostitu<span class=\"_ _0\"></span>zione di componenti identificabili di<span class=\"_ _0\"></span> beni comples<span class=\"_ _1\"></span>si sono imputati all<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tivo patrimoniale e<span class=\"_ _0\"></span> amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go l<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e; il valo<span class=\"_ _1\"></span>re di is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>duo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to di s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tituz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8<span class=\"_ _348\"> </span>imputato<span class=\"_ _0\"></span> a conto<span class=\"_ _0\"></span> economico.<span class=\"_ _348\"> </span>Le mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>u be<span class=\"_ _1\"></span>ni di te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>no cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te neg<span class=\"_ _1\"></span>li imm<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>li, imp<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>nti e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hina<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>osto<span class=\"_ _348\"> </span>sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to; il per<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nde a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra la v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019immob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>materiale e la durata residua del<span class=\"_ _0\"></span> contrat<span class=\"_ _1\"></span>to di<span class=\"_ _0\"></span> loca<span class=\"_ _1\"></span>zione.<span class=\"_ _348\"> </span>Le al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cate s<span class=\"_ _1\"></span>ono q<span class=\"_ _1\"></span>uel<span class=\"_ _1\"></span>le di s<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ito ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mob<span class=\"_ _1\"></span>ili e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hine d\u2019uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio <span class=\"_ _1ff\"> </span>1<span class=\"_ _6\"></span>2%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Mobili e attrezzature fieristiche <span class=\"_ _200\"> </span>27<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ele<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d a nol<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>gio <span class=\"_ _54\"> </span>4<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Beni in metallo destinati<span class=\"_ _0\"></span> al noleggio <span class=\"_ _1e0\"> </span>1<span class=\"_ _6\"></span>3,5<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine, apparecchiature ed attrezz<span class=\"_ _1\"></span>ature varie <span class=\"_ _201\"> </span>1<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls43 ws220\">Au<span class=\"_ _1\"></span>tovet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e 25<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine elettroniche <span class=\"_ _202\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti e macchinari <span class=\"_ _4b\"> </span>1<span class=\"_ _6\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti telef<span class=\"_ _0\"></span>onici  <span class=\"_ _203\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Impi<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti d\u2019<span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>e <span class=\"_ _125\"> </span>3<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls73 ws221\">A<span class=\"_ _3\"></span>r<span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _7\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _7\"></span>-1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _348\"> </span></span>Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span>Se vi s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne le im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni ma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a una ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>(<span class=\"ff12 ls38 ws11\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent te<span class=\"_ _1\"></span>st</span><span class=\"ls39 ws92\">) attrav<span class=\"_ _0\"></span>erso il procedi<span class=\"_ _0\"></span>mento<span class=\"_ _0\"></span> illustrat<span class=\"_ _6\"></span>o nel paragrafo<span class=\"_ _0\"></span> \u201cPerd<span class=\"_ _0\"></span>ita di v<span class=\"_ _6\"></span>alore delle a<span class=\"_ _0\"></span>ttivit\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>Immobilizzazioni immateriali<span class=\"_ _348\"> </span>Un\u2019<span class=\"_ _6\"></span>attivit\u00e0 immateriale viene rilev<span class=\"_ _0\"></span>ata contabilmente solo se \u00e8<span class=\"_ _0\"></span> identificabile e controllabile,<span class=\"_ _0\"></span> \u00e8 prevedibile<span class=\"_ _0\"></span> che generi<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci f<span class=\"_ _1\"></span>utur<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>d il su<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile.<span class=\"_ _348\"> </span>Avviamenti e attivit\u00e0 immateriali a<span class=\"_ _6\"></span> vit<span class=\"_ _1\"></span>a non<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante da o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i <span class=\"ff12 ls6 ws197\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 wscd\"> \u00e8 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span></span></span>acquisizione, come indicat<span class=\"_ _0\"></span>o al precedente paragrafo \u201c<span class=\"ff12 ls6 ws2e\">business combinat<span class=\"_ _0\"></span>ion<span class=\"ff6 ls3 ws12d\">\u201d e allo<span class=\"_ _1\"></span>cato, ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>ll\u2019</span><span class=\"ls39 ws92\">impairment<span class=\"ff6 ls3 ws3\"> </span></span></span>test,<span class=\"ff6 ls3 ws222\"> a<span class=\"_ _1\"></span>lle </span><span class=\"ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws222\"> (o gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>pi di <span class=\"ff12 ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"ff6 ls7 ws223\">)<span class=\"_ _0\"></span> che beneficiano delle sinergie consentite<span class=\"_ _348\"> </span></span></span></span></span>dall\u2019<span class=\"_ _6\"></span>acquisizione che lo hanno<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato<span class=\"_ _0\"></span>. Dopo l\u2019<span class=\"_ _6\"></span>isc<span class=\"_ _1\"></span>rizione iniziale<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _6\"></span>avviamento viene valutato<span class=\"_ _0\"></span> al costo diminuit<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>le event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>a ana<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di <span class=\"ff12 ls38 ws13b\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t</span> (vedi pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo \u201cPe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d<span class=\"_ _1\"></span>). Un\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>ndo n<span class=\"_ _1\"></span>on \u00e8 p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e un lim<span class=\"_ _1\"></span>ite<span class=\"_ _348\"> </span>all\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le si r<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e che l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. Le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, non so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ta so<span class=\"_ _1\"></span>no val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to o di pro<span class=\"_ _1\"></span>duz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span>one<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri, e<span class=\"_ _1\"></span>d am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lla lo<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>futu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>. Se v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ind<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate a un<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 (<span class=\"ff12 ls39 ws92\">im<span class=\"_ _1\"></span>pairment<span class=\"_ _348\"> </span></span>test<span class=\"ff6 ls3 ws3\">) c<span class=\"_ _1\"></span>he \u00e8 ill<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta ne<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>raf<span class=\"_ _1\"></span>o \u201cPer<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>A par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span>ul<span class=\"_ _1\"></span>timo t<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 i m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he (<span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>me li<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i, lis<span class=\"_ _1\"></span>ta v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>e lo st<span class=\"_ _0\"></span>ess<span class=\"_ _1\"></span>o marchio della manifestazione) sono stati<span class=\"_ _0\"></span> riclas<span class=\"_ _1\"></span>sificati unitamente alle t<span class=\"_ _0\"></span>estate editoriali dalla cat<span class=\"_ _0\"></span>egoria<span class=\"_ _348\"> </span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a vit<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n defin<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla c<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ria a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali a v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>a sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le si b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ava<span class=\"_ _348\"> </span>sulla considera<span class=\"_ _1\"></span>zione che i<span class=\"_ _0\"></span> busines<span class=\"_ _1\"></span>s<span class=\"ff12 ls3 ws3\"> <span class=\"_ _6\"></span><span class=\"ff6 ls39 wse9\">sott<span class=\"_ _0\"></span>ostanti a<span class=\"_ _0\"></span> tali <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsd3\">, vale a di<span class=\"_ _1\"></span>re le m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e le p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span></span></span></span>spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate, s<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>avano c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e non p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ili di u<span class=\"_ _1\"></span>na valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>In so<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le, no<span class=\"_ _1\"></span>n er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tori n<span class=\"_ _1\"></span>\u00e9 di c<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere e<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, nor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivo o<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gal<span class=\"_ _1\"></span>e, n\u00e9 di c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>e spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 o de<span class=\"_ _1\"></span>l set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di que<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bili, t<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>re un li<span class=\"_ _1\"></span>mite p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e al p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i net<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>In effetti, l\u2019<span class=\"_ _6\"></span>evol<span class=\"_ _0\"></span>uzione dei mercati nazionali ed internazionali in genere, unitamente al<span class=\"_ _0\"></span>le dinamiche competitive<span class=\"_ _0\"></span> interne dei settori di riferimento<span class=\"_ _0\"></span> delle manifestazioni fieris<span class=\"_ _1\"></span>tiche e delle<span class=\"_ _0\"></span> pubblica<span class=\"_ _1\"></span>zioni specializzate, hanno suggerito<span class=\"_ _348\"> </span>di sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>re a ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca i p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti. L<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nclu<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>ui si \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>venu<span class=\"_ _1\"></span>ti, an<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>una c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>n le p<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>ri it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>i e str<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i, \u00e8 di st<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>re un<span class=\"_ _1\"></span>a vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i a 20 anni n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>i, sia p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>he pe<span class=\"_ _1\"></span>r le te<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate ed<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>te ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o mos<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r al<span class=\"_ _1\"></span>cuni i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ibili u<span class=\"_ _1\"></span>n livel<span class=\"_ _1\"></span>lo di in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zzo<span class=\"_ _1\"></span>nte tem<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto, la vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta pa<span class=\"_ _1\"></span>ri a 10 anni.<span class=\"_ _348\"> </span>Per<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to, le aliq<span class=\"_ _1\"></span>uote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he <span class=\"_ _204\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Al<span class=\"_ _1\"></span>tri m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi e T<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate e<span class=\"_ _1\"></span>ditor<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li <span class=\"_ _205\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span>I dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti di b<span class=\"_ _1\"></span>revet<span class=\"_ _1\"></span>to in<span class=\"_ _1\"></span>dus<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ale e i d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019inge<span class=\"_ _1\"></span>gno, le li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nze e le c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do d<span class=\"_ _1\"></span>a tre a di<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>i a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o di so<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o add<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i. In os<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>za d<span class=\"_ _1\"></span>ello I<span class=\"_ _1\"></span>AS 38 i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti di<span class=\"_ _348\"> </span>svilu<span class=\"_ _1\"></span>ppo r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti, i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>uso i<span class=\"_ _1\"></span>l lan<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i nuove ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l lor<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>cio f<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>ro \u00e8 ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>to e il l<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile e<span class=\"_ _1\"></span>d<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i i be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i si m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to. Il valor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>inato a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio, o co<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za p<span class=\"_ _1\"></span>i\u00f9 rav<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a se pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>uit<span class=\"_ _1\"></span>\u00e0 ai fin<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di<span class=\"_ _348\"> </span>val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Perdita di v<span class=\"_ _0\"></span>alore delle attivit\u00e0<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto e le a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i a vit<span class=\"_ _1\"></span>a non d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i a una s<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span>recuperabilit\u00e0<span class=\"_ _0\"></span> (<span class=\"ff12 ls38 ws1c\">imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test)</span><span class=\"ls3 ws12\"> ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio, o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze pi\u00f9 b<span class=\"_ _1\"></span>revi, qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span></span>eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o indi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iali a v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, son<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a <span class=\"ff12 ls39 ws92\">impairment<span class=\"_ _348\"> </span></span>tes<span class=\"_ _1\"></span>t <span class=\"ff6\">sol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>a em<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di val<span class=\"_ _1\"></span>ore.<span class=\"_ _348\"> </span></span>La r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nfr<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n il ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span>tra il p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a e il valo<span class=\"_ _1\"></span>re d\u2019uso d<span class=\"_ _1\"></span>el be<span class=\"_ _1\"></span>ne. I<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a \u00e8 l\u2019impor<span class=\"_ _7\"></span>to ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e dall<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>di un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 in u<span class=\"_ _1\"></span>na op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne f<span class=\"_ _1\"></span>ra pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>pen<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i cos<span class=\"_ _1\"></span>ti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in<span class=\"_ _348\"> </span>as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ac<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>di vi<span class=\"_ _1\"></span>nco<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nti oc<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo, ovve<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>lle mi<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i tenu<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>to, tra l\u2019<span class=\"_ _0\"></span>alt<span class=\"_ _1\"></span>ro, del<span class=\"_ _1\"></span>le re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nti tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 s<span class=\"_ _1\"></span>imili e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co. Il val<span class=\"_ _1\"></span>ore d\u2019uso \u00e8 d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ito sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>me<span class=\"_ _1\"></span>dio p<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofil<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to omo<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>neo, d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di<span class=\"_ _348\"> </span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>i \u2013 le c.d. <span class=\"ff12 ls8 ws3a\">cash genera<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> unit<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws4f\">) e da<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>ua<span class=\"_ _348\"> </span></span></span>dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne a<span class=\"_ _1\"></span>l ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a sua v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o su<span class=\"_ _1\"></span>cce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte, una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a su at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, vien<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>no o si r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>ce, il va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ell\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>ino a<span class=\"_ _1\"></span>lla nu<span class=\"_ _1\"></span>ova stim<span class=\"_ _1\"></span>a del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile e no<span class=\"_ _1\"></span>n pu<span class=\"_ _1\"></span>\u00f2 ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il val<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span>che s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato se no<span class=\"_ _1\"></span>n fos<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ta ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a alc<span class=\"_ _1\"></span>una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re. Il r<span class=\"_ _1\"></span>ipr<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ino di u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, \u00e8 iscr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>Beni in<span class=\"_ _0\"></span> leasing<span class=\"_ _348\"> </span>Un co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to \u00e8 un le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>, o con<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne un l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, se tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>a titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>el di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di un<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>specifico <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws105\">, pe<span class=\"_ _1\"></span>r un pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>o di temp<span class=\"_ _1\"></span>o, sta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>ito all\u2019origi<span class=\"_ _1\"></span>ne, in c<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>io di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo pat<span class=\"_ _1\"></span>tui<span class=\"_ _1\"></span>to, define<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span></span></span>le co<span class=\"_ _1\"></span>ndiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i d\u2019uso del<span class=\"_ _1\"></span>lo ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o e an<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ato, il ma<span class=\"_ _1\"></span>nteni<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la su<span class=\"_ _1\"></span>a ef<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a nel te<span class=\"_ _1\"></span>mpo.<span class=\"_ _348\"> </span>Con l\u2019adozion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019IFRS 16 la figur<span class=\"_ _1\"></span>a del L<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o sub<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di ri<span class=\"_ _1\"></span>lievo; non \u00e8 pi<span class=\"_ _1\"></span>\u00f9 tenu<span class=\"_ _1\"></span>to a dis<span class=\"_ _1\"></span>ting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>tra l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivo e le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, in qua<span class=\"_ _1\"></span>nto la di<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne tr<span class=\"_ _1\"></span>a le du<span class=\"_ _1\"></span>e tipo<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ie \u00e8 su<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>lla di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>tra c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g e co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi. Qu<span class=\"_ _1\"></span>indi s<span class=\"_ _1\"></span>e si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, a p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r\u00e0 un <span class=\"_ _7\"></span>uni<span class=\"_ _1\"></span>co<span class=\"_ _348\"> </span>modello contabile indipendente dalle<span class=\"_ _0\"></span> carat<span class=\"_ _1\"></span>teristiche del contratto stesso.<span class=\"_ _348\"> </span>I <span class=\"ff12 ws16\">R<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ht Of U<span class=\"_ _1\"></span>se</span><span class=\"ls7 wsa8\"> pi\u00f9 significativi che si determinano nel Gruppo Fiera Milano<span class=\"_ _0\"></span> in conseguenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>applicazione de<span class=\"_ _348\"> </span></span><span class=\"ls7 wsa8\">l<span class=\"_ _348\"> </span></span>pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipio I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _0\"></span>6 no<span class=\"_ _1\"></span>n gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a ind<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e d<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue la ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica d<span class=\"_ _1\"></span>el l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuata esclusivamente nell\u2019<span class=\"_ _6\"></span>ambito delle<span class=\"_ _0\"></span> CGU di appartenenza<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Controllo e<span class=\"_ _0\"></span> identi<span class=\"_ _1\"></span>ficabilit\u00e0 del bene<span class=\"_ _348\"> </span>Per st<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilir<span class=\"_ _1\"></span>e che il b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to sia in l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g o si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zio si tie<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>onto di d<span class=\"_ _1\"></span>ue el<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>sos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ali: il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o e l\u2019identi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ne i<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo <span class=\"_ _3\"></span>que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>to rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da la d<span class=\"_ _1\"></span>irez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>l lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io s<span class=\"_ _1\"></span>ull\u2019uso e l\u2019<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>benefici economici derivanti dall\u2019<span class=\"_ _6\"></span>utilizzo del bene, identificato<span class=\"_ _0\"></span>, oggetto del contratto.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da invec<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _12\"> </span>es<span class=\"_ _1\"></span>sa su<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>te ogn<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>lvolt<span class=\"_ _1\"></span>a un <span class=\"_ _12\"> </span>ass<span class=\"_ _1\"></span>et <span class=\"_ _12\"> </span>pu\u00f2 e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to in<span class=\"_ _348\"> </span>man<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ra un<span class=\"_ _1\"></span>ivoc<span class=\"_ _1\"></span>a, a p<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to che n<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ia pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ente u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuzi<span class=\"_ _1\"></span>one a f<span class=\"_ _1\"></span>avore de<span class=\"_ _1\"></span>l loc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, al qua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>are a<span class=\"_ _1\"></span>d avere il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>atar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ad<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ta un u<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>o mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>llo di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto e mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r tut<span class=\"_ _1\"></span>ti i l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di<span class=\"_ _348\"> </span>breve ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>d i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng di b<span class=\"_ _1\"></span>eni d<span class=\"_ _1\"></span>i mod<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o valo<span class=\"_ _1\"></span>re. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e le pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d\u2019uso che r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to ad u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e il be<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>i) At<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019us<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di in<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing (ci<span class=\"_ _1\"></span>o\u00e8 la d<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n cui l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>\u00e8 disp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r l\u2019uso). Le att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 pe<span class=\"_ _1\"></span>r il di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tto d\u2019uso s<span class=\"_ _1\"></span>ono m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te al co<span class=\"_ _1\"></span>sto, al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>acc<span class=\"_ _1\"></span>umu<span class=\"_ _1\"></span>lati e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re, e re<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>sia<span class=\"_ _1\"></span>si r<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 di le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng. Il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ri<span class=\"_ _1\"></span>levate, i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i inizi<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>e i pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019inizio a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiv<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>ti. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo o, se a<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>re, al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, com<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>se<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Imm<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ali <span class=\"_ _57\"> </span>da 1 a 1<span class=\"_ _0\"></span>2 ann<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Parc<span class=\"_ _1\"></span>o auto <span class=\"_ _206\"> </span>da 1 a 4 an<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span>Se il le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e la pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte al l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o al ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o s<span class=\"_ _1\"></span>e il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te il fat<span class=\"_ _1\"></span>to ch<span class=\"_ _1\"></span>e il lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>\u00e0 l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto, il<span class=\"_ _348\"> </span>loc<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io deve a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso da<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a fino a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla vi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>utile dell\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>ante.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a <span class=\"ff12 ls9 ws61\">Impairment<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws19\">. S<span class=\"_ _1\"></span>i rinv<span class=\"_ _1\"></span>ia a qu<span class=\"_ _1\"></span>anto in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ato al p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo 1<span class=\"_ _0\"></span>.6 \u201cUs<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>s<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>\u201d.<span class=\"_ _348\"> </span>ii) Passiv<span class=\"_ _0\"></span>it\u00e0 leg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> al leasin<span class=\"_ _6\"></span>g<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>eva le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>ole a<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ovuti p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng no<span class=\"_ _1\"></span>n an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ati a t<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>. I pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti dovu<span class=\"_ _1\"></span>ti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>enti fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>(comp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>si i pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fis<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a) al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di event<span class=\"_ _1\"></span>uali i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng da r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evere, i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>vari<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili di le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g che di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no da u<span class=\"_ _1\"></span>n ind<span class=\"_ _1\"></span>ice o u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o, e gli im<span class=\"_ _1\"></span>por<span class=\"_ _7\"></span>ti ch<span class=\"_ _1\"></span>e si p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>e dovr<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>ti a<span class=\"_ _348\"> </span>titol<span class=\"_ _1\"></span>o di ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>o. I paga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>no an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to se s<span class=\"_ _1\"></span>i \u00e8 rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i che t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>al G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo e i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti di p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>di risoluzione del leasing,<span class=\"_ _0\"></span> se la durata del leasing tiene cont<span class=\"_ _0\"></span>o dell\u2019<span class=\"_ _6\"></span>esercizio da parte del Gruppo dell\u2019<span class=\"_ _6\"></span>opzione di<span class=\"_ _348\"> </span>risoluzione del leasing stesso.<span class=\"_ _348\"> </span>I pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bili c<span class=\"_ _1\"></span>he no<span class=\"_ _1\"></span>n dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o da un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e o da u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>me co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span>nel p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do (sa<span class=\"_ _1\"></span>lvo ch<span class=\"_ _1\"></span>e non s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze) in cui s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>nto o la<span class=\"_ _348\"> </span>condizione che ha<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato i<span class=\"_ _0\"></span>l pagamento.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti dov<span class=\"_ _1\"></span>uti, il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o us<span class=\"_ _1\"></span>a il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>gina<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>di iniz<span class=\"_ _1\"></span>io se i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o d\u2019intere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>to non \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nab<span class=\"_ _1\"></span>ile f<span class=\"_ _1\"></span>acil<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te. Dop<span class=\"_ _1\"></span>o la d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, l\u2019imp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>la pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing s<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>er ten<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i sull<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rar<span class=\"_ _1\"></span>e i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uati. I<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>tre, il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ei d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing \u00e8 r<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato ne<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>di eventu<span class=\"_ _1\"></span>ali m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o p<span class=\"_ _1\"></span>er la r<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>mini c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r la mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>i pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti; \u00e8<span class=\"_ _348\"> </span>rideterminato<span class=\"_ _0\"></span>, altres\u00ec, in presenza di modifiche in<span class=\"_ _0\"></span> merito alla v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>opzione dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acquisto dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _348\"> </span>sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte o pe<span class=\"_ _1\"></span>r var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ei pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i che d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da u<span class=\"_ _1\"></span>na mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>ll\u2019indi<span class=\"_ _1\"></span>ce o de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span>determinare tali pagamenti.<span class=\"_ _348\"> </span>ii<span class=\"_ _1\"></span>i) Le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i br<span class=\"_ _1\"></span>eve dur<span class=\"_ _1\"></span>ata e l<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r la r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di br<span class=\"_ _1\"></span>eve dura<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>i mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri e<span class=\"_ _1\"></span>d at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ture (<span class=\"_ _1\"></span>i.e.,<span class=\"_ _348\"> </span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a dur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di 1<span class=\"_ _0\"></span>2 me<span class=\"_ _1\"></span>si o inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>izio e n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>opzio<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>isto).<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ha a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to ino<span class=\"_ _1\"></span>ltre l\u2019esenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e in ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto ai c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>d app<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio il c<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ore \u00e8 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato ba<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o. I ca<span class=\"_ _1\"></span>noni r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g a br<span class=\"_ _1\"></span>eve<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mine e a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sto valo<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>n quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>I con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte la<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o in ca<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i ris<span class=\"_ _1\"></span>chi e b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>bene sono classificati come leasing operativi. I prov<span class=\"_ _0\"></span>enti da leasing derivanti<span class=\"_ _0\"></span> da leasing operativi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>ril<span class=\"_ _1\"></span>evati in qu<span class=\"_ _1\"></span>ote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>anti l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o la du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng, e s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>usi t<span class=\"_ _1\"></span>ra r<span class=\"_ _1\"></span>icav<span class=\"_ _1\"></span>i nel c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o dat<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span>natura operativa. I costi i<span class=\"_ _0\"></span>niziali di negoz<span class=\"_ _0\"></span>iazione sono aggiunti al valore<span class=\"_ _0\"></span> contabile del bene locato e rile<span class=\"_ _0\"></span>vati in<span class=\"_ _0\"></span> base<span class=\"_ _348\"> </span>alla d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to su<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>ede<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ma ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roventi d<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one. A<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fit<span class=\"_ _1\"></span>ti n<span class=\"_ _1\"></span>on pr<span class=\"_ _1\"></span>eventi<span class=\"_ _1\"></span>vati so<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>avi ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie<span class=\"_ _348\"> </span>l\u2019IFRS 9 pr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>he qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ora s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ni no<span class=\"_ _1\"></span>n ven<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ate, gli s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se di e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i cri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Business Model definito dall\u2019<span class=\"_ _6\"></span>entit\u00e0 per la<span class=\"_ _0\"></span> gestione degli strumenti finanziari, e<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri.<span class=\"_ _348\"> </span></span>L<span class=\"_ _8\"></span>\u2019I<span class=\"_ _1\"></span>FRS 9 pr<span class=\"_ _1\"></span>evede t<span class=\"_ _1\"></span>re ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsd6\">at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>eten<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li (o Hel<span class=\"_ _1\"></span>d to Coll<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>t - Ht<span class=\"_ _1\"></span>C), valuta<span class=\"_ _1\"></span>te con il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span>costo ammortizzato<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws8b\">at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dete<span class=\"_ _1\"></span>nute s<span class=\"_ _1\"></span>ia pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li si<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te (o Both hel<span class=\"_ _1\"></span>d to col<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ct a<span class=\"_ _1\"></span>nd<span class=\"_ _348\"> </span></span>for s<span class=\"_ _1\"></span>ale - H<span class=\"_ _1\"></span>tC&amp;S) val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls3e wsa0\"> al conto economico (FV<span class=\"_ _1\"></span>TPL) o<span class=\"_ _0\"></span> conto economico complessiv<span class=\"_ _0\"></span>o (FVOCI)<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsf1\">alt<span class=\"_ _1\"></span>ri st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls37 wsfc\"> al conto economico<span class=\"_ _0\"></span>. Detta categoria residuale pu\u00f2<span class=\"_ _0\"></span> comprendere<span class=\"_ _348\"> </span></span></span>tut<span class=\"_ _1\"></span>ti i B<span class=\"_ _1\"></span>usi<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss Mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>Le attivit\u00e0 finanziarie sono inizialmente<span class=\"_ _0\"></span> rilevat<span class=\"_ _0\"></span>e al <span class=\"ff12 ls3 ws1a3\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls39 ws225\"> normalmente rappr<span class=\"_ _0\"></span>esentato<span class=\"_ _0\"></span> dal prezzo<span class=\"_ _0\"></span> della<span class=\"_ _348\"> </span></span><span class=\"ls39 ws225\"> </span>transa<span class=\"_ _1\"></span>zione, aumentato<span class=\"_ _0\"></span> degli oneri acces<span class=\"_ _1\"></span>sori all\u2019<span class=\"_ _6\"></span>acquisto stesso.<span class=\"_ _348\"> </span>Il cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta l<span class=\"_ _1\"></span>a migl<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite<span class=\"_ _348\"> </span> da tito<span class=\"_ _1\"></span>li di de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to e cre<span class=\"_ _1\"></span>diti, i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ente di r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re gli i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si lu<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i dete<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> del principio della competenza.<span class=\"_ _348\"> </span>Le valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ini<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>e veng<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uate al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato o al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e t<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span> modalit\u00e0 vengono applicate i<span class=\"_ _0\"></span>n base alla categoria di appartenenza dello strumento finanziario considerato.<span class=\"_ _348\"> </span>Riguardo alla classifica<span class=\"_ _1\"></span>zione delle passivit\u00e0 finanziarie, l\u2019<span class=\"_ _0\"></span>IFRS 9<span class=\"_ _0\"></span> prevede la regola generale per cui un<span class=\"_ _6\"></span>\u2019<span class=\"_ _0\"></span>entit\u00e0<span class=\"_ _348\"> </span> valu<span class=\"_ _1\"></span>ta le p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to amm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to usa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il meto<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>ll\u2019intere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo (co<span class=\"_ _1\"></span>me ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>deva<span class=\"_ _348\"> </span> pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te con l<span class=\"_ _1\"></span>o IAS 3<span class=\"_ _1\"></span>9). Rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>do al<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 mi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>, le eventua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span> di valore<span class=\"_ _0\"></span> sono imputate a cont<span class=\"_ _0\"></span>o economico par<span class=\"_ _1\"></span>tecipando, quindi,<span class=\"_ _0\"></span> alla determinazione del risultato d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ercizio<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span> tuttavia, qualora tali variazioni siano determinate da<span class=\"_ _0\"></span> un cambiamento del <span class=\"ff12 ls9 ws5b\">credit<span class=\"_ _0\"></span> risk<span class=\"ff6 ls7 wsf1\"> l<span class=\"_ _0\"></span>\u2019imputazione delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls9 ws5b\"><span class=\"ff6 ls7 wsf1\"> </span></span>del <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue</span><span class=\"ls7 ws34\"> av<span class=\"_ _1\"></span>viene a patrimonio netto<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te co<span class=\"_ _1\"></span>n l\u2019intento di ma<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ino a s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ate fr<span class=\"_ _1\"></span>a le at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _348\"> </span> cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e la sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a dod<span class=\"_ _1\"></span>ici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i e non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e sup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e. So<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span> amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to. Que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>\u2019ultimo \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nato ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>el t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo, ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto di<span class=\"_ _348\"> </span> eventu<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti o pr<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>i al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to per r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>irli l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o l\u2019intero p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di tem<span class=\"_ _1\"></span>po i<span class=\"_ _1\"></span>nterc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte fin<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> alla s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>ito di even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>I fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>el ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo di r<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span> dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _0\"></span> finanziaria.<span class=\"_ _0\"></span> Ad ogni<span class=\"_ _0\"></span> chiusura<span class=\"_ _0\"></span> di bil<span class=\"_ _0\"></span>ancio le<span class=\"_ _0\"></span> Societ\u00e0 appartenenti<span class=\"_ _0\"></span> al Gruppo v<span class=\"_ _6\"></span>alutano la recuperabil<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _348\"> </span> di ta<span class=\"_ _1\"></span>li cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti, a me<span class=\"_ _1\"></span>no ch<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n si inte<span class=\"_ _1\"></span>nda<span class=\"_ _348\"> </span> dis<span class=\"_ _1\"></span>met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rle e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>o do<span class=\"_ _1\"></span>dici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o, e valut<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>. Gli utili o l<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i da que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span> valutazione sono rilevat<span class=\"_ _0\"></span>i nelle altre componenti del cont<span class=\"_ _0\"></span>o economico comples<span class=\"_ _1\"></span>sivo,<span class=\"_ _0\"></span> accumulate in<span class=\"_ _0\"></span> una specifica<span class=\"_ _348\"> </span> ris<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>va di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>no a ch<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>se n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te, rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te o com<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue c<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>Partecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span>Rientrano nell\u2019<span class=\"_ _6\"></span>ambito di applicazione delle norme sulla classificazione e misurazione del principio IFRS 9<span class=\"_ _0\"></span> le<span class=\"_ _348\"> </span> par<span class=\"_ _1\"></span>tecipazioni aziona<span class=\"_ _1\"></span>rie escluse le interessenze azionarie in societ\u00e0 controllate<span class=\"_ _0\"></span>, collegate e a<span class=\"_ _0\"></span> controllo congiunto<span class=\"_ _348\"> </span> e der<span class=\"_ _1\"></span>ivat<span class=\"_ _1\"></span>i su di e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ch<span class=\"_ _1\"></span>e rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ino n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>one di s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o IAS 32. In ta<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e le<span class=\"_ _348\"> </span> par<span class=\"_ _1\"></span>tecipazioni sono misurate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\"> co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span></span></span>Le par<span class=\"_ _1\"></span>tecipazioni in societ\u00e0 collegate identificat<span class=\"_ _0\"></span>e come <span class=\"ff12 ls38 ws161\">joint ventu<span class=\"_ _1\"></span>re</span><span class=\"ls3 ws162\"> ven<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con il m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls3 ws162\"> </span>netto che prev<span class=\"_ _0\"></span>ede la rilev<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zione in una<span class=\"_ _0\"></span> specific<span class=\"_ _1\"></span>a voce nel<span class=\"_ _0\"></span> prospet<span class=\"_ _1\"></span>to del risultato<span class=\"_ _0\"></span> economico comple<span class=\"_ _1\"></span>ssivo della<span class=\"_ _348\"> </span> quot<span class=\"_ _1\"></span>a di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o dei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 sul<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ali vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ata u<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>flue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a notevole.<span class=\"_ _348\"> </span>Rimanenze<span class=\"_ _348\"> </span>Le ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore tr<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>osto di a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re ne<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo. Le r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze<span class=\"_ _348\"> </span> del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite p<span class=\"_ _1\"></span>revale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte da co<span class=\"_ _1\"></span>sti s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>si re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pete<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi,<span class=\"_ _348\"> </span> nonch\u00e9 da materiale di<span class=\"_ _0\"></span> consumo.<span class=\"_ _348\"> </span>Disponibilit\u00e0<span class=\"_ _0\"></span> liquide e<span class=\"_ _0\"></span> mezzi equiv<span class=\"_ _0\"></span>alenti<span class=\"_ _348\"> </span>Le dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ide e m<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>vale<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no il d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a, i d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri a v<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ria c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a prev<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>a non s<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a tre m<span class=\"_ _1\"></span>esi. L<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> liquide e mezzi equiv<span class=\"_ _0\"></span>alenti del rendiconto finanziario consolidato<span class=\"_ _0\"></span> corri<span class=\"_ _1\"></span>sponde a quella dello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"_ _348\"> </span>Attivit\u00e0 e passivit\u00e0 destinate alla v<span class=\"_ _0\"></span>endita<span class=\"_ _348\"> </span>Incl<span class=\"_ _1\"></span>udo<span class=\"_ _1\"></span>no l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 e l<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 (o gru<span class=\"_ _1\"></span>ppi d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 in dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>/<span class=\"ff12 ls6 ws162\">discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws17d\">) i<span class=\"_ _1\"></span>l cui va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls6 ws162\"><span class=\"ff6 ls3 ws17d\"> </span></span>contabile<span class=\"_ _0\"></span> sar\u00e0 recuperat<span class=\"_ _0\"></span>o principal<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> attraverso la<span class=\"_ _0\"></span> vendi<span class=\"_ _0\"></span>ta piuttost<span class=\"_ _0\"></span>o che<span class=\"_ _0\"></span> attraverso l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>utili<span class=\"_ _0\"></span>zzo conti<span class=\"_ _0\"></span>nuativ<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span>Perch\u00e8 ci\u00f2 si<span class=\"_ _0\"></span> verifichi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re rispettate le seguenti condizioni:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws46\">l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 (o gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>i in di<span class=\"_ _1\"></span>smi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e) devono e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>lle lo<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsbc\">la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a deve es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e, os<span class=\"_ _1\"></span>sia l<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 deve e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a in un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r la<span class=\"_ _348\"> </span></span><span class=\"fc4 wsbc\"> </span>lor<span class=\"_ _1\"></span>o dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one, d<span class=\"_ _1\"></span>evono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e sta<span class=\"_ _1\"></span>te av<span class=\"_ _1\"></span>viate l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>e un ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te, ed il c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> della vendita do<span class=\"_ _0\"></span>vrebbe essere previsto entro un<span class=\"_ _0\"></span> anno dalla data della classificazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate al<span class=\"_ _1\"></span>la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra il lo<span class=\"_ _1\"></span>ro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e net<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le e il re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivo <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> al<span class=\"_ _348\"> </span> net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si<span class=\"_ _1\"></span>a ric<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nell<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to, il p<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe al m<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>ella r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>In co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0 al<span class=\"_ _1\"></span>l\u2019IFRS 5, i da<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>e <span class=\"ff12 ls6 wsbc\">discontinued operation<span class=\"_ _0\"></span><span class=\"ff6 ls37 wsa0\"> vengono<span class=\"_ _0\"></span> presentati come segue:<span class=\"_ _0\"></span> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsd7\">in due specifiche voci<span class=\"_ _0\"></span> del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 wsd7\"> </span>alla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e Pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>inate a<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndit<span class=\"_ _1\"></span>a;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws210\">in una s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a voce d<span class=\"_ _1\"></span>el Pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivo co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato: Risu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ato net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio<span class=\"_ _348\"> </span></span><span class=\"fc4 ws210\"> </span>delle attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita.<span class=\"_ _348\"> </span>Patrimonio netto<span class=\"_ _348\"> </span>Azioni proprie<span class=\"_ _348\"> </span>Le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o por<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>te a rid<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le pe<span class=\"_ _1\"></span>r il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le e de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r l\u2019impor<span class=\"_ _7\"></span>to ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>In ap<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili I<span class=\"_ _1\"></span>AS/<span class=\"_ _1\"></span>IFRS, c<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>, l\u2019impor<span class=\"_ _7\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte in dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>ntre i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>o tra i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato a dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i. Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>a vendi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie, i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e e dell<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va sovr<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con c<span class=\"_ _1\"></span>ui si e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ido<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>to men<span class=\"_ _1\"></span>tre gli u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>/pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> der<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>nti da<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ltre r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ve, sen<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> sul c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o. Le a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>se c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r il ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>olo d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>/per<span class=\"_ _1\"></span>dite de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> state selezionat<span class=\"_ _0\"></span>e secondo il metodo F<span class=\"_ _0\"></span>IFO<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Sto<span class=\"_ _1\"></span>ck G<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nt<span class=\"_ _348\"> </span>Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to sta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>l\u2019IFRS 2 - Pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>u az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i, l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> delle <span class=\"_ _1\"></span><span class=\"ff12 ls3 ws1d\">s<span class=\"_ _1\"></span>toc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"ff6\"> (</span>fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">) all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u00e8 ri<span class=\"_ _1\"></span>levato inte<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte al c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o tra i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti del<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws1d\"><span class=\"ff6\"> </span></span>pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte tr<span class=\"_ _1\"></span>a la da<span class=\"_ _1\"></span>ta di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>se e in<span class=\"_ _348\"> </span> contropar<span class=\"_ _1\"></span>tita \u00e8 rilev<span class=\"_ _0\"></span>ata una riser<span class=\"_ _1\"></span>va di<span class=\"_ _0\"></span> patrimonio netto.<span class=\"_ _348\"> </span> La determinazione del <span class=\"ff12 ls3 ws121\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> delle <span class=\"ff12 ls3 ws121\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt</span> \u00e8 ef<span class=\"_ _1\"></span>fettuata alla data di<span class=\"_ _0\"></span> asse<span class=\"_ _1\"></span>gnazione delle stesse, riflettendo<span class=\"_ _348\"> </span> le condizioni di<span class=\"_ _0\"></span> mercato esistenti alla data<span class=\"_ _0\"></span> in questione.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i sia p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto un \u201cp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do di m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne\u201d ne<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span> (rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>ento di o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>) af<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 gli a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i dive<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>o titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i del d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, il cos<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nsi, d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nato<span class=\"_ _348\"> </span> sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te dell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, \u00e8 r<span class=\"_ _1\"></span>ilevato tr<span class=\"_ _1\"></span>a i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> di un c<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti lu<span class=\"_ _1\"></span>ngo il p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do in<span class=\"_ _1\"></span>terc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte tra l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>In ca<span class=\"_ _1\"></span>so di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one g<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni (c.d. \u201c<span class=\"ff12\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span></span><span class=\"ls7 wsc5\">\u201d<span class=\"_ _1\"></span>) al t<span class=\"_ _0\"></span>ermine del periodo di maturazione, viene<span class=\"_ _348\"> </span></span><span class=\"ls7 wsc5\"> </span>reg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rato il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te aume<span class=\"_ _1\"></span>nto di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Costi per<span class=\"_ _6\"></span> operazioni sul<span class=\"_ _0\"></span> capitale<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>uibi<span class=\"_ _1\"></span>li a op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i sul c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati a di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>De<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>, de<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i t<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>, ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti, gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ti e le al<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o inizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i al lo<span class=\"_ _1\"></span>ro <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span>. Suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span> al costo ammortiz<span class=\"_ _1\"></span>zato.<span class=\"_ _0\"></span> L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>eliminazione dei debiti dal bilancio a<span class=\"_ _0\"></span>vvie<span class=\"_ _1\"></span>ne quando sono state<span class=\"_ _0\"></span> estinte le obbligazioni<span class=\"_ _348\"> </span> finanzia<span class=\"_ _1\"></span>rie sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>anti.<span class=\"_ _348\"> </span>Le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, se c<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ol<span class=\"_ _1\"></span>tre do<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ci me<span class=\"_ _1\"></span>si, ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l fine di r<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so l\u2019utiliz<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o ta<span class=\"_ _1\"></span>le da r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>l den<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>o e i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> specifici connes<span class=\"_ _1\"></span>si alla passivit\u00e0. Gli interessi di attualizza<span class=\"_ _1\"></span>zione vengono classificati negli oneri finanziari.<span class=\"_ _348\"> </span>Strumenti derivati<span class=\"_ _348\"> </span>Il de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>to \u00e8 uno st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o o qua<span class=\"_ _1\"></span>ls<span class=\"_ _1\"></span>ias<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>tro c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to aven<span class=\"_ _1\"></span>te le se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he: <span class=\"ff12 ls37 wsa0\">(i)</span> il suo va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>a in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne al c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e, di un p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>rum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, di un<span class=\"_ _348\"> </span> pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i una m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ce, di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>io in val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, di un ind<span class=\"_ _1\"></span>ice d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zi, di un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e di t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si,<span class=\"_ _348\"> </span> di un me<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ito di cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ito o al<span class=\"_ _1\"></span>tra va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>ta; <span class=\"ff12 ls37 wsa0\">(<span class=\"_ _1\"></span>ii)</span> non ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e un inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e o, se<span class=\"_ _348\"> </span> ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto, \u00e8 infe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a que<span class=\"_ _1\"></span>llo c<span class=\"_ _1\"></span>he sa<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>bbe r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i tipi d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti da c<span class=\"_ _1\"></span>ui ci si a<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>reb<span class=\"_ _1\"></span>be un<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> simi<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e a ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i di fat<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato; <span class=\"ff12 ls39 ws92\">(iii)</span> sar<span class=\"_ _1\"></span>\u00e0 re<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>ato a dat<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a, v<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>cato c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> finanziario e conseguentemente viene adeguato al<span class=\"_ _0\"></span> <span class=\"ff12 ls3 ws174\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> a ogni fine esercizio.<span class=\"_ _0\"></span> Gli effet<span class=\"_ _1\"></span>ti dell\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _348\"> </span> sono rico<span class=\"_ _0\"></span>nosciuti<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Fondi<span class=\"_ _6\"></span> per rischi ed<span class=\"_ _6\"></span> oneri<span class=\"_ _348\"> </span>Gli a<span class=\"_ _1\"></span>cca<span class=\"_ _1\"></span>nton<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ati qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>eve far f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te a una ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> (le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le o im<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a) at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale, c<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da un eve<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato, il cui a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> e pe<span class=\"_ _1\"></span>r il cui a<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8 pro<span class=\"_ _1\"></span>bab<span class=\"_ _1\"></span>ile c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ar\u00e0 n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io l\u2019impi<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e. Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>e di im<span class=\"_ _1\"></span>pie<span class=\"_ _1\"></span>go di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span> vadano oltre<span class=\"_ _0\"></span> l\u2019<span class=\"_ _6\"></span>esercizio succe<span class=\"_ _1\"></span>ssivo l\u2019<span class=\"_ _6\"></span>obbligazione \u00e8 iscritta al valore attuale determinato attrav<span class=\"_ _0\"></span>erso l\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tualizza<span class=\"_ _1\"></span>zione<span class=\"_ _348\"> </span> dei fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si sc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tati a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>he ten<span class=\"_ _1\"></span>ga an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>to del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to del d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro e d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>I ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r i qua<span class=\"_ _1\"></span>li il ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di un<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 so<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>nto po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>le ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ito pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>fo su<span class=\"_ _348\"> </span> \u201cInfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va su ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate, imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ni e<span class=\"_ _1\"></span>d alt<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _1\"></span>\u201d e non s<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de a<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Debiti v<span class=\"_ _0\"></span>erso<span class=\"_ _0\"></span> banche ed<span class=\"_ _6\"></span> altre passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuti i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> de<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evuto a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> degli oneri access<span class=\"_ _1\"></span>ori di acquisizione del<span class=\"_ _0\"></span> finanziamento.<span class=\"_ _0\"></span> Dopo tale rilevazione iniziale<span class=\"_ _0\"></span> i finanziamenti vengono<span class=\"_ _348\"> </span> valu<span class=\"_ _1\"></span>tati c<span class=\"_ _1\"></span>on il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span>mite l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo. Il<span class=\"_ _348\"> </span> cos<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tene<span class=\"_ _1\"></span>ndo c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di em<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne e di o<span class=\"_ _1\"></span>gni eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to o pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span> al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>Benefici<span class=\"_ _0\"></span> ai dipendenti<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i in co<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro s<span class=\"_ _1\"></span>ono<span class=\"_ _348\"> </span> cos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dal T<span class=\"_ _0\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento di F<span class=\"_ _1\"></span>ine Ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to (<span class=\"_ _1\"></span>TFR<span class=\"_ _1\"></span>), discip<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>lla le<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>sla<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>na al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span> 21<span class=\"_ _6\"></span>20 del C<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ice C<span class=\"_ _1\"></span>ivil<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il TFR \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to, in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>o IAS 19, un piano a b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>finit<span class=\"_ _1\"></span>i, vale a di<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> di be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>lla fin<span class=\"_ _1\"></span>e del r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di lavor<span class=\"_ _1\"></span>o che c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _0\"></span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e fut<span class=\"_ _1\"></span>ura e p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le il<span class=\"_ _348\"> </span> Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o si fa c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e di i<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi. Co<span class=\"_ _1\"></span>me ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>9, il Gru<span class=\"_ _1\"></span>ppo u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a il<span class=\"_ _348\"> </span> Metodo della<span class=\"_ _0\"></span> Proiezione Unitaria del Credito<span class=\"_ _0\"></span> per determinare il valore<span class=\"_ _0\"></span> attuale delle obbligazioni e il relativ<span class=\"_ _0\"></span>o costo<span class=\"_ _348\"> </span> prev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di lavo<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente; qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to cal<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tive e<span class=\"_ _348\"> </span> compati<span class=\"_ _0\"></span>bili su<span class=\"_ _0\"></span> variabi<span class=\"_ _0\"></span>li demografiche<span class=\"_ _0\"></span> (tasso di<span class=\"_ _0\"></span> mortalit\u00e0, tasso di ro<span class=\"_ _0\"></span>tazione del personale<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span> finanziarie<span class=\"_ _0\"></span> (tasso di<span class=\"_ _348\"> </span> sc<span class=\"_ _1\"></span>onto, inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i dei l<span class=\"_ _1\"></span>ivelli r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i). Il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ileva la va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di uti<span class=\"_ _1\"></span>li e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span> (rimi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne) tr<span class=\"_ _1\"></span>a le al<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo. A se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma s<span class=\"_ _1\"></span>ulla p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span> a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 1\u00b0 genna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>07 il TFR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do \u00e8 de<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nato a<span class=\"_ _1\"></span>i fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one, a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>ia i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuito p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span> l\u2019Inps ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro, nel c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>so di im<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se ave<span class=\"_ _1\"></span>nti me<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i 50 dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti, pu<span class=\"_ _1\"></span>\u00f2 rim<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span>n a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente a qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> effet<span class=\"_ _1\"></span>tuato negli esercizi precedenti. I<span class=\"_ _0\"></span> dipendenti hanno avuto<span class=\"_ _0\"></span> la facolt\u00e0 di operare la scelta della destinazione del<span class=\"_ _348\"> </span> pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>io tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di fin<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to fin<span class=\"_ _1\"></span>o al 3<span class=\"_ _1\"></span>0 giug<span class=\"_ _1\"></span>no 20<span class=\"_ _1\"></span>07<span class=\"_ _348\"> </span>In rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a ci<span class=\"_ _1\"></span>\u00f2, la de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ote ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>e del T<span class=\"_ _1\"></span>FR ai fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro all\u2019I<span class=\"_ _1\"></span>nps c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _348\"> </span> che il T<span class=\"_ _1\"></span>FR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o sia c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>me u<span class=\"_ _1\"></span>n pia<span class=\"_ _1\"></span>no a c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti in qu<span class=\"_ _1\"></span>anto l\u2019<span class=\"_ _0\"></span>ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> \u00e8 rap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dal ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uti a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do p<span class=\"_ _1\"></span>ens<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne ov<span class=\"_ _1\"></span>vero a<span class=\"_ _1\"></span>ll\u2019In<span class=\"_ _1\"></span>ps. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _348\"> </span> rel<span class=\"_ _1\"></span>ativa a<span class=\"_ _1\"></span>l TFR pr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ntinu<span class=\"_ _1\"></span>a a ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o a be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti da val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>are s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> attuaria<span class=\"_ _1\"></span>li.<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci dovu<span class=\"_ _1\"></span>ti ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro n<span class=\"_ _1\"></span>on in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>el TFR ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e qua<span class=\"_ _1\"></span>ndo l\u2019imp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sa \u00e8 im<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, in mo<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>rovab<span class=\"_ _1\"></span>ile, a in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>re il r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span> di lavoro d<span class=\"_ _1\"></span>i un dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte o di un G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a del n<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto o e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro a s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>guito d<span class=\"_ _1\"></span>i una p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta pe<span class=\"_ _1\"></span>r in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>re di<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni vol<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span> es<span class=\"_ _1\"></span>ube<span class=\"_ _1\"></span>ri. I b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i dovu<span class=\"_ _1\"></span>ti ai di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro no<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>ocu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ll\u2019impre<span class=\"_ _1\"></span>sa b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> economici futuri e<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span>tanto v<span class=\"_ _0\"></span>engono rilev<span class=\"_ _0\"></span>ati immediatament<span class=\"_ _0\"></span>e come costo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>Riconoscimento dei rica<span class=\"_ _0\"></span>vi<span class=\"_ _348\"> </span>I ric<span class=\"_ _1\"></span>avi s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevati s<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>ndo s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>leto s<span class=\"_ _1\"></span>odd<span class=\"_ _1\"></span>isf<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ghi c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali e il c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> acquisisce<span class=\"_ _0\"></span> il cont<span class=\"_ _0\"></span>rollo d<span class=\"_ _0\"></span>ell\u2019<span class=\"_ _6\"></span>attivit\u00e0 t<span class=\"_ _0\"></span>rasferita. Sono<span class=\"_ _0\"></span> iscritti al <span class=\"ff12 ls3 ws8c\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>to o spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte, tenu<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws8c\"><span class=\"ff6\"> </span></span>con<span class=\"_ _1\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i sco<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si e r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni le<span class=\"_ _1\"></span>gate a<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi, il r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avo \u00e8 ric<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuto a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di ade<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one.<span class=\"_ _348\"> </span> Coe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to preve<span class=\"_ _1\"></span>de l\u2019IFRS 15 nei pa<span class=\"_ _1\"></span>r<span class=\"_ _6\"></span>.31 e se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti, i s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nti le m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e<span class=\"_ _348\"> </span> gli even<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti al c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nte le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e gli eve<span class=\"_ _1\"></span>nti, in q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span> il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i temp<span class=\"_ _1\"></span>o dur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il qua<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta l<span class=\"_ _1\"></span>a mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>r pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti. A<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente t<span class=\"_ _1\"></span>ali r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avi<span class=\"_ _348\"> </span> son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati in m<span class=\"_ _1\"></span>odo l<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>are n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne o evento i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto an<span class=\"_ _1\"></span>che l<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ieg<span class=\"_ _1\"></span>ate e i co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span> sostenuti sono distribuiti unifor<span class=\"_ _1\"></span>memente durante il loro sv<span class=\"_ _0\"></span>olgimento.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o \u00e8 pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bile c<span class=\"_ _1\"></span>he i c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i tota<span class=\"_ _1\"></span>li di un<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o i ric<span class=\"_ _1\"></span>avi tot<span class=\"_ _1\"></span>ali de<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e stes<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a,<span class=\"_ _348\"> </span> la pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sto co<span class=\"_ _1\"></span>n l\u2019iscr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n ap<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ito fon<span class=\"_ _1\"></span>do.<span class=\"_ _348\"> </span>Costi operativi<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivi a b<span class=\"_ _1\"></span>eni e s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi ve<span class=\"_ _1\"></span>ndu<span class=\"_ _1\"></span>ti o c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>uma<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio o p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _348\"> </span> ovve<span class=\"_ _1\"></span>ro qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do no<span class=\"_ _1\"></span>n si p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sa id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019utilit<span class=\"_ _1\"></span>\u00e0 fut<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Il co<span class=\"_ _1\"></span>sto de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>es\u00ec p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a, te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, i<span class=\"_ _348\"> </span> compensi agli amministratori, sia<span class=\"_ _0\"></span> di natura fissa che variabile.<span class=\"_ _348\"> </span>I costi che non soddisfano le<span class=\"_ _0\"></span> condizioni per la loro rile<span class=\"_ _0\"></span>vazione all\u2019<span class=\"_ _6\"></span>attivo patrimoniale sono imputati a<span class=\"_ _0\"></span> conto<span class=\"_ _348\"> </span> economico nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio di<span class=\"_ _0\"></span> sostenimento.<span class=\"_ _348\"> </span>Pro<span class=\"_ _0\"></span>venti<span class=\"_ _0\"></span> diversi<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e voce h<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dua<span class=\"_ _1\"></span>le e c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde t<span class=\"_ _1\"></span>ra gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i i ri<span class=\"_ _1\"></span>cavi p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i e sov<span class=\"_ _1\"></span>venz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Prov<span class=\"_ _0\"></span>enti e<span class=\"_ _0\"></span> oneri finanziari<span class=\"_ _348\"> </span>I proven<span class=\"_ _1\"></span>ti e gli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati c<span class=\"_ _1\"></span>on un c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>o temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a il re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to/<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>ere<span class=\"_ _348\"> </span> effet<span class=\"_ _1\"></span>tivo dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span>/passivi<span class=\"_ _1\"></span>t\u00e0 relativa.<span class=\"_ _348\"> </span>Imposte<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>dito so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te, pe<span class=\"_ _1\"></span>r ci<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>el re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito imp<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e in co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> alle a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uote e a<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i vig<span class=\"_ _1\"></span>enti n<span class=\"_ _1\"></span>ei Pae<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ei qu<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a. L<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>levate ne<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, ad e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>ne di qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve a voci dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ate o ac<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>tate a p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to,<span class=\"_ _348\"> </span> il cui e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le \u00e8 r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>uto dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti fr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span> bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io di at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e il l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>te fra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra in c<span class=\"_ _1\"></span>ui si<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bile l\u2019esiste<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span> imp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fi<span class=\"_ _1\"></span>sca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i qu<span class=\"_ _1\"></span>ali u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e tal<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>ldo a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo; il valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>n bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io \u00e8 og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di una ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i chiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te fisc<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>he ci s<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>de ven<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span> app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui t<span class=\"_ _1\"></span>ali di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti si re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>liqu<span class=\"_ _1\"></span>ote in vi<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>re o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i not<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> succes<span class=\"_ _1\"></span>siva emanazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span> dal<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>a au<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>t\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do vi \u00e8 u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le di c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Si ved<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato in m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ito al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 47<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>Operazioni in<span class=\"_ _6\"></span> valuta estera<span class=\"_ _348\"> </span>Le op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in val<span class=\"_ _1\"></span>uta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rate a<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> mon<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in valu<span class=\"_ _1\"></span>ta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tite al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o in e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> bilancio. Sono rile<span class=\"_ _0\"></span>vate<span class=\"_ _0\"></span> a conto economico le differenze cambio generate dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>tinzione di<span class=\"_ _0\"></span> poste monetarie o dalla<span class=\"_ _348\"> </span> lor<span class=\"_ _1\"></span>o conve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne a ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>a que<span class=\"_ _1\"></span>lli ai q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>te conve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> nell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o o in bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti. Le di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>enze c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te ne<span class=\"_ _1\"></span>gli on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i e ne<span class=\"_ _1\"></span>i proven<span class=\"_ _1\"></span>ti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Dividendi<span class=\"_ _348\"> </span>I ric<span class=\"_ _1\"></span>avi pe<span class=\"_ _1\"></span>r di<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to in cui s<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ge il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to p<span class=\"_ _1\"></span>er gl<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i a ric<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>e il pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, ch<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> normalmente corrispon<span class=\"_ _1\"></span>de alla data dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>as<span class=\"_ _1\"></span>semblea annuale dei soci che delibera sulla distribuzione<span class=\"_ _0\"></span> dei dividendi.<span class=\"_ _348\"> </span>Risultato<span class=\"_ _0\"></span> per azione<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (perdit<span class=\"_ _1\"></span>a) per azione base viene calcolato dividendo i<span class=\"_ _0\"></span>l risultato economico del Gruppo attribuibile agli<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>ie d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>er il n<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e in<span class=\"_ _348\"> </span> circolazione nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio,<span class=\"_ _0\"></span> escludendo le azioni proprie.<span class=\"_ _348\"> </span> L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (per<span class=\"_ _1\"></span>dita) per azione diluit<span class=\"_ _0\"></span>o si ottiene attraverso la rettifica della media ponderata delle azioni in circolazione,<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r tene<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>onto di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni o<span class=\"_ _1\"></span>rdin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie po<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>ali ave<span class=\"_ _1\"></span>nti ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dilu<span class=\"_ _1\"></span>itivo.<span class=\"_ _348\"> </span>1.6  <span class=\"_ _2\"></span>Uso di stime<span class=\"_ _348\"> </span>La reda<span class=\"_ _1\"></span>zione del bilancio in<span class=\"_ _0\"></span> applica<span class=\"_ _1\"></span>zione degli IFRS<span class=\"_ _0\"></span> richiede l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> e di assunzioni che hanno<span class=\"_ _348\"> </span> ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ori d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o e sull\u2019info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ativa re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tiva ad at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _348\"> </span> alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a del b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o. I ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati c<span class=\"_ _1\"></span>he si c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>tiver<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no po<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>bbe<span class=\"_ _1\"></span>ro di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rir<span class=\"_ _1\"></span>e da ta<span class=\"_ _1\"></span>li st<span class=\"_ _1\"></span>ime. L<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r ril<span class=\"_ _1\"></span>evare gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti pe<span class=\"_ _1\"></span>r r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi su c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti, g<span class=\"_ _1\"></span>li am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti, i b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici a<span class=\"_ _1\"></span>i dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, le i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e fon<span class=\"_ _1\"></span>di, no<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 le even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Le s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>e e le as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>ste<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te e gli ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di o<span class=\"_ _1\"></span>gni var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o rifl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si i<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span>Di seguito v<span class=\"_ _0\"></span>engono indicate le stime<span class=\"_ _0\"></span> pi\u00f9 significative<span class=\"_ _0\"></span> relative alla<span class=\"_ _0\"></span> reda<span class=\"_ _1\"></span>zione del bilancio perch\u00e9 compor<span class=\"_ _1\"></span>tano un<span class=\"_ _348\"> </span> elevato r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so a g<span class=\"_ _1\"></span>iudi<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi, a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e sti<span class=\"_ _1\"></span>me:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ls8 ws150\">perdita<span class=\"_ _6\"></span> di valo<span class=\"_ _0\"></span>re dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>avviamen<span class=\"_ _0\"></span>to<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws8e\">, che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to a ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 (<span class=\"ff12 ls38 ws13f\">i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test</span>) p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span></span></span><span class=\"ff12 fc4 ls8 ws150\"><span class=\"ff6 ls3 ws8e\"> </span></span>eventu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>enze p<span class=\"_ _1\"></span>i\u00f9 b<span class=\"_ _1\"></span>revi qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca r<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>de un<span class=\"_ _1\"></span>a sti<span class=\"_ _1\"></span>ma dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso d<span class=\"_ _1\"></span>ell\u2019unit<span class=\"_ _1\"></span>\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>ui \u00e8 at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uito l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto a su<span class=\"_ _1\"></span>a volt<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a sul<span class=\"_ _1\"></span>la sti<span class=\"_ _1\"></span>ma de<span class=\"_ _1\"></span>i flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tesi d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e su<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span> lor<span class=\"_ _1\"></span>o at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>d un ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so di s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to. La re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>ei val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>fro<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o con i<span class=\"_ _1\"></span>l mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>re tr<span class=\"_ _1\"></span>a il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _348\"> </span> del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e. Il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta \u00e8 l\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to ot<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>le da<span class=\"_ _1\"></span>lla ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di un\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>n una o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one f<span class=\"_ _1\"></span>ra p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> indi<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti i co<span class=\"_ _1\"></span>sti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdi v<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>nti o<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si al<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivo opp<span class=\"_ _1\"></span>ure d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>lo a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le IFRS<span class=\"_ _348\"> </span> 13<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff12 ls8 ws91\">Fair V<span class=\"_ _6\"></span>alue M<span class=\"_ _0\"></span>easurement<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws9b\">. Il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso \u00e8 defi<span class=\"_ _1\"></span>nito su<span class=\"_ _1\"></span>lla ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ell\u2019attua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 ws91\"><span class=\"ff6 ls3 ws9b\"> </span></span>del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to med<span class=\"_ _1\"></span>io po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofilo d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento o<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>eo, de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l ben<span class=\"_ _1\"></span>e (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>eni \u2013 l<span class=\"_ _1\"></span>e c.d. <span class=\"ff12 ls8 ws120\">cash gen<span class=\"_ _0\"></span>erating<span class=\"_ _6\"></span> unit<span class=\"ff6 ls3 ws3d\">) e dal<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span></span></span><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsfe gs219\">sua d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>ua vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile. O<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>ilevar<span class=\"_ _1\"></span>e che i p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>l <span class=\"ff12 ls9 wsab\">test<span class=\"_ _0\"></span> di impairmen<span class=\"_ _0\"></span>t<span class=\"ff6 ls3 ws3\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws131 gs21a\">si ba<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>ro n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a su a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>unz<span class=\"_ _1\"></span>ioni r<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to futu<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>te da<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws163 gs21b\">inc<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tez<span class=\"_ _1\"></span>ze. Co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte no<span class=\"_ _1\"></span>n si pu<span class=\"_ _1\"></span>\u00f2 es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to stim<span class=\"_ _1\"></span>ato.<span class=\"ws3\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws15 gs21c\">T<span class=\"_ _6\"></span>ali a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sunz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ino<span class=\"_ _1\"></span>ltre s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>tte a<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o e lun<span class=\"_ _1\"></span>go te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a sa<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ria<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws40 gs21d\">le<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mia di C<span class=\"_ _1\"></span>ovid<span class=\"_ _1\"></span>-<span class=\"_ _6\"></span>19 e agli ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onfli<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to ru<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-uc<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ino, c<span class=\"_ _1\"></span>on ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto in p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws105 gs21e\">temp<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ica d<span class=\"_ _1\"></span>i rito<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>o ai li<span class=\"_ _1\"></span>velli di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span>a. C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te non si p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws8c gs21f\">es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>reti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>anto s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ato. Il pia<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tato a c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>inua ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws8a gs220\">da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>gli A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo con<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>oni e d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs221\">sull\u2019<span class=\"_ _6\"></span>andamento economico<span class=\"_ _1\"></span>-finanziario del Gruppo.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs222\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws11\">Per<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>ita<span class=\"ff6\">, c<span class=\"_ _1\"></span>he ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r eventu<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span></span></span><span class=\"ff12 fc4 ws11\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa7 gs223\">pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ni o inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>i di <span class=\"ff12 ls39 ws92\">impair<span class=\"_ _1\"></span>ment</span>; det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>chie<span class=\"_ _1\"></span>de u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wse1 gs224\">stim<span class=\"_ _1\"></span>a dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso de<span class=\"_ _1\"></span>ll\u2019unit<span class=\"_ _1\"></span>\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i cui s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uite t<span class=\"_ _1\"></span>ali a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2a gs225\">sua vol<span class=\"_ _1\"></span>ta b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ata s<span class=\"_ _1\"></span>ull<span class=\"_ _1\"></span>a stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e sull<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ro at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs226\">di sconto adeguat<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs227\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws105\">At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"ff6\">, le qual<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evate a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a nuovo e de<span class=\"_ _1\"></span>lle al<span class=\"_ _1\"></span>tre<span class=\"_ _348\"> </span></span></span><span class=\"ff12 fc4 ws105\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wseb gs228\">dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nze tem<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ee, n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>ia p<span class=\"_ _1\"></span>rob<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ade<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ati ut<span class=\"_ _1\"></span>ili fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fro<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb1 gs229\">dei q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te e le dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze te<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>e potr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e utili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. U<span class=\"_ _1\"></span>na si<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>tiva val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsb5 gs22a\">discrezionale \u00e8 richiesta agli amministratori per det<span class=\"_ _0\"></span>erminare l\u2019<span class=\"_ _6\"></span>ammonta<span class=\"_ _1\"></span>re delle imposte<span class=\"_ _0\"></span> differ<span class=\"_ _1\"></span>ite attive<span class=\"_ _0\"></span> che<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws14 gs22b\">pos<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. N<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>re la ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit\u00e0 d<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs22c\">attive \u00e8 stat<span class=\"_ _0\"></span>o preso in considera<span class=\"_ _1\"></span>zione il piano delle<span class=\"_ _0\"></span> Societ\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs22d\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws14e\">Fond<span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi e<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri:<span class=\"ff6\"> la s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>ei fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi e<span class=\"_ _1\"></span>d on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ta fa<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ndo r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to alle<span class=\"_ _348\"> </span></span></span><span class=\"ff12 fc4 ws14e\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws101 gs22e\">migliori informazioni disponibili alla<span class=\"_ _0\"></span> data del presente bilancio compor<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> discrezionali<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa0 gs22f\">bas<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>a su d<span class=\"_ _1\"></span>ati sto<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>i ch<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>ito fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>o di co<span class=\"_ _1\"></span>nten<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>si o event<span class=\"_ _1\"></span>i, la cu<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws105 gs230\">ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i profi<span class=\"_ _1\"></span>li di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio e l<span class=\"_ _1\"></span>e cui s<span class=\"_ _1\"></span>time i<span class=\"_ _1\"></span>n ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>ze<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs231\">e complessit\u00e0 che potrebbero determinare variazioni nelle stime.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf6 gs232\">Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da l\u2019utiliz<span class=\"_ _1\"></span>zo di s<span class=\"_ _1\"></span>time s<span class=\"_ _1\"></span>ui ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i si r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>co p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo n<span class=\"_ _1\"></span>elle N<span class=\"_ _1\"></span>ote es<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ive e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws100 gs233\">inte<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i, men<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi si f<span class=\"_ _1\"></span>a rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>e mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>ri inf<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs234\">disponibili alla data<span class=\"_ _0\"></span> del bilancio.<span class=\"_ _348\"> </span></div><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs235\">1.7 <span class=\"_ _4f\"> </span>Informativa sulle attivit\u00e0 destinate alla vendita<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3f gs236\">In dat<span class=\"_ _1\"></span>a 9 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023 il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA<span class=\"_ _1\"></span>, f<span class=\"_ _1\"></span>ace<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to ai co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ati st<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>pa<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws163 gs237\">del 25 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>22, del 20 ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>o 2022 e de<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>3 ot<span class=\"_ _1\"></span>tobr<span class=\"_ _1\"></span>e 2022, ren<span class=\"_ _1\"></span>de n<span class=\"_ _1\"></span>oto di aver ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ovato la fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws14b gs238\">del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegi<span class=\"_ _1\"></span>ca c<span class=\"_ _1\"></span>on Fi<span class=\"_ _1\"></span>ere d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma Sp<span class=\"_ _1\"></span>A avente ad o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to una p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>hip vol<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>rea<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws156 gs239\">una comune piattaforma fieristica europe<span class=\"_ _1\"></span>a nel compar<span class=\"_ _1\"></span>to agro-alimentare. L<span class=\"_ _8\"></span>'<span class=\"_ _0\"></span>accordo prevede il conf<span class=\"_ _0\"></span>erime<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb2 gs23a\">del r<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da di Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo alla m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d\u201d<span class=\"_ _6\"></span>, p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io even<span class=\"_ _1\"></span>to esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>itivo n<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws96 gs23b\">set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re agr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-al<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so il q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>re di R<span class=\"_ _1\"></span>ho, ch<span class=\"_ _1\"></span>e vie<span class=\"_ _1\"></span>ne, di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs23c\">del 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 fra l<span class=\"_ _1\"></span>e At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tina<span class=\"_ _1\"></span>te alla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>. Al fi<span class=\"_ _1\"></span>ne di d<span class=\"_ _1\"></span>are e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e all\u2019oper<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 prev<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta la<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd8 gs23d\">sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n aum<span class=\"_ _1\"></span>ento di c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>n Fie<span class=\"_ _1\"></span>re di Par<span class=\"_ _1\"></span>ma r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vato a Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA ch<span class=\"_ _1\"></span>e, a pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>fez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs23e\">dell\u2019<span class=\"_ _6\"></span>opera<span class=\"_ _1\"></span>zione, deterr\u00e0 una partecipazione pari al 1<span class=\"_ _6\"></span>8,5<span class=\"_ _0\"></span>% nel capitale sociale di Fiere di<span class=\"_ _0\"></span> Parma.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws185 gs23f\">Att<span class=\"_ _1\"></span>raver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o la su<span class=\"_ _1\"></span>dde<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne le Pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti s<span class=\"_ _1\"></span>i po<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no l\u2019<span class=\"_ _0\"></span>obi<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo d<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e una nu<span class=\"_ _1\"></span>ova pia<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>afo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws149 gs240\">mult<span class=\"_ _1\"></span>ipo<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a da \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>tofo<span class=\"_ _1\"></span>od p<span class=\"_ _1\"></span>owere<span class=\"_ _1\"></span>d by Cibu<span class=\"_ _1\"></span>s\u201d a Mila<span class=\"_ _1\"></span>no, ch<span class=\"_ _1\"></span>e si po<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>me evento di m<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd4 gs241\">inter<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ale c<span class=\"_ _1\"></span>he, ol<span class=\"_ _1\"></span>tre a s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>re la fil<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a do<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>, sia d<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r un<span class=\"_ _1\"></span>a pla<span class=\"_ _1\"></span>tea e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>iva pr<span class=\"_ _1\"></span>ovenie<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsa6 gs242\">da tutti i P<span class=\"_ _0\"></span>aesi leader nelle produzioni agroalimentari, competendo cos\u00ec con le<span class=\"_ _0\"></span> omologhe manifesta<span class=\"_ _1\"></span>zioni europee,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3f gs243\">e da \"Cibu<span class=\"_ _1\"></span>s\" a Parma<span class=\"_ _1\"></span>, even<span class=\"_ _1\"></span>to ico<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r il Ma<span class=\"_ _1\"></span>de In It<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>y alim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re di e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a e pe<span class=\"_ _1\"></span>r i su<span class=\"_ _1\"></span>oi ter<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i. Gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zie a<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsef gs244\">sin<span class=\"_ _1\"></span>erg<span class=\"_ _1\"></span>ie tr<span class=\"_ _1\"></span>a Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA e Fi<span class=\"_ _1\"></span>ere d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma le d<span class=\"_ _1\"></span>ue ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o in gr<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>o di sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re il p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws89 gs245\">pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto of<span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do un s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to str<span class=\"_ _1\"></span>ateg<span class=\"_ _1\"></span>ico e p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte al M<span class=\"_ _1\"></span>ade i<span class=\"_ _1\"></span>n Ita<span class=\"_ _1\"></span>ly ag<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>-a<span class=\"_ _1\"></span>lime<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>are e, i<span class=\"_ _1\"></span>n ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs246\">al sist<span class=\"_ _0\"></span>ema Itali<span class=\"_ _0\"></span>a.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws21f gs247\">Ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>ll\u2019IFRS 5 \u201c<span class=\"_ _0\"></span>At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te\u201d<span class=\"_ _6\"></span>, le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws138 gs248\">ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r la ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tate r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ate me<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>nte l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne in u<span class=\"_ _1\"></span>n uni<span class=\"_ _1\"></span>co im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws11f gs249\">conto economico alla v<span class=\"_ _0\"></span>oce \u201cRisultato netto dell\u2019<span class=\"_ _6\"></span>esercizio delle attivit\u00e0 destinate<span class=\"_ _0\"></span> alla vendita<span class=\"_ _0\"></span>\u201d<span class=\"_ _6\"></span>, mentre i v<span class=\"_ _0\"></span>alori<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs24a\">patrimoniali sono rappresentati nelle righe \u201c<span class=\"_ _6\"></span>Attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _0\"></span> e \u201cPassivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _348\"> <span class=\"_ _348\"> </span></span><span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></div>Di seguito si e<span class=\"_ _0\"></span>videnzia in dettaglio il cont<span class=\"_ _0\"></span>o economico e la situazione patrimoniale delle attivit\u00e0 destinate<span class=\"_ _0\"></span> alla vendita:<span class=\"_ _348\"> </span> Conto economico a<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tivit\u00e0 destinate alla v<span class=\"_ _0\"></span>endita<span class=\"_ _348\"> </span>(migliaia di euro) <span class=\"_ _207\"> </span><span class=\"ff1 fs2 fc0\">2022<span class=\"_ _6e\"> </span><span class=\"fc4\">2021<span class=\"_ _348\"> </span></span></span>Ricavi delle vendite e delle prestazioni<span class=\"_ _103\"> </span><span class=\"fc0\">-<span class=\"_ _fb\"> </span></span>7.454<span class=\"_ _348\"> </span>di cui parti correlate<span class=\"_ _1b1\"> </span><span class=\"ff6 fc0\">-<span class=\"_ _16c\"> </span><span class=\"fc4\"> </span></span>21<span class=\"ff6\"> </span>Totale ricavi<span class=\"_ _208\"> </span><span class=\"ff6\">-<span class=\"_ _41\"> </span></span><span class=\"fc4\">7.454<span class=\"_ _348\"> </span></span>Costi per materiali<span class=\"_ _209\"> </span><span class=\"fc0\">-<span class=\"_ _7c\"> </span></span>17<span class=\"_ _348\"> </span>Costo per servizi<span class=\"_ _20a\"> </span><span class=\"fc0\">-<span class=\"_ _41\"> </span></span>3.140<span class=\"_ _348\"> </span>di cui parti correlate<span class=\"_ _1b1\"> </span><span class=\"ff6 fc0\">-<span class=\"_ _186\"> </span></span><span class=\"ff1\"> </span>301<span class=\"ff1\"> </span>Costi per godimento di beni di terzi<span class=\"_ _1cc\"> </span><span class=\"fc0\">-<span class=\"_ _1e8\"> </span></span>1<span class=\"_ _348\"> </span>Costi del personale<span class=\"_ _1bd\"> </span><span class=\"fc0\">-<span class=\"_ _26\"> </span></span>769<span class=\"_ _348\"> </span>Altre spese operative<span class=\"_ _20b\"> </span><span class=\"fc0\">-<span class=\"_ _7c\"> </span></span>99<span class=\"_ _348\"> </span>Totale Costi Operativi<span class=\"_ _20c\"> </span><span class=\"ff6\">-<span class=\"_ _41\"> </span></span><span class=\"fc4\">4.026<span class=\"_ _348\"> </span></span>Risultato netto dell'esercizio delle attivit\u00e0 destinate alla vendita<span class=\"_ _20d\"> </span><span class=\"ff6\">-<span class=\"_ _41\"> </span></span><span class=\"fc4\">3.428<span class=\"_ _348\"> </span></span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21 il risu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 des<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>ate all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> a 4.60<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro e s<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r 3.428 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l ram<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivo al<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span> man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u201cT<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d\u201d e p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>72 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del r<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivo all<span class=\"_ _1\"></span>e tes<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span> ed<span class=\"_ _1\"></span>ito<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>li.<span class=\"_ _348\"> </span>Situa<span class=\"_ _1\"></span>zione patrimoniale attivit<span class=\"_ _1\"></span>\u00e0 destinate alla vendita<span class=\"_ _348\"> </span>(migliaia di euro) <span class=\"_ _207\"> </span><span class=\"ff1 fs2 fc0\">2022<span class=\"_ _6e\"> </span><span class=\"fc4\">2021<span class=\"_ _348\"> </span></span></span>ATTIVIT\u00c0<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _1cb\"> </span><span class=\"fc0\">6<span class=\"_ _1fa\"> </span></span>7<span class=\"_ _348\"> </span>Rimanenze<span class=\"_ _20e\"> </span><span class=\"fc0\">857<span class=\"_ _7c\"> </span></span>74<span class=\"_ _348\"> </span>di cui parti correlate<span class=\"_ _20f\"> </span><span class=\"fc0\"> 65 <span class=\"_ _83\"> </span></span> -<span class=\"_ _348\"> </span>Disponibilit\u00e0 liquide e mezzi equivalenti<span class=\"_ _d4\"> </span><span class=\"fc0\">1.809<span class=\"_ _7c\"> </span></span>48<span class=\"_ _348\"> </span>Totale attivit\u00e0 destinate alla vendita<span class=\"_ _1ee\"> </span>2.672<span class=\"_ _27\"> </span><span class=\"fc4\">129<span class=\"_ _348\"> </span></span>PASSIVIT\u00c0<span class=\"_ _348\"> </span>Fondi relativi al personale<span class=\"_ _210\"> </span><span class=\"fc0\">2<span class=\"_ _1e8\"> </span></span>2<span class=\"_ _348\"> </span>Acconti<span class=\"_ _211\"> </span><span class=\"fc0\">2.650<span class=\"_ _26\"> </span></span>106<span class=\"_ _348\"> </span>Altre passivit\u00e0<span class=\"_ _212\"> </span><span class=\"fc0\">20<span class=\"_ _7c\"> </span></span>21<span class=\"_ _348\"> </span>Totale passivit\u00e0 destinate alla vendita<span class=\"_ _10a\"> </span>2.672<span class=\"_ _27\"> </span><span class=\"fc4\">129<span class=\"_ _348\"> </span></span>Attivit\u00e0 nette destinate alla vendita<span class=\"_ _1d9\"> </span> -<span class=\"_ _1ca\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span>I flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>al r<span class=\"_ _1\"></span>amo d<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d\" sono i s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span>(migliaia di euro) <span class=\"_ _207\"> </span><span class=\"ff1 fs2 fc0\">2022<span class=\"_ _6e\"> </span><span class=\"fc4\">2021<span class=\"_ _348\"> </span></span></span>Flusso finanziario derivante dalla gestione operativa<span class=\"_ _22\"> </span>1.761<span class=\"_ _45\"> </span><span class=\"fc4\">-491<span class=\"_ _348\"> </span></span>Flusso finanziario derivante dalle attivit\u00e0 di investimento<span class=\"_ _213\"> </span> -<span class=\"_ _1c3\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span>Flusso derivante dalle attivit\u00e0 finanziarie<span class=\"_ _214\"> </span> -<span class=\"_ _1c3\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span>Flusso finanziario netto dell'esercizio da attivit\u00e0 destinate alla vendita<span class=\"_ _215\"> </span>1.761<span class=\"_ _45\"> </span><span class=\"fc4\">-491<span class=\"_ _348\"> </span></span><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs273\">2)  <span class=\"_ _36\"> </span>Informativa su <span class=\"ff4\">Joint venture </span>e Societ\u00e0 collegate<span class=\"_ _348\"> </span></div><div class=\"t m0 h77 ff4 fs8 fc0 sc0 ls3 ws3 gs274\">Joi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws3b gs275\">Il Gruppo detiene una partecipa<span class=\"_ _1\"></span>zione del 49<span class=\"_ _6\"></span>% in Hannover M<span class=\"_ _0\"></span>ilano Global Germany GmbH, contabilizzata con il<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs276\">meto<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to e su<span class=\"_ _1\"></span>lla qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a un c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollo c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>giu<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>n Deu<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>che M<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se AG.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5d gs277\">A se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to dell\u2019appli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi<span class=\"_ _1\"></span>o IFRS 1<span class=\"_ _6\"></span>1 <span class=\"ff12 ls8 wsde\">Joint<span class=\"_ _6\"></span> arr<span class=\"_ _1\"></span>angement<span class=\"_ _0\"></span>s<span class=\"ff6 ls3 ws5d\">, il Grup<span class=\"_ _1\"></span>po h<span class=\"_ _1\"></span>a valu<span class=\"_ _1\"></span>tato c<span class=\"_ _1\"></span>he il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 wsde\"><span class=\"ff6 ls3 ws5d\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws139 gs278\">controllo congiunto rappre<span class=\"_ _1\"></span>senta una <span class=\"ff12 ls38 ws126\">joi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e</span><span class=\"ls7 wsa8\">,<span class=\"_ _0\"></span> difatti le decisioni concerne<span class=\"_ _1\"></span>nti le attivit\u00e0 rilev<span class=\"_ _0\"></span>anti di Hanno<span class=\"_ _0\"></span>ver<span class=\"_ _348\"> </span></span><span class=\"ls7 wsa8\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws86 gs279\">Milano Global Germany Gmbh richiedono il consenso unanime delle parti, le quali non<span class=\"_ _0\"></span> vantano n\u00e9 diritti specifici<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs27a\">sulle singole attivit\u00e0 n\u00e9 obbligazioni sulle<span class=\"_ _0\"></span> singole passivit\u00e0 della societ\u00e0 dell\u2019<span class=\"_ _6\"></span>entit\u00e0 legale.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsad gs27b\">La q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a di pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po c<span class=\"_ _1\"></span>alc<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n bas<span class=\"_ _1\"></span>e ai r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati ot<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nuti n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsff gs27c\">dalle varie manifestazioni fieristiche, come previsto<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _6\"></span>accordo di <span class=\"ff12 ls38 wsa9\">joint vent<span class=\"_ _1\"></span>ure</span><span class=\"ls3 ws121\"> c<span class=\"_ _1\"></span>on De<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>he Me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se AG, \u00e8 de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span><span class=\"ls3 ws121\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls74 wsc7 gs27d\">4<span class=\"_ _1\"></span>0<span class=\"_ _7\"></span>,<span class=\"_ _7\"></span>2<span class=\"_ _1\"></span>4%<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws7d gs27e\">I valori patrimoniali<span class=\"_ _0\"></span> ed economic<span class=\"_ _1\"></span>i della <span class=\"ff12 ls38 ws5a\">joint ventur<span class=\"_ _1\"></span>e</span><span class=\"ls3 ws1d0\"> e la quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o so<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>iep<span class=\"_ _1\"></span>ilo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i nell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span><span class=\"ls3 ws1d0\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs27f\">tabelle seguen<span class=\"_ _0\"></span>ti:</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs280\"> (migliaia di euro)<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs281\">Hannover Milano Global Germany GmbH<span class=\"_ _10f\"> </span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs282\">Attivit\u00e0 correnti<span class=\"_ _216\"> </span><span class=\"fc0\">3.994<span class=\"_ _2e\"> </span></span> 2.972<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs283\">Attivit\u00e0 non correnti<span class=\"_ _1c9\"> </span><span class=\"fc0\"> 8.494 <span class=\"_ _3d\"> </span></span> 8.526<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs284\">Passivit\u00e0 correnti<span class=\"_ _1d3\"> </span><span class=\"fc0\"> 22.199 <span class=\"_ _3b\"> </span></span> 18.471<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs285\">Passivit\u00e0 non correnti<span class=\"_ _1ab\"> </span><span class=\"fc0\"> -<span class=\"_ _1ca\"> </span></span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs286\">Indebitamento finanziario netto<span class=\"_ _217\"> </span><span class=\"fc0\">-21.412<span class=\"_ _4a\"> </span></span>-21.617<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs287\">Patrimonio netto<span class=\"_ _218\"> </span> 11.701 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 14.644<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs288\">Valore contabile della <span class=\"ff4\">Joint Venture<span class=\"_ _78\"> </span></span> 5.836 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 6.977</span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs289\">Hannover Milano Global Germany GmbH<span class=\"_ _3a\"> </span> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs28a\">Totale ricavi e Altri proventi<span class=\"_ _219\"> </span><span class=\"fc0\"> 6.068 <span class=\"_ _3b\"> </span></span> 31.151<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs28b\">Totale costi operativi<span class=\"_ _1e7\"> </span><span class=\"fc0\">-9.706 <span class=\"_ _21a\"> </span></span>-24.577<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs28c\">Ammortamenti<span class=\"_ _21b\"> </span><span class=\"fc0\">-36 <span class=\"_ _166\"> </span></span>-370<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs28d\">Interessi attivi<span class=\"_ _21c\"> </span><span class=\"fc0\">269 <span class=\"_ _1fe\"> </span></span>216<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs28e\">Interessi passivi<span class=\"_ _21d\"> </span><span class=\"fc0\">-1 <span class=\"_ _83\"> </span></span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs28f\">Risultato prima delle imposte<span class=\"_ _47\"> </span>-3.406 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 6.420<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs290\">Imposte sul reddito<span class=\"_ _21e\"> </span><span class=\"fc0\">-637 <span class=\"_ _2e\"> </span></span>2.273<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs291\">Risultato netto dell\u2019esercizio<span class=\"_ _157\"> </span>-2.769 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 4.147<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs292\">Risultato netto dell\u2019esercizio attribuibile a Soci della Controllante<span class=\"_ _177\"> </span>-2.770 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 3.941<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs293\">Risultato di competenza del Gruppo<span class=\"_ _e3\"> </span>-1.131 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 1.586<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws84 gs295\">Il Gruppo detiene una partecipazione del 49%<span class=\"_ _0\"></span> in Ipack Ima<span class=\"_ _0\"></span> Srl, contabilizzata con il metodo del pat<span class=\"_ _0\"></span>rimonio netto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3e gs296\">e sull<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ta un c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo co<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>unto c<span class=\"_ _1\"></span>on UCIM<span class=\"_ _1\"></span>A (U<span class=\"_ _1\"></span>nio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>ani M<span class=\"_ _1\"></span>acc<span class=\"_ _1\"></span>hin<span class=\"_ _1\"></span>e Auto<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>che p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs297\">confezionamento e<span class=\"_ _0\"></span> l\u2019<span class=\"_ _0\"></span>imballaggio)<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws7d gs298\">I valori patrimoniali<span class=\"_ _0\"></span> ed economic<span class=\"_ _1\"></span>i della <span class=\"ff12 ls38 ws5a\">joint ventur<span class=\"_ _1\"></span>e</span><span class=\"ls3 ws1d0\"> e la quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o so<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>iep<span class=\"_ _1\"></span>ilo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i nell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span><span class=\"ls3 ws1d0\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs299\">tabelle seguen<span class=\"_ _0\"></span>ti:</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs29a\"> (migliaia di euro)<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs29b\">Ipack Ima Srl<span class=\"_ _1c7\"> </span> 31/12/22 <span class=\"_ _9e\"> </span><span class=\"fc4\"> 31/12/21<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs29c\">Attivit\u00e0 correnti<span class=\"_ _21f\"> </span><span class=\"fc0\"> 1.137 <span class=\"_ _3d\"> </span></span> 4.285<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs29d\">Attivit\u00e0 non correnti<span class=\"_ _1c9\"> </span><span class=\"fc0\"> 4.580 <span class=\"_ _3d\"> </span></span> 4.808<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs29e\">Passivit\u00e0 correnti<span class=\"_ _1d4\"> </span><span class=\"fc0\"> 1.314 <span class=\"_ _3d\"> </span></span> 6.256<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs29f\">Passivit\u00e0 non correnti<span class=\"_ _220\"> </span><span class=\"fc0\"> 192 <span class=\"_ _6e\"> </span></span> 223<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a0\">Indebitamento finanziario netto<span class=\"_ _1d6\"> </span><span class=\"fc0\">-1.311 <span class=\"_ _1fe\"> </span></span>259<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2a1\">Patrimonio netto<span class=\"_ _20c\"> </span> 5.522 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 2.355<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2a2\">Valore contabile della<span class=\"ff4\"> Joint Venture<span class=\"_ _78\"> </span></span> 2.706 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 1.154</span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2a3\">Ipack Ima Srl<span class=\"_ _1ba\"> </span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a4\">Totale ricavi e Altri proventi<span class=\"_ _221\"> </span><span class=\"fc0\"> 14.971 <span class=\"_ _3d\"> </span></span> 1.067<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a5\">Totale costi operativi<span class=\"_ _222\"> </span><span class=\"fc0\">-11.502 <span class=\"_ _67\"> </span></span>-1.755<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a6\">Ammortamenti e svalutazioni<span class=\"_ _1cb\"> </span><span class=\"fc0\">-299 <span class=\"_ _166\"> </span></span>-294<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a7\">Interessi attivi<span class=\"_ _223\"> </span><span class=\"fc0\"> -<span class=\"_ _1c3\"> </span></span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2a8\">Interessi passivi<span class=\"_ _224\"> </span><span class=\"fc0\">-20 <span class=\"_ _225\"> </span></span>-25<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2a9\">Risultato prima delle imposte<span class=\"_ _226\"> </span>3.150 <span class=\"_ _227\"> </span><span class=\"fc4\">-1.007<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2aa\">Imposte sul reddito<span class=\"_ _1ab\"> </span><span class=\"fc0\">898 <span class=\"_ _af\"> </span></span>-488<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2ab\">Risultato netto dell\u2019esercizio<span class=\"_ _1cc\"> </span>2.252 <span class=\"_ _166\"> </span><span class=\"fc4\">-519<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2ac\">Risultato di competenza del Gruppo<span class=\"_ _c3\"> </span>1.103 <span class=\"_ _166\"> </span><span class=\"fc4\">-255<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws23 gs2ad\">Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne, in<span class=\"_ _1\"></span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte tra<span class=\"_ _1\"></span>mite Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no C<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i SpA<span class=\"_ _1\"></span>, u<span class=\"_ _1\"></span>na pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>l 5<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>% in MiCo D<span class=\"_ _1\"></span>MC<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws3f gs2ae\">Srl, inizialmente consolidata col metodo integral<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5f gs2af\">In dat<span class=\"_ _1\"></span>a 4 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 201<span class=\"_ _0\"></span>8 \u00e8 st<span class=\"_ _1\"></span>ato mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>cato l\u2019accor<span class=\"_ _1\"></span>do di <span class=\"ff12 ls8 wsb9\">governan<span class=\"_ _0\"></span>ce,<span class=\"ff6 ls3 ws5f\"> rigua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>ante Mi<span class=\"_ _1\"></span>Co D<span class=\"_ _1\"></span>MC Sr<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>n il pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tn<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 wsb9\"><span class=\"ff6 ls3 ws5f\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws47 gs2b0\">AIM Group Int<span class=\"_ _0\"></span>ernational SpA<span class=\"_ _1\"></span>, definendo una maggiore condivisione nelle<span class=\"_ _0\"></span> scelte per la gestione dell\u2019<span class=\"_ _6\"></span>attivit\u00e0. In<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws55 gs2b1\">app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IFRS 1<span class=\"_ _6\"></span>1 ta<span class=\"_ _1\"></span>li ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdi q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o la so<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e <span class=\"ff12\">joi<span class=\"_ _1\"></span>nt ve<span class=\"_ _1\"></span>ntur<span class=\"_ _1\"></span>e </span>e, a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ire da<span class=\"_ _1\"></span>l dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 201<span class=\"_ _0\"></span>8,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs2b2\">determinano la v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>zione della partecipa<span class=\"_ _1\"></span>zione con il met<span class=\"_ _0\"></span>odo del patrimonio netto<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs2b4\">I valori patrimoniali<span class=\"_ _0\"></span> della <span class=\"ff12 ls38 ws11\">joint vent<span class=\"_ _1\"></span>ure</span><span class=\"ls3 ws3\"> e la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a di pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>epi<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>lle t<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti:</span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs2b5\"> (migliaia di euro)<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2b6\">MiCo DMC Srl<span class=\"_ _87\"> </span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2b7\">Attivit\u00e0 correnti<span class=\"_ _21f\"> </span><span class=\"fc0\"> 4.305 <span class=\"_ _6e\"> </span></span> 914<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2b8\">Attivit\u00e0 non correnti<span class=\"_ _21e\"> </span><span class=\"fc0\"> 377 <span class=\"_ _6e\"> </span></span> 332<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2b9\">Passivit\u00e0 correnti<span class=\"_ _1d4\"> </span><span class=\"fc0\"> 5.735 <span class=\"_ _3d\"> </span></span> 1.637<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2ba\">Passivit\u00e0 non correnti<span class=\"_ _220\"> </span><span class=\"fc0\"> 183 <span class=\"_ _6e\"> </span></span> 211<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2bb\">Indebitamento finanziario netto<span class=\"_ _1d6\"> </span><span class=\"fc0\">-2.535 <span class=\"_ _af\"> </span></span>-951<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2bc\">Patrimonio netto<span class=\"_ _20c\"> </span> 1.299 <span class=\"_ _228\"> </span><span class=\"fc4\"> 349<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2bd\">Valore contabile della<span class=\"ff4\"> Joint Venture<span class=\"_ _cb\"> </span></span> 662 <span class=\"_ _228\"> </span><span class=\"fc4\"> 178</span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2be\">MiCo DMC Srl<span class=\"_ _216\"> </span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2bf\">Totale ricavi e Altri proventi<span class=\"_ _221\"> </span><span class=\"fc0\"> 14.000 <span class=\"_ _3d\"> </span></span> 3.155<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2c0\">Totale costi operativi<span class=\"_ _222\"> </span><span class=\"fc0\">-13.039 <span class=\"_ _227\"> </span></span>-3.470<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2c1\">Ammortamenti e svalutazioni<span class=\"_ _147\"> </span><span class=\"fc0\">-13 <span class=\"_ _225\"> </span></span>-12<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2c2\">Interessi passivi<span class=\"_ _224\"> </span><span class=\"fc0\">-34 <span class=\"_ _225\"> </span></span>-22<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2c3\">Risultato prima delle imposte<span class=\"_ _229\"> </span>914 <span class=\"_ _166\"> </span><span class=\"fc4\">-349<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2c4\">Imposte sul reddito<span class=\"_ _77\"> </span><span class=\"fc0\"> 265 <span class=\"_ _af\"> </span></span>-105<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2c5\">Risultato netto dell\u2019esercizio<span class=\"_ _ac\"> </span>649 <span class=\"_ _166\"> </span><span class=\"fc4\">-244<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2c6\">Risultato di competenza del Gruppo<span class=\"_ _22a\"> </span>331 <span class=\"_ _166\"> </span><span class=\"fc4\">-124<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws91 gs2c7\">Non sussistono passivit\u00e0 potenziali o<span class=\"_ _0\"></span> impegni significativi relativi alla<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipa<span class=\"_ _1\"></span>zione della Societ\u00e0 Capogruppo<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs2c8\">nelle <span class=\"ff12 ls38 ws11\">joint ventur<span class=\"_ _1\"></span>e</span><span class=\"ls3 ws3\"> al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 e 2021<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h77 ff4 fs8 fc0 sc0 ls3e ws3c gs2c9\">So<span class=\"_ _1\"></span>ciet<span class=\"_ _1\"></span>\u00e0 col<span class=\"_ _1\"></span>legate<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws31 gs2ca\">In data 2<span class=\"_ _0\"></span>3 nov<span class=\"_ _0\"></span>embre 2022 <span class=\"_ _3\"></span>\u00e8 stata per<span class=\"_ _1\"></span>fezionata l\u2019<span class=\"_ _6\"></span>acquisizione da parte di Fiera Mi<span class=\"_ _0\"></span>lano di una partecipa<span class=\"_ _1\"></span>zione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs2cb\">par<span class=\"_ _1\"></span>i al 25<span class=\"_ _0\"></span>% de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e soc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le di G<span class=\"_ _1\"></span>e.Fi. S.p.<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>., playe<span class=\"_ _1\"></span>r it<span class=\"_ _1\"></span>alia<span class=\"_ _1\"></span>no l<span class=\"_ _1\"></span>ead<span class=\"_ _1\"></span>er n<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di fie<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span>d es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd9 gs2cc\">com<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ali, t<span class=\"_ _1\"></span>ra le q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i Ar<span class=\"_ _7\"></span>tig<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o in Fie<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>, os<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte da Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o la pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ia ve<span class=\"_ _1\"></span>nue di R<span class=\"_ _1\"></span>ho.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws128 gs2cd\">Ge.Fi.<span class=\"_ _0\"></span> SpA detiene il<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>00% della<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipa<span class=\"_ _1\"></span>zione in M<span class=\"_ _0\"></span>i-View Srl che<span class=\"_ _0\"></span> si occupa della gestione dell\u2019<span class=\"_ _6\"></span>omonimo<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2ce\">ris<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>ante s<span class=\"_ _1\"></span>ito pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so la to<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>e del Wor<span class=\"_ _1\"></span>ld Jo<span class=\"_ _1\"></span>in Ce<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>r a Mila<span class=\"_ _1\"></span>no.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws168 gs2cf\">L<span class=\"_ _8\"></span>\u2019iniz<span class=\"_ _1\"></span>iati<span class=\"_ _1\"></span>va si in<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>ce n<span class=\"_ _1\"></span>el fr<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ewor<span class=\"_ _1\"></span>k str<span class=\"_ _1\"></span>ateg<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o prev<span class=\"_ _1\"></span>isto n<span class=\"_ _1\"></span>el pi<span class=\"_ _1\"></span>ano \u201c<span class=\"_ _1\"></span>CON<span class=\"_ _1\"></span>N.E.C.<span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>. 2025\u201d<span class=\"_ _6\"></span>, volto a con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>re l<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws56 gs2d0\">relazione di Fiera Milano con gl<span class=\"_ _0\"></span>i organizzatori chiave delle<span class=\"_ _0\"></span> manifesta<span class=\"_ _1\"></span>zioni ospitate appartenenti alle principali<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsfa gs2d1\">filie<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l tes<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>ano, a<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>nte op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni sul c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le, p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do il du<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ce fin<span class=\"_ _1\"></span>e di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2d2\">acc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ere l<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>ofit<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 e d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ire c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>nze ch<span class=\"_ _1\"></span>iave.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2b gs2d3\">Il co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo, fiss<span class=\"_ _1\"></span>ato a 1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>.7<span class=\"_ _0\"></span>50 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, \u00e8 s<span class=\"_ _1\"></span>tato c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sto al c<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g con r<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sa d<span class=\"_ _1\"></span>a par<span class=\"_ _7\"></span>te<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws98 gs2d4\">di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o. \u00c8 previ<span class=\"_ _1\"></span>sto un e<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>n-<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ut, d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i a se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to dell\u2019approva<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio 20<span class=\"_ _1\"></span>25 di Ge.Fi.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws104 gs2d5\">SpA, in ragione del raggiungimento d<span class=\"_ _0\"></span>i specifici obiet<span class=\"_ _1\"></span>tivi stabiliti nel<span class=\"_ _0\"></span> Business Plan dell\u2019<span class=\"_ _6\"></span>acquisita. Sono inoltre<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws98 gs2d6\">prev<span class=\"_ _1\"></span>iste d<span class=\"_ _1\"></span>elle f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>me di tu<span class=\"_ _1\"></span>tela d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a par<span class=\"_ _7\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a da Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no in l<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>n le pr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs2d7\">mercato.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd4 gs2d8\">Il v<span class=\"_ _0\"></span>alore iniziale della partecipazione cor<span class=\"_ _1\"></span>risponde all\u2019<span class=\"_ _0\"></span>impor<span class=\"_ _1\"></span>to corrisposto a pronti e<span class=\"_ _0\"></span> al valore attualizzato dell\u2019<span class=\"_ _6\"></span>earn-<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2d9\">out<span class=\"_ _1\"></span>, il cui r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto \u00e8 ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to pro<span class=\"_ _1\"></span>bab<span class=\"_ _1\"></span>ile.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws127 gs2da\">La par<span class=\"_ _1\"></span>tecipa<span class=\"_ _1\"></span>zione \u00e8 contabilizzata nel bilancio consolidato<span class=\"_ _0\"></span> utilizzando il metodo del pat<span class=\"_ _0\"></span>rimonio netto e la quota<span class=\"_ _0\"></span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2db\">di ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o 2022 \u00e8 pa<span class=\"_ _1\"></span>ri a 163 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2dd\">La s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nte ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>iep<span class=\"_ _1\"></span>ilo<span class=\"_ _1\"></span>ga le i<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ll\u2019investi<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to del G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o in Ge.<span class=\"_ _1\"></span>Fi. SpA<span class=\"_ _1\"></span>:</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs2de\"> (migliaia di euro)<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2df\">Ge.Fi. SpA<span class=\"_ _22b\"> </span> 23/11/22<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e0\">Attivit\u00e0 correnti<span class=\"_ _22c\"> </span><span class=\"fc0\">10.217<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e1\">Attivit\u00e0 non correnti<span class=\"_ _22d\"> </span><span class=\"fc0\">11.350<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e2\">Passivit\u00e0 correnti<span class=\"_ _22e\"> </span><span class=\"fc0\">7.906<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e3\">Passivit\u00e0 non correnti<span class=\"_ _22f\"> </span><span class=\"fc0\">2.636<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e4\">Indebitamento finanziario netto<span class=\"_ _1a3\"> </span><span class=\"fc0\">-614<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2e5\">Patrimonio netto<span class=\"_ _230\"> </span>11.639<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2e6\">Patrimonio netto di competenza del Gruppo<span class=\"_ _1da\"> </span> 2.910<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2e7\">Avviamento<span class=\"_ _231\"> </span><span class=\"fc0\"> 10.516<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2e8\">Valore di carico della Collegata<span class=\"_ _21d\"> </span> 13.426 </div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs2e9\"> (migliaia di euro)<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2ea\">Ge.Fi. SpA<span class=\"_ _232\"> </span> 2022<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2eb\">Totale ricavi e Altri proventi<span class=\"_ _233\"> </span><span class=\"fc0\"> 16.636<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2ec\">Totale costi operativi<span class=\"_ _234\"> </span><span class=\"fc0\">-14.333<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2ed\">Ammortamenti e svalutazioni<span class=\"_ _235\"> </span><span class=\"fc0\">-1.312<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2ee\">Interessi attivi<span class=\"_ _236\"> </span><span class=\"fc0\">47<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2ef\">Interessi passivi<span class=\"_ _237\"> </span><span class=\"fc0\">-240<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2f0\">Risultato prima delle imposte<span class=\"_ _19b\"> </span>798<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs2f1\">Imposte sul reddito<span class=\"_ _238\"> </span><span class=\"fc0\">148<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2f2\">Risultato netto dell\u2019esercizio<span class=\"_ _19a\"> </span>650<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs2f3\">Risultato di competenza del Gruppo<span class=\"_ _207\"> </span>163<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs2f4\">La s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n ha pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i o imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ni al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2.<span class=\"_ _348\"> </span></div><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs2f6\">3)  <span class=\"_ _36\"> </span>Informativa per settori operativi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws131 gs2f7\">Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to previ<span class=\"_ _1\"></span>sto da<span class=\"_ _1\"></span>ll\u2019IFRS 8 l\u2019ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e dei s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i e de<span class=\"_ _1\"></span>lle re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ive info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tate<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws127 gs2f8\">nell\u2019info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ativa d<span class=\"_ _1\"></span>i set<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e si \u00e8 ba<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ata s<span class=\"_ _1\"></span>ugl<span class=\"_ _1\"></span>i ele<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>he il <span class=\"ff12 ls8 wsb9\">management<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws127\"> uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za p<span class=\"_ _1\"></span>er p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>re l<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie de<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 wsb9\"><span class=\"ff6 ls3 ws127\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws29 gs2f9\">ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive, in c<span class=\"_ _1\"></span>oe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nza c<span class=\"_ _1\"></span>on il m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o di ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>one e c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>o uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to. In par<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re, la r<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>a,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa2 gs2fa\">riv<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>a ed u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dai p<span class=\"_ _1\"></span>i\u00f9 al<span class=\"_ _1\"></span>ti live<span class=\"_ _1\"></span>lli de<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>li de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o, forn<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce un\u2019infor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>iva pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs2fb\">settori ul<span class=\"_ _0\"></span>teriorment<span class=\"_ _0\"></span>e dettagliata<span class=\"_ _0\"></span> societ\u00e0 per<span class=\"_ _0\"></span> societ\u00e0.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws20f gs2fc\">L<span class=\"_ _8\"></span>\u2019ind<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>zzo s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ico d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo, ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a di un<span class=\"_ _1\"></span>a inte<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e dei p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i e ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivi, h<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws57 gs2fd\">dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inato l<span class=\"_ _1\"></span>a str<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra or<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ativa in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>na e de<span class=\"_ _1\"></span>l sis<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>a di mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>ce. I<span class=\"_ _1\"></span>n par<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wseb gs2fe\">son<span class=\"_ _1\"></span>o ac<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>te in un un<span class=\"_ _1\"></span>ico s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ativo de<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to \u00abAt<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e Ita<span class=\"_ _1\"></span>lia\u00bb tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 svolte in<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb0 gs2ff\">Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA<span class=\"_ _1\"></span>, in N<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d SpA<span class=\"_ _1\"></span>, i<span class=\"_ _1\"></span>n Ipac<span class=\"_ _1\"></span>k Ima S<span class=\"_ _1\"></span>rl, i<span class=\"_ _1\"></span>n Ge.Fi. S<span class=\"_ _1\"></span>pA e in M<span class=\"_ _1\"></span>AD<span class=\"_ _1\"></span>E eventi S<span class=\"_ _1\"></span>rl c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e des<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to pi<span class=\"_ _1\"></span>\u00f9<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs300\">ampiamente alla nota 6<span class=\"_ _0\"></span> con riguardo alle <span class=\"ff12 ls3 ws3\">Ca<span class=\"_ _1\"></span>sh G<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>g Uni<span class=\"_ _1\"></span>t<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws3\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs301\">Di c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, se<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>o il cr<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>rio d<span class=\"_ _1\"></span>el <span class=\"ff12 ls8 wsb9\">management ap<span class=\"_ _0\"></span>proach<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws3\">, i se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tori o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ivi s<span class=\"_ _1\"></span>ono o<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>me s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue:<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs302\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff1 fc4 ls3a ws84\">Attivit\u00e0 fierist<span class=\"_ _1\"></span>iche Italia</span><span class=\"fc4\">:<span class=\"ff1\"> <span class=\"_ _0\"></span><span class=\"ff6 ws4c\">ta<span class=\"_ _1\"></span>le se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tore s<span class=\"_ _1\"></span>i ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 fin<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a all\u2019organ<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di<span class=\"_ _348\"> </span></span></span></span><span class=\"fc4\"><span class=\"ff1\"><span class=\"ff6 ws4c\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2c gs303\">man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i eventi i<span class=\"_ _1\"></span>n Ita<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>, at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so l\u2019utiliz<span class=\"_ _1\"></span>zo, la p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>ozio<span class=\"_ _1\"></span>ne e la m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa a d<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws29 gs304\">di spa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vi at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti; l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi d<span class=\"_ _1\"></span>i alle<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto, tecn<span class=\"_ _1\"></span>ici e d<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i all\u2019attiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws165 gs305\">fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a e co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ale; l\u2019<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le ol<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>he di s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ati; la p<span class=\"_ _1\"></span>rod<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws14e gs306\">con<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti e for<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i e dig<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>li, no<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nze e di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws25 gs307\">for<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivi. In p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re, in qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>bito r<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>no le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zate a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>of<span class=\"_ _1\"></span>fer<span class=\"_ _7\"></span>ta d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs308\">(in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si i s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi fin<span class=\"_ _1\"></span>ali a e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i e vis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>):<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs309\">-  <span class=\"_ _89\"> </span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te org<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po, an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>n <span class=\"ff12 ls35 ws46\">par<span class=\"_ _1\"></span>tnership</span><span class=\"ls75 wsa8\"> co<span class=\"_ _1\"></span>n te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i;<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs30a\">-  <span class=\"_ _89\"> </span>org<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate da te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zi, at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so l<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di sp<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zi e se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i.</div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1c6 gs30b\"> <span class=\"_ _180\"> </span>T<span class=\"_ _6\"></span>ali at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 so<span class=\"_ _1\"></span>no svolte d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>, Ipa<span class=\"_ _1\"></span>ck Im<span class=\"_ _1\"></span>a Sr<span class=\"_ _1\"></span>l, Nol<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d SpA<span class=\"_ _1\"></span>, G<span class=\"_ _1\"></span>e.Fi. S<span class=\"_ _1\"></span>pA e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls41 wsa5 gs30c\">MA<span class=\"_ _1\"></span>DE eve<span class=\"_ _1\"></span>nti S<span class=\"_ _1\"></span>rl.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs30d\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff1 fc4 ls3a ws1bb\">Attivit\u00e0 fierist<span class=\"_ _1\"></span>iche Estero<span class=\"_ _6\"></span><span class=\"ff6 ls3 wse9\">: t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re si i<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntifi<span class=\"_ _1\"></span>ca p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>org<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ifes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc4 ls3a ws1bb\"><span class=\"ff6 ls3 wse9\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws165 gs30e\">fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e al<span class=\"_ _1\"></span>tri eve<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ro, at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so l\u2019utiliz<span class=\"_ _1\"></span>zo, la p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>ozio<span class=\"_ _1\"></span>ne e la m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa a d<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di s<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws115 gs30f\">es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vi at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti, l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _7\"></span>ta d<span class=\"_ _1\"></span>i sup<span class=\"_ _1\"></span>por<span class=\"_ _7\"></span>to pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le ol<span class=\"_ _1\"></span>tre ch<span class=\"_ _1\"></span>e di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>ti. In pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re, in qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13 gs310\">amb<span class=\"_ _1\"></span>ito ri<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>no le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 fin<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _7\"></span>ta d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he (<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>li a es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs311\">e vis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>) dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte or<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>te dal G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o, anc<span class=\"_ _1\"></span>he in pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>hip c<span class=\"_ _1\"></span>on ter<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i o in qua<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 di ag<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti.</div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs312\"> <span class=\"_ _17e\"> </span>T<span class=\"_ _6\"></span>ali<span class=\"_ _0\"></span> attivit\u00e0 sono<span class=\"_ _0\"></span> sv<span class=\"_ _0\"></span>olte<span class=\"_ _0\"></span> dalle seguent<span class=\"_ _0\"></span>i societ\u00e0<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd1 gs313\">- <span class=\"_ _6\"></span> <span class=\"_ _52\"> </span>Hannover Milano Global Germany GmbH, <span class=\"ff12 ls38 ws2f\">joint ventur<span class=\"_ _1\"></span>e</span><span class=\"ls3 ws39\"> con D<span class=\"_ _1\"></span>eu<span class=\"_ _1\"></span>ts<span class=\"_ _1\"></span>che M<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se AG di Ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>over<span class=\"_ _6\"></span>, a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva in<span class=\"_ _348\"> </span></span><span class=\"ls3 ws39\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws7f gs314\">Cina attraverso le due control<span class=\"_ _0\"></span>late Hannov<span class=\"_ _0\"></span>er Milano F<span class=\"_ _0\"></span>airs China Lt<span class=\"_ _0\"></span>d e Hannov<span class=\"_ _0\"></span>er Milano F<span class=\"_ _0\"></span>airs Shangha<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb4 gs315\">Co. Ltd e dal<span class=\"_ _1\"></span>le su<span class=\"_ _1\"></span>e par<span class=\"_ _7\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>te Han<span class=\"_ _1\"></span>nover Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Be<span class=\"_ _1\"></span>st E<span class=\"_ _1\"></span>xh<span class=\"_ _1\"></span>ibit<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>s Co. Ltd dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a al 51<span class=\"_ _6\"></span>% e Hannover<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws184 gs316\">Mila<span class=\"_ _1\"></span>no X<span class=\"_ _1\"></span>ZQ E<span class=\"_ _1\"></span>xhi<span class=\"_ _1\"></span>biti<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>s dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a al 6<span class=\"_ _1\"></span>0%. Inoltr<span class=\"_ _1\"></span>e, \u00e8 at<span class=\"_ _1\"></span>tiva in I<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so la c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata H<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>nover<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs317\">Mila<span class=\"_ _1\"></span>no Fair<span class=\"_ _1\"></span>s In<span class=\"_ _1\"></span>dia P<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>t Ltd;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs318\">-  <span class=\"_ _89\"> </span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>ano B<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>sil Ltd<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e a San Pa<span class=\"_ _1\"></span>olo;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs319\">-  <span class=\"_ _89\"> </span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>ano E<span class=\"_ _1\"></span>x<span class=\"_ _1\"></span>hib<span class=\"_ _1\"></span>itio<span class=\"_ _1\"></span>ns Af<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ca P<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>Y Ltd c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e a Cap<span class=\"_ _1\"></span>e T<span class=\"_ _6\"></span>own.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs31a\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff1 fc4 ls29 wse8\">Congressi<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws192\">: t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re si i<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>ca pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 rife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>lla g<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tion<span class=\"_ _1\"></span>e di c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i ed even<span class=\"_ _1\"></span>ti e se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi di<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc4 ls29 wse8\"><span class=\"ff6 ls3 ws192\"> </span></span></div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls8 wsb9 gs31b\">desti<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>on managemen<span class=\"_ _0\"></span>t<span class=\"ff6 ls3 ws3\"> face<span class=\"_ _1\"></span>nti ca<span class=\"_ _1\"></span>po a Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no C<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i SpA e a Mi<span class=\"_ _1\"></span>Co D<span class=\"_ _1\"></span>MC Sr<span class=\"_ _1\"></span>l.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb0 gs31c\">Nel<span class=\"_ _1\"></span>le ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uen<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti i dat<span class=\"_ _1\"></span>i ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>i e pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>i set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re, re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi ag<span class=\"_ _1\"></span>li es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>si al 31<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs31d\">dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21 ed al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022.<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs31f\">Conto economico 20<span class=\"_ _0\"></span>21<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs320\">(migliaia di euro)</div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs321\"> Attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs322\">fieristiche<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs323\">Italia </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs324\"> Attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs325\">fieristiche<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs326\">Estero <span class=\"_ _35\"> </span> Congressi <span class=\"_ _192\"> </span> Elisioni<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs327\">Consolidato*<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs328\">Ricavi delle vendite e delle prestazioni vs Terzi<span class=\"_ _239\"> </span>100.006<span class=\"_ _19\"> </span>195<span class=\"_ _193\"> </span>22.101<span class=\"_ _23a\"> </span> - <span class=\"_ _15\"> </span>122.302<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs329\">Ricavi delle vendite e delle prestazioni intersettoriali<span class=\"_ _a0\"> </span>2.963<span class=\"_ _23a\"> </span> - <span class=\"_ _17\"> </span>852<span class=\"_ _132\"> </span>-3.815<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs32a\">Totale ricavi<span class=\"_ _23b\"> </span>102.969<span class=\"_ _19\"> </span>195<span class=\"_ _193\"> </span>22.953<span class=\"_ _132\"> </span>-3.815<span class=\"_ _23c\"> </span>122.302<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs32b\">di cui Italia<span class=\"_ _23d\"> </span>122.107<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs32c\">di cui Estero<span class=\"_ _23e\"> </span>195<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs32d\">Costi per materiali<span class=\"_ _88\"> </span>1.587<span class=\"_ _23f\"> </span>1<span class=\"_ _19\"> </span>121<span class=\"_ _9e\"> </span>-4<span class=\"_ _a5\"> </span>1.705<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs32e\">Costi per servizi<span class=\"_ _240\"> </span>59.528<span class=\"_ _19\"> </span>425<span class=\"_ _193\"> </span>16.357<span class=\"_ _132\"> </span>-5.106<span class=\"_ _195\"> </span>71.204<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs32f\">Costi per godimento di beni di terzi<span class=\"_ _241\"> </span>1.119<span class=\"_ _a7\"> </span>28<span class=\"_ _168\"> </span>15<span class=\"_ _a5\"> </span>-646<span class=\"_ _ce\"> </span>516<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs330\">Costi del personale<span class=\"_ _f4\"> </span>36.826<span class=\"_ _1f6\"> </span>1.056<span class=\"_ _1f6\"> </span>2.877<span class=\"_ _29\"> </span>-39<span class=\"_ _1bc\"> </span>40.720<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs331\">Altre spese operative<span class=\"_ _242\"> </span>3.157<span class=\"_ _a7\"> </span>27<span class=\"_ _18\"> </span>334<span class=\"_ _a5\"> </span>-675<span class=\"_ _a5\"> </span>2.843<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs332\">Totale Costi Operativi<span class=\"_ _206\"> </span>102.217<span class=\"_ _1f6\"> </span>1.537<span class=\"_ _193\"> </span>19.704<span class=\"_ _132\"> </span>-6.470<span class=\"_ _23c\"> </span>116.988<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs333\">Proventi diversi<span class=\"_ _128\"> </span>63.365<span class=\"_ _18\"> </span>107<span class=\"_ _193\"> </span>12.329<span class=\"_ _132\"> </span>-2.655<span class=\"_ _243\"> </span>73.146<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs334\">Risultati di societ\u00e0 valutate a patrimonio netto<span class=\"_ _244\"> </span>-255<span class=\"_ _1f6\"> </span>1.586<span class=\"_ _a5\"> </span>-124<span class=\"_ _171\"> </span> - <span class=\"_ _12f\"> </span>1.207<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs335\">Svalutazione dei crediti e altri accantonamenti<span class=\"_ _d6\"> </span>5.844<span class=\"_ _23f\"> </span>9<span class=\"_ _168\"> </span>72<span class=\"_ _171\"> </span> - <span class=\"_ _155\"> </span>5.925<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs336\">Risultato operativo ante ammortamenti e rettifiche di<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs337\">valore di attivit\u00e0 non correnti (EBITDA)<span class=\"_ _b7\"> </span>58.018<span class=\"_ _18\"> </span>342<span class=\"_ _193\"> </span>15.382<span class=\"_ _171\"> </span> - <span class=\"_ _191\"> </span>73.742<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs338\">di cui Italia<span class=\"_ _245\"> </span>73.390<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs339\">di cui Estero<span class=\"_ _23e\"> </span>352<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs33a\">Ammortamenti immobili, impianti e macchinari e attivit\u00e0 per<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs33b\">diritto d\u2019uso<span class=\"_ _f3\"> </span>36.658<span class=\"_ _168\"> </span>84<span class=\"_ _1f6\"> </span>5.275<span class=\"_ _171\"> </span> - <span class=\"_ _191\"> </span>42.017<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs33c\">Ammortamenti investimenti immobiliari<span class=\"_ _246\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _23f\"> </span> -<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs33d\">Ammortamenti attivit\u00e0 immateriali<span class=\"_ _15a\"> </span>3.000<span class=\"_ _18\"> </span>152<span class=\"_ _a7\"> </span>43<span class=\"_ _171\"> </span> - <span class=\"_ _12f\"> </span>3.195<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs33e\">Rettifiche di valore di attivit\u00e0<span class=\"_ _247\"> </span>22<span class=\"_ _171\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span>22<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs33f\">Risultato operativo (EBIT)<span class=\"_ _117\"> </span>18.338<span class=\"_ _19\"> </span>106<span class=\"_ _193\"> </span>10.064<span class=\"_ _171\"> </span> - <span class=\"_ _191\"> </span>28.508<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs340\">di cui Italia<span class=\"_ _245\"> </span>28.392<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs341\">di cui Estero<span class=\"_ _23e\"> </span>116<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs342\">Proventi finanziari e assimilati<span class=\"_ _19b\"> </span>1.028<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs343\">Oneri finanziari e assimilati<span class=\"_ _15d\"> </span>14.420<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs344\">Valutazione di attivit\u00e0 finanziarie<span class=\"_ _15d\"> </span> -<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs345\">Risultato prima delle imposte<span class=\"_ _148\"> </span>15.116<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs346\">Imposte sul reddito<span class=\"_ _248\"> </span>-24.365<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs347\">Risultato netto dell\u2019esercizio delle attivit\u00e0 in continuit\u00e0<span class=\"_ _1e1\"> </span>39.481<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs348\">Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs349\">vendita<span class=\"_ _249\"> </span>4.600<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs34a\">Ricavi<span class=\"_ _24a\"> </span>8.951<span class=\"_ _348\"> </span></div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs34b\">Costi operativi<span class=\"_ _24b\"> </span>4.351<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs34c\">Risultato netto dell\u2019esercizio <span class=\"_ _223\"> </span>44.081<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs34d\">Interessenze di minoranza<span class=\"_ _24c\"> </span>-278<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs34e\">Risultato netto del Gruppo<span class=\"_ _19b\"> </span>44.359<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws2 gs34f\">* <span class=\"_ _50\"> </span>Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito de<span class=\"_ _348\"> </span>l </div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs350\">conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma.<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs351\">Dati patrimoniali di settore al 31<span class=\"_ _6\"></span>/1<span class=\"_ _6\"></span>2<span class=\"_ _1\"></span>/21</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs352\"> (migliaia di euro) </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs353\"> Incrementi delle<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs354\">immobilizzazioni </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs355\"> di cui relativi<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs356\">al Diritto d\u2019uso<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs357\">delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs358\">locazione </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs359\"> Ammortamento<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs35a\">delle<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs35b\">immobilizzazioni </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs35c\"> di cui relativi<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs35d\">al Diritto d\u2019uso<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs35e\">delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc4 sc0 ls3 ws3 gs35f\">locazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs360\">Attivit\u00e0 fieristiche Italia<span class=\"_ _f4\"> </span>5.507<span class=\"_ _58\"> </span><span class=\"ff12\">408<span class=\"_ _1b\"> </span></span>39.658<span class=\"_ _5d\"> </span><span class=\"ff12\">35.702<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs361\">Attivit\u00e0 fieristiche Estero<span class=\"_ _ca\"> </span>3<span class=\"_ _2e\"> </span><span class=\"ff12\"> -<span class=\"_ _70\"> </span></span>236<span class=\"_ _227\"> </span><span class=\"ff12\">47<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs362\">Congressi<span class=\"_ _112\"> </span>1.174<span class=\"_ _21a\"> </span><span class=\"ff12\">331<span class=\"_ _179\"> </span></span>5.318<span class=\"_ _5b\"> </span><span class=\"ff12\">3.848<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs363\">Elisioni<span class=\"_ _144\"> </span> -<span class=\"_ _6b\"> </span><span class=\"ff12\"> -<span class=\"_ _16c\"> </span></span> -<span class=\"_ _6b\"> </span><span class=\"ff12\"> -<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs364\">Totale<span class=\"_ _43\"> </span>6.684<span class=\"_ _58\"> </span><span class=\"ff4\">739<span class=\"_ _1b\"> </span></span>45.212<span class=\"_ _5d\"> </span><span class=\"ff4\">39.597<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs366\">Conto economico 20<span class=\"_ _0\"></span>22<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs367\">(migliaia di euro)</div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs368\"> Attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs369\">fieristiche<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs36a\">Italia </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs36b\"> Attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs36c\">fieristiche<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs36d\">Estero <span class=\"_ _7e\"> </span>Congressi <span class=\"_ _192\"> </span> Elisioni <span class=\"_ _4f\"> </span> Consolidato<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs36e\">Ricavi delle vendite e delle prestazioni vs Terzi<span class=\"_ _239\"> </span>172.014<span class=\"_ _1f6\"> </span>8.697<span class=\"_ _18f\"> </span>39.574<span class=\"_ _23f\"> </span> <span class=\"_ _132\"> </span>220.285<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs36f\">Ricavi delle vendite e delle prestazioni intersettoriali<span class=\"_ _a0\"> </span>4.794<span class=\"_ _1c2\"> </span> <span class=\"_ _197\"> </span>3.736<span class=\"_ _132\"> </span>-8.530<span class=\"_ _1b\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs370\">Totale ricavi<span class=\"_ _23b\"> </span>176.808<span class=\"_ _1f6\"> </span>8.697<span class=\"_ _18f\"> </span>43.310<span class=\"_ _132\"> </span>-8.530<span class=\"_ _23c\"> </span>220.285<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs371\">di cui Italia<span class=\"_ _44\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _191\"> </span></span>211.588<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs372\">di cui Estero<span class=\"_ _79\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _69\"> </span></span>8.697<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs373\">Costi per materiali<span class=\"_ _88\"> </span>3.908<span class=\"_ _23f\"> </span>6<span class=\"_ _19\"> </span>165<span class=\"_ _9e\"> </span>-1<span class=\"_ _a5\"> </span>4.078<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs374\">Costi per servizi<span class=\"_ _240\"> </span>86.040<span class=\"_ _1f6\"> </span>6.002<span class=\"_ _18f\"> </span>27.661<span class=\"_ _132\"> </span>-9.544<span class=\"_ _23c\"> </span>110.159<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs375\">Costi per godimento di beni di terzi<span class=\"_ _241\"> </span>1.211<span class=\"_ _19\"> </span>140<span class=\"_ _168\"> </span>33<span class=\"_ _a5\"> </span>-138<span class=\"_ _a5\"> </span>1.246<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs376\">Costi del personale<span class=\"_ _f4\"> </span>40.184<span class=\"_ _1f6\"> </span>1.065<span class=\"_ _1f6\"> </span>3.204<span class=\"_ _29\"> </span>-40<span class=\"_ _1bc\"> </span>44.413<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs377\">Altre spese operative<span class=\"_ _242\"> </span>3.706<span class=\"_ _a7\"> </span>36<span class=\"_ _18\"> </span>376<span class=\"_ _a5\"> </span>-187<span class=\"_ _a5\"> </span>3.931<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs378\">Totale Costi Operativi<span class=\"_ _206\"> </span>135.049<span class=\"_ _1f6\"> </span>7.249<span class=\"_ _193\"> </span>31.439<span class=\"_ _132\"> </span>-9.910<span class=\"_ _23c\"> </span>163.827<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs379\">Proventi diversi<span class=\"_ _11b\"> </span>4.034<span class=\"_ _a7\"> </span>12<span class=\"_ _1f6\"> </span>1.469<span class=\"_ _132\"> </span>-1.380<span class=\"_ _201\"> </span>4.135<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs37a\">Risultati di societ\u00e0 valutate a patrimonio netto<span class=\"_ _de\"> </span>1.266<span class=\"_ _132\"> </span>-1.131<span class=\"_ _19\"> </span>331<span class=\"_ _171\"> </span> -<span class=\"_ _9f\"> </span>466<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs37b\">Svalutazione dei crediti e altri accantonamenti<span class=\"_ _d6\"> </span>2.510<span class=\"_ _9e\"> </span>-1<span class=\"_ _19\"> </span>147<span class=\"_ _23a\"> </span> -<span class=\"_ _a5\"> </span>2.656<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs37c\">Risultato operativo ante ammortamenti e rettifiche di<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs37d\">valore di attivit\u00e0 non correnti (EBITDA)<span class=\"_ _b7\"> </span>44.549<span class=\"_ _18\"> </span>330<span class=\"_ _193\"> </span>13.524<span class=\"_ _171\"> </span> -<span class=\"_ _243\"> </span>58.403<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs37e\">di cui Italia<span class=\"_ _44\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _12f\"> </span></span>58.063<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff12 fs2 fc4 sc0 ls3 ws3 gs37f\">di cui Estero<span class=\"_ _79\"> </span><span class=\"ff6\"> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _1a\"> </span></span></span>340<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs380\">Ammortamenti immobili, impianti e macchinari e attivit\u00e0 per<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs381\">diritto d\u2019uso<span class=\"_ _f3\"> </span>37.134<span class=\"_ _168\"> </span>90<span class=\"_ _1f6\"> </span>6.022<span class=\"_ _171\"> </span> -<span class=\"_ _243\"> </span>43.246<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs382\">Ammortamenti investimenti immobiliari<span class=\"_ _246\"> </span> -<span class=\"_ _171\"> </span> -<span class=\"_ _171\"> </span> -<span class=\"_ _23a\"> </span> -<span class=\"_ _16\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs383\">Ammortamenti attivit\u00e0 immateriali<span class=\"_ _15a\"> </span>4.447<span class=\"_ _18\"> </span>177<span class=\"_ _a7\"> </span>38<span class=\"_ _171\"> </span> -<span class=\"_ _a5\"> </span>4.662<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs384\">Rettifiche di valore di attivit\u00e0<span class=\"_ _24d\"> </span> -<span class=\"_ _1f6\"> </span>1.276<span class=\"_ _171\"> </span> -<span class=\"_ _171\"> </span> -<span class=\"_ _a5\"> </span>1.276<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs385\">Risultato operativo (EBIT)<span class=\"_ _24e\"> </span>2.968<span class=\"_ _132\"> </span>-1.213<span class=\"_ _d9\"> </span>7.464<span class=\"_ _171\"> </span> -<span class=\"_ _a5\"> </span>9.219<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs386\">di cui Italia<span class=\"_ _44\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _155\"> </span></span>10.422<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff12 fs2 fc4 sc0 ls3 ws3 gs387\">di cui Estero<span class=\"_ _79\"> </span><span class=\"ff6\"> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _197\"> </span></span>-1.203<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs388\">Proventi finanziari e assimilati<span class=\"_ _203\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _69\"> </span>1.600<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs389\">Oneri finanziari e assimilati<span class=\"_ _fe\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _155\"> </span>14.524<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs38a\">Valutazione di attivit\u00e0 finanziarie<span class=\"_ _6c\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _3b\"> </span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs38b\">Risultato prima delle imposte<span class=\"_ _40\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _197\"> </span>-3.705<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs38c\">Imposte sul reddito<span class=\"_ _ee\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _69\"> </span>2.055<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs38d\">Risultato netto dell\u2019esercizio delle attivit\u00e0 in continuit\u00e0<span class=\"_ _174\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _197\"> </span></span>-5.760<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs38e\">Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs38f\">vendita<span class=\"_ _7b\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _24f\"> </span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs390\">Ricavi<span class=\"_ _1ee\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _53\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _250\"> </span></span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff12 fs2 fc4 sc0 ls3 ws3 gs391\">Costi operativi<span class=\"_ _dd\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _2c\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _250\"> </span></span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs392\">Risultato netto dell\u2019esercizio <span class=\"_ _251\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _2c\"> </span> <span class=\"_ _13d\"> </span>-5.760<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs393\">Interessenze di minoranza<span class=\"_ _b2\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _c7\"> </span> <span class=\"_ _252\"> </span>-161<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs394\">Risultato netto del Gruppo<span class=\"_ _233\"> </span>-5.599<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs395\">Dati patrimoniali di settore al 31<span class=\"_ _6\"></span>/1<span class=\"_ _6\"></span>2<span class=\"_ _1\"></span>/22<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs396\">(migliaia di euro) </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs397\"> Incrementi delle<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs398\">immobilizzazioni </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs399\"> di cui relativi<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs39a\">al Diritto d\u2019uso<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs39b\">delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs39c\">locazione </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs39d\"> Ammortamento<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs39e\">delle<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs39f\">immobilizzazioni </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs3a0\"> di cui relativi<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs3a1\">al Diritto d\u2019uso<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs3a2\">delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h78 ff12 fs2 fc0 sc0 ls3 ws3 gs3a3\">locazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs3a4\">Attivit\u00e0 fieristiche Italia<span class=\"_ _c6\"> </span>17.746<span class=\"_ _5d\"> </span><span class=\"ff12\">14.401<span class=\"_ _2c\"> </span></span>41.556<span class=\"_ _5d\"> </span><span class=\"ff12\">36.158<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs3a5\">Attivit\u00e0 fieristiche Estero<span class=\"_ _bf\"> </span>51<span class=\"_ _227\"> </span><span class=\"ff12\">13<span class=\"_ _70\"> </span></span>293<span class=\"_ _227\"> </span><span class=\"ff12\">77<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs3a6\">Congressi<span class=\"_ _112\"> </span>2.603<span class=\"_ _5b\"> </span><span class=\"ff12\">2.010<span class=\"_ _250\"> </span></span>6.059<span class=\"_ _5b\"> </span><span class=\"ff12\">4.793<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs3a7\">Elisioni<span class=\"_ _144\"> </span> -<span class=\"_ _6b\"> </span><span class=\"ff12\"> -<span class=\"_ _16c\"> </span></span> -<span class=\"_ _6b\"> </span><span class=\"ff12\"> -<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs3a8\">Totale <span class=\"_ _111\"> </span> 20.400 <span class=\"_ _df\"> </span><span class=\"ff4\"> 16.424 <span class=\"_ _16b\"> </span></span> 47.908 <span class=\"_ _9\"> </span><span class=\"ff4\"> 41.028</span><span class=\"ff4\"> </span></div>Note alle voci del bilancio consolidato<span class=\"_ _348\"> </span>STATO PATRIMONIALE<span class=\"_ _348\"> </span>ATTIVIT\u00c0<span class=\"_ _348\"> </span>Attivit\u00e0 non correnti<span class=\"_ _348\"> </span>4)<span class=\"_ _0\"></span> Immobili, impianti<span class=\"_ _0\"></span> e mac<span class=\"_ _0\"></span>chinari<span class=\"_ _348\"> </span>La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni inte<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>gli u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>i due e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no le s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span>Immobili, i<span class=\"_ _0\"></span>mpianti e macchinari<span class=\"_ _47\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/2020<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span>Rettifiche<span class=\"_ _348\"> </span>di valore<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Variazione<span class=\"_ _348\"> </span>area da<span class=\"_ _348\"> </span>consolida-<span class=\"_ _348\"> </span>mento<span class=\"_ _348\"> </span>Riclas-<span class=\"_ _348\"> </span>sifiche<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _348\"> </span>Impianti e<span class=\"_ _348\"> </span>macchinari<span class=\"_ _1f7\"> </span><span class=\"ff6\"> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> </span>. costo originario<span class=\"_ _255\"> </span> 19.045 <span class=\"_ _194\"> </span> 90 <span class=\"_ _d9\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1bc\"> </span>-43 <span class=\"_ _1fc\"> </span> 19.092<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _1f6\"> </span> 17.697 <span class=\"_ _d9\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _12c\"> </span> 343 <span class=\"_ _a\"> </span> -<span class=\"_ _191\"> </span>-1 <span class=\"_ _252\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _130\"> </span> <span class=\"_ _15\"> </span> 18.039<span class=\"_ _348\"> </span>Netto<span class=\"_ _256\"> </span> 1.348 <span class=\"_ _194\"> </span> 90 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 343 <span class=\"_ _197\"> </span> -<span class=\"_ _173\"> </span> 1 <span class=\"_ _252\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _1bc\"> </span>-43 <span class=\"_ _189\"> </span> 1.053<span class=\"_ _348\"> </span>Attrezzature<span class=\"_ _348\"> </span>industriali<span class=\"_ _348\"> </span>e commerciali<span class=\"_ _3d\"> </span><span class=\"ff6\"> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> </span>. costo originario<span class=\"_ _255\"> </span> 33.826 <span class=\"_ _e\"> </span> 213 <span class=\"_ _18e\"> </span> 777 <span class=\"_ _d9\"> </span> -<span class=\"_ _257\"> </span> 187 <span class=\"_ _18d\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _18a\"> </span> 33.075<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _1f6\"> </span> 32.972 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 769 <span class=\"_ _e\"> </span> 391 <span class=\"_ _189\"> </span> 165 <span class=\"_ _18d\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _d\"> </span> 32.429<span class=\"_ _348\"> </span>Netto<span class=\"_ _258\"> </span> 854 <span class=\"_ _e\"> </span> 213 <span class=\"_ _1bc\"> </span> 8 <span class=\"_ _e\"> </span> 391 <span class=\"_ _132\"> </span> 22 <span class=\"_ _191\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _12f\"> </span> 646<span class=\"_ _348\"> </span>Altri beni<span class=\"_ _1fa\"> </span><span class=\"ff6\"> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> </span>. costo originario<span class=\"_ _255\"> </span> 59.891 <span class=\"_ _e\"> </span> 943 <span class=\"_ _194\"> </span> 42 <span class=\"_ _d9\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _132\"> </span> 2 <span class=\"_ _252\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _257\"> </span> 358 <span class=\"_ _16d\"> </span> 61.152<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _1f6\"> </span> 55.053 <span class=\"_ _d9\"> </span> -<span class=\"_ _193\"> </span> 42 <span class=\"_ _14f\"> </span> 1.686 <span class=\"_ _a\"> </span> -<span class=\"_ _132\"> </span> 1 <span class=\"_ _252\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _257\"> </span> 345 <span class=\"_ _16d\"> </span> 57.043<span class=\"_ _348\"> </span>Netto<span class=\"_ _256\"> </span> 4.838 <span class=\"_ _e\"> </span> 943 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 1.686 <span class=\"_ _a\"> </span> -<span class=\"_ _132\"> </span> 1 <span class=\"_ _252\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _195\"> </span> 13 <span class=\"_ _189\"> </span> 4.109<span class=\"_ _348\"> </span>Totale Immobili,<span class=\"_ _348\"> </span>impianti e<span class=\"_ _348\"> </span>macchinari<span class=\"_ _1f7\"> </span><span class=\"ff6\"> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> </span>. costo originario<span class=\"_ _15\"> </span> 112.762 <span class=\"_ _14f\"> </span> 1.246 <span class=\"_ _e\"> </span> 819 <span class=\"_ _d9\"> </span> -<span class=\"_ _257\"> </span> 187 <span class=\"_ _18f\"> </span> 2 <span class=\"_ _259\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _23c\"> </span> 315 <span class=\"_ _181\"> </span> 113.319<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _193\"> </span> 105.722 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 811 <span class=\"_ _14d\"> </span> 2.420 <span class=\"_ _189\"> </span> 165 <span class=\"_ _18d\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _257\"> </span> 345 <span class=\"_ _181\"> </span> 107.511<span class=\"_ _348\"> </span>Netto<span class=\"_ _31\"> </span> 7.040 <span class=\"_ _14f\"> </span> 1.246 <span class=\"_ _1bc\"> </span> 8 <span class=\"_ _95\"> </span> 2.420 <span class=\"_ _132\"> </span> 22 <span class=\"_ _18f\"> </span> 2 <span class=\"_ _259\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1f8\"> </span>-30 <span class=\"_ _189\"> </span> 5.808<span class=\"_ _348\"> </span>Immobili, i<span class=\"_ _0\"></span>mpianti e macchinari<span class=\"ff6 fs2 ls3 ws3\"> <span class=\"_ _25a\"> </span><span class=\"fs32 fc4\">(migliaia di euro)<span class=\"_ _348\"> </span></span></span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/2021<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span>Rettifiche<span class=\"_ _348\"> </span>di valore<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Variazione<span class=\"_ _348\"> </span>area da<span class=\"_ _348\"> </span>consolida-<span class=\"_ _348\"> </span>mento<span class=\"_ _348\"> </span>Riclas-<span class=\"_ _348\"> </span>sifiche<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _348\"> </span>Impianti e<span class=\"_ _348\"> </span>macchinari<span class=\"_ _31\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _c7\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _d9\"> </span> 19.092 <span class=\"_ _18e\"> </span> 125 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _1f9\"> </span>-<span class=\"_ _16a\"> </span><span class=\"fc0\"> 19.217<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a5\"> </span> 18.039 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _25c\"> </span> 312 <span class=\"_ _a\"> </span> -<span class=\"_ _155\"> </span>-<span class=\"_ _29\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _1f9\"> </span>-<span class=\"_ _16a\"> </span><span class=\"fc0\"> 18.351<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _1fa\"> </span> 1.053 <span class=\"_ _e\"> </span> 125 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 312 <span class=\"_ _a\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _9\"> </span><span class=\"fc0\"> 866<span class=\"_ _348\"> </span></span>Attrezzature<span class=\"_ _348\"> </span>industriali<span class=\"_ _348\"> </span>e commerciali<span class=\"_ _2b\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _13d\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _c7\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _d9\"> </span> 33.075 <span class=\"_ _18e\"> </span> 493 <span class=\"_ _18e\"> </span> 183 <span class=\"_ _d9\"> </span> -<span class=\"_ _18\"> </span>-<span class=\"_ _1bc\"> </span> -<span class=\"_ _5d\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _16a\"> </span><span class=\"fc0\"> 33.385<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a5\"> </span> 32.429 <span class=\"_ _d9\"> </span> -<span class=\"_ _25c\"> </span> 182 <span class=\"_ _18e\"> </span> 400 <span class=\"_ _254\"> </span>-<span class=\"_ _1bc\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _194\"> </span><span class=\"fc0\"> 32.647<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _25d\"> </span> 646 <span class=\"_ _e\"> </span> 493 <span class=\"_ _1bc\"> </span> 1 <span class=\"_ _25c\"> </span>400<span class=\"_ _1f9\"> </span>-<span class=\"_ _243\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _17\"> </span><span class=\"fc0\"> 738<span class=\"_ _348\"> </span></span>Altri beni<span class=\"_ _258\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _13d\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _53\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _d9\"> </span> 61.152 <span class=\"_ _18e\"> </span> 801 <span class=\"_ _14d\"> </span> 6.328 <span class=\"_ _13d\"> </span>-<span class=\"_ _254\"> </span> -<span class=\"_ _189\"> </span> 26 <span class=\"_ _19\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _1bc\"> </span>-75 <span class=\"_ _196\"> </span><span class=\"fc0\"> 55.576<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a5\"> </span> 57.043 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 6.319 <span class=\"_ _14d\"> </span> 1.506 <span class=\"_ _a\"> </span> -<span class=\"_ _189\"> </span> 22 <span class=\"_ _19\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _1bc\"> </span>-75 <span class=\"_ _196\"> </span><span class=\"fc0\"> 52.177<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _1fa\"> </span> 4.109 <span class=\"_ _e\"> </span> 801 <span class=\"_ _1bc\"> </span> 9 <span class=\"_ _14d\"> </span> 1.506 <span class=\"_ _201\"> </span> -<span class=\"_ _132\"> </span> 4 <span class=\"_ _25e\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _1f8\"> </span><span class=\"fc0\"> 3.399<span class=\"_ _348\"> </span></span>Totale Immobili,<span class=\"_ _348\"> </span>impianti e<span class=\"_ _348\"> </span>macchinari<span class=\"_ _31\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _c7\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _18f\"> </span> 113.319 <span class=\"_ _14f\"> </span> 1.419 <span class=\"_ _14d\"> </span> 6.511 <span class=\"_ _d9\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _16a\"> </span> 26 <span class=\"_ _130\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _1bc\"> </span>-75 <span class=\"_ _190\"> </span><span class=\"fc0\"> 108.178<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _195\"> </span> 107.511 <span class=\"_ _d9\"> </span> -<span class=\"_ _17f\"> </span> 6.501 <span class=\"_ _14f\"> </span> 2.218 <span class=\"_ _197\"> </span> -<span class=\"_ _16a\"> </span> 22 <span class=\"_ _130\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _1bc\"> </span>-75 <span class=\"_ _190\"> </span><span class=\"fc0\"> 103.175<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _2d\"> </span><span class=\"fc4\"> 5.808 <span class=\"_ _14d\"> </span> 1.419 <span class=\"_ _194\"> </span> 10 <span class=\"_ _14d\"> </span> 2.218 <span class=\"_ _a\"> </span> -<span class=\"_ _173\"> </span> 4 <span class=\"_ _130\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1f8\"> </span></span> 5.003<span class=\"_ _348\"> </span>Le consistenze e<span class=\"_ _0\"></span> le variazioni delle div<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>se voci sono<span class=\"_ _0\"></span> dett<span class=\"_ _1\"></span>agliate<span class=\"_ _0\"></span> nel seguito<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span>Impianti e<span class=\"_ _6\"></span> macchinari<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 86<span class=\"_ _1\"></span>6 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio pe<span class=\"_ _1\"></span>r 31<span class=\"_ _6\"></span>2 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o e si<span class=\"_ _348\"> </span>riferisce principalmente a<span class=\"_ _0\"></span> impianti elettrici, t<span class=\"_ _0\"></span>ermici, di allarme ed audio<span class=\"_ _6\"></span>visivi.<span class=\"_ _348\"> </span>Gli in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nti, p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 1<span class=\"_ _0\"></span>25 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, si rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ad inves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>pol<span class=\"_ _1\"></span>o fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o di R<span class=\"_ _1\"></span>ho.<span class=\"_ _348\"> </span>Attrezzature industriali e commercial<span class=\"_ _0\"></span>i<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 738 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio pe<span class=\"_ _1\"></span>r 40<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o e rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span>d ar<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di a su<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>Gli in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o par<span class=\"_ _1\"></span>i a 493 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ono p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te ad inves<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 No<span class=\"_ _1\"></span>los<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nd<span class=\"_ _348\"> </span>SpA relativi all<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acquisto di attrezzature fieristiche e beni da destinare al noleggio durante<span class=\"_ _0\"></span> le manifesta<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>Altri beni<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 3.39<span class=\"_ _1\"></span>9 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>.50<span class=\"_ _1\"></span>6 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o e si<span class=\"_ _348\"> </span>rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r 2.24<span class=\"_ _6\"></span>1 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r migl<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>ie s<span class=\"_ _1\"></span>u be<span class=\"_ _1\"></span>ni di p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>t\u00e0 Fon<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano e p<span class=\"_ _1\"></span>er 1.<span class=\"_ _4\"></span>1<span class=\"_ _0\"></span>58<span class=\"_ _348\"> </span>migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a mo<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i, ar<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>di, at<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>ure m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ri, me<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zi di tr<span class=\"_ _1\"></span>asp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to e mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ine e<span class=\"_ _1\"></span>let<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>che.<span class=\"_ _348\"> </span><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs403\">Gli in<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 801 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>uci<span class=\"_ _1\"></span>bili:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs404\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws95\">a Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si Sp<span class=\"_ _1\"></span>A pe<span class=\"_ _1\"></span>r 592 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>e mig<span class=\"_ _1\"></span>lior<span class=\"_ _1\"></span>ie s<span class=\"_ _1\"></span>u be<span class=\"_ _1\"></span>ni ri<span class=\"_ _1\"></span>cev<span class=\"_ _1\"></span>uti in<span class=\"_ _348\"> </span></span><span class=\"fc4 ws95\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs405\">loca<span class=\"_ _1\"></span>zione da F<span class=\"_ _0\"></span>ondazione Fiera Milano;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs406\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsfb\">alla C<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>55 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o e si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er 1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>gli inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio<span class=\"_ _348\"> </span></span><span class=\"fc4 wsfb\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs407\">in am<span class=\"_ _1\"></span>bito di<span class=\"_ _1\"></span>git<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e e pe<span class=\"_ _1\"></span>r 38 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ie su b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>i di ter<span class=\"_ _1\"></span>zi.;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs408\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ad inves<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>enti m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ri p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti 5<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsca gs409\">L<span class=\"_ _8\"></span>\u2019ammo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti p<span class=\"_ _1\"></span>er mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e su b<span class=\"_ _1\"></span>eni d<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>zi \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lla du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dua d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs40a\">loca<span class=\"_ _1\"></span>zione immobiliare a<span class=\"_ _0\"></span> cui fanno riferimento<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs40b\">5) D<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>\u2019us<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0 i<span class=\"_ _1\"></span>n lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs40c\">La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni inte<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>gli u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>i due e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no le s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs40d\">Dirit<span class=\"_ _1\"></span>ti d\u2019<span class=\"_ _0\"></span>uso delle attivit\u00e0 in loca<span class=\"_ _1\"></span>zione<span class=\"ff6 fs2 ls3 ws3\"> <span class=\"_ _12e\"> </span><span class=\"fs32 fc4\">(migliaia di euro)<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs40e\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs40f\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs410\">31/12/2020<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs411\">Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs412\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs413\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs414\">31/12/2021<span class=\"_ _25f\"></span>Increm.<span class=\"_ _17f\"> </span>Decrem.<span class=\"_ _180\"> </span>Ammort.<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs415\">Variazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs416\">area da<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs417\">consolida-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs418\">mento<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs419\">Effetto<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs41a\">cambio<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc4 sc0 ls3 ws3 gs41b\">Diritti d\u2019uso su beni immobili<span class=\"_ _239\"> </span><span class=\"ff6\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs41c\">. costo originario<span class=\"_ _260\"> </span> 510.611 <span class=\"_ _195\"> </span> 577 <span class=\"_ _15\"> </span> 3.628 <span class=\"_ _252\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _ce\"> </span> 2 <span class=\"_ _181\"> </span> 507.562<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs41d\">. ammortamenti<span class=\"_ _200\"> </span> 79.179 <span class=\"_ _252\"> </span> -<span class=\"_ _257\"> </span> 3.352 <span class=\"_ _16d\"> </span> 39.428 <span class=\"_ _252\"> </span> -<span class=\"_ _ce\"> </span> 1 <span class=\"_ _181\"> </span> 115.256<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs41e\">Netto<span class=\"_ _ae\"> </span> 431.432 <span class=\"_ _195\"> </span> 577 <span class=\"_ _195\"> </span> 276 <span class=\"_ _16d\"> </span> 39.428 <span class=\"_ _252\"> </span> -<span class=\"_ _ce\"> </span> 1 <span class=\"_ _181\"> </span> 392.306<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff1 fs2 fc4 sc0 ls3 ws3 gs41f\">Diritti d\u2019uso su mezzi di trasporto<span class=\"_ _186\"> </span><span class=\"ff6\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs420\">. costo originario<span class=\"_ _261\"> </span> 496 <span class=\"_ _195\"> </span> 162 <span class=\"_ _a5\"> </span> 65 <span class=\"_ _252\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _155\"> </span> 593<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs421\">. ammortamenti<span class=\"_ _c1\"> </span> 260 <span class=\"_ _259\"> </span> -<span class=\"_ _130\"> </span> 42 <span class=\"_ _243\"> </span> 169 <span class=\"_ _252\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span> 387<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs422\">Netto<span class=\"_ _40\"> </span> 236 <span class=\"_ _195\"> </span> 162 <span class=\"_ _a5\"> </span> 23 <span class=\"_ _195\"> </span> 169 <span class=\"_ _259\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span> 206<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs423\">Totale Diritti d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff1 fs2 fc4 sc0 ls3 ws3 gs424\">locazione<span class=\"_ _262\"> </span><span class=\"ff6\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs425\">. costo originario<span class=\"_ _260\"> </span> 511.107 <span class=\"_ _195\"> </span> 739 <span class=\"_ _15\"> </span> 3.693 <span class=\"_ _252\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _ce\"> </span> 2 <span class=\"_ _181\"> </span> 508.155<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs426\">. ammortamenti<span class=\"_ _200\"> </span> 79.439 <span class=\"_ _252\"> </span> -<span class=\"_ _257\"> </span> 3.394 <span class=\"_ _16d\"> </span> 39.597 <span class=\"_ _252\"> </span> -<span class=\"_ _ce\"> </span> 1 <span class=\"_ _181\"> </span> 115.643<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs427\">Netto<span class=\"_ _263\"> </span> 431.668 <span class=\"_ _195\"> </span> 739 <span class=\"_ _243\"> </span> 299 <span class=\"_ _192\"> </span> 39.597 <span class=\"_ _259\"> </span> -<span class=\"_ _ce\"> </span> 1 <span class=\"_ _181\"> </span> 392.512<span class=\"_ _348\"> </span> </div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs429\">Dirit<span class=\"_ _1\"></span>ti d\u2019<span class=\"_ _0\"></span>uso delle attivit\u00e0 in loca<span class=\"_ _1\"></span>zione<span class=\"_ _133\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs42a\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs42b\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs42c\">31/12/2021<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs42d\">Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs42e\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs42f\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs430\">31/12/2022<span class=\"_ _25f\"></span><span class=\"fc4\">Increm.<span class=\"_ _17f\"> </span>Decrem.<span class=\"_ _180\"> </span>Ammort.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs431\">Variazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs432\">area da<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs433\">consolida-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs434\">mento<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs435\">Effetto<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs436\">cambio<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs437\">Diritti d\u2019uso su beni immobili<span class=\"_ _239\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span><span class=\"fc0\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs438\">. costo originario<span class=\"_ _260\"> </span> 507.562 <span class=\"_ _16d\"> </span> 15.991 <span class=\"_ _195\"> </span> 978 <span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span> -<span class=\"_ _155\"> </span> 106 <span class=\"_ _181\"> </span><span class=\"fc0\"> 522.681<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs439\">. ammortamenti<span class=\"_ _1b0\"> </span> 115.256 <span class=\"_ _9f\"> </span> <span class=\"_ _a5\"> </span> 476 <span class=\"_ _192\"> </span> 40.882 <span class=\"_ _259\"> </span> -<span class=\"_ _130\"> </span> 10 <span class=\"_ _181\"> </span><span class=\"fc0\"> 155.672<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs43a\">Netto<span class=\"_ _ae\"> </span> 392.306 <span class=\"_ _192\"> </span> 15.991 <span class=\"_ _243\"> </span> 502 <span class=\"_ _192\"> </span> 40.882 <span class=\"_ _252\"> </span> -<span class=\"_ _69\"> </span> 96 <span class=\"_ _181\"> </span><span class=\"fc0\"> 367.009<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs43b\">Diritti d\u2019uso su mezzi di trasporto<span class=\"_ _186\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span><span class=\"fc0\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs43c\">. costo originario<span class=\"_ _261\"> </span> 593 <span class=\"_ _195\"> </span> 433 <span class=\"_ _243\"> </span> 356 <span class=\"_ _168\"> </span>-<span class=\"_ _168\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span><span class=\"fc0\"> 670<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs43d\">. ammortamenti<span class=\"_ _c1\"> </span> 387 <span class=\"_ _9f\"> </span> <span class=\"_ _134\"> </span> 336 <span class=\"_ _195\"> </span> 146 <span class=\"_ _259\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span><span class=\"fc0\"> 197<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs43e\">Netto<span class=\"_ _40\"> </span> 206 <span class=\"_ _195\"> </span> 433 <span class=\"_ _a5\"> </span> 20 <span class=\"_ _195\"> </span> 146 <span class=\"_ _259\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span><span class=\"fc0\"> 473<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs43f\">Totale Diritti d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs440\">locazione<span class=\"_ _262\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _171\"> </span><span class=\"fc0\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs441\">. costo originario<span class=\"_ _260\"> </span> 508.155 <span class=\"_ _16d\"> </span> 16.424 <span class=\"_ _189\"> </span> 1.334 <span class=\"_ _259\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _12f\"> </span> 106 <span class=\"_ _181\"> </span><span class=\"fc0\"> 523.351<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs442\">. ammortamenti<span class=\"_ _1b0\"> </span> 115.643 <span class=\"_ _259\"> </span> -<span class=\"_ _155\"> </span> 812 <span class=\"_ _192\"> </span> 41.028 <span class=\"_ _252\"> </span> -<span class=\"_ _69\"> </span> 10 <span class=\"_ _181\"> </span><span class=\"fc0\"> 155.869<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs443\">Netto<span class=\"_ _263\"> </span><span class=\"fc4\"> 392.512 <span class=\"_ _16d\"> </span> 16.424 <span class=\"_ _195\"> </span> 522 <span class=\"_ _16d\"> </span> 41.028 <span class=\"_ _259\"> </span> -<span class=\"_ _130\"> </span> 96 <span class=\"_ _181\"> </span></span> 367.482<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs444\">Le consistenze e<span class=\"_ _0\"></span> le variazioni delle div<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>se voci nel<span class=\"_ _0\"></span>l\u2019<span class=\"_ _6\"></span>eserc<span class=\"_ _1\"></span>izio in<span class=\"_ _0\"></span> esam<span class=\"_ _1\"></span>e sono dettagliate nel seguit<span class=\"_ _0\"></span>o:<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls3 ws3 gs445\">Di<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>it<span class=\"_ _7\"></span>to d\u2019u<span class=\"_ _1\"></span>so s<span class=\"_ _1\"></span>u b<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ni i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd9 gs446\">La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 367<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>09 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r 40.8<span class=\"_ _1\"></span>82 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9a gs447\">si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>gli im<span class=\"_ _1\"></span>mob<span class=\"_ _1\"></span>ili, in s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uito a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4b gs448\">pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipio c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile IFR<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>6. L<span class=\"_ _4\"></span>\u2019incre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>5.991 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ivalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws41 gs449\">mon<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei q<span class=\"_ _1\"></span>uar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>ri fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tici, i<span class=\"_ _1\"></span>n pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>are a<span class=\"_ _1\"></span>lla Ca<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r 1<span class=\"_ _0\"></span>3.85<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs44a\">eur<span class=\"_ _1\"></span>o e all<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 Fie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no Co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si p<span class=\"_ _1\"></span>er 2.01<span class=\"_ _6\"></span>0 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13a gs44b\">Il de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ri a 50<span class=\"_ _1\"></span>2 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e al<span class=\"_ _1\"></span>la ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ura a<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i min<span class=\"_ _1\"></span>or<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls6 wsbc gs44c\">rile<span class=\"_ _0\"></span>vanza.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls3 ws3 gs44d\">Di<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>it<span class=\"_ _7\"></span>to d\u2019u<span class=\"_ _1\"></span>so s<span class=\"_ _1\"></span>u m<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>i t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws8e gs44e\">La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 4<span class=\"_ _0\"></span>73 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>46 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws17f gs44f\">si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso de<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>rco a<span class=\"_ _1\"></span>uto a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e, in se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to all\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs450\">con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _0\"></span>6.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs451\">Le variazioni sono correlate all\u2019<span class=\"_ _6\"></span>aggiornamento della flotta aziendale.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs452\">La vo<span class=\"_ _1\"></span>ce D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti d\u2019uso de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 in l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r 1<span class=\"_ _0\"></span>5.33<span class=\"_ _1\"></span>8 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (3<span class=\"_ _1\"></span>01 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws14e gs453\">31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a not<span class=\"_ _1\"></span>a 53<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs454\">dedicata a<span class=\"_ _0\"></span> tali operazioni<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div>6) A<span class=\"_ _0\"></span>vviament<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>lla voc<span class=\"_ _1\"></span>e inte<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>gli u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>i due e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no le s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span>Avviamenti<span class=\"_ _165\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _16c\"> </span> <span class=\"_ _2d\"> </span><span class=\"fs32\">(migliaia di euro)<span class=\"_ _348\"> </span></span></span>Situazione al<span class=\"_ _348\"> </span>31/12/2020<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _2f\"> </span>Decrem.<span class=\"_ _348\"> </span>Variazione<span class=\"_ _348\"> </span>area da<span class=\"_ _348\"> </span>consolidamento<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Avviamenti<span class=\"_ _265\"> </span><span class=\"ff6\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _91\"> </span> <span class=\"_ _3d\"> </span> <span class=\"_ _166\"> </span> </span>. costo originario<span class=\"_ _9d\"> </span> 111.633 <span class=\"_ _a3\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _a4\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _13d\"> </span> 111.633<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _ab\"> </span> 16.597 <span class=\"_ _d7\"> </span> -<span class=\"_ _d5\"> </span> -<span class=\"_ _174\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _19\"> </span> 16.597<span class=\"_ _348\"> </span>Netto<span class=\"_ _1f2\"> </span> 95.036 <span class=\"_ _d7\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _174\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _25e\"> </span> 95.036<span class=\"_ _348\"> </span>Avviamenti<span class=\"_ _165\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _16c\"> </span> <span class=\"_ _2d\"> </span><span class=\"fs32\">(migliaia di euro)<span class=\"_ _348\"> </span></span></span>Situazione al<span class=\"_ _348\"> </span>31/12/2021<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _2f\"> </span>Decrem.<span class=\"_ _348\"> </span>Variazione<span class=\"_ _348\"> </span>area da<span class=\"_ _348\"> </span>consolidamento<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Avviamenti<span class=\"_ _265\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _91\"> </span> <span class=\"_ _3d\"> </span> <span class=\"_ _166\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _9d\"> </span> 111.633 <span class=\"_ _a3\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _a4\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _13d\"> </span><span class=\"fc0\"> 111.633<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _ab\"> </span> 16.597 <span class=\"_ _d7\"> </span> -<span class=\"_ _d5\"> </span> -<span class=\"_ _174\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _19\"> </span><span class=\"fc0\"> 16.597<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _1f2\"> </span><span class=\"fc4\"> 95.036 <span class=\"_ _d7\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _174\"> </span> -<span class=\"_ _151\"> </span> -<span class=\"_ _25e\"> </span></span> 95.036<span class=\"_ _348\"> </span>Com<span class=\"_ _1\"></span>e ant<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>pato ne<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pito<span class=\"_ _1\"></span>lo re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo ai \u201cCr<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>ri di va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne\u201d<span class=\"_ _6\"></span>, gl<span class=\"_ _1\"></span>i Avvi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>enti ve<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>topo<span class=\"_ _1\"></span>sti a<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>dur<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>di ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ite di val<span class=\"_ _1\"></span>ore (<span class=\"_ _1\"></span><span class=\"ff12 ls38 wsb3\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t)</span> alla da<span class=\"_ _1\"></span>ta di c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio o p<span class=\"_ _1\"></span>i\u00f9 fr<span class=\"_ _1\"></span>eq<span class=\"_ _1\"></span>uen<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte s<span class=\"_ _1\"></span>e vi<span class=\"_ _348\"> </span>son<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e. Ino<span class=\"_ _1\"></span>ltre, s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>nto gi\u00e0 d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to al p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo 1<span class=\"_ _0\"></span>.6 \u201cUs<span class=\"_ _1\"></span>o di sti<span class=\"_ _1\"></span>me\u201d cir<span class=\"_ _1\"></span>ca l<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>mod<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>on cu<span class=\"_ _1\"></span>i si \u00e8 p<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>uto al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019<span class=\"ff12 ls38 ws11\">impair<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test</span>.<span class=\"_ _348\"> </span>Si ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rda c<span class=\"_ _1\"></span>he gl<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>lloc<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>lle r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ve <span class=\"ff12 ls8 ws4d\">cash-generatin<span class=\"_ _0\"></span>g uni<span class=\"_ _0\"></span>t<span class=\"ff6 ls3 ws1f\"> o grup<span class=\"_ _1\"></span>pi di </span>cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws3\"> </span></span>(CGU) d<span class=\"_ _1\"></span>i ap<span class=\"_ _1\"></span>par<span class=\"_ _7\"></span>ten<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>In pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>are, vo<span class=\"_ _1\"></span>len<span class=\"_ _1\"></span>do in<span class=\"_ _1\"></span>div<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>are \u201c<span class=\"_ _1\"></span>il pi\u00f9 p<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>col<span class=\"_ _1\"></span>o gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span>ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a ch<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o amp<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ind<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ai flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i in e<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>ta g<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti da a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 o g<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppi d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d (I<span class=\"_ _1\"></span>AS 36), si \u00e8 d<span class=\"_ _1\"></span>ata u<span class=\"_ _1\"></span>na de<span class=\"_ _1\"></span>finiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di CGU s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>ca p<span class=\"_ _1\"></span>er i d<span class=\"_ _1\"></span>iver<span class=\"_ _1\"></span>si <span class=\"ff12 ls39 ws92\">r<span class=\"_ _1\"></span>epor<span class=\"_ _1\"></span>table segment<span class=\"ff6\"> del Gruppo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span></span>Nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>l <span class=\"ff12 ls2a ws148\">Repor<span class=\"_ _1\"></span>table Segment</span><span class=\"ls8 ws1e1\"> \u201c<span class=\"_ _6\"></span>Attivit\u00e0 Fieristiche Italia\u201d<span class=\"_ _6\"></span>, le<span class=\"_ _0\"></span> CGU corrispondono alle singole manifesta<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></span>fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 svolte da<span class=\"_ _1\"></span>lla Ca<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no SpA<span class=\"_ _7\"></span>, da No<span class=\"_ _1\"></span>los<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nd S<span class=\"_ _1\"></span>pA e da M<span class=\"_ _1\"></span>AD<span class=\"_ _1\"></span>E<span class=\"_ _348\"> </span>eventi S<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>l.<span class=\"_ _348\"> </span>Nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>l <span class=\"ff12 ls39 ws41\">Repor<span class=\"_ _1\"></span>table Segment </span>\u201cEs<span class=\"_ _1\"></span>tero\u201d la s<span class=\"_ _1\"></span>itua<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8 diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>i Paes<span class=\"_ _1\"></span>i in cu<span class=\"_ _1\"></span>i il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po \u00e8 p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te con<span class=\"_ _348\"> </span>pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni (com<span class=\"_ _1\"></span>e in B<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>ile) r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to ai Pa<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i in cui i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdi d<span class=\"_ _1\"></span>i Join<span class=\"_ _1\"></span>t<span class=\"_ _348\"> </span>V<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>ture e c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i di lic<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za d\u2019uso di m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi (co<span class=\"_ _1\"></span>me in C<span class=\"_ _1\"></span>ina). Ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>imo c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o le C<span class=\"_ _1\"></span>GU co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>e sin<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i, nel s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o le CGU s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o rap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>l sin<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>o me<span class=\"_ _1\"></span>rca<span class=\"_ _1\"></span>to di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>Infin<span class=\"_ _1\"></span>e, nel <span class=\"ff12 ls39 ws120\">Re<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>table Segment</span><span class=\"ls37 wsf9\"> \u201cCongressi\u201d sono<span class=\"_ _0\"></span> individuabili<span class=\"_ _0\"></span> due CGU<span class=\"_ _0\"></span> corrispondenti alle attivit\u00e0 d<span class=\"_ _0\"></span>i Fiera Mil<span class=\"_ _0\"></span>ano<span class=\"_ _348\"> </span></span>Congressi e della<span class=\"_ _0\"></span> sua controllata<span class=\"_ _0\"></span> MiCo DMC<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>l test d<span class=\"_ _1\"></span>i <span class=\"ff12 ls39 ws92\">impairme<span class=\"_ _1\"></span>nt<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsef\">, p<span class=\"_ _1\"></span>er n<span class=\"_ _1\"></span>on in<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>re in c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>par<span class=\"_ _7\"></span>tizi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>rb<span class=\"_ _1\"></span>itr<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i, gli av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>llo<span class=\"_ _1\"></span>cati<span class=\"_ _348\"> </span></span></span>in base ad opportuni raggruppame<span class=\"_ _1\"></span>nti, che<span class=\"_ _0\"></span> riflet<span class=\"_ _1\"></span>tono la<span class=\"_ _0\"></span> visione strategica dell\u2019<span class=\"_ _6\"></span>impre<span class=\"_ _1\"></span>sa, nonch\u00e9 le modalit\u00e0 di<span class=\"_ _348\"> </span>costi<span class=\"_ _1\"></span>tuzione de<span class=\"_ _1\"></span>gli avvi<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>ti stessi.<span class=\"_ _348\"> </span>Di se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito si r<span class=\"_ _1\"></span>ipo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o i livell<span class=\"_ _1\"></span>i di all<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>gli av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws18a\">Rag<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto CG<span class=\"_ _1\"></span>U Att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 Fie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e Ita<span class=\"_ _1\"></span>lia p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive 89.581 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro: com<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span>le CGU c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a tut<span class=\"_ _1\"></span>te le m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate o os<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tate da F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano S<span class=\"_ _1\"></span>pA e da M<span class=\"_ _1\"></span>AD<span class=\"_ _1\"></span>E<span class=\"_ _348\"> </span>eventi S<span class=\"_ _1\"></span>rl, in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si i s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi di a<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto re<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati d<span class=\"_ _1\"></span>a Nol<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>d SpA<span class=\"_ _7\"></span>. \u00c8 allo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to a que<span class=\"_ _1\"></span>sto r<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA (<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ri a 76.091 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro), l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto di N<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>and S<span class=\"_ _1\"></span>pA (<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>2.581<span class=\"_ _348\"> </span>migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro) e l\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di MA<span class=\"_ _1\"></span>DE even<span class=\"_ _1\"></span>ti Sr<span class=\"_ _1\"></span>l (<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i a 9<span class=\"_ _1\"></span>09 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o). L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>SpA \u00e8 c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to: 29.84<span class=\"_ _6\"></span>1 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>no da<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto in Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _348\"> </span>fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te di Fo<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>a 1<span class=\"_ _6\"></span>7 di<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2001<span class=\"_ _6\"></span>; 4<span class=\"_ _1\"></span>0.2<span class=\"_ _1\"></span>23 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vano<span class=\"_ _348\"> </span>dalle acquisizioni di<span class=\"_ _0\"></span> societ\u00e0 organizz<span class=\"_ _1\"></span>atrici di manifestazioni fieristiche succe<span class=\"_ _1\"></span>ssivamente incorporate in F<span class=\"_ _0\"></span>iera<span class=\"_ _348\"> </span>Milano SpA nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ambito di div<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>se opera<span class=\"_ _1\"></span>zioni di fusione<span class=\"_ _0\"></span>; 5.94<span class=\"_ _6\"></span>7 migliaia di<span class=\"_ _0\"></span> euro derivante dalle<span class=\"_ _0\"></span> acquisizioni<span class=\"_ _348\"> </span>legate al digital publishing<span class=\"_ _0\"></span>; infine 80<span class=\"_ _0\"></span> migliaia di euro derivano<span class=\"_ _0\"></span> dall\u2019<span class=\"_ _6\"></span>acquisizione da par<span class=\"_ _1\"></span>te della<span class=\"_ _0\"></span> Capogruppo del<span class=\"_ _348\"> </span>ramo d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>zienda \u201cInformation Communication T<span class=\"_ _6\"></span>echnology\u201d<span class=\"_ _6\"></span>. L<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>viamento di Nolostand deriva dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acquisto<span class=\"_ _348\"> </span>del r<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da \u201cal<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i st<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>d\u201d da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te di N<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d SpA<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws184\">CGU \u201cC<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i\u201d: inclu<span class=\"_ _1\"></span>de l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, par<span class=\"_ _1\"></span>i a 5.455 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro, der<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>nte dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span></span>Milano Congressi Sp<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Il valo<span class=\"_ _1\"></span>re re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rab<span class=\"_ _1\"></span>ile d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e uni<span class=\"_ _1\"></span>t\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ci di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sa o g<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppi d<span class=\"_ _1\"></span>i <span class=\"ff12 ls8 ws12d\">cash-generatin<span class=\"_ _0\"></span>g uni<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsf2\">, c<span class=\"_ _1\"></span>ui i si<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>li av<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span></span></span>sono stati attribuiti, \u00e8<span class=\"_ _0\"></span> verificato attraverso la determinazione del valore<span class=\"_ _0\"></span> d\u2019<span class=\"_ _0\"></span>uso.<span class=\"_ _348\"> </span>La m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>gia d<span class=\"_ _1\"></span>i <span class=\"ff12 ls39 ws92\">impairme<span class=\"_ _1\"></span>nt</span> utiliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ta \u00e8 qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti (<span class=\"ff12 ls38 wsd6\">D<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>ounte<span class=\"_ _1\"></span>d Cas<span class=\"_ _1\"></span>h Flow</span><span class=\"ls47 wsff\">),<span class=\"_ _1\"></span> </span>bas<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a su p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ni fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie, ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ovate dai r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vi Or<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ni A<span class=\"_ _1\"></span>mmin<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ivi d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o. L<span class=\"_ _8\"></span>\u2019oriz<span class=\"_ _1\"></span>zonte<span class=\"_ _348\"> </span>temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r il tes<span class=\"_ _1\"></span>t al 31<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>2.<span class=\"_ _1\"></span>2022 \u00e8 di q<span class=\"_ _1\"></span>uat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ro es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi (20<span class=\"_ _1\"></span>23-20<span class=\"_ _1\"></span>26).<span class=\"_ _348\"> </span>La proiezione dei flussi finanziari success<span class=\"_ _1\"></span>ivi al periodo coper<span class=\"_ _1\"></span>to dall\u2019<span class=\"_ _6\"></span>orizzonte t<span class=\"_ _0\"></span>emporale delle proiezioni economico-<span class=\"_ _348\"> </span>finanziarie 2023-2<span class=\"_ _0\"></span>026 approv<span class=\"_ _0\"></span>ate dal<span class=\"_ _0\"></span> Consiglio di Amministrazione del 20 febbraio 202<span class=\"_ _0\"></span>3 \u00e8 stata calcolata par<span class=\"_ _1\"></span>tendo<span class=\"_ _348\"> </span>dalla media del margine operativ<span class=\"_ _0\"></span>o lordo dell\u2019<span class=\"_ _6\"></span>ultimo biennio delle previsioni finanziarie,<span class=\"_ _0\"></span> per sterilizzare gli effet<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>della stagionalit\u00e0 del calendario fieristico e ricostrue<span class=\"_ _1\"></span>ndo un flusso finanziario normalizzato, senza considerare<span class=\"_ _348\"> </span>vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e circ<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ante e<span class=\"_ _1\"></span>d inc<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>do gl<span class=\"_ _1\"></span>i invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti di m<span class=\"_ _1\"></span>ante<span class=\"_ _1\"></span>nim<span class=\"_ _1\"></span>ento o d<span class=\"_ _1\"></span>i sos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Il valo<span class=\"_ _1\"></span>re ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e \u00e8 sta<span class=\"_ _1\"></span>to ca<span class=\"_ _1\"></span>lco<span class=\"_ _1\"></span>lato c<span class=\"_ _1\"></span>ome r<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>rp<span class=\"_ _1\"></span>etu<span class=\"_ _1\"></span>a ot<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>api<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>io no<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato<span class=\"_ _348\"> </span>ad un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inato p<span class=\"_ _1\"></span>er s<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>olo Pae<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>i rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r le di<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>se C<span class=\"_ _1\"></span>GU. Si \u00e8 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto un<span class=\"_ _348\"> </span>fat<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e di cr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>ri a ze<span class=\"_ _1\"></span>ro in ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ni re<span class=\"_ _1\"></span>ali, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o nel t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di cre<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a sol<span class=\"_ _1\"></span>o il live<span class=\"_ _1\"></span>llo di in<span class=\"_ _1\"></span>fla<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span>sa<span class=\"_ _348\"> </span>nel m<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>io lun<span class=\"_ _1\"></span>go te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>a mon<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Il <span class=\"_ _1\"></span><span class=\"ff12 wsef\">W<span class=\"_ _0\"></span>ACC <span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>WACC-Weig<span class=\"_ _1\"></span>hte<span class=\"_ _1\"></span>d Aver<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>e Co<span class=\"_ _1\"></span>st of C<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>l<span class=\"_ _7\"></span><span class=\"ff6\">) uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 in It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a com<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>e: </span><span class=\"ls37 wsa0\">(i)</span><span class=\"ff6\"> un ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o </span><span class=\"ws3\">ri<span class=\"_ _1\"></span>sk<span class=\"_ _348\"> </span></span></span>free<span class=\"ff6 ls3 wsdd\"> pa<span class=\"_ _1\"></span>ri a 3,8<span class=\"_ _1\"></span>9% %<span class=\"_ _0\"></span>; <span class=\"ff12 ls37 wsa0\">(ii)</span> un <span class=\"ff12 ls8 wsd8\">Market<span class=\"_ _0\"></span> Risk<span class=\"_ _0\"></span> Premium<span class=\"_ _0\"></span><span class=\"ff6 ls3 wsdd\"> del 6,0%; <span class=\"ff12 ls39 ws92\">(iii)<span class=\"_ _0\"></span><span class=\"ff6 ls3 wsdd\"> un <span class=\"ff12 ls3a ws2f\">beta le<span class=\"_ _0\"></span>vered<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsdd\">, ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>ivo del<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>dia d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></span></span></span></span></span></span></span>set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re, pa<span class=\"_ _1\"></span>ri a 0,9<span class=\"_ _1\"></span>3; <span class=\"ff12 ls51 ws5c\">(iv)<span class=\"_ _1\"></span></span> un pr<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>io pe<span class=\"_ _1\"></span>r il r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>co va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le ne<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>se CG<span class=\"_ _1\"></span>U; <span class=\"ff12 ls51 ws5c\">(v)</span> un c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to del de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o pa<span class=\"_ _1\"></span>ri a 5,<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>8%<span class=\"_ _6\"></span>%<span class=\"_ _0\"></span>; <span class=\"ff12 ls2f ws9a\">(vi)</span> un\u2019incid<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l deb<span class=\"_ _1\"></span>ito su<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e invest<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>l 25<span class=\"_ _6\"></span>% (t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>get d<span class=\"_ _1\"></span>i set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re).<span class=\"_ _348\"> </span>I sin<span class=\"_ _1\"></span>goli p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ati de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ati fa<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l pi\u00f9 a<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto a fon<span class=\"_ _1\"></span>ti pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>li.  S<span class=\"_ _1\"></span>i \u00e8<span class=\"_ _348\"> </span>app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ato un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di im<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>te a flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i di imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>Il <span class=\"_ _1\"></span><span class=\"ff12 ls76 wsd8\">WA<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>C<span class=\"_ _7\"></span></span><span class=\"wsc1\"> util<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zato n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e CGU va<span class=\"_ _1\"></span>ria i<span class=\"_ _1\"></span>n fun<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e: <span class=\"ff12 ls37 wsa0\">(i)</span><span class=\"ls39 ws22\"> del d<span class=\"_ _0\"></span>iverso tasso <span class=\"ff12 ls3 wsc1\">risk f<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>e<span class=\"ff6\"> (as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l ren<span class=\"_ _1\"></span>dim<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span></span></span></span></span>del ti<span class=\"_ _1\"></span>tolo d<span class=\"_ _1\"></span>i sta<span class=\"_ _1\"></span>to a 1<span class=\"_ _0\"></span>0 ann<span class=\"_ _1\"></span>i del Pa<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla C<span class=\"_ _1\"></span>GU); <span class=\"ff12 ls37 wsa0\">(ii)</span> de<span class=\"_ _1\"></span>l diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ef<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>nte di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fico a<span class=\"_ _348\"> </span>cop<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>io di <span class=\"ff12 ls3e ws3c\">exe<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>tion</span> r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivo ai fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sa p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>li. T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e fat<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le evi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ze<span class=\"_ _348\"> </span>derivanti dagli<span class=\"_ _0\"></span> scost<span class=\"_ _1\"></span>amenti storici tra dat<span class=\"_ _0\"></span>i previsionali e consuntivi<span class=\"_ _0\"></span> nonch\u00e9 da valutazioni prospettiche rigua<span class=\"_ _1\"></span>rdanti<span class=\"_ _348\"> </span>le ini<span class=\"_ _1\"></span>ziati<span class=\"_ _1\"></span>ve di bu<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s; <span class=\"ff12 ls39 ws92\">(iii)</span><span class=\"ls7 ws94\"> del diverso costo del debito<span class=\"_ _0\"></span> finanziario in ragione del tasso di inflazione attesa nelle<span class=\"_ _348\"> </span></span>sin<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>e are<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>net<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di og<span class=\"_ _1\"></span>ni CGU.<span class=\"_ _348\"> </span>Per i ra<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti di CG<span class=\"_ _1\"></span>U o pe<span class=\"_ _1\"></span>r le CG<span class=\"_ _1\"></span>U a cui s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>i all<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ati gli av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti (At<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 Fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a e<span class=\"_ _348\"> </span>Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>) il wacc o<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to con l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>met<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i \u00e8 par<span class=\"_ _1\"></span>i a 8,8<span class=\"_ _1\"></span>3%<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Si evi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>zia c<span class=\"_ _1\"></span>he in n<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sun c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r gli av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no em<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>Son<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ate ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuate \u201ca<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0\u201d var<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>do s<span class=\"_ _1\"></span>ia il <span class=\"ff12 ls76 wsd8\">WA<span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>C<span class=\"_ _7\"></span></span> (+0,5<span class=\"_ _6\"></span>%) sia i flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>(-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0%) sia la ba<span class=\"_ _1\"></span>se di p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tenz<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>olo d<span class=\"_ _1\"></span>el T<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>l Value. In p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta te<span class=\"_ _1\"></span>rz<span class=\"_ _1\"></span>a a<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>considera la media del margine operativo lordo<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>intero quadriennio 202<span class=\"_ _0\"></span>3-2026<span class=\"_ _0\"></span> come base di par<span class=\"_ _1\"></span>tenza per il<span class=\"_ _348\"> </span>flus<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a su<span class=\"_ _1\"></span>cce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zzo<span class=\"_ _1\"></span>nte di pi<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o. T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>te le an<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>si di s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>te han<span class=\"_ _1\"></span>no dato e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>to pos<span class=\"_ _1\"></span>itivo.<span class=\"_ _348\"> </span>Infin<span class=\"_ _1\"></span>e, si \u00e8 volu<span class=\"_ _1\"></span>to ca<span class=\"_ _1\"></span>lco<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>l \u201cpun<span class=\"_ _1\"></span>to di rot<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra\u201d<span class=\"_ _6\"></span>, c<span class=\"_ _1\"></span>io\u00e8 l<span class=\"_ _1\"></span>a rid<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>te di flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri, r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>alle proiezioni economico-finanziarie 2023-2<span class=\"_ _0\"></span>026, che si<span class=\"_ _0\"></span> dovrebbe manifestare affinc<span class=\"_ _1\"></span>h\u00e9 si renda necessar<span class=\"_ _1\"></span>ia<span class=\"_ _348\"> </span>una sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>gli av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i. An<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>\u2019ultima a<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>isi h<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>nito in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni co<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>u valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>gli<span class=\"_ _348\"> </span>avviamenti iscritti in bilancio<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Per le C<span class=\"_ _1\"></span>GU ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te impa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tate d<span class=\"_ _1\"></span>all\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IFRS1<span class=\"_ _0\"></span>6 \u00e8 st<span class=\"_ _1\"></span>ato an<span class=\"_ _1\"></span>che e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito il tes<span class=\"_ _1\"></span>t sui va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i em<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>a se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to dell\u2019appli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di q<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>sto pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi<span class=\"_ _1\"></span>o (con d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>oe<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti) c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ndo i r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>raggiunti.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, c<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>lla vo<span class=\"_ _1\"></span>ce \u201cD<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 in lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e\u201d<span class=\"_ _6\"></span>, si s<span class=\"_ _1\"></span>egn<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>a che t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e voce n<span class=\"_ _1\"></span>on ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a ind<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti, p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>nto la ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e, dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>to qual<span class=\"_ _1\"></span>e il ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>d\u2019uso e il <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> me<span class=\"_ _1\"></span>no i c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one, p<span class=\"_ _1\"></span>u\u00f2 e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuat<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vame<span class=\"_ _1\"></span>nte ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>amb<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>lle CG<span class=\"_ _1\"></span>U cui<span class=\"_ _348\"> </span>afferisce.<span class=\"_ _348\"> </span>7) Attivit\u00e0 immateriali a vita<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span>La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni inte<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>gli u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>i due e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no le s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _d0\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/2020<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span>Rettifiche<span class=\"_ _348\"> </span>di valore<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _17d\"> </span>Riclassifiche<span class=\"_ _348\"> </span>Marchi e testate editoriali<span class=\"_ _16b\"> </span><span class=\"ff6\"> <span class=\"_ _13d\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _171\"> </span> </span>. costo originario<span class=\"_ _228\"> </span>23.815<span class=\"_ _1bc\"> </span> -<span class=\"_ _18d\"> </span> 13 <span class=\"_ _d9\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _257\"> </span>33<span class=\"_ _13d\"> </span>-21 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>23.814<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _a4\"> </span>13.931<span class=\"_ _243\"> </span> -<span class=\"_ _18d\"> </span> 13 <span class=\"_ _17e\"> </span>1.049<span class=\"_ _17\"> </span> -<span class=\"_ _18f\"> </span>21<span class=\"_ _12f\"> </span>-14 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>14.974<span class=\"_ _348\"> </span>Netto<span class=\"_ _55\"> </span>9.884<span class=\"_ _1bc\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _17e\"> </span> 1.049 <span class=\"_ _a\"> </span> -<span class=\"_ _267\"> </span> 12 <span class=\"_ _134\"> </span>-7 <span class=\"_ _1c2\"> </span> -<span class=\"_ _23c\"> </span> 8.840<span class=\"_ _348\"> </span>Concessioni, licenze e<span class=\"_ _348\"> </span>diritti simili<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _27\"> </span>5.173<span class=\"_ _18a\"> </span>280<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _c7\"> </span> -<span class=\"_ _132\"> </span>5.453<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _204\"> </span>4.557<span class=\"_ _1bc\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _194\"> </span>420<span class=\"_ _17\"> </span> -<span class=\"_ _173\"> </span> 4 <span class=\"_ _130\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _255\"> </span>4.981<span class=\"_ _348\"> </span>Netto<span class=\"_ _268\"> </span>616<span class=\"_ _192\"> </span> 280 <span class=\"_ _d9\"> </span> -<span class=\"_ _25c\"> </span> 420 <span class=\"_ _201\"> </span> -<span class=\"_ _18d\"> </span>-4 <span class=\"_ _25e\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _155\"> </span> 472<span class=\"_ _348\"> </span>Diritti di brevetto<span class=\"_ _348\"> </span>industriale<span class=\"_ _348\"> </span>e di utilizzo opere<span class=\"_ _348\"> </span>dell\u2019ingegno<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>39.661<span class=\"_ _180\"> </span>2.189<span class=\"_ _25c\"> </span> 344 <span class=\"_ _d9\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _173\"> </span> 2 <span class=\"_ _130\"> </span> -<span class=\"_ _155\"> </span> 3.762 <span class=\"_ _18a\"> </span>45.270<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _a4\"> </span>37.183<span class=\"_ _243\"> </span> -<span class=\"_ _25c\"> </span> 344 <span class=\"_ _17e\"> </span>1.726<span class=\"_ _254\"> </span> -<span class=\"_ _173\"> </span> 2 <span class=\"_ _130\"> </span> -<span class=\"_ _c7\"> </span> -<span class=\"_ _189\"> </span>38.567<span class=\"_ _348\"> </span>Netto<span class=\"_ _55\"> </span>2.478<span class=\"_ _188\"> </span> 2.189 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 1.726 <span class=\"_ _a\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _5d\"> </span> -<span class=\"_ _155\"> </span> 3.762 <span class=\"_ _15\"> </span> 6.703<span class=\"_ _348\"> </span>Immobilizzazioni<span class=\"_ _348\"> </span>immateriali in corso<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _186\"> </span> 4.028 <span class=\"_ _50\"> </span> 2.230 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1f6\"> </span>-3.762 <span class=\"_ _23c\"> </span>2.496<span class=\"_ _348\"> </span>Netto<span class=\"_ _269\"> </span> 4.028 <span class=\"_ _50\"> </span> 2.230 <span class=\"_ _d9\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1f6\"> </span>-3.762 <span class=\"_ _189\"> </span> 2.496<span class=\"_ _348\"> </span>Totale attivit\u00e0<span class=\"_ _348\"> </span>immateriali a vita definita<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>72.677<span class=\"_ _180\"> </span>4.699<span class=\"_ _194\"> </span>357<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _18f\"> </span>35<span class=\"_ _12f\"> </span>-21 <span class=\"_ _23f\"> </span> -<span class=\"_ _18a\"> </span> 77.033<span class=\"_ _348\"> </span>. ammortamenti<span class=\"_ _a4\"> </span>55.671<span class=\"_ _243\"> </span> -<span class=\"_ _25c\"> </span> 357 <span class=\"_ _17e\"> </span>3.195<span class=\"_ _254\"> </span> -<span class=\"_ _18f\"> </span>27<span class=\"_ _12f\"> </span>-14 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>58.522<span class=\"_ _348\"> </span>Netto<span class=\"_ _13\"> </span>17.006<span class=\"_ _181\"> </span>4.699<span class=\"_ _12f\"> </span> -<span class=\"_ _1fb\"> </span>3.195<span class=\"_ _254\"> </span> -<span class=\"_ _d9\"> </span>8<span class=\"_ _69\"> </span>-7 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>18.511<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _d0\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/2021<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span>Rettifiche<span class=\"_ _348\"> </span>di valore<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _17d\"> </span>Riclassifiche<span class=\"_ _348\"> </span>Marchi e testate editoriali<span class=\"_ _16b\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _171\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _228\"> </span>23.814<span class=\"_ _13d\"> </span> -<span class=\"_ _7c\"> </span> -<span class=\"_ _192\"> </span> 3.316 <span class=\"_ _192\"> </span>529<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _15\"> </span><span class=\"fc0\">21.027<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>14.974<span class=\"_ _13d\"> </span> -<span class=\"_ _e9\"> </span>1.053<span class=\"_ _16d\"> </span> 2.040 <span class=\"_ _192\"> </span>331<span class=\"_ _201\"> </span>-1 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span><span class=\"fc0\">14.317<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _55\"> </span>8.840<span class=\"_ _12f\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17f\"> </span> 1.053 <span class=\"_ _12d\"> </span> 1.276 <span class=\"_ _14\"> </span> 198 <span class=\"_ _12f\"> </span> 1 <span class=\"_ _1c2\"> </span> -<span class=\"_ _257\"> </span><span class=\"fc0\"> 6.710<span class=\"_ _348\"> </span></span>Concessioni, licenze e<span class=\"_ _348\"> </span>diritti simili<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _27\"> </span>5.453<span class=\"_ _194\"> </span>199<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _255\"> </span><span class=\"fc0\">5.652<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _204\"> </span>4.981<span class=\"_ _12f\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _194\"> </span>314<span class=\"_ _254\"> </span> -<span class=\"_ _9d\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _191\"> </span><span class=\"fc0\">5.295<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _268\"> </span>472<span class=\"_ _25c\"> </span> 199 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 314 <span class=\"_ _a\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _155\"> </span><span class=\"fc0\"> 357<span class=\"_ _348\"> </span></span>Diritti di brevetto<span class=\"_ _348\"> </span>industriale<span class=\"_ _348\"> </span>e di utilizzo opere<span class=\"_ _348\"> </span>dell\u2019ingegno<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>45.270<span class=\"_ _1fb\"> </span>1.604<span class=\"_ _13d\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _267\"> </span> 24 <span class=\"_ _a\"> </span> -<span class=\"_ _155\"> </span> 1.115 <span class=\"_ _18a\"> </span><span class=\"fc0\">48.013<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>38.567<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>3.295<span class=\"_ _17\"> </span> -<span class=\"_ _267\"> </span> 23 <span class=\"_ _a\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _15\"> </span><span class=\"fc0\">41.885<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _55\"> </span>6.703<span class=\"_ _17f\"> </span> 1.604 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 3.295 <span class=\"_ _197\"> </span> -<span class=\"_ _173\"> </span> 1 <span class=\"_ _a\"> </span> -<span class=\"_ _155\"> </span> 1.115 <span class=\"_ _189\"> </span><span class=\"fc0\"> 6.128<span class=\"_ _348\"> </span></span>Immobilizzazioni<span class=\"_ _348\"> </span>immateriali in corso<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _186\"> </span> 2.496 <span class=\"_ _18e\"> </span> 754 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _23c\"> </span>-135 <span class=\"_ _1f8\"> </span>-1.115 <span class=\"_ _23c\"> </span><span class=\"fc0\">2.000<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _269\"> </span> 2.496 <span class=\"_ _e\"> </span> 754 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _194\"> </span>-135 <span class=\"_ _26b\"> </span>-1.115 <span class=\"_ _15\"> </span><span class=\"fc0\"> 2.000<span class=\"_ _348\"> </span></span>Totale attivit\u00e0<span class=\"_ _348\"> </span>immateriali a vita definita<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>77.033<span class=\"_ _1fb\"> </span>2.557<span class=\"_ _13d\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _192\"> </span> 3.316 <span class=\"_ _192\"> </span>553<span class=\"_ _23c\"> </span>-135 <span class=\"_ _e2\"> </span> -<span class=\"_ _18a\"> </span><span class=\"fc0\"> 76.692<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>58.522<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>4.662<span class=\"_ _16d\"> </span> 2.040 <span class=\"_ _192\"> </span>354<span class=\"_ _201\"> </span>-1 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span><span class=\"fc0\">61.497<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _13\"> </span><span class=\"fc4\">18.511<span class=\"_ _190\"> </span>2.557<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>4.662<span class=\"_ _18a\"> </span>1.276<span class=\"_ _18a\"> </span>199<span class=\"_ _194\"> </span>-134 <span class=\"_ _e2\"> </span> -<span class=\"_ _189\"> </span></span>15.195<span class=\"_ _348\"> </span>Marchi e<span class=\"_ _0\"></span> T<span class=\"_ _6\"></span>estate editoriali<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 6.7<span class=\"_ _6\"></span>10 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro e r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a dai s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti m<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>hi di m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mila<span class=\"_ _1\"></span>n Ga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s Week <span class=\"_ _26c\"> </span>1<span class=\"_ _6\"></span>.6<span class=\"_ _1\"></span>44 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">MA<span class=\"_ _1\"></span>DE exp<span class=\"_ _1\"></span>o <span class=\"_ _26d\"> </span>1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>55 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Hos<span class=\"_ _1\"></span>t <span class=\"_ _26e\"> </span> 96<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Promotion T<span class=\"_ _6\"></span>rade Exhibition <span class=\"_ _e5\"> </span> 926 migliaia di<span class=\"_ _0\"></span> euro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mipa<span class=\"_ _1\"></span>p Mila<span class=\"_ _1\"></span>no Pr<span class=\"_ _1\"></span>\u00eat-\u00e0-<span class=\"_ _1\"></span>Por<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r <span class=\"_ _d7\"> </span> 9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">G! Co<span class=\"_ _1\"></span>me Gi<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>are <span class=\"_ _13\"> </span> 493 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>pote<span class=\"_ _1\"></span>c &amp; Lo<span class=\"_ _1\"></span>gite<span class=\"_ _1\"></span>c <span class=\"_ _26f\"> </span> 254 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Car<span class=\"_ _7\"></span>toom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>s <span class=\"_ _1d5\"> </span> 209 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro; </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Sal<span class=\"_ _1\"></span>one Fra<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>his<span class=\"_ _1\"></span>ing M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no <span class=\"_ _af\"> </span> 1<span class=\"_ _6\"></span>3<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t <span class=\"_ _40\"> </span> 6<span class=\"_ _1\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">BtoBio Expo <span class=\"_ _270\"> </span> 55 migliaia di<span class=\"_ _0\"></span> euro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Fruit&amp;<span class=\"_ _6\"></span>Veg I<span class=\"_ _0\"></span>nnovation<span class=\"_ _0\"></span>  <span class=\"_ _271\"> </span>6 migliaia di<span class=\"_ _0\"></span> euro.<span class=\"_ _348\"> </span></span>I marchi sono essenzialmente riconducibili a det<span class=\"_ _0\"></span>erminate manifestazioni fieristiche organiz<span class=\"_ _1\"></span>zate direttamente dal<span class=\"_ _348\"> </span>Gruppo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>I mar<span class=\"_ _1\"></span>chi s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>uti s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>to il co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>raver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i di ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span>che s<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o. In se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to alla s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>a di una v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>ve man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i e<span class=\"_ _348\"> </span>pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ti ad a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, in c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e al<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte cr<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o di co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e ind<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>I mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni so<span class=\"_ _1\"></span>no am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati in b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e a una v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e di die<span class=\"_ _1\"></span>ci e ve<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>nni. L<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i sin<span class=\"_ _1\"></span>goli m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r og<span class=\"_ _1\"></span>ni int<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>gibi<span class=\"_ _1\"></span>le sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>co la p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>ativa<span class=\"_ _348\"> </span>su un dat<span class=\"_ _0\"></span>o mercato di riferimento<span class=\"_ _6\"></span>, il posizionamento competitivo<span class=\"_ _0\"></span>, la marginalit\u00e0 operativa.<span class=\"_ _348\"> </span>Al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>se in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e che h<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>to ret<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e par<span class=\"_ _1\"></span>i a 1<span class=\"_ _0\"></span>.276<span class=\"_ _348\"> </span>migliaia di euro<span class=\"_ _0\"></span>, riferite ai seguenti marchi della<span class=\"_ _0\"></span> controllata Fiera Milano Brasil L<span class=\"_ _0\"></span>tda:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ex<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>c pe<span class=\"_ _1\"></span>r 599 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Fisp p<span class=\"_ _1\"></span>er 5<span class=\"_ _1\"></span>92 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">T<span class=\"_ _6\"></span>ub<span class=\"_ _1\"></span>otec<span class=\"_ _1\"></span>h pe<span class=\"_ _1\"></span>r 85 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></span>Le altre v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni sono di seguito<span class=\"_ _0\"></span> dettagliate:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">quote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r 1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>53 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio p<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tivo p<span class=\"_ _1\"></span>er 198 migli<span class=\"_ _1\"></span>aia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></span>Concessioni, licenze<span class=\"_ _0\"></span> e diritti simili<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 357 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r 31<span class=\"_ _6\"></span>4 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di 1<span class=\"_ _0\"></span>99 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne da p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te dell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po di l<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>nze s<span class=\"_ _1\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ware c<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span>dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti d\u2019uso lim<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le lic<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze sof<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>re a tem<span class=\"_ _1\"></span>po de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato so<span class=\"_ _1\"></span>no am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do di t<span class=\"_ _1\"></span>re an<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>Di<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>it<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span>i di b<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>eve<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e e di u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zo op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l\u2019i<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 6.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>28 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>er 3.<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro. Gli<span class=\"_ _348\"> </span>inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>.60<span class=\"_ _1\"></span>4 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e le r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>he da<span class=\"_ _1\"></span>lle im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>5 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>o ai c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i all\u2019imp<span class=\"_ _1\"></span>lem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>i e ad ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sti di s<span class=\"_ _1\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019ammo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to sul p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0 pa<span class=\"_ _1\"></span>ri a t<span class=\"_ _1\"></span>re an<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>Immobilizza<span class=\"_ _1\"></span>zioni in corso<span class=\"_ _0\"></span> e acconti<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 2.00<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e ai c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i sos<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>uti p<span class=\"_ _1\"></span>er le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>ei nu<span class=\"_ _1\"></span>ovi sis<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>informat<span class=\"_ _0\"></span>ivi aziendali<span class=\"_ _0\"></span> dalla<span class=\"_ _0\"></span> Capogruppo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Le attivit\u00e0, non appena completate, v<span class=\"_ _0\"></span>err<span class=\"_ _1\"></span>anno riclassificate alla corrisponde<span class=\"_ _1\"></span>nte v<span class=\"_ _0\"></span>oce degli immobilizzi con<span class=\"_ _348\"> </span>decor<span class=\"_ _1\"></span>renza dell\u2019<span class=\"_ _0\"></span>ammor<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>amento.<span class=\"_ _348\"> </span>8) P<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>n so<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te e <span class=\"ff4\">j<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 29.640 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (1<span class=\"_ _6\"></span>5.7<span class=\"_ _0\"></span>33 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alla p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el 25<span class=\"_ _0\"></span>% in Ge<span class=\"_ _1\"></span>.Fi. SpA p<span class=\"_ _1\"></span>er 13.589 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">alla partecipa<span class=\"_ _1\"></span>zione del 49<span class=\"_ _0\"></span>% in Hanno<span class=\"_ _0\"></span>ver Milano Global Germany GmbH per 1<span class=\"_ _6\"></span>2.5<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0 migliaia di euro<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alla p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el 49% in Ipa<span class=\"_ _1\"></span>ck Im<span class=\"_ _1\"></span>a Sr<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r 2.969 m<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alla p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el 51<span class=\"_ _4\"></span>% in M<span class=\"_ _1\"></span>iC<span class=\"_ _1\"></span>o DMC S<span class=\"_ _1\"></span>rl p<span class=\"_ _1\"></span>er 572 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span></span>T<span class=\"_ _6\"></span>ale voce ha<span class=\"_ _0\"></span> sub\u00ecto nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio la seguente mo<span class=\"_ _0\"></span>vimentazione:<span class=\"_ _348\"> </span>Par<span class=\"_ _1\"></span>tecipazioni in societ\u00e0 collegate e <span class=\"ff19\">joint venture<span class=\"_ _fc\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span></span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/21<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Distribuzione<span class=\"_ _348\"> </span>dividendi <span class=\"_ _11\"> </span>Incremento<span class=\"_ _348\"> </span>acquisto<span class=\"_ _348\"> </span>Gefi<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Partecipazioni valutate con il<span class=\"_ _348\"> </span>metodo del patrimonio netto<span class=\"_ _194\"> </span> 15.733 <span class=\"_ _193\"> </span> 466 <span class=\"_ _21a\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _14\"> </span>13.426 <span class=\"_ _69\"> </span>25 <span class=\"_ _18d\"> </span>-10<span class=\"_ _18a\"> </span><span class=\"fc0\"> 29.640<span class=\"_ _348\"> </span></span>Totale<span class=\"_ _273\"> </span><span class=\"fc4\"> 15.733 <span class=\"_ _193\"> </span> 466 <span class=\"_ _16\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _14\"> </span>13.426 <span class=\"_ _130\"> </span>25<span class=\"_ _26b\"> </span>-10<span class=\"_ _274\"> </span></span> 29.640<span class=\"_ _348\"> </span>Per ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agli s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>nvia al<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 2 \u201cIn<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>iva su <span class=\"ff12 ls38 ws11\">Joi<span class=\"_ _1\"></span>nt Venture</span><span class=\"ls7 ws34\"> e societ\u00e0 collegate\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>9) Altre parteci<span class=\"_ _1\"></span>pazioni<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 32 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (82 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>). Rapp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nta l<span class=\"_ _1\"></span>a quo<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>tecipazione al Comitato Golden Card.<span class=\"_ _348\"> </span>1<span class=\"_ _0\"></span>0) Altre attivit\u00e0 finanziarie<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 2.38<span class=\"_ _1\"></span>6 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (<span class=\"_ _1\"></span>71 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>\u00ec com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span>Altre at<span class=\"_ _1\"></span>tivit\u00e0 finanziar<span class=\"_ _1\"></span>ie <span class=\"_ _1ce\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Strumento derivato<span class=\"_ _44\"> </span><span class=\"fc0\"> 2.315 <span class=\"_ _83\"> </span></span> -<span class=\"_ _2e\"> </span> 2.315<span class=\"_ _348\"> </span>Finanziamenti verso <span class=\"ff12\">Joint Venture<span class=\"_ _ec\"> </span></span><span class=\"fc0\"> 71 <span class=\"_ _27\"> </span></span> 71 <span class=\"_ _83\"> </span> -<span class=\"_ _348\"> </span>Totale<span class=\"_ _276\"> </span> 2.386 <span class=\"_ _26\"> </span><span class=\"fc4\"> 71 <span class=\"_ _3d\"> </span> 2.315<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ogli<span class=\"_ _1\"></span>e lo st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to der<span class=\"_ _1\"></span>ivato di c<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tur<span class=\"_ _1\"></span>a fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>, pe<span class=\"_ _1\"></span>r 2.3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>to al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue </span><span class=\"ws3\">e<span class=\"_ _348\"> </span></span>calcolato<span class=\"ff12 ls3 ws3\"> </span><span class=\"ls38 ws11\">median<span class=\"_ _1\"></span>te l\u2019<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>tilizzo di mod<span class=\"_ _1\"></span>elli di <span class=\"ff12 ls49 ws3f\">prici<span class=\"_ _1\"></span>ng</span><span class=\"ls46 wsd9\"> comunicati dall<span class=\"_ _0\"></span>\u2019ist<span class=\"_ _0\"></span>ituto bancario emittente<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span></span>La vo<span class=\"_ _1\"></span>ce A<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 71 migliai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (<span class=\"_ _1\"></span>71 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>dan<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>) Crediti commerciali<span class=\"_ _6\"></span> e altri<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 33.424 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro (31<span class=\"_ _6\"></span>.961 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ti:<span class=\"_ _348\"> </span>Crediti commerciali e altri<span class=\"_ _61\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _1be\"> </span> <span class=\"_ _12f\"> </span><span class=\"fs32\">(migliaia di euro)</span></span> <span class=\"_ _275\"> </span>31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span>Altri crediti verso Controllante<span class=\"_ _ca\"> </span><span class=\"fc0\"> 10.412 <span class=\"_ _24f\"> </span></span> 10.544 <span class=\"_ _af\"> </span>-132<span class=\"_ _348\"> </span> Crediti verso Controllante per consolidato fiscale<span class=\"_ _159\"> </span><span class=\"fc0\"> 22.828 <span class=\"_ _3b\"> </span></span> 21.308 <span class=\"_ _3d\"> </span> 1.520<span class=\"_ _348\"> </span> Altri crediti depositi cauzionali<span class=\"_ _ee\"> </span><span class=\"fc0\"> 184 <span class=\"_ _228\"> </span></span> 109 <span class=\"_ _26\"> </span> 75<span class=\"_ _348\"> </span> Totale<span class=\"_ _226\"> </span> 33.424 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 31.961 <span class=\"_ _3d\"> </span> 1.463<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Comprendono:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws59\">alt<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o Co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>nte pe<span class=\"_ _1\"></span>r 1<span class=\"_ _0\"></span>0.4<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>2 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _0\"></span>0.54<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>). Si<span class=\"_ _348\"> </span></span><span class=\"fc4 ws59\"> </span>riferiscono al deposito cauzionale relativ<span class=\"_ _0\"></span>o ai contratti di locazione immobiliare dei due quartieri fier<span class=\"_ _1\"></span>istici di<span class=\"_ _348\"> </span> Rho e d<span class=\"_ _1\"></span>i Mila<span class=\"_ _1\"></span>no. Il val<span class=\"_ _1\"></span>ore e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>vale a<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r un tr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>i due c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one. L<span class=\"_ _1\"></span>a va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e si<span class=\"_ _348\"> </span> rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a a breve ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>to der<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>te dal d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to alla r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> di Fondazione Fiera Milano<span class=\"_ _0\"></span> del deposito cauzionale v<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>sato in<span class=\"_ _0\"></span> vir<span class=\"_ _1\"></span>t\u00f9 dei due precedenti contratti di locazione;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws114\">cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>so C<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ante p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>dato fi<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ale p<span class=\"_ _1\"></span>er 2<span class=\"_ _1\"></span>2.828 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (21<span class=\"_ _6\"></span>.30<span class=\"_ _1\"></span>8 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span><span class=\"fc4 ws114\"> </span>31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>). Si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no al<span class=\"_ _1\"></span>la re<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ite fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li de<span class=\"_ _1\"></span>gli e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zi 2020, 2021 e 2022<span class=\"_ _348\"> </span> app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tate a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>ato fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>n Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no e is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lla val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e sul<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span> recuperabilit\u00e0,<span class=\"_ _0\"></span> nei lim<span class=\"_ _0\"></span>iti del<span class=\"_ _0\"></span>l\u2019<span class=\"_ _6\"></span>orizzont<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rale dei pi<span class=\"_ _0\"></span>ani appro<span class=\"_ _0\"></span>vati<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span> \u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alt<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>i cau<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nali p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r 1<span class=\"_ _6\"></span>8<span class=\"_ _1\"></span>4 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _0\"></span>09 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce Cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iti c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li e al<span class=\"_ _1\"></span>tri i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude 3<span class=\"_ _1\"></span>3.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>40 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (31<span class=\"_ _6\"></span>.852 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span> riguardanti opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>12) At<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>if<span class=\"_ _7\"></span>fe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>4 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>4.01<span class=\"_ _6\"></span>1 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>l sa<span class=\"_ _1\"></span>ldo tr<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> imp<span class=\"_ _1\"></span>oste di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rite a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate a live<span class=\"_ _1\"></span>llo di s<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>ole s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>Per le a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lisi r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tive al<span class=\"_ _1\"></span>la movi<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive si r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a not<span class=\"_ _1\"></span>a 49 de<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Attivit\u00e0 correnti<span class=\"_ _348\"> </span>1<span class=\"_ _0\"></span>3) Crediti<span class=\"_ _0\"></span> commerciali e<span class=\"_ _6\"></span> alt<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>Crediti commerciali e altri<span class=\"_ _61\"> </span><span class=\"ff6 fs2 fc0 ls3 ws3\"> <span class=\"_ _1be\"> </span><span class=\"fc4\"> <span class=\"_ _12f\"> </span><span class=\"fs32\">(migliaia di euro)</span></span></span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Crediti verso clienti<span class=\"_ _111\"> </span><span class=\"fc0\"> 24.038 <span class=\"_ _24f\"> </span></span> 21.136 <span class=\"_ _3d\"> </span> 2.902<span class=\"_ _348\"> </span>Crediti verso Controllante<span class=\"_ _1c0\"> </span><span class=\"fc0\"> 3.285 <span class=\"_ _3d\"> </span></span> 2.307 <span class=\"_ _228\"> </span> 978<span class=\"_ _348\"> </span>Crediti commerciali verso collegate e <span class=\"ff12\">joint venture<span class=\"_ _277\"> </span></span><span class=\"fc0\"> 2.110 <span class=\"_ _3d\"> </span></span> 1.809 <span class=\"_ _228\"> </span> 301<span class=\"_ _348\"> </span>Crediti commerciali verso altre parti correlate<span class=\"_ _4b\"> </span><span class=\"fc0\"> 35 <span class=\"_ _7c\"> </span></span> 9 <span class=\"_ _26\"> </span> 27<span class=\"_ _348\"> </span>Altri crediti<span class=\"_ _278\"> </span><span class=\"fc0\"> 2.745 <span class=\"_ _3d\"> </span></span> 4.251 <span class=\"_ _227\"> </span>-1.506<span class=\"_ _348\"> </span>Risconti attivi verso Controllante<span class=\"_ _ec\"> </span><span class=\"fc0\"> 119 <span class=\"_ _6e\"> </span></span> 110 <span class=\"_ _7c\"> </span> 9<span class=\"_ _348\"> </span>Risconti attivi verso collegate e<span class=\"ff12\"> joint venture<span class=\"_ _251\"> </span></span><span class=\"fc0\"> 1 <span class=\"_ _83\"> </span></span> -<span class=\"_ _158\"> </span> 1<span class=\"_ _348\"> </span>Ratei e risconti attivi<span class=\"_ _279\"> </span><span class=\"fc0\"> 1.071 <span class=\"_ _3d\"> </span></span> 1.508 <span class=\"_ _166\"> </span>-437<span class=\"_ _348\"> </span>Totale<span class=\"_ _226\"> </span> 33.404 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 31.130 <span class=\"_ _3d\"> </span> 2.274<span class=\"_ _348\"> </span></span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 33.4<span class=\"_ _1\"></span>04 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (31<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>30 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span>V<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no ne<span class=\"_ _1\"></span>l se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to des<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te le p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ali ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ie di c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti.<span class=\"_ _348\"> </span>I Cre<span class=\"_ _1\"></span>diti ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so cl<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no pa<span class=\"_ _1\"></span>ri a 24.038 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (21<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>36 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del fo<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o svalut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>273 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro. Ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no i cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iti ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o org<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zato<span class=\"_ _1\"></span>ri, e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tori<span class=\"_ _348\"> </span>e alt<span class=\"_ _1\"></span>ri p<span class=\"_ _1\"></span>er le p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ative a<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa a d<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l Qu<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>re fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>co e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e e all<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>nitu<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>dei s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>nes<span class=\"_ _1\"></span>si.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019ammo<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti \u00e8 st<span class=\"_ _1\"></span>ato re<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>ato me<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ante l\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di u<span class=\"_ _1\"></span>n fond<span class=\"_ _1\"></span>o svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti, a<span class=\"_ _1\"></span>l fine d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>dur<span class=\"_ _1\"></span>re il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti di du<span class=\"_ _1\"></span>bbi<span class=\"_ _1\"></span>a re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 al va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto re<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>zo. L<span class=\"_ _4\"></span>\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>fond<span class=\"_ _1\"></span>o si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>ce a c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti p<span class=\"_ _1\"></span>er i q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li se ne \u00e8 a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>ta l\u2019ines<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ale fondo<span class=\"_ _0\"></span>, ha sub\u00ecto<span class=\"_ _0\"></span> nell\u2019<span class=\"_ _6\"></span>esercizio la seguente movimentazione:<span class=\"_ _348\"> </span>(migliaia di euro) <span class=\"_ _f3\"> </span><span class=\"ff1\">31/12/21<span class=\"_ _16d\"> </span>accantonamenti<span class=\"_ _348\"> </span></span>utilizzi e altri<span class=\"_ _348\"> </span>movimenti<span class=\"_ _74\"> </span><span class=\"fc0\">31/12/22<span class=\"_ _348\"> </span></span>Fondo svalutazione crediti<span class=\"_ _17a\"> </span> 3.037 <span class=\"_ _27\"> </span> 69 <span class=\"_ _3d\"> </span> 1.833 <span class=\"_ _3d\"> </span><span class=\"ff1 fc0\"> 1.273<span class=\"_ _348\"> </span></span>I Cre<span class=\"_ _1\"></span>diti ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ante p<span class=\"_ _1\"></span>er 3.<span class=\"_ _1\"></span>285 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (2.307 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec<span class=\"_ _348\"> </span>composti<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r IVA di Grup<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 768 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (9<span class=\"_ _1\"></span>86 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alt<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti pa<span class=\"_ _1\"></span>ri a 2.51<span class=\"_ _6\"></span>7 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>321 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span></span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sce p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ai ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi ai p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>i invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ti e dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>da Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no SpA<span class=\"_ _7\"></span>, del c<span class=\"_ _1\"></span>ui so<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>nime<span class=\"_ _1\"></span>nto si \u00e8 f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o la Co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>nte Fon<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no, ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>amb<span class=\"_ _1\"></span>ito<span class=\"_ _348\"> </span>del p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>no pe<span class=\"_ _1\"></span>r la c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>eti<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 e l<span class=\"_ _1\"></span>a sos<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>re fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he.<span class=\"_ _348\"> </span>Cre<span class=\"_ _1\"></span>diti c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ali ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>te e <span class=\"ff12 ls38 ws5b\">joint ventu<span class=\"_ _1\"></span>re</span> p<span class=\"_ _1\"></span>er 2.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre<span class=\"_ _348\"> </span>2<span class=\"_ _1\"></span>0<span class=\"_ _7\"></span>2<span class=\"_ _1\"></span>1)<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span> Le presta<span class=\"_ _1\"></span>zioni e i<span class=\"_ _0\"></span> ser<span class=\"_ _1\"></span>vizi sono forniti nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ambito dell\u2019<span class=\"_ _6\"></span>organizz<span class=\"_ _1\"></span>azione e della gestione delle manifestazioni<span class=\"_ _348\"> </span>uni<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te agli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i eventi g<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>titi n<span class=\"_ _1\"></span>el Q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ere fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Gli A<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti pa<span class=\"_ _1\"></span>ri a 2.7<span class=\"_ _4\"></span>4<span class=\"_ _1\"></span>5 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (4.25<span class=\"_ _0\"></span>1 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>titui<span class=\"_ _1\"></span>ti da:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">anti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>i a for<span class=\"_ _1\"></span>nito<span class=\"_ _1\"></span>ri p<span class=\"_ _1\"></span>er 8<span class=\"_ _1\"></span>58 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.6<span class=\"_ _1\"></span>93 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alt<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti tr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ri p<span class=\"_ _1\"></span>er 4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (<span class=\"_ _1\"></span>755 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i IVA per 5 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (8<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r acc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ti di im<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ta s<span class=\"_ _1\"></span>u TFR p<span class=\"_ _1\"></span>er 36<span class=\"_ _1\"></span>9 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (3<span class=\"_ _1\"></span>35 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>so di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er 6<span class=\"_ _1\"></span>4 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (<span class=\"_ _1\"></span>96 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">acc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ti e cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ti Ina<span class=\"_ _1\"></span>il pe<span class=\"_ _1\"></span>r 1<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>6 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (1<span class=\"_ _6\"></span>49 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">alt<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>er 91<span class=\"_ _6\"></span>7 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span></span>I Rate<span class=\"_ _1\"></span>i e ris<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vi pa<span class=\"_ _1\"></span>ri a 1.<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>1 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>508 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>iti a p<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>as<span class=\"_ _1\"></span>sic<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>i futu<span class=\"_ _1\"></span>ri.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce C<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li e al<span class=\"_ _1\"></span>tri i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude 5.<span class=\"_ _1\"></span>550 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (4.235 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span>riguardanti opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>1<span class=\"_ _6\"></span>4) Rimanenze<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 3.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (3.<span class=\"_ _1\"></span>280 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span>Rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>enze<span class=\"_ _1ef\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _1be\"> </span> <span class=\"_ _12f\"> </span><span class=\"fs32\">(migliaia di euro)</span></span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Costi sospesi<span class=\"_ _d2\"> </span><span class=\"fc0\">3.144<span class=\"_ _41\"> </span></span>3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span>Totale<span class=\"_ _229\"> </span>3.144<span class=\"_ _41\"> </span><span class=\"fc4\">3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span></span>I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>i svolge<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>20<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2.<span class=\"_ _348\"> </span>Nella tabella seguente se ne<span class=\"_ _0\"></span> analizz<span class=\"_ _1\"></span>ano i dettagli per manifesta<span class=\"_ _1\"></span>zione:<span class=\"_ _348\"> </span>Manifesta<span class=\"_ _1\"></span>zione <span class=\"_ _1a9\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\"> (migliaia di euro)</span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21 <span class=\"_ _254\"> </span> Variazione<span class=\"_ _348\"> </span></span>Host <span class=\"_ _275\"> </span><span class=\"fc0\"> 961 <span class=\"_ _6e\"> </span></span> 148 <span class=\"_ _186\"> </span>813<span class=\"_ _348\"> </span>Made Expo <span class=\"_ _114\"> </span><span class=\"fc0\"> 860 <span class=\"_ _26\"> </span></span> 50 <span class=\"_ _1fe\"> </span>810<span class=\"_ _348\"> </span>Issa Pulire <span class=\"_ _1c8\"> </span><span class=\"fc0\"> 248 <span class=\"_ _256\"> </span></span> -<span class=\"_ _26\"> </span>248<span class=\"_ _348\"> </span>Sicurezza <span class=\"_ _27a\"> </span><span class=\"fc0\"> 202 <span class=\"_ _26\"> </span></span> 12 <span class=\"_ _186\"> </span>190<span class=\"_ _348\"> </span>Bit <span class=\"_ _1cd\"> </span><span class=\"fc0\"> 143 <span class=\"_ _26\"> </span></span> 56 <span class=\"_ _27b\"> </span>87<span class=\"_ _348\"> </span>Print4all <span class=\"_ _8e\"> </span><span class=\"fc0\"> 80 <span class=\"_ _6e\"> </span></span> 354 <span class=\"_ _166\"> </span>-274<span class=\"_ _348\"> </span>Transpotec &amp; Logitec <span class=\"_ _10e\"> </span><span class=\"fc0\"> 76 <span class=\"_ _228\"> </span></span> 655 <span class=\"_ _af\"> </span>-579<span class=\"_ _348\"> </span>Fesqua <span class=\"_ _14e\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 550 <span class=\"_ _af\"> </span>-550<span class=\"_ _348\"> </span>Expodetergo International <span class=\"_ _e0\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 405 <span class=\"_ _166\"> </span>-405<span class=\"_ _348\"> </span>Fisp <span class=\"_ _27c\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 383 <span class=\"_ _166\"> </span>-383<span class=\"_ _348\"> </span>Exposec <span class=\"_ _1cb\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 268 <span class=\"_ _166\"> </span>-268<span class=\"_ _348\"> </span>Congressi e altre manifestazioni <span class=\"_ _ec\"> </span><span class=\"fc0\"> 574 <span class=\"_ _228\"> </span></span> 399 <span class=\"_ _1fe\"> </span>175<span class=\"_ _348\"> </span>Totale <span class=\"_ _276\"> </span>3.144<span class=\"_ _41\"> </span><span class=\"fc4\">3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span></span>La variazione rispet<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _6\"></span>esercizio precedente \u00e8 conseguente principalmente alla<span class=\"_ _0\"></span> cadenza bienna<span class=\"_ _1\"></span>le o pluriennale<span class=\"_ _348\"> </span>di al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i. I co<span class=\"_ _1\"></span>sti de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ibui<span class=\"_ _1\"></span>bili a<span class=\"_ _1\"></span>lle m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ric<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ciu<span class=\"_ _1\"></span>ti nel<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do i<span class=\"_ _1\"></span>n cui s<span class=\"_ _1\"></span>i svolge l\u2019<span class=\"_ _0\"></span>evento e c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i nel<span class=\"_ _1\"></span>la voc<span class=\"_ _1\"></span>e rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>enze.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di ta<span class=\"_ _1\"></span>le fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cie a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a a 2.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7<span class=\"_ _0\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce R<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>8 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (25 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ard<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ver<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>i rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>da al<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 53 d<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ta a ta<span class=\"_ _1\"></span>li op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>1<span class=\"_ _0\"></span>5) A<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>ivit\u00e0 finanziarie<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 36<span class=\"_ _1\"></span>.420 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (8.<span class=\"_ _1\"></span>205 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie <span class=\"_ _27d\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Time Deposit<span class=\"_ _1ee\"> </span><span class=\"fc0\"> 30.652 <span class=\"_ _83\"> </span></span> -<span class=\"_ _179\"> </span> 30.652<span class=\"_ _348\"> </span>Fondi comuni di investimento ESG<span class=\"_ _a9\"> </span><span class=\"fc0\"> 5.065 <span class=\"_ _3d\"> </span></span> 5.797 <span class=\"_ _28\"> </span>-732<span class=\"_ _348\"> </span>Finanziamenti verso <span class=\"ff12\">Joint Venture<span class=\"_ _fa\"> </span></span><span class=\"fc0\"> 703 <span class=\"_ _3d\"> </span></span> 2.408 <span class=\"_ _227\"> </span>-1.705<span class=\"_ _348\"> </span>Totale<span class=\"_ _226\"> </span> 36.420 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 8.205 <span class=\"_ _3b\"> </span> 28.215<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ogli<span class=\"_ _1\"></span>e le se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti voci d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws50\">pe<span class=\"_ _1\"></span>r 30.0<span class=\"_ _1\"></span>93 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro i d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti vi<span class=\"_ _1\"></span>nco<span class=\"_ _1\"></span>lati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ivi d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>ateo d<span class=\"_ _1\"></span>i inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>rato s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span></span>Ban<span class=\"_ _1\"></span>ca S<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>ma (20.071 migliai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro) e co<span class=\"_ _1\"></span>n Ban<span class=\"_ _1\"></span>ca N<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e del L<span class=\"_ _1\"></span>avor<span class=\"_ _1\"></span>o (1<span class=\"_ _6\"></span>0.02<span class=\"_ _1\"></span>2 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro);<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsac\">pe<span class=\"_ _1\"></span>r 5.06<span class=\"_ _1\"></span>5 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro l<span class=\"_ _1\"></span>e quote n<span class=\"_ _1\"></span>ei fon<span class=\"_ _1\"></span>di c<span class=\"_ _1\"></span>omu<span class=\"_ _1\"></span>ni di inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>ento ESG va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ate al <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>. Il <span class=\"ff12\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ws3\"> </span></span>vie<span class=\"_ _1\"></span>ne val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>to sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato d<span class=\"_ _1\"></span>el tito<span class=\"_ _1\"></span>lo al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>22 co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sivo di c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsfe\">pe<span class=\"_ _1\"></span>r 703 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro, il fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 in <span class=\"ff12 ls38 wsc6\">j<span class=\"_ _1\"></span>oint ventu<span class=\"_ _1\"></span>re</span> Ipa<span class=\"_ _1\"></span>ck Im<span class=\"_ _1\"></span>a Sr<span class=\"_ _1\"></span>l. Il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cato<span class=\"_ _348\"> </span></span>par<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>l\u20191<span class=\"_ _6\"></span>,50%, \u00e8 stato in<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ato a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span>l 1<span class=\"_ _6\"></span>\u00b0 o<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to al p<span class=\"_ _1\"></span>rec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u20191<span class=\"_ _6\"></span>,30%.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, p<span class=\"_ _1\"></span>er 5<span class=\"_ _1\"></span>59 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro s<span class=\"_ _1\"></span>i rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e ai d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti vin<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lati e s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on il Ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>o do Br<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>il S/A e il Banc<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Santander dalla societ\u00e0 Fiera Milano Brasil Ltda.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce At<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 703 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (2.408 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>1<span class=\"_ _0\"></span>6) Disponibi<span class=\"_ _0\"></span>lit\u00e0 liquide<span class=\"_ _0\"></span> e mezzi<span class=\"_ _0\"></span> equivalenti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 81<span class=\"_ _6\"></span>.97<span class=\"_ _0\"></span>1 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>8.250 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uite pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>\u00e9<span class=\"_ _348\"> </span>inter<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te da dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ide b<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie. L<span class=\"_ _4\"></span>\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to \u00e8 is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to al n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liq<span class=\"_ _1\"></span>uid<span class=\"_ _1\"></span>e prev<span class=\"_ _1\"></span>iste in<span class=\"_ _348\"> </span>usc<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il co<span class=\"_ _1\"></span>nfe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>amo d\u2019azie<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>a rel<span class=\"_ _1\"></span>ativo a<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>ttof<span class=\"_ _1\"></span>ood<span class=\"_ _1\"></span>\u201d pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>.80<span class=\"_ _1\"></span>9 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro<span class=\"_ _348\"> </span>(48 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>). Per mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a not<span class=\"_ _1\"></span>a 1<span class=\"_ _6\"></span>.7 \u201cInfo<span class=\"_ _1\"></span>rma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>glieva i c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uti p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r fr<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e la<span class=\"_ _348\"> </span>sospensione delle attivit\u00e0 fieristiche a seguito dell\u2019<span class=\"_ _6\"></span>emergenza di Covid-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9 incassati nell\u2019<span class=\"_ _0\"></span>ultima parte dell\u2019<span class=\"_ _6\"></span>anno.<span class=\"_ _348\"> </span>La d<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21 si rileva ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to \u201cR<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>nto fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>consolidato\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>1.<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>) At<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>la ve<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 2.672 migliai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (1<span class=\"_ _6\"></span>29 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e si r<span class=\"_ _1\"></span>ifer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>ram<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivo al<span class=\"_ _1\"></span>la ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>tofo<span class=\"_ _1\"></span>od\u201d<span class=\"_ _0\"></span>. Per m<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agl<span class=\"_ _1\"></span>i si ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>lla n<span class=\"_ _1\"></span>ota 1<span class=\"_ _0\"></span>.7 \u201cInfor<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>va<span class=\"_ _348\"> </span>sulle attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span> La vo<span class=\"_ _1\"></span>ce At<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude 6<span class=\"_ _1\"></span>5 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ri a ze<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>PATRIMONIO NETTO E PASSIVIT\u00c0<span class=\"_ _348\"> </span>1<span class=\"_ _6\"></span>7<span class=\"_ _1\"></span>) P<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>o n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Il Patr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nso<span class=\"_ _1\"></span>lid<span class=\"_ _1\"></span>ato \u00e8 co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuito:<span class=\"_ _348\"> </span>Patrimonio netto<span class=\"_ _3a\"> </span><span class=\"ff6 fs2 fc0 ls3 ws3\"> <span class=\"_ _1be\"> </span><span class=\"fc4\"> <span class=\"_ _12f\"> </span><span class=\"fs32\">(migliaia di euro)</span></span></span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Capitale sociale<span class=\"_ _c2\"> </span><span class=\"fc0\">42.182<span class=\"_ _3d\"> </span></span>42.284<span class=\"_ _45\"> </span>-102<span class=\"_ _348\"> </span>di cui azioni proprie<span class=\"_ _43\"> </span><span class=\"fc0\">-263<span class=\"_ _186\"> </span></span>-161<span class=\"_ _169\"> </span>-102<span class=\"_ _348\"> </span>Riserva da sovrapprezzo azioni<span class=\"_ _1e\"> </span><span class=\"fc0\">9.828<span class=\"_ _3d\"> </span></span>10.256<span class=\"_ _169\"> </span>-428<span class=\"_ _348\"> </span>di cui azioni proprie<span class=\"_ _e6\"> </span><span class=\"fc0\">-2.700<span class=\"_ _e9\"> </span></span>-2.272<span class=\"_ _45\"> </span>-428<span class=\"_ _348\"> </span>Altre riserve<span class=\"_ _1d2\"> </span><span class=\"fc0\">5.298<span class=\"_ _41\"> </span></span>2.623<span class=\"_ _41\"> </span>2.675<span class=\"_ _348\"> </span>Risultato netto di esercizi precedenti<span class=\"_ _24d\"> </span><span class=\"fc0\">53.951<span class=\"_ _41\"> </span></span>8.792<span class=\"_ _3d\"> </span>45.159<span class=\"_ _348\"> </span>Risultato netto dell\u2019esercizio<span class=\"_ _11b\"> </span><span class=\"fc0\">-5.599<span class=\"_ _3d\"> </span></span>44.359<span class=\"_ _151\"> </span>-49.958<span class=\"_ _348\"> </span>Patrimonio netto di Gruppo<span class=\"_ _ca\"> </span>105.660<span class=\"_ _24f\"> </span><span class=\"fc4\">108.314<span class=\"_ _e9\"> </span>-2.654<span class=\"_ _348\"> </span></span>Capitale e riserve - interessenze di minoranza<span class=\"_ _aa\"> </span><span class=\"fc0\">694<span class=\"_ _26\"> </span></span>949<span class=\"_ _45\"> </span>-255<span class=\"_ _348\"> </span>Risultato netto - interessenze di minoranza<span class=\"_ _11f\"> </span><span class=\"fc0\">-161<span class=\"_ _45\"> </span></span>-278<span class=\"_ _26\"> </span>117<span class=\"_ _348\"> </span>Interessenze di minoranza<span class=\"_ _71\"> </span>533<span class=\"_ _26\"> </span><span class=\"fc4\">671<span class=\"_ _45\"> </span>-138<span class=\"_ _348\"> </span></span>Totale<span class=\"_ _1d6\"> </span>106.193<span class=\"_ _3b\"> </span><span class=\"fc4\">108.985<span class=\"_ _e9\"> </span>-2.792<span class=\"_ _348\"> </span></span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he, a s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uito de<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>alli<span class=\"_ _1\"></span>nea<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>verg<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze tra va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i e fisc<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e m<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>hi<span class=\"_ _348\"> </span>isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti in bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio, a<span class=\"_ _1\"></span>i sen<span class=\"_ _1\"></span>si di q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>nto prev<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>to dall\u2019ar<span class=\"_ _1\"></span>t.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0 de<span class=\"_ _1\"></span>l D.L. 104/20 su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>cato d<span class=\"_ _1\"></span>all\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _7\"></span>t. 1 c.<span class=\"_ _348\"> </span>83 de<span class=\"_ _1\"></span>lla l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>78 del 3<span class=\"_ _1\"></span>0 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>20 (le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e di bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>), \u00e8 app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to il vinc<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>la so<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne di im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sta<span class=\"_ _348\"> </span>sul c<span class=\"_ _1\"></span>api<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>ale e s<span class=\"_ _1\"></span>ull<span class=\"_ _1\"></span>e ris<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ve es<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er un a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e par<span class=\"_ _1\"></span>i a 6<span class=\"_ _1\"></span>4.087 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro, cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>te ai<span class=\"_ _348\"> </span>mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to di r<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>llin<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dell\u2019imp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuti<span class=\"_ _1\"></span>va del 3%.<span class=\"_ _348\"> </span>Le consistenze e<span class=\"_ _0\"></span> le variazioni delle voci<span class=\"_ _0\"></span> sono dettagliate nel seguito<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span>Capitale so<span class=\"_ _0\"></span>ciale<span class=\"_ _348\"> </span>Al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022 l<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e in es<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta a 42.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>82 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (42<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>284 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>2021<span class=\"_ _6\"></span>), al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie p<span class=\"_ _1\"></span>er 26<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro. Il ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>le so<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le, in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ato, \u00e8 sud<span class=\"_ _1\"></span>div<span class=\"_ _1\"></span>iso<span class=\"_ _348\"> </span>in n. 71<span class=\"_ _6\"></span>.91<span class=\"_ _6\"></span>7<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>829 a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni or<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie, se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a vin<span class=\"_ _1\"></span>col<span class=\"_ _1\"></span>i rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rdo l<span class=\"_ _1\"></span>a dis<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei di<span class=\"_ _1\"></span>vide<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>i e il rim<span class=\"_ _1\"></span>bo<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o di c<span class=\"_ _1\"></span>api<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>le, a<span class=\"_ _348\"> </span>ec<span class=\"_ _1\"></span>cez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di qu<span class=\"_ _1\"></span>anto p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>la le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r le a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>La consistenza delle azioni in circolazione \u00e8 ripor<span class=\"_ _1\"></span>tata nella tabella che segue:<span class=\"_ _348\"> </span>Numero azioni<span class=\"_ _348\"> </span>al 31 dicembre<span class=\"_ _348\"> </span>2021<span class=\"_ _348\"> </span>Movimentazione<span class=\"_ _348\"> </span>Numero azioni<span class=\"_ _348\"> </span>al 31 dicembre<span class=\"_ _348\"> </span>2022<span class=\"_ _348\"> </span>Aumenti di<span class=\"_ _348\"> </span>capitale<span class=\"_ _13d\"> </span>Acquisti<span class=\"_ _348\"> </span>Assegnazioni<span class=\"_ _348\"> </span>a beneficiari<span class=\"_ _348\"> </span>del piano di<span class=\"_ _348\"> </span>performance<span class=\"_ _348\"> </span>shares<span class=\"_ _348\"> </span>Azioni ordinarie emesse<span class=\"_ _273\"> </span>71.917.829<span class=\"_ _6b\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _d5\"> </span> -<span class=\"_ _196\"> </span><span class=\"fc0\"> 71.917.829<span class=\"_ _348\"> </span></span>Azioni proprie<span class=\"_ _202\"> </span>273.758<span class=\"_ _d5\"> </span> -<span class=\"_ _13d\"> </span> 171.901 <span class=\"_ _d7\"> </span> -<span class=\"_ _13d\"> </span><span class=\"fc0\"> 445.659<span class=\"_ _348\"> </span></span>Azioni in circolazione<span class=\"_ _27e\"> </span><span class=\"fc4\">71.644.071<span class=\"_ _6b\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _196\"> </span></span> 71.472.170<span class=\"_ _348\"> </span>In ap<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili I<span class=\"_ _1\"></span>AS/<span class=\"_ _1\"></span>IFRS, c<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>, l\u2019impor<span class=\"_ _7\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le \u00e8 st<span class=\"_ _1\"></span>ato po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte in di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>l cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>ntre i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>o tr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie \u00e8 st<span class=\"_ _1\"></span>ato po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato a dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo<span class=\"_ _348\"> </span>delle azioni.<span class=\"_ _348\"> </span>Si ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rda c<span class=\"_ _1\"></span>he, l\u2019<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>mbl<span class=\"_ _1\"></span>ea s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ria d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li A<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>ella C<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po, co<span class=\"_ _1\"></span>n la de<span class=\"_ _1\"></span>lib<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a del 31 lugl<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>5,<span class=\"_ _348\"> </span>contest<span class=\"_ _0\"></span>ualmente<span class=\"_ _0\"></span> all\u2019<span class=\"_ _6\"></span>aument<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> capitale ha<span class=\"_ _0\"></span> deliberat<span class=\"_ _0\"></span>o di<span class=\"_ _0\"></span> eliminare<span class=\"_ _0\"></span> il v<span class=\"_ _0\"></span>alore no<span class=\"_ _0\"></span>minale del<span class=\"_ _0\"></span>le azioni<span class=\"_ _0\"></span> rappresentativ<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span>del capitale sociale. Perta<span class=\"_ _1\"></span>nto<span class=\"_ _0\"></span>, a partire da tale data, il valore<span class=\"_ _0\"></span> nominale, \u00e8 calcolato i<span class=\"_ _0\"></span>mplicitamente dividendo il<span class=\"_ _348\"> </span>valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e soc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le pe<span class=\"_ _1\"></span>r il nu<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ro de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie e<span class=\"_ _1\"></span>mes<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e. Al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022, il val<span class=\"_ _1\"></span>ore n<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>imp<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>to \u00e8 par<span class=\"_ _1\"></span>i a 0,59 e<span class=\"_ _1\"></span>uro.<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>3 ot<span class=\"_ _1\"></span>tobr<span class=\"_ _1\"></span>e 2022 la C<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po ha c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>uni<span class=\"_ _1\"></span>cato l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>vio d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie, i<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span>esecuzione dell\u2019<span class=\"_ _6\"></span>autorizza<span class=\"_ _1\"></span>zione conferita dall\u2019<span class=\"_ _6\"></span>Assemble<span class=\"_ _1\"></span>a Ordinaria degli Azionisti del 22 aprile 2022<span class=\"_ _6\"></span>. Il programma<span class=\"_ _348\"> </span>\u00e8 fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to ad in<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re il p<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tafo<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>o di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>rie d<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e a se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>io di pi<span class=\"_ _1\"></span>ani d<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>, sia e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti si<span class=\"_ _1\"></span>a fut<span class=\"_ _1\"></span>uri, r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vati ad a<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tori e<span class=\"_ _1\"></span>/o dipen<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>lla S<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _1\"></span>. A<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>2022 le a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tate 1<span class=\"_ _6\"></span>71<span class=\"_ _6\"></span>.9<span class=\"_ _1\"></span>01 al p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo me<span class=\"_ _1\"></span>dio u<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o 3,08 p<span class=\"_ _1\"></span>er un c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>troval<span class=\"_ _1\"></span>ore di<span class=\"_ _348\"> </span>529 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro. L<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022 de<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne 4<span class=\"_ _1\"></span>45.659 a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie, pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>llo<span class=\"_ _348\"> </span>0,<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>% del<span class=\"_ _0\"></span> capitale sociale<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Riserva da so<span class=\"_ _6\"></span>vr<span class=\"_ _1\"></span>apprezzo azioni<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta a 9.828 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _0\"></span>0.256 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a<span class=\"_ _348\"> </span>2.<span class=\"_ _6\"></span>70<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro. L<span class=\"_ _1\"></span>a var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in d<span class=\"_ _1\"></span>imin<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne di 428 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro \u00e8 r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>isto d<span class=\"_ _1\"></span>i az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie.<span class=\"_ _348\"> </span>Altre riserve<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce \u00e8 p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i 5.29<span class=\"_ _1\"></span>8 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (2.623 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e<span class=\"_ _1\"></span>d \u00e8 co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws9e\">pe<span class=\"_ _1\"></span>r 8.489 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro da<span class=\"_ _1\"></span>lla R<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>ella C<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po (8.4<span class=\"_ _1\"></span>89 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">pe<span class=\"_ _1\"></span>r -<span class=\"_ _1\"></span>6.551 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o dall<span class=\"_ _1\"></span>a Ri<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va di co<span class=\"_ _1\"></span>nver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one va<span class=\"_ _1\"></span>lute (-<span class=\"_ _1\"></span>6.5<span class=\"_ _1\"></span>32 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws48\">pe<span class=\"_ _1\"></span>r 2.3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (-<span class=\"_ _0\"></span>70 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>ser<span class=\"_ _7\"></span>va pe<span class=\"_ _1\"></span>r op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i di co<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span></span>finanziaria;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsdc\">pe<span class=\"_ _1\"></span>r 1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>45 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (736 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) dal<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va pe<span class=\"_ _1\"></span>r <span class=\"ff12\">sto<span class=\"_ _1\"></span>ck g<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ant</span><span class=\"ls7 ws174\"> re<span class=\"_ _1\"></span>lativa<span class=\"_ _0\"></span> </span></span>al co<span class=\"_ _1\"></span>sto fi<span class=\"_ _1\"></span>gur<span class=\"_ _1\"></span>ativo d<span class=\"_ _1\"></span>el \u201c<span class=\"ff12 ls8 ws12\">Piano<span class=\"_ _6\"></span> di Performance S<span class=\"_ _0\"></span>hares<span class=\"ff6 ls3 ws88\">\u201d inse<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to all\u2019inter<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>el pi<span class=\"_ _1\"></span>ano d<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>er il<span class=\"_ _348\"> </span></span></span>management<span class=\"_ _6\"></span><span class=\"ff6 ls7 ws34\"> re<span class=\"_ _1\"></span>lativo<span class=\"_ _0\"></span> al periodo 2021<span class=\"_ _6\"></span>-2<span class=\"_ _0\"></span>022.<span class=\"_ _348\"> </span></span>Risultato<span class=\"_ _0\"></span> netto di<span class=\"_ _0\"></span> esercizi<span class=\"_ _0\"></span> precedenti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta a 5<span class=\"_ _1\"></span>3.951 migliai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro (8.792 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Le variazioni intervenute nel corso dell\u2019<span class=\"_ _6\"></span>esercizio sono le seguenti:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">incremento di 44<span class=\"_ _0\"></span>.359 migliaia di<span class=\"_ _0\"></span> euro per destinazione del risultato dell\u2019<span class=\"_ _6\"></span>esercizio precedente;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws13\">inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di 80<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r la ri<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e dei p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni a be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>ti al n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le.<span class=\"_ _348\"> </span></span>Risultato netto dell\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o chi<span class=\"_ _1\"></span>uso a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022 p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta un r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ato ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di -<span class=\"_ _1\"></span>5.59<span class=\"_ _1\"></span>9 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vo di 44.3<span class=\"_ _1\"></span>59 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le e r<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>e - in<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze d<span class=\"_ _1\"></span>i m<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>za<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 69<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (9<span class=\"_ _1\"></span>49 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Le variazioni intervenute nel corso dell\u2019<span class=\"_ _6\"></span>esercizio sono le seguenti:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">decremento di 2<span class=\"_ _0\"></span>78<span class=\"_ _0\"></span> migliaia di euro per destinazione del risultato dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio precedente;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di 23 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>er la r<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei pi<span class=\"_ _1\"></span>ani a b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>i al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dell\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span></span>Risultato<span class=\"_ _0\"></span> netto -<span class=\"_ _0\"></span> interessenz<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span> minoranza<span class=\"_ _348\"> </span>Il ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ito all<span class=\"_ _1\"></span>e inte<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nza \u00e8 n<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vo per 16<span class=\"_ _0\"></span>1 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (-278 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs59a\">PASSIVIT\u00c0<span class=\"_ _348\"> </span></div><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs59b\">Passivit\u00e0 non correnti<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs59c\">18) De<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i v<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs59d\">Debiti verso banche<span class=\"_ _13c\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _1be\"> </span> <span class=\"_ _155\"> </span><span class=\"fs32\">(migliaia di euro)</span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs59e\"> <span class=\"_ _275\"> </span>31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs59f\">Finanziamenti bancari<span class=\"_ _27f\"> </span><span class=\"fc0\"> 60.866 <span class=\"_ _3b\"> </span></span> 98.229 <span class=\"_ _21a\"> </span>-37.363<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs5a0\">Totale<span class=\"_ _226\"> </span> 60.866 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 98.229 <span class=\"_ _21a\"> </span><span class=\"ff6\">-37.363<span class=\"_ _348\"> </span></span></span><span class=\"fc4\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5a1\">I deb<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o ba<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>e non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 60.8<span class=\"_ _1\"></span>66 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (98<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span>29 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs5a2\">Riguardano i seguenti finanziamenti riconducibili alla Capogruppo:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs5a3\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws11a\">pe<span class=\"_ _1\"></span>r 36.8<span class=\"_ _1\"></span>67 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a del fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in d<span class=\"_ _1\"></span>ata 1<span class=\"_ _0\"></span>7 febb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2021 da un <span class=\"ff12 ls39 ws92\">pool</span> di<span class=\"_ _348\"> </span></span><span class=\"fc4 ws11a\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc7 gs5a4\">pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uti di c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dito (I<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>a Sa<span class=\"_ _1\"></span>npa<span class=\"_ _1\"></span>olo, Ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>o BPM e Uni<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>dit) c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2025 e co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3b gs5a5\">2<span class=\"_ _0\"></span>4 me<span class=\"_ _1\"></span>si di p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto. T<span class=\"_ _6\"></span>ale fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 rem<span class=\"_ _1\"></span>une<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ato a ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e var<span class=\"_ _1\"></span>iab<span class=\"_ _1\"></span>ile c<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws115 gs5a6\">finanziaria (<span class=\"ff12 ls38 ws11a\">Inter<span class=\"_ _1\"></span>est Ra<span class=\"_ _1\"></span>te Swap</span><span class=\"ls3 ws19\">) ed \u00e8 so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to all<span class=\"_ _1\"></span>a mis<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e su ba<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>le di <span class=\"ff12 ls8 wsb9\">covenan<span class=\"_ _0\"></span>t <span class=\"_ _7\"></span><span class=\"ff6 ls7 ws34\">finanziari.<span class=\"_ _348\"> </span></span></span></span><span class=\"ls3 ws19\"><span class=\"ff12 ls8 wsb9\"><span class=\"ff6 ls7 ws34\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5a7\">Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to alla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e sem<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 i <span class=\"ff12 ls8 wsb9\">cov<span class=\"_ _0\"></span>enant <span class=\"ff6 ls39 ws92\">so<span class=\"_ _0\"></span>no stati<span class=\"_ _0\"></span> rispettati;<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls45 ws139 gs5a8\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws162\">pe<span class=\"_ _1\"></span>r 1<span class=\"_ _0\"></span>3.437 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>l fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to in d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a 22 feb<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>aio 20<span class=\"_ _1\"></span>21 da Cas<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls45 wsa9 gs5a9\">De<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>iti e Pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>titi c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2025 e co<span class=\"_ _1\"></span>n 24 mesi di p<span class=\"_ _1\"></span>rea<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to. T<span class=\"_ _6\"></span>ale fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls45 ws84 gs5aa\">rem<span class=\"_ _1\"></span>une<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to a tas<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>so e<span class=\"_ _1\"></span>d \u00e8 sog<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to alla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>u ba<span class=\"_ _1\"></span>se se<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di <span class=\"ff12 ls7 ws34\">cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws129\"> finanziari.<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls7 ws34\"><span class=\"ff6 ls3 ws129\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls45 ws3 gs5ab\">Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to alla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e sem<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ale a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 i <span class=\"ff12 ls7 ws34\">cov<span class=\"_ _0\"></span>enant<span class=\"ff6 ls48 ws92\"> so<span class=\"_ _0\"></span>no stati<span class=\"_ _0\"></span> rispettati.</span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws16e gs5ac\"> <span class=\"_ _14\"> </span>I fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>pra<span class=\"_ _1\"></span>, s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>titi p<span class=\"_ _1\"></span>er il 9<span class=\"_ _1\"></span>0% del<span class=\"_ _1\"></span>l\u2019impor<span class=\"_ _7\"></span>to ero<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>to dall<span class=\"_ _1\"></span>a ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>zia r<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a da SACE<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs5ad\">nell\u2019ambito d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mma \u201cG<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a\u201d ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>. 1 del d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>reto l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n.<span class=\"_ _1\"></span>23/2020, c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tito, co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5ae\">mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni da<span class=\"_ _1\"></span>lla l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n.40/20<span class=\"_ _1\"></span>20 (c.d. \u201cDec<span class=\"_ _1\"></span>reto L<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>idit<span class=\"_ _1\"></span>\u00e0\u201d).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs5af\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws11b\">pe<span class=\"_ _1\"></span>r 7<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a del fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in d<span class=\"_ _1\"></span>ata 28 a<span class=\"_ _1\"></span>pri<span class=\"_ _1\"></span>le 2021 da SIM<span class=\"_ _1\"></span>EST co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span></span><span class=\"fc4 ws11b\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws125 gs5b0\">sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>27 e con 36 m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i di pr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento. T<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>le fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento \u00e8 re<span class=\"_ _1\"></span>mu<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rato a t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1c5 gs5b1\">inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o. Il fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 st<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>ell\u2019ambito de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l Fon<span class=\"_ _1\"></span>do 39<span class=\"_ _1\"></span>4/8,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws46 gs5b2\">ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo 91<span class=\"_ _6\"></span>, c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>i 1 e 2, del de<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>eto le<span class=\"_ _1\"></span>gge 14 agosto 2020, n.<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>04, c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tito, con m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13 gs5b3\">dal<span class=\"_ _1\"></span>la le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e 1<span class=\"_ _6\"></span>3 o<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tobre 20<span class=\"_ _1\"></span>20, n.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>26, e de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>olo 6<span class=\"_ _1\"></span>, com<span class=\"_ _1\"></span>ma 3, n. 1, del dec<span class=\"_ _1\"></span>reto l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge 28 ot<span class=\"_ _1\"></span>tobr<span class=\"_ _1\"></span>e 2020, n.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>37<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs5b4\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsce\">pe<span class=\"_ _1\"></span>r 2.8<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>l fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di 5.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to in dat<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span></span><span class=\"fc4 wsce\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3b gs5b5\">1<span class=\"_ _0\"></span>9 mag<span class=\"_ _1\"></span>gio 20<span class=\"_ _1\"></span>21 dalla Ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>a Car<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n sca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza 31 ma<span class=\"_ _1\"></span>rzo 20<span class=\"_ _1\"></span>26 e con 12 mesi d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto. T<span class=\"_ _6\"></span>ale<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5b6\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 re<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato a ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bile.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2c gs5b7\">Inol<span class=\"_ _1\"></span>tre, p<span class=\"_ _1\"></span>er 750 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, i de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>a quot<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>l fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws20 gs5b8\">lun<span class=\"_ _1\"></span>go ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so a M<span class=\"_ _1\"></span>AD<span class=\"_ _1\"></span>E Eventi S<span class=\"_ _1\"></span>rl, in d<span class=\"_ _1\"></span>ata 27 se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>temb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>, d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a Ban<span class=\"_ _1\"></span>ca M<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i Pas<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i Sie<span class=\"_ _1\"></span>na c<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb2 gs5b9\">sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a 30 se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>temb<span class=\"_ _1\"></span>re 2024 e con 12 mesi di p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto. T<span class=\"_ _6\"></span>ale fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8 rem<span class=\"_ _1\"></span>une<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to al ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws101 gs5ba\">inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>llo 0,95%. Il finanzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento \u00e8 a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tito pe<span class=\"_ _1\"></span>r l\u201980% del<span class=\"_ _1\"></span>l\u2019impor<span class=\"_ _7\"></span>to ero<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>to dall<span class=\"_ _1\"></span>a ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>zia r<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws46 gs5bb\">da SACE<span class=\"_ _1\"></span>, nell\u2019ambito d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mma \u201cG<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a\u201d ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>. 1 del d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>reto l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n.<span class=\"_ _1\"></span>23/2020, c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tito,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5bc\">con m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni da<span class=\"_ _1\"></span>lla le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e n.40/20<span class=\"_ _1\"></span>20 (c.d. \u201cDec<span class=\"_ _1\"></span>reto Li<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>\u00e0\u201d).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws9c gs5bd\">La variazione rispet<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _6\"></span>esercizio precedente \u00e8 dovuta<span class=\"_ _0\"></span> principalmente all\u2019<span class=\"_ _6\"></span>estinzione del debito<span class=\"_ _0\"></span> relativo alle<span class=\"_ _0\"></span> quote<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2a gs5be\">a me<span class=\"_ _1\"></span>dio<span class=\"_ _1\"></span>-l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>cuni fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti ol<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>he al r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>bor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o ant<span class=\"_ _1\"></span>icip<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto di 10.000 m<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5bf\">di eu<span class=\"_ _1\"></span>ro so<span class=\"_ _1\"></span>tto<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>a 22 ot<span class=\"_ _1\"></span>tob<span class=\"_ _1\"></span>re 2021 da Ba<span class=\"_ _1\"></span>nca B<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5c0\">Per ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agli s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>da a<span class=\"_ _1\"></span>lla no<span class=\"_ _1\"></span>ta 34.<span class=\"_ _1\"></span>2 R<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>i liqu<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs5c2\">1<span class=\"_ _0\"></span>9) Debiti finanziari<span class=\"_ _0\"></span> relativi al diritto<span class=\"_ _0\"></span> d\u2019uso<span class=\"_ _0\"></span> delle attivit\u00e0 in lo<span class=\"_ _0\"></span>cazione<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5c3\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 34<span class=\"_ _1\"></span>6.8<span class=\"_ _1\"></span>58 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (370.568 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs5c4\">Deb<span class=\"_ _1\"></span>iti fin<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i al dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso dell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 in l<span class=\"_ _1\"></span>oca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"ff6 fs2\"> <span class=\"_ _163\"> </span><span class=\"fs32 fc4\">(migliaia di euro)</span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5c5\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5c6\">Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _31\"> </span><span class=\"fc0\"> 346.858 <span class=\"_ _23f\"> </span> 370.568 <span class=\"_ _58\"> </span></span>-23.710<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5c7\">Totale<span class=\"_ _1a1\"> </span> 346.858 <span class=\"_ _1c2\"> </span><span class=\"fc4\"> 370.568 <span class=\"_ _21a\"> </span>-23.710<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9b gs5c8\">Si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no al<span class=\"_ _1\"></span>la quo<span class=\"_ _1\"></span>ta a me<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>o-<span class=\"_ _1\"></span>lun<span class=\"_ _1\"></span>go te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla <span class=\"ff12 ls39 ws21\">le<span class=\"_ _1\"></span>ase liability<span class=\"_ _6\"></span><span class=\"ff6 ls7 wsf4\">. T<span class=\"_ _6\"></span>ale passivit\u00e0 rappresenta l\u2019<span class=\"_ _6\"></span>obbliga<span class=\"_ _1\"></span>zione ad<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls39 ws21\"><span class=\"ff6 ls7 wsf4\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd3 gs5c9\">effet<span class=\"_ _1\"></span>tuare i pagamenti previsti<span class=\"_ _0\"></span> dai contratti di locazione degli immobili e del parco aut<span class=\"_ _0\"></span>o, derivant<span class=\"_ _0\"></span>e dall\u2019<span class=\"_ _6\"></span>applicazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5ca\">del p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>io IFR<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>6.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws92 gs5cb\">La vo<span class=\"_ _1\"></span>ce D<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi al d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d\u2019uso del<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 in lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude 3<span class=\"_ _1\"></span>45.3<span class=\"_ _1\"></span>48 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (367<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>703<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws101 gs5cc\">migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>anti o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs5cd\">alla n<span class=\"_ _0\"></span>ota 53 d<span class=\"_ _0\"></span>edicata a tal<span class=\"_ _0\"></span>i operazioni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls29 wse8 gs5ce\">20) Altre p<span class=\"_ _0\"></span>assivit\u00e0 finan<span class=\"_ _0\"></span>ziarie<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5cf\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _0\"></span>.683 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (sa<span class=\"_ _1\"></span>ldo p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a zer<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs5d0\">Altre passivit<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _1ad\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5d1\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5d2\">prezzo a termine su Societ\u00e0 collegate<span class=\"_ _125\"> </span><span class=\"fc0\"> 1.683 <span class=\"_ _1c3\"> </span></span>-<span class=\"_ _2e\"> </span> 1.683<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5d3\">Totale<span class=\"_ _276\"> </span> 1.683 <span class=\"_ _256\"> </span><span class=\"fc4\"> -<span class=\"_ _2e\"> </span> 1.683<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws94 gs5d4\">La vo<span class=\"_ _1\"></span>ce s<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e al va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>bito re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivo all<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte di pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo a ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e sull<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws13 gs5d5\">acquisita nell\u2019<span class=\"_ _6\"></span>esercizio, iscritta in ragione del raggiungimento<span class=\"_ _0\"></span> di specifici obiettivi stabiliti nel <span class=\"ff12 ls35 wsa0\">Business P<span class=\"_ _0\"></span>lan<span class=\"ff6 ls3 ws5c\"> e da<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls35 wsa0\"><span class=\"ff6 ls3 ws5c\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5d6\">cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i a se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to dell\u2019approva<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el bi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>cio 20<span class=\"_ _1\"></span>25 di Ge.Fi. S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5e gs5d7\">T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e valo<span class=\"_ _1\"></span>re \u00e8 st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>d \u00e8 sta<span class=\"_ _1\"></span>to at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di i<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to del<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5d8\">5,<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>8% calc<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ato in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>oni di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5d9\">Per ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agli s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>da a qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to nell<span class=\"_ _1\"></span>a not<span class=\"_ _1\"></span>a 2.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs5da\">21<span class=\"_ _6\"></span>) F<span class=\"_ _0\"></span>ondi per<span class=\"_ _6\"></span> rischi e oneri<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5db\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 50<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (72 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>\u00ec com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs5dc\">Fondi pe<span class=\"_ _1\"></span>r ris<span class=\"_ _1\"></span>chi e o<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>i<span class=\"_ _280\"> </span><span class=\"ff6 fs32 fc4\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5dd\"> <span class=\"_ _17a\"> </span><span class=\"ff1\">31/12/21<span class=\"_ _1fc\"> </span>accantonamenti<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5de\">Rilascio quote<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5df\">eccedenti<span class=\"_ _a5\"> </span>riclassifiche<span class=\"_ _74\"> </span><span class=\"fc0\">31/12/22<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5e0\">Fondi per rischi e oneri<span class=\"_ _281\"> </span> 72 <span class=\"_ _228\"> </span> 500 <span class=\"_ _26\"> </span> 72 <span class=\"_ _83\"> </span> -<span class=\"_ _1fe\"> </span><span class=\"fc0\"> 500<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5e1\">Totale<span class=\"_ _17a\"> </span><span class=\"fc4\"> 72 <span class=\"_ _228\"> </span> 500 <span class=\"_ _26\"> </span> 72 <span class=\"_ _256\"> </span> -<span class=\"_ _1fe\"> </span></span> 500<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws107 gs5e2\">La vo<span class=\"_ _1\"></span>ce fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi e<span class=\"_ _1\"></span>d on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i fa ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>lla Ca<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuti p<span class=\"_ _1\"></span>er f<span class=\"_ _1\"></span>ar fr<span class=\"_ _1\"></span>onte a<span class=\"_ _1\"></span>gli<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5e3\">es<span class=\"_ _1\"></span>bor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>lco<span class=\"_ _1\"></span>lati i<span class=\"_ _1\"></span>n ba<span class=\"_ _1\"></span>se al p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sum<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>le es<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>si.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs5e5\">2<span class=\"_ _1\"></span>2) Fo<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>di r<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi a<span class=\"_ _1\"></span>l p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5e6\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 7<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>763 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro (9.527 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws21 gs5e7\">I fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r pia<span class=\"_ _1\"></span>ni a b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>iti, val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ati ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ndo te<span class=\"_ _1\"></span>cn<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti al T<span class=\"_ _0\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento di fi<span class=\"_ _1\"></span>ne ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs5e8\">matu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022, si an<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>me se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs5e9\">Fondi<span class=\"_ _0\"></span> relativi al Personale<span class=\"ff6 fs2 ls3 ws3\"> <span class=\"_ _1cd\"> </span><span class=\"fs32 fc4\">(migliaia di euro)</span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5ea\"> <span class=\"_ _f3\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5eb\">Valutazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5ec\">attuariale<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5ed\">Indennit\u00e0 e<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5ee\">anticipazioni<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs5ef\">erogate<span class=\"_ _74\"> </span><span class=\"fc0\">31/12/22<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f0\">Piani a benefici definiti<span class=\"_ _282\"> </span> 9.527 <span class=\"_ _166\"> </span>-721 <span class=\"_ _3d\"> </span> 1.043 <span class=\"_ _3d\"> </span><span class=\"fc0\"> 7.763<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5f1\">Totale<span class=\"_ _283\"> </span><span class=\"fc4\"> 9.527 <span class=\"_ _166\"> </span>-721 <span class=\"_ _3d\"> </span> 1.043 <span class=\"_ _3d\"> </span></span> 7.763<span class=\"_ _348\"> </span> </div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs5f2\">V<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>zione attua<span class=\"_ _1\"></span>riale<span class=\"_ _20c\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\"> (migliaia di euro)<span class=\"_ _348\"> </span></span><span class=\"ff6 fs32 fc4 ls3 ws3\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f3\">Costi del Personale: <span class=\"_ _22c\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f4\">- Indennit\u00e0 relative a piani a benefici definiti<span class=\"_ _284\"> </span> 232<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f5\">Oneri finanziari: <span class=\"_ _285\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f6\">- Oneri da attualizzazione<span class=\"_ _234\"> </span> 95<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f7\">Altre componenti del conto economico complessivo<span class=\"_ _286\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5f8\">- Rimisurazione piani a benefici definiti<span class=\"_ _287\"> </span>-1.048<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs5f9\">Totale<span class=\"_ _288\"> </span>-721<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws108 gs5fa\">Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ne<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nteg<span class=\"_ _1\"></span>gi at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li si av<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>e del s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di un p<span class=\"_ _1\"></span>rofe<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to ad<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs5fb\">apposito<span class=\"_ _0\"></span> Albo.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws21 gs5fc\">Di seguito sono e<span class=\"_ _0\"></span>videnziate le principali<span class=\"_ _0\"></span> ipotesi/assunzioni uti<span class=\"_ _0\"></span>lizzate per la determinazione attuaria<span class=\"_ _1\"></span>le dei Piani<span class=\"_ _0\"></span> a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs5fd\">benefici definiti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs5fe\">Ipotesi demografiche<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs5ff\">probabilit\u00e0 di decesso<span class=\"_ _197\"> </span>Sono state utilizzate le tavole di mortalit\u00e0 ISTAT 2011 distinte per sesso a cui \u00e8 applicata una riduzione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs600\">del 20% per tenere conto dell\u2019evoluzione della mortalit\u00e0<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs601\">probabilit\u00e0 di invalidit\u00e0<span class=\"_ _12f\"> </span>Sono state utilizzate le tavole di inabilit\u00e0/invalidit\u00e0 adottate nel modello INPS per le proiezioni al 2010<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs602\">probabilit\u00e0 di dimissioni<span class=\"_ _132\"> </span>Sono state utilizzate delle probabilit\u00e0 di turn-over riscontrate nelle Societ\u00e0 oggetto di valutazione con<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs603\">frequenze annue del 9%<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs604\">probabilit\u00e0 di pensionamento<span class=\"_ _30\"> </span>Si \u00e8 supposto il raggiungimento del primo dei requisiti pensionabili validi per l\u2019Assicurazione Generale<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs605\">Obbligatoria (AGO)<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs606\">probabilit\u00e0 di anticipazione<span class=\"_ _14\"> </span>Si \u00e8 supposto un tasso medio annuo pari al 3% ed un importo medio pari al 70% del TFR accumulato<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs607\">Ipotesi economico-finanziarie per il calcolo d<span class=\"_ _0\"></span>el TFR <span class=\"_ _244\"> </span><span class=\"ff1 fs2 fc0 ls3 ws3\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs608\">Tasso annuo tecnico di attualizzazione<span class=\"_ _8b\"> </span><span class=\"fc0\">3,70%<span class=\"_ _d7\"> </span></span>1,00%<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs609\">Tasso annuo di inflazione<span class=\"_ _289\"> </span><span class=\"fc0\">2,50%<span class=\"_ _a3\"> </span></span>1,75%<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs60a\">Tasso annuo aumento retribuzioni complessivo<span class=\"_ _13c\"> </span><span class=\"fc0\">3,00%<span class=\"_ _d7\"> </span></span>2,50%<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs60b\">Tasso annuo di incremento TFR<span class=\"_ _1d9\"> </span><span class=\"fc0\">3,38%<span class=\"_ _a3\"> </span></span>2,81%<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1af gs60c\">Il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u00e8 s<span class=\"_ _1\"></span>tato de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato pr<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>ome r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to l\u2019indice p<span class=\"_ _1\"></span>er l\u2019Eu<span class=\"_ _1\"></span>rozon<span class=\"_ _1\"></span>a Ibox<span class=\"_ _1\"></span>x C<span class=\"_ _1\"></span>orp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs60d\">A<span class=\"_ _1\"></span>A c<span class=\"_ _1\"></span>on d<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>le o ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore a 10 anni.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs60e\">Nel<span class=\"_ _1\"></span>la ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uen<span class=\"_ _1\"></span>te \u00e8 for<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di se<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>el de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to al var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>pote<span class=\"_ _1\"></span>si ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span></div>Effet<span class=\"_ _1\"></span>ti sul debito<span class=\"_ _0\"></span> per piani a benefici definiti<span class=\"_ _f8\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>Ipotesi economico - finanziarie<span class=\"_ _348\"> </span>banda di oscillazione<span class=\"_ _16b\"> </span>Base incrementi nelle ipotesi<span class=\"_ _348\"> </span>decrementi nelle ipotesi<span class=\"_ _348\"> </span>Tasso annuo tecnico di attualizzazione<span class=\"_ _28a\"> </span>+/- 0,5%<span class=\"_ _13b\"> </span> 7.763 <span class=\"_ _5d\"> </span> 7.551 <span class=\"_ _5d\"> </span> 7.984 Tasso annuo aumento retribuzioni complessivo<span class=\"_ _d6\"> </span>+/- 0,5%<span class=\"_ _13b\"> </span> 7.763 <span class=\"_ _5d\"> </span> 7.788 <span class=\"_ _5d\"> </span> 7.743 Ipotesi economico - finanziarie<span class=\"_ _348\"> </span>Aspettativa di vita<span class=\"_ _88\"> </span>+/- 1 anno<span class=\"_ _a7\"> </span> 7.763 <span class=\"_ _5d\"> </span> 7.801 <span class=\"_ _5d\"> </span> 7.723 23) Impo<span class=\"_ _0\"></span>ste differite<span class=\"_ _6\"></span> passive<span class=\"_ _348\"> </span>Imposte differite pass<span class=\"_ _1\"></span>ive<span class=\"_ _28b\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Imposte differite passive<span class=\"_ _65\"> </span><span class=\"fc0\"> 3.733 <span class=\"_ _3d\"> </span></span> 3.643 <span class=\"_ _27\"> </span> 90<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 3.733 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 3.643 <span class=\"_ _26\"> </span> 90<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 3.733 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (3.64<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>no il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do tr<span class=\"_ _1\"></span>a imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e<span class=\"_ _1\"></span>d imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ve com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate a livel<span class=\"_ _1\"></span>lo di si<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>La voce<span class=\"_ _0\"></span> comprende<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">fond<span class=\"_ _1\"></span>o imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te Ire<span class=\"_ _1\"></span>s par<span class=\"_ _1\"></span>i a 3.<span class=\"_ _1\"></span>242 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">fond<span class=\"_ _1\"></span>o imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te Ira<span class=\"_ _1\"></span>p par<span class=\"_ _1\"></span>i a 491 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span></span>Per an<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>si re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ive all<span class=\"_ _1\"></span>a movim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a not<span class=\"_ _1\"></span>a 49 de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span>24) Altre passivit\u00e0<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce \u00e8 p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a zero (6<span class=\"_ _1\"></span>55 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span>Altre pas<span class=\"_ _1\"></span>sivit\u00e0<span class=\"_ _28c\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Debiti tributari<span class=\"_ _28d\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 655 <span class=\"_ _166\"> </span>-655<span class=\"_ _348\"> </span> Totale<span class=\"_ _28e\"> </span> -<span class=\"_ _1fe\"> </span><span class=\"fc4\"> 655 <span class=\"_ _28\"> </span>-655<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sce a<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a del d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ito re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo all\u2019impo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a sos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>tiva s<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a in s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uito al r<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>llin<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di av<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti e m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi di m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, ora c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nei d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti tr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti.<span class=\"_ _348\"> </span><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs61d\">Passivit\u00e0 correnti<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs61e\">25<span class=\"_ _1\"></span>) D<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o b<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>he<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs61f\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 27<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>250 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (<span class=\"_ _1\"></span>938 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs620\">Debiti verso banche<span class=\"_ _28f\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs621\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc0\"><span class=\"fc4\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs622\">Finanziamenti bancari<span class=\"_ _27f\"> </span><span class=\"fc0\"> 27.250 <span class=\"_ _228\"> </span></span> 938 <span class=\"_ _3b\"> </span> 26.312<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs623\">Totale<span class=\"_ _226\"> </span> 27.250 <span class=\"_ _6e\"> </span><span class=\"fc4\"> 938 <span class=\"_ _24f\"> </span> 26.312<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1e gs624\">I deb<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o ba<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er 18.333 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o la qu<span class=\"_ _1\"></span>ota a b<span class=\"_ _1\"></span>reve ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e del fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws150 gs625\">in dat<span class=\"_ _1\"></span>a 1<span class=\"_ _6\"></span>7 fe<span class=\"_ _1\"></span>bbr<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>o 2021 (Inte<span class=\"_ _1\"></span>sa S<span class=\"_ _1\"></span>anp<span class=\"_ _1\"></span>aol<span class=\"_ _1\"></span>o, Banc<span class=\"_ _1\"></span>o BPM e Uni<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>t), per 6.6<span class=\"_ _1\"></span>67 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o la qu<span class=\"_ _1\"></span>ota d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws107 gs626\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto Ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a De<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>siti e P<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>titi s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in da<span class=\"_ _1\"></span>ta 22 fe<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2021<span class=\"_ _6\"></span>, p<span class=\"_ _1\"></span>er 1.250 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (93<span class=\"_ _1\"></span>8<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws88 gs627\">migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) la qu<span class=\"_ _1\"></span>ota d<span class=\"_ _1\"></span>el fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to Ban<span class=\"_ _1\"></span>ca Ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ge s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to in dat<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>9 mag<span class=\"_ _1\"></span>gio<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws61 gs628\">2021 e per 1<span class=\"_ _0\"></span>.0<span class=\"_ _1\"></span>00 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a del fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto Ban<span class=\"_ _1\"></span>ca M<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i Pas<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i Sie<span class=\"_ _1\"></span>na s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to in dat<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs629\">27 set<span class=\"_ _1\"></span>temb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs62a\">26) Debiti v<span class=\"_ _0\"></span>erso fornitori<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws172 gs62b\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 50.31<span class=\"_ _6\"></span>7 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (50.<span class=\"_ _1\"></span>569 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>). I debi<span class=\"_ _1\"></span>ti ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o for<span class=\"_ _1\"></span>nito<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf3 gs62c\">rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>revale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te for<span class=\"_ _1\"></span>nito<span class=\"_ _1\"></span>ri it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>i e si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r la m<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>ior p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te ad ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>ti di s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs62d\">allo svo<span class=\"_ _1\"></span>lgim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i ine<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 tipi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>l G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. </div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls9 ws61 gs62e\">27) Acconti<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs62f\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 29.86<span class=\"_ _1\"></span>9 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (3<span class=\"_ _1\"></span>5.88<span class=\"_ _1\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsff gs630\">Rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>no gli a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>i fat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>rati a c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e i co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>he si svol<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nno s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws10b gs631\">alla chiusura dell\u2019<span class=\"_ _6\"></span>esercizio.<span class=\"_ _0\"></span> La rilevazione dei ricavi \u00e8,<span class=\"_ _0\"></span> infatti, posticipata sino allo<span class=\"_ _0\"></span> svolgiment<span class=\"_ _0\"></span>o della manifestazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls46 wsd9 gs632\">fieristica.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws129 gs633\">La variazione rispet<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _6\"></span>esercizio precedente \u00e8 conseguente principalmente alla<span class=\"_ _0\"></span> cadenza bienna<span class=\"_ _1\"></span>le o pluriennale<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs634\">di alcune manifestazioni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs636\">Acconti<span class=\"_ _290\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs637\"> <span class=\"_ _291\"> </span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21 <span class=\"_ _1f9\"> </span>Variazione<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs638\">Host <span class=\"_ _1a5\"> </span><span class=\"fc0\"> 6.347 <span class=\"_ _3d\"> </span></span> 1.615 <span class=\"_ _2e\"> </span>4.732<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs639\">Salone del mobile/Complemento d\u2019arredo <span class=\"_ _11a\"> </span><span class=\"fc0\"> 2.564 <span class=\"_ _3d\"> </span></span> 2.160 <span class=\"_ _1fe\"> </span>404<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63a\">Homi <span class=\"_ _292\"> </span><span class=\"fc0\"> 2.469 <span class=\"_ _3d\"> </span></span> 3.235 <span class=\"_ _166\"> </span>-766<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63b\">Mido <span class=\"_ _221\"> </span><span class=\"fc0\"> 2.093 <span class=\"_ _3d\"> </span></span> 1.690 <span class=\"_ _1fe\"> </span>403<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63c\">Milano Unica <span class=\"_ _d3\"> </span><span class=\"fc0\"> 2.028 <span class=\"_ _228\"> </span></span> 869 <span class=\"_ _2e\"> </span>1.159<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63d\">Lineapelle - A new point of view <span class=\"_ _213\"> </span><span class=\"fc0\"> 1.290 <span class=\"_ _3d\"> </span></span> 1.070 <span class=\"_ _1fe\"> </span>220<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63e\">Plast <span class=\"_ _8e\"> </span><span class=\"fc0\"> 1.200 <span class=\"_ _3d\"> </span></span> 1.014 <span class=\"_ _1fe\"> </span>186<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs63f\">Issa Pulire <span class=\"_ _1c8\"> </span><span class=\"fc0\"> 902 <span class=\"_ _256\"> </span></span> -<span class=\"_ _26\"> </span>902<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs640\">Micam <span class=\"_ _94\"> </span><span class=\"fc0\"> 691 <span class=\"_ _3d\"> </span></span> 1.679 <span class=\"_ _166\"> </span>-988<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs641\">Mostra Convegno Expocomfort <span class=\"_ _240\"> </span><span class=\"fc0\"> 613 <span class=\"_ _3d\"> </span></span> 6.510 <span class=\"_ _227\"> </span>-5.897<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs642\">Promotion Trade Exhibitions <span class=\"_ _293\"> </span><span class=\"fc0\"> 585 <span class=\"_ _228\"> </span></span> 411 <span class=\"_ _1fe\"> </span>174<span class=\"_ _348\"> </span> </div><div class=\"t m0 h96 ff6 fs17 fc4 sc0 ls3 ws3 gs643\">Euroluce <span class=\"_ _47\"> </span><span class=\"fs2 fc0\"> 547 <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _27\"> </span>547<span class=\"_ _348\"> </span></span></span><span class=\"fs2 fc0\"><span class=\"fc4\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs644\">Exposec <span class=\"_ _294\"> </span><span class=\"fc0\"> 532 <span class=\"_ _228\"> </span></span> 932 <span class=\"_ _af\"> </span>-400<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs645\">Sicurezza <span class=\"_ _27a\"> </span><span class=\"fc0\"> 468 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>468<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs646\">Itma <span class=\"_ _143\"> </span><span class=\"fc0\"> 451 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>451<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs647\">Homi Fashion&amp;Jewels <span class=\"_ _10b\"> </span><span class=\"fc0\"> 428 <span class=\"_ _6e\"> </span></span> 167 <span class=\"_ _1fe\"> </span>261<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs648\">Made Expo <span class=\"_ _114\"> </span><span class=\"fc0\"> 317 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>317<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs649\">Si SposaItalia <span class=\"_ _1c6\"> </span><span class=\"fc0\"> 275 <span class=\"_ _6e\"> </span></span> 190 <span class=\"_ _27b\"> </span>85<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64a\">Myplant &amp; garden <span class=\"_ _c2\"> </span><span class=\"fc0\"> 271 <span class=\"_ _6e\"> </span></span> 580 <span class=\"_ _166\"> </span>-309<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64b\">Bit <span class=\"_ _1cd\"> </span><span class=\"fc0\"> 268 <span class=\"_ _6e\"> </span></span> 130 <span class=\"_ _186\"> </span>138<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64c\">Made in Steel <span class=\"_ _cd\"> </span><span class=\"fc0\"> 216 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>216<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64d\">Gee <span class=\"_ _295\"> </span><span class=\"fc0\"> 196 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>196<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64e\">Lamiera <span class=\"_ _7a\"> </span><span class=\"fc0\"> 178 <span class=\"_ _228\"> </span></span> 251 <span class=\"_ _225\"> </span>-73<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs64f\">The One <span class=\"_ _46\"> </span><span class=\"fc0\"> 112 <span class=\"_ _228\"> </span></span> 137 <span class=\"_ _225\"> </span>-25<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs650\">Euroshop <span class=\"_ _27a\"> </span><span class=\"fc0\"> 105 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>105<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs651\">Transpotec &amp; Logitec <span class=\"_ _fd\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.897 <span class=\"_ _227\"> </span>-1.897<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs652\">Fisp <span class=\"_ _27c\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.413 <span class=\"_ _167\"> </span>-1.413<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs653\">Ipack-Ima <span class=\"_ _292\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.339 <span class=\"_ _167\"> </span>-1.339<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs654\">Fesqua <span class=\"_ _14e\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 996 <span class=\"_ _af\"> </span>-996<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs655\">Print4all <span class=\"_ _1db\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 444 <span class=\"_ _af\"> </span>-444<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs656\">Expodetergo International <span class=\"_ _e0\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 417 <span class=\"_ _166\"> </span>-417<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs657\">Eurocucina <span class=\"_ _1cc\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 415 <span class=\"_ _166\"> </span>-415<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs658\">Venditalia <span class=\"_ _8e\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 407 <span class=\"_ _166\"> </span>-407<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs659\">Simei <span class=\"_ _296\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 306 <span class=\"_ _166\"> </span>-306<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs65a\">Fire Show <span class=\"_ _292\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 296 <span class=\"_ _166\"> </span>-296<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs65b\">Salone Internazione del Bagno <span class=\"_ _f2\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 261 <span class=\"_ _166\"> </span>-261<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs65c\">Greenplast <span class=\"_ _8c\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 101 <span class=\"_ _166\"> </span>-101<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs65d\">Miart <span class=\"_ _15b\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 61 <span class=\"_ _225\"> </span>-61<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs65e\">Congressi e altre manifestazioni <span class=\"_ _101\"> </span><span class=\"fc0\"> 4.723 <span class=\"_ _3d\"> </span></span> 4.893 <span class=\"_ _af\"> </span>-170<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs65f\">Totale <span class=\"_ _226\"> </span>29.869<span class=\"_ _3d\"> </span><span class=\"fc4\">35.886<span class=\"_ _e9\"> </span>-6.017<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws12 gs660\">La vo<span class=\"_ _1\"></span>ce Ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 28 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>339 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs661\">ver<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>i rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>da al<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 53 d<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ta a ta<span class=\"_ _1\"></span>li op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs663\">2<span class=\"_ _1\"></span>8) D<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri r<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi a<span class=\"_ _1\"></span>l d<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _7\"></span>to d<span class=\"_ _1\"></span>\u2019us<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 i<span class=\"_ _1\"></span>n lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs664\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 49.8<span class=\"_ _1\"></span>89 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (4<span class=\"_ _6\"></span>1.3<span class=\"_ _0\"></span>76 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs665\">Deb<span class=\"_ _1\"></span>iti fin<span class=\"_ _1\"></span>anzia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i al dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso dell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 in l<span class=\"_ _1\"></span>oca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"ff6 fs2\"> <span class=\"_ _163\"> </span><span class=\"fs32 fc4\">(migliaia di euro)</span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs666\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs667\">Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _1ca\"> </span><span class=\"fc0\"> 49.889 <span class=\"_ _3b\"> </span></span> 41.376 <span class=\"_ _3d\"> </span> 8.513<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs668\">Totale<span class=\"_ _226\"> </span> 49.889 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 41.376 <span class=\"_ _3d\"> </span> 8.513<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws135 gs669\">Si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no al<span class=\"_ _1\"></span>la quo<span class=\"_ _1\"></span>ta a b<span class=\"_ _1\"></span>reve ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a <span class=\"ff12 ls39 ws187\">lease liability<span class=\"_ _6\"></span><span class=\"ff6 ls7 wsc6\">. T<span class=\"_ _6\"></span>ale passivit\u00e0 rapprese<span class=\"_ _1\"></span>nta l\u2019<span class=\"_ _6\"></span>obbligazione ad effet<span class=\"_ _1\"></span>tuare<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls39 ws187\"><span class=\"ff6 ls7 wsc6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws12 gs66a\">i pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>ai c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>gli i<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>bili e d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>o au<span class=\"_ _1\"></span>to, ed \u00e8 ril<span class=\"_ _1\"></span>evata i<span class=\"_ _1\"></span>n app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc9 gs66b\">pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipio I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _0\"></span>6. L<span class=\"_ _1\"></span>a var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>n aum<span class=\"_ _1\"></span>ento s<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte al<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws14 gs66c\">della riduzione t<span class=\"_ _0\"></span>emporane<span class=\"_ _1\"></span>a dei canoni di locazione dei poli fieristici di<span class=\"_ _0\"></span> Rho e Milano<span class=\"_ _0\"></span>, oltre che alla<span class=\"_ _0\"></span> rivalutazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs66d\">monetaria del contrat<span class=\"_ _1\"></span>to di<span class=\"_ _0\"></span> loca<span class=\"_ _1\"></span>zione dei quartier<span class=\"_ _1\"></span>i fieristici.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws39 gs66e\">La vo<span class=\"_ _1\"></span>ce D<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi al d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d\u2019uso del<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 in lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude 4<span class=\"_ _1\"></span>8.<span class=\"_ _1\"></span>295 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (39.821<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws101 gs66f\">migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>anti o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs670\">alla n<span class=\"_ _0\"></span>ota 53 d<span class=\"_ _0\"></span>edicata a tal<span class=\"_ _0\"></span>i operazioni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs671\">29) Altre passivit\u00e0 finanziarie<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs672\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 61<span class=\"_ _6\"></span>8 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (9.99<span class=\"_ _1\"></span>4 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs673\">Altre passivit<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _1ad\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs674\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs675\">Debiti finanziari verso Controllante<span class=\"_ _297\"> </span><span class=\"fc0\"> 130 <span class=\"_ _3d\"> </span></span> 9.560 <span class=\"_ _227\"> </span>-9.430<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs676\">Altri debiti finanziari<span class=\"_ _e7\"> </span><span class=\"fc0\"> 488 <span class=\"_ _228\"> </span></span> 434 <span class=\"_ _26\"> </span> 54<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs677\">Totale<span class=\"_ _7f\"> </span> 618 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 9.994 <span class=\"_ _227\"> </span>-9.376<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws105 gs678\">La vo<span class=\"_ _1\"></span>ce \u201cD<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o Co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>nte\u201d si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>l sa<span class=\"_ _1\"></span>ldo d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te di co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za i<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa5 gs679\">nell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo c<span class=\"_ _1\"></span>on Fo<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano. Il t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato \u00e8 pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>eur<span class=\"_ _1\"></span>ibo<span class=\"_ _1\"></span>r a un m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e pi\u00f9 u<span class=\"_ _1\"></span>no sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ad de<span class=\"_ _1\"></span>llo<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws23 gs67a\">0,<span class=\"_ _6\"></span>75<span class=\"_ _6\"></span>%. La variazione rispetto all\u2019<span class=\"_ _6\"></span>esercizio precede<span class=\"_ _1\"></span>nte \u00e8<span class=\"_ _0\"></span> principalmente imputabile alla regolazione del canone di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs67b\">loca<span class=\"_ _1\"></span>zione.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa0 gs67c\">La vo<span class=\"_ _1\"></span>ce \u201c<span class=\"_ _0\"></span>Al<span class=\"_ _1\"></span>tri d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>iti fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri\u201d s<span class=\"_ _1\"></span>i rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>a valo<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>bito p<span class=\"_ _1\"></span>er l\u2019acquis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>elle r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>nti q<span class=\"_ _1\"></span>uote di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs67d\">terzi della societ\u00e0 Fiera Milano Brasil L<span class=\"_ _0\"></span>tda.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws8e gs67e\">La vo<span class=\"_ _1\"></span>ce A<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 1<span class=\"_ _0\"></span>30 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (9.56<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws17d gs67f\">riguardanti opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs681\">30) F<span class=\"_ _0\"></span>ondi per<span class=\"_ _0\"></span> rischi e<span class=\"_ _6\"></span> oneri<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs682\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 5.44<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (6<span class=\"_ _1\"></span>.437 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs683\">Fondi pe<span class=\"_ _1\"></span>r ris<span class=\"_ _1\"></span>chi e o<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>i<span class=\"_ _280\"> </span><span class=\"ff6 fs32 fc4\">(migliaia di euro)<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs684\">31/12/21<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs685\">accantona-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs686\">menti<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs687\">rilascio quote<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs688\">eccedenti<span class=\"_ _197\"> </span>utilizzi<span class=\"_ _119\"> </span>Effetto cambi<span class=\"_ _187\"> </span>riclassifiche<span class=\"_ _194\"> </span><span class=\"fc0\">31/12/22<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs689\">Altri fondi rischi e oneri<span class=\"_ _13d\"> </span> 6.437 <span class=\"_ _13d\"> </span> 2.229 <span class=\"_ _5b\"> </span> 70 <span class=\"_ _197\"> </span> 3.223 <span class=\"_ _5b\"> </span> 70 <span class=\"_ _16\"> </span> -<span class=\"_ _9\"> </span><span class=\"fc0\"> 5.443<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs68a\">Totale<span class=\"_ _298\"> </span><span class=\"fc4\"> 6.437 <span class=\"_ _13d\"> </span> 2.229 <span class=\"_ _76\"> </span> 70 <span class=\"_ _13d\"> </span> 3.223 <span class=\"_ _76\"> </span> 70 <span class=\"_ _16\"> </span> -<span class=\"_ _df\"> </span></span> 5.443<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls6 wsbc gs68b\">La voce<span class=\"_ _0\"></span> si rif<span class=\"_ _0\"></span>erisce princi<span class=\"_ _0\"></span>palment<span class=\"_ _0\"></span>e:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs68c\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">pe<span class=\"_ _1\"></span>r 555 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o a Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o Br<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>il Ltda pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi dive<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tui<span class=\"_ _1\"></span>ti a fro<span class=\"_ _1\"></span>nte di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>over<span class=\"_ _1\"></span>sie l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ali;<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs68d\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws1f0\">pe<span class=\"_ _1\"></span>r 4.<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>7 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>a sti<span class=\"_ _1\"></span>ma di p<span class=\"_ _1\"></span>rob<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ate all<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>org<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span></span><span class=\"fc4 ws1f0\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws122 gs68e\">a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>le, c<span class=\"_ _1\"></span>alc<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ate in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>mib<span class=\"_ _1\"></span>ile e<span class=\"_ _1\"></span>sito d<span class=\"_ _1\"></span>elle s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>ia at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in<span class=\"_ _1\"></span>tern<span class=\"_ _1\"></span>e ch<span class=\"_ _1\"></span>e con i<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs68f\">sup<span class=\"_ _1\"></span>por<span class=\"_ _7\"></span>to di le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>li e<span class=\"_ _1\"></span>ster<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls2b ws5e gs690\">31<span class=\"_ _6\"></span>) Debiti<span class=\"_ _0\"></span> tributari<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs691\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 2.60<span class=\"_ _1\"></span>6 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (4.955 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>sti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs692\">Debiti tributa<span class=\"_ _1\"></span>ri<span class=\"_ _235\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs693\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs694\">Debiti verso Erario per Irpef lavoratori dipendenti<span class=\"_ _1f4\"> </span><span class=\"fc0\"> 1.233 <span class=\"_ _3d\"> </span></span> 2.010 <span class=\"_ _166\"> </span>-777<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs695\">Debiti verso Erario per imposte dell\u2019esercizio<span class=\"_ _108\"> </span><span class=\"fc0\"> 493 <span class=\"_ _228\"> </span></span> 940 <span class=\"_ _af\"> </span>-447<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs696\">Debiti verso Erario per Irpef lavor.autonomi e co.co.pro.<span class=\"_ _176\"> </span><span class=\"fc0\"> 117 <span class=\"_ _228\"> </span></span> 145 <span class=\"_ _225\"> </span>-28<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs697\">Altri debiti tributari<span class=\"_ _c2\"> </span><span class=\"fc0\"> 763 <span class=\"_ _3d\"> </span></span> 1.860 <span class=\"_ _227\"> </span>-1.097<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs698\">Totale<span class=\"_ _276\"> </span> 2.606 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 4.955 <span class=\"_ _227\"> </span>-2.349<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb5 gs699\">Il de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla voc<span class=\"_ _1\"></span>e \u00e8 pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte im<span class=\"_ _1\"></span>put<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>inzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to sor<span class=\"_ _7\"></span>to a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws109 gs69a\">nell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o 2020 de<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti da r<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>nute e Ir<span class=\"_ _1\"></span>ap, co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uen<span class=\"_ _1\"></span>te all<span class=\"_ _1\"></span>e misu<span class=\"_ _1\"></span>re g<span class=\"_ _1\"></span>overn<span class=\"_ _1\"></span>ative ad<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rge<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls46 wsd9 gs69b\">sanitaria Covid-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws19 gs69c\">Gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>biti t<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i si so<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ati n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 Fie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no Br<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>il Ltda p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>.0<span class=\"_ _1\"></span>08 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs69d\">fronte della<span class=\"_ _0\"></span> liquidazione di un contenzioso tributario.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls29 wse8 gs69f\">32) Altre<span class=\"_ _0\"></span> passivit\u00e0<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs6a0\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 20.7<span class=\"_ _0\"></span>23 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (2<span class=\"_ _1\"></span>2.<span class=\"_ _6\"></span>756 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs6a1\">Altre pas<span class=\"_ _1\"></span>sivit\u00e0<span class=\"_ _28c\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a2\"> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a3\">Debiti verso personale<span class=\"_ _e0\"> </span><span class=\"fc0\">7.568<span class=\"_ _41\"> </span></span>4.113<span class=\"_ _41\"> </span>3.455<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a4\">Debiti verso organizzatori ed altri<span class=\"_ _299\"> </span><span class=\"fc0\"> 5.672 <span class=\"_ _3b\"> </span></span> 10.855 <span class=\"_ _227\"> </span>-5.183<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a5\">Debiti verso organizzatori collegate e <span class=\"ff12\">joint venture<span class=\"_ _29a\"> </span></span><span class=\"fc0\"> 3.540 <span class=\"_ _3d\"> </span></span> 3.270 <span class=\"_ _228\"> </span> 270<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a6\">Debiti verso istituti previdenziali<span class=\"_ _20\"> </span><span class=\"fc0\"> 2.074 <span class=\"_ _3d\"> </span></span> 2.744 <span class=\"_ _28\"> </span>-670<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a7\">Debiti commerciali verso collegate e <span class=\"ff12\">joint venture<span class=\"_ _29b\"> </span></span><span class=\"fc0\">574<span class=\"_ _1fe\"> </span></span> 535 <span class=\"_ _27b\"> </span>39<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a8\">Debiti verso amministratori e sindaci<span class=\"_ _29c\"> </span><span class=\"fc0\"> 98 <span class=\"_ _228\"> </span></span> 121 <span class=\"_ _225\"> </span>-23<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6a9\">Debiti verso altre parti correlate<span class=\"_ _109\"> </span><span class=\"fc0\">153<span class=\"_ _1fe\"> </span></span> 114 <span class=\"_ _27b\"> </span>39<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6aa\">Debiti verso Controllante<span class=\"_ _ad\"> </span><span class=\"fc0\"> 73 <span class=\"_ _228\"> </span></span> 104 <span class=\"_ _225\"> </span>-31<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ab\">Debiti verso consociate <span class=\"_ _c8\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 59 <span class=\"_ _225\"> </span>-59<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ac\">Altri debiti<span class=\"_ _29d\"> </span><span class=\"fc0\"> 573 <span class=\"_ _228\"> </span></span> 673 <span class=\"_ _af\"> </span>-100<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ad\">Risconti passivi verso Controllante<span class=\"_ _240\"> </span><span class=\"fc0\"> 5 <span class=\"_ _83\"> </span></span> -<span class=\"_ _158\"> </span> 5<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ae\">Risconti passivi verso collegate e <span class=\"ff12\">joint venture<span class=\"_ _29e\"> </span></span><span class=\"fc0\"> 7 <span class=\"_ _7c\"> </span></span> 2 <span class=\"_ _7c\"> </span> 5<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6af\">Ratei e Risconti passivi <span class=\"_ _29f\"> </span><span class=\"fc0\"> 386 <span class=\"_ _228\"> </span></span> 166 <span class=\"_ _6e\"> </span> 220<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs6b0\">Totale<span class=\"_ _46\"> </span>20.723<span class=\"_ _3d\"> </span><span class=\"fc4\">22.756<span class=\"_ _a3\"> </span>-2.033<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs6b1\">Le var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ali r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte son<span class=\"_ _1\"></span>o di se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tte:<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs6b2\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws1ef\">de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i deb<span class=\"_ _1\"></span>iti ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o or<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>tori e<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>i, pri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i agli i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>onto de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></span><span class=\"fc4 ws1ef\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs6b3\">organizzatori di manifesta<span class=\"_ _1\"></span>zioni fieristiche;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs6b4\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws41\">inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to dei d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ti ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale, p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te imp<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e ai m<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r la pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span></span><span class=\"fc4 ws41\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws18f gs6b5\">vari<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile de<span class=\"_ _1\"></span>lle r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibuz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i olt<span class=\"_ _1\"></span>re ch<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r le tr<span class=\"_ _1\"></span>ans<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>e ma n<span class=\"_ _1\"></span>on an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra li<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>date e re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ive all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs6b6\">riorganizz<span class=\"_ _1\"></span>azione a<span class=\"_ _1\"></span>ziendale.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws7e gs6b7\">La vo<span class=\"_ _1\"></span>ce A<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 4.352 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (4.084 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>dan<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs6b8\">opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span></div>33) Attivit\u00e0 e passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019indebitamento finanziario di<span class=\"_ _0\"></span> Grupp<span class=\"_ _1\"></span>o e la<span class=\"_ _0\"></span> relativa composizione sono riportate nella tabella che segue:<span class=\"_ _348\"> </span>Indebitamento finanziario di Gruppo<span class=\"ff6 fs2 ls3 ws3\"> </span>(dati in migliaia di euro)<span class=\"_ _156\"> </span><span class=\"ff1 fs2 fc0\">31/12/22<span class=\"_ _194\"> </span><span class=\"fc4\">31/12/21*<span class=\"_ _1fc\"> </span>variazione<span class=\"_ _348\"> </span></span></span>A. <span class=\"_ _52\"> </span>Disponibilit\u00e0 liquide<span class=\"_ _c4\"> </span><span class=\"fc0\">81.971<span class=\"_ _155\"> </span></span>148.250<span class=\"_ _243\"> </span>-66.279<span class=\"_ _348\"> </span>B.  <span class=\"_ _172\"> </span>Mezzi equivalenti a disponibilit\u00e0 liquide<span class=\"_ _2a0\"> </span><span class=\"fc0\">30.652<span class=\"_ _e5\"> </span></span>-<span class=\"_ _13d\"> </span>30.652<span class=\"_ _348\"> </span>C.  <span class=\"_ _119\"> </span>Altre attivit\u00e0 finanziarie correnti<span class=\"_ _56\"> </span><span class=\"fc0\">5.768<span class=\"_ _9f\"> </span></span>8.205<span class=\"_ _a5\"> </span>-2.437 <span class=\"_ _152\"> </span><span class=\"ff12\">- C1 di cui Altre attivit\u00e0 finanziarie correnti verso joint venture<span class=\"_ _57\"> </span><span class=\"fc0\">703<span class=\"_ _9f\"> </span></span>2.408<span class=\"_ _a5\"> </span>-1.705<span class=\"_ _348\"> </span></span>D. <span class=\"ff6 fc4\"> <span class=\"_ _37\"> </span></span>Liquidit\u00e0 (A+B+C)<span class=\"_ _144\"> </span>118.391<span class=\"_ _155\"> </span><span class=\"fc4\">156.455<span class=\"_ _1bc\"> </span>-38.064<span class=\"_ _348\"> </span></span>E.  <span class=\"_ _139\"> </span>Debito finanziario corrente<span class=\"_ _133\"> </span><span class=\"fc0\">618<span class=\"_ _9f\"> </span></span>9.994<span class=\"_ _134\"> </span>-9.376 <span class=\"_ _152\"> </span><span class=\"ff12\">- E.1 di cui Debito finanziario corrente verso Controllante<span class=\"_ _178\"> </span><span class=\"fc0\">130<span class=\"_ _252\"> </span></span>9.560<span class=\"_ _a5\"> </span>-9.430<span class=\"_ _348\"> </span></span>F.  <span class=\"_ _36\"> </span>Parte corrente dell\u2019indebitamento non corrente<span class=\"_ _2a1\"> </span><span class=\"fc0\">27.250<span class=\"_ _74\"> </span></span>938<span class=\"_ _13d\"> </span>26.312<span class=\"_ _348\"> </span>G. <span class=\"ff6 fc4\"> <span class=\"_ _37\"> </span></span>Indebitamento finanziario corrente (E+F)<span class=\"_ _2a2\"> </span>27.868<span class=\"_ _254\"> </span><span class=\"fc4\">10.932<span class=\"_ _197\"> </span>16.936<span class=\"_ _348\"> </span></span>H. <span class=\"ff6 fc4\"> <span class=\"_ _37\"> </span></span>Indebitamento (Disponibilit\u00e0) finanziario corrente netto (G-D)<span class=\"_ _2a3\"> </span>-90.523<span class=\"_ _173\"> </span><span class=\"fc4\">-145.523<span class=\"_ _197\"> </span>55.000<span class=\"_ _348\"> </span></span>I.  <span class=\"_ _7e\"> </span>Debito finanziario non corrente<span class=\"_ _cf\"> </span><span class=\"fc0\">62.549<span class=\"_ _69\"> </span></span>98.229<span class=\"_ _243\"> </span>-35.680<span class=\"_ _348\"> </span>J.  <span class=\"_ _35\"> </span>Strumenti di debito<span class=\"_ _294\"> </span><span class=\"fc0\">-<span class=\"_ _e5\"> </span></span>-<span class=\"_ _167\"> </span>-<span class=\"_ _348\"> </span>K.  <span class=\"_ _172\"> </span>Altri debiti non correnti<span class=\"_ _93\"> </span><span class=\"fc0\">-<span class=\"_ _e5\"> </span></span>-<span class=\"_ _167\"> </span>-<span class=\"_ _348\"> </span>L. <span class=\"ff6 fc4\"> <span class=\"_ _36\"> </span></span>Indebitamento finanziario non corrente (I+J+K)<span class=\"_ _a6\"> </span>62.549<span class=\"_ _254\"> </span><span class=\"fc4\">98.229<span class=\"_ _195\"> </span>-35.680<span class=\"_ _348\"> </span></span>Indebitamento (Disponibilit\u00e0) finanziario netto delle attivit\u00e0 in continuit\u00e0 (H+L)<span class=\"_ _2a\"> </span>-27.974<span class=\"_ _13d\"> </span><span class=\"fc4\">-47.294<span class=\"_ _197\"> </span>19.320<span class=\"_ _348\"> </span></span>Indebitamento (Disponibilit\u00e0) finanziario netto delle attivit\u00e0 destinate alla vendita<span class=\"_ _18\"> </span>-1.809<span class=\"_ _c7\"> </span><span class=\"fc4\">-48<span class=\"_ _a5\"> </span>-1.761<span class=\"_ _348\"> </span></span>M. <span class=\"ff6 fc4\"> <span class=\"_ _135\"> </span></span>Indebitamento (Disponibilit\u00e0) finanziario netto pre IFRS 16<span class=\"_ _165\"> </span>-29.783<span class=\"_ _197\"> </span><span class=\"fc4\">-47.342<span class=\"_ _13d\"> </span>17.559<span class=\"_ _348\"> </span></span>N.  <span class=\"_ _119\"> </span>Debiti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _31\"> </span><span class=\"fc0\">49.889<span class=\"_ _254\"> </span></span>41.376<span class=\"_ _19\"> </span>8.513<span class=\"_ _348\"> </span>- N.1 di cui Debiti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span>locazione verso Controllante<span class=\"_ _2a4\"> </span><span class=\"fc0\">48.295<span class=\"_ _254\"> </span></span>39.821<span class=\"_ _18\"> </span>8.474<span class=\"_ _348\"> </span>O.  <span class=\"_ _37\"> </span>Debiti finanziari non correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _21a\"> </span><span class=\"fc0\">346.858<span class=\"_ _155\"> </span></span>370.568<span class=\"_ _243\"> </span>-23.710<span class=\"_ _348\"> </span>- O.1 di cui Debiti finanziari non correnti relativi al diritto d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span>locazione verso Controllante<span class=\"_ _1c0\"> </span><span class=\"fc0\">345.348<span class=\"_ _155\"> </span></span>367.703<span class=\"_ _243\"> </span>-22.355<span class=\"_ _348\"> </span>P.  <span class=\"_ _172\"> </span>Crediti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _2a3\"> </span><span class=\"fc0\">-<span class=\"_ _e5\"> </span></span>-<span class=\"_ _167\"> </span>-<span class=\"_ _348\"> </span>Effetti finanziari derivanti dall\u2019applicazione dell\u2019IFRS 16<span class=\"_ _1f4\"> </span>396.747<span class=\"_ _155\"> </span><span class=\"fc4\">411.944<span class=\"_ _243\"> </span>-15.197<span class=\"_ _348\"> </span></span>Q. <span class=\"ff6 fc4\"> <span class=\"_ _17d\"> </span></span>Indebitamento finanziario netto complessivo (M+N+O-P)<span class=\"_ _269\"> </span>366.964<span class=\"_ _2f\"> </span><span class=\"fc4\">364.602<span class=\"_ _18\"> </span>2.362<span class=\"_ _348\"> </span></span>* <span class=\"_ _6\"></span> <span class=\"_ _138\"> </span>Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito del<span class=\"_ _348\"> </span>conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma.<span class=\"_ _348\"> </span>Per quant<span class=\"_ _0\"></span>o riguarda l\u2019Indebitamento finanziario netto non<span class=\"_ _0\"></span> comprensivo della <span class=\"ff12 ls39 wsf2\">lease liability </span><span class=\"ls3 ws7e\">IFRS 16, il Grup<span class=\"_ _1\"></span>po<span class=\"_ _348\"> </span></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022 u<span class=\"_ _1\"></span>na di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta di 29.783 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to ad una<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ria n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di 4<span class=\"_ _0\"></span>7<span class=\"_ _6\"></span>.342 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>. I<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>.559 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia<span class=\"_ _348\"> </span>di eu<span class=\"_ _1\"></span>ro \u00e8 dovu<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>bin<span class=\"_ _1\"></span>ato di un<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tiva in e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>libr<span class=\"_ _1\"></span>io a c<span class=\"_ _1\"></span>ui si a<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>ono g<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span>ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>aor<span class=\"_ _1\"></span>din<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i dell\u2019oper<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>n Ge.F<span class=\"_ _1\"></span>i. SpA e de<span class=\"_ _1\"></span>gli i<span class=\"_ _1\"></span>nvesti<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti in s<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>mi di<span class=\"_ _1\"></span>git<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio.<span class=\"_ _348\"> </span>Si segnala che la disponibilit\u00e0<span class=\"_ _0\"></span> finanziaria net<span class=\"_ _1\"></span>ta delle attivit\u00e0 destinate<span class=\"_ _0\"></span> alla vendita, pari a 1<span class=\"_ _6\"></span>.809 migliaia di<span class=\"_ _0\"></span> euro<span class=\"_ _348\"> </span>(48 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>), rigua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>a la dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ida p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a in us<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>ta pe<span class=\"_ _1\"></span>r il c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _348\"> </span>ram<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivo al<span class=\"_ _1\"></span>la ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>tofo<span class=\"_ _1\"></span>od\u201d<span class=\"_ _0\"></span>. Per m<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agl<span class=\"_ _1\"></span>i si ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>lla n<span class=\"_ _1\"></span>ota 1<span class=\"_ _0\"></span>.7 \u201cInfor<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>va<span class=\"_ _348\"> </span>sulle attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019indebitamento finanziario netto comprensivo della<span class=\"_ _0\"></span> <span class=\"ff12 ls39 wsb2\">lease liability</span><span class=\"ls3 ws47\"> IFR<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>6 amm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a a 36<span class=\"_ _1\"></span>6.9<span class=\"_ _1\"></span>64 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span></span>(36<span class=\"_ _1\"></span>4.602 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span>Di se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste le in<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni in<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>ve rel<span class=\"_ _1\"></span>ative ag<span class=\"_ _1\"></span>li st<span class=\"_ _1\"></span>rum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i del G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ntono<span class=\"_ _348\"> </span>di megl<span class=\"_ _0\"></span>io val<span class=\"_ _0\"></span>utare:<span class=\"_ _348\"> </span>a) <span class=\"_ _139\"> </span>la rilevanza degli strumenti finanziari con riferimento al<span class=\"_ _0\"></span>la situazione patrimoniale<span class=\"_ _1\"></span>-finanziaria ed al risultato<span class=\"_ _0\"></span> economico;<span class=\"_ _348\"> </span>b) <span class=\"_ _139\"> </span>l<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra e l\u2019<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 dei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>ti dag<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i ai qu<span class=\"_ _1\"></span>ali il G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o \u00e8 st<span class=\"_ _1\"></span>ato es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sto ne<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>esercizio e del precedente e le<span class=\"_ _0\"></span> relative modalit\u00e0 di<span class=\"_ _0\"></span> gestione.<span class=\"_ _348\"> </span>Classi<span class=\"_ _0\"></span> degli strumenti<span class=\"_ _0\"></span> finanziari<span class=\"_ _348\"> </span>Le voc<span class=\"_ _1\"></span>i esp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>tato pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>nia<span class=\"_ _1\"></span>le e le ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogi<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hio re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tive agli s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre<span class=\"_ _348\"> </span>2022 e<span class=\"_ _1\"></span>d al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021 son<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste ne<span class=\"_ _1\"></span>lla ma<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ice s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>Cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>schi<span class=\"_ _1\"></span>o<span class=\"fs2 fc0\"> </span>(migliaia di euro)<span class=\"_ _f4\"> </span><span class=\"ff1\">note<span class=\"_ _348\"> </span></span>Bilancio al<span class=\"_ _348\"> </span>31/12/22<span class=\"_ _348\"> </span>Bilancio al<span class=\"_ _348\"> </span>31/12/21<span class=\"_ _348\"> </span>Rischio<span class=\"_ _348\"> </span>liquidit\u00e0<span class=\"_ _348\"> </span>Rischio<span class=\"_ _348\"> </span>tasso<span class=\"_ _348\"> </span>Rischio<span class=\"_ _348\"> </span>credito<span class=\"_ _348\"> </span>ATTIVO NON CORRENTE<span class=\"_ _8f\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _c7\"> </span></span><span class=\"ff1\"> <span class=\"_ _2c\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _168\"> </span><span class=\"ff1\"> <span class=\"_ _a7\"> </span> <span class=\"_ _168\"> </span> </span></span></span>Altre attivit\u00e0 finanziarie<span class=\"_ _6c\"> </span>10 <span class=\"_ _1f8\"> </span><span class=\"ff1 fc0\">2.386 <span class=\"_ _259\"> </span></span>71 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _5d\"> </span>X<span class=\"_ _348\"> </span></span>Crediti commerciali e altri<span class=\"_ _2a5\"> </span>11 <span class=\"_ _16a\"> </span><span class=\"ff1 fc0\">33.424 <span class=\"_ _194\"> </span></span>31.961 <span class=\"_ _270\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>ATTIVO CORRENTE<span class=\"_ _348\"> </span>Crediti commerciali e altri<span class=\"_ _2a5\"> </span>13 <span class=\"_ _16a\"> </span><span class=\"ff1 fc0\">33.404 <span class=\"_ _194\"> </span></span>31.130 <span class=\"_ _270\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>Attivit\u00e0 finanziarie<span class=\"_ _68\"> </span>15 <span class=\"_ _194\"> </span><span class=\"ff1 fc0\">36.420 <span class=\"_ _1f8\"> </span></span>8.205 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Disponibilit\u00e0 liquide e mezzi equivalenti<span class=\"_ _184\"> </span>16 <span class=\"_ _194\"> </span><span class=\"ff1 fc0\">81.971 <span class=\"_ _18c\"> </span></span>148.250<span class=\"_ _348\"> </span>Disponibilit\u00e0 liquide e mezzi equivalenti da attivit\u00e0 destinate<span class=\"_ _348\"> </span>alla vendita<span class=\"_ _2a6\"> </span>1.7<span class=\"_ _1f6\"> </span><span class=\"ff1 fc0\">1.809 <span class=\"_ _5d\"> </span></span>48<span class=\"_ _348\"> </span>PASSIVO NON CORRENTE<span class=\"_ _348\"> </span>Debiti verso banche<span class=\"_ _203\"> </span>18 <span class=\"_ _194\"> </span><span class=\"ff1 fc0\">60.866 <span class=\"_ _267\"> </span></span>98.229 <span class=\"_ _25e\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _180\"> </span>19 <span class=\"_ _e\"> </span><span class=\"ff1 fc0\">346.858 <span class=\"_ _18b\"> </span></span>370.568 <span class=\"_ _25e\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Altre passivit\u00e0 finanziarie<span class=\"_ _108\"> </span>20 <span class=\"_ _173\"> </span><span class=\"ff1 fc0\">1.683 <span class=\"_ _171\"> </span></span>- <span class=\"_ _2a7\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>Altre passivit\u00e0<span class=\"_ _2a8\"> </span>24 <span class=\"_ _171\"> </span><span class=\"ff1 fc0\">- <span class=\"_ _9\"> </span></span>655<span class=\"_ _348\"> </span>PASSIVO CORRENTE<span class=\"_ _348\"> </span>Debiti verso banche<span class=\"_ _203\"> </span>25 <span class=\"_ _194\"> </span><span class=\"ff1 fc0\">27.250 <span class=\"_ _9\"> </span></span>938 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Debiti verso fornitori<span class=\"_ _247\"> </span>26 <span class=\"_ _267\"> </span><span class=\"ff1 fc0\">50.317 <span class=\"_ _194\"> </span></span>50.569 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _180\"> </span>28 <span class=\"_ _194\"> </span><span class=\"ff1 fc0\">49.889 <span class=\"_ _267\"> </span></span>41.376 <span class=\"_ _25e\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Altre passivit\u00e0 finanziarie<span class=\"_ _108\"> </span>29 <span class=\"_ _df\"> </span><span class=\"ff1 fc0\">618 <span class=\"_ _26b\"> </span></span>9.994 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _29\"> </span>X<span class=\"_ _348\"> </span></span>Altre passivit\u00e0<span class=\"_ _2a8\"> </span>32 <span class=\"_ _16a\"> </span><span class=\"ff1 fc0\">20.723 <span class=\"_ _194\"> </span></span>22.756 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>Altre passivit\u00e0 destinate alla vendita<span class=\"_ _1b0\"> </span>1.7<span class=\"_ _168\"> </span><span class=\"ff1 fc0\">20 <span class=\"_ _5d\"> </span></span>21 <span class=\"_ _130\"> </span><span class=\"ff1\">X<span class=\"_ _348\"> </span></span>Rilev<span class=\"_ _0\"></span>anza degl<span class=\"_ _0\"></span>i strumenti finanz<span class=\"_ _0\"></span>iari<span class=\"_ _348\"> </span>Gli s<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i e la re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tiva ri<span class=\"_ _1\"></span>levanz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>, con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>a situ<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e ed a<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021 ed a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22, sono e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>lle t<span class=\"_ _1\"></span>abe<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs6ba\">Categorie di attivit<span class=\"_ _1\"></span>\u00e0 e passivit\u00e0 finanziar<span class=\"_ _1\"></span>ie esposte in bilancio<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs6bb\">(migliaia di euro)<span class=\"_ _1e9\"> </span><span class=\"ff1\">note<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6bc\">Bilancio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6bd\">31/12/21<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6be\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6bf\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c0\">al <span class=\"ff4\">fair value</span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c1\">nel conto </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c2\">economico </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c3\">(FVTPL)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c4\">Passivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c5\">misurate </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c6\">al costo<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c7\">ammor-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c8\">tizzato </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6c9\">(HTC)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6ca\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6cb\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6cc\">al <span class=\"ff4\">fair value</span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6cd\">nella </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6ce\">riserva OCI </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6cf\">(FVOCI)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d0\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d1\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d2\">al costo<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d3\">ammor-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d4\">tizzato </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d5\">(HTC)<span class=\"_ _348\"> </span></div><div class=\"t m0 h9c ff4 fs2 fc4 sc0 ls3 ws3 gs6d6\">Fair </div><div class=\"t m0 h9c ff4 fs2 fc4 sc0 ls3 ws3 gs6d7\">value<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d8\">Effetto<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6d9\">a Conto<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6da\">Economico<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc4 sc0 ls3 ws3 gs6db\">ATTIVO NON CORRENTE<span class=\"_ _1e0\"> </span><span class=\"ff6\"> <span class=\"_ _17\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6dc\">Altre attivit\u00e0 finanziarie<span class=\"_ _2a9\"> </span>10 <span class=\"_ _18d\"> </span>71 <span class=\"_ _259\"> </span> - <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _18d\"> </span>71 <span class=\"_ _18d\"> </span>71 <span class=\"_ _ce\"> </span>2<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6dd\">Crediti commerciali e altri<span class=\"_ _26f\"> </span>11 <span class=\"_ _2aa\"> </span>31.961 <span class=\"_ _259\"> </span> - <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _187\"> </span>10.653 <span class=\"_ _51\"> </span>31.961 <span class=\"_ _ce\"> </span>1<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6de\">ATTIVO CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6df\">Crediti commerciali e altri<span class=\"_ _26f\"> </span>13 <span class=\"_ _2aa\"> </span>31.130 <span class=\"_ _259\"> </span> - <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _187\"> </span>31.130 <span class=\"_ _51\"> </span>31.130 <span class=\"_ _1f9\"> </span>-2<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e0\">Attivit\u00e0 finanziarie<span class=\"_ _200\"> </span>15 <span class=\"_ _17e\"> </span>8.205 <span class=\"_ _23c\"> </span>5.797 <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _17e\"> </span>2.408 <span class=\"_ _17e\"> </span>8.205 <span class=\"_ _12f\"> </span>744<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e1\">Disponibilit\u00e0 liquide e mezzi equivalenti<span class=\"_ _9\"> </span>16 <span class=\"_ _139\"> </span>148.250 <span class=\"_ _252\"> </span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _13d\"> </span>- <span class=\"_ _139\"> </span>148.250 <span class=\"_ _130\"> </span>15<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e2\">Disponibilit\u00e0 liquide e mezzi equivalenti da </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e3\">attivit\u00e0 destinate alla vendita<span class=\"_ _7c\"> </span>1.7<span class=\"_ _26b\"> </span>48 <span class=\"_ _252\"> </span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _12f\"> </span>- <span class=\"_ _18d\"> </span>48 <span class=\"_ _168\"> </span>- </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6e4\">PASSIVO NON CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e5\">Debiti verso banche<span class=\"_ _162\"> </span>18 <span class=\"_ _2aa\"> </span>98.229 <span class=\"_ _252\"> </span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _13d\"> </span>- <span class=\"_ _51\"> </span>98.229 <span class=\"_ _12c\"> </span>-1.314<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e6\">Debiti finanziari relativi al diritto d'uso delle </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e7\">attivit\u00e0 in locazione<span class=\"_ _27e\"> </span>19 <span class=\"_ _139\"> </span>370.568 <span class=\"_ _252\"> </span> - <span class=\"_ _50\"> </span>370.568 <span class=\"_ _259\"> </span> - <span class=\"_ _13d\"> </span>- <span class=\"_ _139\"> </span>370.568 <span class=\"_ _1fb\"> </span>-11.972<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e8\">Altre passivit\u00e0 finanziarie<span class=\"_ _9a\"> </span>20 <span class=\"_ _12f\"> </span>- <span class=\"_ _252\"> </span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _13d\"> </span>- <span class=\"_ _12f\"> </span>- <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6e9\">Altre passivit\u00e0<span class=\"_ _29a\"> </span>24 <span class=\"_ _12c\"> </span>655 <span class=\"_ _252\"> </span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _13d\"> </span>- <span class=\"_ _25c\"> </span>655 <span class=\"_ _25c\"> </span>-1.982<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6ea\">PASSIVO CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6eb\">Debiti verso banche<span class=\"_ _162\"> </span>25 <span class=\"_ _12c\"> </span>938 <span class=\"_ _252\"> </span> - <span class=\"_ _257\"> </span>938 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _25c\"> </span>938 <span class=\"_ _197\"> </span>-85<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ec\">Debiti verso fornitori<span class=\"_ _273\"> </span>26 <span class=\"_ _2aa\"> </span>50.569 <span class=\"_ _252\"> </span> - <span class=\"_ _180\"> </span>50.569 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _51\"> </span>50.569 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ed\">Debiti finanziari relativi al diritto d'uso delle </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ee\">attivit\u00e0 in locazione<span class=\"_ _27e\"> </span>28 <span class=\"_ _2aa\"> </span>41.376 <span class=\"_ _252\"> </span> - <span class=\"_ _181\"> </span>41.376 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _2aa\"> </span>41.376 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6ef\">Altre passivit\u00e0 finanziarie<span class=\"_ _9a\"> </span>29 <span class=\"_ _17f\"> </span>9.994 <span class=\"_ _252\"> </span> - <span class=\"_ _192\"> </span>9.994 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _17f\"> </span>9.994 <span class=\"_ _a\"> </span>-83<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6f0\">Altre passivit\u00e0<span class=\"_ _29a\"> </span>32 <span class=\"_ _2aa\"> </span>22.756 <span class=\"_ _252\"> </span> - <span class=\"_ _180\"> </span>22.756 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _51\"> </span>22.756 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs6f1\">Altre passivit\u00e0 destinate alla vendita<span class=\"_ _16b\"> </span>1.7<span class=\"_ _26b\"> </span>21 <span class=\"_ _252\"> </span> - <span class=\"_ _195\"> </span>21 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _18d\"> </span>21 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lse ws64 gs6f2\">Categorie di attivit<span class=\"_ _1\"></span>\u00e0 e passivit\u00e0 finanziar<span class=\"_ _1\"></span>ie esposte in bilancio<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs6f3\">(migliaia di euro)<span class=\"_ _1e9\"> </span><span class=\"ff1\">note</span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs6f4\"> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs6f5\">Bilancio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs6f6\">31/12/22<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6f7\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6f8\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6f9\">al <span class=\"ff4\">fair value</span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6fa\">nel conto </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6fb\">economico </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6fc\">(FVTPL)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6fd\">Passivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6fe\">misurate </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs6ff\">al costo<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs700\">ammor-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs701\">tizzato </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs702\">(HTC)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs703\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs704\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs705\">al <span class=\"ff4\">fair value</span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs706\">nella </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs707\">riserva OCI </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs708\">(FVOCI)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs709\">Attivit\u00e0 </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs70a\">misurate<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs70b\">al costo<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs70c\">ammor-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs70d\">tizzato </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs70e\">(HTC)<span class=\"_ _348\"> </span></div><div class=\"t m0 h9c ff4 fs2 fc4 sc0 ls3 ws3 gs70f\">Fair </div><div class=\"t m0 h9c ff4 fs2 fc4 sc0 ls3 ws3 gs710\">value<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs711\">Effetto<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs712\">a Conto<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs713\">Economico<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs714\">ATTIVO NON CORRENTE<span class=\"_ _1e0\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _17\"> </span></span> <span class=\"_ _171\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _29\"> </span> <span class=\"_ _171\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs715\">Altre attivit\u00e0 finanziarie<span class=\"_ _2a9\"> </span>10 <span class=\"_ _17e\"> </span><span class=\"ff1 fc0\">2.386 <span class=\"_ _259\"> </span></span> - <span class=\"_ _a\"> </span> - <span class=\"_ _257\"> </span>2.315 <span class=\"_ _18d\"> </span>71 <span class=\"_ _17e\"> </span>2.386 <span class=\"_ _a5\"> </span> 73 </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs716\">Crediti commerciali e altri<span class=\"_ _26f\"> </span>11 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">33.424 <span class=\"_ _259\"> </span></span> - <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _187\"> </span>10.597 <span class=\"_ _51\"> </span>33.424 <span class=\"_ _12f\"> </span>130<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs717\">ATTIVO CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs718\">Crediti commerciali e altri<span class=\"_ _26f\"> </span>13 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">33.404 <span class=\"_ _259\"> </span></span> - <span class=\"_ _201\"> </span> - <span class=\"_ _259\"> </span> - <span class=\"_ _187\"> </span>33.404 <span class=\"_ _51\"> </span>33.404 <span class=\"_ _130\"> </span>69<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs719\">Attivit\u00e0 finanziarie<span class=\"_ _200\"> </span>15 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">36.420 <span class=\"_ _16d\"> </span></span> 35.717 <span class=\"_ _268\"> </span>703 <span class=\"_ _51\"> </span>36.420 <span class=\"_ _12f\"> </span>244<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs71a\">Disponibilit\u00e0 liquide e mezzi equivalenti<span class=\"_ _9\"> </span>16 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">81.971 <span class=\"_ _252\"> </span></span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _21a\"> </span>81.971 <span class=\"_ _155\"> </span>153<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs71b\">Disponibilit\u00e0 liquide e mezzi equivalenti da </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs71c\">attivit\u00e0 destinate alla vendita<span class=\"_ _7c\"> </span>1.7<span class=\"_ _1fb\"> </span><span class=\"ff1 fc0\">1.809 <span class=\"_ _259\"> </span></span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _17e\"> </span>1.809 <span class=\"_ _259\"> </span> - </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs71d\">PASSIVO NON CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs71e\">Debiti verso banche<span class=\"_ _162\"> </span>18 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">60.866 <span class=\"_ _252\"> </span></span> - <span class=\"_ _a\"> </span> - <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _2aa\"> </span>60.866 <span class=\"_ _25c\"> </span>-1.777<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs71f\">Debiti finanziari relativi al diritto d'uso delle </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs720\">attivit\u00e0 in locazione<span class=\"_ _27e\"> </span>19 <span class=\"_ _139\"> </span><span class=\"ff1 fc0\">346.858 <span class=\"_ _252\"> </span></span> - <span class=\"_ _50\"> </span>346.858 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _139\"> </span>346.858 <span class=\"_ _1fb\"> </span>-11.280<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs721\">Altre passivit\u00e0 finanziarie<span class=\"_ _9a\"> </span>20 <span class=\"_ _17f\"> </span><span class=\"ff1 fc0\">1.683 <span class=\"_ _252\"> </span></span> - <span class=\"_ _14\"> </span> 1.683 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _17e\"> </span>1.683 <span class=\"_ _18\"> </span>-7<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs722\">Altre passivit\u00e0<span class=\"_ _29a\"> </span>24 <span class=\"_ _13d\"> </span><span class=\"ff1 fc0\">- <span class=\"_ _259\"> </span></span> - <span class=\"_ _2a7\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _195\"> </span> - <span class=\"_ _252\"> </span> - </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs723\">PASSIVO CORRENTE<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs724\">Debiti verso banche<span class=\"_ _162\"> </span>25 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">27.250 <span class=\"_ _252\"> </span></span> - <span class=\"_ _180\"> </span>27.250 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _51\"> </span>27.250 <span class=\"_ _a\"> </span>-26<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs725\">Debiti verso fornitori<span class=\"_ _273\"> </span>26 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">50.317 <span class=\"_ _252\"> </span></span> - <span class=\"_ _180\"> </span>50.317 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _51\"> </span>50.317 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs726\">Debiti finanziari relativi al diritto d'uso delle </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs727\">attivit\u00e0 in locazione<span class=\"_ _27e\"> </span>28 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">49.889 <span class=\"_ _252\"> </span></span> - <span class=\"_ _181\"> </span>49.889 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _2aa\"> </span>49.889 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs728\">Altre passivit\u00e0 finanziarie<span class=\"_ _9a\"> </span>29 <span class=\"_ _25c\"> </span><span class=\"ff1 fc0\">618 <span class=\"_ _252\"> </span></span> - <span class=\"_ _257\"> </span>618 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _12c\"> </span>618 <span class=\"_ _ce\"> </span>4<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs729\">Altre passivit\u00e0<span class=\"_ _29a\"> </span>32 <span class=\"_ _2aa\"> </span><span class=\"ff1 fc0\">20.723 <span class=\"_ _252\"> </span></span> - <span class=\"_ _180\"> </span>20.723 <span class=\"_ _259\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _51\"> </span>20.723 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs72a\">Altre passivit\u00e0 destinate alla vendita<span class=\"_ _16b\"> </span>1.7<span class=\"_ _26b\"> </span><span class=\"ff1 fc0\">20 <span class=\"_ _252\"> </span></span> - <span class=\"_ _195\"> </span>20 <span class=\"_ _252\"> </span> - <span class=\"_ _d9\"> </span> - <span class=\"_ _18d\"> </span>20 <span class=\"_ _168\"> </span>-<span class=\"_ _348\"> </span></div>Il v<span class=\"_ _0\"></span>alore contabile delle attivit\u00e0 e passivit\u00e0 finanziarie, come desumibile da quant<span class=\"_ _0\"></span>o rappresentato nelle precedenti<span class=\"_ _348\"> </span>tabelle,<span class=\"_ _0\"></span> rappresenta con<span class=\"_ _0\"></span> ragione<span class=\"_ _0\"></span>vole<span class=\"_ _0\"></span> approssimazione il<span class=\"_ _0\"></span> <span class=\"ff12 ls3 wsb0\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\"> (valo<span class=\"_ _1\"></span>re e<span class=\"_ _1\"></span>quo); infat<span class=\"_ _1\"></span>ti, g<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span></span></span>son<span class=\"_ _1\"></span>o ra<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tati d<span class=\"_ _1\"></span>al d<span class=\"_ _1\"></span>epo<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>to cauz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>ui c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne im<span class=\"_ _1\"></span>mob<span class=\"_ _1\"></span>ilia<span class=\"_ _1\"></span>re e da<span class=\"_ _1\"></span>ll\u2019inde<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to a breve e<span class=\"_ _348\"> </span>medio-lungo termine.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ali va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>ti al l<span class=\"_ _1\"></span>ivell<span class=\"_ _1\"></span>o 3 del<span class=\"_ _1\"></span>la ge<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>rch<span class=\"_ _1\"></span>ia p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>al p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>io co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e IFRS 13.<span class=\"_ _348\"> </span>Le variazioni delle passivit\u00e0 derivanti dalle<span class=\"_ _0\"></span> attivit\u00e0 di finanziamento sono dettagliate nella<span class=\"_ _0\"></span> tabella seguente:<span class=\"_ _348\"> </span>V<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zione delle passivit\u00e0 der<span class=\"_ _1\"></span>ivanti da attivit\u00e0 di finanziamento<span class=\"ff6 fs2 ls3 ws3\"> <span class=\"_ _162\"> </span><span class=\"fs32 fc4\">(migliaia di euro)</span></span>  Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/21<span class=\"_ _348\"> </span>Variazioni derivanti da<span class=\"_ _348\"> </span>flussi finanziari<span class=\"_ _348\"> </span>Variazioni<span class=\"_ _348\"> </span>non<span class=\"_ _348\"> </span>monetarie<span class=\"_ _348\"> </span>Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Incrementi<span class=\"_ _172\"> </span>Decrementi<span class=\"_ _348\"> </span>Debiti verso banche<span class=\"_ _2ac\"> </span> 98.229 <span class=\"_ _9e\"> </span> - <span class=\"_ _193\"> </span> 9.986 <span class=\"_ _274\"> </span>-27.377 <span class=\"_ _196\"> </span><span class=\"fc0\"> 60.866<span class=\"_ _348\"> </span></span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _23c\"> </span> 370.568 <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _274\"> </span>-23.710 <span class=\"_ _190\"> </span><span class=\"fc0\"> 346.858<span class=\"_ _348\"> </span></span>Altre passivit\u00e0 finanziarie<span class=\"_ _92\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _193\"> </span> 1.683 <span class=\"_ _193\"> </span><span class=\"fc0\"> 1.683<span class=\"_ _348\"> </span></span>Totale variazioni non correnti<span class=\"_ _1a7\"> </span><span class=\"fc4\"> 468.797 <span class=\"_ _9e\"> </span> - <span class=\"_ _193\"> </span> 9.986 <span class=\"_ _274\"> </span>-49.404 <span class=\"_ _190\"> </span></span> 409.407<span class=\"_ _348\"> </span>Linee di credito<span class=\"_ _2ad\"> </span> - <span class=\"_ _9e\"> </span><span class=\"fc0\"> -<span class=\"_ _348\"> </span></span>Finanziamenti bancari<span class=\"_ _92\"> </span> 938 <span class=\"_ _9e\"> </span> - <span class=\"_ _193\"> </span> 1.195 <span class=\"_ _196\"> </span> 27.507 <span class=\"_ _196\"> </span><span class=\"fc0\"> 27.250<span class=\"_ _348\"> </span></span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _243\"> </span> 41.376 <span class=\"_ _9e\"> </span> - <span class=\"_ _196\"> </span> 32.176 <span class=\"_ _25c\"> </span> 40.689 <span class=\"_ _196\"> </span><span class=\"fc0\"> 49.889<span class=\"_ _348\"> </span></span>Debiti finanziari correnti verso Controllante<span class=\"_ _9c\"> </span> 9.560 <span class=\"_ _9e\"> </span> - <span class=\"_ _193\"> </span> 9.430 <span class=\"_ _9e\"> </span> - <span class=\"_ _197\"> </span><span class=\"fc0\"> 130<span class=\"_ _348\"> </span></span>Debiti correnti per acquisto quote societarie<span class=\"_ _55\"> </span> 434 <span class=\"_ _9e\"> </span> - <span class=\"_ _9e\"> </span> - <span class=\"_ _18\"> </span> 54 <span class=\"_ _13d\"> </span><span class=\"fc0\"> 488<span class=\"_ _348\"> </span></span>Totale variazioni correnti<span class=\"_ _49\"> </span><span class=\"fc4\"> 52.308 <span class=\"_ _9e\"> </span> - <span class=\"_ _196\"> </span> 42.801 <span class=\"_ _196\"> </span> 68.250 <span class=\"_ _25c\"> </span></span> 77.757<span class=\"_ _348\"> </span>Totale passivit\u00e0 derivanti da attivit\u00e0 di finanziamento<span class=\"_ _182\"> </span><span class=\"fc4\"> 521.105 <span class=\"_ _9e\"> </span> - <span class=\"_ _196\"> </span> 52.787 <span class=\"_ _196\"> </span> 18.846 <span class=\"_ _1fb\"> </span></span> 487.164<span class=\"_ _348\"> </span>3<span class=\"_ _1\"></span>4) G<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>ei r<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>i fin<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i e d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>I princi<span class=\"_ _0\"></span>pali s<span class=\"_ _0\"></span>trumenti<span class=\"_ _0\"></span> finanziari<span class=\"_ _0\"></span> del Gruppo<span class=\"_ _0\"></span> comprendono<span class=\"_ _0\"></span> finanz<span class=\"_ _0\"></span>iamenti b<span class=\"_ _0\"></span>ancari, d<span class=\"_ _0\"></span>epositi b<span class=\"_ _0\"></span>ancari a vi<span class=\"_ _0\"></span>sta a br<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span> termine e debiti<span class=\"_ _0\"></span> finanziari corre<span class=\"_ _1\"></span>nti nei confronti<span class=\"_ _0\"></span> della Controllante<span class=\"_ _0\"></span> Fondazione Fiera Milano.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a un f<span class=\"_ _1\"></span>avorevole c<span class=\"_ _1\"></span>icl<span class=\"_ _1\"></span>o di tes<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ia gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zie a<span class=\"_ _1\"></span>l pro<span class=\"_ _1\"></span>filo fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>rio c<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za l<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>societ\u00e0 che organizza<span class=\"_ _1\"></span>no manifestazioni fieristiche ed eventi congressuali. Infatti, g<span class=\"_ _0\"></span>li operatori che organizzano<span class=\"_ _348\"> </span>fier<span class=\"_ _1\"></span>e e co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si r<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o ai p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nti un a<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>o a con<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ma d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>ed il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te inc<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>to pri<span class=\"_ _1\"></span>ma ch<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>nto ab<span class=\"_ _1\"></span>bia i<span class=\"_ _1\"></span>nizio o a c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>ello s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so. I fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di be<span class=\"_ _1\"></span>ni e se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no, invec<span class=\"_ _1\"></span>e, pag<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>o i ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento c<span class=\"_ _1\"></span>omu<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te in us<span class=\"_ _1\"></span>o. Per gli o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>si ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>, qui<span class=\"_ _1\"></span>ndi, un c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>nte ne<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>tivo ch<span class=\"_ _1\"></span>e po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>d un <span class=\"ff12 ls2b ws5e\">surplus<span class=\"_ _0\"></span><span class=\"ff6 ls3a wsca\"> di t<span class=\"_ _6\"></span>esoreria.<span class=\"_ _348\"> </span></span></span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA<span class=\"_ _1\"></span>, l<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po c<span class=\"_ _1\"></span>he af<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta a su<span class=\"_ _1\"></span>a volt<span class=\"_ _1\"></span>a gli s<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>gli O<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i, svolg<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r gli ste<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si il<span class=\"_ _348\"> </span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vizi<span class=\"_ _1\"></span>o di a<span class=\"_ _1\"></span>mmin<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e d<span class=\"_ _1\"></span>i teso<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>, in<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do p<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>onto tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to qua<span class=\"_ _1\"></span>nto gli e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>pagano all\u2019<span class=\"_ _0\"></span>Organizz<span class=\"_ _1\"></span>atore. Dopo l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>incas<span class=\"_ _1\"></span>so, F<span class=\"_ _0\"></span>iera Milano SpA, in base alle condizioni contrattualmente definit<span class=\"_ _0\"></span>e,<span class=\"_ _348\"> </span>retr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e all\u2019Or<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>tore q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to di sua c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pete<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo pe<span class=\"_ _1\"></span>r gli s<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zi af<span class=\"_ _7\"></span>fit<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span> fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o e pe<span class=\"_ _1\"></span>r se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi for<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>i. Que<span class=\"_ _1\"></span>sto s<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>ma c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>te anc<span class=\"_ _1\"></span>he a Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA di in<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e in ant<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>po i p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i, in lin<span class=\"_ _1\"></span>ea c<span class=\"_ _1\"></span>on qu<span class=\"_ _1\"></span>anto av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r gli O<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i. Qu<span class=\"_ _1\"></span>ind<span class=\"_ _1\"></span>i, nell\u2019ambito d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano, le s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>che g<span class=\"_ _1\"></span>odo<span class=\"_ _1\"></span>no di t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e favorevol<span class=\"_ _1\"></span>e cic<span class=\"_ _1\"></span>lo di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>ia s<span class=\"_ _1\"></span>ono l<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ici d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e la Ca<span class=\"_ _1\"></span>pog<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Si de<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vono di s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uito le p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>i tipo<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ie di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o a cui il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o \u00e8 es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>34.<span class=\"_ _6\"></span>1 Ris<span class=\"_ _0\"></span>chi di<span class=\"_ _0\"></span> credito<span class=\"_ _348\"> </span>Il ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io di c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dito ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po a p<span class=\"_ _1\"></span>oten<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te der<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>ti da<span class=\"_ _1\"></span>ll\u2019inade<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>obbligazioni assunte dalla controparte. Il rischio di<span class=\"_ _0\"></span> credito \u00e8 adeguatamente monitorat<span class=\"_ _0\"></span>o anche in relazione al<span class=\"_ _348\"> </span>cic<span class=\"_ _1\"></span>lo di te<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ia c<span class=\"_ _1\"></span>he ca<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>za le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po. Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no, pe<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>tro, os<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>ta e<span class=\"_ _1\"></span>d org<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span>lea<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>r nei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>i, pe<span class=\"_ _1\"></span>r le qua<span class=\"_ _1\"></span>li il g<span class=\"_ _1\"></span>rad<span class=\"_ _1\"></span>o di fid<span class=\"_ _1\"></span>eliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i \u00e8 mo<span class=\"_ _1\"></span>lto el<span class=\"_ _1\"></span>evato. Per la Ca<span class=\"_ _1\"></span>pog<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA<span class=\"_ _1\"></span>, il s<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tema v<span class=\"_ _1\"></span>ige<span class=\"_ _1\"></span>nte fa s\u00ec c<span class=\"_ _1\"></span>he tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti gli in<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ovenie<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>agli e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i conve<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>no n<span class=\"_ _1\"></span>elle c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA e ch<span class=\"_ _1\"></span>e que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t\u2019ultim<span class=\"_ _1\"></span>a retr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>a ai p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri cl<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>nti-<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>nto a lo<span class=\"_ _1\"></span>ro sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>Con r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>do a<span class=\"_ _1\"></span>lle so<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 M<span class=\"_ _1\"></span>AD<span class=\"_ _1\"></span>E event<span class=\"_ _1\"></span>i Sr<span class=\"_ _1\"></span>l e Ipac<span class=\"_ _1\"></span>k Ima S<span class=\"_ _1\"></span>rl, va s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>ato che u<span class=\"_ _1\"></span>na pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te d<span class=\"_ _1\"></span>ei se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi re<span class=\"_ _1\"></span>si ad e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni vi<span class=\"_ _1\"></span>ene f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a ed i<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla si<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>la s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o se<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>e da Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>SpA<span class=\"_ _1\"></span>. In o<span class=\"_ _1\"></span>gni c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>so, ta<span class=\"_ _1\"></span>li so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 svol<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o le co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>uete ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>che d<span class=\"_ _1\"></span>i sol<span class=\"_ _1\"></span>vib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>i pote<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>li cli<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti ed il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te moni<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>ato dal<span class=\"_ _1\"></span>le fu<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rep<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te per l\u2019avvi<span class=\"_ _1\"></span>o di og<span class=\"_ _1\"></span>ni opp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tun<span class=\"_ _1\"></span>a a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ai r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi di c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tate in<span class=\"_ _1\"></span>div<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>ate tre d<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e: org<span class=\"_ _1\"></span>aniz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i, e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sito<span class=\"_ _1\"></span>ri e a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>La p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ma cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o \u00e8 id<span class=\"_ _1\"></span>enti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ata n<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li <span class=\"ff1 ls8 wsb9\">organizzatori </span>d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i; i cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tene<span class=\"_ _1\"></span>nti a q<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>sta<span class=\"_ _348\"> </span>cla<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>ati c<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>e i me<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hio<span class=\"_ _1\"></span>si in qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to la Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e la tes<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ia<span class=\"_ _348\"> </span>di qua<span class=\"_ _1\"></span>si tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>he si svol<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o nei d<span class=\"_ _1\"></span>ue Q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>La s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>da cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o \u00e8 ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ata n<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li <span class=\"ff1 ls8 wsb9\">espositori </span>d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i; i cre<span class=\"_ _1\"></span>diti d<span class=\"_ _1\"></span>i que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>ono<span class=\"_ _348\"> </span>sta<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>me live<span class=\"_ _1\"></span>llo di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o me<span class=\"_ _1\"></span>dio in q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>nto gli e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>evono e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>are i<span class=\"_ _1\"></span>l pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a del<span class=\"_ _348\"> </span>termine della manifestazione.<span class=\"_ _348\"> </span>La te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>za c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hio \u00e8 id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>gli <span class=\"ff1 ls2b ws5e\">altri</span><span class=\"ws3\"> <span class=\"ff1 ls29 wse8\">crediti<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws9f\">, che s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 acc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span></span></span>alle m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i (alle<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti, co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si, p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>mozio<span class=\"_ _1\"></span>ni, se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>et) e ad a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n di mo<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a (spo<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>,<span class=\"_ _348\"> </span>pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>\u00e0 e alt<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>). Per que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i gli in<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i av<span class=\"_ _1\"></span>veng<span class=\"_ _1\"></span>ono a n<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>le sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Com<span class=\"_ _1\"></span>e ulte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ore s<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chio d<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>to \u00e8 previ<span class=\"_ _1\"></span>sto il r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so a s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e gar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zie.<span class=\"_ _348\"> </span>Le cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o di cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>to, al 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21 ed al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2, con l\u2019<span class=\"_ _6\"></span>ev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lla re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>iva<span class=\"_ _348\"> </span>composizione dello scaduto sono<span class=\"_ _0\"></span> di seguito riport<span class=\"_ _1\"></span>ate<span class=\"_ _0\"></span>:<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al<span class=\"_ _348\"> </span>31/12/21<span class=\"_ _348\"> </span>A scadere<span class=\"_ _348\"> </span>analisi dello scaduto<span class=\"_ _348\"> </span>Fondo<span class=\"_ _348\"> </span>Classi<span class=\"_ _11c\"> </span>Crediti<span class=\"_ _1fe\"> </span>Scaduto<span class=\"_ _18a\"> </span>0-90gg<span class=\"_ _14b\"> </span>91-180gg<span class=\"_ _30\"> </span>181-270gg<span class=\"_ _1f8\"> </span>Oltre<span class=\"_ _348\"> </span>Organizzatori<span class=\"_ _204\"> </span> 4.817 <span class=\"_ _257\"> </span>3.437<span class=\"_ _255\"> </span>2.892<span class=\"_ _255\"> </span>1.476<span class=\"_ _168\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _257\"> </span> 1.416 <span class=\"_ _155\"> </span>1.512<span class=\"_ _348\"> </span>Espositori<span class=\"_ _25d\"> </span> 6.183 <span class=\"_ _257\"> </span>4.223<span class=\"_ _255\"> </span>2.555<span class=\"_ _255\"> </span>1.234<span class=\"_ _29\"> </span>80<span class=\"_ _a5\"> </span>311<span class=\"_ _a5\"> </span>930<span class=\"_ _ce\"> </span>595<span class=\"_ _348\"> </span>Altri<span class=\"_ _165\"> </span> 10.136 <span class=\"_ _23c\"> </span>7.431<span class=\"_ _132\"> </span>3.635<span class=\"_ _255\"> </span>2.487<span class=\"_ _168\"> </span> -<span class=\"_ _168\"> </span> -<span class=\"_ _255\"> </span>1.148<span class=\"_ _ce\"> </span>930<span class=\"_ _348\"> </span>Totale<span class=\"_ _d6\"> </span>21.136 <span class=\"_ _d\"> </span>15.091 <span class=\"_ _257\"> </span>9.082 <span class=\"_ _23c\"> </span>5.197 <span class=\"_ _130\"> </span>80 <span class=\"_ _155\"> </span>311 <span class=\"_ _257\"> </span>3.494 <span class=\"_ _155\"> </span>3.037<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al<span class=\"_ _348\"> </span>31/12/22<span class=\"_ _348\"> </span>A scadere<span class=\"_ _348\"> </span>analisi dello scaduto<span class=\"_ _348\"> </span>Fondo<span class=\"_ _348\"> </span>Classi<span class=\"_ _11c\"> </span>Crediti<span class=\"_ _1fe\"> </span><span class=\"fc4\">Scaduto<span class=\"_ _18a\"> </span>0-90gg<span class=\"_ _14b\"> </span>91-180gg<span class=\"_ _30\"> </span>181-270gg<span class=\"_ _1f8\"> </span>Oltre<span class=\"_ _348\"> </span></span>Organizzatori<span class=\"_ _204\"> </span><span class=\"fc0\"> 5.156 <span class=\"_ _257\"> </span></span>1.582<span class=\"_ _255\"> </span>3.574<span class=\"_ _255\"> </span>3.327<span class=\"_ _168\"> </span> -<span class=\"_ _ce\"> </span> 7 <span class=\"_ _195\"> </span> 240 <span class=\"_ _2c\"> </span>-<span class=\"_ _348\"> </span>Espositori<span class=\"_ _25d\"> </span><span class=\"fc0\"> 5.610 <span class=\"_ _257\"> </span></span>3.143<span class=\"_ _255\"> </span>2.836<span class=\"_ _255\"> </span>1.937<span class=\"_ _134\"> </span>232<span class=\"_ _29\"> </span>61<span class=\"_ _201\"> </span>606<span class=\"_ _ce\"> </span>369<span class=\"_ _348\"> </span>Altri<span class=\"_ _165\"> </span><span class=\"fc0\"> 13.272 <span class=\"_ _23c\"> </span></span>9.165<span class=\"_ _132\"> </span>5.011<span class=\"_ _255\"> </span>4.257<span class=\"_ _130\"> </span> 71 <span class=\"_ _a5\"> </span> 21 <span class=\"_ _12f\"> </span>662<span class=\"_ _9f\"> </span>904<span class=\"_ _348\"> </span>Totale<span class=\"_ _d6\"> </span>24.038 <span class=\"_ _d\"> </span><span class=\"fc4\">13.890 <span class=\"_ _274\"> </span>11.421 <span class=\"_ _257\"> </span>9.521 <span class=\"_ _155\"> </span>303 <span class=\"_ _130\"> </span>89 <span class=\"_ _23c\"> </span>1.508 <span class=\"_ _12f\"> </span>1.273<span class=\"_ _348\"> </span></span>Il f<span class=\"_ _0\"></span>ondo s<span class=\"_ _0\"></span>valutazione<span class=\"_ _0\"></span> crediti \u00e8<span class=\"_ _0\"></span> calcolat<span class=\"_ _0\"></span>o in base<span class=\"_ _0\"></span> ai crit<span class=\"_ _0\"></span>eri di pr<span class=\"_ _0\"></span>esunta recuperabil<span class=\"_ _0\"></span>it\u00e0, sia a<span class=\"_ _0\"></span>ttraverso v<span class=\"_ _0\"></span>alutazioni<span class=\"_ _348\"> </span>inter<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>on il s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>i leg<span class=\"_ _1\"></span>ali e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>La m<span class=\"_ _1\"></span>ovim<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021 e al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022, con l<span class=\"_ _1\"></span>a su<span class=\"_ _1\"></span>ddiv<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>per classi di appar<span class=\"_ _1\"></span>tenenza \u00e8 dettagliata nelle tabelle che seguono:<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al 31/12/20<span class=\"_ _348\"> </span>Fondo svalutazione<span class=\"_ _190\"> </span>Accantonamenti<span class=\"_ _67\"> </span>Utilizzi<span class=\"_ _25c\"> </span>Altri movimenti<span class=\"_ _348\"> </span>Bilancio al 31/12/21<span class=\"_ _348\"> </span>Organizzatori<span class=\"_ _205\"> </span> 3.506 <span class=\"_ _83\"> </span> -<span class=\"_ _2e\"> </span> 1.994 <span class=\"_ _256\"> </span> -<span class=\"_ _166\"> </span> 1.512<span class=\"_ _348\"> </span>Espositori<span class=\"_ _2af\"> </span> 767 <span class=\"_ _83\"> </span> -<span class=\"_ _1fe\"> </span> 172 <span class=\"_ _256\"> </span> -<span class=\"_ _91\"> </span> 595<span class=\"_ _348\"> </span>Altri<span class=\"_ _c1\"> </span> 1.412 <span class=\"_ _7c\"> </span> 2 <span class=\"_ _228\"> </span> 483 <span class=\"_ _204\"> </span>-1 <span class=\"_ _225\"> </span> 930<span class=\"_ _348\"> </span>Totale<span class=\"_ _268\"> </span> 5.685 <span class=\"_ _7c\"> </span> 2 <span class=\"_ _3d\"> </span> 2.649 <span class=\"_ _204\"> </span>-1 <span class=\"_ _d5\"> </span> 3.037<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al 31/12/21<span class=\"_ _348\"> </span>Fondo svalutazione<span class=\"_ _190\"> </span>Accantonamenti<span class=\"_ _67\"> </span>Utilizzi<span class=\"_ _25c\"> </span>Altri movimenti<span class=\"_ _348\"> </span>Bilancio al 31/12/22<span class=\"_ _348\"> </span>Organizzatori<span class=\"_ _205\"> </span> 1.512 <span class=\"_ _83\"> </span> -<span class=\"_ _2e\"> </span> 1.512 <span class=\"_ _256\"> </span> -<span class=\"_ _175\"> </span><span class=\"fc0\"> -<span class=\"_ _348\"> </span></span>Espositori<span class=\"_ _2af\"> </span> 595 <span class=\"_ _26\"> </span> 69 <span class=\"_ _228\"> </span> 295 <span class=\"_ _83\"> </span> -<span class=\"_ _91\"> </span><span class=\"fc0\"> 369<span class=\"_ _348\"> </span></span>Altri<span class=\"_ _2b0\"> </span> 930 <span class=\"_ _83\"> </span> -<span class=\"_ _27b\"> </span> 26 <span class=\"_ _83\"> </span> -<span class=\"_ _1f7\"> </span><span class=\"fc0\"> 904<span class=\"_ _348\"> </span></span>Totale<span class=\"_ _268\"> </span><span class=\"fc4\"> 3.037 <span class=\"_ _27\"> </span> 69 <span class=\"_ _3d\"> </span> 1.833 <span class=\"_ _83\"> </span> -<span class=\"_ _28\"> </span></span> 1.273<span class=\"_ _348\"> </span>34.<span class=\"_ _1\"></span>2 Ris<span class=\"_ _0\"></span>chio di<span class=\"_ _0\"></span> liquidit\u00e0<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>a mis<span class=\"_ _1\"></span>ure vol<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>icu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>re ch<span class=\"_ _1\"></span>e sia<span class=\"_ _1\"></span>no m<span class=\"_ _1\"></span>ante<span class=\"_ _1\"></span>nuti l<span class=\"_ _1\"></span>ivell<span class=\"_ _1\"></span>i ade<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>ti di c<span class=\"_ _1\"></span>api<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>le ci<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>nte e liq<span class=\"_ _1\"></span>uidi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>che, eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>i volum<span class=\"_ _1\"></span>i di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0, d<span class=\"_ _1\"></span>ovute a<span class=\"_ _1\"></span>lla st<span class=\"_ _1\"></span>agi<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a il se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tore, p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>no avere<span class=\"_ _348\"> </span>un impatto sui<span class=\"_ _0\"></span> risultati economici e sul<span class=\"_ _0\"></span>la capacit\u00e0 di generare flussi di<span class=\"_ _0\"></span> liquidit\u00e0.<span class=\"_ _348\"> </span>Alla data del 3<span class=\"_ _6\"></span>1 dicembre 2022 l\u2019<span class=\"_ _6\"></span>indebit<span class=\"_ _1\"></span>amento finanziario netto,<span class=\"_ _0\"></span> non comprensivo della <span class=\"ff12 ls39 wsbc\">lease liability </span><span class=\"ls3 ws3e\">IFRS 1<span class=\"_ _0\"></span>6,<span class=\"ff1 ws3\"> <span class=\"ff6\">\u00e8<span class=\"_ _348\"> </span></span></span></span>par<span class=\"_ _1\"></span>i a -29.<span class=\"_ _0\"></span>783 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, c<span class=\"_ _1\"></span>on un<span class=\"_ _1\"></span>a var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di 1<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>.559 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al da<span class=\"_ _1\"></span>to del 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019obiet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo di <span class=\"ff12 ls8 wsa5\">risk man<span class=\"_ _0\"></span>agement<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws2c\"> de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o \u00e8 que<span class=\"_ _1\"></span>llo d<span class=\"_ _1\"></span>i ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>tire, a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>he in p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ind<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io,<span class=\"_ _348\"> </span></span></span>un ad<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uato live<span class=\"_ _1\"></span>llo di l<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>idit<span class=\"_ _1\"></span>\u00e0, m<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>miz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo cos<span class=\"_ _1\"></span>to opp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tuni<span class=\"_ _1\"></span>t\u00e0 e ma<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>do u<span class=\"_ _1\"></span>n equ<span class=\"_ _1\"></span>ilib<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o in ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di dur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a e di co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>osiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ito.<span class=\"_ _348\"> </span>Nel m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e di feb<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>o 2021 sono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>ue fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a 5 ann<span class=\"_ _1\"></span>i, con 24 mes<span class=\"_ _1\"></span>i di pr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span>com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>i 75 milioni d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro, ent<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mbi a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>titi p<span class=\"_ _1\"></span>er il 9<span class=\"_ _1\"></span>0% del<span class=\"_ _1\"></span>l\u2019impor<span class=\"_ _7\"></span>to ero<span class=\"_ _1\"></span>gato d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a gar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia r<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a da SACE<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span>nell\u2019ambito d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mma \u201cG<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a\u201d ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>. 1 del d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>reto l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n. 23/20<span class=\"_ _1\"></span>20, conve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tito, c<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span>mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni da<span class=\"_ _1\"></span>lla l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n.40/20<span class=\"_ _1\"></span>20 (c.d. \u201cDec<span class=\"_ _1\"></span>reto L<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>idit<span class=\"_ _1\"></span>\u00e0\u201d). In pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re, \u00e8 st<span class=\"_ _1\"></span>ato sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to u<span class=\"_ _1\"></span>n fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>con u<span class=\"_ _1\"></span>n <span class=\"ff12 ls39 ws92\">pool</span> di pri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ri is<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>uti di c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dito (I<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>a Sa<span class=\"_ _1\"></span>npa<span class=\"_ _1\"></span>olo, Ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>o BPM e Uni<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>dit) p<span class=\"_ _1\"></span>er 5<span class=\"_ _1\"></span>5 mili<span class=\"_ _1\"></span>oni di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o e un<span class=\"_ _348\"> </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>n Cas<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a De<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>iti e Pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>titi p<span class=\"_ _1\"></span>er 20 m<span class=\"_ _1\"></span>ilio<span class=\"_ _1\"></span>ni di e<span class=\"_ _1\"></span>uro, so<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti al<span class=\"_ _1\"></span>la mi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne su b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span>di <span class=\"ff12 ls8 wsb9\">cov<span class=\"_ _0\"></span>enant<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws3\"> fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 3<span class=\"_ _1\"></span>0 giu<span class=\"_ _1\"></span>gno 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span></span>La C<span class=\"_ _1\"></span>apo<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po ha s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n SIMEST il 28 ap<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>le 2021<span class=\"_ _6\"></span>, un fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto da 7 mi<span class=\"_ _1\"></span>lion<span class=\"_ _1\"></span>i di eu<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>nell\u2019ambito d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a sezi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el Fo<span class=\"_ _1\"></span>ndo 3<span class=\"_ _1\"></span>94/8, a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>ell\u2019ar<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>olo 91<span class=\"_ _0\"></span>, com<span class=\"_ _1\"></span>mi 1 e 2, del d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>reto<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gge 1<span class=\"_ _0\"></span>4 ago<span class=\"_ _1\"></span>sto 2020, n. 104, conver<span class=\"_ _7\"></span>tito, co<span class=\"_ _1\"></span>n mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni, da<span class=\"_ _1\"></span>lla l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge 13 ottobr<span class=\"_ _1\"></span>e 2020, n. 1<span class=\"_ _0\"></span>26, e del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo 6,<span class=\"_ _348\"> </span>com<span class=\"_ _1\"></span>ma 3, n. 1<span class=\"_ _0\"></span>, de<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>gge 28 ot<span class=\"_ _1\"></span>tob<span class=\"_ _1\"></span>re 2020, n. 13<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>. Il fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ha s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2027<span class=\"_ _6\"></span>, con<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di pr<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento il 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>23.<span class=\"_ _348\"> </span>Nel m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e di ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>o 2021 \u00e8 sta<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>n Ban<span class=\"_ _1\"></span>ca Ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ge un fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ri a 5 mi<span class=\"_ _1\"></span>lion<span class=\"_ _1\"></span>i di eu<span class=\"_ _1\"></span>ro, a 5 an<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>con 12 mesi di p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, gar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tito al 9<span class=\"_ _1\"></span>0% da SACE ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>am<span class=\"_ _1\"></span>bito de<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ram<span class=\"_ _1\"></span>ma \u201cG<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>ia It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a\u201d sop<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>citato<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 29 ap<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>le \u00e8 st<span class=\"_ _1\"></span>ato ri<span class=\"_ _1\"></span>mbo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sato il fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>n Ban<span class=\"_ _1\"></span>ca B<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r pa<span class=\"_ _1\"></span>ri a 10 milioni di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to nel<span class=\"_ _348\"> </span>cor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o del 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>MA<span class=\"_ _1\"></span>DE even<span class=\"_ _1\"></span>ti Sr<span class=\"_ _1\"></span>l in da<span class=\"_ _1\"></span>ta 27 set<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021 ha sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to un fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>n Ban<span class=\"_ _1\"></span>ca M<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i Pas<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i Sie<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>i a 2 mil<span class=\"_ _1\"></span>ioni d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro, con s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza 3<span class=\"_ _1\"></span>0 se<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2024 e 1<span class=\"_ _6\"></span>2 me<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>tito a<span class=\"_ _1\"></span>ll\u201980% da<span class=\"_ _348\"> </span>SAC<span class=\"_ _0\"></span>E nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ambito del<span class=\"_ _0\"></span> programma \u201c<span class=\"_ _0\"></span>Garanzia I<span class=\"_ _0\"></span>talia\u201d<span class=\"_ _0\"></span> sopra citat<span class=\"_ _6\"></span>o.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ne di d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i e liqu<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>t\u00e0 su<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r un am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>4,4 milio<span class=\"_ _1\"></span>ni di eu<span class=\"_ _1\"></span>ro,<span class=\"_ _348\"> </span>a fro<span class=\"_ _1\"></span>nte di de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>ti ban<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i 88,<span class=\"_ _6\"></span>1 mil<span class=\"_ _1\"></span>ioni d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro, con p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni di r<span class=\"_ _1\"></span>imb<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>he ar<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l 2027<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>ia di af<span class=\"_ _7\"></span>fida<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>i di br<span class=\"_ _1\"></span>eve term<span class=\"_ _1\"></span>ine p<span class=\"_ _1\"></span>er u<span class=\"_ _1\"></span>n amm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ri a 53<span class=\"_ _1\"></span>,5 mili<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o. Infine, l<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>proiezioni finanziarie 202<span class=\"_ _0\"></span>3-2026<span class=\"_ _0\"></span> evidenziano che le attivit\u00e0 ordinarie genereranno ulteriori flussi di cassa positivi,<span class=\"_ _348\"> </span>des<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>ati a r<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>fo<span class=\"_ _1\"></span>rz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>re ulte<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte la po<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>la So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 e a g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>ire il r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>i cove<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>t<span class=\"_ _348\"> </span> concordat<span class=\"_ _0\"></span>i con i<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>atori<span class=\"_ _0\"></span>, mant<span class=\"_ _0\"></span>enendo costan<span class=\"_ _0\"></span>tement<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span> corretto equ<span class=\"_ _0\"></span>ilibrio<span class=\"_ _0\"></span> finanzi<span class=\"_ _0\"></span>ario.<span class=\"_ _348\"> </span>Nelle tabelle che seguono vengono esposte le<span class=\"_ _0\"></span> analisi per scadenze delle passivit\u00e0 finanziarie e la sti<span class=\"_ _0\"></span>ma dei relativi<span class=\"_ _348\"> </span> inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i matu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021 e al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022.<span class=\"_ _348\"> </span>Passivit\u00e0 finanziarie<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al<span class=\"_ _348\"> </span> 31/12/21<span class=\"_ _95\"> </span>3 mesi<span class=\"_ _14d\"> </span>6 mesi<span class=\"_ _138\"> </span>12 mesi<span class=\"_ _138\"> </span>18 mesi<span class=\"_ _52\"> </span>24 mesi<span class=\"_ _180\"> </span>3 anni<span class=\"_ _17f\"> </span>5 anni<span class=\"_ _50\"> </span>&gt;5 anni<span class=\"_ _348\"> </span>Debiti verso banche - correnti e<span class=\"_ _348\"> </span> non correnti *<span class=\"_ _162\"> </span>99.096<span class=\"_ _197\"> </span> <span class=\"_ _18d\"> </span>312<span class=\"_ _25c\"> </span> 875 <span class=\"_ _89\"> </span> 13.649 <span class=\"_ _52\"> </span> 14.899 <span class=\"_ _52\"> </span> 33.774 <span class=\"_ _89\"> </span> 33.838 <span class=\"_ _14d\"> </span> 1.750<span class=\"_ _348\"> </span> Interessi passivi correnti e non<span class=\"_ _348\"> </span> correnti<span class=\"_ _ae\"> </span> <span class=\"_ _193\"> </span>180<span class=\"_ _2b1\"> </span>209<span class=\"_ _25c\"> </span> 399 <span class=\"_ _18e\"> </span> 376 <span class=\"_ _e\"> </span> 326 <span class=\"_ _18e\"> </span> 453 <span class=\"_ _18e\"> </span> 197 <span class=\"_ _26b\"> </span> 7<span class=\"_ _348\"> </span> Altre passivit\u00e0 finanziarie correnti e<span class=\"_ _348\"> </span> non correnti<span class=\"_ _2b2\"> </span>9.994<span class=\"_ _17e\"> </span> 9.560 <span class=\"_ _1f6\"> </span> <span class=\"_ _194\"> </span> 434 <span class=\"_ _2f\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> Interessi passivi correnti<span class=\"_ _2b3\"> </span> <span class=\"_ _26b\"> </span> 18 <span class=\"_ _2f\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> Debiti finanziari relativi al diritto<span class=\"_ _348\"> </span> d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _348\"> </span> correnti e non correnti<span class=\"_ _91\"> </span>411.944<span class=\"_ _14d\"> </span>14.299<span class=\"_ _1fb\"> </span>8.978<span class=\"_ _14d\"> </span>18.101<span class=\"_ _14d\"> </span>18.334<span class=\"_ _14f\"> </span>18.582<span class=\"_ _14d\"> </span>37.176<span class=\"_ _14f\"> </span>76.340<span class=\"_ _172\"> </span> 220.134<span class=\"_ _348\"> </span> Interessi passivi correnti e non<span class=\"_ _348\"> </span> correnti<span class=\"_ _ae\"> </span> <span class=\"_ _e\"> </span>2.683<span class=\"_ _1fb\"> </span>2.620<span class=\"_ _1fb\"> </span>5.061<span class=\"_ _1fb\"> </span>4.813<span class=\"_ _1fb\"> </span>4.563<span class=\"_ _1fb\"> </span>8.368<span class=\"_ _14d\"> </span>13.683<span class=\"_ _2aa\"> </span> 15.602<span class=\"_ _348\"> </span> Debiti fornitori<span class=\"_ _2b4\"> </span>50.569<span class=\"_ _14d\"> </span>50.569<span class=\"_ _a\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> Totale<span class=\"_ _2b5\"> </span>571.603<span class=\"_ _14d\"> </span>77.309<span class=\"_ _14f\"> </span>12.119<span class=\"_ _14d\"> </span>24.870<span class=\"_ _2aa\"> </span> 37.172 <span class=\"_ _52\"> </span> 38.370 <span class=\"_ _52\"> </span> 79.771 <span class=\"_ _135\"> </span> 124.058 <span class=\"_ _135\"> </span> 237.493<span class=\"_ _348\"> </span> * escluso derivato di copertura<span class=\"_ _348\"> </span>Passivit\u00e0 finanziarie<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Bilancio al<span class=\"_ _348\"> </span> 31/12/22<span class=\"_ _95\"> </span><span class=\"fc4\">3 mesi<span class=\"_ _14d\"> </span>6 mesi<span class=\"_ _138\"> </span>12 mesi<span class=\"_ _138\"> </span>18 mesi<span class=\"_ _52\"> </span>24 mesi<span class=\"_ _180\"> </span>3 anni<span class=\"_ _17f\"> </span>5 anni<span class=\"_ _50\"> </span>&gt;5 anni<span class=\"_ _348\"> </span></span>Debiti verso banche - correnti e<span class=\"_ _348\"> </span> non correnti<span class=\"_ _2af\"> </span><span class=\"fc0\">88.116<span class=\"_ _1fb\"> </span></span>6.862<span class=\"_ _1fb\"> </span>6.862<span class=\"_ _51\"> </span> 13.675 <span class=\"_ _52\"> </span> 14.550 <span class=\"_ _89\"> </span> 14.300 <span class=\"_ _52\"> </span> 31.867 <span class=\"_ _2f\"> </span> <span class=\"_ _17\"> </span> Interessi passivi correnti e non<span class=\"_ _348\"> </span> correnti <span class=\"_ _90\"> </span><span class=\"fc0\"> <span class=\"_ _18d\"> </span></span>565<span class=\"_ _194\"> </span>537<span class=\"_ _25c\"> </span> 922 <span class=\"_ _18e\"> </span> 725 <span class=\"_ _e\"> </span> 540 <span class=\"_ _18e\"> </span> 529 <span class=\"_ _1f6\"> </span> <span class=\"_ _254\"> </span> Altre passivit\u00e0 finanziarie correnti<span class=\"_ _348\"> </span> non correnti<span class=\"_ _2b2\"> </span><span class=\"fc0\">2.301<span class=\"_ _194\"> </span></span>130<span class=\"_ _197\"> </span> <span class=\"_ _18d\"> </span>488<span class=\"_ _a\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _18e\"> </span>1.683<span class=\"_ _197\"> </span> Interessi passivi correnti<span class=\"_ _2b3\"> </span><span class=\"fc0\"> <span class=\"_ _17\"> </span></span>1<span class=\"_ _a\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _194\"> </span> 317 <span class=\"_ _2f\"> </span> Debiti finanziari relativi al diritto<span class=\"_ _348\"> </span> d\u2019uso delle attivit\u00e0 in locazione<span class=\"_ _348\"> </span> correnti e non correnti<span class=\"_ _91\"> </span><span class=\"fc0\">396.747<span class=\"_ _1fb\"> </span></span>9.350<span class=\"_ _1fb\"> </span>9.745<span class=\"_ _14d\"> </span>19.890<span class=\"_ _14d\"> </span>20.061<span class=\"_ _14d\"> </span>19.793<span class=\"_ _14f\"> </span>40.410<span class=\"_ _14d\"> </span>84.085<span class=\"_ _139\"> </span> 193.413<span class=\"_ _348\"> </span> Interessi passivi correnti e non<span class=\"_ _348\"> </span> correnti<span class=\"_ _ae\"> </span><span class=\"fc0\"> <span class=\"_ _e\"> </span></span>2.719<span class=\"_ _1fb\"> </span>2.651<span class=\"_ _1fb\"> </span>5.090<span class=\"_ _1fb\"> </span>4.809<span class=\"_ _1fb\"> </span>4.530<span class=\"_ _1fb\"> </span>8.213<span class=\"_ _14d\"> </span>12.936<span class=\"_ _2aa\"> </span> 11.552<span class=\"_ _348\"> </span> Debiti fornitori<span class=\"_ _2b4\"> </span><span class=\"fc0\">50.317<span class=\"_ _14d\"> </span></span>50.317<span class=\"_ _a\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> Totale<span class=\"_ _2b5\"> </span>537.481<span class=\"_ _14d\"> </span><span class=\"fc4\">69.944<span class=\"_ _14f\"> </span>19.795<span class=\"_ _14d\"> </span>40.065<span class=\"_ _2aa\"> </span> 40.145 <span class=\"_ _52\"> </span> 39.163 <span class=\"_ _52\"> </span> 81.019 <span class=\"_ _89\"> </span> 99.021 <span class=\"_ _135\"> </span> 204.965<span class=\"_ _348\"> </span></span>34.3 Rischi<span class=\"_ _0\"></span> di mercat<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o si r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>va d<span class=\"_ _1\"></span>i utili<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re ad<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uati s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti di c<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tur<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>ra i ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato di<span class=\"_ _1\"></span>venis<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ro r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>nti.<span class=\"_ _348\"> </span>a) Ri<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o di t<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o d<span class=\"_ _1\"></span>i in<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so a li<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>e di cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>to a con<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>oni c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>peti<span class=\"_ _1\"></span>tive e qu<span class=\"_ _1\"></span>indi \u00e8 i<span class=\"_ _1\"></span>n gr<span class=\"_ _1\"></span>ado di b<span class=\"_ _1\"></span>en f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>gia<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> eventu<span class=\"_ _1\"></span>ali fl<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni d<span class=\"_ _1\"></span>ei t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si. Pe<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>tro, il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo svo<span class=\"_ _1\"></span>lge u<span class=\"_ _1\"></span>n con<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>o mo<span class=\"_ _1\"></span>nitor<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>gio d<span class=\"_ _1\"></span>elle c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>oni di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato<span class=\"_ _348\"> </span> allo s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>po di i<span class=\"_ _1\"></span>nter<span class=\"_ _7\"></span>veni<span class=\"_ _1\"></span>re pr<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente in p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di s<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>rio.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da la c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>biti n<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>l sis<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>a ban<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, si fa ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto a qu<span class=\"_ _1\"></span>anto<span class=\"_ _348\"> </span> es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span>le note 18 e 2<span class=\"_ _0\"></span>5.<span class=\"_ _348\"> </span>Di se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito vi<span class=\"_ _1\"></span>ene e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta un\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>alis<span class=\"_ _1\"></span>i di se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 al r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i inte<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>, che evi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nzia g<span class=\"_ _1\"></span>li on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i ed i p<span class=\"_ _1\"></span>rovent<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>i sa<span class=\"_ _1\"></span>reb<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>ro avu<span class=\"_ _1\"></span>ti su<span class=\"_ _1\"></span>l patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>onio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to e su<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o 2021 e 2022 pe<span class=\"_ _1\"></span>r ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>to di var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span> del t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i inte<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>se c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do un <span class=\"ff12\">r<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>e </span>di os<span class=\"_ _1\"></span>cill<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in p<span class=\"_ _1\"></span>i\u00f9 o in me<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i 0,5 pun<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>valori al<span class=\"_ _348\"> </span> 31/12/21<span class=\"_ _348\"> </span>giacenza *<span class=\"_ _348\"> </span> (indebitamento)<span class=\"_ _348\"> </span>proventi<span class=\"_ _348\"> </span> (oneri) <span class=\"_ _d\"> </span>tassi<span class=\"_ _17f\"> </span> +0,5%<span class=\"_ _16d\"> </span>-0,5%<span class=\"_ _348\"> </span>Banche attive (c/c)<span class=\"_ _117\"> </span>148.233<span class=\"_ _1a\"> </span>75.653<span class=\"_ _12f\"> </span>15<span class=\"_ _190\"> </span>0,02%<span class=\"_ _132\"> </span>393<span class=\"_ _2b1\"> </span>-363<span class=\"_ _348\"> </span>Finanziamenti attivi correnti e non correnti a <span class=\"ff12\">joint venture<span class=\"_ _132\"> </span></span>2.479<span class=\"_ _74\"> </span>1.988<span class=\"_ _243\"> </span> 25 <span class=\"_ _17f\"> </span>1,26%<span class=\"_ _12f\"> </span>35<span class=\"_ _12f\"> </span>15<span class=\"_ _348\"> </span>C/C di corrispondenza<span class=\"_ _2b6\"> </span>-9.560<span class=\"_ _5d\"> </span>-11.132<span class=\"_ _1bc\"> </span>-83<span class=\"_ _190\"> </span>0,75%<span class=\"_ _2b1\"> </span>-139<span class=\"_ _26b\"> </span>-28<span class=\"_ _348\"> </span>Finanziamenti bancari correnti e non correnti **<span class=\"_ _3d\"> </span>-99.097<span class=\"_ _5d\"> </span>-82.080<span class=\"_ _1fb\"> </span>-1.389<span class=\"_ _190\"> </span>1,69%<span class=\"_ _1fc\"> </span>-1.798<span class=\"_ _194\"> </span>-977<span class=\"_ _348\"> </span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span> locazione correnti e non correnti<span class=\"_ _2b7\"> </span>-411.944<span class=\"_ _df\"> </span>-434.258<span class=\"_ _14f\"> </span>-11.836<span class=\"_ _190\"> </span>2,73%<span class=\"_ _14f\"> </span>-14.027<span class=\"_ _1fb\"> </span>-9.684<span class=\"_ _348\"> </span>* <span class=\"_ _51\"> </span>media sulla durata dell\u2019esercizio<span class=\"_ _348\"> </span>**  <span class=\"_ _172\"> </span>escluso derivato di copertura<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>valori al<span class=\"_ _348\"> </span> 31/12/22<span class=\"_ _348\"> </span>giacenza *<span class=\"_ _348\"> </span> (indebitamento)<span class=\"_ _348\"> </span>proventi<span class=\"_ _348\"> </span> (oneri) <span class=\"_ _d\"> </span>tassi<span class=\"_ _17f\"> </span> +0,5%<span class=\"_ _16d\"> </span>-0,5%<span class=\"_ _348\"> </span>Banche attive (c/c)<span class=\"_ _2b8\"> </span><span class=\"ff1 fc0\">81.954<span class=\"_ _1a\"> </span></span>75.653<span class=\"_ _255\"> </span>153<span class=\"_ _190\"> </span>0,20%<span class=\"_ _132\"> </span>531<span class=\"_ _2b1\"> </span>-225<span class=\"_ _348\"> </span>Impieghi di liquidit\u00e0 in depositi a breve<span class=\"_ _1f3\"> </span><span class=\"ff1 fc0\">30.653<span class=\"_ _2b9\"> </span></span>5.077<span class=\"_ _132\"> </span>226<span class=\"_ _190\"> </span>4,45%<span class=\"_ _132\"> </span>251<span class=\"_ _132\"> </span>201<span class=\"_ _348\"> </span>Finanziamenti attivi correnti e non correnti a <span class=\"ff12\">joint venture<span class=\"_ _134\"> </span><span class=\"ff1 fc0\">703<span class=\"_ _2b9\"> </span></span></span>1.988<span class=\"_ _195\"> </span> 18 <span class=\"_ _17e\"> </span>0,91%<span class=\"_ _12f\"> </span>28<span class=\"_ _130\"> </span>8<span class=\"_ _348\"> </span>C/C di corrispondenza<span class=\"_ _4b\"> </span><span class=\"ff1 fc0\">-130<span class=\"_ _5d\"> </span></span>-11.132<span class=\"_ _a\"> </span>-3<span class=\"_ _1fb\"> </span>0,03%<span class=\"_ _26b\"> </span>-59<span class=\"_ _12f\"> </span>52<span class=\"_ _348\"> </span>Finanziamenti bancari correnti e non correnti<span class=\"_ _169\"> </span><span class=\"ff1 fc0\">-88.116<span class=\"_ _5d\"> </span></span>-82.080<span class=\"_ _1fb\"> </span>-1.803<span class=\"_ _1fb\"> </span>2,20%<span class=\"_ _1fb\"> </span>-2.212<span class=\"_ _1fb\"> </span>-1.391<span class=\"_ _348\"> </span>Altre passivit\u00e0 finanziarie correnti e non correnti<span class=\"_ _e5\"> </span><span class=\"ff1 fc0\">-1.683<span class=\"_ _5b\"> </span></span>-1.683<span class=\"_ _a\"> </span>-7<span class=\"_ _1f9\"> </span>-<span class=\"_ _1f9\"> </span>-<span class=\"_ _254\"> </span> -<span class=\"_ _348\"> </span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in<span class=\"_ _348\"> </span> locazione correnti e non correnti<span class=\"_ _2b7\"> </span><span class=\"ff1 fc0\">-396.747<span class=\"_ _df\"> </span></span>-410.662<span class=\"_ _14f\"> </span>-11.280<span class=\"_ _190\"> </span>2,75%<span class=\"_ _14f\"> </span>-13.353<span class=\"_ _1fb\"> </span>-9.246<span class=\"_ _348\"> </span>* <span class=\"_ _51\"> </span>media sulla durata dell\u2019esercizio<span class=\"_ _348\"> </span>b) Ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>io d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o, che o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>u pi\u00f9 m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ati a l<span class=\"_ _1\"></span>ivell<span class=\"_ _1\"></span>o mon<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>le, \u00e8 na<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to a ris<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rca<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i all<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> flut<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>In co<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>uit<span class=\"_ _1\"></span>\u00e0 con i<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>io, ta<span class=\"_ _1\"></span>le ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hio \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato po<span class=\"_ _1\"></span>co si<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ativo no<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nte l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 del<span class=\"_ _348\"> </span> Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ne<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>rca<span class=\"_ _1\"></span>ti inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ali. Il r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o \u00e8 so<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te limit<span class=\"_ _1\"></span>ato in q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to ogn<span class=\"_ _1\"></span>i Paes<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ene i<span class=\"_ _348\"> </span> cos<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>sa va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>lla qu<span class=\"_ _1\"></span>ale r<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za i r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avi<span class=\"_ _348\"> </span>c)<span class=\"_ _0\"></span> Rischi<span class=\"_ _0\"></span> di vari<span class=\"_ _0\"></span>azione prezz<span class=\"_ _0\"></span>o delle<span class=\"_ _0\"></span> materie<span class=\"_ _0\"></span> prime<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e fat<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io r<span class=\"_ _1\"></span>ileva, p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r le so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po, co<span class=\"_ _1\"></span>n ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto al<span class=\"_ _1\"></span>le ma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ie pr<span class=\"_ _1\"></span>ime q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li en<span class=\"_ _1\"></span>erg<span class=\"_ _1\"></span>ia e<span class=\"_ _1\"></span>let<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>a,<span class=\"_ _348\"> </span> le<span class=\"_ _1\"></span>gno (uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r i pan<span class=\"_ _1\"></span>nel<span class=\"_ _1\"></span>li de<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nd) e p<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ri (util<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r le gr<span class=\"_ _1\"></span>afi<span class=\"_ _1\"></span>che, l<span class=\"_ _1\"></span>a ca<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tel<span class=\"_ _1\"></span>loni<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ca e l<span class=\"_ _1\"></span>a moq<span class=\"_ _1\"></span>uet<span class=\"_ _1\"></span>te). A<span class=\"_ _348\"> </span> tal p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ito il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo h<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>to pol<span class=\"_ _1\"></span>itic<span class=\"_ _1\"></span>he di a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rov<span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>ntic<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>to per a<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>uni m<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li (es. pa<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>elli p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span> gli st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d) o a p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r al<span class=\"_ _1\"></span>tre m<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ie p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>e (ene<span class=\"_ _1\"></span>rgi<span class=\"_ _1\"></span>a ele<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ca e g<span class=\"_ _1\"></span>as). Inol<span class=\"_ _1\"></span>tre, s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>ti nei p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mi<span class=\"_ _348\"> </span> me<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>l 2023 i lavor<span class=\"_ _1\"></span>i di p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>ell\u2019impi<span class=\"_ _1\"></span>anto fo<span class=\"_ _1\"></span>tovolta<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o ins<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>lato ne<span class=\"_ _1\"></span>l qu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>re di Rh<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo, fra<span class=\"_ _348\"> </span> il 2023 e il 20<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>4, di au<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re la q<span class=\"_ _1\"></span>uot<span class=\"_ _1\"></span>a di fab<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>sog<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rge<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o so<span class=\"_ _1\"></span>ddis<span class=\"_ _1\"></span>fat<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>a tal<span class=\"_ _1\"></span>e fon<span class=\"_ _1\"></span>te dal 20% at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le fin<span class=\"_ _1\"></span>o a<span class=\"_ _348\"> </span> un<span class=\"_ _1\"></span> 25<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>3<span class=\"_ _1\"></span>0%<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019espo<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one a t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e fat<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hio \u00e8 de<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta ne<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo Ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io di au<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>ime<span class=\"_ _348\"> </span> presente nella Relazione del Consiglio di<span class=\"_ _0\"></span> Amministra<span class=\"_ _1\"></span>zione sulla gestione.<span class=\"_ _348\"> </span>35) Informativa<span class=\"_ _0\"></span> su garanzie prestate,<span class=\"_ _0\"></span> impegni ed<span class=\"_ _0\"></span> altre passivit\u00e0 poten<span class=\"_ _0\"></span>ziali<span class=\"_ _348\"> </span>Garanzie<span class=\"_ _0\"></span> prestate<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vame<span class=\"_ _1\"></span>nte a 4.63<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro e s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>\u00ec com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws3a\">3.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>8<span class=\"_ _1\"></span>6 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro pe<span class=\"_ _1\"></span>r la fi<span class=\"_ _1\"></span>dei<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one r<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a a favore di S<span class=\"_ _1\"></span>IMEST Sp<span class=\"_ _1\"></span>A a gar<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia de<span class=\"_ _1\"></span>lle o<span class=\"_ _1\"></span>bbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span></span><span class=\"fc4 ws3a\"> </span>as<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ri<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ies<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>la Ca<span class=\"_ _1\"></span>pog<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o a vale<span class=\"_ _1\"></span>re su<span class=\"_ _1\"></span>lle r<span class=\"_ _1\"></span>iso<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>l Fond<span class=\"_ _1\"></span>o di cu<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> alla legge 394/<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws9c\">924 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a fide<span class=\"_ _1\"></span>iu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e ril<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>ta da<span class=\"_ _1\"></span>lla Ca<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o a favore d<span class=\"_ _1\"></span>i PGIM R<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>l Est<span class=\"_ _1\"></span>ate Lu<span class=\"_ _1\"></span>xemb<span class=\"_ _1\"></span>our<span class=\"_ _1\"></span>g<span class=\"_ _348\"> </span></span><span class=\"fc4 ws9c\"> </span>S.<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>. pe<span class=\"_ _1\"></span>r c<span class=\"_ _1\"></span>onto de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llat<span class=\"_ _1\"></span>a No<span class=\"_ _1\"></span>los<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nd Sp<span class=\"_ _1\"></span>A a ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>zia d<span class=\"_ _1\"></span>elle o<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i as<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> di locazione del magaz<span class=\"_ _1\"></span>zino;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws1f\">501<span class=\"_ _0\"></span> migliaia di euro<span class=\"_ _0\"></span> per la fideiussione rilasciat<span class=\"_ _1\"></span>a dalla Capogruppo a fa<span class=\"_ _0\"></span>vore dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>Agenzia delle Entrat<span class=\"_ _0\"></span>e per<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 ws1f\"> </span>con<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 L<span class=\"_ _1\"></span>a Fab<span class=\"_ _1\"></span>bri<span class=\"_ _1\"></span>ca d<span class=\"_ _1\"></span>el L<span class=\"_ _1\"></span>ibr<span class=\"_ _1\"></span>o SpA li<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a in dat<span class=\"_ _1\"></span>a 10 nov<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>bre 201<span class=\"_ _0\"></span>9 a ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzia d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> di ri<span class=\"_ _1\"></span>mbo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so IVA anno d\u2019imp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>a 201<span class=\"_ _6\"></span>9;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws1d0\">22 migliaia d<span class=\"_ _0\"></span>i euro per fideiussioni rilasciate a garanzia dei contratti di locazione della societ\u00e0 controllata<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 ws1d0\"> </span>MA<span class=\"_ _1\"></span>DE eve<span class=\"_ _1\"></span>nti S<span class=\"_ _1\"></span>rl.<span class=\"_ _348\"> </span>Passivit\u00e0 po<span class=\"_ _0\"></span>tenziali<span class=\"_ _348\"> </span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re al<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>li il cu<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>io di s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in cir<span class=\"_ _1\"></span>ca 275<span class=\"_ _348\"> </span> migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro, \u00e8 st<span class=\"_ _1\"></span>ato ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to pos<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>al l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>CONTO ECONOMICO<span class=\"_ _348\"> </span>36) Rica<span class=\"_ _0\"></span>vi delle<span class=\"_ _6\"></span> vendite e<span class=\"_ _0\"></span> delle prestazio<span class=\"_ _0\"></span>ni<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 220.<span class=\"_ _1\"></span>285 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _0\"></span>22.302 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>er ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogi<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>cav<span class=\"_ _1\"></span>i \u00e8 la se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ente:<span class=\"_ _348\"> </span>Ric<span class=\"_ _1\"></span>avi delle ven<span class=\"_ _1\"></span>dite e de<span class=\"_ _1\"></span>lle pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _3a\"> </span><span class=\"ff6 fs32 fc4\"> (migliaia di euro)</span><span class=\"ff6 fs32 fc4\"> </span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Corrispettivi utilizzo aree fieristiche<span class=\"_ _f6\"> </span><span class=\"fc0\"> 71.277 <span class=\"_ _3b\"> </span></span> 23.818 <span class=\"_ _250\"> </span>47.459<span class=\"_ _348\"> </span>Noleggio allestimenti, arredi e attrezzature<span class=\"_ _64\"> </span><span class=\"fc0\"> 65.568 <span class=\"_ _3b\"> </span></span> 34.910 <span class=\"_ _250\"> </span>30.658<span class=\"_ _348\"> </span>Canoni aree espositori<span class=\"_ _97\"> </span><span class=\"fc0\"> 30.706 <span class=\"_ _24f\"> </span></span> 33.668 <span class=\"_ _227\"> </span>-2.962<span class=\"_ _348\"> </span>Corrispettivi e servizi convegni ed eventi<span class=\"_ _262\"> </span><span class=\"fc0\"> 14.186 <span class=\"_ _3d\"> </span></span> 6.031 <span class=\"_ _2e\"> </span>8.155<span class=\"_ _348\"> </span>Servizi di ristorazione e mensa<span class=\"_ _25\"> </span><span class=\"fc0\"> 10.036 <span class=\"_ _3d\"> </span></span> 4.046 <span class=\"_ _2e\"> </span>5.990<span class=\"_ _348\"> </span>Servizi quartiere<span class=\"_ _102\"> </span><span class=\"fc0\"> 8.109 <span class=\"_ _3d\"> </span></span> 5.831 <span class=\"_ _2e\"> </span>2.278<span class=\"_ _348\"> </span>Servizi e spazi pubblicitari<span class=\"_ _2ba\"> </span><span class=\"fc0\"> 5.533 <span class=\"_ _3d\"> </span></span> 3.046 <span class=\"_ _2e\"> </span>2.487<span class=\"_ _348\"> </span>Corrispettivi diversi e royalties<span class=\"_ _f9\"> </span><span class=\"fc0\"> 3.828 <span class=\"_ _3d\"> </span></span> 3.504 <span class=\"_ _1fe\"> </span>324<span class=\"_ _348\"> </span>Servizi supplementari di mostra<span class=\"_ _20\"> </span><span class=\"fc0\"> 3.459 <span class=\"_ _3d\"> </span></span> 2.262 <span class=\"_ _2e\"> </span>1.197<span class=\"_ _348\"> </span>Biglietteria ingressi a pagamento<span class=\"_ _299\"> </span><span class=\"fc0\"> 2.509 <span class=\"_ _3d\"> </span></span> 1.658 <span class=\"_ _1fe\"> </span>851<span class=\"_ _348\"> </span>Servizio controllo accessi e customer care<span class=\"_ _2bb\"> </span><span class=\"fc0\"> 1.987 <span class=\"_ _228\"> </span></span> 981 <span class=\"_ _2e\"> </span>1.006<span class=\"_ _348\"> </span>Servizi di telefonia e internet<span class=\"_ _f1\"> </span><span class=\"fc0\"> 1.626 <span class=\"_ _3d\"> </span></span> 1.159 <span class=\"_ _186\"> </span>467<span class=\"_ _348\"> </span>Servizi multimediali e catalogo on line<span class=\"_ _68\"> </span><span class=\"fc0\"> 824 <span class=\"_ _228\"> </span></span> 448 <span class=\"_ _1fe\"> </span>376<span class=\"_ _348\"> </span>Servizi amministrativi di mostra<span class=\"_ _1ec\"> </span><span class=\"fc0\"> 436 <span class=\"_ _228\"> </span></span> 322 <span class=\"_ _1fe\"> </span>114<span class=\"_ _348\"> </span>Vendita prodotti editoriali<span class=\"_ _ef\"> </span><span class=\"fc0\"> 201 <span class=\"_ _228\"> </span></span> 618 <span class=\"_ _166\"> </span>-417<span class=\"_ _348\"> </span>Totale <span class=\"_ _217\"> </span> 220.285 <span class=\"_ _1c2\"> </span><span class=\"fc4\"> 122.302 <span class=\"_ _250\"> </span>97.983<span class=\"_ _348\"> </span></span>L<span class=\"_ _8\"></span>\u2019inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avi \u00e8 pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>olle<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>to alla r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di fie<span class=\"_ _1\"></span>re e co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si e s<span class=\"_ _1\"></span>i ra<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fro<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a con l\u2019analo<span class=\"_ _1\"></span>go<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do d<span class=\"_ _1\"></span>el 2021 con<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>la so<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ens<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne in It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a nei p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mi se<span class=\"_ _1\"></span>i me<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>lle m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i in pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a a<span class=\"_ _348\"> </span> seguito della pandemia da<span class=\"_ _0\"></span> Covid-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9. La variazione positiva \u00e8 correlata principalmente alla<span class=\"_ _0\"></span> buona per<span class=\"_ _1\"></span>formanc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni an<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>li e de<span class=\"_ _1\"></span>lle m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>lur<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>li tr<span class=\"_ _1\"></span>a le qu<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>la la p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di Ga<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ch,<span class=\"_ _348\"> </span> evento inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ato al<span class=\"_ _1\"></span>l\u2019indus<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>a ene<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>eti<span class=\"_ _1\"></span>ca ch<span class=\"_ _1\"></span>e si \u00e8 svol<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r la pr<span class=\"_ _1\"></span>ima vo<span class=\"_ _1\"></span>lta a M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no. T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> \u00e8 stato parzialmente compensato dal meno<span class=\"_ _0\"></span> favore<span class=\"_ _0\"></span>vole calendario fieristico, dovut<span class=\"_ _0\"></span>o all\u2019<span class=\"_ _6\"></span>assenz<span class=\"_ _1\"></span>a della \u201cbiennale<span class=\"_ _348\"> </span> ann<span class=\"_ _1\"></span>o dis<span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i\u201d di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata H<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t. Per q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda l\u2019attiv<span class=\"_ _1\"></span>it\u00e0 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sua<span class=\"_ _1\"></span>le si s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>la la p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>za<span class=\"_ _348\"> </span> di co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>me: il Worl<span class=\"_ _1\"></span>d of Cof<span class=\"_ _7\"></span>fee, l\u2019ES<span class=\"_ _1\"></span>A - Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so Eur<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>a, l\u2019ECE - C<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> Europ<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>o di End<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>gia e l\u2019E<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>S - Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so Eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>eo s<span class=\"_ _1\"></span>ull\u2019<span class=\"_ _6\"></span>Ate<span class=\"_ _1\"></span>ros<span class=\"_ _1\"></span>cle<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>si, E<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>DV - Acc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>mia Eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ea d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> Dermatologia e V<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>nereologia e l\u2019E<span class=\"_ _0\"></span>SCRS - Societ\u00e0 Europea della<span class=\"_ _0\"></span> Chirurgia Refrattiva e della C<span class=\"_ _0\"></span>atarat<span class=\"_ _1\"></span>ta.<span class=\"_ _348\"> </span> La vo<span class=\"_ _1\"></span>ce R<span class=\"_ _1\"></span>icav<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>le ven<span class=\"_ _1\"></span>dite e de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 1<span class=\"_ _0\"></span>0.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (4.<span class=\"_ _0\"></span>706 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31<span class=\"_ _348\"> </span> dicembre 202<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>) riguarda<span class=\"_ _1\"></span>nti operazioni con par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dett<span class=\"_ _1\"></span>agli si rimanda alla<span class=\"_ _0\"></span> nota 53 dedicata<span class=\"_ _348\"> </span> a tali<span class=\"_ _0\"></span> operazioni<span class=\"_ _348\"> <span class=\"_ _348\"> </span></span><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs7bd\">37<span class=\"_ _1\"></span>) Co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r ma<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs7be\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 4.078 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.705 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs7bf\">La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>er ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogi<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>sto \u00e8 la s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nte:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs7c0\">Cos<span class=\"_ _1\"></span>ti per m<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li <span class=\"_ _1a4\"> </span><span class=\"ff6 fs32 fc4\"> (migliaia di euro)</span><span class=\"ff6 fs32 fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7c1\"> <span class=\"_ _75\"> </span><span class=\"ff1 fc0\"> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _130\"> </span> variazione<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc0\"><span class=\"fc4\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7c2\">Materiale sussidiario e di consumo <span class=\"_ _b2\"> </span><span class=\"fc0\">3.934<span class=\"_ _41\"> </span></span>1.632<span class=\"_ _41\"> </span>2.302<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7c3\">Stampati, modulistica e cancelleria <span class=\"_ _2bc\"> </span><span class=\"fc0\">96<span class=\"_ _7c\"> </span></span>54<span class=\"_ _7c\"> </span>42<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7c4\">Materie prime <span class=\"_ _278\"> </span><span class=\"fc0\">48<span class=\"_ _1fa\"> </span></span>2<span class=\"_ _7c\"> </span>46<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7c5\">Prodotti finiti e imballaggi <span class=\"_ _112\"> </span><span class=\"fc0\"> -<span class=\"_ _7c\"> </span></span>17<span class=\"_ _91\"> </span>-17<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs7c6\">Totale <span class=\"_ _276\"> </span>4.078<span class=\"_ _41\"> </span><span class=\"fc4\">1.705<span class=\"_ _41\"> </span>2.373<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws100 gs7c7\">La vo<span class=\"_ _1\"></span>ce C<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 4 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (valo<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ri a ze<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ard<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs7c8\">con p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>ti co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te. Per ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agli s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>da a<span class=\"_ _1\"></span>lla no<span class=\"_ _1\"></span>ta 5<span class=\"_ _1\"></span>3 ded<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ata a t<span class=\"_ _1\"></span>ali o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3 ws3 gs7c9\">3<span class=\"_ _1\"></span>8) C<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i p<span class=\"_ _1\"></span>er s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>zi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs7ca\">Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>0.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>59 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (71<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>204 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs7cb\">La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>er ti<span class=\"_ _1\"></span>pol<span class=\"_ _1\"></span>ogi<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>sto \u00e8 la s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nte:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 ls3 ws3 gs7cc\">Cos<span class=\"_ _1\"></span>ti per s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi<span class=\"_ _148\"> </span><span class=\"ff6 fs32 fc4\">(migliaia di euro)</span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs7cd\"> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7ce\">Noleggio attrezzature per manifestazioni<span class=\"_ _262\"> </span><span class=\"fc0\"> 21.940 <span class=\"_ _3b\"> </span></span> 12.859 <span class=\"_ _3d\"> </span> 9.081<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7cf\">Allestimenti e attrezzature per manifestazioni<span class=\"_ _2bd\"> </span><span class=\"fc0\"> 17.685 <span class=\"_ _3d\"> </span></span> 7.984 <span class=\"_ _3d\"> </span> 9.701<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d0\">Consumi energetici<span class=\"_ _c8\"> </span><span class=\"fc0\"> 7.483 <span class=\"_ _3d\"> </span></span> 6.201 <span class=\"_ _3d\"> </span> 1.282<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d1\">Manutenzioni<span class=\"_ _cb\"> </span><span class=\"fc0\"> 7.458 <span class=\"_ _3d\"> </span></span> 6.871 <span class=\"_ _228\"> </span> 587<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d2\">Servizi di vigilanza e portierato<span class=\"_ _1e\"> </span><span class=\"fc0\"> 5.891 <span class=\"_ _3d\"> </span></span> 3.900 <span class=\"_ _3d\"> </span> 1.991<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d3\">Pulizia e asporto rifiuti<span class=\"_ _19d\"> </span><span class=\"fc0\"> 5.849 <span class=\"_ _3d\"> </span></span> 3.372 <span class=\"_ _3d\"> </span> 2.477<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d4\">Iniziative promozionali alle manifestazioni<span class=\"_ _11f\"> </span><span class=\"fc0\"> 5.356 <span class=\"_ _3d\"> </span></span> 2.167 <span class=\"_ _3d\"> </span> 3.189<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d5\">Servizi informatici<span class=\"_ _e7\"> </span><span class=\"fc0\"> 4.455 <span class=\"_ _3d\"> </span></span> 3.747 <span class=\"_ _228\"> </span> 708<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d6\">Consulenze tecniche, legali, commerciali e amministrative<span class=\"_ _244\"> </span><span class=\"fc0\"> 4.395 <span class=\"_ _3d\"> </span></span> 3.692 <span class=\"_ _228\"> </span> 703<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d7\">Servizi di pubblicit\u00e0<span class=\"_ _160\"> </span><span class=\"fc0\"> 3.762 <span class=\"_ _3d\"> </span></span> 3.232 <span class=\"_ _228\"> </span> 530<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d8\">Servizi di ristorazione<span class=\"_ _112\"> </span><span class=\"fc0\"> 3.298 <span class=\"_ _3d\"> </span></span> 1.696 <span class=\"_ _3d\"> </span> 1.602<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7d9\">Premi assicurativi<span class=\"_ _e7\"> </span><span class=\"fc0\"> 3.181 <span class=\"_ _3d\"> </span></span> 1.833 <span class=\"_ _3d\"> </span> 1.348<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7da\">Spese telefoniche e internet<span class=\"_ _2be\"> </span><span class=\"fc0\"> 2.175 <span class=\"_ _3d\"> </span></span> 1.914 <span class=\"_ _228\"> </span> 261<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7db\">Servizi professionali e collaborazioni varie di manifestazione<span class=\"_ _2a3\"> </span><span class=\"fc0\"> 2.159 <span class=\"_ _3d\"> </span></span> 1.260 <span class=\"_ _228\"> </span> 899<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7dc\">Servizi per convegni e congressi<span class=\"_ _297\"> </span><span class=\"fc0\"> 2.116 <span class=\"_ _3d\"> </span></span> 1.759 <span class=\"_ _6e\"> </span> 357<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7dd\">Assistenze tecnica e servizi accessori<span class=\"_ _125\"> </span><span class=\"fc0\"> 1.845 <span class=\"_ _228\"> </span></span> 857 <span class=\"_ _228\"> </span> 988<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7de\">Provvigioni e commissioni<span class=\"_ _123\"> </span><span class=\"fc0\"> 1.842 <span class=\"_ _6e\"> </span></span> 572 <span class=\"_ _3d\"> </span> 1.270<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7df\">Prestazioni di servizi legali, commerciali e amministrative<span class=\"_ _2bf\"> </span><span class=\"fc0\"> 1.634 <span class=\"_ _3d\"> </span></span> 1.439 <span class=\"_ _228\"> </span> 195<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e0\">Variazione costi sospesi sostenuti per manifestazioni<span class=\"_ _b1\"> </span><span class=\"fc0\"> 734 <span class=\"_ _6e\"> </span></span> 830 <span class=\"_ _225\"> </span>-96<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e1\">Servizi di trasporto<span class=\"_ _bc\"> </span><span class=\"fc0\"> 730 <span class=\"_ _3d\"> </span></span> 1.670 <span class=\"_ _af\"> </span>-940<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e2\">Biglietteria<span class=\"_ _80\"> </span><span class=\"fc0\"> 586 <span class=\"_ _6e\"> </span></span> 272 <span class=\"_ _228\"> </span> 314<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e3\">Compensi Sindaci<span class=\"_ _7b\"> </span><span class=\"fc0\"> 241 <span class=\"_ _6e\"> </span></span> 265 <span class=\"_ _225\"> </span>-24<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e4\">Altri<span class=\"_ _1db\"> </span><span class=\"fc0\"> 5.400 <span class=\"_ _3d\"> </span></span> 2.822 <span class=\"_ _3d\"> </span> 2.578<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs7e5\">Utilizzo fondi<span class=\"_ _2c0\"> </span><span class=\"fc0\">-56 <span class=\"_ _225\"> </span></span>-10 <span class=\"_ _225\"> </span>-46<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs7e6\">Totale<span class=\"_ _1a1\"> </span> 110.159 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 71.204 <span class=\"_ _3b\"> </span> 38.955<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div>La vo<span class=\"_ _1\"></span>ce \u201cC<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i\u201d co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>de, pr<span class=\"_ _1\"></span>evale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te, cos<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r la g<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i ne<span class=\"_ _1\"></span>lle fa<span class=\"_ _1\"></span>si di m<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne,<span class=\"_ _348\"> </span> svolgi<span class=\"_ _0\"></span>mento e smobilitazione delle manifestazioni e dei congressi.<span class=\"_ _348\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in au<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>and<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>ei ri<span class=\"_ _1\"></span>cavi.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce C<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 3.007 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>37<span class=\"_ _0\"></span>5 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni con parti cor<span class=\"_ _1\"></span>relate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>39) Co<span class=\"_ _0\"></span>sti per g<span class=\"_ _0\"></span>odimento<span class=\"_ _0\"></span> di beni<span class=\"_ _0\"></span> di terzi<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _0\"></span>.246 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro (51<span class=\"_ _6\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>os\u00ec r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ti:<span class=\"_ _348\"> </span>Cos<span class=\"_ _1\"></span>ti per g<span class=\"_ _1\"></span>odim<span class=\"_ _1\"></span>ento di be<span class=\"_ _1\"></span>ni di ter<span class=\"_ _1\"></span>zi<span class=\"_ _c9\"> </span><span class=\"ff6 fs32 fc4\"> (migliaia di euro)</span><span class=\"ff6 fs32 fc4\"> </span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _a2\"> </span>variazione<span class=\"_ _348\"> </span></span>Canoni variabili<span class=\"_ _c0\"> </span><span class=\"fc0\">860<span class=\"_ _27\"> </span></span>347<span class=\"_ _26\"> </span>513<span class=\"_ _348\"> </span>Noleggio automezzi - spese di gestione<span class=\"_ _2c1\"> </span><span class=\"fc0\">237<span class=\"_ _26\"> </span></span>135<span class=\"_ _27\"> </span>102<span class=\"_ _348\"> </span>Spese aree espositive<span class=\"_ _160\"> </span><span class=\"fc0\">100<span class=\"_ _1e8\"> </span></span>3<span class=\"_ _7c\"> </span>97<span class=\"_ _348\"> </span>Noleggio apparecchiature e fotocopiatrici uffici<span class=\"_ _aa\"> </span><span class=\"fc0\">49<span class=\"_ _7c\"> </span></span>31<span class=\"_ _7c\"> </span>18<span class=\"_ _348\"> </span>Totale<span class=\"_ _229\"> </span>1.246<span class=\"_ _26\"> </span><span class=\"fc4\">516<span class=\"_ _26\"> </span>730<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce \u201cCa<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>ni var<span class=\"_ _1\"></span>iab<span class=\"_ _1\"></span>ili\u201d \u00e8 p<span class=\"_ _1\"></span>reval<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>teme<span class=\"_ _1\"></span>nte ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndu<span class=\"_ _1\"></span>cib<span class=\"_ _1\"></span>ile a<span class=\"_ _1\"></span>lla li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nza d\u2019us<span class=\"_ _1\"></span>o di ma<span class=\"_ _1\"></span>rch<span class=\"_ _1\"></span>i di ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce C<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r god<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto di b<span class=\"_ _1\"></span>eni d<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>zi in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 77 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (valo<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ri a ze<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span> riguardanti opera<span class=\"_ _1\"></span>zioni con par<span class=\"_ _1\"></span>ti correlate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>4<span class=\"_ _1\"></span>0) C<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 4<span class=\"_ _1\"></span>4.4<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>3 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (40.7<span class=\"_ _0\"></span>20 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no co<span class=\"_ _1\"></span>s\u00ec r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ti:<span class=\"_ _348\"> </span>Costi del pers<span class=\"_ _1\"></span>onale<span class=\"_ _1bd\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>2022 <span class=\"_ _41\"> </span><span class=\"fc4\">2021 <span class=\"_ _29\"> </span>variazione<span class=\"_ _348\"> </span></span>Salari e stipendi<span class=\"_ _ba\"> </span><span class=\"fc0\"> 31.434 <span class=\"_ _24f\"> </span></span> 26.792 <span class=\"_ _3d\"> </span> 4.642<span class=\"_ _348\"> </span> Oneri sociali<span class=\"_ _2c2\"> </span><span class=\"fc0\"> 9.662 <span class=\"_ _3d\"> </span></span> 8.494 <span class=\"_ _3d\"> </span> 1.168<span class=\"_ _348\"> </span> Incentivi all\u2019esodo<span class=\"_ _e1\"> </span><span class=\"fc0\"> 1.934 <span class=\"_ _6e\"> </span></span> 177 <span class=\"_ _3d\"> </span> 1.757<span class=\"_ _348\"> </span> Indennit\u00e0 relative a piani a contribuzione definita<span class=\"_ _2b0\"> </span><span class=\"fc0\"> 1.658 <span class=\"_ _3d\"> </span></span> 1.574 <span class=\"_ _26\"> </span> 84<span class=\"_ _348\"> </span> Altri costi<span class=\"_ _28d\"> </span><span class=\"fc0\"> 1.224 <span class=\"_ _3d\"> </span></span> 1.771 <span class=\"_ _af\"> </span>-547<span class=\"_ _348\"> </span> Emolumenti Amministratori<span class=\"_ _121\"> </span><span class=\"fc0\"> 738 <span class=\"_ _228\"> </span></span> 805 <span class=\"_ _225\"> </span>-67<span class=\"_ _348\"> </span> Collaboratori a progetto e interinali<span class=\"_ _299\"> </span><span class=\"fc0\"> 673 <span class=\"_ _26\"> </span></span> 86 <span class=\"_ _228\"> </span> 587<span class=\"_ _348\"> </span> Indennit\u00e0 relative a piani a benefici definiti<span class=\"_ _40\"> </span><span class=\"fc0\"> 232 <span class=\"_ _228\"> </span></span> 296 <span class=\"_ _225\"> </span>-64<span class=\"_ _348\"> </span> Personale distaccato<span class=\"_ _8b\"> </span><span class=\"fc0\"> -<span class=\"_ _1ea\"> </span></span> 6 <span class=\"_ _31\"> </span>-6<span class=\"_ _348\"> </span> Variazione dei costi sospesi per manifestazioni future<span class=\"_ _2c3\"> </span><span class=\"fc0\">-1.172 <span class=\"_ _228\"> </span></span> 881 <span class=\"_ _67\"> </span>-2.053<span class=\"_ _348\"> </span> Utilizzo fondi<span class=\"_ _2c4\"> </span><span class=\"fc0\">-1.970 <span class=\"_ _166\"> </span></span>-162 <span class=\"_ _67\"> </span>-1.808<span class=\"_ _348\"> </span> Totale<span class=\"_ _226\"> </span> 44.413 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 40.720 <span class=\"_ _3d\"> </span> 3.693<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>I sa<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>i e sti<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ndi e gl<span class=\"_ _1\"></span>i one<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i ad es<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>lati s<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>er la p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a nel 1\u00b0<span class=\"_ _348\"> </span> semestre 202<span class=\"_ _0\"></span>1 del beneficio derivante dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tivazione del Fondo<span class=\"_ _0\"></span> d\u2019Int<span class=\"_ _0\"></span>egra<span class=\"_ _1\"></span>zione Salariale (FIS) oltre<span class=\"_ _0\"></span> che per la<span class=\"_ _348\"> </span> par<span class=\"_ _1\"></span>te v<span class=\"_ _0\"></span>ariabile delle retribuzioni<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce \u201c<span class=\"_ _0\"></span>Al<span class=\"_ _1\"></span>tri c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti\u201d c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde, p<span class=\"_ _1\"></span>er 3<span class=\"_ _1\"></span>09 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro, i cos<span class=\"_ _1\"></span>ti re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>l \u201cPia<span class=\"_ _1\"></span>no di in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"ff12 ws3\"> <span class=\"_ _2\"> </span></span>a me<span class=\"_ _1\"></span>dio ter<span class=\"_ _1\"></span>mine\u201d a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rovato in da<span class=\"_ _1\"></span>ta 28 ap<span class=\"_ _1\"></span>ril<span class=\"_ _1\"></span>e 2021 dall\u2019<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>mbl<span class=\"_ _1\"></span>ea de<span class=\"_ _1\"></span>gli A<span class=\"_ _7\"></span>zio<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>ti di Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>. T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e pia<span class=\"_ _1\"></span>no h<span class=\"_ _1\"></span>a lo sc<span class=\"_ _1\"></span>opo d<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ivare i<span class=\"_ _1\"></span>l <span class=\"ff12 ls8 wsb9\">management<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws104\"> al ra<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>gli o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegi<span class=\"_ _1\"></span>ci d<span class=\"_ _1\"></span>ella S<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 e ad a<span class=\"_ _1\"></span>llin<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>re gli </span></span>inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>ei b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n que<span class=\"_ _1\"></span>lli de<span class=\"_ _1\"></span>gl<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i. Il Pian<span class=\"_ _1\"></span>o preve<span class=\"_ _1\"></span>de l\u2019attr<span class=\"_ _1\"></span>ibuz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e a favore d<span class=\"_ _1\"></span>ei b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i di un dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inato nu<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ro di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>ie a f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te del r<span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>iun<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>ento di s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici e p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inat<span class=\"_ _1\"></span>i \u201cobie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e\u201d<span class=\"_ _6\"></span>, re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi al p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do 2021<span class=\"_ _0\"></span>-2022. La vo<span class=\"_ _1\"></span>ce C<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i del p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>ti co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te (4 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>e 2<span class=\"_ _1\"></span>0<span class=\"_ _7\"></span>2<span class=\"_ _1\"></span>1)<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Il num<span class=\"_ _1\"></span>ero m<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>i Di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti (<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i i L<span class=\"_ _1\"></span>avorato<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne), ripa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tito p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>gor<span class=\"_ _1\"></span>ie, \u00e8 in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ato nella tabella che segue:<span class=\"_ _348\"> </span>Personale dipendente ripar<span class=\"_ _7\"></span>tito per categorie<span class=\"ff6 fs2 ls3 ws3\"> </span> <span class=\"_ _75\"> </span><span class=\"ff1 fc0\"> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _1f9\"> </span>Variazione<span class=\"_ _348\"> </span></span></span>Dirigenti<span class=\"_ _1cb\"> </span><span class=\"fc0\">33<span class=\"_ _7c\"> </span></span>31<span class=\"_ _158\"> </span> 2 Quadri e Impiegati<span class=\"_ _2c5\"> </span><span class=\"fc0\">654<span class=\"_ _26\"> </span></span>668<span class=\"_ _91\"> </span>-14 di cui Societ\u00e0 consolidate con il metodo del patrimonio netto:<span class=\"_ _13\"> </span><span class=\"ff6 fc0\"> <span class=\"_ _1be\"> </span><span class=\"fc4\"> <span class=\"_ _1be\"> </span> </span></span>Dirigenti<span class=\"_ _14e\"> </span><span class=\"fc0\">5<span class=\"_ _1fa\"> </span></span>4<span class=\"_ _158\"> </span> 1 Quadri e Impiegati<span class=\"_ _1ee\"> </span><span class=\"fc0\">75<span class=\"_ _7c\"> </span></span>77<span class=\"_ _256\"> </span>-2 Totale dipendenti<span class=\"_ _102\"> </span>687<span class=\"_ _26\"> </span><span class=\"fc4\">699<span class=\"_ _91\"> </span>-12<span class=\"_ _348\"> </span></span>4<span class=\"_ _0\"></span>1) Alt<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ve<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 3.9<span class=\"_ _1\"></span>31 migliai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (2.84<span class=\"_ _1\"></span>3 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ano c<span class=\"_ _1\"></span>os\u00ec r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ite:<span class=\"_ _348\"> </span>Altre spes<span class=\"_ _1\"></span>e operative<span class=\"_ _1ab\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Imposte non sul reddito e tasse<span class=\"_ _20\"> </span><span class=\"fc0\"> 2.632 <span class=\"_ _3d\"> </span></span> 1.718 <span class=\"_ _228\"> </span> 914<span class=\"_ _348\"> </span> Perdite su crediti coperte da fondo<span class=\"_ _c6\"> </span><span class=\"fc0\"> 1.708 <span class=\"_ _6e\"> </span></span> 233 <span class=\"_ _3d\"> </span> 1.475<span class=\"_ _348\"> </span> Contributi ed erogazioni<span class=\"_ _2c6\"> </span><span class=\"fc0\"> 641 <span class=\"_ _228\"> </span></span> 562 <span class=\"_ _26\"> </span> 79<span class=\"_ _348\"> </span> Altri costi<span class=\"_ _294\"> </span><span class=\"fc0\"> 341 <span class=\"_ _228\"> </span></span> 370 <span class=\"_ _225\"> </span>-29<span class=\"_ _348\"> </span> Diritti SIAE<span class=\"_ _47\"> </span><span class=\"fc0\"> 292 <span class=\"_ _6e\"> </span></span> 136 <span class=\"_ _228\"> </span> 156<span class=\"_ _348\"> </span> Omaggi e articoli pubblicitari<span class=\"_ _1c0\"> </span><span class=\"fc0\"> 20 <span class=\"_ _26\"> </span></span> 49 <span class=\"_ _a4\"> </span>-29<span class=\"_ _348\"> </span> Minusvalenze immobilizzazioni<span class=\"_ _14a\"> </span><span class=\"fc0\"> 15 <span class=\"_ _7c\"> </span></span> 8 <span class=\"_ _7c\"> </span> 7<span class=\"_ _348\"> </span> Utilizzo fondi<span class=\"_ _2c4\"> </span><span class=\"fc0\">-1.718 <span class=\"_ _166\"> </span></span>-233 <span class=\"_ _67\"> </span>-1.485<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 3.931 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 2.843 <span class=\"_ _3d\"> </span> 1.088<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in au<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la voc<span class=\"_ _1\"></span>e \u201cIm<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>te non s<span class=\"_ _1\"></span>ul re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito e ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e\u201d si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>ll\u2019incre<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>la quo<span class=\"_ _1\"></span>ta var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>la ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a su<span class=\"_ _1\"></span>i rifi<span class=\"_ _1\"></span>uti p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ata a<span class=\"_ _1\"></span>i mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri vo<span class=\"_ _1\"></span>lumi d<span class=\"_ _1\"></span>i rac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>a cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>i alla r<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> attivit\u00e0 fieristiche.<span class=\"_ _348\"> </span> La vo<span class=\"_ _1\"></span>ce A<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 362 m<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (29<span class=\"_ _1\"></span>8 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>anti<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni con parti cor<span class=\"_ _1\"></span>relate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span>42) P<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>enti div<span class=\"_ _0\"></span>ersi<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 4.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>3<span class=\"_ _1\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (<span class=\"_ _1\"></span>73.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>46 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>) e r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ano c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>\u00ec rip<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>titi:<span class=\"_ _348\"> </span>Pr<span class=\"_ _1\"></span>oven<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>ive<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i<span class=\"_ _2c7\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Altri recuperi di costo<span class=\"_ _161\"> </span><span class=\"fc0\"> 1.064 <span class=\"_ _6e\"> </span></span> 918 <span class=\"_ _228\"> </span> 146<span class=\"_ _348\"> </span> Contributi in c/esercizio<span class=\"_ _e0\"> </span><span class=\"fc0\"> 934 <span class=\"_ _3b\"> </span></span> 63.326 <span class=\"_ _21a\"> </span>-62.392<span class=\"_ _348\"> </span> Affitti uffici e spese utilizzo locali<span class=\"_ _1e\"> </span><span class=\"fc0\"> 577 <span class=\"_ _228\"> </span></span> 498 <span class=\"_ _26\"> </span> 79<span class=\"_ _348\"> </span> Recupero costi personale distaccato<span class=\"_ _c6\"> </span><span class=\"fc0\"> 485 <span class=\"_ _228\"> </span></span> 427 <span class=\"_ _26\"> </span> 58<span class=\"_ _348\"> </span> Indennizzi assicurativi<span class=\"_ _3a\"> </span><span class=\"fc0\"> 125 <span class=\"_ _26\"> </span></span> 36 <span class=\"_ _27\"> </span> 89<span class=\"_ _348\"> </span> Plusvalenze su immobilizzazioni<span class=\"_ _293\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 67 <span class=\"_ _225\"> </span>-67<span class=\"_ _348\"> </span> Altri proventi<span class=\"_ _156\"> </span><span class=\"fc0\"> 950 <span class=\"_ _3d\"> </span></span> 7.874 <span class=\"_ _227\"> </span>-6.924<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 4.135 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 73.146 <span class=\"_ _21a\"> </span>-69.011<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>ce p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te alla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dei c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uti<span class=\"_ _348\"> </span> pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ci di na<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a non r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte, pa<span class=\"_ _1\"></span>ri a 61<span class=\"_ _6\"></span>.49<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, r<span class=\"_ _1\"></span>icev<span class=\"_ _1\"></span>uti a s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>uito d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>erg<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za e<span class=\"_ _1\"></span>pid<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>iol<span class=\"_ _1\"></span>ogi<span class=\"_ _1\"></span>ca<span class=\"_ _348\"> </span> da Covi<span class=\"_ _1\"></span>d-<span class=\"_ _6\"></span>19 oltre c<span class=\"_ _1\"></span>he al p<span class=\"_ _1\"></span>roven<span class=\"_ _1\"></span>to non r<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 5.50<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivo all<span class=\"_ _1\"></span>a rid<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne tem<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nea<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o 2021 dei ca<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>ni di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>oli fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ici di R<span class=\"_ _1\"></span>ho e Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>lla Co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>nte Fon<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o che e<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>so n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a voce \u201c<span class=\"_ _0\"></span>Al<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>i proven<span class=\"_ _1\"></span>ti\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span> La vo<span class=\"_ _1\"></span>ce Pr<span class=\"_ _1\"></span>oventi di<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>si in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 9<span class=\"_ _1\"></span>59 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (6.<span class=\"_ _1\"></span>26<span class=\"_ _1\"></span>9 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>anti<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni con parti cor<span class=\"_ _1\"></span>relate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>4<span class=\"_ _1\"></span>3) R<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>i S<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e e <span class=\"ff4\">jo<span class=\"_ _1\"></span>int ve<span class=\"_ _1\"></span>ntur<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 466 m<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>207 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>lle se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> par<span class=\"_ _1\"></span>tecipazioni in <span class=\"ff12 ls38 ws11\">joint ventu<span class=\"_ _1\"></span>re:<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsae\">Ha<span class=\"_ _1\"></span>nnove<span class=\"_ _1\"></span>r Mila<span class=\"_ _1\"></span>no G<span class=\"_ _1\"></span>lob<span class=\"_ _1\"></span>al Ge<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ny Gmh<span class=\"_ _1\"></span>H pe<span class=\"_ _1\"></span>r -<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>31 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>586 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ipac<span class=\"_ _1\"></span>k Ima S<span class=\"_ _1\"></span>rl p<span class=\"_ _1\"></span>er 1<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>03 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (-255 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">MiC<span class=\"_ _1\"></span>o DMC S<span class=\"_ _1\"></span>rl p<span class=\"_ _1\"></span>er 3<span class=\"_ _1\"></span>31 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (-<span class=\"_ _6\"></span>12<span class=\"_ _6\"></span>4 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>);<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ge.Fi. S<span class=\"_ _1\"></span>pA pe<span class=\"_ _1\"></span>r 1<span class=\"_ _0\"></span>63 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span></span>44) Sv<span class=\"_ _0\"></span>alutazione dei<span class=\"_ _0\"></span> crediti e<span class=\"_ _0\"></span> altri ac<span class=\"_ _0\"></span>cantonamenti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 2.656 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (5.<span class=\"_ _1\"></span>925 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span>La movimentazione della voce \u00e8 e<span class=\"_ _0\"></span>videnziata nella seguente tabella:<span class=\"_ _348\"> </span>Svaluta<span class=\"_ _1\"></span>zione dei crediti e<span class=\"_ _0\"></span> altri accantonamenti<span class=\"_ _20\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Riorganizzazione aziendale<span class=\"_ _2c8\"> </span><span class=\"fc0\"> 2.229 <span class=\"_ _2e\"> </span></span>5.584<span class=\"_ _a3\"> </span>-3.355<span class=\"_ _348\"> </span>Contenziosi diversi<span class=\"_ _1e4\"> </span><span class=\"fc0\"> 500 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>500<span class=\"_ _348\"> </span>Svalutazione dei crediti<span class=\"_ _1af\"> </span><span class=\"fc0\"> 69 <span class=\"_ _158\"> </span></span>2<span class=\"_ _7c\"> </span>67<span class=\"_ _348\"> </span>Vertenze con il personale<span class=\"_ _dc\"> </span><span class=\"fc0\"> -<span class=\"_ _26\"> </span></span>339<span class=\"_ _2c9\"> </span>-339<span class=\"_ _348\"> </span>Rilascio quote eccedenti anni precedenti<span class=\"_ _b6\"> </span><span class=\"fc0\">-142 <span class=\"_ _256\"> </span></span> -<span class=\"_ _2c9\"> </span>-142<span class=\"_ _348\"> </span>Totale<span class=\"_ _276\"> </span> 2.656 <span class=\"_ _2e\"> </span><span class=\"fc4\">5.925<span class=\"_ _a3\"> </span>-3.269<span class=\"_ _348\"> </span></span>Per un<span class=\"_ _1\"></span>a pi\u00f9 d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>isi r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva al<span class=\"_ _1\"></span>la movi<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el fo<span class=\"_ _1\"></span>ndo sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iti e de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a a qua<span class=\"_ _1\"></span>nto in p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>to alle n<span class=\"_ _1\"></span>ote 1<span class=\"_ _0\"></span>3, 21 e 30<span class=\"_ _348\"> </span>45) Ammortamenti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ob<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>, i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i e m<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i e at<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span>iv<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r d<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>\u2019us<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 43<span class=\"_ _1\"></span>.246 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (42.0<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>7 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Il det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agl<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>gli a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i \u00e8 rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato ne<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva se<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle N<span class=\"_ _1\"></span>ote Esp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ative a c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> Imm<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>i, imp<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>ti e mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri e d<span class=\"_ _1\"></span>ella vo<span class=\"_ _1\"></span>ce D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti d\u2019uso de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 in l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Ammor<span class=\"_ _1\"></span>tamenti Attivit\u00e0 immateriali<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 4.662 m<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (3.<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>95 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in au<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>ce p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te agli a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i dei n<span class=\"_ _1\"></span>uovi si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>mi info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vo-<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span> entrati in produzione<span class=\"_ _0\"></span> dei nuovi sist<span class=\"_ _0\"></span>emi digitali implementati a partire dalla fine dell<span class=\"_ _0\"></span>'<span class=\"_ _0\"></span>esercizio 202<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>Il det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agl<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>gli a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i \u00e8 rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato ne<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva se<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle N<span class=\"_ _1\"></span>ote Esp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ative a c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> Att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>li a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>4<span class=\"_ _1\"></span>6) R<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e di a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _0\"></span>.276 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (22 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Il dettaglio della v<span class=\"_ _0\"></span>oce \u00e8 evidenziat<span class=\"_ _0\"></span>o nella seguente tabella:<span class=\"_ _348\"> </span>Rettifiche di valore di attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _146\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _75\"> </span><span class=\"ff1 fc0\"> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _130\"> </span> variazione<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc0\"><span class=\"fc4\"> </span></span>Svalutazioni marchi e testate per<span class=\"ff12\"> impairment test<span class=\"_ _2ca\"> </span></span><span class=\"fc0\"> 1.276 <span class=\"_ _83\"> </span></span> -<span class=\"_ _2e\"> </span> 1.276<span class=\"_ _348\"> </span> Svalutazioni inerenti la voce \u201cImmobili, impianti e macchinari\u201d<span class=\"_ _2bf\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 22 <span class=\"_ _225\"> </span>-22<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 1.276 <span class=\"_ _26\"> </span><span class=\"fc4\"> 22 <span class=\"_ _3d\"> </span> 1.254<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Il dettaglio delle rettifiche di v<span class=\"_ _0\"></span>alore \u00e8 ripor<span class=\"_ _1\"></span>tato nella<span class=\"_ _0\"></span> relativa sezione<span class=\"_ _0\"></span> delle Note<span class=\"_ _0\"></span> Esplicative a commento<span class=\"_ _0\"></span> della voce<span class=\"_ _348\"> </span> Att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>li a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>4<span class=\"_ _0\"></span>7) Pro<span class=\"_ _0\"></span>venti finanziari<span class=\"_ _0\"></span> e assimilati<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _0\"></span>.60<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>28 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) e son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec su<span class=\"_ _1\"></span>ddi<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span>Prov<span class=\"_ _0\"></span>enti finanziari e assimilati<span class=\"_ _7a\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _75\"> </span><span class=\"ff1 fc0\"> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _130\"> </span> variazione<span class=\"_ _348\"> </span></span></span><span class=\"ff1 fc0\"><span class=\"fc4\"> </span></span>Differenze cambio attive<span class=\"_ _15c\"> </span><span class=\"fc0\"> 855 <span class=\"_ _228\"> </span></span> 203 <span class=\"_ _228\"> </span> 652<span class=\"_ _348\"> </span> Interessi attivi su depositi bancari<span class=\"_ _20\"> </span><span class=\"fc0\"> 379 <span class=\"_ _27\"> </span></span> 48 <span class=\"_ _6e\"> </span> 331<span class=\"_ _348\"> </span> Interessi attivi su deposito cauzionale relativo alla locazione del<span class=\"_ _348\"> </span> quartiere fieristico<span class=\"_ _102\"> </span><span class=\"fc0\"> 130 <span class=\"_ _7c\"> </span></span> 1 <span class=\"_ _6e\"> </span> 129<span class=\"_ _348\"> </span> Interessi attivi su crediti verso Controllante<span class=\"_ _12b\"> </span><span class=\"fc0\"> 21 <span class=\"_ _256\"> </span></span> -<span class=\"_ _27b\"> </span> 21<span class=\"_ _348\"> </span> Altri proventi finanziari <span class=\"ff12\">joint venture<span class=\"_ _fa\"> </span></span><span class=\"fc0\"> 20 <span class=\"_ _27\"> </span></span> 26 <span class=\"_ _204\"> </span>-8<span class=\"_ _348\"> </span> Valutazione al <span class=\"ff12\">fair value</span> dei fondi di investimento<span class=\"_ _2b6\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 720 <span class=\"_ _af\"> </span>-720<span class=\"_ _348\"> </span> Altri proventi finanziari<span class=\"_ _111\"> </span><span class=\"fc0\"> 195 <span class=\"_ _26\"> </span></span> 30 <span class=\"_ _6e\"> </span> 167<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 1.600 <span class=\"_ _3d\"> </span><span class=\"fc4\"> 1.028 <span class=\"_ _228\"> </span> 572<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La vo<span class=\"_ _1\"></span>ce Pr<span class=\"_ _1\"></span>oventi fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri e a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>imil<span class=\"_ _1\"></span>ati in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 1<span class=\"_ _6\"></span>71 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro (27 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>)<span class=\"_ _348\"> </span> riguardanti opera<span class=\"_ _1\"></span>zioni con par<span class=\"_ _1\"></span>ti correlate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span>48) Oneri finanziari e<span class=\"_ _6\"></span> as<span class=\"_ _1\"></span>similati<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _6\"></span>4.<span class=\"_ _1\"></span>52<span class=\"_ _0\"></span>4 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>4.420 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>os\u00ec s<span class=\"_ _1\"></span>udd<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>si:<span class=\"_ _348\"> </span>Oneri finanziari e assimilati<span class=\"_ _2cb\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Oneri su attivit\u00e0 in leasing verso Controllante<span class=\"_ _2bd\"> </span><span class=\"fc0\"> 10.845 <span class=\"_ _3b\"> </span></span> 11.632 <span class=\"_ _166\"> </span>-787<span class=\"_ _348\"> </span> Interessi passivi su c/c bancari<span class=\"_ _1c\"> </span><span class=\"fc0\"> 1.803 <span class=\"_ _3d\"> </span></span> 1.399 <span class=\"_ _228\"> </span> 404<span class=\"_ _348\"> </span> Valutazione al <span class=\"ff12\">fair value </span>dei fondi di investimento<span class=\"_ _29b\"> </span><span class=\"fc0\"> 733 <span class=\"_ _83\"> </span></span> -<span class=\"_ _1fe\"> </span> 733<span class=\"_ _348\"> </span> Differenze cambio passive<span class=\"_ _65\"> </span><span class=\"fc0\"> 436 <span class=\"_ _228\"> </span></span> 289 <span class=\"_ _6e\"> </span> 147<span class=\"_ _348\"> </span> Oneri su attivit\u00e0 in leasing <span class=\"_ _65\"> </span><span class=\"fc0\"> 435 <span class=\"_ _228\"> </span></span> 340 <span class=\"_ _26\"> </span> 95<span class=\"_ _348\"> </span> Oneri da attualizzazione su piani a benefici definiti<span class=\"_ _177\"> </span><span class=\"fc0\"> 95 <span class=\"_ _26\"> </span></span> 35 <span class=\"_ _26\"> </span> 60<span class=\"_ _348\"> </span> Interessi passivi su c/c corrispondenza Controllante <span class=\"_ _2cc\"> </span><span class=\"fc0\"> 4 <span class=\"_ _26\"> </span></span> 83 <span class=\"_ _a4\"> </span>-79<span class=\"_ _348\"> </span> Altri oneri finanziari<span class=\"_ _ba\"> </span><span class=\"fc0\"> 173 <span class=\"_ _6e\"> </span></span> 642 <span class=\"_ _166\"> </span>-469<span class=\"_ _348\"> </span> Totale<span class=\"_ _226\"> </span> 14.524 <span class=\"_ _3b\"> </span><span class=\"fc4\"> 14.420 <span class=\"_ _6e\"> </span> 104<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te pri<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>pal<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte agli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>ll\u2019incr<span class=\"_ _1\"></span>eme<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> e alla<span class=\"_ _0\"></span> valutazione<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 wsaf\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di di inve<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, tale e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to \u00e8 s<span class=\"_ _1\"></span>tato pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>to da min<span class=\"_ _1\"></span>ori<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 wsaf\"><span class=\"ff6\"> </span></span>one<span class=\"_ _1\"></span>ri fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>u at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>n lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng, r<span class=\"_ _1\"></span>ifer<span class=\"_ _1\"></span>iti a<span class=\"_ _1\"></span>lla <span class=\"ff12 ls39 ws47\">le<span class=\"_ _1\"></span>ase liability</span><span class=\"ls7 ws5f\"> derivante dall\u2019<span class=\"_ _6\"></span>applicazione del principio contabile<span class=\"_ _348\"> </span></span><span class=\"ls7 ws5f\"> </span>IFRS 16 e dalla pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ente e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i one<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>u una s<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne am<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rati<span class=\"_ _1\"></span>va.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce O<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ri e a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>imil<span class=\"_ _1\"></span>ati in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 10.849 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>.7<span class=\"_ _6\"></span>15 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span> riguardanti opera<span class=\"_ _1\"></span>zioni con par<span class=\"_ _1\"></span>ti correlate.<span class=\"_ _0\"></span> Per maggiori dettagli si rimanda alla nota 53<span class=\"_ _0\"></span> dedicata a tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>49<span class=\"_ _1\"></span>) I<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>e su<span class=\"_ _1\"></span>l r<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito \u00e8 p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 2.055 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (-24<span class=\"_ _0\"></span>.36<span class=\"_ _1\"></span>5 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Imposte sul reddit<span class=\"_ _0\"></span>o<span class=\"_ _1bd\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>2022<span class=\"_ _228\"> </span><span class=\"fc4\">2021<span class=\"_ _29\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Imposte correnti<span class=\"_ _1cf\"> </span><span class=\"fc0\">-960 <span class=\"_ _227\"> </span></span>-6.001 <span class=\"_ _3d\"> </span> 5.041<span class=\"_ _348\"> </span> Imposte differite<span class=\"_ _8b\"> </span><span class=\"fc0\"> 3.015 <span class=\"_ _21a\"> </span></span>-18.364 <span class=\"_ _3b\"> </span> 21.379<span class=\"_ _348\"> </span> Totale<span class=\"_ _276\"> </span> 2.055 <span class=\"_ _21a\"> </span><span class=\"fc4\">-24.365 <span class=\"_ _24f\"> </span> 26.420<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>La variazione si riferisce principalme<span class=\"_ _1\"></span>nte alla<span class=\"_ _0\"></span> presenz<span class=\"_ _1\"></span>a nell\u2019<span class=\"_ _6\"></span>esercizio precedente dei benefici derivanti dagli<span class=\"_ _0\"></span> ef<span class=\"_ _1\"></span>fetti<span class=\"_ _348\"> </span> del r<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>llin<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e m<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>hi di m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e prev<span class=\"_ _1\"></span>isto da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _7\"></span>t.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>0 d<span class=\"_ _1\"></span>el D.L<span class=\"_ _1\"></span>. 1<span class=\"_ _0\"></span>04/20 c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span> mod<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _7\"></span>t. 1 c. 83 d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a le<span class=\"_ _1\"></span>gge n<span class=\"_ _1\"></span>. 1<span class=\"_ _6\"></span>78 del 30 d<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2020 (<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e di bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>cio 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019anali<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>lle i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 \u00e8 di se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to evid<span class=\"_ _1\"></span>enzi<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a:<span class=\"_ _348\"> </span>Imposte Correnti<span class=\"_ _2cd\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>2022<span class=\"_ _228\"> </span><span class=\"fc4\">2021<span class=\"_ _29\"> </span> variazione<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span>Imposte correnti IRAP<span class=\"_ _1af\"> </span><span class=\"fc0\"> 504 <span class=\"_ _228\"> </span></span> 770 <span class=\"_ _166\"> </span>-266<span class=\"_ _348\"> </span> Imposta sostitutiva riallineamento fiscale<span class=\"_ _fc\"> </span><span class=\"fc0\"> -<span class=\"_ _2ce\"> </span></span> 1.982 <span class=\"_ _227\"> </span>-1.982<span class=\"_ _348\"> </span> Altre imposte correnti<span class=\"_ _129\"> </span><span class=\"fc0\"> 13 <span class=\"_ _204\"> </span></span>-8 <span class=\"_ _26\"> </span> 21<span class=\"_ _348\"> </span> Oneri da consolidato fiscale<span class=\"_ _2be\"> </span><span class=\"fc0\"> 1.505 <span class=\"_ _7c\"> </span></span> 5 <span class=\"_ _3d\"> </span> 1.500<span class=\"_ _348\"> </span> Proventi da consolidato fiscale<span class=\"_ _ca\"> </span><span class=\"fc0\">-2.982 <span class=\"_ _227\"> </span></span>-8.750 <span class=\"_ _3d\"> </span> 5.768<span class=\"_ _348\"> </span> Totale<span class=\"_ _146\"> </span>-960 <span class=\"_ _227\"> </span><span class=\"fc4\">-6.001 <span class=\"_ _3d\"> </span> 5.041<span class=\"_ _348\"> </span></span>I prov<span class=\"_ _0\"></span>enti da consolidato<span class=\"_ _0\"></span> fiscale riflet<span class=\"_ _1\"></span>tono il<span class=\"_ _0\"></span> provento<span class=\"_ _0\"></span> riconosciuto da Fondazione Fiera Milano<span class=\"_ _0\"></span> per l\u2019<span class=\"_ _6\"></span>appo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to della<span class=\"_ _0\"></span> pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le Ir<span class=\"_ _1\"></span>es m<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nel p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o che s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 re<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a una vol<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>on gli i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ili<span class=\"_ _348\"> </span> Ire<span class=\"_ _1\"></span>s pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nti n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato fi<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so e s<span class=\"_ _1\"></span>ulla b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>la valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e sull<span class=\"_ _1\"></span>a re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del<span class=\"_ _1\"></span>le ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>i limi<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> dell\u2019<span class=\"_ _6\"></span>orizzonte temporale dei piani.<span class=\"_ _348\"> </span>Gli o<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>i da c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>dato fi<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ale r<span class=\"_ _1\"></span>ifl<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tono i<span class=\"_ _1\"></span>l deb<span class=\"_ _1\"></span>ito fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le ne<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>nfr<span class=\"_ _1\"></span>onti d<span class=\"_ _1\"></span>i Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r l'Ires te<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ica<span class=\"_ _348\"> </span> cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>te all'impo<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ile p<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tivo ch<span class=\"_ _1\"></span>e \u00e8 st<span class=\"_ _1\"></span>ato tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to in ca<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nte al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>l'utiliz<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span> proprie perdite fiscali preesistenti all'<span class=\"_ _6\"></span>avvio del consolidato nonch\u00e9 dell<span class=\"_ _0\"></span>'<span class=\"_ _6\"></span>ACE.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te anti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ate e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite, su<span class=\"_ _1\"></span>ddi<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r tip<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>gia<span class=\"_ _1\"></span>, so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>os\u00ec d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>te:<span class=\"_ _348\"> </span>Imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"ff6 fs2 ls3 ws3\"> </span>(migliaia di euro) <span class=\"_ _1c\"> </span><span class=\"ff1\">31/12/21<span class=\"_ _348\"> </span></span>Iscritte a conto<span class=\"_ _348\"> </span> economico<span class=\"_ _348\"> </span>Iscritte a<span class=\"_ _348\"> </span> patrimonio<span class=\"_ _348\"> </span> netto <span class=\"_ _17d\"> </span>Effetto cambio<span class=\"_ _2f\"> </span><span class=\"fc0\">31/12/22<span class=\"_ _348\"> </span></span>Differite attive<span class=\"_ _2a2\"> </span><span class=\"fc4\"> <span class=\"_ _af\"> </span><span class=\"ff6\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span></span></span> Ammortamenti e svalutazioni eccedenti<span class=\"_ _1fe\"> </span> 1.116 <span class=\"_ _171\"> </span>-287 <span class=\"_ _d7\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _53\"> </span><span class=\"fc0\"> 829<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Fondi rischi e oneri<span class=\"_ _2cf\"> </span> 1.465 <span class=\"_ _2a\"> </span>-112 <span class=\"_ _a3\"> </span> -<span class=\"_ _fb\"> </span> <span class=\"_ _5b\"> </span><span class=\"fc0\"> 1.353<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Svalutazione crediti<span class=\"_ _2d0\"> </span> 672 <span class=\"_ _2a\"> </span>-407 <span class=\"_ _a3\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _c7\"> </span><span class=\"fc0\"> 265<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Riallineamento fiscale avviamenti e marchi<span class=\"_ _167\"> </span> 8.147 <span class=\"_ _2a\"> </span>-308 <span class=\"_ _a3\"> </span> -<span class=\"_ _6b\"> </span> -<span class=\"_ _a7\"> </span><span class=\"fc0\"> 7.839<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Perdite fiscali riportabili<span class=\"_ _1d1\"> </span> 3.255 <span class=\"_ _a2\"> </span>-2.368 <span class=\"_ _a3\"> </span> -<span class=\"_ _53\"> </span> 394 <span class=\"_ _5d\"> </span><span class=\"fc0\"> 1.281<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Altre differenze temporanee<span class=\"_ _27e\"> </span> 1.341 <span class=\"_ _21a\"> </span> 82 <span class=\"_ _171\"> </span>-251 <span class=\"_ _d7\"> </span> -<span class=\"_ _13b\"> </span><span class=\"fc0\"> 1.172<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Totale<span class=\"_ _2d1\"> </span><span class=\"fc4\"> 15.996 <span class=\"_ _1f9\"> </span>-3.400 <span class=\"_ _171\"> </span><span class=\"ff6\">-251 <span class=\"_ _53\"> </span></span>394 <span class=\"_ _df\"> </span></span> 12.739<span class=\"_ _348\"> </span> Differite passive<span class=\"_ _2d2\"> </span><span class=\"fc4\"> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span></span> Ammortamenti avviamento e fiscalit\u00e0 differite<span class=\"_ _348\"> </span> sull\u2019acquisizione di beni intangibili<span class=\"_ _2d3\"> </span> 5.133 <span class=\"_ _2a\"> </span>-401 <span class=\"_ _a3\"> </span> -<span class=\"_ _5a\"> </span> 55 <span class=\"_ _5d\"> </span><span class=\"fc0\"> 4.787<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Altre differenze temporanee<span class=\"_ _2d4\"> </span> 495 <span class=\"_ _58\"> </span> 16 <span class=\"_ _d7\"> </span> -<span class=\"_ _d5\"> </span> -<span class=\"_ _53\"> </span><span class=\"fc0\"> 511<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Totale<span class=\"_ _2ac\"> </span><span class=\"fc4\"> 5.628 <span class=\"_ _2a\"> </span>-385 <span class=\"_ _d7\"> </span> -<span class=\"_ _5a\"> </span> 55 <span class=\"_ _5d\"> </span></span> 5.298<span class=\"_ _348\"> </span> Imposte differite nette<span class=\"_ _29a\"> </span>10.368 <span class=\"_ _a2\"> </span><span class=\"ff12\">-3.015 <span class=\"_ _171\"> </span>-251 <span class=\"_ _53\"> </span>339 <span class=\"_ _13b\"> </span></span><span class=\"fc0\">7.441<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>di cui: Attivit\u00e0 fiscali per imposte differite<span class=\"_ _a3\"> </span> 14.011 <span class=\"_ _e5\"> </span> <span class=\"_ _166\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _5d\"> </span><span class=\"fc0\"> 11.174<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Passivit\u00e0 per imposte differite passive<span class=\"_ _9d\"> </span> 3.643 <span class=\"_ _e9\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _af\"> </span> <span class=\"_ _5b\"> </span><span class=\"fc0\"> 3.733<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te a ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o a 3.01<span class=\"_ _6\"></span>5 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro e r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>l sa<span class=\"_ _1\"></span>ldo t<span class=\"_ _1\"></span>ra il<span class=\"_ _348\"> </span> ril<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cio im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste dif<span class=\"_ _7\"></span>fer<span class=\"_ _1\"></span>ite at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ve (3.40<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro) e ril<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>oste di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rite p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sive (-3<span class=\"_ _1\"></span>85 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o).<span class=\"_ _348\"> </span>La va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste dif<span class=\"_ _7\"></span>fer<span class=\"_ _1\"></span>ite at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>ve \u00e8 dovut<span class=\"_ _1\"></span>a ai r<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>i di imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te anti<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ate ril<span class=\"_ _1\"></span>evate in pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi a f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> di ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ntona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>l fond<span class=\"_ _1\"></span>o svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti l<span class=\"_ _1\"></span>a cui d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a al m<span class=\"_ _1\"></span>ome<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l lo<span class=\"_ _1\"></span>ro ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>zo ol<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span> che a<span class=\"_ _1\"></span>l ril<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>oste a<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>te sor<span class=\"_ _7\"></span>te in se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito al r<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>lline<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e m<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>hi di m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni.<span class=\"_ _348\"> </span>Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to alla s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no Br<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>il Ltda<span class=\"_ _1\"></span>, \u00e8 st<span class=\"_ _1\"></span>ato ri<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>to il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste<span class=\"_ _348\"> </span> dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te pe<span class=\"_ _1\"></span>r 2.445 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro i<span class=\"_ _1\"></span>n rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e pos<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 f<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>ra e a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ze<span class=\"_ _1\"></span>rato il fo<span class=\"_ _1\"></span>ndo p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span> imp<span class=\"_ _1\"></span>oste di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rite p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sive p<span class=\"_ _1\"></span>er 3<span class=\"_ _1\"></span>98 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lla sval<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e dei m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Riconcilia<span class=\"_ _1\"></span>zione tra carico d\u2019<span class=\"_ _0\"></span>imposta IRES teorico ed imposte corre<span class=\"_ _1\"></span>nti effet<span class=\"_ _1\"></span>tive <span class=\"_ _2d5\"> </span><span class=\"fs32\">(migliaia di euro)<span class=\"_ _348\"> </span></span>Risultato consolidato prima delle imposte<span class=\"_ _2d6\"> </span><span class=\"fc0\">-3.705<span class=\"_ _348\"> </span></span>Aliquota d\u2019imposta applicabile per IRES<span class=\"_ _2d7\"> </span><span class=\"fc0\">24%<span class=\"_ _348\"> </span></span>Imposta IRES teorica<span class=\"_ _22f\"> </span>-889<span class=\"_ _348\"> </span>Differenze tra imposte teoriche ed effettive:<span class=\"_ _2d8\"> </span><span class=\"fc0\"> </span>Riallineamento fiscale avviamenti e marchi di manifestazione<span class=\"_ _1bb\"> </span><span class=\"fc0\">265<span class=\"_ _348\"> </span></span>Fiscalit\u00e0 estera su svalutazioni<span class=\"_ _211\"> </span><span class=\"fc0\">2.061<span class=\"_ _348\"> </span></span>Altre<span class=\"_ _2d9\"> </span><span class=\"fc0\">84<span class=\"_ _348\"> </span></span>Carico d\u2019imposta effettivo<span class=\"_ _3e\"> </span>1.521<span class=\"_ _348\"> </span>Riconcilia<span class=\"_ _1\"></span>zione tra carico d\u2019<span class=\"_ _0\"></span>imposta teoric<span class=\"_ _1\"></span>o ed effet<span class=\"_ _1\"></span>tivo ai fini IRAP<span class=\"ff6 fs2 ls3 ws3\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>EBIT<span class=\"_ _2da\"> </span><span class=\"fc0\">9.219<span class=\"_ _348\"> </span></span>Costi non rilevanti ai fini IRAP<span class=\"_ _2db\"> </span><span class=\"fc0\">45.327<span class=\"_ _348\"> </span></span>Base imponibile consolidata ai fini IRAP<span class=\"_ _1c7\"> </span><span class=\"fc0\">54.546<span class=\"_ _348\"> </span></span>Aliquota d\u2019imposta applicabile per IRAP<span class=\"_ _2dc\"> </span><span class=\"fc0\">3,9%<span class=\"_ _348\"> </span></span>Imposta IRAP teorica<span class=\"_ _2dd\"> </span>2.127<span class=\"_ _348\"> </span>Differenze tra imposte teoriche ed effettive:<span class=\"_ _2d8\"> </span><span class=\"fc0\"> </span>Effetti del cuneo fiscale<span class=\"_ _2de\"> </span><span class=\"fc0\">-1.631<span class=\"_ _348\"> </span></span>Riallineamento fiscale avviamenti e marchi di manifestazione<span class=\"_ _2df\"> </span><span class=\"fc0\">43<span class=\"_ _348\"> </span></span>Svalutazioni e accantonamenti non deducibili<span class=\"_ _1d3\"> </span><span class=\"fc0\">-5<span class=\"_ _348\"> </span></span>Carico d\u2019imposta IRAP effettivo<span class=\"_ _2e0\"> </span>534<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce Im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste sul r<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>dito in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de -<span class=\"_ _6\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>77 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (-<span class=\"_ _1\"></span>8.7<span class=\"_ _6\"></span>45 migli<span class=\"_ _1\"></span>aia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) r<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni verso par<span class=\"_ _1\"></span>ti correlate. P<span class=\"_ _0\"></span>er maggiori dettagli si rimanda alla nota 53 dedicata a<span class=\"_ _0\"></span> tali opera<span class=\"_ _1\"></span>zioni.<span class=\"_ _348\"> </span>50) Risultato netto dell\u2019<span class=\"_ _6\"></span>esercizio delle attivit\u00e0 dest<span class=\"_ _1\"></span>inate alla<span class=\"_ _0\"></span> vendita<span class=\"_ _348\"> </span>Il Ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ato ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a \u00e8 par<span class=\"_ _1\"></span>i a zer<span class=\"_ _1\"></span>o (4.600 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31<span class=\"_ _348\"> </span> dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>. Per ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>agli s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>da a<span class=\"_ _1\"></span>lla no<span class=\"_ _1\"></span>ta 1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7 \u201cIn<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>iva sull<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita\u201d<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>5<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>) Risultato netto<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>esercizio attribuibil<span class=\"_ _1\"></span>e ai<span class=\"_ _0\"></span> soci della<span class=\"_ _0\"></span> Controllante<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019util<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>nta a -<span class=\"_ _1\"></span>5.59<span class=\"_ _1\"></span>9 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to all'util<span class=\"_ _1\"></span>e di 44.<span class=\"_ _1\"></span>359 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>52) Risul<span class=\"_ _0\"></span>tato per<span class=\"_ _0\"></span> azione<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o 2022 p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta un r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di -<span class=\"_ _1\"></span>0,0782 eur<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to a 0,61<span class=\"_ _6\"></span>92 eu<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o chiu<span class=\"_ _1\"></span>so a<span class=\"_ _1\"></span>l 31<span class=\"_ _348\"> </span> dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>, dete<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nato di<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do il r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r il nu<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ro me<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>o pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rato d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i di Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span> SpA in circolazione durante l<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio. <span class=\"_ _2dd\"> </span><span class=\"ff1 fc0\">2022<span class=\"_ _6e\"> </span><span class=\"fc4\">2021<span class=\"_ _348\"> </span></span></span>Risultato (in migliaia di euro)<span class=\"_ _8e\"> </span><span class=\"fc0\">-5.599<span class=\"_ _3d\"> </span></span>44.359<span class=\"_ _348\"> </span>Numero medio di azioni in circolazione (in migliaia)<span class=\"_ _11b\"> </span><span class=\"fc0\">71.626<span class=\"_ _3d\"> </span></span>71.644<span class=\"_ _348\"> </span>Utile (Perdita) per azione base (in euro)<span class=\"_ _fd\"> </span><span class=\"fc0\">-0,0782<span class=\"_ _3d\"> </span></span>0,6192<span class=\"_ _348\"> </span>Utile (Perdita) per azione diluito (in euro)<span class=\"_ _da\"> </span><span class=\"fc0\">-0,0782<span class=\"_ _3d\"> </span></span>0,6192<span class=\"_ _348\"> </span>Il valo<span class=\"_ _1\"></span>re ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>me nu<span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>l cal<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>ll\u2019utile (<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta) b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e e del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span>uti<span class=\"_ _1\"></span>le (<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta) di<span class=\"_ _1\"></span>luito p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one \u00e8 p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> a -5.5<span class=\"_ _1\"></span>99 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 (44.359 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>)<span class=\"_ _348\"> </span>La m<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ia po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i ord<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>lco<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>ll\u2019utile (<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>ita) b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e e del<span class=\"_ _1\"></span>l\u2019utile (<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a) dil<span class=\"_ _1\"></span>uito<span class=\"_ _348\"> </span> per azione, con relativa<span class=\"_ _0\"></span> riconcilia<span class=\"_ _1\"></span>zione tra i due<span class=\"_ _0\"></span> dati, \u00e8<span class=\"_ _0\"></span> indicata nella tabella che segue:<span class=\"_ _348\"> </span>(dati in migliaia)<span class=\"_ _2e1\"> </span><span class=\"ff1 fs2 fc0\">2022<span class=\"_ _228\"> </span><span class=\"fc4\">2021<span class=\"_ _348\"> </span></span></span>Media ponderata ai fini del calcolo del risultato per azione<span class=\"_ _2e2\"> </span><span class=\"fc0\">71.626<span class=\"_ _3d\"> </span></span>71.644<span class=\"_ _348\"> </span>+ Numero di potenziali azioni emesse senza corrispettivo<span class=\"_ _60\"> </span><span class=\"fc0\"> -<span class=\"_ _1ca\"> </span></span> -<span class=\"_ _348\"> </span>Media ponderata ai fini del calcolo dell\u2019utile (perdita) diluito per azione<span class=\"_ _246\"> </span><span class=\"fc0\">71.626<span class=\"_ _3d\"> </span></span>71.644<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o non s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti em<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si s<span class=\"_ _1\"></span>tru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti, in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i pote<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne, c<span class=\"_ _1\"></span>he po<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>bbe<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span> dilui<span class=\"_ _1\"></span>re l\u2019utile b<span class=\"_ _1\"></span>ase p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e in fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>o, inol<span class=\"_ _1\"></span>tre, do<span class=\"_ _1\"></span>po la d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di chi<span class=\"_ _1\"></span>usu<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o non s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>te con<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> opera<span class=\"_ _1\"></span>zioni concernenti le azioni ordinarie o le pot<span class=\"_ _0\"></span>enziali azioni ordinarie.<span class=\"_ _348\"> </span>53) Rapport<span class=\"_ _1\"></span>i con<span class=\"_ _0\"></span> part<span class=\"_ _1\"></span>i correlate<span class=\"_ _348\"> </span>I rap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti da<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 sia n<span class=\"_ _1\"></span>ell\u2019ambito de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po ch<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>n le al<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>ti co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o di no<span class=\"_ _1\"></span>rma<span class=\"_ _348\"> </span> regolate a condizion<span class=\"_ _0\"></span>i di mercato<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>ito de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se i<span class=\"_ _1\"></span>n mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a di gover<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io, Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA h<span class=\"_ _1\"></span>a app<span class=\"_ _1\"></span>rovato in d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span> 1<span class=\"_ _0\"></span>6 giug<span class=\"_ _1\"></span>no 2021<span class=\"_ _6\"></span>, c<span class=\"_ _1\"></span>on e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in vig<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>al 1\u00b0 luglio, l\u2019<span class=\"_ _0\"></span>agg<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ura r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nte i \u201cPr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi di<span class=\"_ _348\"> </span> Com<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in m<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia di o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni c<span class=\"_ _1\"></span>on pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late\u201d<span class=\"_ _6\"></span>, c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to nel c<span class=\"_ _1\"></span>api<span class=\"_ _1\"></span>tolo d<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to al \u201cG<span class=\"_ _1\"></span>overn<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> societario e gli assetti propriet<span class=\"_ _1\"></span>ari\u201d della Relazione finanziaria annuale cui si rin<span class=\"_ _0\"></span>via.<span class=\"_ _348\"> </span> I rap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti di n<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le tr<span class=\"_ _1\"></span>a le so<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o volti a<span class=\"_ _1\"></span>lla o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e e ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e de<span class=\"_ _1\"></span>gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i event<span class=\"_ _1\"></span>i ge<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>i dal G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o. Fier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano S<span class=\"_ _1\"></span>pA pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi di ti<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>mmin<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ivo<span class=\"_ _348\"> </span> nei c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>nti di a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>te al fin<span class=\"_ _1\"></span>e di ot<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re l\u2019impi<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>e e co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>tenze p<span class=\"_ _1\"></span>rofe<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>i oltr<span class=\"_ _1\"></span>e a<span class=\"_ _348\"> </span> ser<span class=\"_ _1\"></span>vizi di comunicazione anche al fine di<span class=\"_ _0\"></span> un\u2019<span class=\"_ _6\"></span>adeguata armoniz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>immagine del Gruppo.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>te le s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llate i<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lian<span class=\"_ _1\"></span>e, ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to MA<span class=\"_ _1\"></span>DE even<span class=\"_ _1\"></span>ti Sr<span class=\"_ _1\"></span>l, in qu<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>te, han<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>olt<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> optato ai<span class=\"_ _0\"></span> fini dell\u2019Ir<span class=\"_ _0\"></span>es per il regime del \u201c<span class=\"_ _0\"></span>consolidato fiscale nazionale\u201d<span class=\"_ _6\"></span>, della durata obbligat<span class=\"_ _0\"></span>oria di tre esercizi.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>adozione del<span class=\"_ _0\"></span> consolidato fiscale consente al Gruppo Fiera Milano un indubbio<span class=\"_ _0\"></span> vantaggio economico e<span class=\"_ _348\"> </span> fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, rap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ato in pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 di uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re im<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte le pe<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>ite fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li del G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> stesso, conseguite negli esercizi d<span class=\"_ _0\"></span>i validit\u00e0 dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>opzione, in compensazione del reddito delle societ\u00e0 consolidate<span class=\"_ _0\"></span>,<span class=\"_ _348\"> </span> rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o qui<span class=\"_ _1\"></span>ndi in v<span class=\"_ _1\"></span>ia im<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>diat<span class=\"_ _1\"></span>a il r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>mio fi<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>te dal<span class=\"_ _1\"></span>l\u2019utiliz<span class=\"_ _1\"></span>zo di ta<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span> I rap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti g<span class=\"_ _1\"></span>iur<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>ci inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>i tra l<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i al co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ono d<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>ipli<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>i da un re<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to che<span class=\"_ _348\"> </span> preve<span class=\"_ _1\"></span>de, a<span class=\"_ _1\"></span>ltre<span class=\"_ _1\"></span>s\u00ec, u<span class=\"_ _1\"></span>na pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>nifo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r un c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>to ad<span class=\"_ _1\"></span>emp<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>gli o<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ligh<span class=\"_ _1\"></span>i fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i e del<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>nne<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> responsabilit\u00e0<span class=\"_ _0\"></span> delle<span class=\"_ _0\"></span> societ\u00e0 partecipanti<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Nei p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di st<span class=\"_ _1\"></span>ato pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e e di co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co g<span class=\"_ _1\"></span>li am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni o tr<span class=\"_ _1\"></span>ans<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>on pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late, s<span class=\"_ _1\"></span>e sig<span class=\"_ _1\"></span>nifi<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ive, so<span class=\"_ _1\"></span>no evi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ziate di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte da<span class=\"_ _1\"></span>lle voc<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po te<span class=\"_ _1\"></span>nuto c<span class=\"_ _1\"></span>onto<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>are c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tite pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>iali e<span class=\"_ _1\"></span>d e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e ha r<span class=\"_ _1\"></span>iten<span class=\"_ _1\"></span>uto di in<span class=\"_ _1\"></span>divi<span class=\"_ _1\"></span>dua<span class=\"_ _1\"></span>re in 2 m<span class=\"_ _1\"></span>ilio<span class=\"_ _1\"></span>ni di<span class=\"_ _348\"> </span> eur<span class=\"_ _1\"></span>o la so<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>a di si<span class=\"_ _1\"></span>gnifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er l\u2019indi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>ali e in 1 m<span class=\"_ _1\"></span>ilio<span class=\"_ _1\"></span>ne di e<span class=\"_ _1\"></span>uro p<span class=\"_ _1\"></span>er g<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span> impor<span class=\"_ _1\"></span>ti di natura<span class=\"_ _0\"></span> economic<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>Con riferimento alle parti correlate, nel seguito<span class=\"_ _0\"></span> si forniscono informazioni di dettaglio sulle operazioni realizz<span class=\"_ _1\"></span>ate,<span class=\"_ _0\"></span> suddividendole tra \u201cRappor<span class=\"_ _1\"></span>ti con la Controllant<span class=\"_ _0\"></span>e Fondazione Fiera Milano<span class=\"_ _0\"></span>\u201d<span class=\"_ _6\"></span>, \u201cRappor<span class=\"_ _1\"></span>ti con Societ\u00e0 collegate e<span class=\"_ _348\"> </span> joint vent<span class=\"_ _1\"></span>ure<span class=\"ff6 ls3 ws3\">\u201d e \u201cR<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on al<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>late\u201d<span class=\"_ _348\"> </span></span>Rappor<span class=\"_ _1\"></span>ti con<span class=\"_ _0\"></span> la Controllante<span class=\"_ _0\"></span> Fondazione F<span class=\"_ _0\"></span>iera Milano<span class=\"_ _348\"> </span>I rap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti di t<span class=\"_ _1\"></span>ipo r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>epi<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>l se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito.<span class=\"_ _348\"> </span>I. Contratti di locazione<span class=\"_ _0\"></span> immobiliare con<span class=\"_ _0\"></span> Fiera Milano<span class=\"_ _0\"></span> SpA<span class=\"_ _348\"> </span>Com<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sto in se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito in da<span class=\"_ _1\"></span>ta 31 mar<span class=\"_ _1\"></span>zo 201<span class=\"_ _6\"></span>4 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>i stip<span class=\"_ _1\"></span>ula<span class=\"_ _1\"></span>ti i nuovi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>olo fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ico<span class=\"_ _348\"> </span> di Rh<span class=\"_ _1\"></span>o e di Mila<span class=\"_ _1\"></span>no. T<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti ha<span class=\"_ _1\"></span>nno av<span class=\"_ _1\"></span>uto ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do se<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>re 201<span class=\"_ _6\"></span>4.<span class=\"_ _348\"> </span>In data 1<span class=\"_ _6\"></span>8 gennaio 2003, Fiera Milano<span class=\"_ _0\"></span> SpA av<span class=\"_ _0\"></span>eva<span class=\"_ _0\"></span> stipulato con F<span class=\"_ _0\"></span>ondazione Fiera Milano un contratto di locazione<span class=\"_ _348\"> </span> rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nte il Q<span class=\"_ _1\"></span>uar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>re Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o di Rh<span class=\"_ _1\"></span>o. Nel me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>mo co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to er<span class=\"_ _1\"></span>a st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>finito il c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r la lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span> Polo Ur<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>no, co<span class=\"_ _1\"></span>n alli<span class=\"_ _1\"></span>nea<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i dec<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r i Qu<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>ri Es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivi d<span class=\"_ _1\"></span>al 1<span class=\"_ _0\"></span>\u00b0 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6.<span class=\"_ _348\"> </span>Il ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r la dis<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta e<span class=\"_ _1\"></span>ra ini<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>to ent<span class=\"_ _1\"></span>ro 1<span class=\"_ _0\"></span>8 me<span class=\"_ _1\"></span>si da<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za d<span class=\"_ _1\"></span>el 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 201<span class=\"_ _6\"></span>4. In dat<span class=\"_ _1\"></span>a 31<span class=\"_ _348\"> </span> mar<span class=\"_ _1\"></span>zo 201<span class=\"_ _6\"></span>4 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti stip<span class=\"_ _1\"></span>ula<span class=\"_ _1\"></span>ti i nu<span class=\"_ _1\"></span>ovi con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei Q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i Fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i. I nuovi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span> preve<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>mbi u<span class=\"_ _1\"></span>na du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta di 9 a<span class=\"_ _1\"></span>nni a d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>l 1<span class=\"_ _6\"></span>\u00b0 l<span class=\"_ _1\"></span>ugl<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>4 (p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sua<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ntic<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span> dei c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i in vig<span class=\"_ _1\"></span>ore, l<span class=\"_ _1\"></span>a cui s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza e<span class=\"_ _1\"></span>ra p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 201<span class=\"_ _6\"></span>4) e sono r<span class=\"_ _1\"></span>inn<span class=\"_ _1\"></span>ovabil<span class=\"_ _1\"></span>i autom<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r ulte<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>ri 9 a<span class=\"_ _1\"></span>nni.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del Q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o di R<span class=\"_ _1\"></span>ho, ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ente c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to le c<span class=\"_ _1\"></span>ui<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>dizi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>he ha<span class=\"_ _1\"></span>nno av<span class=\"_ _1\"></span>uto vali<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>\u00e0 fino a<span class=\"_ _1\"></span>l 30 gi<span class=\"_ _1\"></span>ugn<span class=\"_ _1\"></span>o 201<span class=\"_ _6\"></span>4, \u00e8 sta<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a una r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one di 2.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro ne<span class=\"_ _1\"></span>l se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo s<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 201<span class=\"_ _6\"></span>4 e di 1<span class=\"_ _0\"></span>4.00<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r an<span class=\"_ _1\"></span>no da<span class=\"_ _1\"></span>l 201<span class=\"_ _6\"></span>5 e<span class=\"_ _348\"> </span> pe<span class=\"_ _1\"></span>r gli a<span class=\"_ _1\"></span>nni su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi. Il c<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span>ne di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato in 24.400 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r il se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo s<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre<span class=\"_ _348\"> </span> 201<span class=\"_ _6\"></span>4 e in 38.8<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>nno d<span class=\"_ _1\"></span>al 201<span class=\"_ _0\"></span>5 e per g<span class=\"_ _1\"></span>li an<span class=\"_ _1\"></span>ni su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi, ag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>rna<span class=\"_ _1\"></span>to ann<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> del 100% dell<span class=\"_ _1\"></span>a vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019indic<span class=\"_ _1\"></span>e IST<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span>T de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zi al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sum<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le fa<span class=\"_ _1\"></span>mig<span class=\"_ _1\"></span>lie di o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>i e imp<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>gati.<span class=\"_ _348\"> </span>Con riferimento al P<span class=\"_ _0\"></span>olo Urbano, le<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>ti, con il<span class=\"_ _0\"></span> rinnovo dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>anno 201<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>, hanno inizialment<span class=\"_ _0\"></span>e concordato di<span class=\"_ _348\"> </span> confermare il canone di locazione, pari a 2<span class=\"_ _0\"></span>.850 migliaia<span class=\"_ _0\"></span> di euro per anno,<span class=\"_ _0\"></span> aggiornato annualmente sulla<span class=\"_ _0\"></span> base<span class=\"_ _348\"> </span> del 100% dell<span class=\"_ _1\"></span>a vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019indic<span class=\"_ _1\"></span>e IST<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>. Su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vame<span class=\"_ _1\"></span>nte, in d<span class=\"_ _1\"></span>ata 8 m<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>gio 201<span class=\"_ _0\"></span>9 Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>ano h<span class=\"_ _1\"></span>a ra<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>unto<span class=\"_ _348\"> </span> un ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdo m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ativo di t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e che, c<span class=\"_ _1\"></span>on ef<span class=\"_ _7\"></span>fic<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>a a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 1\u00b0 giugno 201<span class=\"_ _0\"></span>9, ha prev<span class=\"_ _1\"></span>isto u<span class=\"_ _1\"></span>na ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> di 1<span class=\"_ _6\"></span>.500 migliaia di euro<span class=\"_ _0\"></span> all\u2019<span class=\"_ _6\"></span>anno, nonch\u00e9 l\u2019<span class=\"_ _6\"></span>esclusione dalla locazione di talune aree del polo fieristico di M<span class=\"_ _0\"></span>ilano<span class=\"_ _348\"> </span> principalmente adibite<span class=\"_ _0\"></span> a parcheggio. A front<span class=\"_ _0\"></span>e della predetta riduzione del canone di locazione, a partire dal 1<span class=\"_ _6\"></span>\u00b0<span class=\"_ _348\"> </span> giugno 20<span class=\"_ _6\"></span>19<span class=\"_ _6\"></span>, Fiera Milano corrispo<span class=\"_ _1\"></span>nde a F<span class=\"_ _0\"></span>onda<span class=\"_ _1\"></span>zione Fiera Milano<span class=\"_ _0\"></span>, in quattro rate<span class=\"_ _0\"></span> trimestrali anticipate,<span class=\"_ _0\"></span> un canone<span class=\"_ _348\"> </span> di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>o pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>.4<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro, in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zato a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0% della va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019indic<span class=\"_ _1\"></span>e IST<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>La m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di loc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>itui<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e una m<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a sos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>le di<span class=\"_ _348\"> </span> un\u2019<span class=\"_ _6\"></span>O<span class=\"_ _1\"></span>pera<span class=\"_ _1\"></span>zione di Maggiore Rile<span class=\"_ _0\"></span>vanza tra parti correlate. Pertanto, l<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione \u00e8 stata approvata in<span class=\"_ _0\"></span> data 8<span class=\"_ _348\"> </span> mag<span class=\"_ _1\"></span>gio 201<span class=\"_ _0\"></span>9 - ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>lo 9.<span class=\"_ _6\"></span>1 dell<span class=\"_ _1\"></span>a Proc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a Par<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i Cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late - da<span class=\"_ _1\"></span>l Co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>o di Am<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ella<span class=\"_ _348\"> </span> Soc<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, prev<span class=\"_ _1\"></span>io ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l par<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e moti<span class=\"_ _1\"></span>vato favorevol<span class=\"_ _1\"></span>e del C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>to Con<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo Ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi e So<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>a 7<span class=\"_ _348\"> </span> mag<span class=\"_ _1\"></span>gio 201<span class=\"_ _0\"></span>9. Nei te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ni di le<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>e, \u00e8 st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ato e me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so a di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>o pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so la s<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span> e la se<span class=\"_ _1\"></span>de o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>iva e am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va di Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o, sul si<span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>t e sul m<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>mo di s<span class=\"_ _1\"></span>toc<span class=\"_ _1\"></span>cag<span class=\"_ _1\"></span>gio a<span class=\"_ _1\"></span>utor<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato,<span class=\"_ _348\"> </span> un Do<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to Infor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tivo re<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>ell\u2019ar<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>olo 10.2 de<span class=\"_ _1\"></span>lla Pro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>ra Pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti C<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ate e de<span class=\"_ _1\"></span>l Reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> Con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>b n. 1<span class=\"_ _6\"></span>7221<span class=\"_ _6\"></span>/201<span class=\"_ _0\"></span>0. Con p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ard<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>a su<span class=\"_ _1\"></span>dde<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>, si r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ord<span class=\"_ _1\"></span>a ch<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o \u00e8 una<span class=\"_ _348\"> </span> soc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>ta di mi<span class=\"_ _1\"></span>nor<span class=\"_ _1\"></span>i dim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni e, in q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to tal<span class=\"_ _1\"></span>e, be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>a dell<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>ell\u2019ar<span class=\"_ _1\"></span>t. 10,<span class=\"_ _348\"> </span> com<span class=\"_ _1\"></span>ma 1<span class=\"_ _0\"></span>, de<span class=\"_ _1\"></span>l Reg<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto Co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ob 1<span class=\"_ _6\"></span>7221<span class=\"_ _0\"></span>/201<span class=\"_ _6\"></span>0.<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 30 lu<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>o 2021 \u00e8 sta<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to l\u2019<span class=\"_ _0\"></span>acc<span class=\"_ _1\"></span>ord<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n il qu<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po h<span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o in s<span class=\"_ _1\"></span>ubl<span class=\"_ _1\"></span>oca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e a<span class=\"_ _348\"> </span> Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si il Pol<span class=\"_ _1\"></span>o Inter<span class=\"_ _1\"></span>no (<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>digl<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i 3 e 4).<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>5 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no, in qua<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>tore d<span class=\"_ _1\"></span>el qu<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>re fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>co di R<span class=\"_ _1\"></span>ho (M<span class=\"_ _1\"></span>I), e la<span class=\"_ _348\"> </span> Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po, in qu<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>gli a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>et in<span class=\"_ _1\"></span>fra<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ali di p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pri<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 di Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no, han<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span> integrato l<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acco<span class=\"_ _1\"></span>rdo relativo<span class=\"_ _0\"></span> alla locazione degli spazi espositivi, ricomprende<span class=\"_ _1\"></span>ndo tra gli<span class=\"_ _0\"></span> immobili oggetto del Contratto<span class=\"_ _348\"> </span> un complesso immobiliare di propriet\u00e0 di F<span class=\"_ _0\"></span>onda<span class=\"_ _1\"></span>zione Fiera Milano<span class=\"_ _0\"></span>, costituito<span class=\"_ _0\"></span> dal magaz<span class=\"_ _1\"></span>zino sito in<span class=\"_ _0\"></span> Rho (MI).<span class=\"_ _0\"></span> Il<span class=\"_ _348\"> </span> Mag<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ino, co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>epi<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r favor<span class=\"_ _1\"></span>ire l\u2019<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>re pe<span class=\"_ _1\"></span>r la g<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di a<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to a se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vizi<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> di Nol<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nd - so<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nel b<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li all<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>time<span class=\"_ _1\"></span>nti fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tici - ve<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so in<span class=\"_ _1\"></span> subloca<span class=\"_ _1\"></span>zione a quest\u2019<span class=\"_ _0\"></span>ultima da parte di Fiera M<span class=\"_ _0\"></span>ilano, a f<span class=\"_ _0\"></span>ar data dal 1<span class=\"_ _6\"></span>\u00b0 gennaio 2023.<span class=\"_ _0\"></span> Viene, di conseguenza<span class=\"_ _1\"></span>, rimodulato<span class=\"_ _348\"> </span> il canone di locazione previsto<span class=\"_ _0\"></span> dal Contratto, aumentandone l\u2019<span class=\"_ _6\"></span>impor<span class=\"_ _1\"></span>to di complessive 450 migl<span class=\"_ _0\"></span>iaia di euro annue.<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>l su<span class=\"_ _1\"></span>dde<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tto s<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>lifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>no co<span class=\"_ _1\"></span>me O<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i Mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>re Ril<span class=\"_ _1\"></span>evanz<span class=\"_ _1\"></span>a tr<span class=\"_ _1\"></span>a par<span class=\"_ _7\"></span>ti co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ate,<span class=\"_ _348\"> </span> costituendo una modifica di un<span class=\"_ _6\"></span>'Opera<span class=\"_ _1\"></span>zione di Maggiore Rile<span class=\"_ _0\"></span>vanza tra parti correlate<span class=\"_ _348\"> </span>A conferma delle condizioni<span class=\"_ _0\"></span> di mercato applicate,<span class=\"_ _0\"></span> i canoni di locazione sono stati det<span class=\"_ _0\"></span>erminati dalle par<span class=\"_ _1\"></span>ti anche<span class=\"_ _348\"> </span> tene<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>to deg<span class=\"_ _1\"></span>li el<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ora<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>li re<span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>ti p<span class=\"_ _1\"></span>er F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano S<span class=\"_ _1\"></span>pA da u<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to in<span class=\"_ _1\"></span>dipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ente<span class=\"_ _348\"> </span>Con e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>a a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e dal s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>do tr<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>re 2020, a<span class=\"_ _1\"></span>lla lu<span class=\"_ _1\"></span>ce de<span class=\"_ _1\"></span>l gr<span class=\"_ _1\"></span>ave impa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to pro<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>to da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span> Covid<span class=\"_ _1\"></span>-<span class=\"_ _6\"></span>19<span class=\"_ _0\"></span>, Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o ha c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so l<span class=\"_ _1\"></span>a mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca tem<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nea d<span class=\"_ _1\"></span>ei te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ni di p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> ent<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mbi i C<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>i Loc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne p<span class=\"_ _1\"></span>er gl<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>i 2020, 2021 e 2022 in m<span class=\"_ _1\"></span>odo c<span class=\"_ _1\"></span>he il p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto veng<span class=\"_ _1\"></span>a ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuato c<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span> frequenza trimestra<span class=\"_ _1\"></span>le posticipata, anzich\u00e9 trimestrale anticipata.<span class=\"_ _348\"> </span>II. Contratto di<span class=\"_ _0\"></span> locazione immobiliare<span class=\"_ _0\"></span> con F<span class=\"_ _0\"></span>iera Milano Con<span class=\"_ _0\"></span>gressi SpA<span class=\"_ _348\"> </span>In data 2<span class=\"_ _6\"></span>4 gennaio 2000, Fondazione Fiera Milano ha st<span class=\"_ _0\"></span>ipulato con Fiera M<span class=\"_ _0\"></span>ilano Congressi SpA un contratto,<span class=\"_ _348\"> </span> avente du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a fino a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 201<span class=\"_ _6\"></span>2, rela<span class=\"_ _1\"></span>tivo al<span class=\"_ _1\"></span>la dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 di pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>ex Pa<span class=\"_ _1\"></span>digl<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e n.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7 all\u2019inter<span class=\"_ _1\"></span>no de<span class=\"_ _1\"></span>l Polo<span class=\"_ _348\"> </span> Urb<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o. In dat<span class=\"_ _1\"></span>a 1<span class=\"_ _6\"></span>5 m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>zo 20<span class=\"_ _1\"></span>05 t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to \u00e8 sta<span class=\"_ _1\"></span>to agg<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>to per te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>amp<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del c<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tro<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si. Il nu<span class=\"_ _1\"></span>ovo acc<span class=\"_ _1\"></span>ord<span class=\"_ _1\"></span>o tra Fo<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o e Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si Sp<span class=\"_ _1\"></span>A preve<span class=\"_ _1\"></span>deva la s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _348\"> </span> in dat<span class=\"_ _1\"></span>a 30 g<span class=\"_ _1\"></span>iug<span class=\"_ _1\"></span>no 201<span class=\"_ _6\"></span>1 rinnovab<span class=\"_ _1\"></span>ile fi<span class=\"_ _1\"></span>no al 3<span class=\"_ _1\"></span>0 giu<span class=\"_ _1\"></span>gno 201<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>. Con le<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ta 9 fe<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>6, Fo<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e non<span class=\"_ _348\"> </span> ha es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ato la d<span class=\"_ _1\"></span>isd<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so e<span class=\"_ _1\"></span>ntro il 3<span class=\"_ _1\"></span>0 giu<span class=\"_ _1\"></span>gno 201<span class=\"_ _0\"></span>6, pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto, il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to si \u00e8 a<span class=\"_ _1\"></span>utom<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>cam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> rin<span class=\"_ _1\"></span>novato fino a<span class=\"_ _1\"></span>l 30 g<span class=\"_ _1\"></span>iug<span class=\"_ _1\"></span>no 2023.<span class=\"_ _348\"> </span>Nel<span class=\"_ _1\"></span>la co<span class=\"_ _1\"></span>nvenzi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re Fie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no Co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si S<span class=\"_ _1\"></span>pA co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nde u<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>so a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>o par<span class=\"_ _1\"></span>i a 350 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> di eu<span class=\"_ _1\"></span>ro (riva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ato a<span class=\"_ _1\"></span>nnua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente de<span class=\"_ _1\"></span>ll\u2019IST<span class=\"_ _0\"></span>A<span class=\"_ _6\"></span>T<span class=\"_ _7\"></span>) cui s<span class=\"_ _1\"></span>i ag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>ge u<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile de<span class=\"_ _1\"></span>l 5<span class=\"_ _0\"></span>% sul<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za de<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>cavi<span class=\"_ _348\"> </span> ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to ad una s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>lia mi<span class=\"_ _1\"></span>nima d<span class=\"_ _1\"></span>i fat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>rato g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato sul<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>a in lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one.<span class=\"_ _348\"> </span>Con riguardo alla locazione dei padiglioni 5<span class=\"_ _0\"></span> e 6 all\u2019<span class=\"_ _6\"></span>interno del Polo Urbano<span class=\"_ _0\"></span>, in data 1<span class=\"_ _6\"></span>8 maggio 2<span class=\"_ _0\"></span>00<span class=\"_ _1\"></span>9, F<span class=\"_ _0\"></span>ondazione<span class=\"_ _348\"> </span> Fiera Milano ha sti<span class=\"_ _0\"></span>pulato con Fiera Mi<span class=\"_ _0\"></span>lano Congress<span class=\"_ _1\"></span>i SpA un<span class=\"_ _0\"></span> contrat<span class=\"_ _1\"></span>to preliminare<span class=\"_ _0\"></span> riguardante la costruzione del<span class=\"_ _348\"> </span> nuovo ce<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si in<span class=\"_ _1\"></span>aug<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ato nel m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e di ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>o 201<span class=\"_ _6\"></span>1 che, inte<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>to con l<span class=\"_ _1\"></span>e are<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i del Pa<span class=\"_ _1\"></span>digl<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> 1<span class=\"_ _6\"></span>7<span class=\"_ _4\"></span>, \u00e8 stato denominat<span class=\"_ _0\"></span>o MiCo - Milano<span class=\"_ _0\"></span> Congres<span class=\"_ _1\"></span>si. Il<span class=\"_ _0\"></span> contrat<span class=\"_ _1\"></span>to definit<span class=\"_ _0\"></span>ivo di<span class=\"_ _0\"></span> loca<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>area denominata \u201cSouth<span class=\"_ _348\"> </span> Win<span class=\"_ _1\"></span>g\u201d (ex padig<span class=\"_ _1\"></span>lion<span class=\"_ _1\"></span>i 5 e 6) de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre d<span class=\"_ _1\"></span>al 1\u00b0 maggio 201<span class=\"_ _6\"></span>1 con d<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>ta di n<span class=\"_ _1\"></span>ove anni, a<span class=\"_ _1\"></span>utom<span class=\"_ _1\"></span>atic<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te rinn<span class=\"_ _1\"></span>ovato pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span> un ul<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>ore p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di n<span class=\"_ _1\"></span>ove anni s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>vo disd<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>a una d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti. Il c<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span>ne a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>o di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a r<span class=\"_ _1\"></span>egi<span class=\"_ _1\"></span>me \u00e8 st<span class=\"_ _1\"></span>ato<span class=\"_ _348\"> </span> defi<span class=\"_ _1\"></span>nito in u<span class=\"_ _1\"></span>na qu<span class=\"_ _1\"></span>ota fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>ri a 3.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro o<span class=\"_ _1\"></span>ltre a u<span class=\"_ _1\"></span>na qu<span class=\"_ _1\"></span>ota va<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l 5<span class=\"_ _0\"></span>% del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _348\"> </span> del f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ato re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ato da F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano C<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i SpA s<span class=\"_ _1\"></span>ull\u2019area in o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r i sol<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>di di b<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>ss p<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> 201<span class=\"_ _4\"></span>1/201<span class=\"_ _6\"></span>4. Il can<span class=\"_ _1\"></span>one \u00e8 a<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>nato an<span class=\"_ _1\"></span>nua<span class=\"_ _1\"></span>lm<span class=\"_ _1\"></span>ente in m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i al 100% della va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019indic<span class=\"_ _1\"></span>e IST<span class=\"_ _6\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _6\"></span>, re<span class=\"_ _1\"></span>gis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> nell\u2019anno p<span class=\"_ _1\"></span>rec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>te. Nel<span class=\"_ _1\"></span>lo ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to \u00e8 st<span class=\"_ _1\"></span>ata p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a la ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>one di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a re<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i<span class=\"_ _348\"> </span> pr<span class=\"_ _1\"></span>imi qu<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tro a<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>i. In pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>are, \u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>to il ca<span class=\"_ _1\"></span>non<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>mo an<span class=\"_ _1\"></span>no di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ri a 750 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span> eur<span class=\"_ _1\"></span>o e di au<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re ta<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span>ne di 750 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro n<span class=\"_ _1\"></span>ei s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi tr<span class=\"_ _1\"></span>e ann<span class=\"_ _1\"></span>i fino a<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>ggiu<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la qu<span class=\"_ _1\"></span>ota<span class=\"_ _348\"> </span> fis<span class=\"_ _1\"></span>sa de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>ne a re<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ri a 3.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro. A se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito del r<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>giu<span class=\"_ _1\"></span>ngim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a quot<span class=\"_ _1\"></span>a fis<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a a reg<span class=\"_ _1\"></span>ime<span class=\"_ _348\"> </span> non \u00e8 p<span class=\"_ _1\"></span>i\u00f9 dovu<span class=\"_ _1\"></span>to a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio 201<span class=\"_ _6\"></span>5 a<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>un ca<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>ne var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bile.<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 30 lu<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>o 2021 \u00e8 sta<span class=\"_ _1\"></span>to sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to l\u2019<span class=\"_ _0\"></span>acc<span class=\"_ _1\"></span>ord<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n il qu<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po h<span class=\"_ _1\"></span>a con<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o in s<span class=\"_ _1\"></span>ubl<span class=\"_ _1\"></span>oca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e a<span class=\"_ _348\"> </span> Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si il Pol<span class=\"_ _1\"></span>o Inter<span class=\"_ _1\"></span>no (<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>digl<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i 3 e 4) ai fini c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li. Il pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to avr<span class=\"_ _1\"></span>\u00e0 dur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span> sei a<span class=\"_ _1\"></span>nni a f<span class=\"_ _1\"></span>ar d<span class=\"_ _1\"></span>ata 1\u00b0 set<span class=\"_ _1\"></span>temb<span class=\"_ _1\"></span>re 2021 e si in<span class=\"_ _1\"></span>tend<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>\u00e0 auto<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ri<span class=\"_ _1\"></span>nnovato al<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>i sei a<span class=\"_ _1\"></span>nni s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>vo il ca<span class=\"_ _1\"></span>so in c<span class=\"_ _1\"></span>ui<span class=\"_ _348\"> </span> sop<span class=\"_ _1\"></span>rav<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>nga d<span class=\"_ _1\"></span>isd<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>altr<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te, a me<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zo di let<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ra r<span class=\"_ _1\"></span>acc<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>o 1<span class=\"_ _0\"></span>8 mes<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ima d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> scadenza rispet<span class=\"_ _1\"></span>to a ciascuna scadenza contrattuale.<span class=\"_ _348\"> </span>Alla luce della situazione emergenziale legata alla Pandemia Co<span class=\"_ _0\"></span>vid-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9 che, di fatto,<span class=\"_ _0\"></span> ha compor<span class=\"_ _1\"></span>tato per cause di<span class=\"_ _348\"> </span> for<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>re la s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 del s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sua<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>er u<span class=\"_ _1\"></span>n pro<span class=\"_ _1\"></span>lun<span class=\"_ _1\"></span>gato p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di tem<span class=\"_ _1\"></span>po, le pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span> han<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>dato l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>tens<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e a tut<span class=\"_ _1\"></span>to il 20<span class=\"_ _1\"></span>21 e 2022 del re<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>me di pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>le ra<span class=\"_ _1\"></span>te tri<span class=\"_ _1\"></span>mes<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>ei<span class=\"_ _348\"> </span> ca<span class=\"_ _1\"></span>noni p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>ai C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>i Loc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne gi<span class=\"_ _1\"></span>\u00e0 conve<span class=\"_ _1\"></span>nuto p<span class=\"_ _1\"></span>er il 20<span class=\"_ _1\"></span>20.<span class=\"_ _348\"> </span>III.<span class=\"_ _0\"></span> Liquidazione I<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>A di<span class=\"_ _0\"></span> Gruppo<span class=\"_ _348\"> </span>Avval<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>dos<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>lla fa<span class=\"_ _1\"></span>col<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a dal D<span class=\"_ _1\"></span>PR 63<span class=\"_ _1\"></span>3/<span class=\"_ _1\"></span>72, il Grup<span class=\"_ _1\"></span>po h<span class=\"_ _1\"></span>a ade<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to all<span class=\"_ _1\"></span>a pro<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>dur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>, ge<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>lla C<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ante<span class=\"_ _348\"> </span> Fond<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, rel<span class=\"_ _1\"></span>ativa a<span class=\"_ _1\"></span>lla li<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one di g<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o dell\u2019I<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>. T<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>le me<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>o re<span class=\"_ _1\"></span>nde p<span class=\"_ _1\"></span>i\u00f9 ag<span class=\"_ _1\"></span>evole l\u2019<span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lvi<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> dell\u2019<span class=\"_ _6\"></span>obbligo tributario, senza compor<span class=\"_ _1\"></span>tare alcun onere aggiuntivo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>IV<span class=\"_ _6\"></span>. Consolidato<span class=\"_ _0\"></span> fiscale di<span class=\"_ _0\"></span> Gruppo con la<span class=\"_ _0\"></span> Controllante F<span class=\"_ _0\"></span>ondazione Fiera<span class=\"_ _0\"></span> Milano<span class=\"_ _348\"> </span>Nell\u2019<span class=\"_ _6\"></span>esercizio 20<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>6, Fiera Milano SpA e<span class=\"_ _0\"></span> alcune societ\u00e0 controllate italiane non hanno<span class=\"_ _0\"></span> rinnovat<span class=\"_ _0\"></span>o l\u2019<span class=\"_ _6\"></span>opzione per il<span class=\"_ _0\"></span> consolidato fiscale di Fiera Mi<span class=\"_ _0\"></span>lano SpA e hanno in<span class=\"_ _0\"></span>vece esercitato l\u2019<span class=\"_ _6\"></span>opzione<span class=\"_ _0\"></span> per l\u2019<span class=\"_ _6\"></span>adesione al consolidato fiscale<span class=\"_ _348\"> </span> di Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no in qu<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>soli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nte. L<span class=\"_ _4\"></span>\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzio<span class=\"_ _1\"></span>ne \u00e8 st<span class=\"_ _1\"></span>ata r<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>novata p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l tri<span class=\"_ _1\"></span>enn<span class=\"_ _1\"></span>io 2022,<span class=\"_ _348\"> </span> 2023 e 20<span class=\"_ _1\"></span>24<span class=\"_ _348\"> </span>Il Regolamento adottato del<span class=\"_ _0\"></span> Consolidato fiscale di F<span class=\"_ _0\"></span>onda<span class=\"_ _1\"></span>zione Fiera Milano<span class=\"_ _0\"></span>, prev<span class=\"_ _0\"></span>ede che le perdite fiscali delle<span class=\"_ _0\"></span> societ\u00e0 consolidate, prodotte in<span class=\"_ _0\"></span> ciascun ese<span class=\"_ _1\"></span>rcizio di<span class=\"_ _0\"></span> validit\u00e0 dell\u2019<span class=\"_ _6\"></span>opzione<span class=\"_ _0\"></span>, siano utilizzate in<span class=\"_ _0\"></span> compens<span class=\"_ _1\"></span>azione degli<span class=\"_ _348\"> </span> imponibili positivi delle<span class=\"_ _0\"></span> societ\u00e0 par<span class=\"_ _1\"></span>tecipanti al consolidato fiscale formatisi nello<span class=\"_ _0\"></span> stesso esercizio, dopo che sono<span class=\"_ _0\"></span> state<span class=\"_ _0\"></span> computate<span class=\"_ _0\"></span> le perdi<span class=\"_ _0\"></span>te fiscal<span class=\"_ _0\"></span>i di F<span class=\"_ _0\"></span>iera Mil<span class=\"_ _0\"></span>ano SpA<span class=\"_ _0\"></span> e della<span class=\"_ _0\"></span> societ\u00e0 consol<span class=\"_ _0\"></span>idante<span class=\"_ _6\"></span>; le perdit<span class=\"_ _0\"></span>e fiscali<span class=\"_ _0\"></span> delle socie<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _348\"> </span> consolidate sono remunerate nei<span class=\"_ _0\"></span> limiti dell\u2019<span class=\"_ _6\"></span>effettivo vantaggio conseguito dal<span class=\"_ _0\"></span> consolidato fiscale.<span class=\"_ _348\"> </span>V<span class=\"_ _6\"></span>. Contratto di f<span class=\"_ _0\"></span>ornitura di servizi<span class=\"_ _348\"> </span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA ha i<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n Fond<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ilan<span class=\"_ _1\"></span>o un c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a<span class=\"_ _1\"></span>nnua<span class=\"_ _1\"></span>le p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a rec<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vizi, r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i opp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tuni o n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i dal<span class=\"_ _1\"></span>lo svolg<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lle r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tive a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>. Il co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to \u00e8 rin<span class=\"_ _1\"></span>novab<span class=\"_ _1\"></span>ile di a<span class=\"_ _1\"></span>nno i<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> anno previo accordo scritto tra le parti.<span class=\"_ _348\"> </span>Il co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to preve<span class=\"_ _1\"></span>de la fo<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>itu<span class=\"_ _1\"></span>ra di d<span class=\"_ _1\"></span>ue tip<span class=\"_ _1\"></span>olo<span class=\"_ _1\"></span>gie d<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>viz<span class=\"_ _1\"></span>i: <span class=\"ff12 ls37 wsa0\">(i)</span> ser<span class=\"_ _7\"></span>vizi di c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>re ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>le, ri<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>nti ne<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 del s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>he li fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e, re<span class=\"_ _1\"></span>si al c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nte su ba<span class=\"_ _1\"></span>se c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>ativa e si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>mati<span class=\"_ _1\"></span>ca; <span class=\"ff12 ls37 wsa0\">(<span class=\"_ _1\"></span>ii)</span><span class=\"ls38 ws165\"> ser<span class=\"_ _1\"></span>vizi<span class=\"_ _348\"> </span></span><span class=\"ls38 ws165\"> </span>spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici, o<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ia s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>u ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a e re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 sp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>che d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nco<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>re di vo<span class=\"_ _1\"></span>lta i<span class=\"_ _1\"></span>n volt<span class=\"_ _1\"></span>a tra<span class=\"_ _348\"> </span> sog<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nte e so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to for<span class=\"_ _1\"></span>nitor<span class=\"_ _1\"></span>e, an<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>ulla b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e di of<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>/preven<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti. Il co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi \u00e8 re<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>ato a co<span class=\"_ _1\"></span>ndiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i di me<span class=\"_ _1\"></span>rca<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span> VI<span class=\"_ _1\"></span>. Co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>i l<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a d\u2019u<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>l ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>o Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a M<span class=\"_ _1\"></span>il<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>In data 1<span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> dicembre 2001<span class=\"_ _6\"></span>, Fondazione Fiera Milano<span class=\"_ _0\"></span>, quale proprietario del marchio \u201cFiera Milano<span class=\"_ _0\"></span>\u201d ha concesso<span class=\"_ _348\"> </span> a Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA un<span class=\"_ _1\"></span>a lic<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za d\u2019uso, in e<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>iva, d<span class=\"_ _1\"></span>el ci<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to mar<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>o al fin<span class=\"_ _1\"></span>e di co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>add<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>re la p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ria<span class=\"_ _348\"> </span> at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _1\"></span>, an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>nte l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so su<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>ta in<span class=\"_ _1\"></span>test<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a, s<span class=\"_ _1\"></span>ulle p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pri<span class=\"_ _1\"></span>e pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> com<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ale n<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ch\u00e9 p<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rad<span class=\"_ _1\"></span>dis<span class=\"_ _1\"></span>tin<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>re le p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie se<span class=\"_ _1\"></span>di e<span class=\"_ _1\"></span>d uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>ci. L<span class=\"_ _1\"></span>a lic<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l ter<span class=\"_ _1\"></span>rito<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> ita<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>no e p<span class=\"_ _1\"></span>er tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti i Pae<span class=\"_ _1\"></span>si e le c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i dove il ma<span class=\"_ _1\"></span>rch<span class=\"_ _1\"></span>io \u00e8 st<span class=\"_ _1\"></span>ato o sa<span class=\"_ _1\"></span>r\u00e0 d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to o reg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rato.<span class=\"_ _348\"> </span>Il co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo simb<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>co c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sto da Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano S<span class=\"_ _1\"></span>pA a Fon<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Fie<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no \u00e8 pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>d eu<span class=\"_ _1\"></span>ro 1<span class=\"_ _0\"></span>. Fonda<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o, in qua<span class=\"_ _1\"></span>nto so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to che h<span class=\"_ _1\"></span>a nel p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o sc<span class=\"_ _1\"></span>opo s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le lo svi<span class=\"_ _1\"></span>lupp<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>co, ha in<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> mantenere nella propria tit<span class=\"_ _0\"></span>olarit\u00e0 il marchio Fiera Milano non includendolo nel<span class=\"_ _0\"></span> ramo d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>zienda \u201cGestione<span class=\"_ _348\"> </span> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ica\u201d c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to all<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po n<span class=\"_ _1\"></span>el 20<span class=\"_ _1\"></span>01<span class=\"_ _6\"></span>, ma p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do l\u2019utiliz<span class=\"_ _1\"></span>zo di d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to ma<span class=\"_ _1\"></span>rch<span class=\"_ _1\"></span>io da p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te di<span class=\"_ _348\"> </span> Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r un pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>o di temp<span class=\"_ _1\"></span>o mo<span class=\"_ _1\"></span>lto lun<span class=\"_ _1\"></span>go e s<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r il su<span class=\"_ _1\"></span>o util<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zo.<span class=\"_ _348\"> </span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he t<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a si r<span class=\"_ _1\"></span>inn<span class=\"_ _1\"></span>ova di ann<span class=\"_ _1\"></span>o in an<span class=\"_ _1\"></span>no co<span class=\"_ _1\"></span>n sc<span class=\"_ _1\"></span>ade<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 203<span class=\"_ _1\"></span>2.<span class=\"_ _348\"> </span>VII. Contratto di<span class=\"_ _0\"></span> Conto<span class=\"_ _0\"></span> corrente di<span class=\"_ _0\"></span> corrispondenza con Fiera<span class=\"_ _0\"></span> Milano SpA<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 24 giugno 201<span class=\"_ _0\"></span>6 co<span class=\"_ _1\"></span>n de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>\u00b0 lugl<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>6 \u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to stip<span class=\"_ _1\"></span>ulato il n<span class=\"_ _1\"></span>uovo co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente di<span class=\"_ _348\"> </span> cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>. Il co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to sc<span class=\"_ _1\"></span>ade i<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre e s<span class=\"_ _1\"></span>i inte<span class=\"_ _1\"></span>nde a<span class=\"_ _1\"></span>utom<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>cam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te rin<span class=\"_ _1\"></span>novato di an<span class=\"_ _1\"></span>no in a<span class=\"_ _1\"></span>nno, s<span class=\"_ _1\"></span>alvo<span class=\"_ _348\"> </span> dis<span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a da invi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si a c<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a di una d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e Par<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i ent<span class=\"_ _1\"></span>ro il 3<span class=\"_ _1\"></span>0 set<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span>lla sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Con i<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to, le pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o ris<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>to per m<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>o il co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente di c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> pre<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>tente c<span class=\"_ _1\"></span>he \u00e8 st<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to pri<span class=\"_ _1\"></span>ma r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l nuovo co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente d<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Le pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti r<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>no gli i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si e i pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>ai c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>ui so<span class=\"_ _1\"></span>no re<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte obb<span class=\"_ _1\"></span>lig<span class=\"_ _1\"></span>ati, qu<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> par<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>are i c<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>oni di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i Qu<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>ri Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ici e i s<span class=\"_ _1\"></span>evizi r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i tra l<span class=\"_ _1\"></span>e par<span class=\"_ _7\"></span>ti.<span class=\"_ _348\"> </span>Il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>to par<span class=\"_ _1\"></span>i all\u2019eurib<span class=\"_ _1\"></span>or a 1 me<span class=\"_ _1\"></span>se p<span class=\"_ _1\"></span>i\u00f9 un<span class=\"_ _1\"></span>o sp<span class=\"_ _1\"></span>rea<span class=\"_ _1\"></span>d del<span class=\"_ _1\"></span>lo 0,7<span class=\"_ _0\"></span>5<span class=\"_ _6\"></span>%.<span class=\"_ _348\"> </span>Sui c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ivan<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>le fa<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ure e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da<span class=\"_ _1\"></span>lle pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i a 60 g<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>ata f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a fine m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e e<span class=\"_ _348\"> </span> res<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no ine<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>gib<span class=\"_ _1\"></span>ili e<span class=\"_ _1\"></span>d indi<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fin<span class=\"_ _1\"></span>o all<span class=\"_ _1\"></span>a chi<span class=\"_ _1\"></span>usu<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te, fat<span class=\"_ _1\"></span>to sa<span class=\"_ _1\"></span>lvo pe<span class=\"_ _1\"></span>r le f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>e sca<span class=\"_ _1\"></span>dute d<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> oltre 1<span class=\"_ _6\"></span>80 giorni che saranno sempre immediatamente esigibili.<span class=\"_ _348\"> </span>Le fat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ure re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ive ai c<span class=\"_ _1\"></span>ano<span class=\"_ _1\"></span>ni di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e dei Q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i Fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ci so<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te nel r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to ma ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si e<span class=\"_ _348\"> </span> res<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i nel r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>i prev<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i dai c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto. Il sa<span class=\"_ _1\"></span>ld<span class=\"_ _1\"></span>o dell<span class=\"_ _1\"></span>e fat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>ute da a<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span> 1<span class=\"_ _6\"></span>8<span class=\"_ _1\"></span>0 gi<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ni, uni<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte al s<span class=\"_ _1\"></span>ald<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lle fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ture r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tive ai c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i di lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>ei Q<span class=\"_ _1\"></span>uar<span class=\"_ _7\"></span>tie<span class=\"_ _1\"></span>ri F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i diven<span class=\"_ _1\"></span>uti e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>gibi<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span> se<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>do i te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento, ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nta il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do e<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Son<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>al co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te i cre<span class=\"_ _1\"></span>diti c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no su<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tib<span class=\"_ _1\"></span>ili di c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>\u00c8 fac<span class=\"_ _1\"></span>olt<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te il c<span class=\"_ _1\"></span>ui sa<span class=\"_ _1\"></span>ld<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>igib<span class=\"_ _1\"></span>ile a c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dito, o a deb<span class=\"_ _1\"></span>ito, sup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a l\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di 5.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro ch<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rne<span class=\"_ _348\"> </span> il pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, o pr<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ere a<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to; nel ca<span class=\"_ _1\"></span>so di r<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a di pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento il s<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>sa d<span class=\"_ _1\"></span>ovr\u00e0 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> effet<span class=\"_ _1\"></span>tuato entro<span class=\"_ _0\"></span> 1<span class=\"_ _6\"></span>5 giorni lavorativi dalla<span class=\"_ _0\"></span> richiesta stess<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>La c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente di c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a c<span class=\"_ _1\"></span>on la li<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i inter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>eve es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ta o<span class=\"_ _1\"></span>gni<span class=\"_ _348\"> </span> trimes<span class=\"_ _1\"></span>tre.<span class=\"_ _348\"> </span>VI<span class=\"_ _1\"></span>II<span class=\"_ _1\"></span>. Pi<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i i<span class=\"_ _1\"></span>nve<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i \u201cC<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te T<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>k T<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>k\u201d<span class=\"_ _348\"> </span>Fondazione Fiera Milano,<span class=\"_ _0\"></span> nell\u2019<span class=\"_ _6\"></span>ambito del piano per la competitivit\u00e0<span class=\"_ _0\"></span> e la sostenibilit\u00e0 del<span class=\"_ _0\"></span>le strut<span class=\"_ _1\"></span>ture fieristiche<span class=\"_ _348\"> </span> e con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sua<span class=\"_ _1\"></span>li ha s<span class=\"_ _1\"></span>tip<span class=\"_ _1\"></span>ulato u<span class=\"_ _1\"></span>n acc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>n Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no SpA e F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano C<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i SpA t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>mite il qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> si im<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>gna a s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tene<span class=\"_ _1\"></span>re im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>i invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto. Le pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti h<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o svilu<span class=\"_ _1\"></span>ppa<span class=\"_ _1\"></span>to la lo<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>bor<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so la c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tituz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di un \u201cC<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>rate T<span class=\"_ _1\"></span>hin<span class=\"_ _1\"></span>k T<span class=\"_ _6\"></span>ank<span class=\"_ _1\"></span>\u201d pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>alis<span class=\"_ _1\"></span>i, il co<span class=\"_ _1\"></span>nf<span class=\"_ _1\"></span>ronto e l<span class=\"_ _1\"></span>a valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>iun<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> moda<span class=\"_ _1\"></span>lit\u00e0 di ese<span class=\"_ _1\"></span>cuzio<span class=\"_ _1\"></span>ne degli investim<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span>IX. Contratto di sublocazione<span class=\"_ _0\"></span> immobiliare<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 21 mar<span class=\"_ _1\"></span>zo 201<span class=\"_ _6\"></span>9 Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano h<span class=\"_ _1\"></span>a pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>cato, ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>olo 5 d<span class=\"_ _1\"></span>el R<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto Con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>b 1<span class=\"_ _6\"></span>7221 del<span class=\"_ _348\"> </span> 1<span class=\"_ _6\"></span>2 m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>zo 201<span class=\"_ _0\"></span>0 e suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e in ma<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>a di Op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>on Par<span class=\"_ _7\"></span>ti Co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te, il Do<span class=\"_ _1\"></span>cum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to Infor<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tivo<span class=\"_ _348\"> </span> avente pe<span class=\"_ _1\"></span>r og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>tto g<span class=\"_ _1\"></span>li ac<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>di re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi a<span class=\"_ _1\"></span>lla su<span class=\"_ _1\"></span>blo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i Rho<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>Pero p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e di un i<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>anto fotovol<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ico e a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>nne<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>ia ri<span class=\"_ _1\"></span>nnovab<span class=\"_ _1\"></span>ile, c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> Fair re<span class=\"_ _1\"></span>new S<span class=\"_ _1\"></span>rl, il c<span class=\"_ _1\"></span>ui ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le \u00e8 de<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to da A<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>A Ri<span class=\"_ _1\"></span>nnovab<span class=\"_ _1\"></span>ili S.p.<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>. (6<span class=\"_ _1\"></span>0%<span class=\"_ _0\"></span>), soci<span class=\"_ _1\"></span>et\u00e0 d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo A<span class=\"_ _7\"></span>2A<span class=\"_ _7\"></span>, e da<span class=\"_ _348\"> </span> Fondazione Fiera Milano (<span class=\"_ _6\"></span>40%<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Ra<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>n So<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>te e <span class=\"ff4\">j<span class=\"_ _1\"></span>oi<span class=\"_ _1\"></span>nt ventur<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span>Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA e Ip<span class=\"_ _1\"></span>ack Im<span class=\"_ _1\"></span>a Sr<span class=\"_ _1\"></span>l so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 in <span class=\"ff12 ls38 ws46\">j<span class=\"_ _1\"></span>oint ventu<span class=\"_ _1\"></span>re</span> co<span class=\"_ _1\"></span>n UCIM<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>, in d<span class=\"_ _1\"></span>ata 21 feb<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>aio 201<span class=\"_ _0\"></span>6 ha<span class=\"_ _1\"></span>nno s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> un co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>ento p<span class=\"_ _1\"></span>er u<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to mas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>mo pa<span class=\"_ _1\"></span>ri a 3.0<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>0 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, con s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>nnu<span class=\"_ _1\"></span>ale e<span class=\"_ _348\"> </span> tac<span class=\"_ _1\"></span>ito ri<span class=\"_ _1\"></span>nnovo, al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so de<span class=\"_ _1\"></span>ll\u20191<span class=\"_ _6\"></span>,5<span class=\"_ _1\"></span>0%. Alla dat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22 il fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to per u<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span> nominale pari a 7<span class=\"_ _0\"></span>00 migliaia di euro<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Ipack Ima Srl inolt<span class=\"_ _0\"></span>re intrattiene con il Gruppo rappor<span class=\"_ _1\"></span>ti commerciali connes<span class=\"_ _1\"></span>si alla preparazione delle due<span class=\"_ _348\"> </span> manifesta<span class=\"_ _1\"></span>zioni pluriennali organizzate dalla Societ\u00e0 (Ipack I<span class=\"_ _0\"></span>ma e Meat<span class=\"_ _0\"></span>-<span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>ech) e usufruisce della gestione<span class=\"_ _348\"> </span> ce<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di al<span class=\"_ _1\"></span>cuni s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>inis<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i e tecn<span class=\"_ _1\"></span>ici.<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 4 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 201<span class=\"_ _0\"></span>8 \u00e8 st<span class=\"_ _1\"></span>ato mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>cato l\u2019accor<span class=\"_ _1\"></span>do di <span class=\"ff12 ls7 ws34\">governan<span class=\"_ _0\"></span>ce<span class=\"ff6 ls45 ws121\"> rigu<span class=\"_ _1\"></span>ard<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te MiCo D<span class=\"_ _1\"></span>MC S<span class=\"_ _1\"></span>rl c<span class=\"_ _1\"></span>on il pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ner A<span class=\"_ _1\"></span>IM<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls7 ws34\"><span class=\"ff6 ls45 ws121\"> </span></span>Group International Spa definendo una<span class=\"_ _0\"></span> maggiore condivisione nelle scelte per gestione dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tivit\u00e0. In applicazione<span class=\"_ _348\"> </span> dell\u2019I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _6\"></span>1 tal<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>di qu<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>no l<span class=\"_ _1\"></span>a soc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>me <span class=\"ff12 ls2c ws58\">jo<span class=\"_ _1\"></span>int ventur<span class=\"_ _1\"></span>e</span> e, a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 201<span class=\"_ _0\"></span>8, dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>no la<span class=\"_ _1\"></span> valutazione della par<span class=\"_ _1\"></span>tecipazione con il metodo<span class=\"_ _0\"></span> del patrimonio netto in luogo<span class=\"_ _0\"></span> del consolidamento integrale.<span class=\"_ _348\"> </span>I rap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o le<span class=\"_ _1\"></span>gati a<span class=\"_ _1\"></span>l re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>duo fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dec<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>le co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so i<span class=\"_ _1\"></span>n dat<span class=\"_ _1\"></span>a 1<span class=\"_ _0\"></span>8 mag<span class=\"_ _1\"></span>gio 201<span class=\"_ _6\"></span>5 d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> con<span class=\"_ _1\"></span>tro<span class=\"_ _1\"></span>lla<span class=\"_ _1\"></span>nte Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si Sp<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r 70 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>li al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o del 3% e all\u2019<span class=\"_ _0\"></span>ero<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei<span class=\"_ _348\"> </span> se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vizi l<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>isti<span class=\"_ _1\"></span>ci di \u201c<span class=\"ff12 ls8 wsb9\">desti<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n managemen<span class=\"_ _0\"></span>t\u201d<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws3\">.<span class=\"_ _348\"> </span></span></span>Rappor<span class=\"_ _1\"></span>ti con<span class=\"_ _0\"></span> altre part<span class=\"_ _1\"></span>i correlate<span class=\"_ _348\"> </span>Le voc<span class=\"_ _1\"></span>i pi\u00f9 s<span class=\"_ _1\"></span>igni<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ative s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ate da:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws29\">pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 ver<span class=\"_ _1\"></span>so G<span class=\"_ _1\"></span>e.Fi. SpA<span class=\"_ _7\"></span>, soc<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t\u00e0 co<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ta al<span class=\"_ _1\"></span>la Ca<span class=\"_ _1\"></span>pog<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o a se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to dell\u2019acquis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l 25<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span><span class=\"fc4 ws29\"> </span>del capitale sociale in data 23<span class=\"_ _0\"></span> novembre 2<span class=\"_ _0\"></span>022.<span class=\"_ _0\"></span> I rappor<span class=\"_ _1\"></span>ti economici intercorsi riguardano la gestione della<span class=\"_ _348\"> </span> manifesta<span class=\"_ _1\"></span>zione Ar<span class=\"_ _1\"></span>tigiano in Fiera;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws95\">pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ver<span class=\"_ _1\"></span>so Fe<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rl<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>no A<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>o Eventi Sp<span class=\"_ _1\"></span>A e Fede<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>leg<span class=\"_ _1\"></span>no A<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>o in se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ito al t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ento n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span></span><span class=\"fc4 ws95\"> </span>201<span class=\"_ _6\"></span>9 di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>le dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte da M<span class=\"_ _1\"></span>ADE eve<span class=\"_ _1\"></span>nti S<span class=\"_ _1\"></span>rl. A f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te di tal<span class=\"_ _1\"></span>e ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne la S<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>\u00e0 ha is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to un de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> corrispondente<span class=\"_ _0\"></span> ai rat<span class=\"_ _0\"></span>ei mat<span class=\"_ _0\"></span>urati dai<span class=\"_ _0\"></span> dipendenti<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws190\">ric<span class=\"_ _1\"></span>avi e sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ative ve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra Pa<span class=\"_ _1\"></span>rk<span class=\"_ _1\"></span>ing S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>, s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>et\u00e0 i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>ta da Fo<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one F<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span></span><span class=\"fc4 ws190\"> </span>Mila<span class=\"_ _1\"></span>no. In da<span class=\"_ _1\"></span>ta 5 lu<span class=\"_ _1\"></span>glio 201<span class=\"_ _0\"></span>8 Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA h<span class=\"_ _1\"></span>a stip<span class=\"_ _1\"></span>ula<span class=\"_ _1\"></span>to con Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Par<span class=\"_ _1\"></span>kin<span class=\"_ _1\"></span>g SpA u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di af<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> della gestione dei parcheggi al servizio del centro espositivo <span class=\"ff1 ls2b ws5e\">fieramilanocity<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws95\">. Il co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to ha du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta di s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span></span></span><span class=\"ff1 ls2b ws5e\"><span class=\"ff6 ls3 ws95\"> </span></span>ann<span class=\"_ _1\"></span>i a de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>re d<span class=\"_ _1\"></span>al 1<span class=\"_ _0\"></span>\u00b0 se<span class=\"_ _1\"></span>tte<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 201<span class=\"_ _6\"></span>8<span class=\"_ _348\"> </span>Le par<span class=\"_ _1\"></span>tite<span class=\"_ _0\"></span> patrimoniali-finanziarie ed economiche intercorrenti con par<span class=\"_ _1\"></span>ti correlate non consolidate<span class=\"_ _0\"></span> sono riepilogate<span class=\"_ _348\"> </span> nella tabella che segue.<span class=\"_ _348\"> </span>Par<span class=\"_ _1\"></span>tite patrimoniali ed economiche intercorr<span class=\"_ _1\"></span>enti con par<span class=\"_ _1\"></span>ti corr<span class=\"_ _1\"></span>elate al 31<span class=\"_ _6\"></span>/1<span class=\"_ _6\"></span>2/2022<span class=\"_ _348\"> </span>(migliaia di euro) Incrementi Diritti d\u2019uso delle attivt\u00e0 in locazione<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie non correnti<span class=\"_ _348\"> </span>Crediti commerciali e altri non correnti<span class=\"_ _348\"> </span>Crediti commerciali e altri<span class=\"_ _348\"> </span>Rimanenze<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie correnti<span class=\"_ _348\"> </span>Attivit\u00e0 destinate alla vendita<span class=\"_ _348\"> </span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione non correnti<span class=\"_ _348\"> </span>Acconti<span class=\"_ _348\"> </span>Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti<span class=\"_ _348\"> </span>Altre passivit\u00e0 finanziarie correnti<span class=\"_ _348\"> </span>Altre passivit\u00e0 correnti<span class=\"_ _348\"> </span>Ricavi delle vendite e delle prestazioni<span class=\"_ _348\"> </span>Costi per materiali<span class=\"_ _348\"> </span>Costi per servizi<span class=\"_ _348\"> </span>Costi per godimento di beni di terzi<span class=\"_ _348\"> </span>Altre spese operative<span class=\"_ _348\"> </span>Proventi diversi<span class=\"_ _348\"> </span>Proventi finanziari e assimilati<span class=\"_ _348\"> </span>Oneri finanziari e assimilati<span class=\"_ _348\"> </span>Imposte sul reddito<span class=\"_ _348\"> </span>Controllante e<span class=\"_ _348\"> </span> Consociate<span class=\"_ _348\"> </span>Fondazione Fiera<span class=\"_ _348\"> </span> Milano  15.338 <span class=\"_ _243\"> </span> 33.240 <span class=\"_ _119\"> </span> 3.404 <span class=\"_ _2e3\"> </span> 345.348 <span class=\"_ _243\"> </span> 48.295 <span class=\"_ _36\"> </span> 130 <span class=\"_ _e\"> </span> 78 <span class=\"_ _152\"> </span> 596 <span class=\"_ _e2\"> </span>121 <span class=\"_ _ce\"> </span>234<span class=\"_ _14f\"> </span> 462 <span class=\"_ _187\"> </span> 151 <span class=\"_ _11\"> </span> 10.849 <span class=\"_ _17c\"> </span>-1.477<span class=\"_ _348\"> </span> Imprese collegate e<span class=\"_ _348\"> </span> joint venture<span class=\"_ _348\"> </span>Ipack Ima Srl  20 <span class=\"_ _5d\"> </span> 703 <span class=\"_ _1fa\"> </span> 18 <span class=\"_ _7c\"> </span> 18 <span class=\"_ _50\"> </span> 5.675 <span class=\"_ _5b\"> </span> 188 <span class=\"_ _1f7\"> </span> 333 <span class=\"_ _17f\"> </span> 18<span class=\"_ _348\"> </span> MiCo DMC Srl  71 <span class=\"_ _9e\"> </span> 40 <span class=\"_ _2aa\"> </span> 148 <span class=\"_ _9e\"> </span> 65 <span class=\"_ _270\"> </span> 536 <span class=\"_ _e\"> </span> 14 <span class=\"_ _18a\"> </span>4 <span class=\"_ _50\"> </span> 1.913 <span class=\"_ _190\"> </span>77 <span class=\"_ _5d\"> </span> 134 <span class=\"_ _192\"> </span> 2<span class=\"_ _348\"> </span> Ge.Fi. SpA  2.051 <span class=\"_ _f8\"> </span> 3.567 <span class=\"_ _50\"> </span> 3.850 <span class=\"_ _182\"> </span> 32 <span class=\"_ _1ca\"> </span> 7<span class=\"_ _348\"> </span> Hannover Milano Fairs<span class=\"_ _348\"> </span> Shangai LTD  10 <span class=\"_ _162\"> </span> 31<span class=\"_ _348\"> </span> Hannover Milano Fairs<span class=\"_ _348\"> </span> China LTD  4<span class=\"_ _348\"> </span> Hannover Milano Fairs<span class=\"_ _348\"> </span> India LTD  6<span class=\"_ _348\"> </span> Altre parti correlate<span class=\"_ _348\"> </span> Fair renew Srl  76 <span class=\"_ _2e4\"> </span> 743 <span class=\"_ _7c\"> </span> 18<span class=\"_ _348\"> </span> Federlegno Arredo  37<span class=\"_ _348\"> </span> Federlegno Arredo<span class=\"_ _348\"> </span> Eventi SpA  40<span class=\"_ _348\"> </span> Fiera Parking SpA  35 <span class=\"_ _214\"> </span> 24 <span class=\"_ _165\"> </span> 128 <span class=\"_ _192\"> </span> 5<span class=\"_ _348\"> </span> Totali parti Correlate  15.338 <span class=\"_ _17f\"> </span> 71 <span class=\"_ _11\"> </span> 33.240 <span class=\"_ _119\"> </span> 5.550 <span class=\"_ _187\"> </span> 148 <span class=\"_ _187\"> </span> 703 <span class=\"_ _17f\"> </span> 65 <span class=\"_ _185\"> </span> 345.348 <span class=\"_ _17f\"> </span> 28 <span class=\"_ _34\"> </span> 48.295 <span class=\"_ _139\"> </span> 130 <span class=\"_ _2e5\"> </span> 4.352 <span class=\"_ _139\"> </span> 10.190 <span class=\"_ _192\"> </span> 4 <span class=\"_ _2e5\"> </span> 3.007 <span class=\"_ _17f\"> </span> 77 <span class=\"_ _187\"> </span> 362 <span class=\"_ _187\"> </span> 959 <span class=\"_ _187\"> </span> 171 <span class=\"_ _11\"> </span> 10.849 <span class=\"_ _17c\"> </span>-1.477<span class=\"_ _348\"> </span> Totali saldi di Bilancio  - <span class=\"_ _37\"> </span> 2.386 <span class=\"_ _11\"> </span> 33.424 <span class=\"_ _34\"> </span> 33.404 <span class=\"_ _37\"> </span> 3.144 <span class=\"_ _11\"> </span> 36.420 <span class=\"_ _119\"> </span> 2.672 <span class=\"_ _33\"> </span> 346.858 <span class=\"_ _11\"> </span> 29.869 <span class=\"_ _11\"> </span> 49.889 <span class=\"_ _36\"> </span> 618 <span class=\"_ _139\"> </span> 20.723 <span class=\"_ _185\"> </span> 220.285 <span class=\"_ _119\"> </span> 4.078 <span class=\"_ _185\"> </span> 110.159 <span class=\"_ _119\"> </span> 1.246 <span class=\"_ _37\"> </span> 3.931 <span class=\"_ _119\"> </span> 4.135 <span class=\"_ _119\"> </span> 1.600 <span class=\"_ _11\"> </span> 14.524 <span class=\"_ _30\"> </span>2.055<span class=\"_ _348\"> </span> % Correlate/Bilancio  - <span class=\"_ _181\"> </span>3%<span class=\"_ _14b\"> </span>99%<span class=\"_ _188\"> </span>17%<span class=\"_ _152\"> </span>5%<span class=\"_ _152\"> </span>2%<span class=\"_ _152\"> </span>2%<span class=\"_ _14d\"> </span>100%<span class=\"_ _16a\"> </span>-<span class=\"_ _14b\"> </span>97%<span class=\"_ _35\"> </span>21%<span class=\"_ _12d\"> </span>21%<span class=\"_ _d\"> </span>5%<span class=\"_ _16a\"> </span>-<span class=\"_ _d\"> </span>3%<span class=\"_ _152\"> </span>6%<span class=\"_ _152\"> </span>9%<span class=\"_ _14b\"> </span>23%<span class=\"_ _2e6\"> </span>11%<span class=\"_ _2e6\"> </span>75%<span class=\"_ _7e\"> </span>-72%<span class=\"_ _348\"> </span>Per l\u2019infor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>iva rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va ai co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ti ai c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>gli O<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>ni di A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e di Co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ollo,<span class=\"_ _348\"> </span> ai D<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri G<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ali e<span class=\"_ _1\"></span>d ai D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>ige<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>on Re<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 S<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegi<span class=\"_ _1\"></span>che, r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022, si<span class=\"_ _348\"> </span> rimanda al<span class=\"_ _0\"></span>la tabella<span class=\"_ _0\"></span> riportata nelle alt<span class=\"_ _0\"></span>re inf<span class=\"_ _0\"></span>ormazioni<span class=\"_ _348\"> </span><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs86f\">Rendiconto finanz<span class=\"_ _0\"></span>iario delle Par<span class=\"_ _1\"></span>ti correlate<span class=\"_ _123\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs870\"> <span class=\"_ _1d3\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _1fe\"> </span>2022<span class=\"_ _2b\"> </span><span class=\"fc4\">2021*<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs871\">Flusso finanziario derivante dalla gestione operativa <span class=\"_ _261\"> </span> <span class=\"_ _1be\"> </span><span class=\"ff6\"> <span class=\"_ _1be\"> </span><span class=\"fc4\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs872\">Ricavi e proventi<span class=\"_ _99\"> </span> <span class=\"_ _2ce\"> </span><span class=\"fc0\">11.149<span class=\"_ _3d\"> </span></span>10.954<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff12 fs2 fc4 sc0 ls3 ws3 gs873\">di cui operazioni non ricorrenti<span class=\"_ _2be\"> </span><span class=\"ff6\"> <span class=\"_ _2e7\"> </span><span class=\"fc0\">-<span class=\"_ _41\"> </span></span></span>5.500<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs874\">Costi e oneri<span class=\"_ _2e8\"> </span> <span class=\"_ _2b\"> </span><span class=\"fc0\">-3.450<span class=\"_ _e9\"> </span></span>-1.375<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs875\">Proventi finanziari<span class=\"_ _c0\"> </span> <span class=\"_ _27b\"> </span><span class=\"fc0\">171<span class=\"_ _7c\"> </span></span>27<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs876\">Oneri finanziari su attivit\u00e0 in leasing (IFRS 16)<span class=\"_ _40\"> </span> <span class=\"_ _227\"> </span><span class=\"fc0\">-10.845<span class=\"_ _4a\"> </span></span>-11.632<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs877\">Altri oneri finanziari<span class=\"_ _144\"> </span> <span class=\"_ _1ca\"> </span><span class=\"fc0\">-4<span class=\"_ _91\"> </span></span>-83<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs878\">Oneri/proventi da consolidato fiscale<span class=\"_ _2bc\"> </span> <span class=\"_ _6e\"> </span><span class=\"fc0\">1.477<span class=\"_ _41\"> </span></span>8.745<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs879\">Variazione crediti commerciali e altri<span class=\"_ _2e9\"> </span> <span class=\"_ _2b\"> </span><span class=\"fc0\">-2.703<span class=\"_ _e9\"> </span></span>-4.036<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs87a\">Variazione rimanenze<span class=\"_ _8b\"> </span> <span class=\"_ _a4\"> </span><span class=\"fc0\">-123<span class=\"_ _7c\"> </span></span>70<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs87b\">Variazione acconti<span class=\"_ _22a\"> </span> <span class=\"_ _d5\"> </span><span class=\"fc0\">-1.311<span class=\"_ _26\"> </span></span>568<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs87c\">Variazione altre passivit\u00e0 correnti<span class=\"_ _ee\"> </span> <span class=\"_ _27b\"> </span><span class=\"fc0\">268<span class=\"_ _41\"> </span></span>3.631<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs87d\">Totale derivante da attivit\u00e0 in continuit\u00e0<span class=\"_ _2a2\"> </span> <span class=\"_ _2b\"> </span>-5.371<span class=\"_ _41\"> </span><span class=\"fc4\">6.869<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs87e\">Totale derivante da attivit\u00e0 destinate alla vendita<span class=\"_ _f3\"> </span>-65<span class=\"_ _45\"> </span><span class=\"fc4\">-236<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs87f\">Flusso finanziario derivante dalle attivit\u00e0 di investimento<span class=\"_ _27e\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs880\">Investimenti in immobilizzazioni:<span class=\"_ _2c8\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs881\">. Materiali e Immateriali<span class=\"_ _12e\"> </span> <span class=\"_ _258\"> </span><span class=\"fc0\">-<span class=\"_ _2ea\"> </span></span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs882\">. Altre attivit\u00e0 immobilizzate <span class=\"_ _27f\"> </span> <span class=\"_ _2e7\"> </span><span class=\"fc0\">-<span class=\"_ _2ea\"> </span></span>-<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs883\">Totale derivante da attivit\u00e0 in continuit\u00e0<span class=\"_ _2a2\"> </span> <span class=\"_ _a8\"> </span> - <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs884\">Totale derivante da attivit\u00e0 destinate alla vendita<span class=\"_ _10c\"> </span> - <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc0 sc0 ls3 ws3 gs885\">Flusso derivante dalle attivit\u00e0 finanziarie<span class=\"_ _4c\"> </span> <span class=\"_ _2ea\"> </span><span class=\"ff6\"> - <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span></span><span class=\"ff6\"><span class=\"fc4\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs886\">Variazione crediti finanziari correnti<span class=\"_ _2eb\"> </span> <span class=\"_ _228\"> </span><span class=\"fc0\">1.705<span class=\"_ _e9\"> </span></span>-1.088<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs887\">Variazione debiti finanziari correnti<span class=\"_ _283\"> </span> <span class=\"_ _2b\"> </span><span class=\"fc0\">-9.430<span class=\"_ _41\"> </span></span>8.247<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs888\">Variazione debiti finanziari correnti relativi al diritto d'uso delle attivit\u00e0 in locazione<span class=\"_ _26c\"> </span><span class=\"fc0\">-29.219<span class=\"_ _5a\"> </span></span>-36.693<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs889\">Totale derivante da attivit\u00e0 in continuit\u00e0<span class=\"_ _2a2\"> </span> <span class=\"_ _227\"> </span>-36.944<span class=\"_ _4a\"> </span><span class=\"fc4\">-29.534<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs88a\">Totale derivante da attivit\u00e0 destinate alla vendita<span class=\"_ _10c\"> </span> - <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _348\"> </span></span><span class=\"fc4\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs88b\">Flusso finanziario dell'esercizio da attivit\u00e0 in continuit\u00e0<span class=\"_ _2a2\"> </span>-42.315<span class=\"_ _4a\"> </span><span class=\"fc4\">-22.665<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs88c\">Flusso finanziario dell'esercizio da attivit\u00e0 destinate alla vendita<span class=\"_ _2ec\"> </span>-65<span class=\"_ _45\"> </span><span class=\"fc4\">-236<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws22f gs88d\">* <span class=\"_ _50\"> </span>Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito del<span class=\"_ _348\"> </span> </div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs88e\">conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs88f\">L<span class=\"_ _8\"></span>\u2019inc<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>on Par<span class=\"_ _7\"></span>ti c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ate \u00e8 ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ta n<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nte ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lla:<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs890\">Flusso finanziario<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs891\">derivante dalla<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs892\">gestione operativa<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs893\">Flusso finanziario<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs894\">derivante<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs895\">dalle attivit\u00e0 di<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs896\">investimento<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs897\">Flusso derivante<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs898\">dalle attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs899\">finanziarie<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs89a\">Esercizio chiuso al 31.12.22:<span class=\"_ _1f5\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _1be\"> </span></span> <span class=\"_ _1be\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs89b\">Totale<span class=\"_ _46\"> </span>30.650<span class=\"_ _151\"> </span>-15.059<span class=\"_ _4a\"> </span>-79.855<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs89c\">Parti correlate<span class=\"_ _2ed\"> </span>-5.436<span class=\"_ _1c3\"> </span> - <span class=\"_ _21a\"> </span>-36.944<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs89d\">Esercizio chiuso al 31.12.21:<span class=\"_ _1f5\"> </span><span class=\"ff1 fc0\"> <span class=\"_ _1be\"> </span></span> <span class=\"_ _1be\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs89e\">Totale<span class=\"_ _1d6\"> </span>113.172<span class=\"_ _e9\"> </span>-4.513<span class=\"_ _3d\"> </span>19.150<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs89f\">Parti correlate<span class=\"_ _cb\"> </span>6.633<span class=\"_ _1ca\"> </span> - <span class=\"_ _21a\"> </span>-29.534<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs8a1\">54) Altre informazioni<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls9 ws61 gs8a2\">Ev<span class=\"_ _0\"></span>enti ed operazioni significat<span class=\"_ _1\"></span>ive non<span class=\"_ _0\"></span> ricorrent<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd7 gs8a3\">Nel c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o non s<span class=\"_ _1\"></span>ono av<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>nute o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o eve<span class=\"_ _1\"></span>nti si<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>tivi n<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti, ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>te ai se<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8a4\">com<span class=\"_ _1\"></span>uni<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one C<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sob d<span class=\"_ _1\"></span>el 28 lug<span class=\"_ _1\"></span>lio 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>6.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws127 gs8a5\">L<span class=\"_ _8\"></span>\u2019imp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to rife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>to al p<span class=\"_ _1\"></span>rec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>te es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio e i<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tto c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>epa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne al<span class=\"_ _1\"></span>la voc<span class=\"_ _1\"></span>e Provent<span class=\"_ _1\"></span>i diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i si r<span class=\"_ _1\"></span>ifer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4e gs8a6\">al co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>to di 1<span class=\"_ _0\"></span>0.0<span class=\"_ _1\"></span>00 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ato da SI<span class=\"_ _1\"></span>MEST a vale<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ul Fon<span class=\"_ _1\"></span>do pe<span class=\"_ _1\"></span>r la Pr<span class=\"_ _1\"></span>omozi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e Integ<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws86 gs8a7\">ris<span class=\"_ _1\"></span>toro d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i fis<span class=\"_ _1\"></span>si no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti da u<span class=\"_ _1\"></span>tili o<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e che a<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ti di 5<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>.4<span class=\"_ _1\"></span>90 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>cevu<span class=\"_ _1\"></span>ti qu<span class=\"_ _1\"></span>ale r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>toro d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs8a8\">riduzioni di margine<span class=\"_ _0\"></span> operativo lordo causate dalla<span class=\"_ _0\"></span> pandemia da Covid-<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>9 negli esercizi 2020<span class=\"_ _0\"></span> e 202<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws13d gs8a9\">Inoltre, la<span class=\"_ _0\"></span> Controllante F<span class=\"_ _0\"></span>ondazione Fiera Milano ha concesso una temporanea riduzione dei canoni di locazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8aa\">dei p<span class=\"_ _1\"></span>oli fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ici d<span class=\"_ _1\"></span>i Rho e d<span class=\"_ _1\"></span>i Mila<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no 2021 par<span class=\"_ _1\"></span>i a 5.50<span class=\"_ _1\"></span>0 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls36 ws84 gs8ab\">T<span class=\"_ _6\"></span>ransazioni deriv<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nti da<span class=\"_ _0\"></span> operazioni<span class=\"_ _0\"></span> atipiche e/<span class=\"_ _6\"></span>o inusual<span class=\"_ _0\"></span>i<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd4 gs8ac\">Ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>lla C<span class=\"_ _1\"></span>omu<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne Co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ob de<span class=\"_ _1\"></span>l 28 lugli<span class=\"_ _1\"></span>o 20<span class=\"_ _1\"></span>06, s<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>isa c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so de<span class=\"_ _1\"></span>l 2022 i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o no<span class=\"_ _1\"></span>n ha po<span class=\"_ _1\"></span>sto </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8ad\">in es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>tipi<span class=\"_ _1\"></span>che e<span class=\"_ _1\"></span>/o inusua<span class=\"_ _1\"></span>li, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>ome d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ite da<span class=\"_ _1\"></span>lla C<span class=\"_ _1\"></span>omu<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls2b ws5e gs8ae\">Informativa<span class=\"_ _0\"></span> richiesta dalla<span class=\"_ _0\"></span> legge n.<span class=\"_ _6\"></span> 124/<span class=\"_ _6\"></span>2<span class=\"_ _1\"></span>01<span class=\"_ _6\"></span>7<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8af\">Ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>lla l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ge n. 1<span class=\"_ _0\"></span>24/20<span class=\"_ _0\"></span>1<span class=\"_ _6\"></span>7 no<span class=\"_ _1\"></span>n vi so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uti d<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls3a wsca gs8b0\">Fatti di rilie<span class=\"_ _0\"></span>vo<span class=\"_ _0\"></span> successivi alla chiusura dell\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws138 gs8b1\">In dat<span class=\"_ _1\"></span>a 28 febb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 2023 F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano h<span class=\"_ _1\"></span>a chi<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>o il <span class=\"ff12 ls66 ws23\">buyback</span> v<span class=\"_ _0\"></span>olto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie r<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>ndo<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8b2\">4<span class=\"_ _6\"></span>10.000 a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>d un pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo me<span class=\"_ _1\"></span>dio di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o 3,02 pe<span class=\"_ _1\"></span>r un c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rovalo<span class=\"_ _1\"></span>re tot<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o 1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>24<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>32.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs8b3\">La Societ\u00e0 detiene n. 683.<span class=\"_ _6\"></span>758 azioni proprie pari allo 0<span class=\"_ _0\"></span>,95<span class=\"_ _6\"></span>% del capitale socia<span class=\"_ _1\"></span>le.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3b gs8b4\">In dat<span class=\"_ _1\"></span>a 9 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023 il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA f<span class=\"_ _1\"></span>ace<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to ai co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ti st<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>pa<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9c gs8b5\">del 25 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>22, del 20 ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>o 2022, del 13 ottob<span class=\"_ _1\"></span>re 2022, de<span class=\"_ _1\"></span>l 2 e 7 ma<span class=\"_ _1\"></span>rzo 20<span class=\"_ _1\"></span>23, re<span class=\"_ _1\"></span>nde n<span class=\"_ _1\"></span>oto di aver a<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>ovato<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws96 gs8b6\">la fin<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ateg<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>a con Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e di Par<span class=\"_ _1\"></span>ma S<span class=\"_ _1\"></span>pA avente ad o<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to un<span class=\"_ _1\"></span>a <span class=\"ff12 ls35 ws46\">par<span class=\"_ _1\"></span>tnership</span> volt<span class=\"_ _1\"></span>a alla<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws1e gs8b7\">creazione di una comune piattaforma fieris<span class=\"_ _1\"></span>tica europea nel compar<span class=\"_ _1\"></span>to agro-alimentare. Si ricorda che l\u2019<span class=\"_ _6\"></span>operazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa9 gs8b8\">ver<span class=\"_ _1\"></span>r\u00e0 re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so la s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n aum<span class=\"_ _1\"></span>ento di c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale di F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>e di Par<span class=\"_ _1\"></span>ma r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>to a Fier<span class=\"_ _1\"></span>a Mil<span class=\"_ _1\"></span>ano,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa5 gs8b9\">da lib<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si m<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>te il co<span class=\"_ _1\"></span>nfer<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>el ra<span class=\"_ _1\"></span>mo d\u2019azie<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>a di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o rel<span class=\"_ _1\"></span>ativo a<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d\u201d<span class=\"_ _6\"></span>,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws11a gs8ba\">pr<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o evento e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivo nel s<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e agr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-al<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato a Mila<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o il qu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>e di Rh<span class=\"_ _1\"></span>o, per u<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws5f gs8bb\">controvalore<span class=\"_ _0\"></span> di euro 1<span class=\"_ _6\"></span>6,5 milioni<span class=\"_ _0\"></span>. Le Parti hanno definito<span class=\"_ _0\"></span> che, a perfezionamento dell\u2019<span class=\"_ _6\"></span>opera<span class=\"_ _1\"></span>zione, Fiera Mi<span class=\"_ _0\"></span>lano<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8bc\">dete<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>\u00e0 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te una p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pa<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>8,5% nel cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e di Fie<span class=\"_ _1\"></span>re di Pa<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13a gs8bd\">Ric<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>mo al<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>s\u00ec c<span class=\"_ _1\"></span>he, at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so l<span class=\"_ _1\"></span>a sud<span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, le Pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti s<span class=\"_ _1\"></span>i pon<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no l\u2019<span class=\"_ _0\"></span>obi<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo di c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>are u<span class=\"_ _1\"></span>na nu<span class=\"_ _1\"></span>ova<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsfc gs8be\">pia<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tafo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a mul<span class=\"_ _1\"></span>tip<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>itui<span class=\"_ _1\"></span>ta da (<span class=\"_ _1\"></span>i) \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d power<span class=\"_ _1\"></span>ed by Ci<span class=\"_ _1\"></span>bus\u201d a Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o, che s<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>r\u00e0 c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws104 gs8bf\">evento di m<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ice i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>ona<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>he, ol<span class=\"_ _1\"></span>tre a s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e la fili<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a dom<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a, s<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>r\u00e0 il r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to per u<span class=\"_ _1\"></span>na pl<span class=\"_ _1\"></span>atea<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws3c gs8c0\">espositiva prov<span class=\"_ _0\"></span>eniente da t<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ti i P<span class=\"_ _0\"></span>aesi leader nelle produzioni agroalimentari, competendo cos\u00ec con le<span class=\"_ _0\"></span> omologhe<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc1 gs8c1\">man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ee, e d<span class=\"_ _1\"></span>a (ii<span class=\"_ _1\"></span>) \"Cibu<span class=\"_ _1\"></span>s\" a Parma<span class=\"_ _1\"></span>, evento i<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>ico p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r il Mad<span class=\"_ _1\"></span>e In Ita<span class=\"_ _1\"></span>ly a<span class=\"_ _1\"></span>lime<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>are d<span class=\"_ _1\"></span>i ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>lle<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws84 gs8c2\">pe<span class=\"_ _1\"></span>r i suo<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tori. G<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e sin<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>gie c<span class=\"_ _1\"></span>rea<span class=\"_ _1\"></span>te tra Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no e Fi<span class=\"_ _1\"></span>ere d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>, le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o in gr<span class=\"_ _1\"></span>ado<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs8c3\">di sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re il p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, of<span class=\"_ _1\"></span>fre<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o un su<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to st<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>co e pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>man<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te al Ma<span class=\"_ _1\"></span>de in It<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>y agr<span class=\"_ _1\"></span>o-<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8c4\">alim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re e, in ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>le, a<span class=\"_ _1\"></span>l sis<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>a Ita<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13a gs8c5\">L<span class=\"_ _8\"></span>\u2019oper<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne pr<span class=\"_ _1\"></span>evede i<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>he Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ilan<span class=\"_ _1\"></span>o pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipi a<span class=\"_ _1\"></span>lla g<span class=\"_ _1\"></span>over<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>ce di F<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>e di Par<span class=\"_ _1\"></span>ma s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>ndo i s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf1 gs8c6\">pr<span class=\"_ _1\"></span>ivati \u2013 ov<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>o Cr\u00e9<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>t Agr<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>le It<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>a SpA e Un<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e Par<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nse d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li Ind<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ali \u2013 e i s<span class=\"_ _1\"></span>oci p<span class=\"_ _1\"></span>ub<span class=\"_ _1\"></span>blic<span class=\"_ _1\"></span>i \u2013 ov<span class=\"_ _1\"></span>vero C<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>une<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws139 gs8c7\">e Provin<span class=\"_ _1\"></span>cia d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>, Cam<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a di Co<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>io di Pa<span class=\"_ _1\"></span>rma e R<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e Emili<span class=\"_ _1\"></span>a-<span class=\"_ _1\"></span>Rom<span class=\"_ _1\"></span>agn<span class=\"_ _1\"></span>a \u2013 ne<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>are l\u2019esec<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws28 gs8c8\">del piano industriale delle manifestazioni. L<span class=\"_ _8\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione prevede inoltre l<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>eroga<span class=\"_ _1\"></span>zione di ser<span class=\"_ _1\"></span>vizi da F<span class=\"_ _0\"></span>iera Milano<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws15 gs8c9\">in favore d<span class=\"_ _1\"></span>i Fie<span class=\"_ _1\"></span>re di Par<span class=\"_ _1\"></span>ma r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te alla m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u201cT<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d power<span class=\"_ _1\"></span>ed by Ci<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>s\u201d<span class=\"_ _6\"></span>, che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>\u00e0 a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8ca\">tene<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so i<span class=\"_ _1\"></span>l pol<span class=\"_ _1\"></span>o fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>o di R<span class=\"_ _1\"></span>ho ge<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>to da Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls3 ws11c gs8cc\">Co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>i d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i Or<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>i A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e e d<span class=\"_ _1\"></span>i Co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>o, de<span class=\"_ _1\"></span>i D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i Ge<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>i e de<span class=\"_ _1\"></span>i D<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n<span class=\"_ _348\"> </span> </div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls3a wsca gs8cd\">Responsabilit\u00e0 Strategiche<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf4 gs8ce\">I Dir<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i con r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>n le fig<span class=\"_ _1\"></span>ure c<span class=\"_ _1\"></span>he ha<span class=\"_ _1\"></span>nno i<span class=\"_ _1\"></span>l pote<span class=\"_ _1\"></span>re e la r<span class=\"_ _1\"></span>esp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs8cf\">direttame<span class=\"_ _1\"></span>nte o<span class=\"_ _0\"></span> indirettame<span class=\"_ _1\"></span>nte,<span class=\"_ _0\"></span> della pianifica<span class=\"_ _1\"></span>zione, della<span class=\"_ _0\"></span> direzione e del<span class=\"_ _0\"></span> controllo delle attivit\u00e0 del Gruppo.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws159 gs8d0\">I Dir<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ateg<span class=\"_ _1\"></span>ici d<span class=\"_ _1\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti in<span class=\"_ _1\"></span>divi<span class=\"_ _1\"></span>dua<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>lle fig<span class=\"_ _1\"></span>ure d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li A<span class=\"_ _1\"></span>mmin<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rato<span class=\"_ _1\"></span>ri, de<span class=\"_ _1\"></span>i Si<span class=\"_ _1\"></span>nda<span class=\"_ _1\"></span>ci, de<span class=\"_ _1\"></span>l <span class=\"ff12 ls35 ws46\">Chief<span class=\"_ _348\"> </span></span><span class=\"ff12 ls35 ws46\"> </span></div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls9 ws61 gs8d1\">Financial<span class=\"_ _0\"></span> Officer<span class=\"ff6 ls3 ws3\"> e del </span><span class=\"ls35 ws46\">Chief Rev<span class=\"_ _0\"></span>enue Officer<span class=\"ff6 ls39 ws92\"> della<span class=\"_ _0\"></span> Capogruppo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws126 gs8d2\">La r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va di que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a cate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a di Di<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti, in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>hius<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8d3\">amm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a a 2.542 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o (2.932 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) e<span class=\"_ _1\"></span>d \u00e8 cos<span class=\"_ _1\"></span>\u00ec su<span class=\"_ _1\"></span>ddiv<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>a:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs8d4\">Compensi<span class=\"_ _2ee\"> </span><span class=\"ff1 fs2 fc0 ls3 ws3\"> 2022<span class=\"_ _348\"> </span></span><span class=\"ff1 fs2 fc0 ls3 ws3\"> </span></div><div class=\"t m0 h26 ff6 fs32 fc4 sc0 ls3 ws3 gs8d5\">(migliaia di euro)<span class=\"_ _2ef\"> </span><span class=\"ff1 fs2 fc0\"> Amministratori <span class=\"_ _74\"> </span> Sindaci <span class=\"_ _41\"> </span> Altri<span class=\"_ _348\"> </span></span><span class=\"ff1 fs2 fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8d6\">Benefici a breve termine<span class=\"_ _e0\"> </span><span class=\"fc0\">579<span class=\"_ _26\"> </span>166<span class=\"_ _41\"> </span>1.168<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8d7\">Benefici successivi al rapporto di lavoro<span class=\"_ _127\"> </span><span class=\"fc0\"> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _7c\"> </span>80<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8d8\">Altri benefici a lungo termine<span class=\"_ _56\"> </span><span class=\"fc0\"> -<span class=\"_ _1ca\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8d9\">Indennit\u00e0 per cessazione del rapporto di lavoro<span class=\"_ _2bb\"> </span><span class=\"fc0\"> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _1fe\"> </span> 240<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8da\">Costo figurativo \u201cPiano di incentivazione a medio termine\u201d<span class=\"_ _2f0\"> </span><span class=\"fc0\"> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _1fe\"> </span> 309<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs8db\">Totale<span class=\"_ _1dc\"> </span>579<span class=\"_ _26\"> </span>166<span class=\"_ _41\"> </span>1.797<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs8dc\">Compensi<span class=\"_ _2ee\"> </span><span class=\"ff1 fs2 fc4 ls3 ws3\"> 2021<span class=\"_ _348\"> </span></span><span class=\"ff1 fs2 fc4 ls3 ws3\"> </span></div><div class=\"t m0 h26 ff6 fs32 fc4 sc0 ls3 ws3 gs8dd\">(migliaia di euro)<span class=\"_ _2ef\"> </span><span class=\"ff1 fs2\"> Amministratori <span class=\"_ _74\"> </span> Sindaci <span class=\"_ _41\"> </span> Altri<span class=\"_ _348\"> </span></span><span class=\"ff1 fs2\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8de\">Benefici a breve termine<span class=\"_ _e0\"> </span>612<span class=\"_ _26\"> </span>164<span class=\"_ _41\"> </span>1.341<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8df\">Benefici successivi al rapporto di lavoro<span class=\"_ _127\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _7c\"> </span>79<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8e0\">Altri benefici a lungo termine<span class=\"_ _56\"> </span> -<span class=\"_ _1ca\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8e1\">Indennit\u00e0 per cessazione del rapporto di lavoro<span class=\"_ _2bb\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8e2\">Costo figurativo \u201cPiano di incentivazione a medio termine\u201d<span class=\"_ _2f0\"> </span> -<span class=\"_ _1c3\"> </span> -<span class=\"_ _1fe\"> </span> 736<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs8e3\">Totale<span class=\"_ _1dc\"> </span>612<span class=\"_ _26\"> </span>164<span class=\"_ _41\"> </span>2.156<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13 gs8e4\">Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a cate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ria i<span class=\"_ _1\"></span>n og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to il d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>to res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 \u00e8 par<span class=\"_ _1\"></span>i a 56<span class=\"_ _1\"></span>8 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (6<span class=\"_ _1\"></span>4<span class=\"_ _6\"></span>1<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8e5\">migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls8 wsb9 gs8e6\">Informazioni ai<span class=\"_ _6\"></span> se<span class=\"_ _1\"></span>nsi dell\u2019<span class=\"_ _6\"></span>ar<span class=\"_ _1\"></span>t. 1<span class=\"_ _6\"></span>49<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span><span class=\"ff4 ls46 wsd9\">duodecies</span><span class=\"ls9 ws61\"> del Regolamento Emittenti Consob<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs8e7\">Nel<span class=\"_ _1\"></span>la ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lla a<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>gin<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nte ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti i c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio 20<span class=\"_ _1\"></span>22 pe<span class=\"_ _1\"></span>r i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs8e8\">resi dalla societ\u00e0 di re<span class=\"_ _0\"></span>visione.<span class=\"_ _348\"> </span></div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs8e9\">(migliaia di euro)<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs8ea\">Servizio reso<span class=\"_ _d9\"> </span>Societ\u00e0 erogante il servizio<span class=\"_ _257\"> </span>Destinatario<span class=\"_ _2f1\"> </span>Corrispettivi per l\u2019esercizio 2022<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8eb\">Revisione legale<span class=\"_ _25c\"> </span>EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _2f2\"> </span><span class=\"fc0\"> 215<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8ec\">Revisione legale<span class=\"_ _25c\"> </span>EY SpA <span class=\"_ _163\"> </span>Societ\u00e0 controllate <span class=\"_ _2e9\"> </span><span class=\"fc0\"> 118<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8ed\">Revisione legale<span class=\"_ _25c\"> </span>network EY <span class=\"_ _11d\"> </span>Societ\u00e0 controllate <span class=\"_ _2eb\"> </span><span class=\"fc0\"> 33<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8ee\">Altri servizi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hb0 ff6 fs35 fc4 sc0 ls3 ws3 gs8ef\">(*)<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8f0\">EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _202\"> </span><span class=\"fc0\"> 29<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8f1\">Altri servizi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hb0 ff6 fs35 fc4 sc0 ls3 ws3 gs8f2\">(**)<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs8f3\">EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _202\"> </span><span class=\"fc0\"> 20<span class=\"_ _348\"> </span></span><span class=\"fc0\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs8f4\">Totale<span class=\"_ _129\"> </span> 415<span class=\"_ _348\"> </span> </div><div class=\"t m0 h4c ff6 fs34 fc4 sc0 ls3 ws3 gs8f5\">(*)</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs8f6\">  <span class=\"_ _30\"> </span>Procedure concordate di revisione<span class=\"_ _348\"> </span></div><div class=\"t m0 h4c ff6 fs34 fc4 sc0 ls3 ws3 gs8f7\">(**)</div><div class=\"t m0 h44 ff6 fs32 fc4 sc0 ls3 ws3 gs8f8\">  <span class=\"_ _172\"> </span>Revisione limitata della Dichiarazione non finanziaria<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8f9\">Rho (<span class=\"_ _1\"></span>Mila<span class=\"_ _1\"></span>no), 1<span class=\"_ _6\"></span>5 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023</div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs8fa\"> <span class=\"_ _94\"> </span>p. Il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one</div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws3f gs8fb\"> <span class=\"_ _2d7\"> </span> Il<span class=\"_ _0\"></span> Presidente</div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs8fc\"> <span class=\"_ _287\"> </span>Carlo Bonomi<span class=\"_ _348\"> </span></div>Allegato 1<span class=\"_ _348\"> </span>El<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>co d<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e soc<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0 in<span class=\"_ _1\"></span>cl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>ea d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto e d<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e al<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i  al 31 di<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e 2<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>2<span class=\"_ _348\"> </span>Denominazione e sede sociale<span class=\"_ _348\"> </span>Quota posseduta %<span class=\"_ _348\"> </span>Attivit\u00e0 principale<span class=\"_ _348\"> </span>Capitale sociale (migliaia)<span class=\"_ _348\"> </span>(*)<span class=\"_ _348\"> </span>Totale Gruppo<span class=\"_ _348\"> </span>diretta Fiera Milano<span class=\"_ _348\"> </span>indiretta altre Soc. del Gruppo<span class=\"_ _348\"> </span>Quota posseduta dalle Soc. del Gruppo %<span class=\"_ _348\"> </span>A) Impresa controllante<span class=\"_ _118\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _2f3\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _18f\"> </span> <span class=\"_ _1fe\"> </span> </span>Fiera Milano SpA Milano, p.le Carlo Magno 1<span class=\"_ _348\"> </span>Organizzazione e ospitalit\u00e0 di manifestazioni fieristiche in Italia  42.445           B) Imprese controllate consolidate con il metodo integrale<span class=\"_ _2c3\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _2f3\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _18f\"> </span> <span class=\"_ _1fe\"> </span> </span>Fiera Milano Congressi SpA<span class=\"_ _348\"> </span>Milano, p.le Carlo Magno 1<span class=\"_ _348\"> </span>Gestione congressi  2.000   100   100     100   Fiera Milano SpA Nolostand SpA<span class=\"_ _348\"> </span>Milano, p.le Carlo Magno 1<span class=\"_ _348\"> </span>Servizi di allestimento<span class=\"_ _19\"> </span> 7.500 <span class=\"_ _14f\"> </span> 100 <span class=\"_ _14d\"> </span> 100 <span class=\"_ _18\"> </span> <span class=\"_ _17f\"> </span> 100   Fiera Milano SpA MADE eventi Srl Rho (Milano), strada Statale del Sempione n. 28<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche in Italia<span class=\"_ _12f\"> </span><span class=\"ws3\">10<span class=\"_ _18e\"> </span> 60 <span class=\"_ _1fb\"> </span> 60 <span class=\"_ _18\"> </span> <span class=\"_ _18c\"> </span> 60 <span class=\"_ _11\"> </span> Fiera Milano SpA </span>Fiera Milano Brasil Publica\u00e7\u00f5es e Eventos Ltda<span class=\"_ _348\"> </span>S\u00e3o Paulo, Avenida Ang\u00e9lica, n. 2491, Conjunto 204, Bairro Consola\u00e7\u00e3o<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia <span class=\"_ _2f4\"> </span> 99,99<span class=\"_ _4f\"> </span> Fiera Milano SpA R $ 97.981 <span class=\"_ _14f\"> </span> 100 <span class=\"_ _139\"> </span> 99,99 <span class=\"_ _194\"> </span> 0,01 <span class=\"_ _30\"> </span> 0,01 <span class=\"_ _52\"> </span> Nolostand SpA Fiera Milano Exhibitions Africa Pty Ltd<span class=\"_ _348\"> </span>Cape Town, 4th Floor, Brewster Building - 77 Hout Street<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia<span class=\"_ _259\"> </span> ZAR 0,6 <span class=\"_ _14f\"> </span> 100 <span class=\"_ _14f\"> </span> 100 <span class=\"_ _18\"> </span> <span class=\"_ _180\"> </span> 100 <span class=\"_ _4f\"> </span>Fiera Milano SpA<span class=\"_ _348\"> </span>C) Imprese a controllo congiunto consolidate  con il metodo del patrimonio netto<span class=\"_ _a6\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _26b\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _18f\"> </span> <span class=\"_ _1fe\"> </span> </span>Hannover Milano Global Germany GmbH<span class=\"_ _348\"> </span>Hannover Germany, Messegelaende<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia<span class=\"_ _41\"> </span> 25 <span class=\"_ _1fb\"> </span> 49 <span class=\"_ _1fc\"> </span> 49 <span class=\"_ _18\"> </span> <span class=\"_ _18c\"> </span> 49 <span class=\"_ _c\"> </span> Fiera Milano SpA Hannover Milano Fairs Shanghai Ltd<span class=\"_ _348\"> </span>Shanghai China, Pudong Office Tower<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia<span class=\"_ _130\"> </span> USD 500 <span class=\"_ _1fb\"> </span> 49 <span class=\"_ _2b1\"> </span> <span class=\"_ _1f6\"> </span> 100 <span class=\"_ _2e5\"> </span> 100  Hannover Milano Global Germany GmbH<span class=\"_ _348\"> </span>Hannover Milano Fairs China Ltd<span class=\"_ _348\"> </span>Hong Kong China, Golden Gate Building<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia<span class=\"_ _ce\"> </span> HKD 10 <span class=\"_ _1fb\"> </span> 49 <span class=\"_ _2b1\"> </span> <span class=\"_ _1f6\"> </span> 100 <span class=\"_ _50\"> </span> 100  Hannover Milano Global Germany GmbH<span class=\"_ _348\"> </span>Hannover Milano Fairs India Pvt. Ltd<span class=\"_ _348\"> </span>East Mumbai, Andheri<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia INR 274.640 <span class=\"_ _36\"> </span> 48,99 <span class=\"_ _194\"> </span> <span class=\"_ _194\"> </span> 99,99 <span class=\"_ _136\"> </span> 99,99  Hannover Milano Global Germany GmbH<span class=\"_ _348\"> </span>Hannover Milano Best Exhibitions Co., Ltd<span class=\"_ _348\"> </span>Guangzhou China, West Tower, Poly World Trade Center<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia RMB 1.000 <span class=\"_ _36\"> </span> 24,99 <span class=\"_ _194\"> </span> <span class=\"_ _17\"> </span> 51 <span class=\"_ _180\"> </span> 51  Hannover Milano Fairs Shanghai Co. Ltd<span class=\"_ _348\"> </span>Hannover Milano XZQ Exhibitions Co., Ltd<span class=\"_ _348\"> </span>Shenzhen China<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche fuori dall\u2019Italia<span class=\"_ _17\"> </span> RMB 100 <span class=\"_ _139\"> </span> 29,40 <span class=\"_ _2b1\"> </span> <span class=\"_ _17\"> </span> 60 <span class=\"_ _180\"> </span> 60  Hannover Milano Fairs Shanghai Co. Ltd<span class=\"_ _348\"> </span>Ipack Ima Srl<span class=\"_ _348\"> </span>Rho, S.S. del Sempione km.28<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche in Italia<span class=\"_ _195\"> </span><span class=\"ws3\"> 20 <span class=\"_ _1fb\"> </span> 49 <span class=\"_ _1fc\"> </span> 49 <span class=\"_ _18\"> </span> <span class=\"_ _18c\"> </span> 49 <span class=\"_ _c\"> </span> Fiera Milano SpA<span class=\"_ _348\"> </span></span>MiCo DMC Srl<span class=\"_ _348\"> </span>Milano, p.le Carlo Magno 1<span class=\"_ _348\"> </span>Servizi di destination management<span class=\"_ _2a\"> </span><span class=\"ff6\"> 10 <span class=\"_ _1fc\"> </span> 51 <span class=\"_ _194\"> </span> <span class=\"_ _17\"> </span> 51 <span class=\"_ _180\"> </span> 51 </span> Fiera Milano Congressi SpA<span class=\"_ _348\"> </span>Ge.Fi. SpA<span class=\"_ _348\"> </span>Milano, v.le Achille Papa 30<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche in Italia<span class=\"_ _16d\"> </span><span class=\"ws3\"> 1.000 <span class=\"_ _1fc\"> </span> 25 <span class=\"_ _1fb\"> </span> 25 <span class=\"_ _18\"> </span> <span class=\"_ _18c\"> </span> 25 <span class=\"_ _11\"> </span> Fiera Milano SpA<span class=\"_ _348\"> </span></span>Mi-View Srl<span class=\"_ _348\"> </span>Milano, v.le Achille Papa 30<span class=\"_ _348\"> </span>Organizzazione di manifestazioni fieristiche in Italia<span class=\"_ _195\"> </span><span class=\"ws3\"> 10 <span class=\"_ _1fb\"> </span> 25 <span class=\"_ _2b1\"> </span> <span class=\"_ _17\"> </span> 25 <span class=\"_ _50\"> </span> 100 <span class=\"_ _193\"> </span> Ge.Fi.SpA<span class=\"_ _348\"> </span></span>D) Elenco delle partecipazioni valutate con il metodo del costo<span class=\"_ _16e\"> </span><span class=\"fc4\"> <span class=\"_ _244\"> </span> <span class=\"_ _26b\"> </span> <span class=\"_ _1bc\"> </span> <span class=\"_ _168\"> </span><span class=\"ff6\"> <span class=\"_ _18f\"> </span></span> <span class=\"_ _174\"> </span> </span>Comitato Golden Card<span class=\"_ _348\"> </span>Cinisello Balsamo, viale Fulvio Testi 128<span class=\"_ _134\"> </span>Altre attivit\u00e0<span class=\"_ _179\"> </span> 3 <span class=\"_ _36\"> </span> 33,33 <span class=\"_ _36\"> </span> 33,33 <span class=\"_ _18\"> </span> <span class=\"_ _30\"> </span> 33,33 <span class=\"_ _c\"> </span> Fiera Milano SpA<span class=\"_ _348\"> </span>(*)  <span class=\"_ _30\"> </span>in euro o altra valuta come specificamente indicato<span class=\"_ _348\"> </span><div class=\"t m0 h8 ff1 fs5 fc3 sc0 ls3 ws3 gs8fe\">Attestazione relativa al Bilancio Consolidato ai sensi dell\u2019art.154<span class=\"_ _348\"> </span> </div><div class=\"t m0 h8 ff4 fs5 fc3 sc0 ls3 ws3 gs8ff\">bis<span class=\"ff1\"> comma 5 del D.Lgs. del 24 febbraio 1998, n. 58<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff1 fs8 fc3 sc0 ls2d ws96 gs900\">1. <span class=\"ff6 fc4 ls3 wscf\"> <span class=\"_ _4e\"> </span>I s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tosc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti, Lu<span class=\"_ _1\"></span>ca Pal<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>mo, in q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>i Am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e De<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>gato, e A<span class=\"_ _1\"></span>ndr<span class=\"_ _1\"></span>ea Ma<span class=\"_ _1\"></span>ldi, i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 di Di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span></span><span class=\"ff6 fc4 ls3 wscf\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9e gs901\">pre<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sto al<span class=\"_ _1\"></span>la re<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei do<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i soc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i di Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA<span class=\"_ _1\"></span>, at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>no, ten<span class=\"_ _1\"></span>uto an<span class=\"_ _1\"></span>che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs902\">di qua<span class=\"_ _1\"></span>nto pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>. 1<span class=\"_ _6\"></span>5<span class=\"_ _1\"></span>4-<span class=\"_ _1\"></span><span class=\"ff12 ls37 wsa0\">bis</span>, com<span class=\"_ _1\"></span>mi 3 e 4, de<span class=\"_ _1\"></span>l de<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>to leg<span class=\"_ _1\"></span>isl<span class=\"_ _1\"></span>ativo 24 febb<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>io 1<span class=\"_ _0\"></span>99<span class=\"_ _1\"></span>8, n. 58:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs903\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">l\u2019<span class=\"_ _6\"></span>adeguatezza in relazione alle carat<span class=\"_ _1\"></span>teristiche dell\u2019<span class=\"_ _6\"></span>imp<span class=\"_ _1\"></span>resa e<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs904\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws1c1\">l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tiva a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ure a<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tive e co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r la fo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span></span><span class=\"fc4 ws1c1\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs905\">con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to nel c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff1 fs8 fc3 sc0 ls3 ws3 gs906\">2<span class=\"_ _1\"></span>. <span class=\"ff6 fc4\"> <span class=\"_ _135\"> </span>Si at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a, in<span class=\"_ _1\"></span>olt<span class=\"_ _1\"></span>re, ch<span class=\"_ _1\"></span>e:<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs907\">2.<span class=\"_ _4\"></span>1  <span class=\"_ _12\"> </span>il bilan<span class=\"_ _1\"></span>cio c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>ida<span class=\"_ _1\"></span>to al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2022:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws19b gs908\">- <span class=\"_ _7\"></span>\u00e8 r<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to in co<span class=\"_ _1\"></span>nfo<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>t\u00e0 a<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ciu<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>lla C<span class=\"_ _1\"></span>omu<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc7 gs909\">eur<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>ea ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>el re<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>lam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to (CE) n<span class=\"_ _1\"></span>. 1<span class=\"_ _0\"></span>60<span class=\"_ _1\"></span>6/20<span class=\"_ _1\"></span>02 d<span class=\"_ _1\"></span>el Pa<span class=\"_ _1\"></span>rla<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto eu<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>eo e d<span class=\"_ _1\"></span>el C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igl<span class=\"_ _1\"></span>io, del 1<span class=\"_ _348\"> </span>9 </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls44 ws8b gs90a\">luglio<span class=\"_ _0\"></span> 2002;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs90b\">- <span class=\"_ _34\"> </span>cor<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ze dei li<span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>i e del<span class=\"_ _1\"></span>le sc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ture c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws98 gs90c\">-  \u00e8 idoneo a fornire una rappresentazione veritiera e corret<span class=\"_ _1\"></span>ta della situazione patrimoniale, economica<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs90d\">e finanziaria dell\u2019<span class=\"_ _6\"></span>emittente e<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>insieme delle imprese incluse nel consolidamento<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws2a gs90e\">2.2  <span class=\"_ _3\"></span>la relazione sulla gestione comprende un\u2019<span class=\"_ _6\"></span>analisi attendibile dell\u2019<span class=\"_ _6\"></span>andamento e del<span class=\"_ _0\"></span> risultato della gestione,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws232 gs90f\">nonch\u00e9 della situazione dell\u2019<span class=\"_ _6\"></span>emittente e<span class=\"_ _0\"></span> dell\u2019<span class=\"_ _0\"></span>insieme delle imprese incluse nel consolidamento,<span class=\"_ _0\"></span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs910\">uni<span class=\"_ _1\"></span>tam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>li ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi e inc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>ze cu<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs911\">Rho (<span class=\"_ _1\"></span>Mila<span class=\"_ _1\"></span>no), 1<span class=\"_ _6\"></span>5 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023</div><div class=\"t m0 h5e ff12 fs8 fc4 sc0 ls4a ws233 gs912\"> Fir<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>to <span class=\"_ _2f5\"> </span>Fir<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>to</div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls3 ws3 gs913\"> <span class=\"_ _16a\"> </span><span class=\"ff1 ls8 wsb9\">Am<span class=\"_ _1\"></span>ministratore Delegato<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws3\"> <span class=\"_ _4b\"> </span><span class=\"ff1 ls2b ws5e\">Dirigente<span class=\"_ _0\"></span> preposto alla<span class=\"_ _0\"></span> redazione</span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs914\"> <span class=\"_ _2f6\"> </span>Luc<span class=\"_ _1\"></span>a Pal<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>mo <span class=\"_ _29c\"> </span><span class=\"ff1 ls36 ws84\">dei documen<span class=\"_ _0\"></span>ti contabili<span class=\"_ _0\"></span> societari</span></div><div class=\"t m0 hd ff1 fs8 fc4 sc0 ls3 ws234 gs915\">  <span class=\"_ _c6\"> </span><span class=\"ff6 ls46 wsd9\">Andrea Maldi</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "Il bil<span class=\"_ _1\"></span>anc<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>oli<span class=\"_ _1\"></span>dato de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no, pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>so a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>22, \u00e8 stato a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rovato da<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>Con<span class=\"_ _1\"></span>sig<span class=\"_ _1\"></span>lio di A<span class=\"_ _1\"></span>m<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in d<span class=\"_ _1\"></span>ata 15 mar<span class=\"_ _1\"></span>zo 2023, ch<span class=\"_ _1\"></span>e ne ha a<span class=\"_ _1\"></span>utor<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to la pu<span class=\"_ _1\"></span>bbli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o Fie<span class=\"_ _1\"></span>ra M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>idi<span class=\"_ _1\"></span>a tut<span class=\"_ _1\"></span>te le fa<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l se<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tore fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>co e c<span class=\"_ _1\"></span>ong<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>le, pr<span class=\"_ _1\"></span>opo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span>come uno dei maggiori operatori int<span class=\"_ _0\"></span>egrati a livello<span class=\"_ _0\"></span> mondiale.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>ste ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>are m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e al<span class=\"_ _1\"></span>tri eve<span class=\"_ _1\"></span>nti, p<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>uovend<span class=\"_ _1\"></span>o e met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o a disp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span><span class=\"_ _1\"></span> gli sp<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zi es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>ivi at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati, of<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo a<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>he su<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le e s<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>izi c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>ati. In p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>re, in qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to amb<span class=\"_ _1\"></span>ito<span class=\"_ _348\"> </span><span class=\"_ _1\"></span> rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate all\u2019offe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni fie<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>che (<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi fina<span class=\"_ _1\"></span>li a e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>tori e v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>).<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nnot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di d<span class=\"_ _1\"></span>upl<span class=\"_ _1\"></span>ice n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a: <span class=\"ff12 ls37 wsa0\">(i)</span><span class=\"ls7 ws12\"> maggiore concentra<span class=\"_ _1\"></span>zione delle<span class=\"_ _348\"> </span></span>manifesta<span class=\"_ _1\"></span>zioni fieristiche nel semestre gennaio-<span class=\"_ _1\"></span>giugno;<span class=\"_ _0\"></span> <span class=\"ff12 ls37 wsa0\">(ii)</span> manifesta<span class=\"_ _1\"></span>zioni fieristiche a cadenza pluriennale.<span class=\"_ _348\"> </span>Per maggiori dettagli sulla struttura del Gruppo si rimanda allo specifico capitolo della relazione sulla gestione.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "L\u2019attivit\u00e0 del Gruppo consiste nell\u2019ospitare manifestazioni fieristiche e altri eventi, promuovendo e mettendo a disposizione gli spazi espositivi attrezzati, offrendo anche supporto progettuale e servizi correlati. In particolare, in questo ambito rientrano le attivit\u00e0 finalizzate all\u2019offerta di manifestazioni fieristiche (inclusi i servizi finali a espositori e visitatori). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "<div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd5 gs6\">L<span class=\"_ _8\"></span>\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nnot<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di s<span class=\"_ _1\"></span>tag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0 di d<span class=\"_ _1\"></span>upl<span class=\"_ _1\"></span>ice n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a: <span class=\"ff12 ls37 wsa0\">(i)</span><span class=\"ls7 ws12\"> maggiore concentra<span class=\"_ _1\"></span>zione delle<span class=\"_ _348\"> </span></span><span class=\"ls7 ws12\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs7\">manifesta<span class=\"_ _1\"></span>zioni fieristiche nel semestre gennaio-<span class=\"_ _1\"></span>giugno;<span class=\"_ _0\"></span> <span class=\"ff12 ls37 wsa0\">(ii)</span> manifesta<span class=\"_ _1\"></span>zioni fieristiche a cadenza pluriennale.<span class=\"_ _348\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfReasonWhyFinancialStatementsAreNotEntirelyComparable",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "1)   Principi contabili e criteri di consolidamento 1.1   Principi di redazione Il presente bilancio consolidato \u00e8 stato predisposto nel rispetto dei Principi Contabili Internazionali IAS/IFRS in vigore al 31 dicembre 2022, emessi dall\u2019International Accounting Standard Board (IASB) ed omologati dall\u2019Unione Europea, dei relativi documenti interpretativi nonch\u00e9 dei provvedimenti emanati in attuazione dell\u2019art.9 del D.Lgs. n. 38/2005. I principi contabili adottati nella predisposizione del presente bilancio consolidato sono gli stessi utilizzati nel bilancio al 31 dicembre 2021, ad eccezione di quelli applicabili dal 1\u00b0 gennaio 2022 e successivamente illustrati. Avendo riguardo alla situazione economico patrimoniale del 2022, alle proiezioni economico-finanziarie 2023- 2026 approvate dal Consiglio di Amministrazione in data 20 febbraio 2023, che confermano le previsioni di medio termine gi\u00e0 incluse nel piano strategico CONN.E.C.T. 2025 adeguandole al nuovo contesto macroeconomico, caratterizzato dall\u2019incremento dei costi energetici e dei tassi di interesse e tenuto conto delle previsioni di andamento del capitale circolante e della situazione finanziaria e patrimoniale del Gruppo, il bilancio \u00e8 stato redatto nella prospettiva della continuit\u00e0 aziendale. Il bilancio \u00e8 presentato in euro e tutti i valori sono arrotondati alle migliaia di euro, se non altrimenti indicato. Il bilancio fornisce informazioni comparative riferite all\u2019esercizio precedente. Nel corso dell\u2019esercizio 2022 non sono state concluse operazioni atipiche e/o inusuali. I rischi e le incertezze relative al business e al Gruppo sono descritti nella Relazione sulla gestione al paragrafo \u201cPrincipali fattori di rischio cui il Gruppo \u00e8 esposto\u201d e nelle Note esplicative ed integrative alla nota 34 e nel paragrafo 1.6 \u201cUso di Stime\u201d. Il presente bilancio \u00e8 assoggettato a revisione legale da parte della societ\u00e0 di revisione EY SpA. Conflitto Russia-Ucraina L\u2019invasione dell\u2019Ucraina da parte della Russia e le sanzioni imposte a livello comunitario hanno influenzato un tessuto economico, nazionale ed europeo, gi\u00e0 colpito dagli effetti distruttivi della pandemia di Covid-19 e che tentava progressivamente e faticosamente di riprendersi da una prolungata situazione di crisi generale. La guerra tra Mosca e Kiev ha aggravato inoltre ulteriormente il problema dell\u2019aumento dei costi delle risorse energetiche, gas e petrolio, registrato gi\u00e0 prima dello scoppio della guerra, e lo ha esteso ai costi di altri settori economici. Alla luce di queste considerazioni, il Consiglio di Amministrazione di Fiera Milano, a seguito dell\u2019approvazione in data 15 dicembre 2022 del Budget 2023, ha aggiornato il target di EBITDA per l\u2019esercizio 2023, per meglio riflettere nelle proiezioni il mutato scenario macroeconomico rispetto alla pubblicazione delle stime nel piano strategico CONN.E.C.T. 2025, risalente a febbraio 2021. A fronte di un recupero del business per Fiera Milano pi\u00f9 veloce rispetto alle previsioni di mercato, si ritiene che tale nuovo target per il 2023 sia ragionevole alla luce dell\u2019incertezza che tutt\u2019ora persiste a causa del mutato scenario dei costi energetici e delle tensioni geopolitiche in atto. Con particolare riferimento ai rincari energetici il Gruppo ha implementato di specifici piani di mitigazione dei rischi volti all\u2019efficientamento energetico dei padiglioni espositivi, prevedendo inoltre la possibilit\u00e0 di ampliare l\u2019impianto fotovoltaico installato sui tetti del quartiere di Rho. Impatti climatici e ambientali Con riferimento alle raccomandazioni dell'Autorit\u00e0 europea degli strumenti finanziari e dei mercati (ESMA) circa l\u2019importanza degli aspetti legati ai cambiamenti climatici, nonch\u00e9 delle evoluzioni del contesto normativo a livello comunitario, il Gruppo Fiera Milano ha valutato le implicazioni rispetto ai potenziali rischi, fisici e transizionali, derivanti dai cambiamenti climatici. In particolare, nell\u2019ambito del framework disegnato dalle linee guida della TCFD \u2013 Task Force on Climate Related Financial Disclosure, che prevede due macro classi di rischi legati al cambiamento climatico, riconducibili a (i) rischi fisici (acuti/cronici) e (ii) rischi di transizione (normativi/di mercato/ tecnologici/reputazionali), si ritiene che lo scenario di rischio maggiormente applicabile per le attivit\u00e0 del Gruppo sia quello relativo a fenomeni meteorologici estremi (classificazione TCFD Physical/Acute). Eventi meteorologici estremi e disastri naturali espongono il Gruppo al rischio di danni ad asset e infrastrutture (es. quartiere di Rho e Centro Congressi MiCo), che potrebbero pregiudicare il corretto svolgimento degli eventi fieristici e congressuali, costringendo il Gruppo a sospendere o interrompere la propria attivit\u00e0, con conseguenze negative sia in termini economici, patrimoniali e finanziari sia in termini reputazionali. In questo contesto, le valutazioni sopraccitate portano a ritenere che il Gruppo non risulti essere particolarmente esposto, nel breve termine, ai rischi fisici connessi al cambiamento climatico. Alla luce di tali valutazioni, nel complesso, il Gruppo non prevede impatti finanziari significativi nel breve termine dei rischi climatici sulle proprie operazioni e/o sulla valutazione delle proprie attivit\u00e0 e passivit\u00e0. 1.2  Nuovi principi contabili, interpretazioni e modifiche adottati Il Gruppo ha adottato per la prima volta alcuni principi contabili e modifiche che sono in vigore per gli esercizi che hanno inizio dal 1\u00b0 gennaio 2022. Il Gruppo non ha adottato anticipatamente alcun nuovo principio, interpretazione o modifica emesso ma non ancora in vigore. I seguenti nuovi principi e le seguenti modifiche sono efficaci dal 1\u00b0 gennaio 2022: \u2022  Reference to the Conceptual Framework \u2013 Amendments to IFRS 3; \u2022  Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16; \u2022  Onerous Contracts \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37; \u2022  IFRS 1 First-time Adoption of International Financial Reporting Standards \u2013 Subsidiary as a first-time adopter; \u2022  IFRS 9 Financial Instruments \u2013 \u201cFees in the \u201910 per cent'test for derecognition of financial liabilities\u201d: la modifica chiarisce quali fees sono da considerare nell\u2019esecuzione del test in applicazione del par. B3.3.6 dell\u2019IFRS 9, per valutare la cancellazione di una passivit\u00e0 finanziaria; \u2022  IAS 41 Agriculture \u2013 Taxation in fair value measurements. Detti emendamenti, di portata limitata, introducono modifiche e chiarimenti di rilevanza minore e non hanno determinato impatti per il Gruppo. Sono di seguito illustrati i principi e le interpretazioni che, alla data di redazione del bilancio consolidato del Gruppo, erano gi\u00e0 stati emanati ma non erano ancora in vigore. Il Gruppo intende adottare questi principi e interpretazioni, se applicabili, quando entreranno in vigore . IFRS 17 Insurance Contracts Nel maggio 2017, lo IASB ha emesso l\u2019IFRS 17 Insurance Contracts, un nuovo principio completo relativo ai contratti di assicurazione che copre la rilevazione e misurazione, presentazione ed informativa. Quando entrer\u00e0 in vigore l\u2019IFRS 17 sostituir\u00e0 l\u2019IFRS 4 Contratti Assicurativi che \u00e8 stato emesso nel 2005. L\u2019IFRS 17 si applica a tutti i tipi di contratti assicurativi (ad esempio: vita, non vita, assicurazione diretta, ri-assicurazione) indipendentemente dal tipo di entit\u00e0 che li emette, come anche ad alcune garanzie e strumenti finanziari con caratteristiche di partecipazione discrezionale. Allo scopo si applicherano limitate eccezioni. L\u2019obiettivo generale dell\u2019IFRS 17 \u00e8 quello di presentare un modello contabile per i contratti di assicurazione che sia pi\u00f9 utile e coerente per gli assicuratori. In contrasto con le previsioni dell\u2019IFRS 4 che sono largamente basate sul mantenimento delle politiche contabili precedenti, l\u2019IFRS 17 fornisce un modello completo per i contratti assicurativi che copre tutti gli aspetti contabili rilevanti. Il cuore dell\u2019IFRS 17 \u00e8 il modello generale, integrato da: \u2022  uno specifico adattamento per i contratti con caratteristiche di partecipazione diretta (il variable fee approach); \u2022  un approccio semplificato (l\u2019approccio dell\u2019allocazione del premio) principalmente per i contratti di breve durata. L\u2019IFRS 17 sar\u00e0 in vigore per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e richieder\u00e0 la presentazione dei saldi comparativi. \u00c8 permessa l\u2019applicazione anticipata, nel qual caso l\u2019entit\u00e0 deve aver adottato anche l\u2019IFRS 9 e l\u2019IFRS 15 alla data di prima applicazione dell\u2019IFRS 17 o precedentemente. Amendments to IAS 1: Classification of Liabilities as Current or Non-current Nel gennaio 2020, lo IASB ha pubblicato delle modifiche ai pragrafi da 69 a 76 dello IAS 1 per specificare i requisiti per classificare le passivit\u00e0 come correnti o non correnti. Le modifiche chiariscono: \u2022  cosa si intende per diritto di postergazione della scadenza; \u2022  che il diritto di postergazione deve esistere alla chiusura dell\u2019esercizio; \u2022  la classificazione non \u00e8 impattata dalla probabilit\u00e0 con cui l\u2019entit\u00e0 eserciter\u00e0 il proprio diritto di postergazione; \u2022  solamente se un derivato implicito in una passivit\u00e0 convertibile \u00e8 esso stesso uno strumento di capitale la scadenza della passivit\u00e0 non ha impatto sulla sua classificazione. Le modifiche saranno efficaci per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e dovranno essere applicate retrospettivamente. Il Gruppo sta al momento valutando l\u2019impatto che le modifiche avranno sulla situazione corrente. Definizione di stima contabile \u2013 Modifiche allo IAS 8 Nel febbraio 2021 lo IASB ha emesso degli emendamenti allo IAS 8, in cui introduce una definizione di \u201cstime contabili\u201d. Le modifiche chiariscono la distinzione tra cambiamenti nelle stime contabili e cambiamenti nei principi contabili e correzione di errori. Inoltre, chiariscono come le entit\u00e0 utilizzano tecniche di misurazione e input per sviluppare stime contabili. Le modifiche sono efficaci per gli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023 e si applicano ai cambiamenti di principi contabili e a cambiamenti nelle stime contabili che si verificano a partire dall\u2019inizio di tale periodo o successivamente. L\u2019applicazione anticipata \u00e8 consentita a condizione che tale fatto sia reso noto. Non si prevede che le modifiche avranno un impatto significativo sul Gruppo. Informativa sui principi contabili - Modifiche allo IAS 1 e IFRS Practice Statement 2 Nel febbraio 2021, lo IASB ha emesso degli emendamenti allo IAS 1 e all\u2019IFRS Practice Statement 2 Making Materiality Judgements, in cui fornisce linee guida ed esempi per aiutare le entit\u00e0 ad applicare giudizi di materialit\u00e0 all\u2019informativa sui principi contabili. Le modifiche mirano ad aiutare le entit\u00e0 a fornire informazioni sui principi contabili pi\u00f9 utili sostituendo l\u2019obbligo per le entit\u00e0 di fornire le proprie politiche contabili \u201csignificative\u201d con l\u2019obbligo di fornire informativa sui propri principi contabili \u201crilevanti\u201d; inoltre, sono aggiunte linee guida su come le entit\u00e0 applicano il concetto di rilevanza nel prendere decisioni in merito all\u2019informativa sui principi contabili . Le modifiche allo IAS 1 sono applicabili a partire dagli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023, \u00e8 consentita l\u2019applicazione anticipata. Poich\u00e9 le modifiche al PS 2 forniscono indicazioni non obbligatorie sull\u2019applicazione della definizione di materialit\u00e0 all\u2019informativa sui principi contabili, non \u00e8 necessaria una data di entrata in vigore per tali modifiche. Il Gruppo sta attualmente valutando l\u2019impatto delle modifiche per determinare l\u2019impatto che avranno sull\u2019informativa sui principi contabili di Gruppo. Imposte differite relative ad attivit\u00e0 e passivit\u00e0 derivanti da una singola transazione \u2013 Modifiche allo IAS 12 Nel maggio del 2021, lo IASB ha emesso le modifiche allo IAS 12, restringendo l\u2019ambito di applicazione dell\u2019initial recognition exception inclusa nello IAS 12, che non dovr\u00e0 essere pi\u00f9 applicata a quelle transazioni che fanno nascere differenze temporanee tassabili e deducibili in egual misura. Le modifiche dovranno essere applicate alle transazioni che avvengono successivamente o all\u2019inizio del periodo comparativo presentato. Ulteriormente, all\u2019inizio del periodo comparativo presentato, imposte differite attive (in presenza dell\u2019esistenza di sufficienti redditi imponibili) ed imposte differite passive dovranno essere riconosciute per tutte le differenze temporanee deducibili e tassabili associate ai leasing e fondi di ripristino. Il Gruppo sta attualmento valutando gli impatti di tali modifiche. 1.3  Forma e contenuto dei prospetti contabili consolidati Relativamente alla forma e al contenuto dei prospetti contabili consolidati il Gruppo ha operato le seguenti scelte: \u2022  il prospetto della situazione patrimoniale - finanziaria consolidata viene presentato a sezioni contrapposte con separata indicazione delle Attivit\u00e0, Passivit\u00e0 e Patrimonio Netto. A loro volta le Attivit\u00e0 e le Passivit\u00e0 vengono esposte sulla base della loro classificazione in correnti, non correnti e destinate alla vendita; \u2022  il conto economico \u00e8 classificato in base alla natura dei costi; esso \u00e8 presentato con due prospetti, il primo (conto economico) mostra le componenti del risultato dell\u2019esercizio; il secondo (conto economico complessivo) invece, partendo dal risultato dell\u2019esercizio, contiene le voci di ricavo e di costo che non sono rilevate nell\u2019utile (perdita) del periodo bens\u00ec nel patrimonio netto; \u2022  il rendiconto finanziario consolidato viene rappresentato secondo il metodo indiretto; \u2022  il prospetto delle variazioni di patrimonio netto consolidato viene presentato con evidenza separata del risultato di conto economico complessivo e delle transazioni poste in essere con i Soci. 1.4  Area e principi di consolidamento Il presente bilancio consolidato include la Capogruppo Fiera Milano SpA, le Societ\u00e0 controllate e le imprese a controllo congiunto. Il bilancio consolidato \u00e8 redatto sulla base dei bilanci al 31 dicembre 2022 approvati dagli Organi Amministrativi delle societ\u00e0 incluse nell\u2019area di consolidamento, predisposti in base ai principi contabili di Gruppo in conformit\u00e0 agli IAS/IFRS. In relazione all\u2019area di consolidamento si segnala che in data 23 novembre 2022 \u00e8 perfezionata l\u2019acquisizione da parte di Fiera Milano di una partecipazione pari al 25% del capitale sociale di Ge.Fi. SpA, della sua controllata Mi-View Srl, come meglio descritto al capitolo 2 Informativa su Joint venture e Societ\u00e0 collegate. Imprese controllate Le societ\u00e0 controllate sono consolidate a partire dalla data in cui il controllo \u00e8 stato effettivamente trasferito al Gruppo e cessano di essere consolidate alla data in cui il controllo \u00e8 trasferito a terzi. Il valore di carico delle partecipazioni consolidate viene eliminato contro la corrispondente quota di patrimonio netto alla data di acquisizione, a fronte dell\u2019assunzione delle attivit\u00e0 e delle passivit\u00e0 risultanti dai rispettivi bilanci secondo il metodo dell\u2019integrazione globale. Per la contabilizzazione delle acquisizioni di controllate viene utilizzato il metodo dell\u2019acquisto cos\u00ec come richiesto dall\u2019IFRS 3 rivisto nel 2008. L\u2019ammontare del capitale e delle riserve delle societ\u00e0 controllate corrispondente a partecipazioni di minoranza \u00e8 iscritto nella voce del patrimonio netto denominata \u201cCapitale e riserve \u2013 interessenze di minoranza\u201d e la quota del risultato economico consolidato corrispondente a partecipazioni di minoranza \u00e8 iscritta nella voce denominata \u201cRisultato netto \u2013 interessenze di minoranza\u201d. Joint venture Una  joint venture \u00e8 un accordo a controllo congiunto nel quale le parti che detengono il controllo congiunto vantano diritti sulle attivit\u00e0 nette dell\u2019accordo. Il Gruppo rileva la propria interessenza nella joint venture come una partecipazione e deve contabilizzarla seguendo il metodo del patrimonio netto in conformit\u00e0 allo IAS 28 Partecipazioni in societ\u00e0 collegate e joint venture. Nel passaggio dal metodo proporzionale al metodo del patrimonio netto, viene rilevata la partecipazione nella joint venture all\u2019inizio del primo esercizio oggetto di presentazione. Al momento della rilevazione iniziale, tale partecipazione deve essere calcolata come l\u2019ammontare complessivo dei valori contabili delle attivit\u00e0 e delle passivit\u00e0 che l\u2019entit\u00e0 aveva in precedenza consolidato proporzionalmente, incluso qualsiasi avviamento derivante dall\u2019acquisizione. Se l\u2019avviamento precedentemente apparteneva a una unit\u00e0 generatrice di flussi finanziari di dimensioni maggiori, o a un gruppo di unit\u00e0 generatrici di flussi finanziari, l\u2019entit\u00e0 deve attribuire l\u2019avviamento alla joint venture in base ai relativi valori contabili della joint venture e dell\u2019unit\u00e0 generatrice di flussi finanziari, o del gruppo di unit\u00e0 generatrici di flussi finanziari di appartenenza. Operazioni infragruppo Nella predisposizione del bilancio consolidato sono elisi i saldi derivanti da rapporti intercorsi tra le societ\u00e0 incluse nell\u2019area di consolidamento in particolare le partite di debito e credito, i costi e i ricavi cos\u00ec come gli utili e le perdite non ancora realizzati e tutte le altre operazioni poste fra le entit\u00e0 consolidate. Conversione di bilanci in moneta diversa dall\u2019euro Alla data di chiusura dell\u2019esercizio, le attivit\u00e0 e le passivit\u00e0 delle societ\u00e0 consolidate la cui valuta di conto \u00e8 diversa dall\u2019euro, sono convertite nella valuta di presentazione dei conti consolidati di Gruppo al tasso di cambio in vigore a tale data. Le voci di conto economico sono convertite al cambio medio dell\u2019esercizio e le differenze derivanti dall\u2019adeguamento del patrimonio netto iniziale ai cambi correnti di fine esercizio nonch\u00e9 le differenze derivanti dalla diversa metodologia usata per la conversione del risultato dell\u2019esercizio sono rilevate nelle altre componenti del conto economico complessivo, accumulate in una specifica riserva di patrimonio netto. I tassi di cambio utilizzati per la conversione in euro dei bilanci 2021 e 2020 delle societ\u00e0 estere sono esposti nella tabella che segue:  medio 2022 medio 2021 31/12/22 31/12/21 Rand sudafricano 17,21 17,48 18,10 18,06 Real brasiliano 5,44 6,38 5,64 6,31 Fonte: Banca d\u2019Italia 1.5  Sintesi dei principi contabili e criteri di valutazione Business combination Le aggregazioni aziendali sono contabilizzate utilizzando il metodo dell\u2019acquisto (purchase method) previsto dall\u2019IFRS 3 rivisto nel 2008. Secondo tale metodo il corrispettivo trasferito in una business combination \u00e8 valutato al fair value, determinato come somma dei fair value delle attivit\u00e0 trasferite e delle passivit\u00e0 assunte dal Gruppo alla data di acquisizione e degli strumenti di capitale emessi in cambio del controllo dell\u2019entit\u00e0 acquisita. Gli oneri accessori alla transazione sono rilevati nel prospetto di conto economico complessivo nel momento in cui sono sostenuti e classificati tra le spese amministrative . Di seguito si evidenzia in dettaglio il conto economico e la situazione patrimoniale delle attivit\u00e0 destinate alla vendita: Conto economico attivit\u00e0 destinate alla vendita (migliaia di euro)  2022 2021 Ricavi delle vendite e delle prestazioni - 7.454 di cui parti correlate -  21 Totale ricavi - 7.454 Costi per materiali - 17 Costo per servizi - 3.140 di cui parti correlate -  301 Costi per godimento di beni di terzi - 1 Costi del personale - 769 Altre spese operative - 99 Totale Costi Operativi - 4.026 Risultato netto dell'esercizio delle attivit\u00e0 destinate alla vendita - 3.428 Si segnala che al 31 dicembre 2021 il risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita ammonta a 4.600 migliaia di euro e si riferisce per 3.428 migliaia di euro al conferimento del ramo d\u2019azienda relativo alla manifestazione \u201cTuttofood\u201d e per 1.172 migliaia di euro alla cessione del ramo d\u2019azienda relativo alle testate editoriali. Situazione patrimoniale attivit\u00e0 destinate alla vendita (migliaia di euro)  2022 2021 ATTIVIT\u00c0 Attivit\u00e0 immateriali a vita definita 6 7 Rimanenze 857 74 di cui parti correlate  65   - Disponibilit\u00e0 liquide e mezzi equivalenti 1.809 48 Totale attivit\u00e0 destinate alla vendita 2.672 129 PASSIVIT\u00c0 Fondi relativi al personale 2 2 Acconti 2.650 106 Altre passivit\u00e0 20 21 Totale passivit\u00e0 destinate alla vendita 2.672 129 Attivit\u00e0 nette destinate alla vendita  -  - I flussi finanziari netti derivanti dal ramo di azienda \u201cTuttofood\" sono i seguenti: (migliaia di euro)  2022 2021 Flusso finanziario derivante dalla gestione operativa 1.761 -491 Flusso finanziario derivante dalle attivit\u00e0 di investimento  -  - Flusso derivante dalle attivit\u00e0 finanziarie  -  - Flusso finanziario netto dell'esercizio da attivit\u00e0 destinate alla vendita 1.761 -491 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "1.1   Principi di redazione Il presente bilancio consolidato \u00e8 stato predisposto nel rispetto dei Principi Contabili Internazionali IAS/IFRS in  vigore al 31 dicembre 2022, emessi dall\u2019International Accounting Standard Board (IASB) ed omologati dall\u2019Unione  Europea, dei relativi documenti interpretativi nonch\u00e9 dei provvedimenti emanati in attuazione dell\u2019art.9 del D.Lgs.  n. 38/2005. I principi contabili adottati nella predisposizione del presente bilancio consolidato sono gli stessi utilizzati nel  bilancio al 31 dicembre 2021, ad eccezione di quelli applicabili dal 1\u00b0 gennaio 2022 e successivamente illustrati. Avendo riguardo alla situazione economico patrimoniale del 2022, alle proiezioni economico-finanziarie 2023- 2026 approvate dal Consiglio di Amministrazione in data 20 febbraio 2023, che confermano le previsioni di medio  termine gi\u00e0 incluse nel piano strategico CONN.E.C.T. 2025 adeguandole al nuovo contesto macroeconomico,  caratterizzato dall\u2019incremento dei costi energetici e dei tassi di interesse e tenuto conto delle previsioni di  andamento del capitale circolante e della situazione finanziaria e patrimoniale del Gruppo, il bilancio \u00e8 stato redatto nella prospettiva della continuit\u00e0 aziendale. Il bilancio \u00e8 presentato in euro e tutti i valori sono arrotondati alle migliaia di euro, se non altrimenti indicato. Il  bilancio fornisce informazioni comparative riferite all\u2019esercizio precedente. Nel corso dell\u2019esercizio 2022 non sono state concluse operazioni atipiche e/o inusuali. I rischi e le incertezze relative al business e al Gruppo sono descritti nella Relazione sulla gestione al paragrafo  \u201cPrincipali fattori di rischio cui il Gruppo \u00e8 esposto\u201d e nelle Note esplicative ed integrative alla nota 34 e nel  paragrafo 1.6 \u201cUso di Stime\u201d. Il presente bilancio \u00e8 assoggettato a revisione legale da parte della societ\u00e0 di revisione EY SpA. Conflitto Russia-Ucraina L\u2019invasione dell\u2019Ucraina da parte della Russia e le sanzioni imposte a livello comunitario hanno influenzato un  tessuto economico, nazionale ed europeo, gi\u00e0 colpito dagli effetti distruttivi della pandemia di Covid-19 e che  tentava progressivamente e faticosamente di riprendersi da una prolungata situazione di crisi generale. La guerra  tra Mosca e Kiev ha aggravato inoltre ulteriormente il problema dell\u2019aumento dei costi delle risorse energetiche,  gas e petrolio, registrato gi\u00e0 prima dello scoppio della guerra, e lo ha esteso ai costi di altri settori economici. Alla luce di queste considerazioni, il Consiglio di Amministrazione di Fiera Milano, a seguito dell\u2019approvazione in data 15 dicembre 2022 del Budget 2023, ha aggiornato il target di EBITDA per l\u2019esercizio 2023, per meglio riflettere nelle proiezioni il mutato scenario macroeconomico rispetto alla pubblicazione delle stime nel piano strategico  CONN.E.C.T. 2025, risalente a febbraio 2021. A fronte di un recupero del business per Fiera Milano pi\u00f9 veloce  rispetto alle previsioni di mercato, si ritiene che tale nuovo target per il 2023 sia ragionevole alla luce dell\u2019incertezza  che tutt\u2019ora persiste a causa del mutato scenario dei costi energetici e delle tensioni geopolitiche in atto. Con particolare riferimento ai rincari energetici il Gruppo ha implementato di specifici piani di mitigazione dei  rischi volti all\u2019efficientamento energetico dei padiglioni espositivi, prevedendo inoltre la possibilit\u00e0 di ampliare  l\u2019impianto fotovoltaico installato sui tetti del quartiere di Rho. Impatti climatici e ambientali Con riferimento alle raccomandazioni dell'Autorit\u00e0 europea degli strumenti finanziari e dei mercati (ESMA) circa  l\u2019importanza degli aspetti legati ai cambiamenti climatici, nonch\u00e9 delle evoluzioni del contesto normativo a livello comunitario, il Gruppo Fiera Milano ha valutato le implicazioni rispetto ai potenziali rischi, fisici e transizionali,  derivanti dai cambiamenti climatici. In particolare, nell\u2019ambito del framework disegnato dalle linee guida della TCFD \u2013 Task Force on Climate Related Financial Disclosure, che prevede due macro classi di rischi legati al  cambiamento climatico, riconducibili a (i) rischi fisici (acuti/cronici) e (ii) rischi di transizione (normativi/di mercato/ tecnologici/reputazionali), si ritiene che lo scenario di rischio maggiormente applicabile per le attivit\u00e0 del Gruppo  sia quello relativo a fenomeni meteorologici estremi (classificazione TCFD Physical/Acute). Eventi meteorologici  estremi e disastri naturali espongono il Gruppo al rischio di danni ad asset e infrastrutture (es. quartiere di Rho e  Centro Congressi MiCo), che potrebbero pregiudicare il corretto svolgimento degli eventi fieristici e congressuali,  costringendo il Gruppo a sospendere o interrompere la propria attivit\u00e0, con conseguenze negative sia in termini  economici, patrimoniali e finanziari sia in termini reputazionali. In questo contesto, le valutazioni sopraccitate portano a ritenere che il Gruppo non risulti essere particolarmente  esposto, nel breve termine, ai rischi fisici connessi al cambiamento climatico. Alla luce di tali valutazioni, nel  complesso, il Gruppo non prevede impatti finanziari significativi nel breve termine dei rischi climatici sulle proprie  operazioni e/o sulla valutazione delle proprie attivit\u00e0 e passivit\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Il presente bilancio consolidato \u00e8 stato predisposto nel rispetto dei Principi Contabili Internazionali IAS/IFRS in vigore al 31 dicembre 2022, emessi dall\u2019International Accounting Standard Board (IASB) ed omologati dall\u2019Unione Europea, dei relativi documenti interpretativi nonch\u00e9 dei provvedimenti emanati in attuazione dell\u2019art.9 del D.Lgs. n. 38/2005. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Impatti climatici e ambientali Con riferimento alle raccomandazioni dell'Autorit\u00e0 europea degli strumenti finanziari e dei mercati (ESMA) circa l\u2019importanza degli aspetti legati ai cambiamenti climatici, nonch\u00e9 delle evoluzioni del contesto normativo a livello comunitario, il Gruppo Fiera Milano ha valutato le implicazioni rispetto ai potenziali rischi, fisici e transizionali, derivanti dai cambiamenti climatici. In particolare, nell\u2019ambito del framework disegnato dalle linee guida della TCFD \u2013 Task Force on Climate Related Financial Disclosure, che prevede due macro classi di rischi legati al cambiamento climatico, riconducibili a (i) rischi fisici (acuti/cronici) e (ii) rischi di transizione (normativi/di mercato/ tecnologici/reputazionali), si ritiene che lo scenario di rischio maggiormente applicabile per le attivit\u00e0 del Gruppo sia quello relativo a fenomeni meteorologici estremi (classificazione TCFD Physical/Acute). Eventi meteorologici estremi e disastri naturali espongono il Gruppo al rischio di danni ad asset e infrastrutture (es. quartiere di Rho e Centro Congressi MiCo), che potrebbero pregiudicare il corretto svolgimento degli eventi fieristici e congressuali, costringendo il Gruppo a sospendere o interrompere la propria attivit\u00e0, con conseguenze negative sia in termini economici, patrimoniali e finanziari sia in termini reputazionali. In questo contesto, le valutazioni sopraccitate portano a ritenere che il Gruppo non risulti essere particolarmente esposto, nel breve termine, ai rischi fisici connessi al cambiamento climatico. Alla luce di tali valutazioni, nel complesso, il Gruppo non prevede impatti finanziari significativi nel breve termine dei rischi climatici sulle proprie operazioni e/o sulla valutazione delle proprie attivit\u00e0 e passivit\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "1.2  Nuovi principi contabili, interpretazioni e modifiche adottati Il Gruppo ha adottato per la prima volta alcuni principi contabili e modifiche che sono in vigore per gli esercizi che  hanno inizio dal 1\u00b0 gennaio 2022. Il Gruppo non ha adottato anticipatamente alcun nuovo principio, interpretazione o modifica emesso ma non  ancora in vigore. I seguenti nuovi principi e le seguenti modifiche sono efficaci dal 1\u00b0 gennaio 2022: \u2022  Reference to the Conceptual Framework \u2013 Amendments to IFRS 3; \u2022  Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16; \u2022  Onerous Contracts \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37; \u2022  IFRS 1 First-time Adoption of International Financial Reporting Standards \u2013 Subsidiary as a first-time adopter; \u2022  IFRS 9 Financial Instruments \u2013 \u201cFees in the \u201910 per cent'test for derecognition of financial liabilities\u201d: la  modifica chiarisce quali fees sono da considerare nell\u2019esecuzione del test in applicazione del par. B3.3.6  dell\u2019IFRS 9, per valutare la cancellazione di una passivit\u00e0 finanziaria; \u2022  IAS 41 Agriculture \u2013 Taxation in fair value measurements. Detti emendamenti, di portata limitata, introducono modifiche e chiarimenti di rilevanza minore e non hanno  determinato impatti per il Gruppo. Sono di seguito illustrati i principi e le interpretazioni che, alla data di redazione del bilancio consolidato del  Gruppo, erano gi\u00e0 stati emanati ma non erano ancora in vigore. Il Gruppo intende adottare questi principi e  interpretazioni, se applicabili, quando entreranno in vigore . IFRS 17 Insurance Contracts Nel maggio 2017, lo IASB ha emesso l\u2019IFRS 17 Insurance Contracts, un nuovo principio completo relativo ai contratti di assicurazione che copre la rilevazione e misurazione, presentazione ed informativa. Quando entrer\u00e0 in vigore l\u2019IFRS 17 sostituir\u00e0 l\u2019IFRS 4 Contratti Assicurativi che \u00e8 stato emesso nel 2005. L\u2019IFRS 17 si applica a tutti i tipi di contratti assicurativi (ad esempio: vita, non vita, assicurazione diretta, ri-assicurazione) indipendentemente dal tipo di entit\u00e0 che li emette, come anche ad alcune garanzie e strumenti finanziari con caratteristiche di partecipazione discrezionale. Allo scopo si applicherano limitate eccezioni. L\u2019obiettivo generale dell\u2019IFRS 17 \u00e8 quello di presentare un modello contabile per i contratti di assicurazione che sia pi\u00f9 utile e coerente per gli assicuratori. In contrasto con le previsioni dell\u2019IFRS 4 che sono largamente basate sul mantenimento delle politiche contabili precedenti, l\u2019IFRS 17 fornisce un modello completo per i contratti assicurativi che copre tutti gli aspetti contabili rilevanti. Il cuore dell\u2019IFRS 17 \u00e8 il modello generale, integrato da: \u2022  uno specifico adattamento per i contratti con caratteristiche di partecipazione diretta (il variable fee approach); \u2022  un approccio semplificato (l\u2019approccio dell\u2019allocazione del premio) principalmente per i contratti di breve durata. L\u2019IFRS 17 sar\u00e0 in vigore per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e richieder\u00e0 la presentazione dei saldi comparativi. \u00c8 permessa l\u2019applicazione anticipata, nel qual caso l\u2019entit\u00e0 deve aver adottato anche l\u2019IFRS 9 e l\u2019IFRS 15 alla data di prima applicazione dell\u2019IFRS 17 o precedentemente. Amendments to IAS 1: Classification of Liabilities as Current or Non-current Nel gennaio 2020, lo IASB ha pubblicato delle modifiche ai pragrafi da 69 a 76 dello IAS 1 per specificare i requisiti per classificare le passivit\u00e0 come correnti o non correnti. Le modifiche chiariscono: \u2022  cosa si intende per diritto di postergazione della scadenza; \u2022  che il diritto di postergazione deve esistere alla chiusura dell\u2019esercizio; \u2022  la classificazione non \u00e8 impattata dalla probabilit\u00e0 con cui l\u2019entit\u00e0 eserciter\u00e0 il proprio diritto di postergazione; \u2022  solamente se un derivato implicito in una passivit\u00e0 convertibile \u00e8 esso stesso uno strumento di capitale la scadenza della passivit\u00e0 non ha impatto sulla sua classificazione. Le modifiche saranno efficaci per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e dovranno essere applicate retrospettivamente. Il Gruppo sta al momento valutando l\u2019impatto che le modifiche avranno sulla situazione corrente. Definizione di stima contabile \u2013 Modifiche allo IAS 8 Nel febbraio 2021 lo IASB ha emesso degli emendamenti allo IAS 8, in cui introduce una definizione di \u201cstime contabili\u201d. Le modifiche chiariscono la distinzione tra cambiamenti nelle stime contabili e cambiamenti nei principi contabili e correzione di errori. Inoltre, chiariscono come le entit\u00e0 utilizzano tecniche di misurazione e input per sviluppare stime contabili. Le modifiche sono efficaci per gli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023 e si applicano ai cambiamenti di principi contabili e a cambiamenti nelle stime contabili che si verificano a partire dall\u2019inizio di tale periodo o successivamente. L\u2019applicazione anticipata \u00e8 consentita a condizione che tale fatto sia reso noto. Non si prevede che le modifiche avranno un impatto significativo sul Gruppo. Informativa sui principi contabili - Modifiche allo IAS 1 e IFRS Practice Statement 2 Nel febbraio 2021, lo IASB ha emesso degli emendamenti allo IAS 1 e all\u2019IFRS Practice Statement 2 Making Materiality Judgements, in cui fornisce linee guida ed esempi per aiutare le entit\u00e0 ad applicare giudizi di materialit\u00e0 all\u2019informativa sui principi contabili. Le modifiche mirano ad aiutare le entit\u00e0 a fornire informazioni sui principi contabili pi\u00f9 utili sostituendo l\u2019obbligo per le entit\u00e0 di fornire le proprie politiche contabili \u201csignificative\u201d con l\u2019obbligo di fornire informativa sui propri principi contabili \u201crilevanti\u201d; inoltre, sono aggiunte linee guida su come le entit\u00e0 applicano il concetto di rilevanza nel prendere decisioni in merito all\u2019informativa sui principi contabili . Le modifiche allo IAS 1 sono applicabili a partire dagli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023, \u00e8 consentita l\u2019applicazione anticipata. Poich\u00e9 le modifiche al PS 2 forniscono indicazioni non obbligatorie sull\u2019applicazione della definizione di materialit\u00e0 all\u2019informativa sui principi contabili, non \u00e8 necessaria una data di entrata in vigore per tali modifiche. Il Gruppo sta attualmente valutando l\u2019impatto delle modifiche per determinare l\u2019impatto che avranno sull\u2019informativa sui principi contabili di Gruppo. Imposte differite relative ad attivit\u00e0 e passivit\u00e0 derivanti da una singola transazione \u2013 Modifiche allo IAS 12 Nel maggio del 2021, lo IASB ha emesso le modifiche allo IAS 12, restringendo l\u2019ambito di applicazione dell\u2019initial recognition exception inclusa nello IAS 12, che non dovr\u00e0 essere pi\u00f9 applicata a quelle transazioni che fanno nascere differenze temporanee tassabili e deducibili in egual misura. Le modifiche dovranno essere applicate alle transazioni che avvengono successivamente o all\u2019inizio del periodo comparativo presentato. Ulteriormente, all\u2019inizio del periodo comparativo presentato, imposte differite attive (in presenza dell\u2019esistenza di sufficienti redditi imponibili) ed imposte differite passive dovranno essere riconosciute per tutte le differenze temporanee deducibili e tassabili associate ai leasing e fondi di ripristino. Il Gruppo sta attualmento valutando gli impatti di tali modifiche. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "1.2  Nuovi principi contabili, interpretazioni e modifiche adottati Il Gruppo ha adottato per la prima volta alcuni principi contabili e modifiche che sono in vigore per gli esercizi che hanno inizio dal 1\u00b0 gennaio 2022. Il Gruppo non ha adottato anticipatamente alcun nuovo principio, interpretazione o modifica emesso ma non ancora in vigore. I seguenti nuovi principi e le seguenti modifiche sono efficaci dal 1\u00b0 gennaio 2022: \u2022  Reference to the Conceptual Framework \u2013 Amendments to IFRS 3; \u2022  Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16; \u2022  Onerous Contracts \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37; \u2022  IFRS 1 First-time Adoption of International Financial Reporting Standards \u2013 Subsidiary as a first-time adopter; \u2022  IFRS 9 Financial Instruments \u2013 \u201cFees in the \u201910 per cent'test for derecognition of financial liabilities\u201d: la modifica chiarisce quali fees sono da considerare nell\u2019esecuzione del test in applicazione del par. B3.3.6 dell\u2019IFRS 9, per valutare la cancellazione di una passivit\u00e0 finanziaria; \u2022  IAS 41 Agriculture \u2013 Taxation in fair value measurements. Detti emendamenti, di portata limitata, introducono modifiche e chiarimenti di rilevanza minore e non hanno determinato impatti per il Gruppo. Sono di seguito illustrati i principi e le interpretazioni che, alla data di redazione del bilancio consolidato del Gruppo, erano gi\u00e0 stati emanati ma non erano ancora in vigore. Il Gruppo intende adottare questi principi e interpretazioni, se applicabili, quando entreranno in vigore . IFRS 17 Insurance Contracts Nel maggio 2017, lo IASB ha emesso l\u2019IFRS 17 Insurance Contracts, un nuovo principio completo relativo ai contratti di assicurazione che copre la rilevazione e misurazione, presentazione ed informativa. Quando entrer\u00e0 in vigore l\u2019IFRS 17 sostituir\u00e0 l\u2019IFRS 4 Contratti Assicurativi che \u00e8 stato emesso nel 2005. L\u2019IFRS 17 si applica a tutti i tipi di contratti assicurativi (ad esempio: vita, non vita, assicurazione diretta, ri-assicurazione) indipendentemente dal tipo di entit\u00e0 che li emette, come anche ad alcune garanzie e strumenti finanziari con caratteristiche di partecipazione discrezionale. Allo scopo si applicherano limitate eccezioni. L\u2019obiettivo generale dell\u2019IFRS 17 \u00e8 quello di presentare un modello contabile per i contratti di assicurazione che sia pi\u00f9 utile e coerente per gli assicuratori. In contrasto con le previsioni dell\u2019IFRS 4 che sono largamente basate sul mantenimento delle politiche contabili precedenti, l\u2019IFRS 17 fornisce un modello completo per i contratti assicurativi che copre tutti gli aspetti contabili rilevanti. Il cuore dell\u2019IFRS 17 \u00e8 il modello generale, integrato da: \u2022  uno specifico adattamento per i contratti con caratteristiche di partecipazione diretta (il variable fee approach); \u2022  un approccio semplificato (l\u2019approccio dell\u2019allocazione del premio) principalmente per i contratti di breve durata. L\u2019IFRS 17 sar\u00e0 in vigore per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e richieder\u00e0 la presentazione dei saldi comparativi. \u00c8 permessa l\u2019applicazione anticipata, nel qual caso l\u2019entit\u00e0 deve aver adottato anche l\u2019IFRS 9 e l\u2019IFRS 15 alla data di prima applicazione dell\u2019IFRS 17 o precedentemente. Amendments to IAS 1: Classification of Liabilities as Current or Non-current Nel gennaio 2020, lo IASB ha pubblicato delle modifiche ai pragrafi da 69 a 76 dello IAS 1 per specificare i requisiti per classificare le passivit\u00e0 come correnti o non correnti. Le modifiche chiariscono: \u2022  cosa si intende per diritto di postergazione della scadenza; \u2022  che il diritto di postergazione deve esistere alla chiusura dell\u2019esercizio; \u2022  la classificazione non \u00e8 impattata dalla probabilit\u00e0 con cui l\u2019entit\u00e0 eserciter\u00e0 il proprio diritto di postergazione; \u2022  solamente se un derivato implicito in una passivit\u00e0 convertibile \u00e8 esso stesso uno strumento di capitale la scadenza della passivit\u00e0 non ha impatto sulla sua classificazione. Le modifiche saranno efficaci per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e dovranno essere applicate retrospettivamente. Il Gruppo sta al momento valutando l\u2019impatto che le modifiche avranno sulla situazione corrente. Definizione di stima contabile \u2013 Modifiche allo IAS 8 Nel febbraio 2021 lo IASB ha emesso degli emendamenti allo IAS 8, in cui introduce una definizione di \u201cstime contabili\u201d. Le modifiche chiariscono la distinzione tra cambiamenti nelle stime contabili e cambiamenti nei principi contabili e correzione di errori. Inoltre, chiariscono come le entit\u00e0 utilizzano tecniche di misurazione e input per sviluppare stime contabili. Le modifiche sono efficaci per gli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023 e si applicano ai cambiamenti di principi contabili e a cambiamenti nelle stime contabili che si verificano a partire dall\u2019inizio di tale periodo o successivamente. L\u2019applicazione anticipata \u00e8 consentita a condizione che tale fatto sia reso noto. Non si prevede che le modifiche avranno un impatto significativo sul Gruppo. Informativa sui principi contabili - Modifiche allo IAS 1 e IFRS Practice Statement 2 Nel febbraio 2021, lo IASB ha emesso degli emendamenti allo IAS 1 e all\u2019IFRS Practice Statement 2 Making Materiality Judgements, in cui fornisce linee guida ed esempi per aiutare le entit\u00e0 ad applicare giudizi di materialit\u00e0 all\u2019informativa sui principi contabili. Le modifiche mirano ad aiutare le entit\u00e0 a fornire informazioni sui principi contabili pi\u00f9 utili sostituendo l\u2019obbligo per le entit\u00e0 di fornire le proprie politiche contabili \u201csignificative\u201d con l\u2019obbligo di fornire informativa sui propri principi contabili \u201crilevanti\u201d; inoltre, sono aggiunte linee guida su come le entit\u00e0 applicano il concetto di rilevanza nel prendere decisioni in merito all\u2019informativa sui principi contabili . Le modifiche allo IAS 1 sono applicabili a partire dagli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023,  \u00e8 consentita l\u2019applicazione anticipata. Poich\u00e9 le modifiche al PS 2 forniscono indicazioni non obbligatorie  sull\u2019applicazione della definizione di materialit\u00e0 all\u2019informativa sui principi contabili, non \u00e8 necessaria una data di entrata in vigore per tali modifiche. Il Gruppo sta attualmente valutando l\u2019impatto delle modifiche per determinare l\u2019impatto che avranno sull\u2019informativa sui principi contabili di Gruppo. Imposte differite relative ad attivit\u00e0 e passivit\u00e0 derivanti da una singola transazione \u2013 Modifiche allo IAS 12 Nel maggio del 2021, lo IASB ha emesso le modifiche allo IAS 12, restringendo l\u2019ambito di applicazione dell\u2019initial  recognition exception inclusa nello IAS 12, che non dovr\u00e0 essere pi\u00f9 applicata a quelle transazioni che fanno  nascere differenze temporanee tassabili e deducibili in egual misura. Le modifiche dovranno essere applicate alle transazioni che avvengono successivamente o all\u2019inizio del periodo  comparativo presentato. Ulteriormente, all\u2019inizio del periodo comparativo presentato, imposte differite attive (in  presenza dell\u2019esistenza di sufficienti redditi imponibili) ed imposte differite passive dovranno essere riconosciute  per tutte le differenze temporanee deducibili e tassabili associate ai leasing e fondi di ripristino.  Il Gruppo sta attualmento valutando gli impatti di tali modifiche. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "1.2  Nuovi principi contabili, interpretazioni e modifiche adottati Il Gruppo ha adottato per la prima volta alcuni principi contabili e modifiche che sono in vigore per gli esercizi che hanno inizio dal 1\u00b0 gennaio 2022. Il Gruppo non ha adottato anticipatamente alcun nuovo principio, interpretazione o modifica emesso ma non ancora in vigore. I seguenti nuovi principi e le seguenti modifiche sono efficaci dal 1\u00b0 gennaio 2022: \u2022  Reference to the Conceptual Framework \u2013 Amendments to IFRS 3; \u2022  Property, Plant and Equipment: Proceeds before Intended Use \u2013 Amendments to IAS 16; \u2022  Onerous Contracts \u2013 Costs of Fulfilling a Contract \u2013 Amendments to IAS 37; \u2022  IFRS 1 First-time Adoption of International Financial Reporting Standards \u2013 Subsidiary as a first-time adopter; \u2022  IFRS 9 Financial Instruments \u2013 \u201cFees in the \u201910 per cent'test for derecognition of financial liabilities\u201d: la modifica chiarisce quali fees sono da considerare nell\u2019esecuzione del test in applicazione del par. B3.3.6 dell\u2019IFRS 9, per valutare la cancellazione di una passivit\u00e0 finanziaria; \u2022  IAS 41 Agriculture \u2013 Taxation in fair value measurements. Detti emendamenti, di portata limitata, introducono modifiche e chiarimenti di rilevanza minore e non hanno determinato impatti per il Gruppo. Sono di seguito illustrati i principi e le interpretazioni che, alla data di redazione del bilancio consolidato del Gruppo, erano gi\u00e0 stati emanati ma non erano ancora in vigore. Il Gruppo intende adottare questi principi e interpretazioni, se applicabili, quando entreranno in vigore . IFRS 17 Insurance Contracts Nel maggio 2017, lo IASB ha emesso l\u2019IFRS 17 Insurance Contracts, un nuovo principio completo relativo ai contratti di assicurazione che copre la rilevazione e misurazione, presentazione ed informativa. Quando entrer\u00e0 in vigore l\u2019IFRS 17 sostituir\u00e0 l\u2019IFRS 4 Contratti Assicurativi che \u00e8 stato emesso nel 2005. L\u2019IFRS 17 si applica a tutti i tipi di contratti assicurativi (ad esempio: vita, non vita, assicurazione diretta, ri-assicurazione) indipendentemente dal tipo di entit\u00e0 che li emette, come anche ad alcune garanzie e strumenti finanziari con caratteristiche di partecipazione discrezionale. Allo scopo si applicherano limitate eccezioni. L\u2019obiettivo generale dell\u2019IFRS 17 \u00e8 quello di presentare un modello contabile per i contratti di assicurazione che sia pi\u00f9 utile e coerente per gli assicuratori. In contrasto con le previsioni dell\u2019IFRS 4 che sono largamente basate sul mantenimento delle politiche contabili precedenti, l\u2019IFRS 17 fornisce un modello completo per i contratti assicurativi che copre tutti gli aspetti contabili rilevanti. Il cuore dell\u2019IFRS 17 \u00e8 il modello generale, integrato da: \u2022  uno specifico adattamento per i contratti con caratteristiche di partecipazione diretta (il variable fee approach); \u2022  un approccio semplificato (l\u2019approccio dell\u2019allocazione del premio) principalmente per i contratti di breve durata. L\u2019IFRS 17 sar\u00e0 in vigore per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e richieder\u00e0 la presentazione dei saldi comparativi. \u00c8 permessa l\u2019applicazione anticipata, nel qual caso l\u2019entit\u00e0 deve aver adottato anche l\u2019IFRS 9 e l\u2019IFRS 15 alla data di prima applicazione dell\u2019IFRS 17 o precedentemente. Amendments to IAS 1: Classification of Liabilities as Current or Non-current Nel gennaio 2020, lo IASB ha pubblicato delle modifiche ai pragrafi da 69 a 76 dello IAS 1 per specificare i requisiti per classificare le passivit\u00e0 come correnti o non correnti. Le modifiche chiariscono: \u2022  cosa si intende per diritto di postergazione della scadenza; \u2022  che il diritto di postergazione deve esistere alla chiusura dell\u2019esercizio; \u2022  la classificazione non \u00e8 impattata dalla probabilit\u00e0 con cui l\u2019entit\u00e0 eserciter\u00e0 il proprio diritto di postergazione; \u2022  solamente se un derivato implicito in una passivit\u00e0 convertibile \u00e8 esso stesso uno strumento di capitale la scadenza della passivit\u00e0 non ha impatto sulla sua classificazione. Le modifiche saranno efficaci per gli esercizi che inizieranno al 1\u00b0 gennaio 2023 o successivamente, e dovranno essere applicate retrospettivamente. Il Gruppo sta al momento valutando l\u2019impatto che le modifiche avranno sulla situazione corrente. Definizione di stima contabile \u2013 Modifiche allo IAS 8 Nel febbraio 2021 lo IASB ha emesso degli emendamenti allo IAS 8, in cui introduce una definizione di \u201cstime contabili\u201d. Le modifiche chiariscono la distinzione tra cambiamenti nelle stime contabili e cambiamenti nei principi contabili e correzione di errori. Inoltre, chiariscono come le entit\u00e0 utilizzano tecniche di misurazione e input per sviluppare stime contabili. Le modifiche sono efficaci per gli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023 e si applicano ai cambiamenti di principi contabili e a cambiamenti nelle stime contabili che si verificano a partire dall\u2019inizio di tale periodo o successivamente. L\u2019applicazione anticipata \u00e8 consentita a condizione che tale fatto sia reso noto. Non si prevede che le modifiche avranno un impatto significativo sul Gruppo. Informativa sui principi contabili - Modifiche allo IAS 1 e IFRS Practice Statement 2 Nel febbraio 2021, lo IASB ha emesso degli emendamenti allo IAS 1 e all\u2019IFRS Practice Statement 2 Making Materiality Judgements, in cui fornisce linee guida ed esempi per aiutare le entit\u00e0 ad applicare giudizi di materialit\u00e0 all\u2019informativa sui principi contabili. Le modifiche mirano ad aiutare le entit\u00e0 a fornire informazioni sui principi contabili pi\u00f9 utili sostituendo l\u2019obbligo per le entit\u00e0 di fornire le proprie politiche contabili \u201csignificative\u201d con l\u2019obbligo di fornire informativa sui propri principi contabili \u201crilevanti\u201d; inoltre, sono aggiunte linee guida su come le entit\u00e0 applicano il concetto di rilevanza nel prendere decisioni in merito all\u2019informativa sui principi contabili . Le modifiche allo IAS 1 sono applicabili a partire dagli esercizi che hanno inizio dal o dopo il 1\u00b0 gennaio 2023, \u00e8 consentita l\u2019applicazione anticipata. Poich\u00e9 le modifiche al PS 2 forniscono indicazioni non obbligatorie sull\u2019applicazione della definizione di materialit\u00e0 all\u2019informativa sui principi contabili, non \u00e8 necessaria una data di entrata in vigore per tali modifiche. Il Gruppo sta attualmente valutando l\u2019impatto delle modifiche per determinare l\u2019impatto che avranno sull\u2019informativa sui principi contabili di Gruppo. Imposte differite relative ad attivit\u00e0 e passivit\u00e0 derivanti da una singola transazione \u2013 Modifiche allo IAS 12 Nel maggio del 2021, lo IASB ha emesso le modifiche allo IAS 12, restringendo l\u2019ambito di applicazione dell\u2019initial recognition exception inclusa nello IAS 12, che non dovr\u00e0 essere pi\u00f9 applicata a quelle transazioni che fanno nascere differenze temporanee tassabili e deducibili in egual misura. Le modifiche dovranno essere applicate alle transazioni che avvengono successivamente o all\u2019inizio del periodo comparativo presentato. Ulteriormente, all\u2019inizio del periodo comparativo presentato, imposte differite attive (in presenza dell\u2019esistenza di sufficienti redditi imponibili) ed imposte differite passive dovranno essere riconosciute per tutte le differenze temporanee deducibili e tassabili associate ai leasing e fondi di ripristino. Il Gruppo sta attualmento valutando gli impatti di tali modifiche. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "1.3  <span class=\"_ _6\"></span>Forma e contenuto dei prospetti contabili consolidati<span class=\"_ _348\"> </span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to dei p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>ti il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo h<span class=\"_ _1\"></span>a ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ato le se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti sc<span class=\"_ _1\"></span>elte:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsc8\">il prospetto della situazione patrimoniale - finanziaria consolidata viene presentato a<span class=\"_ _0\"></span> sezioni contrapposte<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 wsc8\"> </span>con s<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e Att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _1\"></span>, Pas<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 e Pa<span class=\"_ _1\"></span>trim<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>io Ne<span class=\"_ _1\"></span>tto. A lo<span class=\"_ _1\"></span>ro vol<span class=\"_ _1\"></span>ta le At<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e le Pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> vengono esposte sulla<span class=\"_ _0\"></span> base della loro classifica<span class=\"_ _1\"></span>zione in correnti, non<span class=\"_ _0\"></span> correnti e destinate alla<span class=\"_ _0\"></span> vendita;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsc5\">il co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co \u00e8 cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to in ba<span class=\"_ _1\"></span>se al<span class=\"_ _1\"></span>la na<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti; es<span class=\"_ _1\"></span>so \u00e8 p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sen<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to con du<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti, il<span class=\"_ _348\"> </span></span><span class=\"fc4 wsc5\"> </span>pr<span class=\"_ _1\"></span>imo (co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co) mo<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>a le co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to dell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o; il sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do (con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo) invec<span class=\"_ _1\"></span>e, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>do da<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o, cont<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e le voc<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>cavo e di c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to che no<span class=\"_ _1\"></span>n so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span> rilevat<span class=\"_ _0\"></span>e nell\u2019<span class=\"_ _6\"></span>utile (perdita) del periodo bens\u00ec nel patrimonio netto;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">il rendiconto<span class=\"_ _0\"></span> finanziario consolidato viene rappresentato secondo il metodo indiretto<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsaa\">il prospetto delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni di patrimonio netto<span class=\"_ _0\"></span> consolidato viene presentato con evidenza separata del<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 wsaa\"> </span>ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ato di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo e de<span class=\"_ _1\"></span>lle t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>te in e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere c<span class=\"_ _1\"></span>on i S<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>i",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "1.4  Area e principi di consolidamento Il presente bilancio consolidato include la Capogruppo Fiera Milano SpA, le Societ\u00e0 controllate e le imprese a  controllo congiunto. Il bilancio consolidato \u00e8 redatto sulla base dei bilanci al 31 dicembre 2022 approvati dagli Organi Amministrativi  delle societ\u00e0 incluse nell\u2019area di consolidamento, predisposti in base ai principi contabili di Gruppo in conformit\u00e0  agli IAS/IFRS. In relazione all\u2019area di consolidamento si segnala che in data 23 novembre 2022 \u00e8 perfezionata l\u2019acquisizione da  parte di Fiera Milano di una partecipazione pari al 25% del capitale sociale di Ge.Fi. SpA, della sua controllata  Mi-View Srl, come meglio descritto al capitolo 2 Informativa su Joint venture e Societ\u00e0 collegate. Imprese controllate Le societ\u00e0 controllate sono consolidate a partire dalla data in cui il controllo \u00e8 stato effettivamente trasferito al  Gruppo e cessano di essere consolidate alla data in cui il controllo \u00e8 trasferito a terzi. Il valore di carico delle partecipazioni consolidate viene eliminato contro la corrispondente quota di patrimonio  netto alla data di acquisizione, a fronte dell\u2019assunzione delle attivit\u00e0 e delle passivit\u00e0 risultanti dai rispettivi  bilanci secondo il metodo dell\u2019integrazione globale. Per la contabilizzazione delle acquisizioni di controllate viene  utilizzato il metodo dell\u2019acquisto cos\u00ec come richiesto dall\u2019IFRS 3 rivisto nel 2008. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Imprese controllate Le societ\u00e0 controllate sono consolidate a partire dalla data in cui il controllo \u00e8 stato effettivamente trasferito al Gruppo e cessano di essere consolidate alla data in cui il controllo \u00e8 trasferito a terzi. Il valore di carico delle partecipazioni consolidate viene eliminato contro la corrispondente quota di patrimonio netto alla data di acquisizione, a fronte dell\u2019assunzione delle attivit\u00e0 e delle passivit\u00e0 risultanti dai rispettivi bilanci secondo il metodo dell\u2019integrazione globale. Per la contabilizzazione delle acquisizioni di controllate viene utilizzato il metodo dell\u2019acquisto cos\u00ec come richiesto dall\u2019IFRS 3 rivisto nel 2008. L\u2019ammontare del capitale e delle riserve delle societ\u00e0 controllate corrispondente a partecipazioni di minoranza \u00e8  iscritto nella voce del patrimonio netto denominata \u201cCapitale e riserve \u2013 interessenze di minoranza\u201d e la quota del  risultato economico consolidato corrispondente a partecipazioni di minoranza \u00e8 iscritta nella voce denominata  \u201cRisultato netto \u2013 interessenze di minoranza\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "L\u2019ammontare del capitale e delle riserve delle societ\u00e0 controllate corrispondente a partecipazioni di minoranza \u00e8  iscritto nella voce del patrimonio netto denominata \u201cCapitale e riserve \u2013 interessenze di minoranza\u201d e la quota del  risultato economico consolidato corrispondente a partecipazioni di minoranza \u00e8 iscritta nella voce denominata  \u201cRisultato netto \u2013 interessenze di minoranza\u201d.  Joint venture Una  joint venture \u00e8 un accordo a controllo congiunto nel quale le parti che detengono il controllo congiunto  vantano diritti sulle attivit\u00e0 nette dell\u2019accordo. Il Gruppo rileva la propria interessenza nella joint venture come  una partecipazione e deve contabilizzarla seguendo il metodo del patrimonio netto in conformit\u00e0 allo IAS 28  Partecipazioni in societ\u00e0 collegate e joint venture. Nel passaggio dal metodo proporzionale al metodo del patrimonio netto, viene rilevata la partecipazione nella  joint venture all\u2019inizio del primo esercizio oggetto di presentazione. Al momento della rilevazione iniziale, tale  partecipazione deve essere calcolata come l\u2019ammontare complessivo dei valori contabili delle attivit\u00e0 e delle  passivit\u00e0 che l\u2019entit\u00e0 aveva in precedenza consolidato proporzionalmente, incluso qualsiasi avviamento derivante  dall\u2019acquisizione. Se l\u2019avviamento precedentemente apparteneva a una unit\u00e0 generatrice di flussi finanziari di  dimensioni maggiori, o a un gruppo di unit\u00e0 generatrici di flussi finanziari, l\u2019entit\u00e0 deve attribuire l\u2019avviamento alla  joint venture in base ai relativi valori contabili della joint venture e dell\u2019unit\u00e0 generatrice di flussi finanziari, o del  gruppo di unit\u00e0 generatrici di flussi finanziari di appartenenza. Operazioni infragruppo Nella predisposizione del bilancio consolidato sono elisi i saldi derivanti da rapporti intercorsi tra le societ\u00e0  incluse nell\u2019area di consolidamento in particolare le partite di debito e credito, i costi e i ricavi cos\u00ec come gli utili e  le perdite non ancora realizzati e tutte le altre operazioni poste fra le entit\u00e0 consolidate. Conversione di bilanci in moneta diversa dall\u2019euro Alla data di chiusura dell\u2019esercizio, le attivit\u00e0 e le passivit\u00e0 delle societ\u00e0 consolidate la cui valuta di conto \u00e8 diversa  dall\u2019euro, sono convertite nella valuta di presentazione dei conti consolidati di Gruppo al tasso di cambio in vigore  a tale data. Le voci di conto economico sono convertite al cambio medio dell\u2019esercizio e le differenze derivanti  dall\u2019adeguamento del patrimonio netto iniziale ai cambi correnti di fine esercizio nonch\u00e9 le differenze derivanti  dalla diversa metodologia usata per la conversione del risultato dell\u2019esercizio sono rilevate nelle altre componenti  del conto economico complessivo, accumulate in una specifica riserva di patrimonio netto. I tassi di cambio utilizzati per la conversione in euro dei bilanci 2021 e 2020 delle societ\u00e0 estere sono esposti  nella tabella che segue:  medio 2022 medio 2021 31/12/22 31/12/21 Rand sudafricano 17,21 17,48 18,10 18,06 Real brasiliano 5,44 6,38 5,64 6,31 Fonte: Banca d\u2019Italia ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "Joint venture Una  joint venture \u00e8 un accordo a controllo congiunto nel quale le parti che detengono il controllo congiunto vantano diritti sulle attivit\u00e0 nette dell\u2019accordo. Il Gruppo rileva la propria interessenza nella joint venture come una partecipazione e deve contabilizzarla seguendo il metodo del patrimonio netto in conformit\u00e0 allo IAS 28 Partecipazioni in societ\u00e0 collegate e joint venture. Nel passaggio dal metodo proporzionale al metodo del patrimonio netto, viene rilevata la partecipazione nella joint venture all\u2019inizio del primo esercizio oggetto di presentazione. Al momento della rilevazione iniziale, tale partecipazione deve essere calcolata come l\u2019ammontare complessivo dei valori contabili delle attivit\u00e0 e delle passivit\u00e0 che l\u2019entit\u00e0 aveva in precedenza consolidato proporzionalmente, incluso qualsiasi avviamento derivante dall\u2019acquisizione. Se l\u2019avviamento precedentemente apparteneva a una unit\u00e0 generatrice di flussi finanziari di dimensioni maggiori, o a un gruppo di unit\u00e0 generatrici di flussi finanziari, l\u2019entit\u00e0 deve attribuire l\u2019avviamento alla joint venture in base ai relativi valori contabili della joint venture e dell\u2019unit\u00e0 generatrice di flussi finanziari, o del gruppo di unit\u00e0 generatrici di flussi finanziari di appartenenza. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Conversione di bilanci in moneta diversa dall\u2019euro Alla data di chiusura dell\u2019esercizio, le attivit\u00e0 e le passivit\u00e0 delle societ\u00e0 consolidate la cui valuta di conto \u00e8 diversa dall\u2019euro, sono convertite nella valuta di presentazione dei conti consolidati di Gruppo al tasso di cambio in vigore a tale data. Le voci di conto economico sono convertite al cambio medio dell\u2019esercizio e le differenze derivanti dall\u2019adeguamento del patrimonio netto iniziale ai cambi correnti di fine esercizio nonch\u00e9 le differenze derivanti dalla diversa metodologia usata per la conversione del risultato dell\u2019esercizio sono rilevate nelle altre componenti del conto economico complessivo, accumulate in una specifica riserva di patrimonio netto. I tassi di cambio utilizzati per la conversione in euro dei bilanci 2021 e 2020 delle societ\u00e0 estere sono esposti nella tabella che segue:  medio 2022 medio 2021 31/12/22 31/12/21 Rand sudafricano 17,21 17,48 18,10 18,06 Real brasiliano 5,44 6,38 5,64 6,31 Fonte: Banca d\u2019Italia Operazioni in valuta estera Le operazioni in valuta estera sono registrate al cambio corrente alla data dell\u2019operazione. Le attivit\u00e0 e passivit\u00e0 monetarie denominate in valuta estera sono convertite al tasso di cambio in essere alla data di riferimento del bilancio. Sono rilevate a conto economico le differenze cambio generate dall\u2019estinzione di poste monetarie o dalla loro conversione a tassi differenti da quelli ai quali erano state convertite al momento della rilevazione iniziale nell\u2019esercizio o in bilanci precedenti. Le differenze cambio sono esposte negli oneri e nei proventi finanziari. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "<div class=\"t m0 h20 ff1 fs9 fc3 sc0 ls3 ws3 gs97\">1.5  <span class=\"_ _6\"></span>Sintesi dei principi contabili e criteri di valutazione<span class=\"_ _348\"> </span></div><div class=\"t m0 h77 ff4 fs8 fc0 sc0 ls37 wsa0 gs98\">Business combinat<span class=\"_ _0\"></span>ion<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls38 ws156 gs99\">Le aggre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zioni a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>ndali so<span class=\"_ _1\"></span>no conta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>zate utiliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ndo il metodo dell\u2019<span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isto (<span class=\"_ _7\"></span><span class=\"ff12 ls39 wsd2\">purchas<span class=\"_ _1\"></span>e method</span><span class=\"ls3 wsaa\">) p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span></span><span class=\"ls3 wsaa\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsad gs9a\">dal<span class=\"_ _1\"></span>l\u2019IFRS 3 ri<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>to nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8. Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o tal<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>todo il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito in u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 wsfe\">business combination</span><span class=\"ls39 ws4b\"> \u00e8<span class=\"_ _0\"></span> valutat<span class=\"_ _6\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls39 ws4b\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs9b\">al <span class=\"_ _1\"></span><span class=\"ff12 ws12a\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\">, deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mma d<span class=\"_ _1\"></span>ei </span>f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite e d<span class=\"_ _1\"></span>elle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte dal G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ws12a\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws8c gs9c\">alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si in c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ollo d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. G<span class=\"_ _1\"></span>li one<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws48 gs9d\">acc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ori a<span class=\"_ _1\"></span>lla t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in cu<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs9e\">sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti e cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>ti tr<span class=\"_ _1\"></span>a le sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _348\"> </span>.<span class=\"_ _348\"> </span></div>I cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>i par<span class=\"_ _7\"></span>te de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, sono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one. Even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive di <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue</span>, sono r<span class=\"_ _1\"></span>ilevate n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>complessivo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Alla data di acquisizione<span class=\"_ _0\"></span> le attivit\u00e0 identificabili acquisite e<span class=\"_ _0\"></span> le passivit\u00e0 assunte sono rilev<span class=\"_ _0\"></span>ate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span>L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>avviamento \u00e8 determinato<span class=\"_ _0\"></span> come l\u2019<span class=\"_ _6\"></span>eccede<span class=\"_ _1\"></span>nza tra la somma dei corrispettivi trasferiti nell\u2019<span class=\"_ _6\"></span>aggrega<span class=\"_ _1\"></span>zione azien<span class=\"_ _1\"></span>dale,<span class=\"_ _348\"> </span>del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enze d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e del <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls41 ws172\"> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>ntu<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span></span>par<span class=\"_ _1\"></span>tecipazione prece<span class=\"_ _1\"></span>dentemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa acquisita rispet<span class=\"_ _1\"></span>to al <span class=\"ff12 ls3 ws135\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> delle attivit\u00e0 net<span class=\"_ _1\"></span>te acquisit<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>. Se il val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e la s<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti, de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>interesse<span class=\"_ _1\"></span>nze di minoranza e del <span class=\"ff12 ls3 ws16\">fai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue </span><span class=\"ls7 wsa8\">dell\u2019<span class=\"_ _6\"></span>eventuale par<span class=\"_ _1\"></span>tecipazione precede<span class=\"_ _1\"></span>ntemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _348\"> </span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, ta<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za \u00e8 r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span>provent<span class=\"_ _0\"></span>o derivante<span class=\"_ _0\"></span> dalla transa<span class=\"_ _1\"></span>zione conclusa.<span class=\"_ _348\"> </span>Le qu<span class=\"_ _1\"></span>ote di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>elle i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>, al<span class=\"_ _1\"></span>la dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span>al <span class=\"ff12 ws126\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws58\"> oppure in proporzione alla quota di<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipazione di minoranza nelle attivit\u00e0 identificabili dell\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _348\"> </span></span>acquisita.<span class=\"_ _0\"></span> La scelta del me<span class=\"_ _0\"></span>todo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione \u00e8 effettuata<span class=\"_ _0\"></span> transazione per t<span class=\"_ _0\"></span>ransazione.<span class=\"_ _348\"> </span>Nel processo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione di <span class=\"ff12 ls3 ws180\">fair va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws15f\"> delle <span class=\"ff12 ls6 ws8e\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws180\"> il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no si av<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span></span></span></span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i e, pe<span class=\"_ _1\"></span>r le <span class=\"ff12 ls6 ws157\">business combination</span> pi\u00f9 sign<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve, anc<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Le ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>use a<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>0 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te rileva<span class=\"_ _1\"></span>te sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do le<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>nute ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 3.<span class=\"_ _348\"> </span>Business combinat<span class=\"_ _0\"></span>ion<span class=\"ff1 ls3 ws3\"> re<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te i<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>i\u00f9 f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span></span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 ws104\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws18\"> si<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n pi\u00f9 f<span class=\"_ _1\"></span>asi, l<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a dal<span class=\"_ _348\"> </span></span></span>Gruppo nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>entit\u00e0 acq<span class=\"_ _0\"></span>uisita \u00e8<span class=\"_ _0\"></span> valutata<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 ws118\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo e l\u2019<span class=\"_ _0\"></span>eventu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>e o pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span></span></span>che n<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>me se f<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se ven<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>a e ri<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo.<span class=\"_ _348\"> </span>Opzioni<span class=\"ff4 ls38 ws11\"> put<span class=\"_ _348\"> </span></span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ai de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ivati no<span class=\"_ _1\"></span>n di c<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ia lo I<span class=\"_ _1\"></span>ASB c<span class=\"_ _1\"></span>he il C<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>ce Ci<span class=\"_ _1\"></span>vile p<span class=\"_ _1\"></span>reve<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o che l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive<span class=\"_ _348\"> </span>a que<span class=\"_ _1\"></span>lla in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le devo<span class=\"_ _1\"></span>no es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ere f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni devon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re im<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tate a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>La concessione di opz<span class=\"_ _0\"></span>ioni <span class=\"ff12 ls3 ws3\">put <span class=\"_ _1\"></span><span class=\"ff6 ws2f\">a<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>ci di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to a qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ti ul<span class=\"_ _1\"></span>timi di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re le a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute a una d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a fut<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>. Lo I<span class=\"_ _1\"></span>AS 32, par<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>rafo 23, s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e che u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>che c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sir<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a o a fr<span class=\"_ _1\"></span>onte di a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span>dia lu<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>o a una p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>ell\u2019opzione. Pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto, qua<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _1\"></span>n abb<span class=\"_ _1\"></span>ia il d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to inc<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>nato a evi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re la c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gna di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a o di al<span class=\"_ _1\"></span>tri s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>event<span class=\"_ _0\"></span>uale esercizio di una opz<span class=\"_ _0\"></span>ione <span class=\"ff12 ls42 ws2b\">put</span><span class=\"ls3 ws11a\"> su a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni d\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llate, s<span class=\"_ _1\"></span>i deve pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>ll\u2019iscr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span></span>deb<span class=\"_ _1\"></span>ito. L<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 ini<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte al val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>ll\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>rimborso stimato sulla base delle<span class=\"_ _0\"></span> migliori informazioni disponibili e la<span class=\"_ _0\"></span> variazione del <span class=\"ff12 ls3 wsc1\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\"> fr<span class=\"_ _1\"></span>a un e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>io e<span class=\"_ _348\"> </span></span></span>l\u2019<span class=\"_ _6\"></span>altro<span class=\"_ _0\"></span> viene co<span class=\"_ _0\"></span>ntabili<span class=\"_ _0\"></span>zzata a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra il c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a che v<span class=\"_ _1\"></span>i sia c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>, il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito al<span class=\"_ _348\"> </span>patrimonio netto.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ransazioni relative a<span class=\"_ _6\"></span> quote di minoranza<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a quo<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i una c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome <span class=\"ff12 ls49 ws15a\">e<span class=\"_ _1\"></span>quit<span class=\"_ _1\"></span>y tra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>ction</span>. P<span class=\"_ _0\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>nto, pe<span class=\"_ _1\"></span>r acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ti su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo l\u2019<span class=\"_ _0\"></span>event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>va o neg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va tra il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e la co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata<span class=\"_ _348\"> </span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te nel p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po, pe<span class=\"_ _1\"></span>r ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate se<span class=\"_ _1\"></span>nza p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le pl<span class=\"_ _1\"></span>usval<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ta di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i le ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inin<span class=\"_ _1\"></span>o la p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>o, la pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>\u00e8 adeguata al relativ<span class=\"_ _0\"></span>o <span class=\"ff12 ls3 ws38\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> e la rivalutazione concorre alla formazione della plusvalenza (<span class=\"_ _0\"></span>minusvalenza)<span class=\"_ _348\"> </span>derivante dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione.<span class=\"_ _348\"> </span><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gsb9\">Immobilizzazioni materiali<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc4 sc0 ls2b ws5e gsba\">Immobili,<span class=\"_ _0\"></span> impianti e m<span class=\"_ _0\"></span>acchinari<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9d gsbb\">Gli im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bili, im<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>anti e m<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to o di pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsbc\">one<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>i dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta im<span class=\"_ _1\"></span>put<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e re<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>cati d<span class=\"_ _1\"></span>ai r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vi am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re cu<span class=\"_ _1\"></span>mula<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws95 gsbd\">Le im<span class=\"_ _1\"></span>mob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in o<span class=\"_ _1\"></span>gni e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio a q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti, sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsbe\">di ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-tecn<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>ue p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 di uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>i ce<span class=\"_ _1\"></span>spi<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws20e gsbf\">I cos<span class=\"_ _1\"></span>ti di m<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e aventi n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ati a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del l<span class=\"_ _1\"></span>oro<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws3f gsc0\">sostenimento.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws21f gsc1\">I costi di sostitu<span class=\"_ _0\"></span>zione di componenti identificabili di<span class=\"_ _0\"></span> beni comples<span class=\"_ _1\"></span>si sono imputati all<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tivo patrimoniale e<span class=\"_ _0\"></span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws104 gsc2\">amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go l<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e; il valo<span class=\"_ _1\"></span>re di is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>duo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to di s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tituz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls37 wsa0 gsc3\">imputato<span class=\"_ _0\"></span> a conto<span class=\"_ _0\"></span> economico.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2d gsc4\">Le mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>u be<span class=\"_ _1\"></span>ni di te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>no cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te neg<span class=\"_ _1\"></span>li imm<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>li, imp<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>nti e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hina<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>osto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws18f gsc5\">sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to; il per<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nde a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra la v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019immob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gsc6\">materiale e la durata residua del<span class=\"_ _0\"></span> contrat<span class=\"_ _1\"></span>to di<span class=\"_ _0\"></span> loca<span class=\"_ _1\"></span>zione.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsc7\">Le al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cate s<span class=\"_ _1\"></span>ono q<span class=\"_ _1\"></span>uel<span class=\"_ _1\"></span>le di s<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ito ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsc8\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mob<span class=\"_ _1\"></span>ili e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hine d\u2019uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio <span class=\"_ _1ff\"> </span>1<span class=\"_ _6\"></span>2%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsc9\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Mobili e attrezzature fieristiche <span class=\"_ _200\"> </span>27<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsca\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ele<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d a nol<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>gio <span class=\"_ _54\"> </span>4<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gscb\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Beni in metallo destinati<span class=\"_ _0\"></span> al noleggio <span class=\"_ _1e0\"> </span>1<span class=\"_ _6\"></span>3,5<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gscc\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine, apparecchiature ed attrezz<span class=\"_ _1\"></span>ature varie <span class=\"_ _201\"> </span>1<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gscd\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls43 ws220\">Au<span class=\"_ _1\"></span>tovet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e 25<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsce\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine elettroniche <span class=\"_ _202\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gscf\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti e macchinari <span class=\"_ _4b\"> </span>1<span class=\"_ _6\"></span>0%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsd0\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti telef<span class=\"_ _0\"></span>onici  <span class=\"_ _203\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsd1\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Impi<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti d\u2019<span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>e <span class=\"_ _125\"> </span>3<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsd2\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls73 ws221\">A<span class=\"_ _3\"></span>r<span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _7\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _7\"></span>-1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsd3\">Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws176 gsd4\">Se vi s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne le im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni ma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a una ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsd5\">(<span class=\"ff12 ls38 ws11\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent te<span class=\"_ _1\"></span>st</span><span class=\"ls39 ws92\">) attrav<span class=\"_ _0\"></span>erso il procedi<span class=\"_ _0\"></span>mento<span class=\"_ _0\"></span> illustrat<span class=\"_ _6\"></span>o nel paragrafo<span class=\"_ _0\"></span> \u201cPerd<span class=\"_ _0\"></span>ita di v<span class=\"_ _6\"></span>alore delle a<span class=\"_ _0\"></span>ttivit\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gsd6\">Immobilizzazioni immateriali<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws100 gsd7\">Un\u2019<span class=\"_ _6\"></span>attivit\u00e0 immateriale viene rilev<span class=\"_ _0\"></span>ata contabilmente solo se \u00e8<span class=\"_ _0\"></span> identificabile e controllabile,<span class=\"_ _0\"></span> \u00e8 prevedibile<span class=\"_ _0\"></span> che generi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsd8\">be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci f<span class=\"_ _1\"></span>utur<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>d il su<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gsd9\">Avviamenti e attivit\u00e0 immateriali a<span class=\"_ _6\"></span> vit<span class=\"_ _1\"></span>a non<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wscd gsda\">L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante da o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i <span class=\"ff12 ls6 ws197\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 wscd\"> \u00e8 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls6 ws197\"><span class=\"ff6 ls3 wscd\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws36 gsdb\">acquisizione, come indicat<span class=\"_ _0\"></span>o al precedente paragrafo \u201c<span class=\"ff12 ls6 ws2e\">business combinat<span class=\"_ _0\"></span>ion<span class=\"ff6 ls3 ws12d\">\u201d e allo<span class=\"_ _1\"></span>cato, ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>ll\u2019</span><span class=\"ls39 ws92\">impairment<span class=\"ff6 ls3 ws3\"> </span></span></span></div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls48 wsd6 gsdc\">test,<span class=\"ff6 ls3 ws222\"> a<span class=\"_ _1\"></span>lle </span><span class=\"ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws222\"> (o gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>pi di <span class=\"ff12 ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"ff6 ls7 ws223\">)<span class=\"_ _0\"></span> che beneficiano delle sinergie consentite<span class=\"_ _348\"> </span></span></span></span></span><span class=\"ls8 ws21f\"><span class=\"ff6 ls3 ws222\"><span class=\"ff12 ls8 ws21f\"><span class=\"ff6 ls7 ws223\"> </span></span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws3b gsdd\">dall\u2019<span class=\"_ _6\"></span>acquisizione che lo hanno<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato<span class=\"_ _0\"></span>. Dopo l\u2019<span class=\"_ _6\"></span>isc<span class=\"_ _1\"></span>rizione iniziale<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _6\"></span>avviamento viene valutato<span class=\"_ _0\"></span> al costo diminuit<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4e gsde\">del<span class=\"_ _1\"></span>le event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>a ana<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di <span class=\"ff12 ls38 ws13b\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t</span> (vedi pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo \u201cPe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws93 gsdf\">at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d<span class=\"_ _1\"></span>). Un\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>ndo n<span class=\"_ _1\"></span>on \u00e8 p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e un lim<span class=\"_ _1\"></span>ite<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa0 gse0\">all\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le si r<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e che l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. Le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gse1\">imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, non so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3a wsca gse3\">Attivit\u00e0 immateriali a vita definita<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1c5 gse4\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ta so<span class=\"_ _1\"></span>no val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to o di pro<span class=\"_ _1\"></span>duz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws102 gse5\">one<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri, e<span class=\"_ _1\"></span>d am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lla lo<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf4 gse6\">futu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>. Se v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ind<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate a un<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 (<span class=\"ff12 ls39 ws92\">im<span class=\"_ _1\"></span>pairment<span class=\"_ _348\"> </span></span><span class=\"ff12 ls39 ws92\"> </span></div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls38 ws11 gse7\">test<span class=\"ff6 ls3 ws3\">) c<span class=\"_ _1\"></span>he \u00e8 ill<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta ne<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>raf<span class=\"_ _1\"></span>o \u201cPer<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5b gse8\">A par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span>ul<span class=\"_ _1\"></span>timo t<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 i m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he (<span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>me li<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i, lis<span class=\"_ _1\"></span>ta v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd9 gse9\">e lo st<span class=\"_ _0\"></span>ess<span class=\"_ _1\"></span>o marchio della manifestazione) sono stati<span class=\"_ _0\"></span> riclas<span class=\"_ _1\"></span>sificati unitamente alle t<span class=\"_ _0\"></span>estate editoriali dalla cat<span class=\"_ _0\"></span>egoria<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws86 gsea\">av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a vit<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n defin<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla c<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ria a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali a v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>a sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le si b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ava<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws162 gseb\">sulla considera<span class=\"_ _1\"></span>zione che i<span class=\"_ _0\"></span> busines<span class=\"_ _1\"></span>s<span class=\"ff12 ls3 ws3\"> <span class=\"_ _6\"></span><span class=\"ff6 ls39 wse9\">sott<span class=\"_ _0\"></span>ostanti a<span class=\"_ _0\"></span> tali <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsd3\">, vale a di<span class=\"_ _1\"></span>re le m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e le p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span></span></span></span><span class=\"ff12 ls3 ws3\"><span class=\"ff6 ls39 wse9\"><span class=\"ff12 ls3a wsca\"><span class=\"ff6 ls3 wsd3\"> </span></span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1c gsec\">spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate, s<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>avano c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e non p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ili di u<span class=\"_ _1\"></span>na valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsac gsed\">In so<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le, no<span class=\"_ _1\"></span>n er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tori n<span class=\"_ _1\"></span>\u00e9 di c<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere e<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, nor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivo o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws115 gsee\">le<span class=\"_ _1\"></span>gal<span class=\"_ _1\"></span>e, n\u00e9 di c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>e spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 o de<span class=\"_ _1\"></span>l set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di que<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bili, t<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsef\">fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>re un li<span class=\"_ _1\"></span>mite p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e al p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i net<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws15 gsf0\">In effetti, l\u2019<span class=\"_ _6\"></span>evol<span class=\"_ _0\"></span>uzione dei mercati nazionali ed internazionali in genere, unitamente al<span class=\"_ _0\"></span>le dinamiche competitive<span class=\"_ _0\"></span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws109 gsf1\">interne dei settori di riferimento<span class=\"_ _0\"></span> delle manifestazioni fieris<span class=\"_ _1\"></span>tiche e delle<span class=\"_ _0\"></span> pubblica<span class=\"_ _1\"></span>zioni specializzate, hanno suggerito<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsca gsf2\">di sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>re a ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca i p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti. L<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nclu<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>ui si \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>venu<span class=\"_ _1\"></span>ti, an<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc7 gsf3\">una c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>n le p<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>ri it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>i e str<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i, \u00e8 di st<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>re un<span class=\"_ _1\"></span>a vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsf4\">defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i a 20 anni n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>i, sia p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>he pe<span class=\"_ _1\"></span>r le te<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate ed<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1d0 gsf5\">Inol<span class=\"_ _1\"></span>tre, q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>te ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o mos<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r al<span class=\"_ _1\"></span>cuni i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ibili u<span class=\"_ _1\"></span>n livel<span class=\"_ _1\"></span>lo di in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsf6\">stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zzo<span class=\"_ _1\"></span>nte tem<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto, la vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta pa<span class=\"_ _1\"></span>ri a 10 anni.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsf7\">Per<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to, le aliq<span class=\"_ _1\"></span>uote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate:<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsf8\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he <span class=\"_ _204\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gsf9\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Al<span class=\"_ _1\"></span>tri m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi e T<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate e<span class=\"_ _1\"></span>ditor<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li <span class=\"_ _205\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsfa\">Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wse1 gsfb\">I dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti di b<span class=\"_ _1\"></span>revet<span class=\"_ _1\"></span>to in<span class=\"_ _1\"></span>dus<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ale e i d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019inge<span class=\"_ _1\"></span>gno, le li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nze e le c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsfc\">amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do d<span class=\"_ _1\"></span>a tre a di<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>i a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o di so<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf4 gsfd\">I cos<span class=\"_ _1\"></span>ti di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o add<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i. In os<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>za d<span class=\"_ _1\"></span>ello I<span class=\"_ _1\"></span>AS 38 i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9a gsfe\">svilu<span class=\"_ _1\"></span>ppo r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti, i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>uso i<span class=\"_ _1\"></span>l lan<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i nuove ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l lor<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws39 gsff\">be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>cio f<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>ro \u00e8 ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>to e il l<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile e<span class=\"_ _1\"></span>d<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa6 gs100\">amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i i be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i si m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to. Il valor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws119 gs101\">di ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>inato a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio, o co<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za p<span class=\"_ _1\"></span>i\u00f9 rav<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a se pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1d0 gs102\">rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>uit<span class=\"_ _1\"></span>\u00e0 ai fin<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls51 ws5c gs103\">val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3a wsca gs104\">Perdita di v<span class=\"_ _0\"></span>alore delle attivit\u00e0<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsda gs105\">L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto e le a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i a vit<span class=\"_ _1\"></span>a non d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i a una s<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws97 gs106\">recuperabilit\u00e0<span class=\"_ _0\"></span> (<span class=\"ff12 ls38 ws1c\">imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test)</span><span class=\"ls3 ws12\"> ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio, o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze pi\u00f9 b<span class=\"_ _1\"></span>revi, qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span></span><span class=\"ls3 ws12\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs107\">eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o indi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws17d gs108\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iali a v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, son<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a <span class=\"ff12 ls39 ws92\">impairment<span class=\"_ _348\"> </span></span><span class=\"ff12 ls39 ws92\"> </span></div><div class=\"t m0 hd ff12 fs8 fc4 sc0 ls3 ws3 gs109\">tes<span class=\"_ _1\"></span>t <span class=\"ff6\">sol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>a em<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di val<span class=\"_ _1\"></span>ore.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws16 gs10a\">La r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nfr<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n il ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf5 gs10b\">tra il p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a e il valo<span class=\"_ _1\"></span>re d\u2019uso d<span class=\"_ _1\"></span>el be<span class=\"_ _1\"></span>ne. I<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a \u00e8 l\u2019impor<span class=\"_ _7\"></span>to ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e dall<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc4 gs10c\">di un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 in u<span class=\"_ _1\"></span>na op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne f<span class=\"_ _1\"></span>ra pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>pen<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i cos<span class=\"_ _1\"></span>ti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb4 gs10d\">as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ac<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>di vi<span class=\"_ _1\"></span>nco<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nti oc<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo, ovve<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>lle mi<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5b gs10e\">info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i tenu<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>to, tra l\u2019<span class=\"_ _0\"></span>alt<span class=\"_ _1\"></span>ro, del<span class=\"_ _1\"></span>le re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nti tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 s<span class=\"_ _1\"></span>imili e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws149 gs10f\">set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co. Il val<span class=\"_ _1\"></span>ore d\u2019uso \u00e8 d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ito sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws43 gs110\">me<span class=\"_ _1\"></span>dio p<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofil<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to omo<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>neo, d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4f gs111\">ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>i \u2013 le c.d. <span class=\"ff12 ls8 ws3a\">cash genera<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> unit<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws4f\">) e da<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>ua<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 ws3a\"><span class=\"ff6 ls3 ws4f\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs112\">dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne a<span class=\"_ _1\"></span>l ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a sua v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span></div>Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o su<span class=\"_ _1\"></span>cce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte, una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a su at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, vien<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>no o si r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>ce, il va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ell\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>ino a<span class=\"_ _1\"></span>lla nu<span class=\"_ _1\"></span>ova stim<span class=\"_ _1\"></span>a del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile e no<span class=\"_ _1\"></span>n pu<span class=\"_ _1\"></span>\u00f2 ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il val<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span>che s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato se no<span class=\"_ _1\"></span>n fos<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ta ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a alc<span class=\"_ _1\"></span>una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re. Il r<span class=\"_ _1\"></span>ipr<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ino di u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, \u00e8 iscr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>Beni in<span class=\"_ _0\"></span> leasing<span class=\"_ _348\"> </span>Un co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to \u00e8 un le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>, o con<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne un l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, se tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>a titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>el di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di un<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>specifico <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws105\">, pe<span class=\"_ _1\"></span>r un pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>o di temp<span class=\"_ _1\"></span>o, sta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>ito all\u2019origi<span class=\"_ _1\"></span>ne, in c<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>io di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo pat<span class=\"_ _1\"></span>tui<span class=\"_ _1\"></span>to, define<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span></span></span>le co<span class=\"_ _1\"></span>ndiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i d\u2019uso del<span class=\"_ _1\"></span>lo ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o e an<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ato, il ma<span class=\"_ _1\"></span>nteni<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la su<span class=\"_ _1\"></span>a ef<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a nel te<span class=\"_ _1\"></span>mpo.<span class=\"_ _348\"> </span>Con l\u2019adozion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019IFRS 16 la figur<span class=\"_ _1\"></span>a del L<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o sub<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di ri<span class=\"_ _1\"></span>lievo; non \u00e8 pi<span class=\"_ _1\"></span>\u00f9 tenu<span class=\"_ _1\"></span>to a dis<span class=\"_ _1\"></span>ting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>tra l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivo e le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, in qua<span class=\"_ _1\"></span>nto la di<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne tr<span class=\"_ _1\"></span>a le du<span class=\"_ _1\"></span>e tipo<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ie \u00e8 su<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>lla di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>tra c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g e co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi. Qu<span class=\"_ _1\"></span>indi s<span class=\"_ _1\"></span>e si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, a p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r\u00e0 un <span class=\"_ _7\"></span>uni<span class=\"_ _1\"></span>co<span class=\"_ _348\"> </span>modello contabile indipendente dalle<span class=\"_ _0\"></span> carat<span class=\"_ _1\"></span>teristiche del contratto stesso.<span class=\"_ _348\"> </span>I <span class=\"ff12 ws16\">R<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ht Of U<span class=\"_ _1\"></span>se</span><span class=\"ls7 wsa8\"> pi\u00f9 significativi che si determinano nel Gruppo Fiera Milano<span class=\"_ _0\"></span> in conseguenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>applicazione de<span class=\"_ _348\"> </span></span><span class=\"ls7 wsa8\">l<span class=\"_ _348\"> </span></span>pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipio I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _0\"></span>6 no<span class=\"_ _1\"></span>n gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a ind<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e d<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue la ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica d<span class=\"_ _1\"></span>el l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuata esclusivamente nell\u2019<span class=\"_ _6\"></span>ambito delle<span class=\"_ _0\"></span> CGU di appartenenza<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Controllo e<span class=\"_ _0\"></span> identi<span class=\"_ _1\"></span>ficabilit\u00e0 del bene<span class=\"_ _348\"> </span>Per st<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilir<span class=\"_ _1\"></span>e che il b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to sia in l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g o si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zio si tie<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>onto di d<span class=\"_ _1\"></span>ue el<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>sos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ali: il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o e l\u2019identi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ne i<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo <span class=\"_ _3\"></span>que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>to rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da la d<span class=\"_ _1\"></span>irez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>l lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io s<span class=\"_ _1\"></span>ull\u2019uso e l\u2019<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>benefici economici derivanti dall\u2019<span class=\"_ _6\"></span>utilizzo del bene, identificato<span class=\"_ _0\"></span>, oggetto del contratto.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da invec<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _12\"> </span>es<span class=\"_ _1\"></span>sa su<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>te ogn<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>lvolt<span class=\"_ _1\"></span>a un <span class=\"_ _12\"> </span>ass<span class=\"_ _1\"></span>et <span class=\"_ _12\"> </span>pu\u00f2 e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to in<span class=\"_ _348\"> </span>man<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ra un<span class=\"_ _1\"></span>ivoc<span class=\"_ _1\"></span>a, a p<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to che n<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ia pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ente u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuzi<span class=\"_ _1\"></span>one a f<span class=\"_ _1\"></span>avore de<span class=\"_ _1\"></span>l loc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, al qua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>are a<span class=\"_ _1\"></span>d avere il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>atar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ad<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ta un u<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>o mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>llo di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto e mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r tut<span class=\"_ _1\"></span>ti i l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di<span class=\"_ _348\"> </span>breve ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>d i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng di b<span class=\"_ _1\"></span>eni d<span class=\"_ _1\"></span>i mod<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o valo<span class=\"_ _1\"></span>re. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e le pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d\u2019uso che r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to ad u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e il be<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>i) At<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019us<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di in<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing (ci<span class=\"_ _1\"></span>o\u00e8 la d<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n cui l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>\u00e8 disp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r l\u2019uso). Le att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 pe<span class=\"_ _1\"></span>r il di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tto d\u2019uso s<span class=\"_ _1\"></span>ono m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te al co<span class=\"_ _1\"></span>sto, al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>acc<span class=\"_ _1\"></span>umu<span class=\"_ _1\"></span>lati e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re, e re<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>sia<span class=\"_ _1\"></span>si r<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 di le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng. Il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ri<span class=\"_ _1\"></span>levate, i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i inizi<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>e i pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019inizio a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiv<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>ti. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo o, se a<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>re, al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, com<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>se<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Imm<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ali <span class=\"_ _57\"> </span>da 1 a 1<span class=\"_ _0\"></span>2 ann<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Parc<span class=\"_ _1\"></span>o auto <span class=\"_ _206\"> </span>da 1 a 4 an<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span>Se il le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e la pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte al l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o al ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o s<span class=\"_ _1\"></span>e il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te il fat<span class=\"_ _1\"></span>to ch<span class=\"_ _1\"></span>e il lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>\u00e0 l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto, il<span class=\"_ _348\"> </span>loc<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io deve a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso da<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a fino a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla vi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>utile dell\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>ante.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a <span class=\"ff12 ls9 ws61\">Impairment<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws19\">. S<span class=\"_ _1\"></span>i rinv<span class=\"_ _1\"></span>ia a qu<span class=\"_ _1\"></span>anto in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ato al p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo 1<span class=\"_ _0\"></span>.6 \u201cUs<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>s<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>\u201d.<span class=\"_ _348\"> </span>ii) Passiv<span class=\"_ _0\"></span>it\u00e0 leg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> al leasin<span class=\"_ _6\"></span>g<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>eva le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>ole a<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ovuti p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng no<span class=\"_ _1\"></span>n an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ati a t<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>. I pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti dovu<span class=\"_ _1\"></span>ti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>enti fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>(comp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>si i pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fis<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a) al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di event<span class=\"_ _1\"></span>uali i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng da r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evere, i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>vari<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili di le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g che di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no da u<span class=\"_ _1\"></span>n ind<span class=\"_ _1\"></span>ice o u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o, e gli im<span class=\"_ _1\"></span>por<span class=\"_ _7\"></span>ti ch<span class=\"_ _1\"></span>e si p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>e dovr<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>ti a<span class=\"_ _348\"> </span>titol<span class=\"_ _1\"></span>o di ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>o. I paga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>no an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to se s<span class=\"_ _1\"></span>i \u00e8 rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i che t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>al G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo e i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti di p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>di risoluzione del leasing,<span class=\"_ _0\"></span> se la durata del leasing tiene cont<span class=\"_ _0\"></span>o dell\u2019<span class=\"_ _6\"></span>esercizio da parte del Gruppo dell\u2019<span class=\"_ _6\"></span>opzione di<span class=\"_ _348\"> </span>risoluzione del leasing stesso.<span class=\"_ _348\"> </span>I pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bili c<span class=\"_ _1\"></span>he no<span class=\"_ _1\"></span>n dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o da un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e o da u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>me co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span>nel p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do (sa<span class=\"_ _1\"></span>lvo ch<span class=\"_ _1\"></span>e non s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze) in cui s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>nto o la<span class=\"_ _348\"> </span>condizione che ha<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato i<span class=\"_ _0\"></span>l pagamento.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti dov<span class=\"_ _1\"></span>uti, il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o us<span class=\"_ _1\"></span>a il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>gina<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>di iniz<span class=\"_ _1\"></span>io se i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o d\u2019intere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>to non \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nab<span class=\"_ _1\"></span>ile f<span class=\"_ _1\"></span>acil<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te. Dop<span class=\"_ _1\"></span>o la d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, l\u2019imp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>la pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing s<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>er ten<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i sull<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rar<span class=\"_ _1\"></span>e i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uati. I<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>tre, il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ei d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing \u00e8 r<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato ne<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>di eventu<span class=\"_ _1\"></span>ali m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o p<span class=\"_ _1\"></span>er la r<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>mini c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r la mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>i pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti; \u00e8<span class=\"_ _348\"> </span>rideterminato<span class=\"_ _0\"></span>, altres\u00ec, in presenza di modifiche in<span class=\"_ _0\"></span> merito alla v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>opzione dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acquisto dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _348\"> </span>sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte o pe<span class=\"_ _1\"></span>r var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ei pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i che d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da u<span class=\"_ _1\"></span>na mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>ll\u2019indi<span class=\"_ _1\"></span>ce o de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span>determinare tali pagamenti.<span class=\"_ _348\"> </span>ii<span class=\"_ _1\"></span>i) Le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i br<span class=\"_ _1\"></span>eve dur<span class=\"_ _1\"></span>ata e l<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r la r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di br<span class=\"_ _1\"></span>eve dura<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>i mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri e<span class=\"_ _1\"></span>d at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ture (<span class=\"_ _1\"></span>i.e.,<span class=\"_ _348\"> </span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a dur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di 1<span class=\"_ _0\"></span>2 me<span class=\"_ _1\"></span>si o inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>izio e n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>opzio<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>isto).<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ha a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to ino<span class=\"_ _1\"></span>ltre l\u2019esenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e in ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto ai c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>d app<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio il c<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ore \u00e8 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato ba<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o. I ca<span class=\"_ _1\"></span>noni r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g a br<span class=\"_ _1\"></span>eve<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mine e a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sto valo<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>n quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>I con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte la<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o in ca<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i ris<span class=\"_ _1\"></span>chi e b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>bene sono classificati come leasing operativi. I prov<span class=\"_ _0\"></span>enti da leasing derivanti<span class=\"_ _0\"></span> da leasing operativi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>ril<span class=\"_ _1\"></span>evati in qu<span class=\"_ _1\"></span>ote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>anti l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o la du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng, e s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>usi t<span class=\"_ _1\"></span>ra r<span class=\"_ _1\"></span>icav<span class=\"_ _1\"></span>i nel c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o dat<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span>natura operativa. I costi i<span class=\"_ _0\"></span>niziali di negoz<span class=\"_ _0\"></span>iazione sono aggiunti al valore<span class=\"_ _0\"></span> contabile del bene locato e rile<span class=\"_ _0\"></span>vati in<span class=\"_ _0\"></span> base<span class=\"_ _348\"> </span>alla d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to su<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>ede<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ma ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roventi d<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one. A<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fit<span class=\"_ _1\"></span>ti n<span class=\"_ _1\"></span>on pr<span class=\"_ _1\"></span>eventi<span class=\"_ _1\"></span>vati so<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>avi ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie<span class=\"_ _348\"> </span>l\u2019IFRS 9 pr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>he qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ora s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ni no<span class=\"_ _1\"></span>n ven<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ate, gli s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se di e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i cri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Business Model definito dall\u2019<span class=\"_ _6\"></span>entit\u00e0 per la<span class=\"_ _0\"></span> gestione degli strumenti finanziari, e<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri.<span class=\"_ _348\"> </span></span>L<span class=\"_ _8\"></span>\u2019I<span class=\"_ _1\"></span>FRS 9 pr<span class=\"_ _1\"></span>evede t<span class=\"_ _1\"></span>re ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsd6\">at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>eten<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li (o Hel<span class=\"_ _1\"></span>d to Coll<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>t - Ht<span class=\"_ _1\"></span>C), valuta<span class=\"_ _1\"></span>te con il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span>costo ammortizzato<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws8b\">at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dete<span class=\"_ _1\"></span>nute s<span class=\"_ _1\"></span>ia pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li si<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te (o Both hel<span class=\"_ _1\"></span>d to col<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ct a<span class=\"_ _1\"></span>nd<span class=\"_ _348\"> </span></span>for s<span class=\"_ _1\"></span>ale - H<span class=\"_ _1\"></span>tC&amp;S) val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls3e wsa0\"> al conto economico (FV<span class=\"_ _1\"></span>TPL) o<span class=\"_ _0\"></span> conto economico complessiv<span class=\"_ _0\"></span>o (FVOCI)<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsf1\">alt<span class=\"_ _1\"></span>ri st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls37 wsfc\"> al conto economico<span class=\"_ _0\"></span>. Detta categoria residuale pu\u00f2<span class=\"_ _0\"></span> comprendere<span class=\"_ _348\"> </span></span></span>tut<span class=\"_ _1\"></span>ti i B<span class=\"_ _1\"></span>usi<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss Mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws224 gs171\">Le attivit\u00e0 finanziarie sono inizialmente<span class=\"_ _0\"></span> rilevat<span class=\"_ _0\"></span>e al <span class=\"ff12 ls3 ws1a3\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls39 ws225\"> normalmente rappr<span class=\"_ _0\"></span>esentato<span class=\"_ _0\"></span> dal prezzo<span class=\"_ _0\"></span> della<span class=\"_ _348\"> </span></span><span class=\"ls39 ws225\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs172\">transa<span class=\"_ _1\"></span>zione, aumentato<span class=\"_ _0\"></span> degli oneri acces<span class=\"_ _1\"></span>sori all\u2019<span class=\"_ _6\"></span>acquisto stesso.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws32 gs173\">Il cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta l<span class=\"_ _1\"></span>a migl<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsef gs174\">da tito<span class=\"_ _1\"></span>li di de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to e cre<span class=\"_ _1\"></span>diti, i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ente di r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re gli i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si lu<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i dete<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs175\">del principio della competenza.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1d gs176\">Le valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ini<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>e veng<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uate al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato o al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e t<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs177\">modalit\u00e0 vengono applicate i<span class=\"_ _0\"></span>n base alla categoria di appartenenza dello strumento finanziario considerato.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws15b gs178\">Riguardo alla classifica<span class=\"_ _1\"></span>zione delle passivit\u00e0 finanziarie, l\u2019<span class=\"_ _0\"></span>IFRS 9<span class=\"_ _0\"></span> prevede la regola generale per cui un<span class=\"_ _6\"></span>\u2019<span class=\"_ _0\"></span>entit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws168 gs179\">valu<span class=\"_ _1\"></span>ta le p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to amm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to usa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il meto<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>ll\u2019intere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo (co<span class=\"_ _1\"></span>me ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>deva<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws104 gs17a\">pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te con l<span class=\"_ _1\"></span>o IAS 3<span class=\"_ _1\"></span>9). Rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>do al<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 mi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>, le eventua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws36 gs17b\">di valore<span class=\"_ _0\"></span> sono imputate a cont<span class=\"_ _0\"></span>o economico par<span class=\"_ _1\"></span>tecipando, quindi,<span class=\"_ _0\"></span> alla determinazione del risultato d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ercizio<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsf1 gs17c\">tuttavia, qualora tali variazioni siano determinate da<span class=\"_ _0\"></span> un cambiamento del <span class=\"ff12 ls9 ws5b\">credit<span class=\"_ _0\"></span> risk<span class=\"ff6 ls7 wsf1\"> l<span class=\"_ _0\"></span>\u2019imputazione delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls9 ws5b\"><span class=\"ff6 ls7 wsf1\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs17d\">del <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue</span><span class=\"ls7 ws34\"> av<span class=\"_ _1\"></span>viene a patrimonio netto<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws147 gs17e\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te co<span class=\"_ _1\"></span>n l\u2019intento di ma<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ino a s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ate fr<span class=\"_ _1\"></span>a le at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws5b gs17f\">cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e la sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a dod<span class=\"_ _1\"></span>ici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i e non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e sup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e. So<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws92 gs180\">amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to. Que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>\u2019ultimo \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nato ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>el t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo, ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd1 gs181\">eventu<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti o pr<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>i al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to per r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>irli l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o l\u2019intero p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di tem<span class=\"_ _1\"></span>po i<span class=\"_ _1\"></span>nterc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte fin<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs182\">alla s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>ito di even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws101 gs183\">I fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>el ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo di r<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 wsff gs184\">dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _0\"></span> finanziaria.<span class=\"_ _0\"></span> Ad ogni<span class=\"_ _0\"></span> chiusura<span class=\"_ _0\"></span> di bil<span class=\"_ _0\"></span>ancio le<span class=\"_ _0\"></span> Societ\u00e0 appartenenti<span class=\"_ _0\"></span> al Gruppo v<span class=\"_ _6\"></span>alutano la recuperabil<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs185\">di ta<span class=\"_ _1\"></span>li cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws15c gs186\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti, a me<span class=\"_ _1\"></span>no ch<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n si inte<span class=\"_ _1\"></span>nda<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb9 gs187\">dis<span class=\"_ _1\"></span>met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rle e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>o do<span class=\"_ _1\"></span>dici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o, e valut<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>. Gli utili o l<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i da que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws91 gs188\">valutazione sono rilevat<span class=\"_ _0\"></span>i nelle altre componenti del cont<span class=\"_ _0\"></span>o economico comples<span class=\"_ _1\"></span>sivo,<span class=\"_ _0\"></span> accumulate in<span class=\"_ _0\"></span> una specifica<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs189\">ris<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>va di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>no a ch<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>se n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te, rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te o com<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue c<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls9 ws61 gs18a\">Partecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws17f gs18b\">Rientrano nell\u2019<span class=\"_ _6\"></span>ambito di applicazione delle norme sulla classificazione e misurazione del principio IFRS 9<span class=\"_ _0\"></span> le<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws25 gs18c\">par<span class=\"_ _1\"></span>tecipazioni aziona<span class=\"_ _1\"></span>rie escluse le interessenze azionarie in societ\u00e0 controllate<span class=\"_ _0\"></span>, collegate e a<span class=\"_ _0\"></span> controllo congiunto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3c gs18d\">e der<span class=\"_ _1\"></span>ivat<span class=\"_ _1\"></span>i su di e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ch<span class=\"_ _1\"></span>e rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ino n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>one di s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o IAS 32. In ta<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e le<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs18e\">par<span class=\"_ _1\"></span>tecipazioni sono misurate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\"> co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws16f gs18f\">Le par<span class=\"_ _1\"></span>tecipazioni in societ\u00e0 collegate identificat<span class=\"_ _0\"></span>e come <span class=\"ff12 ls38 ws161\">joint ventu<span class=\"_ _1\"></span>re</span><span class=\"ls3 ws162\"> ven<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con il m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls3 ws162\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws7f gs190\">netto che prev<span class=\"_ _0\"></span>ede la rilev<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zione in una<span class=\"_ _0\"></span> specific<span class=\"_ _1\"></span>a voce nel<span class=\"_ _0\"></span> prospet<span class=\"_ _1\"></span>to del risultato<span class=\"_ _0\"></span> economico comple<span class=\"_ _1\"></span>ssivo della<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs191\">quot<span class=\"_ _1\"></span>a di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o dei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 sul<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ali vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ata u<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>flue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a notevole.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3a wsca gs192\">Rimanenze<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsb3 gs193\">Le ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore tr<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>osto di a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re ne<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo. Le r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa9 gs194\">del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite p<span class=\"_ _1\"></span>revale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte da co<span class=\"_ _1\"></span>sti s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>si re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pete<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs195\">nonch\u00e9 da materiale di<span class=\"_ _0\"></span> consumo.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs196\">Disponibilit\u00e0<span class=\"_ _0\"></span> liquide e<span class=\"_ _0\"></span> mezzi equiv<span class=\"_ _0\"></span>alenti<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws27 gs197\">Le dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ide e m<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>vale<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no il d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a, i d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri a v<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4c gs198\">invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ria c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a prev<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>a non s<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a tre m<span class=\"_ _1\"></span>esi. L<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs199\">liquide e mezzi equiv<span class=\"_ _0\"></span>alenti del rendiconto finanziario consolidato<span class=\"_ _0\"></span> corri<span class=\"_ _1\"></span>sponde a quella dello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3a wsca gs19a\">Attivit\u00e0 e passivit\u00e0 destinate alla v<span class=\"_ _0\"></span>endita<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws17d gs19b\">Incl<span class=\"_ _1\"></span>udo<span class=\"_ _1\"></span>no l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 e l<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 (o gru<span class=\"_ _1\"></span>ppi d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 in dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>/<span class=\"ff12 ls6 ws162\">discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws17d\">) i<span class=\"_ _1\"></span>l cui va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls6 ws162\"><span class=\"ff6 ls3 ws17d\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gs19c\">contabile<span class=\"_ _0\"></span> sar\u00e0 recuperat<span class=\"_ _0\"></span>o principal<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> attraverso la<span class=\"_ _0\"></span> vendi<span class=\"_ _0\"></span>ta piuttost<span class=\"_ _0\"></span>o che<span class=\"_ _0\"></span> attraverso l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>utili<span class=\"_ _0\"></span>zzo conti<span class=\"_ _0\"></span>nuativ<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span></div>Perch\u00e8 ci\u00f2 si<span class=\"_ _0\"></span> verifichi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re rispettate le seguenti condizioni:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws46\">l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 (o gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>i in di<span class=\"_ _1\"></span>smi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e) devono e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>lle lo<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsbc\">la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a deve es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e, os<span class=\"_ _1\"></span>sia l<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 deve e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a in un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r la<span class=\"_ _348\"> </span></span>lor<span class=\"_ _1\"></span>o dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one, d<span class=\"_ _1\"></span>evono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e sta<span class=\"_ _1\"></span>te av<span class=\"_ _1\"></span>viate l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>e un ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te, ed il c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>della vendita do<span class=\"_ _0\"></span>vrebbe essere previsto entro un<span class=\"_ _0\"></span> anno dalla data della classificazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate al<span class=\"_ _1\"></span>la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra il lo<span class=\"_ _1\"></span>ro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e net<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le e il re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivo <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> al<span class=\"_ _348\"> </span>net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si<span class=\"_ _1\"></span>a ric<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nell<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to, il p<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe al m<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>ella r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>In co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0 al<span class=\"_ _1\"></span>l\u2019IFRS 5, i da<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>e <span class=\"ff12 ls6 wsbc\">discontinued operation<span class=\"_ _0\"></span><span class=\"ff6 ls37 wsa0\"> vengono<span class=\"_ _0\"></span> presentati come segue:<span class=\"_ _0\"></span> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsd7\">in due specifiche voci<span class=\"_ _0\"></span> del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate<span class=\"_ _348\"> </span></span>alla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e Pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>inate a<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndit<span class=\"_ _1\"></span>a;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws210\">in una s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a voce d<span class=\"_ _1\"></span>el Pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivo co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato: Risu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ato net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio<span class=\"_ _348\"> </span></span>delle attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita.<span class=\"_ _348\"> </span>Patrimonio netto<span class=\"_ _348\"> </span>Azioni proprie<span class=\"_ _348\"> </span>Le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o por<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>te a rid<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le pe<span class=\"_ _1\"></span>r il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le e de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r l\u2019impor<span class=\"_ _7\"></span>to ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>In ap<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili I<span class=\"_ _1\"></span>AS/<span class=\"_ _1\"></span>IFRS, c<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>, l\u2019impor<span class=\"_ _7\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte in dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>ntre i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>o tra i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato a dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i. Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>a vendi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie, i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e e dell<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va sovr<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con c<span class=\"_ _1\"></span>ui si e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ido<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>to men<span class=\"_ _1\"></span>tre gli u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>/pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>der<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>nti da<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ltre r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ve, sen<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>sul c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o. Le a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>se c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r il ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>olo d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>/per<span class=\"_ _1\"></span>dite de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>state selezionat<span class=\"_ _0\"></span>e secondo il metodo F<span class=\"_ _0\"></span>IFO<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Sto<span class=\"_ _1\"></span>ck G<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nt<span class=\"_ _348\"> </span>Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to sta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>l\u2019IFRS 2 - Pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>u az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i, l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>delle <span class=\"_ _1\"></span><span class=\"ff12 ls3 ws1d\">s<span class=\"_ _1\"></span>toc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"ff6\"> (</span>fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">) all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u00e8 ri<span class=\"_ _1\"></span>levato inte<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte al c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o tra i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti del<span class=\"_ _348\"> </span></span></span>pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte tr<span class=\"_ _1\"></span>a la da<span class=\"_ _1\"></span>ta di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>se e in<span class=\"_ _348\"> </span>contropar<span class=\"_ _1\"></span>tita \u00e8 rilev<span class=\"_ _0\"></span>ata una riser<span class=\"_ _1\"></span>va di<span class=\"_ _0\"></span> patrimonio netto.<span class=\"_ _348\"> </span>La determinazione del <span class=\"ff12 ls3 ws121\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> delle <span class=\"ff12 ls3 ws121\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt</span> \u00e8 ef<span class=\"_ _1\"></span>fettuata alla data di<span class=\"_ _0\"></span> asse<span class=\"_ _1\"></span>gnazione delle stesse, riflettendo<span class=\"_ _348\"> </span>le condizioni di<span class=\"_ _0\"></span> mercato esistenti alla data<span class=\"_ _0\"></span> in questione.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i sia p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto un \u201cp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do di m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne\u201d ne<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>(rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>ento di o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>) af<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 gli a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i dive<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>o titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i del d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, il cos<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nsi, d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nato<span class=\"_ _348\"> </span>sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te dell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, \u00e8 r<span class=\"_ _1\"></span>ilevato tr<span class=\"_ _1\"></span>a i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span>di un c<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti lu<span class=\"_ _1\"></span>ngo il p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do in<span class=\"_ _1\"></span>terc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte tra l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>In ca<span class=\"_ _1\"></span>so di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one g<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni (c.d. \u201c<span class=\"ff12\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span></span><span class=\"ls7 wsc5\">\u201d<span class=\"_ _1\"></span>) al t<span class=\"_ _0\"></span>ermine del periodo di maturazione, viene<span class=\"_ _348\"> </span></span>reg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rato il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te aume<span class=\"_ _1\"></span>nto di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Costi per<span class=\"_ _6\"></span> operazioni sul<span class=\"_ _0\"></span> capitale<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>uibi<span class=\"_ _1\"></span>li a op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i sul c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati a di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>De<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>, de<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i t<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>, ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti, gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ti e le al<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o inizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i al lo<span class=\"_ _1\"></span>ro <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span>. Suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>al costo ammortiz<span class=\"_ _1\"></span>zato.<span class=\"_ _0\"></span> L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>eliminazione dei debiti dal bilancio a<span class=\"_ _0\"></span>vvie<span class=\"_ _1\"></span>ne quando sono state<span class=\"_ _0\"></span> estinte le obbligazioni<span class=\"_ _348\"> </span>finanzia<span class=\"_ _1\"></span>rie sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>anti.<span class=\"_ _348\"> </span>Le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, se c<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ol<span class=\"_ _1\"></span>tre do<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ci me<span class=\"_ _1\"></span>si, ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l fine di r<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so l\u2019utiliz<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o ta<span class=\"_ _1\"></span>le da r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>l den<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>o e i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>specifici connes<span class=\"_ _1\"></span>si alla passivit\u00e0. Gli interessi di attualizza<span class=\"_ _1\"></span>zione vengono classificati negli oneri finanziari.<span class=\"_ _348\"> </span>Strumenti derivati<span class=\"_ _348\"> </span>Il de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>to \u00e8 uno st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o o qua<span class=\"_ _1\"></span>ls<span class=\"_ _1\"></span>ias<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>tro c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to aven<span class=\"_ _1\"></span>te le se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he: <span class=\"ff12 ls37 wsa0\">(i)</span> il suo va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>a in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne al c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e, di un p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>rum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, di un<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i una m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ce, di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>io in val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, di un ind<span class=\"_ _1\"></span>ice d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zi, di un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e di t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si,<span class=\"_ _348\"> </span>di un me<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ito di cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ito o al<span class=\"_ _1\"></span>tra va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>ta; <span class=\"ff12 ls37 wsa0\">(<span class=\"_ _1\"></span>ii)</span> non ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e un inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e o, se<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto, \u00e8 infe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a que<span class=\"_ _1\"></span>llo c<span class=\"_ _1\"></span>he sa<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>bbe r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i tipi d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti da c<span class=\"_ _1\"></span>ui ci si a<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>reb<span class=\"_ _1\"></span>be un<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>simi<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e a ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i di fat<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato; <span class=\"ff12 ls39 ws92\">(iii)</span> sar<span class=\"_ _1\"></span>\u00e0 re<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>ato a dat<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a, v<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>cato c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>finanziario e conseguentemente viene adeguato al<span class=\"_ _0\"></span> <span class=\"ff12 ls3 ws174\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> a ogni fine esercizio.<span class=\"_ _0\"></span> Gli effet<span class=\"_ _1\"></span>ti dell\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _348\"> </span>sono rico<span class=\"_ _0\"></span>nosciuti<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Fondi<span class=\"_ _6\"></span> per rischi ed<span class=\"_ _6\"></span> oneri<span class=\"_ _348\"> </span>Gli a<span class=\"_ _1\"></span>cca<span class=\"_ _1\"></span>nton<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ati qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>eve far f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te a una ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> (le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le o im<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a) at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale, c<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da un eve<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato, il cui a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> e pe<span class=\"_ _1\"></span>r il cui a<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8 pro<span class=\"_ _1\"></span>bab<span class=\"_ _1\"></span>ile c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ar\u00e0 n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io l\u2019impi<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e. Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>e di im<span class=\"_ _1\"></span>pie<span class=\"_ _1\"></span>go di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span> vadano oltre<span class=\"_ _0\"></span> l\u2019<span class=\"_ _6\"></span>esercizio succe<span class=\"_ _1\"></span>ssivo l\u2019<span class=\"_ _6\"></span>obbligazione \u00e8 iscritta al valore attuale determinato attrav<span class=\"_ _0\"></span>erso l\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tualizza<span class=\"_ _1\"></span>zione<span class=\"_ _348\"> </span>dei fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si sc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tati a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>he ten<span class=\"_ _1\"></span>ga an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>to del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to del d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro e d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>I ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r i qua<span class=\"_ _1\"></span>li il ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di un<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 so<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>nto po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>le ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ito pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>fo su<span class=\"_ _348\"> </span>\u201cInfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va su ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate, imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ni e<span class=\"_ _1\"></span>d alt<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _1\"></span>\u201d e non s<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de a<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Debiti v<span class=\"_ _0\"></span>erso<span class=\"_ _0\"></span> banche ed<span class=\"_ _6\"></span> altre passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuti i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> de<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evuto a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>degli oneri access<span class=\"_ _1\"></span>ori di acquisizione del<span class=\"_ _0\"></span> finanziamento.<span class=\"_ _0\"></span> Dopo tale rilevazione iniziale<span class=\"_ _0\"></span> i finanziamenti vengono<span class=\"_ _348\"> </span>valu<span class=\"_ _1\"></span>tati c<span class=\"_ _1\"></span>on il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span>mite l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo. Il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tene<span class=\"_ _1\"></span>ndo c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di em<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne e di o<span class=\"_ _1\"></span>gni eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to o pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>Benefici<span class=\"_ _0\"></span> ai dipendenti<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i in co<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro s<span class=\"_ _1\"></span>ono<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dal T<span class=\"_ _0\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento di F<span class=\"_ _1\"></span>ine Ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to (<span class=\"_ _1\"></span>TFR<span class=\"_ _1\"></span>), discip<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>lla le<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>sla<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>na al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>21<span class=\"_ _6\"></span>20 del C<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ice C<span class=\"_ _1\"></span>ivil<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il TFR \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to, in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>o IAS 19, un piano a b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>finit<span class=\"_ _1\"></span>i, vale a di<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>di be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>lla fin<span class=\"_ _1\"></span>e del r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di lavor<span class=\"_ _1\"></span>o che c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _0\"></span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e fut<span class=\"_ _1\"></span>ura e p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le il<span class=\"_ _348\"> </span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o si fa c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e di i<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi. Co<span class=\"_ _1\"></span>me ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>9, il Gru<span class=\"_ _1\"></span>ppo u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a il<span class=\"_ _348\"> </span>Metodo della<span class=\"_ _0\"></span> Proiezione Unitaria del Credito<span class=\"_ _0\"></span> per determinare il valore<span class=\"_ _0\"></span> attuale delle obbligazioni e il relativ<span class=\"_ _0\"></span>o costo<span class=\"_ _348\"> </span>prev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di lavo<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente; qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to cal<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tive e<span class=\"_ _348\"> </span>compati<span class=\"_ _0\"></span>bili su<span class=\"_ _0\"></span> variabi<span class=\"_ _0\"></span>li demografiche<span class=\"_ _0\"></span> (tasso di<span class=\"_ _0\"></span> mortalit\u00e0, tasso di ro<span class=\"_ _0\"></span>tazione del personale<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span> finanziarie<span class=\"_ _0\"></span> (tasso di<span class=\"_ _348\"> </span>sc<span class=\"_ _1\"></span>onto, inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i dei l<span class=\"_ _1\"></span>ivelli r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i). Il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ileva la va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di uti<span class=\"_ _1\"></span>li e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>(rimi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne) tr<span class=\"_ _1\"></span>a le al<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo. A se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma s<span class=\"_ _1\"></span>ulla p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span>a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 1\u00b0 genna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>07 il TFR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do \u00e8 de<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nato a<span class=\"_ _1\"></span>i fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one, a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>ia i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuito p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>l\u2019Inps ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro, nel c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>so di im<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se ave<span class=\"_ _1\"></span>nti me<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i 50 dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti, pu<span class=\"_ _1\"></span>\u00f2 rim<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span>n a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente a qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuato negli esercizi precedenti. I<span class=\"_ _0\"></span> dipendenti hanno avuto<span class=\"_ _0\"></span> la facolt\u00e0 di operare la scelta della destinazione del<span class=\"_ _348\"> </span>pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>io tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di fin<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to fin<span class=\"_ _1\"></span>o al 3<span class=\"_ _1\"></span>0 giug<span class=\"_ _1\"></span>no 20<span class=\"_ _1\"></span>07<span class=\"_ _348\"> </span><span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13c gs1c0\">In rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a ci<span class=\"_ _1\"></span>\u00f2, la de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ote ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>e del T<span class=\"_ _1\"></span>FR ai fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro all\u2019I<span class=\"_ _1\"></span>nps c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf2 gs1c1\">che il T<span class=\"_ _1\"></span>FR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o sia c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>me u<span class=\"_ _1\"></span>n pia<span class=\"_ _1\"></span>no a c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti in qu<span class=\"_ _1\"></span>anto l\u2019<span class=\"_ _0\"></span>ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13b gs1c2\">\u00e8 rap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dal ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uti a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do p<span class=\"_ _1\"></span>ens<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne ov<span class=\"_ _1\"></span>vero a<span class=\"_ _1\"></span>ll\u2019In<span class=\"_ _1\"></span>ps. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws114 gs1c3\">rel<span class=\"_ _1\"></span>ativa a<span class=\"_ _1\"></span>l TFR pr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ntinu<span class=\"_ _1\"></span>a a ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o a be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti da val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>are s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs1c4\">attuaria<span class=\"_ _1\"></span>li.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1c5\">I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci dovu<span class=\"_ _1\"></span>ti ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro n<span class=\"_ _1\"></span>on in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>el TFR ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsce gs1c6\">pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e qua<span class=\"_ _1\"></span>ndo l\u2019imp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sa \u00e8 im<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, in mo<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>rovab<span class=\"_ _1\"></span>ile, a in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>re il r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsac gs1c7\">di lavoro d<span class=\"_ _1\"></span>i un dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte o di un G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a del n<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto o e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws145 gs1c8\">pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro a s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>guito d<span class=\"_ _1\"></span>i una p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta pe<span class=\"_ _1\"></span>r in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>re di<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni vol<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa6 gs1c9\">es<span class=\"_ _1\"></span>ube<span class=\"_ _1\"></span>ri. I b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i dovu<span class=\"_ _1\"></span>ti ai di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro no<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>ocu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ll\u2019impre<span class=\"_ _1\"></span>sa b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls37 wsa0 gs1ca\">economici futuri e<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span>tanto v<span class=\"_ _0\"></span>engono rilev<span class=\"_ _0\"></span>ati immediatament<span class=\"_ _0\"></span>e come costo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls9 ws61 gs1cb\">Riconoscimento dei rica<span class=\"_ _0\"></span>vi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws28 gs1cc\">I ric<span class=\"_ _1\"></span>avi s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevati s<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>ndo s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>leto s<span class=\"_ _1\"></span>odd<span class=\"_ _1\"></span>isf<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ghi c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali e il c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 wsfc gs1cd\">acquisisce<span class=\"_ _0\"></span> il cont<span class=\"_ _0\"></span>rollo d<span class=\"_ _0\"></span>ell\u2019<span class=\"_ _6\"></span>attivit\u00e0 t<span class=\"_ _0\"></span>rasferita. Sono<span class=\"_ _0\"></span> iscritti al <span class=\"ff12 ls3 ws8c\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>to o spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte, tenu<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws8c\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1ce\">con<span class=\"_ _1\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i sco<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si e r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni le<span class=\"_ _1\"></span>gate a<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws105 gs1cf\">Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi, il r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avo \u00e8 ric<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuto a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di ade<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsfe gs1d0\">Coe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to preve<span class=\"_ _1\"></span>de l\u2019IFRS 15 nei pa<span class=\"_ _1\"></span>r<span class=\"_ _6\"></span>.31 e se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti, i s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nti le m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf5 gs1d1\">gli even<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti al c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nte le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e gli eve<span class=\"_ _1\"></span>nti, in q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws41 gs1d2\">il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i temp<span class=\"_ _1\"></span>o dur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il qua<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta l<span class=\"_ _1\"></span>a mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>r pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti. A<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente t<span class=\"_ _1\"></span>ali r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avi<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsae gs1d3\">son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati in m<span class=\"_ _1\"></span>odo l<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>are n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne o evento i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto an<span class=\"_ _1\"></span>che l<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ieg<span class=\"_ _1\"></span>ate e i co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws3f gs1d4\">sostenuti sono distribuiti unifor<span class=\"_ _1\"></span>memente durante il loro sv<span class=\"_ _0\"></span>olgimento.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsf8 gs1d5\">Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o \u00e8 pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bile c<span class=\"_ _1\"></span>he i c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i tota<span class=\"_ _1\"></span>li di un<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o i ric<span class=\"_ _1\"></span>avi tot<span class=\"_ _1\"></span>ali de<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e stes<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1d6\">la pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sto co<span class=\"_ _1\"></span>n l\u2019iscr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n ap<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ito fon<span class=\"_ _1\"></span>do.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs1d7\">Costi operativi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws90 gs1d8\">I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivi a b<span class=\"_ _1\"></span>eni e s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi ve<span class=\"_ _1\"></span>ndu<span class=\"_ _1\"></span>ti o c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>uma<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio o p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1d9\">ovve<span class=\"_ _1\"></span>ro qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do no<span class=\"_ _1\"></span>n si p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sa id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019utilit<span class=\"_ _1\"></span>\u00e0 fut<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws4f gs1da\">Il co<span class=\"_ _1\"></span>sto de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>es\u00ec p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a, te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs1db\">compensi agli amministratori, sia<span class=\"_ _0\"></span> di natura fissa che variabile.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws116 gs1dc\">I costi che non soddisfano le<span class=\"_ _0\"></span> condizioni per la loro rile<span class=\"_ _0\"></span>vazione all\u2019<span class=\"_ _6\"></span>attivo patrimoniale sono imputati a<span class=\"_ _0\"></span> conto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs1dd\">economico nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio di<span class=\"_ _0\"></span> sostenimento.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs1de\">Pro<span class=\"_ _0\"></span>venti<span class=\"_ _0\"></span> diversi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1df\">T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e voce h<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dua<span class=\"_ _1\"></span>le e c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde t<span class=\"_ _1\"></span>ra gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i i ri<span class=\"_ _1\"></span>cavi p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i e sov<span class=\"_ _1\"></span>venz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs1e0\">Prov<span class=\"_ _0\"></span>enti e<span class=\"_ _0\"></span> oneri finanziari<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws182 gs1e1\">I proven<span class=\"_ _1\"></span>ti e gli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati c<span class=\"_ _1\"></span>on un c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>o temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a il re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to/<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>ere<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls42 ws2b gs1e2\">effet<span class=\"_ _1\"></span>tivo dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span>/passivi<span class=\"_ _1\"></span>t\u00e0 relativa.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls29 wse8 gs1e3\">Imposte<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3e gs1e4\">Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>dito so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te, pe<span class=\"_ _1\"></span>r ci<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>el re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito imp<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e in co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws86 gs1e5\">alle a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uote e a<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i vig<span class=\"_ _1\"></span>enti n<span class=\"_ _1\"></span>ei Pae<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ei qu<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a. L<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>levate ne<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9c gs1e6\">con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, ad e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>ne di qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve a voci dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ate o ac<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>tate a p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1e7\">il cui e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le \u00e8 r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>uto dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsdc gs1e8\">Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti fr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1e9\">bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io di at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e il l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>te fra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws58 gs1eb\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra in c<span class=\"_ _1\"></span>ui si<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bile l\u2019esiste<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd0 gs1ec\">imp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fi<span class=\"_ _1\"></span>sca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i qu<span class=\"_ _1\"></span>ali u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e tal<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>ldo a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo; il valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1ed\">rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>n bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io \u00e8 og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di una ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i chiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9b gs1ee\">Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te fisc<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>he ci s<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>de ven<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws41 gs1ef\">app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui t<span class=\"_ _1\"></span>ali di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti si re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>liqu<span class=\"_ _1\"></span>ote in vi<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>re o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i not<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs1f0\">succes<span class=\"_ _1\"></span>siva emanazione.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws51 gs1f1\">Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1f2\">dal<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>a au<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>t\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do vi \u00e8 u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le di c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1f3\">Si ved<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato in m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ito al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 47<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs1f4\">Operazioni in<span class=\"_ _6\"></span> valuta estera<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws48 gs1f5\">Le op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in val<span class=\"_ _1\"></span>uta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rate a<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2e gs1f6\">mon<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in valu<span class=\"_ _1\"></span>ta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tite al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o in e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws181 gs1f7\">bilancio. Sono rile<span class=\"_ _0\"></span>vate<span class=\"_ _0\"></span> a conto economico le differenze cambio generate dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>tinzione di<span class=\"_ _0\"></span> poste monetarie o dalla<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd5 gs1f8\">lor<span class=\"_ _1\"></span>o conve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne a ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>a que<span class=\"_ _1\"></span>lli ai q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>te conve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1f9\">nell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o o in bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti. Le di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>enze c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te ne<span class=\"_ _1\"></span>gli on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i e ne<span class=\"_ _1\"></span>i proven<span class=\"_ _1\"></span>ti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs1fa\">Dividendi<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws16 gs1fb\">I ric<span class=\"_ _1\"></span>avi pe<span class=\"_ _1\"></span>r di<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to in cui s<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ge il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to p<span class=\"_ _1\"></span>er gl<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i a ric<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>e il pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, ch<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd4 gs1fc\">normalmente corrispon<span class=\"_ _1\"></span>de alla data dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>as<span class=\"_ _1\"></span>semblea annuale dei soci che delibera sulla distribuzione<span class=\"_ _0\"></span> dei dividendi.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls36 ws84 gs1fd\">Risultato<span class=\"_ _0\"></span> per azione<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws116 gs1fe\">L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (perdit<span class=\"_ _1\"></span>a) per azione base viene calcolato dividendo i<span class=\"_ _0\"></span>l risultato economico del Gruppo attribuibile agli<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsde gs1ff\">a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>ie d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>er il n<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e in<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gs200\">circolazione nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio,<span class=\"_ _0\"></span> escludendo le azioni proprie.<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws100 gs201\">L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (per<span class=\"_ _1\"></span>dita) per azione diluit<span class=\"_ _0\"></span>o si ottiene attraverso la rettifica della media ponderata delle azioni in circolazione,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs202\">pe<span class=\"_ _1\"></span>r tene<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>onto di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni o<span class=\"_ _1\"></span>rdin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie po<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>ali ave<span class=\"_ _1\"></span>nti ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dilu<span class=\"_ _1\"></span>itivo.<span class=\"_ _348\"> </span></div><div class=\"t m0 h5d ff1 fs14 fc3 sc0 ls3 ws3 gs203\">1.6  <span class=\"_ _2\"></span>Uso di stime<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsaf gs204\">La reda<span class=\"_ _1\"></span>zione del bilancio in<span class=\"_ _0\"></span> applica<span class=\"_ _1\"></span>zione degli IFRS<span class=\"_ _0\"></span> richiede l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> e di assunzioni che hanno<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsae gs205\">ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ori d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o e sull\u2019info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ativa re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tiva ad at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws48 gs206\">alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a del b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o. I ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati c<span class=\"_ _1\"></span>he si c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>tiver<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no po<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>bbe<span class=\"_ _1\"></span>ro di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rir<span class=\"_ _1\"></span>e da ta<span class=\"_ _1\"></span>li st<span class=\"_ _1\"></span>ime. L<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsad gs207\">pe<span class=\"_ _1\"></span>r ril<span class=\"_ _1\"></span>evare gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti pe<span class=\"_ _1\"></span>r r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi su c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti, g<span class=\"_ _1\"></span>li am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti, i b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici a<span class=\"_ _1\"></span>i dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, le i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws45 gs208\">acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e fon<span class=\"_ _1\"></span>di, no<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 le even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Le s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>e e le as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>ste<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs209\">pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te e gli ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di o<span class=\"_ _1\"></span>gni var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o rifl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si i<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsd8 gs20a\">Di seguito v<span class=\"_ _0\"></span>engono indicate le stime<span class=\"_ _0\"></span> pi\u00f9 significative<span class=\"_ _0\"></span> relative alla<span class=\"_ _0\"></span> reda<span class=\"_ _1\"></span>zione del bilancio perch\u00e9 compor<span class=\"_ _1\"></span>tano un<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs20b\">elevato r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so a g<span class=\"_ _1\"></span>iudi<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi, a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e sti<span class=\"_ _1\"></span>me:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs20c\">\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ls8 ws150\">perdita<span class=\"_ _6\"></span> di valo<span class=\"_ _0\"></span>re dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>avviamen<span class=\"_ _0\"></span>to<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws8e\">, che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to a ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 (<span class=\"ff12 ls38 ws13f\">i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test</span>) p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span></span></span><span class=\"ff12 fc4 ls8 ws150\"><span class=\"ff6 ls3 ws8e\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws97 gs20d\">eventu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>enze p<span class=\"_ _1\"></span>i\u00f9 b<span class=\"_ _1\"></span>revi qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd0 gs20e\">pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca r<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>de un<span class=\"_ _1\"></span>a sti<span class=\"_ _1\"></span>ma dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso d<span class=\"_ _1\"></span>ell\u2019unit<span class=\"_ _1\"></span>\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws125 gs20f\">fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>ui \u00e8 at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uito l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto a su<span class=\"_ _1\"></span>a volt<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a sul<span class=\"_ _1\"></span>la sti<span class=\"_ _1\"></span>ma de<span class=\"_ _1\"></span>i flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tesi d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e su<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws127 gs210\">lor<span class=\"_ _1\"></span>o at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>d un ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so di s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to. La re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>ei val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws118 gs211\">con<span class=\"_ _1\"></span>fro<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o con i<span class=\"_ _1\"></span>l mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>re tr<span class=\"_ _1\"></span>a il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws9f gs212\">del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e. Il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta \u00e8 l\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to ot<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>le da<span class=\"_ _1\"></span>lla ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di un\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>n una o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one f<span class=\"_ _1\"></span>ra p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsd4 gs213\">indi<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti i co<span class=\"_ _1\"></span>sti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdi v<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>nti o<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsea gs214\">rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si al<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivo opp<span class=\"_ _1\"></span>ure d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>lo a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le IFRS<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3c ws1b gs215\">13<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff12 ls8 ws91\">Fair V<span class=\"_ _6\"></span>alue M<span class=\"_ _0\"></span>easurement<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws9b\">. Il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso \u00e8 defi<span class=\"_ _1\"></span>nito su<span class=\"_ _1\"></span>lla ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ell\u2019attua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 ws91\"><span class=\"ff6 ls3 ws9b\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsa6 gs216\">del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to med<span class=\"_ _1\"></span>io po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofilo d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento o<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>eo, de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3d gs217\">flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l ben<span class=\"_ _1\"></span>e (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>eni \u2013 l<span class=\"_ _1\"></span>e c.d. <span class=\"ff12 ls8 ws120\">cash gen<span class=\"_ _0\"></span>erating<span class=\"_ _6\"></span> unit<span class=\"ff6 ls3 ws3d\">) e dal<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls8 ws120\"><span class=\"ff6 ls3 ws3d\"> </span></span></div>sua d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>ua vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile. O<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>ilevar<span class=\"_ _1\"></span>e che i p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>l <span class=\"ff12 ls9 wsab\">test<span class=\"_ _0\"></span> di impairmen<span class=\"_ _0\"></span>t<span class=\"ff6 ls3 ws3\"> </span></span>si ba<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>ro n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a su a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>unz<span class=\"_ _1\"></span>ioni r<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to futu<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>te da<span class=\"_ _348\"> </span>inc<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tez<span class=\"_ _1\"></span>ze. Co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte no<span class=\"_ _1\"></span>n si pu<span class=\"_ _1\"></span>\u00f2 es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to stim<span class=\"_ _1\"></span>ato.<span class=\"ws3\"> </span>T<span class=\"_ _6\"></span>ali a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sunz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ino<span class=\"_ _1\"></span>ltre s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>tte a<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o e lun<span class=\"_ _1\"></span>go te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a sa<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ria<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mia di C<span class=\"_ _1\"></span>ovid<span class=\"_ _1\"></span>-<span class=\"_ _6\"></span>19 e agli ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onfli<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to ru<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-uc<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ino, c<span class=\"_ _1\"></span>on ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto in p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>temp<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ica d<span class=\"_ _1\"></span>i rito<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>o ai li<span class=\"_ _1\"></span>velli di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span>a. C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te non si p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _348\"> </span>es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>reti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>anto s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ato. Il pia<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tato a c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>inua ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span>da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>gli A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo con<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>oni e d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>sull\u2019<span class=\"_ _6\"></span>andamento economico<span class=\"_ _1\"></span>-finanziario del Gruppo.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws11\">Per<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>ita<span class=\"ff6\">, c<span class=\"_ _1\"></span>he ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r eventu<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span></span></span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ni o inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>i di <span class=\"ff12 ls39 ws92\">impair<span class=\"_ _1\"></span>ment</span>; det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>chie<span class=\"_ _1\"></span>de u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>stim<span class=\"_ _1\"></span>a dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso de<span class=\"_ _1\"></span>ll\u2019unit<span class=\"_ _1\"></span>\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i cui s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uite t<span class=\"_ _1\"></span>ali a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a<span class=\"_ _348\"> </span>sua vol<span class=\"_ _1\"></span>ta b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ata s<span class=\"_ _1\"></span>ull<span class=\"_ _1\"></span>a stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e sull<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ro at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>di sconto adeguat<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws105\">At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"ff6\">, le qual<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evate a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a nuovo e de<span class=\"_ _1\"></span>lle al<span class=\"_ _1\"></span>tre<span class=\"_ _348\"> </span></span></span>dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nze tem<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ee, n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>ia p<span class=\"_ _1\"></span>rob<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ade<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ati ut<span class=\"_ _1\"></span>ili fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fro<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>dei q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te e le dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze te<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>e potr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e utili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. U<span class=\"_ _1\"></span>na si<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>tiva val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>discrezionale \u00e8 richiesta agli amministratori per det<span class=\"_ _0\"></span>erminare l\u2019<span class=\"_ _6\"></span>ammonta<span class=\"_ _1\"></span>re delle imposte<span class=\"_ _0\"></span> differ<span class=\"_ _1\"></span>ite attive<span class=\"_ _0\"></span> che<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. N<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>re la ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit\u00e0 d<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>attive \u00e8 stat<span class=\"_ _0\"></span>o preso in considera<span class=\"_ _1\"></span>zione il piano delle<span class=\"_ _0\"></span> Societ\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws14e\">Fond<span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi e<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri:<span class=\"ff6\"> la s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>ei fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi e<span class=\"_ _1\"></span>d on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ta fa<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ndo r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to alle<span class=\"_ _348\"> </span></span></span>migliori informazioni disponibili alla<span class=\"_ _0\"></span> data del presente bilancio compor<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> discrezionali<span class=\"_ _348\"> </span>bas<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>a su d<span class=\"_ _1\"></span>ati sto<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>i ch<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>ito fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>o di co<span class=\"_ _1\"></span>nten<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>si o event<span class=\"_ _1\"></span>i, la cu<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i profi<span class=\"_ _1\"></span>li di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio e l<span class=\"_ _1\"></span>e cui s<span class=\"_ _1\"></span>time i<span class=\"_ _1\"></span>n ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>ze<span class=\"_ _348\"> </span>e complessit\u00e0 che potrebbero determinare variazioni nelle stime.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da l\u2019utiliz<span class=\"_ _1\"></span>zo di s<span class=\"_ _1\"></span>time s<span class=\"_ _1\"></span>ui ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i si r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>co p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo n<span class=\"_ _1\"></span>elle N<span class=\"_ _1\"></span>ote es<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ive e<span class=\"_ _348\"> </span>inte<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i, men<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi si f<span class=\"_ _1\"></span>a rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>e mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>ri inf<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>disponibili alla data<span class=\"_ _0\"></span> del bilancio.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "Business combinat<span class=\"_ _0\"></span>ion<span class=\"_ _348\"> </span>Le aggre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zioni a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>ndali so<span class=\"_ _1\"></span>no conta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>zate utiliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ndo il metodo dell\u2019<span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isto (<span class=\"_ _7\"></span><span class=\"ff12 ls39 wsd2\">purchas<span class=\"_ _1\"></span>e method</span><span class=\"ls3 wsaa\">) p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span></span><span class=\"ls3 wsaa\"> </span>dal<span class=\"_ _1\"></span>l\u2019IFRS 3 ri<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>to nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8. Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o tal<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>todo il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito in u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 wsfe\">business combination</span><span class=\"ls39 ws4b\"> \u00e8<span class=\"_ _0\"></span> valutat<span class=\"_ _6\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls39 ws4b\"> </span>al <span class=\"_ _1\"></span><span class=\"ff12 ws12a\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\">, deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mma d<span class=\"_ _1\"></span>ei </span>f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite e d<span class=\"_ _1\"></span>elle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte dal G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ws12a\"><span class=\"ff6\"> </span></span>alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si in c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ollo d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. G<span class=\"_ _1\"></span>li one<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> acc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ori a<span class=\"_ _1\"></span>lla t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in cu<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti e cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>ti tr<span class=\"_ _1\"></span>a le sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _348\"> </span>I cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>i par<span class=\"_ _7\"></span>te de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, sono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one. Even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive di <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue</span>, sono r<span class=\"_ _1\"></span>ilevate n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> complessivo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Alla data di acquisizione<span class=\"_ _0\"></span> le attivit\u00e0 identificabili acquisite e<span class=\"_ _0\"></span> le passivit\u00e0 assunte sono rilev<span class=\"_ _0\"></span>ate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span>L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>avviamento \u00e8 determinato<span class=\"_ _0\"></span> come l\u2019<span class=\"_ _6\"></span>eccede<span class=\"_ _1\"></span>nza tra la somma dei corrispettivi trasferiti nell\u2019<span class=\"_ _6\"></span>aggrega<span class=\"_ _1\"></span>zione azien<span class=\"_ _1\"></span>dale,<span class=\"_ _348\"> </span> del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enze d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e del <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls41 ws172\"> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>ntu<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span></span><span class=\"ls41 ws172\"> </span>par<span class=\"_ _1\"></span>tecipazione prece<span class=\"_ _1\"></span>dentemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa acquisita rispet<span class=\"_ _1\"></span>to al <span class=\"ff12 ls3 ws135\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> delle attivit\u00e0 net<span class=\"_ _1\"></span>te acquisit<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span> e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>. Se il val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span> di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e la s<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti, de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> interesse<span class=\"_ _1\"></span>nze di minoranza e del <span class=\"ff12 ls3 ws16\">fai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue </span><span class=\"ls7 wsa8\">dell\u2019<span class=\"_ _6\"></span>eventuale par<span class=\"_ _1\"></span>tecipazione precede<span class=\"_ _1\"></span>ntemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _348\"> </span></span><span class=\"ls7 wsa8\"> </span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, ta<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za \u00e8 r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span> provent<span class=\"_ _0\"></span>o derivante<span class=\"_ _0\"></span> dalla transa<span class=\"_ _1\"></span>zione conclusa.<span class=\"_ _348\"> </span>Le qu<span class=\"_ _1\"></span>ote di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>elle i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>, al<span class=\"_ _1\"></span>la dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span> al <span class=\"ff12 ws126\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws58\"> oppure in proporzione alla quota di<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipazione di minoranza nelle attivit\u00e0 identificabili dell\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _348\"> </span></span><span class=\"ls7 ws58\"> </span>acquisita.<span class=\"_ _0\"></span> La scelta del me<span class=\"_ _0\"></span>todo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione \u00e8 effettuata<span class=\"_ _0\"></span> transazione per t<span class=\"_ _0\"></span>ransazione.<span class=\"_ _348\"> </span>Nel processo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione di <span class=\"ff12 ls3 ws180\">fair va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws15f\"> delle <span class=\"ff12 ls6 ws8e\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws180\"> il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no si av<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span></span></span></span><span class=\"ls7 ws15f\"><span class=\"ff12 ls6 ws8e\"><span class=\"ff6 ls3 ws180\"> </span></span></span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i e, pe<span class=\"_ _1\"></span>r le <span class=\"ff12 ls6 ws157\">business combination</span> pi\u00f9 sign<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve, anc<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Le ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>use a<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>0 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te rileva<span class=\"_ _1\"></span>te sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do le<span class=\"_ _348\"> </span> dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>nute ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 3.<span class=\"_ _348\"> </span>Business combinat<span class=\"_ _0\"></span>ion<span class=\"ff1 ls3 ws3\"> re<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te i<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>i\u00f9 f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span></span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 ws104\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws18\"> si<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n pi\u00f9 f<span class=\"_ _1\"></span>asi, l<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a dal<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls6 ws104\"><span class=\"ff6 ls3 ws18\"> </span></span>Gruppo nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>entit\u00e0 acq<span class=\"_ _0\"></span>uisita \u00e8<span class=\"_ _0\"></span> valutata<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 ws118\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo e l\u2019<span class=\"_ _0\"></span>eventu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>e o pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws118\"><span class=\"ff6\"> </span></span>che n<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>me se f<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se ven<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>a e ri<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Business combinat<span class=\"_ _0\"></span>ion<span class=\"_ _348\"> </span>Le aggre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zioni a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>ndali so<span class=\"_ _1\"></span>no conta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>zate utiliz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ndo il metodo dell\u2019<span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isto (<span class=\"_ _7\"></span><span class=\"ff12 ls39 wsd2\">purchas<span class=\"_ _1\"></span>e method</span><span class=\"ls3 wsaa\">) p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span></span><span class=\"ls3 wsaa\"> </span>dal<span class=\"_ _1\"></span>l\u2019IFRS 3 ri<span class=\"_ _1\"></span>vis<span class=\"_ _1\"></span>to nel 20<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>8. Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o tal<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>todo il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito in u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 wsfe\">business combination</span><span class=\"ls39 ws4b\"> \u00e8<span class=\"_ _0\"></span> valutat<span class=\"_ _6\"></span>o<span class=\"_ _348\"> </span></span><span class=\"ls39 ws4b\"> </span>al <span class=\"_ _1\"></span><span class=\"ff12 ws12a\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\">, deter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to com<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>mma d<span class=\"_ _1\"></span>ei </span>f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ite e d<span class=\"_ _1\"></span>elle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte dal G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ws12a\"><span class=\"ff6\"> </span></span>alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne e d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>si in c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio d<span class=\"_ _1\"></span>el co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ollo d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0 acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. G<span class=\"_ _1\"></span>li one<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> acc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ori a<span class=\"_ _1\"></span>lla t<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l pr<span class=\"_ _1\"></span>osp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto in cu<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti e cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>ti tr<span class=\"_ _1\"></span>a le sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e am<span class=\"_ _1\"></span>mini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve<span class=\"_ _348\"> </span><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsca gsa0\">I cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>i par<span class=\"_ _7\"></span>te de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, sono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws46 gsa1\">dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one. Even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive di <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue</span>, sono r<span class=\"_ _1\"></span>ilevate n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls37 wsa0 gsa2\">complessivo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gsa3\">Alla data di acquisizione<span class=\"_ _0\"></span> le attivit\u00e0 identificabili acquisite e<span class=\"_ _0\"></span> le passivit\u00e0 assunte sono rilev<span class=\"_ _0\"></span>ate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws17d gsa4\">L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>avviamento \u00e8 determinato<span class=\"_ _0\"></span> come l\u2019<span class=\"_ _6\"></span>eccede<span class=\"_ _1\"></span>nza tra la somma dei corrispettivi trasferiti nell\u2019<span class=\"_ _6\"></span>aggrega<span class=\"_ _1\"></span>zione azien<span class=\"_ _1\"></span>dale,<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1c4 gsa5\">del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enze d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e del <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls41 ws172\"> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>ntu<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span></span><span class=\"ls41 ws172\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 wsc6 gsa6\">par<span class=\"_ _1\"></span>tecipazione prece<span class=\"_ _1\"></span>dentemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa acquisita rispet<span class=\"_ _1\"></span>to al <span class=\"ff12 ls3 ws135\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> delle attivit\u00e0 net<span class=\"_ _1\"></span>te acquisit<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws86 gsa7\">e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>. Se il val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws12f gsa8\">di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e la s<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti, de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls49 ws139 gsa9\">interesse<span class=\"_ _1\"></span>nze di minoranza e del <span class=\"ff12 ls3 ws16\">fai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue </span><span class=\"ls7 wsa8\">dell\u2019<span class=\"_ _6\"></span>eventuale par<span class=\"_ _1\"></span>tecipazione precede<span class=\"_ _1\"></span>ntemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _348\"> </span></span><span class=\"ls7 wsa8\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1e4 gsaa\">acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, ta<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za \u00e8 r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws34 gsab\">provent<span class=\"_ _0\"></span>o derivante<span class=\"_ _0\"></span> dalla transa<span class=\"_ _1\"></span>zione conclusa.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws126 gsac\">Le qu<span class=\"_ _1\"></span>ote di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>elle i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>, al<span class=\"_ _1\"></span>la dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsad\">al <span class=\"ff12 ws126\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws58\"> oppure in proporzione alla quota di<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipazione di minoranza nelle attivit\u00e0 identificabili dell\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _348\"> </span></span><span class=\"ls7 ws58\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws92 gsae\">acquisita.<span class=\"_ _0\"></span> La scelta del me<span class=\"_ _0\"></span>todo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione \u00e8 effettuata<span class=\"_ _0\"></span> transazione per t<span class=\"_ _0\"></span>ransazione.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 ws114 gsaf\">Nel processo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione di <span class=\"ff12 ls3 ws180\">fair va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws15f\"> delle <span class=\"ff12 ls6 ws8e\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws180\"> il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no si av<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span></span></span></span><span class=\"ls7 ws15f\"><span class=\"ff12 ls6 ws8e\"><span class=\"ff6 ls3 ws180\"> </span></span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws2a gsb0\">info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i e, pe<span class=\"_ _1\"></span>r le <span class=\"ff12 ls6 ws157\">business combination</span> pi\u00f9 sign<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve, anc<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws21e gsb1\">Le ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>use a<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>0 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te rileva<span class=\"_ _1\"></span>te sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do le<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsb2\">dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>nute ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 3.<span class=\"_ _348\"> </span></div><div class=\"t m0 h11 ff4 fs8 fc0 sc0 ls37 wsa0 gsb3\">Business combinat<span class=\"_ _0\"></span>ion<span class=\"ff1 ls3 ws3\"> re<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te i<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>i\u00f9 f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws18 gsb4\">Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 ws104\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws18\"> si<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n pi\u00f9 f<span class=\"_ _1\"></span>asi, l<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a dal<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls6 ws104\"><span class=\"ff6 ls3 ws18\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls39 wsd3 gsb5\">Gruppo nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>entit\u00e0 acq<span class=\"_ _0\"></span>uisita \u00e8<span class=\"_ _0\"></span> valutata<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 ws118\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo e l\u2019<span class=\"_ _0\"></span>eventu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>e o pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws118\"><span class=\"ff6\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws13 gsb6\">che n<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gsb7\">dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>me se f<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se ven<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>a e ri<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo.<span class=\"_ _348\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "I cor<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>i par<span class=\"_ _7\"></span>te de<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, sono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> all<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one. Even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive di <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue</span>, sono r<span class=\"_ _1\"></span>ilevate n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>complessivo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Alla data di acquisizione<span class=\"_ _0\"></span> le attivit\u00e0 identificabili acquisite e<span class=\"_ _0\"></span> le passivit\u00e0 assunte sono rilev<span class=\"_ _0\"></span>ate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">.<span class=\"_ _348\"> </span></span></span>L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>avviamento \u00e8 determinato<span class=\"_ _0\"></span> come l\u2019<span class=\"_ _6\"></span>eccede<span class=\"_ _1\"></span>nza tra la somma dei corrispettivi trasferiti nell\u2019<span class=\"_ _6\"></span>aggrega<span class=\"_ _1\"></span>zione azien<span class=\"_ _1\"></span>dale,<span class=\"_ _348\"> </span>del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enze d<span class=\"_ _1\"></span>i mino<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a e del <span class=\"ff12\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls41 ws172\"> del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>ntu<span class=\"_ _1\"></span>ale<span class=\"_ _348\"> </span></span>par<span class=\"_ _1\"></span>tecipazione prece<span class=\"_ _1\"></span>dentemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa acquisita rispet<span class=\"_ _1\"></span>to al <span class=\"ff12 ls3 ws135\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> delle attivit\u00e0 net<span class=\"_ _1\"></span>te acquisit<span class=\"_ _0\"></span>e<span class=\"_ _348\"> </span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>. Se il val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>site e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>te alla d<span class=\"_ _1\"></span>ata<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e la s<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>a dei c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti, de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>l pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tin<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>interesse<span class=\"_ _1\"></span>nze di minoranza e del <span class=\"ff12 ls3 ws16\">fai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue </span><span class=\"ls7 wsa8\">dell\u2019<span class=\"_ _6\"></span>eventuale par<span class=\"_ _1\"></span>tecipazione precede<span class=\"_ _1\"></span>ntemente det<span class=\"_ _0\"></span>enuta nell\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _348\"> </span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, ta<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za \u00e8 r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo c<span class=\"_ _1\"></span>ome<span class=\"_ _348\"> </span>provent<span class=\"_ _0\"></span>o derivante<span class=\"_ _0\"></span> dalla transa<span class=\"_ _1\"></span>zione conclusa.<span class=\"_ _348\"> </span>Le qu<span class=\"_ _1\"></span>ote di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to d<span class=\"_ _1\"></span>elle i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>, al<span class=\"_ _1\"></span>la dat<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>tate<span class=\"_ _348\"> </span>al <span class=\"ff12 ws126\">f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws58\"> oppure in proporzione alla quota di<span class=\"_ _0\"></span> par<span class=\"_ _1\"></span>tecipazione di minoranza nelle attivit\u00e0 identificabili dell\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _348\"> </span></span>acquisita.<span class=\"_ _0\"></span> La scelta del me<span class=\"_ _0\"></span>todo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione \u00e8 effettuata<span class=\"_ _0\"></span> transazione per t<span class=\"_ _0\"></span>ransazione.<span class=\"_ _348\"> </span>Nel processo d<span class=\"_ _0\"></span>i val<span class=\"_ _0\"></span>utazione di <span class=\"ff12 ls3 ws180\">fair va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span><span class=\"ls7 ws15f\"> delle <span class=\"ff12 ls6 ws8e\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws180\"> il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no si av<span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span></span></span></span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i e, pe<span class=\"_ _1\"></span>r le <span class=\"ff12 ls6 ws157\">business combination</span> pi\u00f9 sign<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve, anc<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Le ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>use a<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>\u00b0 gen<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>io 201<span class=\"_ _6\"></span>0 s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te rileva<span class=\"_ _1\"></span>te sec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do le<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>nute ne<span class=\"_ _1\"></span>lla p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte ver<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ell\u2019IFR<span class=\"_ _1\"></span>S 3.<span class=\"_ _348\"> </span>Business combinat<span class=\"_ _0\"></span>ion<span class=\"ff1 ls3 ws3\"> re<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>te i<span class=\"_ _1\"></span>n p<span class=\"_ _1\"></span>i\u00f9 f<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>si<span class=\"_ _348\"> </span></span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra u<span class=\"_ _1\"></span>na <span class=\"ff12 ls6 ws104\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws18\"> si<span class=\"_ _1\"></span>a rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n pi\u00f9 f<span class=\"_ _1\"></span>asi, l<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a dal<span class=\"_ _348\"> </span></span></span>Gruppo nell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>entit\u00e0 acq<span class=\"_ _0\"></span>uisita \u00e8<span class=\"_ _0\"></span> valutata<span class=\"_ _0\"></span> al <span class=\"ff12 ls3 ws118\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo e l\u2019<span class=\"_ _0\"></span>eventu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e util<span class=\"_ _1\"></span>e o pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span></span></span>che n<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata n<span class=\"_ _1\"></span>el pr<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sivo. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>cipa<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>dete<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne q<span class=\"_ _1\"></span>uind<span class=\"_ _1\"></span>i tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>me se f<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>se ven<span class=\"_ _1\"></span>dut<span class=\"_ _1\"></span>a e ri<span class=\"_ _1\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>i ot<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo.<span class=\"_ _348\"> </span>Opzioni<span class=\"ff4 ls38 ws11\"> put<span class=\"_ _348\"> </span></span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte ai de<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ivati no<span class=\"_ _1\"></span>n di c<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ia lo I<span class=\"_ _1\"></span>ASB c<span class=\"_ _1\"></span>he il C<span class=\"_ _1\"></span>odi<span class=\"_ _1\"></span>ce Ci<span class=\"_ _1\"></span>vile p<span class=\"_ _1\"></span>reve<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o che l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive<span class=\"_ _348\"> </span>a que<span class=\"_ _1\"></span>lla in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le devo<span class=\"_ _1\"></span>no es<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ere f<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>te al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni devon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re im<span class=\"_ _1\"></span>pu<span class=\"_ _1\"></span>tate a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>La concessione di opz<span class=\"_ _0\"></span>ioni <span class=\"ff12 ls3 ws3\">put <span class=\"_ _1\"></span><span class=\"ff6 ws2f\">a<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>ci di m<span class=\"_ _1\"></span>ino<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>za c<span class=\"_ _1\"></span>onfe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to a qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ti ul<span class=\"_ _1\"></span>timi di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re le a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute a una d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a fut<span class=\"_ _1\"></span>ura<span class=\"_ _1\"></span>. Lo I<span class=\"_ _1\"></span>AS 32, par<span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>rafo 23, s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e che u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>che c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>bbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sir<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a o a fr<span class=\"_ _1\"></span>onte di a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span>dia lu<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>o a una p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e del p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>ell\u2019opzione. Pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>anto, qua<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 no<span class=\"_ _1\"></span>n abb<span class=\"_ _1\"></span>ia il d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to inc<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>nato a evi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re la c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gna di c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a o di al<span class=\"_ _1\"></span>tri s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>event<span class=\"_ _0\"></span>uale esercizio di una opz<span class=\"_ _0\"></span>ione <span class=\"ff12 ls42 ws2b\">put</span><span class=\"ls3 ws11a\"> su a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni d\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llate, s<span class=\"_ _1\"></span>i deve pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>ll\u2019iscr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span></span>deb<span class=\"_ _1\"></span>ito. L<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 ini<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte al val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>ll\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>rimborso stimato sulla base delle<span class=\"_ _0\"></span> migliori informazioni disponibili e la<span class=\"_ _0\"></span> variazione del <span class=\"ff12 ls3 wsc1\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e<span class=\"ff6\"> fr<span class=\"_ _1\"></span>a un e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rciz<span class=\"_ _1\"></span>io e<span class=\"_ _348\"> </span></span></span>l\u2019<span class=\"_ _6\"></span>altro<span class=\"_ _0\"></span> viene co<span class=\"_ _0\"></span>ntabili<span class=\"_ _0\"></span>zzata a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra il c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a che v<span class=\"_ _1\"></span>i sia c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>, il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ia \u00e8 tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ito al<span class=\"_ _348\"> </span>patrimonio netto.<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>ransazioni relative a<span class=\"_ _6\"></span> quote di minoranza<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a quo<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i una c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome <span class=\"ff12 ls49 ws15a\">e<span class=\"_ _1\"></span>quit<span class=\"_ _1\"></span>y tra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>ction</span>. P<span class=\"_ _0\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>nto, pe<span class=\"_ _1\"></span>r acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ti su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo l\u2019<span class=\"_ _0\"></span>event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>va o neg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va tra il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e la co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata<span class=\"_ _348\"> </span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te nel p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po, pe<span class=\"_ _1\"></span>r ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate se<span class=\"_ _1\"></span>nza p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le pl<span class=\"_ _1\"></span>usval<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ta di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i le ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inin<span class=\"_ _1\"></span>o la p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>o, la pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>\u00e8 adeguata al relativ<span class=\"_ _0\"></span>o <span class=\"ff12 ls3 ws38\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> e la rivalutazione concorre alla formazione della plusvalenza (<span class=\"_ _0\"></span>minusvalenza)<span class=\"_ _348\"> </span>derivante dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione.<span class=\"_ _348\"> </span>Immobilizzazioni materiali<span class=\"_ _348\"> </span>Immobili,<span class=\"_ _0\"></span> impianti e m<span class=\"_ _0\"></span>acchinari<span class=\"_ _348\"> </span>Gli im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>bili, im<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>anti e m<span class=\"_ _1\"></span>ac<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to o di pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>sivo d<span class=\"_ _1\"></span>egl<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>one<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>i dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta im<span class=\"_ _1\"></span>put<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, e re<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>cati d<span class=\"_ _1\"></span>ai r<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vi am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re cu<span class=\"_ _1\"></span>mula<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>Le im<span class=\"_ _1\"></span>mob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in o<span class=\"_ _1\"></span>gni e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio a q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti, sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span>di ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-tecn<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>e dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne all<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>ue p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 di uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>i ce<span class=\"_ _1\"></span>spi<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di m<span class=\"_ _1\"></span>anu<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e aventi n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ati a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del l<span class=\"_ _1\"></span>oro<span class=\"_ _348\"> </span>sostenimento.<span class=\"_ _348\"> </span>I costi di sostitu<span class=\"_ _0\"></span>zione di componenti identificabili di<span class=\"_ _0\"></span> beni comples<span class=\"_ _1\"></span>si sono imputati all<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tivo patrimoniale e<span class=\"_ _0\"></span> amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go l<span class=\"_ _1\"></span>a lor<span class=\"_ _1\"></span>o vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e; il valo<span class=\"_ _1\"></span>re di is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>one re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>duo d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to di s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tituz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e \u00e8<span class=\"_ _348\"> </span>imputato<span class=\"_ _0\"></span> a conto<span class=\"_ _0\"></span> economico.<span class=\"_ _348\"> </span>Le mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>u be<span class=\"_ _1\"></span>ni di te<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>no cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te neg<span class=\"_ _1\"></span>li imm<span class=\"_ _1\"></span>obi<span class=\"_ _1\"></span>li, imp<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>nti e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hina<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>osto<span class=\"_ _348\"> </span>sos<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to; il per<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>nde a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra la v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019immob<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>materiale e la durata residua del<span class=\"_ _0\"></span> contrat<span class=\"_ _1\"></span>to di<span class=\"_ _0\"></span> loca<span class=\"_ _1\"></span>zione.<span class=\"_ _348\"> </span>Le al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cate s<span class=\"_ _1\"></span>ono q<span class=\"_ _1\"></span>uel<span class=\"_ _1\"></span>le di s<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ito ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mob<span class=\"_ _1\"></span>ili e ma<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>hine d\u2019uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio <span class=\"_ _1ff\"> </span>1<span class=\"_ _6\"></span>2%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Mobili e attrezzature fieristiche <span class=\"_ _200\"> </span>27<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ele<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>d a nol<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>gio <span class=\"_ _54\"> </span>4<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Beni in metallo destinati<span class=\"_ _0\"></span> al noleggio <span class=\"_ _1e0\"> </span>1<span class=\"_ _6\"></span>3,5<span class=\"_ _6\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine, apparecchiature ed attrezz<span class=\"_ _1\"></span>ature varie <span class=\"_ _201\"> </span>1<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls43 ws220\">Au<span class=\"_ _1\"></span>tovet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>e 25<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Macchine elettroniche <span class=\"_ _202\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti e macchinari <span class=\"_ _4b\"> </span>1<span class=\"_ _6\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Impianti telef<span class=\"_ _0\"></span>onici  <span class=\"_ _203\"> </span>20<span class=\"_ _0\"></span>%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Impi<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti d\u2019<span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>e <span class=\"_ _125\"> </span>3<span class=\"_ _1\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls73 ws221\">A<span class=\"_ _3\"></span>r<span class=\"_ _7\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _7\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _7\"></span> 1<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>%<span class=\"_ _7\"></span>-1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>%<span class=\"_ _348\"> </span></span>Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span>Se vi s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne le im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni ma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a una ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>(<span class=\"ff12 ls38 ws11\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent te<span class=\"_ _1\"></span>st</span><span class=\"ls39 ws92\">) attrav<span class=\"_ _0\"></span>erso il procedi<span class=\"_ _0\"></span>mento<span class=\"_ _0\"></span> illustrat<span class=\"_ _6\"></span>o nel paragrafo<span class=\"_ _0\"></span> \u201cPerd<span class=\"_ _0\"></span>ita di v<span class=\"_ _6\"></span>alore delle a<span class=\"_ _0\"></span>ttivit\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>Immobilizzazioni immateriali<span class=\"_ _348\"> </span>Un\u2019<span class=\"_ _6\"></span>attivit\u00e0 immateriale viene rilev<span class=\"_ _0\"></span>ata contabilmente solo se \u00e8<span class=\"_ _0\"></span> identificabile e controllabile,<span class=\"_ _0\"></span> \u00e8 prevedibile<span class=\"_ _0\"></span> che generi<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci f<span class=\"_ _1\"></span>utur<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>d il su<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile.<span class=\"_ _348\"> </span>Avviamenti e attivit\u00e0 immateriali a<span class=\"_ _6\"></span> vit<span class=\"_ _1\"></span>a non<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante da o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i <span class=\"ff12 ls6 ws197\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 wscd\"> \u00e8 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span></span></span>acquisizione, come indicat<span class=\"_ _0\"></span>o al precedente paragrafo \u201c<span class=\"ff12 ls6 ws2e\">business combinat<span class=\"_ _0\"></span>ion<span class=\"ff6 ls3 ws12d\">\u201d e allo<span class=\"_ _1\"></span>cato, ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>ll\u2019</span><span class=\"ls39 ws92\">impairment<span class=\"ff6 ls3 ws3\"> </span></span></span>test,<span class=\"ff6 ls3 ws222\"> a<span class=\"_ _1\"></span>lle </span><span class=\"ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws222\"> (o gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>pi di <span class=\"ff12 ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"ff6 ls7 ws223\">)<span class=\"_ _0\"></span> che beneficiano delle sinergie consentite<span class=\"_ _348\"> </span></span></span></span></span>dall\u2019<span class=\"_ _6\"></span>acquisizione che lo hanno<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato<span class=\"_ _0\"></span>. Dopo l\u2019<span class=\"_ _6\"></span>isc<span class=\"_ _1\"></span>rizione iniziale<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _6\"></span>avviamento viene valutato<span class=\"_ _0\"></span> al costo diminuit<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>le event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>a ana<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di <span class=\"ff12 ls38 ws13b\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t</span> (vedi pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo \u201cPe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d<span class=\"_ _1\"></span>). Un\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>ndo n<span class=\"_ _1\"></span>on \u00e8 p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e un lim<span class=\"_ _1\"></span>ite<span class=\"_ _348\"> </span>all\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le si r<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e che l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. Le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, non so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ta so<span class=\"_ _1\"></span>no val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to o di pro<span class=\"_ _1\"></span>duz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span>one<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri, e<span class=\"_ _1\"></span>d am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lla lo<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>futu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>. Se v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ind<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate a un<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 (<span class=\"ff12 ls39 ws92\">im<span class=\"_ _1\"></span>pairment<span class=\"_ _348\"> </span></span>test<span class=\"ff6 ls3 ws3\">) c<span class=\"_ _1\"></span>he \u00e8 ill<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta ne<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>raf<span class=\"_ _1\"></span>o \u201cPer<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>A par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span>ul<span class=\"_ _1\"></span>timo t<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 i m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he (<span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>me li<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i, lis<span class=\"_ _1\"></span>ta v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>e lo st<span class=\"_ _0\"></span>ess<span class=\"_ _1\"></span>o marchio della manifestazione) sono stati<span class=\"_ _0\"></span> riclas<span class=\"_ _1\"></span>sificati unitamente alle t<span class=\"_ _0\"></span>estate editoriali dalla cat<span class=\"_ _0\"></span>egoria<span class=\"_ _348\"> </span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a vit<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n defin<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla c<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ria a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali a v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>a sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le si b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ava<span class=\"_ _348\"> </span>sulla considera<span class=\"_ _1\"></span>zione che i<span class=\"_ _0\"></span> busines<span class=\"_ _1\"></span>s<span class=\"ff12 ls3 ws3\"> <span class=\"_ _6\"></span><span class=\"ff6 ls39 wse9\">sott<span class=\"_ _0\"></span>ostanti a<span class=\"_ _0\"></span> tali <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsd3\">, vale a di<span class=\"_ _1\"></span>re le m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e le p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span></span></span></span>spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate, s<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>avano c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e non p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ili di u<span class=\"_ _1\"></span>na valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>In so<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le, no<span class=\"_ _1\"></span>n er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tori n<span class=\"_ _1\"></span>\u00e9 di c<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere e<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, nor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivo o<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gal<span class=\"_ _1\"></span>e, n\u00e9 di c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>e spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 o de<span class=\"_ _1\"></span>l set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di que<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bili, t<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>re un li<span class=\"_ _1\"></span>mite p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e al p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i net<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>In effetti, l\u2019<span class=\"_ _6\"></span>evol<span class=\"_ _0\"></span>uzione dei mercati nazionali ed internazionali in genere, unitamente al<span class=\"_ _0\"></span>le dinamiche competitive<span class=\"_ _0\"></span> interne dei settori di riferimento<span class=\"_ _0\"></span> delle manifestazioni fieris<span class=\"_ _1\"></span>tiche e delle<span class=\"_ _0\"></span> pubblica<span class=\"_ _1\"></span>zioni specializzate, hanno suggerito<span class=\"_ _348\"> </span>di sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>re a ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca i p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti. L<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nclu<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>ui si \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>venu<span class=\"_ _1\"></span>ti, an<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>una c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>n le p<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>ri it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>i e str<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i, \u00e8 di st<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>re un<span class=\"_ _1\"></span>a vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i a 20 anni n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>i, sia p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>he pe<span class=\"_ _1\"></span>r le te<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate ed<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>te ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o mos<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r al<span class=\"_ _1\"></span>cuni i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ibili u<span class=\"_ _1\"></span>n livel<span class=\"_ _1\"></span>lo di in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zzo<span class=\"_ _1\"></span>nte tem<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto, la vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta pa<span class=\"_ _1\"></span>ri a 10 anni.<span class=\"_ _348\"> </span>Per<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to, le aliq<span class=\"_ _1\"></span>uote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he <span class=\"_ _204\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Al<span class=\"_ _1\"></span>tri m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi e T<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate e<span class=\"_ _1\"></span>ditor<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li <span class=\"_ _205\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span>I dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti di b<span class=\"_ _1\"></span>revet<span class=\"_ _1\"></span>to in<span class=\"_ _1\"></span>dus<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ale e i d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019inge<span class=\"_ _1\"></span>gno, le li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nze e le c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do d<span class=\"_ _1\"></span>a tre a di<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>i a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o di so<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o add<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i. In os<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>za d<span class=\"_ _1\"></span>ello I<span class=\"_ _1\"></span>AS 38 i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti di<span class=\"_ _348\"> </span>svilu<span class=\"_ _1\"></span>ppo r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti, i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>uso i<span class=\"_ _1\"></span>l lan<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i nuove ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l lor<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>cio f<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>ro \u00e8 ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>to e il l<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile e<span class=\"_ _1\"></span>d<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i i be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i si m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to. Il valor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>inato a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio, o co<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za p<span class=\"_ _1\"></span>i\u00f9 rav<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a se pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>uit<span class=\"_ _1\"></span>\u00e0 ai fin<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di<span class=\"_ _348\"> </span>val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Perdita di v<span class=\"_ _0\"></span>alore delle attivit\u00e0<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto e le a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i a vit<span class=\"_ _1\"></span>a non d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i a una s<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di<span class=\"_ _348\"> </span>recuperabilit\u00e0<span class=\"_ _0\"></span> (<span class=\"ff12 ls38 ws1c\">imp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test)</span><span class=\"ls3 ws12\"> ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tuat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ch<span class=\"_ _1\"></span>ius<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio, o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze pi\u00f9 b<span class=\"_ _1\"></span>revi, qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra<span class=\"_ _348\"> </span></span>eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o indi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>tori d<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>mma<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iali a v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto, son<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a <span class=\"ff12 ls39 ws92\">impairment<span class=\"_ _348\"> </span></span>tes<span class=\"_ _1\"></span>t <span class=\"ff6\">sol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>a em<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di val<span class=\"_ _1\"></span>ore.<span class=\"_ _348\"> </span></span>La r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>i is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nfr<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do il val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n il ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span>tra il p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a e il valo<span class=\"_ _1\"></span>re d\u2019uso d<span class=\"_ _1\"></span>el be<span class=\"_ _1\"></span>ne. I<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a \u00e8 l\u2019impor<span class=\"_ _7\"></span>to ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e dall<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>di un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 in u<span class=\"_ _1\"></span>na op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne f<span class=\"_ _1\"></span>ra pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>pen<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i cos<span class=\"_ _1\"></span>ti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in<span class=\"_ _348\"> </span>as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ac<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>di vi<span class=\"_ _1\"></span>nco<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>nti oc<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo, ovve<span class=\"_ _1\"></span>ro a<span class=\"_ _1\"></span>lle mi<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i tenu<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>to, tra l\u2019<span class=\"_ _0\"></span>alt<span class=\"_ _1\"></span>ro, del<span class=\"_ _1\"></span>le re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nti tr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 s<span class=\"_ _1\"></span>imili e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co. Il val<span class=\"_ _1\"></span>ore d\u2019uso \u00e8 d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ito sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>me<span class=\"_ _1\"></span>dio p<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofil<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to omo<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>neo, d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di<span class=\"_ _348\"> </span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>i \u2013 le c.d. <span class=\"ff12 ls8 ws3a\">cash genera<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> unit<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws4f\">) e da<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>ua<span class=\"_ _348\"> </span></span></span>dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne a<span class=\"_ _1\"></span>l ter<span class=\"_ _1\"></span>mine d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a sua v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o su<span class=\"_ _1\"></span>cce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte, una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a su at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, vien<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>no o si r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>ce, il va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ell\u2019atti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato s<span class=\"_ _1\"></span>ino a<span class=\"_ _1\"></span>lla nu<span class=\"_ _1\"></span>ova stim<span class=\"_ _1\"></span>a del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile e no<span class=\"_ _1\"></span>n pu<span class=\"_ _1\"></span>\u00f2 ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il val<span class=\"_ _1\"></span>ore<span class=\"_ _348\"> </span>che s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato se no<span class=\"_ _1\"></span>n fos<span class=\"_ _1\"></span>se s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ta ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a alc<span class=\"_ _1\"></span>una p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re. Il r<span class=\"_ _1\"></span>ipr<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ino di u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di val<span class=\"_ _1\"></span>ore<span class=\"_ _1\"></span>, diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>avv<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, \u00e8 iscr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to a c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico.<span class=\"_ _348\"> </span>Beni in<span class=\"_ _0\"></span> leasing<span class=\"_ _348\"> </span>Un co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to \u00e8 un le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing<span class=\"_ _1\"></span>, o con<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>ne un l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, se tr<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>a titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>el di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di un<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>specifico <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _0\"></span><span class=\"ff6 ls3 ws105\">, pe<span class=\"_ _1\"></span>r un pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>o di temp<span class=\"_ _1\"></span>o, sta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>ito all\u2019origi<span class=\"_ _1\"></span>ne, in c<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>io di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo pat<span class=\"_ _1\"></span>tui<span class=\"_ _1\"></span>to, define<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>one<span class=\"_ _348\"> </span></span></span>le co<span class=\"_ _1\"></span>ndiz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i d\u2019uso del<span class=\"_ _1\"></span>lo ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o e an<span class=\"_ _1\"></span>che s<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ato, il ma<span class=\"_ _1\"></span>nteni<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la su<span class=\"_ _1\"></span>a ef<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a nel te<span class=\"_ _1\"></span>mpo.<span class=\"_ _348\"> </span>Con l\u2019adozion<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span>l\u2019IFRS 16 la figur<span class=\"_ _1\"></span>a del L<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o sub<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di ri<span class=\"_ _1\"></span>lievo; non \u00e8 pi<span class=\"_ _1\"></span>\u00f9 tenu<span class=\"_ _1\"></span>to a dis<span class=\"_ _1\"></span>ting<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>tra l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivo e le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, in qua<span class=\"_ _1\"></span>nto la di<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne tr<span class=\"_ _1\"></span>a le du<span class=\"_ _1\"></span>e tipo<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>ie \u00e8 su<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>lla di<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne<span class=\"_ _348\"> </span>tra c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g e co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi. Qu<span class=\"_ _1\"></span>indi s<span class=\"_ _1\"></span>e si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, a p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>i app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>he<span class=\"_ _1\"></span>r\u00e0 un <span class=\"_ _7\"></span>uni<span class=\"_ _1\"></span>co<span class=\"_ _348\"> </span>modello contabile indipendente dalle<span class=\"_ _0\"></span> carat<span class=\"_ _1\"></span>teristiche del contratto stesso.<span class=\"_ _348\"> </span>I <span class=\"ff12 ws16\">R<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>ht Of U<span class=\"_ _1\"></span>se</span><span class=\"ls7 wsa8\"> pi\u00f9 significativi che si determinano nel Gruppo Fiera Milano<span class=\"_ _0\"></span> in conseguenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>applicazione de<span class=\"_ _348\"> </span></span>pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipio I<span class=\"_ _1\"></span>FRS 1<span class=\"_ _0\"></span>6 no<span class=\"_ _1\"></span>n gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a ind<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e d<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue la ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica d<span class=\"_ _1\"></span>el l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuata esclusivamente nell\u2019<span class=\"_ _6\"></span>ambito delle<span class=\"_ _0\"></span> CGU di appartenenza<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Controllo e<span class=\"_ _0\"></span> identi<span class=\"_ _1\"></span>ficabilit\u00e0 del bene<span class=\"_ _348\"> </span>Per st<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilir<span class=\"_ _1\"></span>e che il b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to sia in l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g o si tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zio si tie<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>onto di d<span class=\"_ _1\"></span>ue el<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>sos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ali: il c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o e l\u2019identi<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit<span class=\"_ _1\"></span>\u00e0 del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ne i<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>con<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo <span class=\"_ _3\"></span>que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>to rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da la d<span class=\"_ _1\"></span>irez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>l lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io s<span class=\"_ _1\"></span>ull\u2019uso e l\u2019<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>teni<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to di<span class=\"_ _348\"> </span>benefici economici derivanti dall\u2019<span class=\"_ _6\"></span>utilizzo del bene, identificato<span class=\"_ _0\"></span>, oggetto del contratto.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da invec<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _12\"> </span>es<span class=\"_ _1\"></span>sa su<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>te ogn<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>lvolt<span class=\"_ _1\"></span>a un <span class=\"_ _12\"> </span>ass<span class=\"_ _1\"></span>et <span class=\"_ _12\"> </span>pu\u00f2 e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to in<span class=\"_ _348\"> </span>man<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ra un<span class=\"_ _1\"></span>ivoc<span class=\"_ _1\"></span>a, a p<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to che n<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>ia pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ente u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di so<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuzi<span class=\"_ _1\"></span>one a f<span class=\"_ _1\"></span>avore de<span class=\"_ _1\"></span>l loc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, al qua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>bb<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>to con<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>are a<span class=\"_ _1\"></span>d avere il c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l be<span class=\"_ _1\"></span>ne.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>atar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ad<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>ta un u<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>o mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>llo di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto e mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r tut<span class=\"_ _1\"></span>ti i l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di<span class=\"_ _348\"> </span>breve ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne e<span class=\"_ _1\"></span>d i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng di b<span class=\"_ _1\"></span>eni d<span class=\"_ _1\"></span>i mod<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o valo<span class=\"_ _1\"></span>re. Il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e le pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to d\u2019uso che r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to ad u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e il be<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>i) At<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er d<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019us<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nos<span class=\"_ _1\"></span>ce l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di in<span class=\"_ _1\"></span>izio d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing (ci<span class=\"_ _1\"></span>o\u00e8 la d<span class=\"_ _1\"></span>ata i<span class=\"_ _1\"></span>n cui l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>\u00e8 disp<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r l\u2019uso). Le att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 pe<span class=\"_ _1\"></span>r il di<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tto d\u2019uso s<span class=\"_ _1\"></span>ono m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te al co<span class=\"_ _1\"></span>sto, al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>acc<span class=\"_ _1\"></span>umu<span class=\"_ _1\"></span>lati e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re, e re<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>er q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>sia<span class=\"_ _1\"></span>si r<span class=\"_ _1\"></span>imi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 di le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng. Il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g ri<span class=\"_ _1\"></span>levate, i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>iret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i inizi<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>e i pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019inizio a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiv<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>ti. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate in q<span class=\"_ _1\"></span>uote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di d<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo o, se a<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>re, al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g, com<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>se<span class=\"_ _1\"></span>g<span class=\"_ _1\"></span>u<span class=\"_ _1\"></span>e:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Imm<span class=\"_ _1\"></span>obil<span class=\"_ _1\"></span>i str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ali <span class=\"_ _57\"> </span>da 1 a 1<span class=\"_ _0\"></span>2 ann<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Parc<span class=\"_ _1\"></span>o auto <span class=\"_ _206\"> </span>da 1 a 4 an<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span>Se il le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e la pr<span class=\"_ _1\"></span>opr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte al l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o al ter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o s<span class=\"_ _1\"></span>e il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sis<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>zo r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te il fat<span class=\"_ _1\"></span>to ch<span class=\"_ _1\"></span>e il lo<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>\u00e0 l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e di ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto, il<span class=\"_ _348\"> </span>loc<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io deve a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tente ne<span class=\"_ _1\"></span>l dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso da<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a fino a<span class=\"_ _1\"></span>lla fi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla vi<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>utile dell\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>ante.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r il dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to d\u2019uso so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a <span class=\"ff12 ls9 ws61\">Impairment<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws19\">. S<span class=\"_ _1\"></span>i rinv<span class=\"_ _1\"></span>ia a qu<span class=\"_ _1\"></span>anto in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ato al p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo 1<span class=\"_ _0\"></span>.6 \u201cUs<span class=\"_ _1\"></span>o di<span class=\"_ _348\"> </span></span></span>s<span class=\"_ _7\"></span>t<span class=\"_ _7\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _7\"></span>e<span class=\"_ _7\"></span>\u201d.<span class=\"_ _348\"> </span>ii) Passiv<span class=\"_ _0\"></span>it\u00e0 leg<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span> al leasin<span class=\"_ _6\"></span>g<span class=\"_ _348\"> </span>All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di de<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>za de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing, i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>eva le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>ole a<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ovuti p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng no<span class=\"_ _1\"></span>n an<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ra ver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ati a t<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>. I pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti dovu<span class=\"_ _1\"></span>ti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>enti fi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>(comp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>si i pa<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fis<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a) al ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di event<span class=\"_ _1\"></span>uali i<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng da r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evere, i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti<span class=\"_ _348\"> </span>vari<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ili di le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g che di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no da u<span class=\"_ _1\"></span>n ind<span class=\"_ _1\"></span>ice o u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o, e gli im<span class=\"_ _1\"></span>por<span class=\"_ _7\"></span>ti ch<span class=\"_ _1\"></span>e si p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>e dovr<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>ti a<span class=\"_ _348\"> </span>titol<span class=\"_ _1\"></span>o di ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>o. I paga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>no an<span class=\"_ _1\"></span>che i<span class=\"_ _1\"></span>l pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izi<span class=\"_ _1\"></span>o di un\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pzion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ac<span class=\"_ _1\"></span>quis<span class=\"_ _1\"></span>to se s<span class=\"_ _1\"></span>i \u00e8 rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i che t<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ne s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>al G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo e i p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti di p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>di risoluzione del leasing,<span class=\"_ _0\"></span> se la durata del leasing tiene cont<span class=\"_ _0\"></span>o dell\u2019<span class=\"_ _6\"></span>esercizio da parte del Gruppo dell\u2019<span class=\"_ _6\"></span>opzione di<span class=\"_ _348\"> </span>risoluzione del leasing stesso.<span class=\"_ _348\"> </span>I pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>bili c<span class=\"_ _1\"></span>he no<span class=\"_ _1\"></span>n dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>don<span class=\"_ _1\"></span>o da un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e o da u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>me co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span>nel p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do (sa<span class=\"_ _1\"></span>lvo ch<span class=\"_ _1\"></span>e non s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o st<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la pr<span class=\"_ _1\"></span>odu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze) in cui s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>eve<span class=\"_ _1\"></span>nto o la<span class=\"_ _348\"> </span>condizione che ha<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato i<span class=\"_ _0\"></span>l pagamento.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti dov<span class=\"_ _1\"></span>uti, il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o us<span class=\"_ _1\"></span>a il ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>gina<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>di iniz<span class=\"_ _1\"></span>io se i<span class=\"_ _1\"></span>l tas<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o d\u2019intere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>lici<span class=\"_ _1\"></span>to non \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nab<span class=\"_ _1\"></span>ile f<span class=\"_ _1\"></span>acil<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te. Dop<span class=\"_ _1\"></span>o la d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, l\u2019imp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>la pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing s<span class=\"_ _1\"></span>i inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta p<span class=\"_ _1\"></span>er ten<span class=\"_ _1\"></span>er c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i sull<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng e dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>rar<span class=\"_ _1\"></span>e i pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uati. I<span class=\"_ _1\"></span>nol<span class=\"_ _1\"></span>tre, il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>ei d<span class=\"_ _1\"></span>ebi<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing \u00e8 r<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato ne<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>di eventu<span class=\"_ _1\"></span>ali m<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing o p<span class=\"_ _1\"></span>er la r<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i ter<span class=\"_ _1\"></span>mini c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r la mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>i pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti; \u00e8<span class=\"_ _348\"> </span>rideterminato<span class=\"_ _0\"></span>, altres\u00ec, in presenza di modifiche in<span class=\"_ _0\"></span> merito alla v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>zione dell\u2019<span class=\"_ _6\"></span>opzione dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>acquisto dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _348\"> </span>sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte o pe<span class=\"_ _1\"></span>r var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>ei pa<span class=\"_ _1\"></span>gam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i che d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da u<span class=\"_ _1\"></span>na mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>ca de<span class=\"_ _1\"></span>ll\u2019indi<span class=\"_ _1\"></span>ce o de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span>determinare tali pagamenti.<span class=\"_ _348\"> </span>ii<span class=\"_ _1\"></span>i) Le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i br<span class=\"_ _1\"></span>eve dur<span class=\"_ _1\"></span>ata e l<span class=\"_ _1\"></span>eas<span class=\"_ _1\"></span>ing d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ap<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>ca l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r la r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di br<span class=\"_ _1\"></span>eve dura<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a<span class=\"_ _1\"></span>i mac<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri e<span class=\"_ _1\"></span>d at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ture (<span class=\"_ _1\"></span>i.e.,<span class=\"_ _348\"> </span>i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng ch<span class=\"_ _1\"></span>e han<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a dur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di 1<span class=\"_ _0\"></span>2 me<span class=\"_ _1\"></span>si o inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>izio e n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>opzio<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>isto).<span class=\"_ _348\"> </span>Il Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o ha a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>to ino<span class=\"_ _1\"></span>ltre l\u2019esenz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i lea<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ng re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a m<span class=\"_ _1\"></span>ode<span class=\"_ _1\"></span>sto va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e in ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto ai c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>d app<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r uf<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>cio il c<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ore \u00e8 c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato ba<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o. I ca<span class=\"_ _1\"></span>noni r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g a br<span class=\"_ _1\"></span>eve<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mine e a l<span class=\"_ _1\"></span>ea<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sto valo<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevat<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>n quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti lun<span class=\"_ _1\"></span>go la d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el le<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>sin<span class=\"_ _1\"></span>g.<span class=\"_ _348\"> </span>Il G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o in ves<span class=\"_ _1\"></span>te di l<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>I con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di le<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ing c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte la<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o in ca<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o tut<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i i ris<span class=\"_ _1\"></span>chi e b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti all<span class=\"_ _1\"></span>a pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>bene sono classificati come leasing operativi. I prov<span class=\"_ _0\"></span>enti da leasing derivanti<span class=\"_ _0\"></span> da leasing operativi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>ril<span class=\"_ _1\"></span>evati in qu<span class=\"_ _1\"></span>ote co<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>anti l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o la du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l le<span class=\"_ _1\"></span>asi<span class=\"_ _1\"></span>ng, e s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>usi t<span class=\"_ _1\"></span>ra r<span class=\"_ _1\"></span>icav<span class=\"_ _1\"></span>i nel c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o dat<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span>natura operativa. I costi i<span class=\"_ _0\"></span>niziali di negoz<span class=\"_ _0\"></span>iazione sono aggiunti al valore<span class=\"_ _0\"></span> contabile del bene locato e rile<span class=\"_ _0\"></span>vati in<span class=\"_ _0\"></span> base<span class=\"_ _348\"> </span>alla d<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>to su<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>ede<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ma ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ei p<span class=\"_ _1\"></span>roventi d<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one. A<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fit<span class=\"_ _1\"></span>ti n<span class=\"_ _1\"></span>on pr<span class=\"_ _1\"></span>eventi<span class=\"_ _1\"></span>vati so<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>avi ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Attivit\u00e0 finanziarie<span class=\"_ _348\"> </span>l\u2019IFRS 9 pr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>he qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ora s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ni no<span class=\"_ _1\"></span>n ven<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ate, gli s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se di e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i cri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Business Model definito dall\u2019<span class=\"_ _6\"></span>entit\u00e0 per la<span class=\"_ _0\"></span> gestione degli strumenti finanziari, e<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri.<span class=\"_ _348\"> </span></span>L<span class=\"_ _8\"></span>\u2019I<span class=\"_ _1\"></span>FRS 9 pr<span class=\"_ _1\"></span>evede t<span class=\"_ _1\"></span>re ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsd6\">at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>eten<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li (o Hel<span class=\"_ _1\"></span>d to Coll<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>t - Ht<span class=\"_ _1\"></span>C), valuta<span class=\"_ _1\"></span>te con il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span>costo ammortizzato<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws8b\">at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dete<span class=\"_ _1\"></span>nute s<span class=\"_ _1\"></span>ia pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li si<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te (o Both hel<span class=\"_ _1\"></span>d to col<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ct a<span class=\"_ _1\"></span>nd<span class=\"_ _348\"> </span></span>for s<span class=\"_ _1\"></span>ale - H<span class=\"_ _1\"></span>tC&amp;S) val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls3e wsa0\"> al conto economico (FV<span class=\"_ _1\"></span>TPL) o<span class=\"_ _0\"></span> conto economico complessiv<span class=\"_ _0\"></span>o (FVOCI)<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsf1\">alt<span class=\"_ _1\"></span>ri st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls37 wsfc\"> al conto economico<span class=\"_ _0\"></span>. Detta categoria residuale pu\u00f2<span class=\"_ _0\"></span> comprendere<span class=\"_ _348\"> </span></span></span>tut<span class=\"_ _1\"></span>ti i B<span class=\"_ _1\"></span>usi<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss Mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span>Le attivit\u00e0 finanziarie sono inizialmente<span class=\"_ _0\"></span> rilevat<span class=\"_ _0\"></span>e al <span class=\"ff12 ls3 ws1a3\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls39 ws225\"> normalmente rappr<span class=\"_ _0\"></span>esentato<span class=\"_ _0\"></span> dal prezzo<span class=\"_ _0\"></span> della<span class=\"_ _348\"> </span></span>transa<span class=\"_ _1\"></span>zione, aumentato<span class=\"_ _0\"></span> degli oneri acces<span class=\"_ _1\"></span>sori all\u2019<span class=\"_ _6\"></span>acquisto stesso.<span class=\"_ _348\"> </span>Il cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta l<span class=\"_ _1\"></span>a migl<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite<span class=\"_ _348\"> </span>da tito<span class=\"_ _1\"></span>li di de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to e cre<span class=\"_ _1\"></span>diti, i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ente di r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re gli i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si lu<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i dete<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del principio della competenza.<span class=\"_ _348\"> </span>Le valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ini<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>e veng<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uate al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato o al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e t<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>modalit\u00e0 vengono applicate i<span class=\"_ _0\"></span>n base alla categoria di appartenenza dello strumento finanziario considerato.<span class=\"_ _348\"> </span>Riguardo alla classifica<span class=\"_ _1\"></span>zione delle passivit\u00e0 finanziarie, l\u2019<span class=\"_ _0\"></span>IFRS 9<span class=\"_ _0\"></span> prevede la regola generale per cui un<span class=\"_ _6\"></span>\u2019<span class=\"_ _0\"></span>entit\u00e0<span class=\"_ _348\"> </span>valu<span class=\"_ _1\"></span>ta le p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to amm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to usa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il meto<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>ll\u2019intere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo (co<span class=\"_ _1\"></span>me ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>deva<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te con l<span class=\"_ _1\"></span>o IAS 3<span class=\"_ _1\"></span>9). Rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>do al<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 mi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>, le eventua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span>di valore<span class=\"_ _0\"></span> sono imputate a cont<span class=\"_ _0\"></span>o economico par<span class=\"_ _1\"></span>tecipando, quindi,<span class=\"_ _0\"></span> alla determinazione del risultato d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ercizio<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span>tuttavia, qualora tali variazioni siano determinate da<span class=\"_ _0\"></span> un cambiamento del <span class=\"ff12 ls9 ws5b\">credit<span class=\"_ _0\"></span> risk<span class=\"ff6 ls7 wsf1\"> l<span class=\"_ _0\"></span>\u2019imputazione delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></span></span>del <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue</span><span class=\"ls7 ws34\"> av<span class=\"_ _1\"></span>viene a patrimonio netto<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te co<span class=\"_ _1\"></span>n l\u2019intento di ma<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ino a s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ate fr<span class=\"_ _1\"></span>a le at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _348\"> </span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e la sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a dod<span class=\"_ _1\"></span>ici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i e non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e sup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e. So<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to. Que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>\u2019ultimo \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nato ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>el t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo, ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto di<span class=\"_ _348\"> </span>eventu<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti o pr<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>i al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to per r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>irli l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o l\u2019intero p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di tem<span class=\"_ _1\"></span>po i<span class=\"_ _1\"></span>nterc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte fin<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>alla s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>ito di even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>I fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>el ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo di r<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _0\"></span> finanziaria.<span class=\"_ _0\"></span> Ad ogni<span class=\"_ _0\"></span> chiusura<span class=\"_ _0\"></span> di bil<span class=\"_ _0\"></span>ancio le<span class=\"_ _0\"></span> Societ\u00e0 appartenenti<span class=\"_ _0\"></span> al Gruppo v<span class=\"_ _6\"></span>alutano la recuperabil<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _348\"> </span>di ta<span class=\"_ _1\"></span>li cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti, a me<span class=\"_ _1\"></span>no ch<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n si inte<span class=\"_ _1\"></span>nda<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rle e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>o do<span class=\"_ _1\"></span>dici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o, e valut<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>. Gli utili o l<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i da que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>valutazione sono rilevat<span class=\"_ _0\"></span>i nelle altre componenti del cont<span class=\"_ _0\"></span>o economico comples<span class=\"_ _1\"></span>sivo,<span class=\"_ _0\"></span> accumulate in<span class=\"_ _0\"></span> una specifica<span class=\"_ _348\"> </span>ris<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>va di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>no a ch<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>se n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te, rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te o com<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue c<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>Partecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span>Rientrano nell\u2019<span class=\"_ _6\"></span>ambito di applicazione delle norme sulla classificazione e misurazione del principio IFRS 9<span class=\"_ _0\"></span> le<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>tecipazioni aziona<span class=\"_ _1\"></span>rie escluse le interessenze azionarie in societ\u00e0 controllate<span class=\"_ _0\"></span>, collegate e a<span class=\"_ _0\"></span> controllo congiunto<span class=\"_ _348\"> </span>e der<span class=\"_ _1\"></span>ivat<span class=\"_ _1\"></span>i su di e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ch<span class=\"_ _1\"></span>e rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ino n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>one di s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o IAS 32. In ta<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e le<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>tecipazioni sono misurate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\"> co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span></span></span>Le par<span class=\"_ _1\"></span>tecipazioni in societ\u00e0 collegate identificat<span class=\"_ _0\"></span>e come <span class=\"ff12 ls38 ws161\">joint ventu<span class=\"_ _1\"></span>re</span><span class=\"ls3 ws162\"> ven<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con il m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span>netto che prev<span class=\"_ _0\"></span>ede la rilev<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zione in una<span class=\"_ _0\"></span> specific<span class=\"_ _1\"></span>a voce nel<span class=\"_ _0\"></span> prospet<span class=\"_ _1\"></span>to del risultato<span class=\"_ _0\"></span> economico comple<span class=\"_ _1\"></span>ssivo della<span class=\"_ _348\"> </span>quot<span class=\"_ _1\"></span>a di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o dei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 sul<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ali vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ata u<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>flue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a notevole.<span class=\"_ _348\"> </span>Rimanenze<span class=\"_ _348\"> </span>Le ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore tr<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>osto di a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re ne<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo. Le r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze<span class=\"_ _348\"> </span>del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite p<span class=\"_ _1\"></span>revale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte da co<span class=\"_ _1\"></span>sti s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>si re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pete<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi,<span class=\"_ _348\"> </span>nonch\u00e9 da materiale di<span class=\"_ _0\"></span> consumo.<span class=\"_ _348\"> </span>Disponibilit\u00e0<span class=\"_ _0\"></span> liquide e<span class=\"_ _0\"></span> mezzi equiv<span class=\"_ _0\"></span>alenti<span class=\"_ _348\"> </span>Le dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ide e m<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>vale<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no il d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a, i d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri a v<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ria c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a prev<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>a non s<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a tre m<span class=\"_ _1\"></span>esi. L<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>liquide e mezzi equiv<span class=\"_ _0\"></span>alenti del rendiconto finanziario consolidato<span class=\"_ _0\"></span> corri<span class=\"_ _1\"></span>sponde a quella dello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"_ _348\"> </span>Attivit\u00e0 e passivit\u00e0 destinate alla v<span class=\"_ _0\"></span>endita<span class=\"_ _348\"> </span>Incl<span class=\"_ _1\"></span>udo<span class=\"_ _1\"></span>no l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 e l<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 (o gru<span class=\"_ _1\"></span>ppi d<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 in dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>/<span class=\"ff12 ls6 ws162\">discon<span class=\"_ _0\"></span>tinued operation<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws17d\">) i<span class=\"_ _1\"></span>l cui va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span></span></span>contabile<span class=\"_ _0\"></span> sar\u00e0 recuperat<span class=\"_ _0\"></span>o principal<span class=\"_ _0\"></span>mente<span class=\"_ _0\"></span> attraverso la<span class=\"_ _0\"></span> vendi<span class=\"_ _0\"></span>ta piuttost<span class=\"_ _0\"></span>o che<span class=\"_ _0\"></span> attraverso l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>utili<span class=\"_ _0\"></span>zzo conti<span class=\"_ _0\"></span>nuativ<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span>Perch\u00e8 ci\u00f2 si<span class=\"_ _0\"></span> verifichi devono<span class=\"_ _0\"></span> esse<span class=\"_ _1\"></span>re rispettate le seguenti condizioni:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws46\">l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 (o gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>i in di<span class=\"_ _1\"></span>smi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e) devono e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a imm<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>lle lo<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsbc\">la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a deve es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e, os<span class=\"_ _1\"></span>sia l<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0 deve e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a in un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r la<span class=\"_ _348\"> </span></span><span class=\"fc4 wsbc\"> </span>lor<span class=\"_ _1\"></span>o dis<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one, d<span class=\"_ _1\"></span>evono e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e sta<span class=\"_ _1\"></span>te av<span class=\"_ _1\"></span>viate l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>e un ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te, ed il c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> della vendita do<span class=\"_ _0\"></span>vrebbe essere previsto entro un<span class=\"_ _0\"></span> anno dalla data della classificazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>ate al<span class=\"_ _1\"></span>la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ra il lo<span class=\"_ _1\"></span>ro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e net<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le e il re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivo <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> al<span class=\"_ _348\"> </span> net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si<span class=\"_ _1\"></span>a ric<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a nell<span class=\"_ _1\"></span>a voc<span class=\"_ _1\"></span>e in og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>to, il p<span class=\"_ _1\"></span>roc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span> amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto si in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe al m<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ento d<span class=\"_ _1\"></span>ella r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a.<span class=\"_ _348\"> </span>In co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0 al<span class=\"_ _1\"></span>l\u2019IFRS 5, i da<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>e <span class=\"ff12 ls6 wsbc\">discontinued operation<span class=\"_ _0\"></span><span class=\"ff6 ls37 wsa0\"> vengono<span class=\"_ _0\"></span> presentati come segue:<span class=\"_ _0\"></span> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 wsd7\">in due specifiche voci<span class=\"_ _0\"></span> del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate<span class=\"_ _348\"> </span></span><span class=\"fc4 ls7 wsd7\"> </span>alla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e Pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 de<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>inate a<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndit<span class=\"_ _1\"></span>a;<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws210\">in una s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a voce d<span class=\"_ _1\"></span>el Pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivo co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>olid<span class=\"_ _1\"></span>ato: Risu<span class=\"_ _1\"></span>lt<span class=\"_ _1\"></span>ato net<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>izio<span class=\"_ _348\"> </span></span><span class=\"fc4 ws210\"> </span>delle attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita.<span class=\"_ _348\"> </span>Patrimonio netto<span class=\"_ _348\"> </span>Azioni proprie<span class=\"_ _348\"> </span>Le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>op<span class=\"_ _1\"></span>rie s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o por<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>te a rid<span class=\"_ _1\"></span>uzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>le pe<span class=\"_ _1\"></span>r il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le e de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r l\u2019impor<span class=\"_ _7\"></span>to ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte.<span class=\"_ _348\"> </span>In ap<span class=\"_ _1\"></span>plic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>cipi c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tab<span class=\"_ _1\"></span>ili I<span class=\"_ _1\"></span>AS/<span class=\"_ _1\"></span>IFRS, c<span class=\"_ _1\"></span>on r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sto di a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>rie<span class=\"_ _1\"></span>, l\u2019impor<span class=\"_ _7\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>le \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte in dim<span class=\"_ _1\"></span>inu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e me<span class=\"_ _1\"></span>ntre i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>o tra i<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span> d\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re no<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie \u00e8 po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ato a dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lla r<span class=\"_ _1\"></span>ise<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va s<span class=\"_ _1\"></span>ovra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i. Con r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>a vendi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ie, i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i del c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>oci<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e e dell<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>va sovr<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo del<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span> a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ri<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>stit<span class=\"_ _1\"></span>uiti a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>so va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con c<span class=\"_ _1\"></span>ui si e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ido<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>cqu<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>to men<span class=\"_ _1\"></span>tre gli u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>/pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> der<span class=\"_ _1\"></span>iva<span class=\"_ _1\"></span>nti da<span class=\"_ _1\"></span>lla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, veng<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ileva<span class=\"_ _1\"></span>ti dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ltre r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>ve, sen<span class=\"_ _1\"></span>za a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> sul c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o. Le a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>se c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r il ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>olo d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li uti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>/per<span class=\"_ _1\"></span>dite de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a vend<span class=\"_ _1\"></span>ita s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span> state selezionat<span class=\"_ _0\"></span>e secondo il metodo F<span class=\"_ _0\"></span>IFO<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Sto<span class=\"_ _1\"></span>ck G<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nt<span class=\"_ _348\"> </span>Se<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndo qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to sta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>l\u2019IFRS 2 - Pag<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ati s<span class=\"_ _1\"></span>u az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i, l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e com<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span> delle <span class=\"_ _1\"></span><span class=\"ff12 ls3 ws1d\">s<span class=\"_ _1\"></span>toc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"ff6\"> (</span>fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\">) all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di as<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne \u00e8 ri<span class=\"_ _1\"></span>levato inte<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte al c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>o tra i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti del<span class=\"_ _348\"> </span></span></span><span class=\"ff12 ls3 ws1d\"><span class=\"ff6\"> </span></span>pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte tr<span class=\"_ _1\"></span>a la da<span class=\"_ _1\"></span>ta di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>se e in<span class=\"_ _348\"> </span> contropar<span class=\"_ _1\"></span>tita \u00e8 rilev<span class=\"_ _0\"></span>ata una riser<span class=\"_ _1\"></span>va di<span class=\"_ _0\"></span> patrimonio netto.<span class=\"_ _348\"> </span> La determinazione del <span class=\"ff12 ls3 ws121\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> delle <span class=\"ff12 ls3 ws121\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt</span> \u00e8 ef<span class=\"_ _1\"></span>fettuata alla data di<span class=\"_ _0\"></span> asse<span class=\"_ _1\"></span>gnazione delle stesse, riflettendo<span class=\"_ _348\"> </span> le condizioni di<span class=\"_ _0\"></span> mercato esistenti alla data<span class=\"_ _0\"></span> in questione.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i sia p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto un \u201cp<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do di m<span class=\"_ _1\"></span>atu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne\u201d ne<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le d<span class=\"_ _1\"></span>ebb<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne c<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span> (rag<span class=\"_ _1\"></span>giun<span class=\"_ _1\"></span>gim<span class=\"_ _1\"></span>ento di o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>) af<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 gli a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i dive<span class=\"_ _1\"></span>ntin<span class=\"_ _1\"></span>o titol<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i del d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to, il cos<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nsi, d<span class=\"_ _1\"></span>ete<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>nato<span class=\"_ _348\"> </span> sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se de<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>te dell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni all<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, \u00e8 r<span class=\"_ _1\"></span>ilevato tr<span class=\"_ _1\"></span>a i co<span class=\"_ _1\"></span>sti d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se<span class=\"_ _348\"> </span> di un c<span class=\"_ _1\"></span>rite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nti lu<span class=\"_ _1\"></span>ngo il p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do in<span class=\"_ _1\"></span>terc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte tra l<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne e qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a di ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>In ca<span class=\"_ _1\"></span>so di a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one g<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni (c.d. \u201c<span class=\"ff12\">stoc<span class=\"_ _1\"></span>k gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span></span><span class=\"ls7 wsc5\">\u201d<span class=\"_ _1\"></span>) al t<span class=\"_ _0\"></span>ermine del periodo di maturazione, viene<span class=\"_ _348\"> </span></span><span class=\"ls7 wsc5\"> </span>reg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rato il c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>ond<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te aume<span class=\"_ _1\"></span>nto di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Costi per<span class=\"_ _6\"></span> operazioni sul<span class=\"_ _0\"></span> capitale<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>uibi<span class=\"_ _1\"></span>li a op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i sul c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati a di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>duzi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>De<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so f<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>, de<span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>i t<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>bu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>, ac<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>re p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti, gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ti e le al<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o inizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>i al lo<span class=\"_ _1\"></span>ro <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span>. Suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>al costo ammortiz<span class=\"_ _1\"></span>zato.<span class=\"_ _0\"></span> L<span class=\"_ _8\"></span>\u2019<span class=\"_ _0\"></span>eliminazione dei debiti dal bilancio a<span class=\"_ _0\"></span>vvie<span class=\"_ _1\"></span>ne quando sono state<span class=\"_ _0\"></span> estinte le obbligazioni<span class=\"_ _348\"> </span>finanzia<span class=\"_ _1\"></span>rie sot<span class=\"_ _1\"></span>tost<span class=\"_ _1\"></span>anti.<span class=\"_ _348\"> </span>Le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, se c<span class=\"_ _1\"></span>on sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a ol<span class=\"_ _1\"></span>tre do<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ci me<span class=\"_ _1\"></span>si, ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l fine di r<span class=\"_ _1\"></span>ip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>l valo<span class=\"_ _1\"></span>re co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so l\u2019utiliz<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o ta<span class=\"_ _1\"></span>le da r<span class=\"_ _1\"></span>ifle<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere l<span class=\"_ _1\"></span>e valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni di m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato d<span class=\"_ _1\"></span>el val<span class=\"_ _1\"></span>ore a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>l den<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>o e i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>specifici connes<span class=\"_ _1\"></span>si alla passivit\u00e0. Gli interessi di attualizza<span class=\"_ _1\"></span>zione vengono classificati negli oneri finanziari.<span class=\"_ _348\"> </span>Strumenti derivati<span class=\"_ _348\"> </span>Il de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>to \u00e8 uno st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o o qua<span class=\"_ _1\"></span>ls<span class=\"_ _1\"></span>ias<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>tro c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to aven<span class=\"_ _1\"></span>te le se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he: <span class=\"ff12 ls37 wsa0\">(i)</span> il suo va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>a in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne al c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e, di un p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>rum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, di un<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i una m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ce, di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>io in val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, di un ind<span class=\"_ _1\"></span>ice d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zi, di un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e di t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si,<span class=\"_ _348\"> </span>di un me<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ito di cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ito o al<span class=\"_ _1\"></span>tra va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>ta; <span class=\"ff12 ls37 wsa0\">(<span class=\"_ _1\"></span>ii)</span> non ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e un inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e o, se<span class=\"_ _348\"> </span>ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto, \u00e8 infe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a que<span class=\"_ _1\"></span>llo c<span class=\"_ _1\"></span>he sa<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>bbe r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i tipi d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti da c<span class=\"_ _1\"></span>ui ci si a<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>reb<span class=\"_ _1\"></span>be un<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>simi<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e a ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i di fat<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato; <span class=\"ff12 ls39 ws92\">(iii)</span> sar<span class=\"_ _1\"></span>\u00e0 re<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>ato a dat<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a, v<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>cato c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>finanziario e conseguentemente viene adeguato al<span class=\"_ _0\"></span> <span class=\"ff12 ls3 ws174\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> a ogni fine esercizio.<span class=\"_ _0\"></span> Gli effet<span class=\"_ _1\"></span>ti dell\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _348\"> </span>sono rico<span class=\"_ _0\"></span>nosciuti<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari.<span class=\"_ _348\"> </span>Fondi<span class=\"_ _6\"></span> per rischi ed<span class=\"_ _6\"></span> oneri<span class=\"_ _348\"> </span>Gli a<span class=\"_ _1\"></span>cca<span class=\"_ _1\"></span>nton<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ati qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>eve far f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te a una ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> (le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le o im<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a) at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale, c<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da un eve<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato, il cui a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> e pe<span class=\"_ _1\"></span>r il cui a<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8 pro<span class=\"_ _1\"></span>bab<span class=\"_ _1\"></span>ile c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ar\u00e0 n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io l\u2019impi<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e. Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>e di im<span class=\"_ _1\"></span>pie<span class=\"_ _1\"></span>go di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span> vadano oltre<span class=\"_ _0\"></span> l\u2019<span class=\"_ _6\"></span>esercizio succe<span class=\"_ _1\"></span>ssivo l\u2019<span class=\"_ _6\"></span>obbligazione \u00e8 iscritta al valore attuale determinato attrav<span class=\"_ _0\"></span>erso l\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tualizza<span class=\"_ _1\"></span>zione<span class=\"_ _348\"> </span>dei fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si sc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tati a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>he ten<span class=\"_ _1\"></span>ga an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>to del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to del d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro e d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>I ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r i qua<span class=\"_ _1\"></span>li il ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di un<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 so<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>nto po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>le ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ito pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>fo su<span class=\"_ _348\"> </span>\u201cInfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va su ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate, imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ni e<span class=\"_ _1\"></span>d alt<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _1\"></span>\u201d e non s<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de a<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Debiti v<span class=\"_ _0\"></span>erso<span class=\"_ _0\"></span> banche ed<span class=\"_ _6\"></span> altre passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuti i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> de<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evuto a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>degli oneri access<span class=\"_ _1\"></span>ori di acquisizione del<span class=\"_ _0\"></span> finanziamento.<span class=\"_ _0\"></span> Dopo tale rilevazione iniziale<span class=\"_ _0\"></span> i finanziamenti vengono<span class=\"_ _348\"> </span>valu<span class=\"_ _1\"></span>tati c<span class=\"_ _1\"></span>on il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span>mite l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo. Il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tene<span class=\"_ _1\"></span>ndo c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di em<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne e di o<span class=\"_ _1\"></span>gni eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to o pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>Benefici<span class=\"_ _0\"></span> ai dipendenti<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i in co<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro s<span class=\"_ _1\"></span>ono<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dal T<span class=\"_ _0\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento di F<span class=\"_ _1\"></span>ine Ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to (<span class=\"_ _1\"></span>TFR<span class=\"_ _1\"></span>), discip<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>lla le<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>sla<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>na al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>21<span class=\"_ _6\"></span>20 del C<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ice C<span class=\"_ _1\"></span>ivil<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il TFR \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to, in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>o IAS 19, un piano a b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>finit<span class=\"_ _1\"></span>i, vale a di<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>di be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>lla fin<span class=\"_ _1\"></span>e del r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di lavor<span class=\"_ _1\"></span>o che c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _0\"></span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e fut<span class=\"_ _1\"></span>ura e p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le il<span class=\"_ _348\"> </span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o si fa c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e di i<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi. Co<span class=\"_ _1\"></span>me ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>9, il Gru<span class=\"_ _1\"></span>ppo u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a il<span class=\"_ _348\"> </span>Metodo della<span class=\"_ _0\"></span> Proiezione Unitaria del Credito<span class=\"_ _0\"></span> per determinare il valore<span class=\"_ _0\"></span> attuale delle obbligazioni e il relativ<span class=\"_ _0\"></span>o costo<span class=\"_ _348\"> </span>prev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di lavo<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente; qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to cal<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tive e<span class=\"_ _348\"> </span>compati<span class=\"_ _0\"></span>bili su<span class=\"_ _0\"></span> variabi<span class=\"_ _0\"></span>li demografiche<span class=\"_ _0\"></span> (tasso di<span class=\"_ _0\"></span> mortalit\u00e0, tasso di ro<span class=\"_ _0\"></span>tazione del personale<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span> finanziarie<span class=\"_ _0\"></span> (tasso di<span class=\"_ _348\"> </span>sc<span class=\"_ _1\"></span>onto, inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i dei l<span class=\"_ _1\"></span>ivelli r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i). Il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ileva la va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di uti<span class=\"_ _1\"></span>li e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>(rimi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne) tr<span class=\"_ _1\"></span>a le al<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo. A se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma s<span class=\"_ _1\"></span>ulla p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span>a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 1\u00b0 genna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>07 il TFR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do \u00e8 de<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nato a<span class=\"_ _1\"></span>i fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one, a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>ia i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuito p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>l\u2019Inps ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro, nel c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>so di im<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se ave<span class=\"_ _1\"></span>nti me<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i 50 dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti, pu<span class=\"_ _1\"></span>\u00f2 rim<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span>n a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente a qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuato negli esercizi precedenti. I<span class=\"_ _0\"></span> dipendenti hanno avuto<span class=\"_ _0\"></span> la facolt\u00e0 di operare la scelta della destinazione del<span class=\"_ _348\"> </span>pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>io tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di fin<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to fin<span class=\"_ _1\"></span>o al 3<span class=\"_ _1\"></span>0 giug<span class=\"_ _1\"></span>no 20<span class=\"_ _1\"></span>07<span class=\"_ _348\"> </span><span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>In rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a ci<span class=\"_ _1\"></span>\u00f2, la de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ote ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>e del T<span class=\"_ _1\"></span>FR ai fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro all\u2019I<span class=\"_ _1\"></span>nps c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _348\"> </span>che il T<span class=\"_ _1\"></span>FR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o sia c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>me u<span class=\"_ _1\"></span>n pia<span class=\"_ _1\"></span>no a c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti in qu<span class=\"_ _1\"></span>anto l\u2019<span class=\"_ _0\"></span>ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>\u00e8 rap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dal ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uti a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do p<span class=\"_ _1\"></span>ens<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne ov<span class=\"_ _1\"></span>vero a<span class=\"_ _1\"></span>ll\u2019In<span class=\"_ _1\"></span>ps. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _348\"> </span>rel<span class=\"_ _1\"></span>ativa a<span class=\"_ _1\"></span>l TFR pr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ntinu<span class=\"_ _1\"></span>a a ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o a be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti da val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>are s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>attuaria<span class=\"_ _1\"></span>li.<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci dovu<span class=\"_ _1\"></span>ti ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro n<span class=\"_ _1\"></span>on in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>el TFR ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e qua<span class=\"_ _1\"></span>ndo l\u2019imp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sa \u00e8 im<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, in mo<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>rovab<span class=\"_ _1\"></span>ile, a in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>re il r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span>di lavoro d<span class=\"_ _1\"></span>i un dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte o di un G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a del n<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto o e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro a s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>guito d<span class=\"_ _1\"></span>i una p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta pe<span class=\"_ _1\"></span>r in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>re di<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni vol<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span>es<span class=\"_ _1\"></span>ube<span class=\"_ _1\"></span>ri. I b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i dovu<span class=\"_ _1\"></span>ti ai di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro no<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>ocu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ll\u2019impre<span class=\"_ _1\"></span>sa b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>economici futuri e<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span>tanto v<span class=\"_ _0\"></span>engono rilev<span class=\"_ _0\"></span>ati immediatament<span class=\"_ _0\"></span>e come costo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>Riconoscimento dei rica<span class=\"_ _0\"></span>vi<span class=\"_ _348\"> </span>I ric<span class=\"_ _1\"></span>avi s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ilevati s<span class=\"_ _1\"></span>ol<span class=\"_ _1\"></span>o qua<span class=\"_ _1\"></span>ndo s<span class=\"_ _1\"></span>i ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>leto s<span class=\"_ _1\"></span>odd<span class=\"_ _1\"></span>isf<span class=\"_ _1\"></span>aci<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>gli ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ghi c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali e il c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>acquisisce<span class=\"_ _0\"></span> il cont<span class=\"_ _0\"></span>rollo d<span class=\"_ _0\"></span>ell\u2019<span class=\"_ _6\"></span>attivit\u00e0 t<span class=\"_ _0\"></span>rasferita. Sono<span class=\"_ _0\"></span> iscritti al <span class=\"ff12 ls3 ws8c\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue<span class=\"ff6\"> de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo ric<span class=\"_ _1\"></span>evu<span class=\"_ _1\"></span>to o spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>nte, tenu<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span></span></span>con<span class=\"_ _1\"></span>to del va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i sco<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omm<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cia<span class=\"_ _1\"></span>li c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si e r<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni le<span class=\"_ _1\"></span>gate a<span class=\"_ _1\"></span>lla q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>tit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>Rel<span class=\"_ _1\"></span>ativa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi, il r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avo \u00e8 ric<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuto a<span class=\"_ _1\"></span>l mom<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di ade<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>lla pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one.<span class=\"_ _348\"> </span>Coe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te con q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to preve<span class=\"_ _1\"></span>de l\u2019IFRS 15 nei pa<span class=\"_ _1\"></span>r<span class=\"_ _6\"></span>.31 e se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti, i s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nti le m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i fier<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e<span class=\"_ _348\"> </span>gli even<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ti al c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nte du<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nte le ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e gli eve<span class=\"_ _1\"></span>nti, in q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span>il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i temp<span class=\"_ _1\"></span>o dur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>te il qua<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>ene s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta l<span class=\"_ _1\"></span>a mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>r pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>i rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti. A<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente t<span class=\"_ _1\"></span>ali r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>avi<span class=\"_ _348\"> </span>son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati in m<span class=\"_ _1\"></span>odo l<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>are n<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne o evento i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto an<span class=\"_ _1\"></span>che l<span class=\"_ _1\"></span>e ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>ieg<span class=\"_ _1\"></span>ate e i co<span class=\"_ _1\"></span>sti<span class=\"_ _348\"> </span>sostenuti sono distribuiti unifor<span class=\"_ _1\"></span>memente durante il loro sv<span class=\"_ _0\"></span>olgimento.<span class=\"_ _348\"> </span>Qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o \u00e8 pro<span class=\"_ _1\"></span>ba<span class=\"_ _1\"></span>bile c<span class=\"_ _1\"></span>he i c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i tota<span class=\"_ _1\"></span>li di un<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e ec<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o i ric<span class=\"_ _1\"></span>avi tot<span class=\"_ _1\"></span>ali de<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e stes<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a,<span class=\"_ _348\"> </span>la pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>a vie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>levat<span class=\"_ _1\"></span>a com<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sto co<span class=\"_ _1\"></span>n l\u2019iscr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n ap<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ito fon<span class=\"_ _1\"></span>do.<span class=\"_ _348\"> </span>Costi operativi<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivi a b<span class=\"_ _1\"></span>eni e s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi ve<span class=\"_ _1\"></span>ndu<span class=\"_ _1\"></span>ti o c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>uma<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio o p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _348\"> </span>ovve<span class=\"_ _1\"></span>ro qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do no<span class=\"_ _1\"></span>n si p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sa id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019utilit<span class=\"_ _1\"></span>\u00e0 fut<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Il co<span class=\"_ _1\"></span>sto de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>es\u00ec p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a, te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, i<span class=\"_ _348\"> </span>compensi agli amministratori, sia<span class=\"_ _0\"></span> di natura fissa che variabile.<span class=\"_ _348\"> </span>I costi che non soddisfano le<span class=\"_ _0\"></span> condizioni per la loro rile<span class=\"_ _0\"></span>vazione all\u2019<span class=\"_ _6\"></span>attivo patrimoniale sono imputati a<span class=\"_ _0\"></span> conto<span class=\"_ _348\"> </span>economico nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio di<span class=\"_ _0\"></span> sostenimento.<span class=\"_ _348\"> </span>Pro<span class=\"_ _0\"></span>venti<span class=\"_ _0\"></span> diversi<span class=\"_ _348\"> </span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e voce h<span class=\"_ _1\"></span>a natu<span class=\"_ _1\"></span>ra re<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>dua<span class=\"_ _1\"></span>le e c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nde t<span class=\"_ _1\"></span>ra gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i i ri<span class=\"_ _1\"></span>cavi p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>but<span class=\"_ _1\"></span>i e sov<span class=\"_ _1\"></span>venz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Prov<span class=\"_ _0\"></span>enti e<span class=\"_ _0\"></span> oneri finanziari<span class=\"_ _348\"> </span>I proven<span class=\"_ _1\"></span>ti e gli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati c<span class=\"_ _1\"></span>on un c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>o temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a il re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to/<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>ere<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tivo dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span>/passivi<span class=\"_ _1\"></span>t\u00e0 relativa.<span class=\"_ _348\"> </span>Imposte<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>dito so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te, pe<span class=\"_ _1\"></span>r ci<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>el re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito imp<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e in co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>alle a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uote e a<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i vig<span class=\"_ _1\"></span>enti n<span class=\"_ _1\"></span>ei Pae<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ei qu<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a. L<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>levate ne<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, ad e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>ne di qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve a voci dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ate o ac<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>tate a p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to,<span class=\"_ _348\"> </span>il cui e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le \u00e8 r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>uto dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti fr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io di at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e il l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>te fra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra in c<span class=\"_ _1\"></span>ui si<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bile l\u2019esiste<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>imp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fi<span class=\"_ _1\"></span>sca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i qu<span class=\"_ _1\"></span>ali u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e tal<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>ldo a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo; il valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>n bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io \u00e8 og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di una ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i chiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te fisc<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>he ci s<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>de ven<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui t<span class=\"_ _1\"></span>ali di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti si re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>liqu<span class=\"_ _1\"></span>ote in vi<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>re o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i not<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>succes<span class=\"_ _1\"></span>siva emanazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span>dal<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>a au<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>t\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do vi \u00e8 u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le di c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Si ved<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato in m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ito al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 47<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>Operazioni in<span class=\"_ _6\"></span> valuta estera<span class=\"_ _348\"> </span>Le op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in val<span class=\"_ _1\"></span>uta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>rate a<span class=\"_ _1\"></span>l ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>rre<span class=\"_ _1\"></span>nte al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e. Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>mon<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in valu<span class=\"_ _1\"></span>ta e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>ra so<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onver<span class=\"_ _7\"></span>tite al t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>o in e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ere a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>bilancio. Sono rile<span class=\"_ _0\"></span>vate<span class=\"_ _0\"></span> a conto economico le differenze cambio generate dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>tinzione di<span class=\"_ _0\"></span> poste monetarie o dalla<span class=\"_ _348\"> </span>lor<span class=\"_ _1\"></span>o conve<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne a ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>a que<span class=\"_ _1\"></span>lli ai q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>li er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>te conve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>te al mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to dell<span class=\"_ _1\"></span>a ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>nell\u2019eser<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o o in bil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ci pr<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti. Le di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>enze c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te ne<span class=\"_ _1\"></span>gli on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i e ne<span class=\"_ _1\"></span>i proven<span class=\"_ _1\"></span>ti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Dividendi<span class=\"_ _348\"> </span>I ric<span class=\"_ _1\"></span>avi pe<span class=\"_ _1\"></span>r di<span class=\"_ _1\"></span>vid<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati ne<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to in cui s<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ge il di<span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>to p<span class=\"_ _1\"></span>er gl<span class=\"_ _1\"></span>i a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i a ric<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>e il pag<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, ch<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>normalmente corrispon<span class=\"_ _1\"></span>de alla data dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>as<span class=\"_ _1\"></span>semblea annuale dei soci che delibera sulla distribuzione<span class=\"_ _0\"></span> dei dividendi.<span class=\"_ _348\"> </span>Risultato<span class=\"_ _0\"></span> per azione<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (perdit<span class=\"_ _1\"></span>a) per azione base viene calcolato dividendo i<span class=\"_ _0\"></span>l risultato economico del Gruppo attribuibile agli<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>ie d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>er il n<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e in<span class=\"_ _348\"> </span>circolazione nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio,<span class=\"_ _0\"></span> escludendo le azioni proprie.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (per<span class=\"_ _1\"></span>dita) per azione diluit<span class=\"_ _0\"></span>o si ottiene attraverso la rettifica della media ponderata delle azioni in circolazione,<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r tene<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>onto di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni o<span class=\"_ _1\"></span>rdin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie po<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>ali ave<span class=\"_ _1\"></span>nti ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dilu<span class=\"_ _1\"></span>itivo.<span class=\"_ _348\"> </span>1.6  <span class=\"_ _2\"></span>Uso di stime<span class=\"_ _348\"> </span>La reda<span class=\"_ _1\"></span>zione del bilancio in<span class=\"_ _0\"></span> applica<span class=\"_ _1\"></span>zione degli IFRS<span class=\"_ _0\"></span> richiede l\u2019<span class=\"_ _6\"></span>ef<span class=\"_ _1\"></span>fettua<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> e di assunzioni che hanno<span class=\"_ _348\"> </span>ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to s<span class=\"_ _1\"></span>ui val<span class=\"_ _1\"></span>ori d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 e d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o e sull\u2019info<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ativa re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tiva ad at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _348\"> </span>alla d<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a del b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o. I ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati c<span class=\"_ _1\"></span>he si c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>tiver<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no po<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>bbe<span class=\"_ _1\"></span>ro di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rir<span class=\"_ _1\"></span>e da ta<span class=\"_ _1\"></span>li st<span class=\"_ _1\"></span>ime. L<span class=\"_ _1\"></span>e stim<span class=\"_ _1\"></span>e so<span class=\"_ _1\"></span>no ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r ril<span class=\"_ _1\"></span>evare gl<span class=\"_ _1\"></span>i acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti pe<span class=\"_ _1\"></span>r r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi su c<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>diti, g<span class=\"_ _1\"></span>li am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti, i b<span class=\"_ _1\"></span>ene<span class=\"_ _1\"></span>fici a<span class=\"_ _1\"></span>i dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti, le i<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>acc<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>tona<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e fon<span class=\"_ _1\"></span>di, no<span class=\"_ _1\"></span>nch<span class=\"_ _1\"></span>\u00e9 le even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>he di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0. Le s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>e e le as<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>ste<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te e gli ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di o<span class=\"_ _1\"></span>gni var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o rifl<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si i<span class=\"_ _1\"></span>mme<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span>Di seguito v<span class=\"_ _0\"></span>engono indicate le stime<span class=\"_ _0\"></span> pi\u00f9 significative<span class=\"_ _0\"></span> relative alla<span class=\"_ _0\"></span> reda<span class=\"_ _1\"></span>zione del bilancio perch\u00e9 compor<span class=\"_ _1\"></span>tano un<span class=\"_ _348\"> </span>elevato r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so a g<span class=\"_ _1\"></span>iudi<span class=\"_ _1\"></span>zi so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi, a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sun<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e sti<span class=\"_ _1\"></span>me:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ls8 ws150\">perdita<span class=\"_ _6\"></span> di valo<span class=\"_ _0\"></span>re dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>avviamen<span class=\"_ _0\"></span>to<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws8e\">, che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>to a ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 (<span class=\"ff12 ls38 ws13f\">i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>air<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt test</span>) p<span class=\"_ _1\"></span>er<span class=\"_ _348\"> </span></span></span>eventu<span class=\"_ _1\"></span>ali p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e con p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>it\u00e0 a<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e o co<span class=\"_ _1\"></span>n cad<span class=\"_ _1\"></span>enze p<span class=\"_ _1\"></span>i\u00f9 b<span class=\"_ _1\"></span>revi qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra e<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>ano i<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>cato<span class=\"_ _1\"></span>ri di<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re. De<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca r<span class=\"_ _1\"></span>ich<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>de un<span class=\"_ _1\"></span>a sti<span class=\"_ _1\"></span>ma dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>le de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso d<span class=\"_ _1\"></span>ell\u2019unit<span class=\"_ _1\"></span>\u00e0 ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri c<span class=\"_ _1\"></span>ui \u00e8 at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>rib<span class=\"_ _1\"></span>uito l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto a su<span class=\"_ _1\"></span>a volt<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a sul<span class=\"_ _1\"></span>la sti<span class=\"_ _1\"></span>ma de<span class=\"_ _1\"></span>i flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tesi d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e su<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>lor<span class=\"_ _1\"></span>o at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>d un ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so di s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nto ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>to. La re<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>ei val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>i isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti \u00e8 ver<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>fro<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il valo<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ile is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o con i<span class=\"_ _1\"></span>l mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>re tr<span class=\"_ _1\"></span>a il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta e il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _348\"> </span>del b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e. Il pr<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zo net<span class=\"_ _1\"></span>to di ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta \u00e8 l\u2019impo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to ot<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>nibi<span class=\"_ _1\"></span>le da<span class=\"_ _1\"></span>lla ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di un\u2019<span class=\"_ _0\"></span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 i<span class=\"_ _1\"></span>n una o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one f<span class=\"_ _1\"></span>ra p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>indi<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>evoli e di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili, de<span class=\"_ _1\"></span>do<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti i co<span class=\"_ _1\"></span>sti di d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne; in a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a di ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>rdi v<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>nti o<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _348\"> </span>rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ir<span class=\"_ _1\"></span>si al<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e da un m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cato at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivo opp<span class=\"_ _1\"></span>ure d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>lo a<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>nsi d<span class=\"_ _1\"></span>el p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>io c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>le IFRS<span class=\"_ _348\"> </span>13<span class=\"_ _1\"></span> <span class=\"_ _1\"></span><span class=\"ff12 ls8 ws91\">Fair V<span class=\"_ _6\"></span>alue M<span class=\"_ _0\"></span>easurement<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws9b\">. Il va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e d\u2019uso \u00e8 defi<span class=\"_ _1\"></span>nito su<span class=\"_ _1\"></span>lla ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>ell\u2019attua<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ad u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo<span class=\"_ _348\"> </span></span></span>del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to med<span class=\"_ _1\"></span>io po<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ato de<span class=\"_ _1\"></span>l cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>i un\u2019impre<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>on p<span class=\"_ _1\"></span>rofilo d<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>io e di in<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>bit<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento o<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>eo, de<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>ll\u2019utiliz<span class=\"_ _1\"></span>zo de<span class=\"_ _1\"></span>l ben<span class=\"_ _1\"></span>e (o da una a<span class=\"_ _1\"></span>gg<span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di b<span class=\"_ _1\"></span>eni \u2013 l<span class=\"_ _1\"></span>e c.d. <span class=\"ff12 ls8 ws120\">cash gen<span class=\"_ _0\"></span>erating<span class=\"_ _6\"></span> unit<span class=\"ff6 ls3 ws3d\">) e dal<span class=\"_ _1\"></span>la<span class=\"_ _348\"> </span></span></span>sua d<span class=\"_ _1\"></span>ism<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne al te<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ine d<span class=\"_ _1\"></span>ella s<span class=\"_ _1\"></span>ua vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile. O<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re r<span class=\"_ _1\"></span>ilevar<span class=\"_ _1\"></span>e che i p<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>ni uti<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>l <span class=\"ff12 ls9 wsab\">test<span class=\"_ _0\"></span> di impairmen<span class=\"_ _0\"></span>t<span class=\"ff6 ls3 ws3\"> </span></span>si ba<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>no p<span class=\"_ _1\"></span>er lo<span class=\"_ _1\"></span>ro n<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a su a<span class=\"_ _1\"></span>lcu<span class=\"_ _1\"></span>ne ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i ed a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>unz<span class=\"_ _1\"></span>ioni r<span class=\"_ _1\"></span>ig<span class=\"_ _1\"></span>uar<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>dam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to futu<span class=\"_ _1\"></span>ro c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>te da<span class=\"_ _348\"> </span>inc<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>tez<span class=\"_ _1\"></span>ze. Co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte no<span class=\"_ _1\"></span>n si pu<span class=\"_ _1\"></span>\u00f2 es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>onc<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to stim<span class=\"_ _1\"></span>ato.<span class=\"ws3\"> </span>T<span class=\"_ _6\"></span>ali a<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sunz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ino<span class=\"_ _1\"></span>ltre s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>tte a<span class=\"_ _1\"></span>lle c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nze di m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o e lun<span class=\"_ _1\"></span>go te<span class=\"_ _1\"></span>rmi<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>rg<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a sa<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ria<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a all<span class=\"_ _1\"></span>a pan<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mia di C<span class=\"_ _1\"></span>ovid<span class=\"_ _1\"></span>-<span class=\"_ _6\"></span>19 e agli ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onfli<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to ru<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-uc<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ino, c<span class=\"_ _1\"></span>on ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto in p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>tic<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>re a<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>temp<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>ica d<span class=\"_ _1\"></span>i rito<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>o ai li<span class=\"_ _1\"></span>velli di p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>emi<span class=\"_ _1\"></span>a. C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te non si p<span class=\"_ _1\"></span>u\u00f2<span class=\"_ _348\"> </span>es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>re il co<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>reti<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di ri<span class=\"_ _1\"></span>sul<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>anto s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>ato. Il pia<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>\u00e0 as<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tato a c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>inua ve<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>fica<span class=\"_ _348\"> </span>da pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>te de<span class=\"_ _1\"></span>gli A<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ini<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vo con<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e prev<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>oni e d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti<span class=\"_ _348\"> </span>sull\u2019<span class=\"_ _6\"></span>andamento economico<span class=\"_ _1\"></span>-finanziario del Gruppo.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws11\">Per<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a v<span class=\"_ _1\"></span>ita u<span class=\"_ _1\"></span>til<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>fin<span class=\"_ _1\"></span>ita<span class=\"ff6\">, c<span class=\"_ _1\"></span>he ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o sot<span class=\"_ _1\"></span>top<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r eventu<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span></span></span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra s<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o ide<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ni o inte<span class=\"_ _1\"></span>rn<span class=\"_ _1\"></span>i di <span class=\"ff12 ls39 ws92\">impair<span class=\"_ _1\"></span>ment</span>; det<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>chie<span class=\"_ _1\"></span>de u<span class=\"_ _1\"></span>na<span class=\"_ _348\"> </span>stim<span class=\"_ _1\"></span>a dis<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>ri d\u2019uso de<span class=\"_ _1\"></span>ll\u2019unit<span class=\"_ _1\"></span>\u00e0 gen<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e di flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i cui s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uite t<span class=\"_ _1\"></span>ali a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 a<span class=\"_ _348\"> </span>sua vol<span class=\"_ _1\"></span>ta b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ata s<span class=\"_ _1\"></span>ull<span class=\"_ _1\"></span>a stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>all\u2019unit<span class=\"_ _1\"></span>\u00e0 e sull<span class=\"_ _1\"></span>a lo<span class=\"_ _1\"></span>ro at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ase a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>di sconto adeguat<span class=\"_ _0\"></span>o.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws105\">At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>mp<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>e di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"ff6\">, le qual<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evate a fro<span class=\"_ _1\"></span>nte de<span class=\"_ _1\"></span>lle p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li ri<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te a nuovo e de<span class=\"_ _1\"></span>lle al<span class=\"_ _1\"></span>tre<span class=\"_ _348\"> </span></span></span>dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nze tem<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>ee, n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a mis<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>a in cui s<span class=\"_ _1\"></span>ia p<span class=\"_ _1\"></span>rob<span class=\"_ _1\"></span>abil<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i ade<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ati ut<span class=\"_ _1\"></span>ili fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fro<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>dei q<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te e le dif<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze te<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>e potr<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e utili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. U<span class=\"_ _1\"></span>na si<span class=\"_ _1\"></span>gni<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>tiva val<span class=\"_ _1\"></span>uta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>discrezionale \u00e8 richiesta agli amministratori per det<span class=\"_ _0\"></span>erminare l\u2019<span class=\"_ _6\"></span>ammonta<span class=\"_ _1\"></span>re delle imposte<span class=\"_ _0\"></span> differ<span class=\"_ _1\"></span>ite attive<span class=\"_ _0\"></span> che<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>ate. N<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>re la ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca di r<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>lit\u00e0 d<span class=\"_ _1\"></span>i ta<span class=\"_ _1\"></span>li at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>oste d<span class=\"_ _1\"></span>if<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>attive \u00e8 stat<span class=\"_ _0\"></span>o preso in considera<span class=\"_ _1\"></span>zione il piano delle<span class=\"_ _0\"></span> Societ\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"ff12 fc4 ws14e\">Fond<span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi e<span class=\"_ _1\"></span>d o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri:<span class=\"ff6\"> la s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>ei fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>chi e<span class=\"_ _1\"></span>d on<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i che v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ta fa<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ndo r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to alle<span class=\"_ _348\"> </span></span></span>migliori informazioni disponibili alla<span class=\"_ _0\"></span> data del presente bilancio compor<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione di stime<span class=\"_ _0\"></span> discrezionali<span class=\"_ _348\"> </span>bas<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>a su d<span class=\"_ _1\"></span>ati sto<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>i ch<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>gua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti l\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>ito fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>o di co<span class=\"_ _1\"></span>nten<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>si o event<span class=\"_ _1\"></span>i, la cu<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in<span class=\"_ _348\"> </span>ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i profi<span class=\"_ _1\"></span>li di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio e l<span class=\"_ _1\"></span>e cui s<span class=\"_ _1\"></span>time i<span class=\"_ _1\"></span>n ter<span class=\"_ _1\"></span>mini d<span class=\"_ _1\"></span>i imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ti e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>te a in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>ze<span class=\"_ _348\"> </span>e complessit\u00e0 che potrebbero determinare variazioni nelle stime.<span class=\"_ _348\"> </span>Per qu<span class=\"_ _1\"></span>anto r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>da l\u2019utiliz<span class=\"_ _1\"></span>zo di s<span class=\"_ _1\"></span>time s<span class=\"_ _1\"></span>ui ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i si r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>llo s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cifi<span class=\"_ _1\"></span>co p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agr<span class=\"_ _1\"></span>afo n<span class=\"_ _1\"></span>elle N<span class=\"_ _1\"></span>ote es<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>ive e<span class=\"_ _348\"> </span>inte<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>tive ai p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>i, men<span class=\"_ _1\"></span>tre p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hi si f<span class=\"_ _1\"></span>a rife<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto all<span class=\"_ _1\"></span>e mig<span class=\"_ _1\"></span>lio<span class=\"_ _1\"></span>ri inf<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>disponibili alla data<span class=\"_ _0\"></span> del bilancio.<span class=\"_ _348\"> </span>1.7 <span class=\"_ _4f\"> </span>Informativa sulle attivit\u00e0 destinate alla vendita<span class=\"_ _348\"> </span>In dat<span class=\"_ _1\"></span>a 9 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023 il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA<span class=\"_ _1\"></span>, f<span class=\"_ _1\"></span>ace<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to ai co<span class=\"_ _1\"></span>mun<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ati st<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>pa<span class=\"_ _348\"> </span>del 25 ge<span class=\"_ _1\"></span>nna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>22, del 20 ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>o 2022 e de<span class=\"_ _1\"></span>l 1<span class=\"_ _0\"></span>3 ot<span class=\"_ _1\"></span>tobr<span class=\"_ _1\"></span>e 2022, ren<span class=\"_ _1\"></span>de n<span class=\"_ _1\"></span>oto di aver ap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ovato la fina<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegi<span class=\"_ _1\"></span>ca c<span class=\"_ _1\"></span>on Fi<span class=\"_ _1\"></span>ere d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma Sp<span class=\"_ _1\"></span>A avente ad o<span class=\"_ _1\"></span>gge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to una p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>hip vol<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>rea<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e di<span class=\"_ _348\"> </span>una comune piattaforma fieristica europe<span class=\"_ _1\"></span>a nel compar<span class=\"_ _1\"></span>to agro-alimentare. L<span class=\"_ _8\"></span>'<span class=\"_ _0\"></span>accordo prevede il conf<span class=\"_ _0\"></span>erime<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span>del r<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>o d\u2019<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da di Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no S<span class=\"_ _1\"></span>pA re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>vo alla m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tofoo<span class=\"_ _1\"></span>d\u201d<span class=\"_ _6\"></span>, p<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io even<span class=\"_ _1\"></span>to esp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>itivo n<span class=\"_ _1\"></span>el<span class=\"_ _348\"> </span>set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re agr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>-al<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>re o<span class=\"_ _1\"></span>rga<span class=\"_ _1\"></span>niz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so il q<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tie<span class=\"_ _1\"></span>re di R<span class=\"_ _1\"></span>ho, ch<span class=\"_ _1\"></span>e vie<span class=\"_ _1\"></span>ne, di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato al<span class=\"_ _1\"></span>la da<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>del 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 202<span class=\"_ _1\"></span>2 fra l<span class=\"_ _1\"></span>e At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 d<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tina<span class=\"_ _1\"></span>te alla ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>. Al fi<span class=\"_ _1\"></span>ne di d<span class=\"_ _1\"></span>are e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e all\u2019oper<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e \u00e8 prev<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta la<span class=\"_ _348\"> </span>sot<span class=\"_ _1\"></span>tos<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n aum<span class=\"_ _1\"></span>ento di c<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>n Fie<span class=\"_ _1\"></span>re di Par<span class=\"_ _1\"></span>ma r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vato a Fie<span class=\"_ _1\"></span>ra Mil<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o SpA ch<span class=\"_ _1\"></span>e, a pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>fez<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>opera<span class=\"_ _1\"></span>zione, deterr\u00e0 una partecipazione pari al 1<span class=\"_ _6\"></span>8,5<span class=\"_ _0\"></span>% nel capitale sociale di Fiere di<span class=\"_ _0\"></span> Parma.<span class=\"_ _348\"> </span>Att<span class=\"_ _1\"></span>raver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o la su<span class=\"_ _1\"></span>dde<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne le Pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti s<span class=\"_ _1\"></span>i po<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no l\u2019<span class=\"_ _0\"></span>obi<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo d<span class=\"_ _1\"></span>i cre<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e una nu<span class=\"_ _1\"></span>ova pia<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>afo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>a fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>mult<span class=\"_ _1\"></span>ipo<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuit<span class=\"_ _1\"></span>a da \u201c<span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ut<span class=\"_ _1\"></span>tofo<span class=\"_ _1\"></span>od p<span class=\"_ _1\"></span>owere<span class=\"_ _1\"></span>d by Cibu<span class=\"_ _1\"></span>s\u201d a Mila<span class=\"_ _1\"></span>no, ch<span class=\"_ _1\"></span>e si po<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>\u00e0 co<span class=\"_ _1\"></span>me evento di m<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>inter<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ale c<span class=\"_ _1\"></span>he, ol<span class=\"_ _1\"></span>tre a s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>re la fil<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>a do<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>, sia d<span class=\"_ _1\"></span>a rif<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto pe<span class=\"_ _1\"></span>r un<span class=\"_ _1\"></span>a pla<span class=\"_ _1\"></span>tea e<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>sit<span class=\"_ _1\"></span>iva pr<span class=\"_ _1\"></span>ovenie<span class=\"_ _1\"></span>nte<span class=\"_ _348\"> </span>da tutti i P<span class=\"_ _0\"></span>aesi leader nelle produzioni agroalimentari, competendo cos\u00ec con le<span class=\"_ _0\"></span> omologhe manifesta<span class=\"_ _1\"></span>zioni europee,<span class=\"_ _348\"> </span>e da \"Cibu<span class=\"_ _1\"></span>s\" a Parma<span class=\"_ _1\"></span>, even<span class=\"_ _1\"></span>to ico<span class=\"_ _1\"></span>nic<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r il Ma<span class=\"_ _1\"></span>de In It<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>y alim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re di e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a e pe<span class=\"_ _1\"></span>r i su<span class=\"_ _1\"></span>oi ter<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i. Gr<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zie a<span class=\"_ _1\"></span>lle<span class=\"_ _348\"> </span>sin<span class=\"_ _1\"></span>erg<span class=\"_ _1\"></span>ie tr<span class=\"_ _1\"></span>a Fie<span class=\"_ _1\"></span>ra Mi<span class=\"_ _1\"></span>lan<span class=\"_ _1\"></span>o SpA e Fi<span class=\"_ _1\"></span>ere d<span class=\"_ _1\"></span>i Par<span class=\"_ _1\"></span>ma le d<span class=\"_ _1\"></span>ue ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni s<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o in gr<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>o di sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>re il p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto of<span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do un s<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to str<span class=\"_ _1\"></span>ateg<span class=\"_ _1\"></span>ico e p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nte al M<span class=\"_ _1\"></span>ade i<span class=\"_ _1\"></span>n Ita<span class=\"_ _1\"></span>ly ag<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>-a<span class=\"_ _1\"></span>lime<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>are e, i<span class=\"_ _1\"></span>n ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>e,<span class=\"_ _348\"> </span>al sist<span class=\"_ _0\"></span>ema Itali<span class=\"_ _0\"></span>a.<span class=\"_ _348\"> </span>Ai s<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si de<span class=\"_ _1\"></span>ll\u2019IFRS 5 \u201c<span class=\"_ _0\"></span>At<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te\u201d<span class=\"_ _6\"></span>, le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>ope<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tive po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r la ve<span class=\"_ _1\"></span>ndi<span class=\"_ _1\"></span>ta s<span class=\"_ _1\"></span>ono s<span class=\"_ _1\"></span>tate r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>ate me<span class=\"_ _1\"></span>dia<span class=\"_ _1\"></span>nte l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne in u<span class=\"_ _1\"></span>n uni<span class=\"_ _1\"></span>co im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>conto economico alla v<span class=\"_ _0\"></span>oce \u201cRisultato netto dell\u2019<span class=\"_ _6\"></span>esercizio delle attivit\u00e0 destinate<span class=\"_ _0\"></span> alla vendita<span class=\"_ _0\"></span>\u201d<span class=\"_ _6\"></span>, mentre i v<span class=\"_ _0\"></span>alori<span class=\"_ _348\"> </span>patrimoniali sono rappresentati nelle righe \u201c<span class=\"_ _6\"></span>Attivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _0\"></span> e \u201cPassivit\u00e0 destinate alla<span class=\"_ _0\"></span> vendita\u201d<span class=\"_ _348\"> <span class=\"_ _348\"> </span></span><span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "T<span class=\"_ _6\"></span>ransazioni relative a<span class=\"_ _6\"></span> quote di minoranza<span class=\"_ _348\"> </span>Le mo<span class=\"_ _1\"></span>difi<span class=\"_ _1\"></span>che n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a quo<span class=\"_ _1\"></span>ta di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza d<span class=\"_ _1\"></span>i una c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>he n<span class=\"_ _1\"></span>on co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuis<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no un<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>ta di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trol<span class=\"_ _1\"></span>lo so<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>tra<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome <span class=\"ff12 ls49 ws15a\">e<span class=\"_ _1\"></span>quit<span class=\"_ _1\"></span>y tra<span class=\"_ _1\"></span>nsa<span class=\"_ _1\"></span>ction</span>. P<span class=\"_ _0\"></span>er<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>nto, pe<span class=\"_ _1\"></span>r acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>ti su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vi all<span class=\"_ _1\"></span>a pre<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a di co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo l\u2019<span class=\"_ _0\"></span>event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>pos<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>va o neg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va tra il c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to di acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e la co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte quo<span class=\"_ _1\"></span>ta di p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e \u00e8 ril<span class=\"_ _1\"></span>evata<span class=\"_ _348\"> </span>dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te nel p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po, pe<span class=\"_ _1\"></span>r ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate se<span class=\"_ _1\"></span>nza p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>le pl<span class=\"_ _1\"></span>usval<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abi<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ta di<span class=\"_ _1\"></span>ret<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente n<span class=\"_ _1\"></span>el pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Nel c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i le ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>li di c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>oll<span class=\"_ _1\"></span>ate dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>inin<span class=\"_ _1\"></span>o la p<span class=\"_ _1\"></span>erd<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>roll<span class=\"_ _1\"></span>o, la pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tec<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>\u00e8 adeguata al relativ<span class=\"_ _0\"></span>o <span class=\"ff12 ls3 ws38\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> e la rivalutazione concorre alla formazione della plusvalenza (<span class=\"_ _0\"></span>minusvalenza)<span class=\"_ _348\"> </span>derivante dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>ope<span class=\"_ _1\"></span>razione.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithNoncontrollingInterestsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Immobilizzazioni materiali Immobili, impianti e macchinari Gli immobili, impianti e macchinari sono iscritti in bilancio al costo di acquisto o di produzione, comprensivo degli oneri di diretta imputazione, e rettificati dai rispettivi ammortamenti e delle perdite di valore cumulate. Le immobilizzazioni materiali sono sistematicamente ammortizzate in ogni esercizio a quote costanti, sulla base di aliquote economico-tecniche determinate in relazione alle residue possibilit\u00e0 di utilizzo dei cespiti. I costi di manutenzione aventi natura ordinaria sono addebitati a conto economico al momento del loro sostenimento. I costi di sostituzione di componenti identificabili di beni complessi sono imputati all\u2019attivo patrimoniale e ammortizzati lungo la loro vita utile; il valore di iscrizione residuo della componente oggetto di sostituzione \u00e8 imputato a conto economico. Le migliorie su beni di terzi sono classificate negli immobili, impianti e macchinari in base alla natura del costo sostenuto; il periodo di ammortamento corrisponde al minore tra la vita utile residua dell\u2019immobilizzazione materiale e la durata residua del contratto di locazione. Le aliquote di ammortamento applicate sono quelle di seguito riportate: \u2022  Mobili e macchine d\u2019ufficio  12% \u2022  Mobili e attrezzature fieristiche  27% \u2022  Elementi per stand a noleggio  40% \u2022  Beni in metallo destinati al noleggio  13,5% \u2022  Macchine, apparecchiature ed attrezzature varie  15% \u2022  Autovetture 25% \u2022  Macchine elettroniche  20% \u2022  Impianti e macchinari  10% \u2022  Impianti telefonici   20% \u2022  Impianti d\u2019allarme  30% \u2022  Arredi 10%-12% Rispetto all\u2019esercizio precedente non vi sono cambiamenti di aliquote. Se vi sono indicatori di svalutazione le immobilizzazioni materiali sono assoggettate a una verifica di recuperabilit\u00e0 (impairment test) attraverso il procedimento illustrato nel paragrafo \u201cPerdita di valore delle attivit\u00e0\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Immobilizzazioni immateriali<span class=\"_ _348\"> </span>Un\u2019<span class=\"_ _6\"></span>attivit\u00e0 immateriale viene rilev<span class=\"_ _0\"></span>ata contabilmente solo se \u00e8<span class=\"_ _0\"></span> identificabile e controllabile,<span class=\"_ _0\"></span> \u00e8 prevedibile<span class=\"_ _0\"></span> che generi<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>ci f<span class=\"_ _1\"></span>utur<span class=\"_ _1\"></span>i e<span class=\"_ _1\"></span>d il su<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile.<span class=\"_ _348\"> </span>Avviamenti e attivit\u00e0 immateriali a<span class=\"_ _6\"></span> vit<span class=\"_ _1\"></span>a non<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante da o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i <span class=\"ff12 ls6 ws197\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 wscd\"> \u00e8 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span></span></span>acquisizione, come indicat<span class=\"_ _0\"></span>o al precedente paragrafo \u201c<span class=\"ff12 ls6 ws2e\">business combinat<span class=\"_ _0\"></span>ion<span class=\"ff6 ls3 ws12d\">\u201d e allo<span class=\"_ _1\"></span>cato, ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>ll\u2019</span><span class=\"ls39 ws92\">impairment<span class=\"ff6 ls3 ws3\"> </span></span></span>test,<span class=\"ff6 ls3 ws222\"> a<span class=\"_ _1\"></span>lle </span><span class=\"ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws222\"> (o gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>pi di <span class=\"ff12 ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"ff6 ls7 ws223\">)<span class=\"_ _0\"></span> che beneficiano delle sinergie consentite<span class=\"_ _348\"> </span></span></span></span></span>dall\u2019<span class=\"_ _6\"></span>acquisizione che lo hanno<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato<span class=\"_ _0\"></span>. Dopo l\u2019<span class=\"_ _6\"></span>isc<span class=\"_ _1\"></span>rizione iniziale<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _6\"></span>avviamento viene valutato<span class=\"_ _0\"></span> al costo diminuit<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>le event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>a ana<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di <span class=\"ff12 ls38 ws13b\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t</span> (vedi pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo \u201cPe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d<span class=\"_ _1\"></span>). Un\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>ndo n<span class=\"_ _1\"></span>on \u00e8 p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e un lim<span class=\"_ _1\"></span>ite<span class=\"_ _348\"> </span>all\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le si r<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e che l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. Le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, non so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>Attivit\u00e0 immateriali a vita definita<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ta so<span class=\"_ _1\"></span>no val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al c<span class=\"_ _1\"></span>osto d<span class=\"_ _1\"></span>i acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to o di pro<span class=\"_ _1\"></span>duz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e, co<span class=\"_ _1\"></span>mpr<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sivo de<span class=\"_ _1\"></span>gli eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li<span class=\"_ _348\"> </span>one<span class=\"_ _1\"></span>ri a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri, e<span class=\"_ _1\"></span>d am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te a quote c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>tan<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lla lo<span class=\"_ _1\"></span>ro p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>futu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>. Se v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ind<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>i di svalu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se so<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate a un<span class=\"_ _1\"></span>a veri<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>a di re<span class=\"_ _1\"></span>cup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ab<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 (<span class=\"ff12 ls39 ws92\">im<span class=\"_ _1\"></span>pairment<span class=\"_ _348\"> </span></span>test<span class=\"ff6 ls3 ws3\">) c<span class=\"_ _1\"></span>he \u00e8 ill<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta ne<span class=\"_ _1\"></span>l pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>raf<span class=\"_ _1\"></span>o \u201cPer<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>elle a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0\u201d<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span></span>A par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _0\"></span>ul<span class=\"_ _1\"></span>timo t<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 i m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he (<span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>si co<span class=\"_ _1\"></span>me li<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>i, lis<span class=\"_ _1\"></span>ta v<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>tato<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>e lo st<span class=\"_ _0\"></span>ess<span class=\"_ _1\"></span>o marchio della manifestazione) sono stati<span class=\"_ _0\"></span> riclas<span class=\"_ _1\"></span>sificati unitamente alle t<span class=\"_ _0\"></span>estate editoriali dalla cat<span class=\"_ _0\"></span>egoria<span class=\"_ _348\"> </span>av<span class=\"_ _1\"></span>via<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 a vit<span class=\"_ _1\"></span>a no<span class=\"_ _1\"></span>n defin<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a alla c<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>ria a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali a v<span class=\"_ _1\"></span>ita d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>a sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le si b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>ava<span class=\"_ _348\"> </span>sulla considera<span class=\"_ _1\"></span>zione che i<span class=\"_ _0\"></span> busines<span class=\"_ _1\"></span>s<span class=\"ff12 ls3 ws3\"> <span class=\"_ _6\"></span><span class=\"ff6 ls39 wse9\">sott<span class=\"_ _0\"></span>ostanti a<span class=\"_ _0\"></span> tali <span class=\"ff12 ls3a wsca\">asset<span class=\"_ _6\"></span><span class=\"ff6 ls3 wsd3\">, vale a di<span class=\"_ _1\"></span>re le m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he e le p<span class=\"_ _1\"></span>ubb<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span></span></span></span></span>spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>aliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate, s<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>riz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>avano c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e non p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sib<span class=\"_ _1\"></span>ili di u<span class=\"_ _1\"></span>na valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>irc<span class=\"_ _1\"></span>a la lo<span class=\"_ _1\"></span>ro du<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>In so<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, a<span class=\"_ _1\"></span>l mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto del<span class=\"_ _1\"></span>la sc<span class=\"_ _1\"></span>el<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>le, no<span class=\"_ _1\"></span>n er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>si fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tori n<span class=\"_ _1\"></span>\u00e9 di c<span class=\"_ _1\"></span>ara<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tere e<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, nor<span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>ivo o<span class=\"_ _348\"> </span>le<span class=\"_ _1\"></span>gal<span class=\"_ _1\"></span>e, n\u00e9 di c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>e spe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>o del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ntit<span class=\"_ _1\"></span>\u00e0 o de<span class=\"_ _1\"></span>l set<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>re di r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to di que<span class=\"_ _1\"></span>sti i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ngi<span class=\"_ _1\"></span>bili, t<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nse<span class=\"_ _1\"></span>nti<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>fis<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>re un li<span class=\"_ _1\"></span>mite p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e al p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i net<span class=\"_ _1\"></span>ti i<span class=\"_ _1\"></span>n en<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>In effetti, l\u2019<span class=\"_ _6\"></span>evol<span class=\"_ _0\"></span>uzione dei mercati nazionali ed internazionali in genere, unitamente al<span class=\"_ _0\"></span>le dinamiche competitive<span class=\"_ _0\"></span> interne dei settori di riferimento<span class=\"_ _0\"></span> delle manifestazioni fieris<span class=\"_ _1\"></span>tiche e delle<span class=\"_ _0\"></span> pubblica<span class=\"_ _1\"></span>zioni specializzate, hanno suggerito<span class=\"_ _348\"> </span>di sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>re a ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca i p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sup<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti in<span class=\"_ _1\"></span>izia<span class=\"_ _1\"></span>lme<span class=\"_ _1\"></span>nte co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ti. L<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>nclu<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>ui si \u00e8 p<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>venu<span class=\"_ _1\"></span>ti, an<span class=\"_ _1\"></span>che a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>trave<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>una c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne co<span class=\"_ _1\"></span>n le p<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i adot<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate da<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>ri it<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>i e str<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>i, \u00e8 di st<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>re un<span class=\"_ _1\"></span>a vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i a 20 anni n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ral<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>i, sia p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he c<span class=\"_ _1\"></span>he pe<span class=\"_ _1\"></span>r le te<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate ed<span class=\"_ _1\"></span>itor<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Inol<span class=\"_ _1\"></span>tre, q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i con<span class=\"_ _1\"></span>dot<span class=\"_ _1\"></span>te ha<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o mos<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ato pe<span class=\"_ _1\"></span>r al<span class=\"_ _1\"></span>cuni i<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>ibili u<span class=\"_ _1\"></span>n livel<span class=\"_ _1\"></span>lo di in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tez<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a ma<span class=\"_ _1\"></span>ggi<span class=\"_ _1\"></span>ore n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>stim<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>o<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>zzo<span class=\"_ _1\"></span>nte tem<span class=\"_ _1\"></span>por<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e di ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto, la vi<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tile \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ta pa<span class=\"_ _1\"></span>ri a 10 anni.<span class=\"_ _348\"> </span>Per<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to, le aliq<span class=\"_ _1\"></span>uote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento a<span class=\"_ _1\"></span>ppl<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ate:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i fie<span class=\"_ _1\"></span>ris<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he <span class=\"_ _204\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Al<span class=\"_ _1\"></span>tri m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi e T<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate e<span class=\"_ _1\"></span>ditor<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li <span class=\"_ _205\"> </span>5<span class=\"_ _0\"></span>% o 1<span class=\"_ _0\"></span>0%<span class=\"_ _348\"> </span></span>Ris<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tto a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte non v<span class=\"_ _1\"></span>i so<span class=\"_ _1\"></span>no ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>iam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti di al<span class=\"_ _1\"></span>iqu<span class=\"_ _1\"></span>ote.<span class=\"_ _348\"> </span>I dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti di b<span class=\"_ _1\"></span>revet<span class=\"_ _1\"></span>to in<span class=\"_ _1\"></span>dus<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>ale e i d<span class=\"_ _1\"></span>iri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti di u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>ll\u2019inge<span class=\"_ _1\"></span>gno, le li<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>nze e le c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do d<span class=\"_ _1\"></span>a tre a di<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>i ann<span class=\"_ _1\"></span>i a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tir<span class=\"_ _1\"></span>e da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o di so<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti di r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>a ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o add<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti a co<span class=\"_ _1\"></span>nto e<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do s<span class=\"_ _1\"></span>oste<span class=\"_ _1\"></span>nut<span class=\"_ _1\"></span>i. In os<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>van<span class=\"_ _1\"></span>za d<span class=\"_ _1\"></span>ello I<span class=\"_ _1\"></span>AS 38 i c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti di<span class=\"_ _348\"> </span>svilu<span class=\"_ _1\"></span>ppo r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tivi a s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fici p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti, i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>uso i<span class=\"_ _1\"></span>l lan<span class=\"_ _1\"></span>cio d<span class=\"_ _1\"></span>i nuove ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ca<span class=\"_ _1\"></span>pit<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>zat<span class=\"_ _1\"></span>i qua<span class=\"_ _1\"></span>ndo i<span class=\"_ _1\"></span>l lor<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>cio f<span class=\"_ _1\"></span>utu<span class=\"_ _1\"></span>ro \u00e8 ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>evolme<span class=\"_ _1\"></span>nte c<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>to e il l<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>o cos<span class=\"_ _1\"></span>to pu\u00f2 e<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>mina<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile e<span class=\"_ _1\"></span>d<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>ti pe<span class=\"_ _1\"></span>r il p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o in cu<span class=\"_ _1\"></span>i i be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i si m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>l me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to. Il valor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>di ca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>co de<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>sti v<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>ne ri<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>inato a<span class=\"_ _1\"></span>lla c<span class=\"_ _1\"></span>hiu<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio, o co<span class=\"_ _1\"></span>n ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za p<span class=\"_ _1\"></span>i\u00f9 rav<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ici<span class=\"_ _1\"></span>nat<span class=\"_ _1\"></span>a se pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ico<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ri<span class=\"_ _348\"> </span>rag<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ono, p<span class=\"_ _1\"></span>er l\u2019<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>nali<span class=\"_ _1\"></span>si di c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>gr<span class=\"_ _1\"></span>uit<span class=\"_ _1\"></span>\u00e0 ai fin<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>leva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di<span class=\"_ _348\"> </span>val<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Avviamenti e attivit\u00e0 immateriali a<span class=\"_ _6\"></span> vit<span class=\"_ _1\"></span>a non<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019avvi<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vante da o<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni d<span class=\"_ _1\"></span>i <span class=\"ff12 ls6 ws197\">business combination<span class=\"_ _0\"></span><span class=\"ff6 ls3 wscd\"> \u00e8 iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te isc<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to al co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di<span class=\"_ _348\"> </span></span></span>acquisizione, come indicat<span class=\"_ _0\"></span>o al precedente paragrafo \u201c<span class=\"ff12 ls6 ws2e\">business combinat<span class=\"_ _0\"></span>ion<span class=\"ff6 ls3 ws12d\">\u201d e allo<span class=\"_ _1\"></span>cato, ai fi<span class=\"_ _1\"></span>ni de<span class=\"_ _1\"></span>ll\u2019</span><span class=\"ls39 ws92\">impairment<span class=\"ff6 ls3 ws3\"> </span></span></span>test,<span class=\"ff6 ls3 ws222\"> a<span class=\"_ _1\"></span>lle </span><span class=\"ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"_ _6\"></span><span class=\"ff6 ls3 ws222\"> (o gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>pi di <span class=\"ff12 ls8 ws21f\">cash-generating<span class=\"_ _0\"></span> unit<span class=\"ff6 ls7 ws223\">)<span class=\"_ _0\"></span> che beneficiano delle sinergie consentite<span class=\"_ _348\"> </span></span></span></span></span>dall\u2019<span class=\"_ _6\"></span>acquisizione che lo hanno<span class=\"_ _0\"></span> gener<span class=\"_ _1\"></span>ato<span class=\"_ _0\"></span>. Dopo l\u2019<span class=\"_ _6\"></span>isc<span class=\"_ _1\"></span>rizione iniziale<span class=\"_ _0\"></span>, l\u2019<span class=\"_ _6\"></span>avviamento viene valutato<span class=\"_ _0\"></span> al costo diminuit<span class=\"_ _0\"></span>o<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>le event<span class=\"_ _1\"></span>ual<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>rdite d<span class=\"_ _1\"></span>i valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>vanti d<span class=\"_ _1\"></span>a ana<span class=\"_ _1\"></span>lis<span class=\"_ _1\"></span>i di <span class=\"ff12 ls38 ws13b\">im<span class=\"_ _1\"></span>pa<span class=\"_ _1\"></span>irm<span class=\"_ _1\"></span>ent tes<span class=\"_ _1\"></span>t</span> (vedi pa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>fo \u201cPe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>a di val<span class=\"_ _1\"></span>ore d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0\u201d<span class=\"_ _1\"></span>). Un\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>le vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a qua<span class=\"_ _1\"></span>ndo n<span class=\"_ _1\"></span>on \u00e8 p<span class=\"_ _1\"></span>reved<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>e un lim<span class=\"_ _1\"></span>ite<span class=\"_ _348\"> </span>all\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o fino a<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le si r<span class=\"_ _1\"></span>iti<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e che l\u2019attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a ge<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e flus<span class=\"_ _1\"></span>si fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri i<span class=\"_ _1\"></span>n ent<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po. Le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>imm<span class=\"_ _1\"></span>ater<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>li a vit<span class=\"_ _1\"></span>a uti<span class=\"_ _1\"></span>le no<span class=\"_ _1\"></span>n defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to, non so<span class=\"_ _1\"></span>no s<span class=\"_ _1\"></span>ogg<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te ad a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Attivit\u00e0 immateriali a vita definita Le attivit\u00e0 immateriali a vita definita sono valutate al costo di acquisto o di produzione, comprensivo degli eventuali oneri accessori, ed ammortizzate sistematicamente a quote costanti per il periodo della loro prevista utilit\u00e0 futura. Se vi sono indicatori di svalutazione esse sono assoggettate a una verifica di recuperabilit\u00e0 (impairment test) che \u00e8 illustrata nel paragrafo \u201cPerdita di valore delle attivit\u00e0\u201d. A partire dall\u2019ultimo trimestre 2008 i marchi di manifestazioni fieristiche (intesi come lista espositori, lista visitatori e lo stesso marchio della manifestazione) sono stati riclassificati unitamente alle testate editoriali dalla categoria avviamenti e attivit\u00e0 a vita non definita alla categoria attivit\u00e0 immateriali a vita definita. La scelta iniziale si basava sulla considerazione che i business sottostanti a tali asset, vale a dire le manifestazioni fieristiche e le pubblicazioni specializzate, si caratterizzavano come non passibili di una valutazione precisa circa la loro durata nel tempo. In sostanza, al momento della scelta iniziale, non erano emersi fattori n\u00e9 di carattere economico, normativo o legale, n\u00e9 di carattere specifico dell\u2019entit\u00e0 o del settore di riferimento di questi intangibili, tali da consentire di fissare un limite prevedibile al periodo di generazione dei flussi finanziari netti in entrata. In effetti, l\u2019evoluzione dei mercati nazionali ed internazionali in genere, unitamente alle dinamiche competitive interne dei settori di riferimento delle manifestazioni fieristiche e delle pubblicazioni specializzate, hanno suggerito di sottoporre a verifica i presupposti inizialmente considerati. La conclusione cui si \u00e8 pervenuti, anche attraverso una comparazione con le prassi adottate dai principali competitori italiani e stranieri, \u00e8 di stimare una vita utile definita, pari a 20 anni nella generalit\u00e0 dei casi, sia per le manifestazioni fieristiche che per le testate editoriali. Inoltre, quando le analisi condotte hanno mostrato per alcuni intangibili un livello di incertezza maggiore nella stima dell\u2019orizzonte temporale di riferimento, la vita utile \u00e8 stata considerata pari a 10 anni. Pertanto, le aliquote di ammortamento applicate sono quelle di seguito riportate: \u2022  Marchi di manifestazioni fieristiche  5% o 10% \u2022  Altri marchi e Testate editoriali  5% o 10% Rispetto all\u2019esercizio precedente non vi sono cambiamenti di aliquote. I diritti di brevetto industriale e i diritti di utilizzazione delle opere dell\u2019ingegno, le licenze e le concessioni sono ammortizzati su un periodo da tre a dieci anni a partire da quello di sostenimento. I costi di ricerca vengono addebitati a conto economico quando sostenuti. In osservanza dello IAS 38 i costi di sviluppo relativi a specifici progetti, incluso il lancio di nuove manifestazioni, vengono capitalizzati quando il loro beneficio futuro \u00e8 ritenuto ragionevolmente certo e il loro costo pu\u00f2 essere determinato in modo attendibile ed ammortizzati per il periodo in cui i benefici futuri attesi si manifesteranno a fronte del medesimo progetto. Il valore di carico dei costi viene riesaminato alla chiusura dell\u2019esercizio, o con cadenza pi\u00f9 ravvicinata se particolari ragioni lo richiedono, per l\u2019effettuazione di un\u2019analisi di congruit\u00e0 ai fini della rilevazione di eventuali perdite di valore. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "Perdita di valore delle attivit\u00e0 L\u2019avviamento e le altre attivit\u00e0 immateriali a vita non definita sono sottoposti a una sistematica verifica di recuperabilit\u00e0 (impairment test) effettuata alla data di chiusura dell\u2019esercizio, o con cadenze pi\u00f9 brevi, qualora emergano indicatori di perdite di valore. Le attivit\u00e0 materiali e le attivit\u00e0 immateriali a vita definita, oggetto di ammortamento, sono sottoposte a impairment test solo qualora emergano indicatori di perdite di valore. La recuperabilit\u00e0 dei valori iscritti \u00e8 verificata confrontando il valore contabile iscritto in bilancio con il maggiore tra il prezzo netto di vendita e il valore d\u2019uso del bene. Il prezzo netto di vendita \u00e8 l\u2019importo ottenibile dalla vendita di un\u2019attivit\u00e0 in una operazione fra parti indipendenti, consapevoli e disponibili, dedotti i costi di dismissione; in assenza di accordi vincolanti occorre riferirsi alle quotazioni espresse da un mercato attivo, ovvero alle migliori informazioni disponibili tenuto conto, tra l\u2019altro, delle recenti transazioni per attivit\u00e0 simili effettuate nel medesimo settore economico. Il valore d\u2019uso \u00e8 definito sulla base dell\u2019attualizzazione ad un tasso espressivo del costo medio ponderato del capitale di un\u2019impresa con profilo di rischio e di indebitamento omogeneo, dei flussi di cassa attesi dall\u2019utilizzo del bene (o da una aggregazione di beni \u2013 le c.d. cash generating unit) e dalla sua dismissione al termine della sua vita utile. Quando successivamente, una perdita su attivit\u00e0, diversa dall\u2019avviamento, viene meno o si riduce, il valore  contabile dell\u2019attivit\u00e0 \u00e8 incrementato sino alla nuova stima del valore recuperabile e non pu\u00f2 eccedere il valore  che sarebbe stato determinato se non fosse stata rilevata alcuna perdita per riduzioni di valore. Il ripristino di una  perdita di valore, diversa dall\u2019avviamento, \u00e8 iscritto a conto economico. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Beni in leasing Un contratto \u00e8 un leasing, o contiene un leasing, se trasferisce la titolarit\u00e0 del diritto di controllare l\u2019utilizzo di uno  specifico asset, per un periodo di tempo, stabilito all\u2019origine, in cambio di un corrispettivo pattuito, definendone  le condizioni d\u2019uso dello stesso e anche se non esplicitato, il mantenimento della sua efficienza nel tempo. Con l\u2019adozione dell\u2019IFRS 16 la figura del Locatario subisce cambiamenti di rilievo; non \u00e8 pi\u00f9 tenuto a distinguere  tra leasing operativo e leasing finanziario, in quanto la distinzione tra le due tipologie \u00e8 superata dalla distinzione  tra contratto di leasing e contratto di servizi. Quindi se si tratta di leasing, a prescindere si applicher\u00e0 un unico  modello contabile indipendente dalle caratteristiche del contratto stesso. I Right Of Use pi\u00f9 significativi che si determinano nel Gruppo Fiera Milano in conseguenza dell\u2019applicazione de l  principio IFRS 16 non generano flussi di cassa indipendenti e dunque la verifica del loro valore recuperabile viene  effettuata esclusivamente nell\u2019ambito delle CGU di appartenenza. Controllo e identificabilit\u00e0 del bene Per stabilire che il bene in oggetto sia in leasing o si tratti di un contratto di servizio si tiene conto di due elementi  sostanziali: il controllo e l\u2019identificabilit\u00e0 del bene. Per quanto concerne il controllo questo riguarda la direzione da parte del locatario sull\u2019uso e l\u2019ottenimento di  benefici economici derivanti dall\u2019utilizzo del bene, identificato, oggetto del contratto. Per quanto riguarda invece  l\u2019identificabilit\u00e0  essa sussiste ogni qualvolta un  asset  pu\u00f2 essere identificato in  maniera univoca, a patto che non sia presente un diritto di sostituzione a favore del locatore lungo la durata del  contratto, al quale sarebbe consentito continuare ad avere il controllo del bene. Il Gruppo in veste di locatario Il Gruppo adotta un unico modello di riconoscimento e misurazione per tutti i leasing, eccetto per i leasing di  breve termine ed i leasing di beni di modico valore. Il Gruppo riconosce le passivit\u00e0 relative ai pagamenti del  leasing e l\u2019attivit\u00e0 per diritto d\u2019uso che rappresenta il diritto ad utilizzare il bene sottostante il contratto. i) Attivit\u00e0 per diritto d\u2019uso Il Gruppo riconosce le attivit\u00e0 per il diritto d\u2019uso alla data di inizio del leasing (cio\u00e8 la data in cui l\u2019attivit\u00e0 sottostante  \u00e8 disponibile per l\u2019uso). Le attivit\u00e0 per il diritto d\u2019uso sono misurate al costo, al netto degli ammortamenti  accumulati e delle perdite di valore, e rettificati per qualsiasi rimisurazione delle passivit\u00e0 di leasing. Il costo delle  attivit\u00e0 per il diritto d\u2019uso comprende l\u2019ammontare delle passivit\u00e0 di leasing rilevate, i costi diretti iniziali sostenuti  e i pagamenti di leasing effettuati alla data di decorrenza o prima dell\u2019inizio al netto di tutti gli eventuali incentivi  ricevuti. Le attivit\u00e0 per diritto d\u2019uso sono ammortizzate in quote costanti dalla data di decorrenza alla fine della  vita utile dell\u2019attivit\u00e0 consistente nel diritto di utilizzo o, se anteriore, al termine della durata del leasing, come  segue: \u2022  Immobili strumentali  da 1 a 12 anni \u2022  Parco auto  da 1 a 4 anni Se il leasing trasferisce la propriet\u00e0 dell\u2019attivit\u00e0 sottostante al locatario al termine della durata del leasing o se il  costo dell\u2019attivit\u00e0 consistente nel diritto di utilizzo riflette il fatto che il locatario eserciter\u00e0 l\u2019opzione di acquisto, il  locatario deve ammortizzare l\u2019attivit\u00e0 consistente nel diritto d\u2019uso dalla data di decorrenza fino alla fine della vita  utile dell\u2019attivit\u00e0 sottostante.  Le attivit\u00e0 per il diritto d\u2019uso sono soggette a Impairment. Si rinvia a quanto indicato al paragrafo 1.6 \u201cUso di  stime\u201d. ii) Passivit\u00e0 legate al leasing Alla data di decorrenza del leasing, il Gruppo rileva le passivit\u00e0 di leasing misurandole al valore attuale dei  pagamenti dovuti per il leasing non ancora versati a tale data. I pagamenti dovuti includono i pagamenti fissi  (compresi i pagamenti fissi nella sostanza) al netto di eventuali incentivi al leasing da ricevere, i pagamenti  variabili di leasing che dipendono da un indice o un tasso, e gli importi che si prevede dovranno essere pagati a  titolo di garanzie del valore residuo. I pagamenti del leasing includono anche il prezzo di esercizio di un\u2019opzione  di acquisto se si \u00e8 ragionevolmente certi che tale opzione sar\u00e0 esercitata dal Gruppo e i pagamenti di penalit\u00e0  di risoluzione del leasing, se la durata del leasing tiene conto dell\u2019esercizio da parte del Gruppo dell\u2019opzione di  risoluzione del leasing stesso. I pagamenti di leasing variabili che non dipendono da un indice o da un tasso vengono rilevati come costi  nel periodo (salvo che non siano stati sostenuti per la produzione di rimanenze) in cui si verifica l\u2019evento o la  condizione che ha generato il pagamento. Nel calcolo del valore attuale dei pagamenti dovuti, il Gruppo usa il tasso di finanziamento marginale alla data  di inizio se il tasso d\u2019interesse implicito non \u00e8 determinabile facilmente. Dopo la data di decorrenza, l\u2019importo  della passivit\u00e0 del leasing si incrementa per tener conto degli interessi sulla passivit\u00e0 del leasing e diminuisce  per considerare i pagamenti effettuati. Inoltre, il valore contabile dei debiti per leasing \u00e8 rideterminato nel caso  di eventuali modifiche del leasing o per la revisione dei termini contrattuali per la modifica dei pagamenti; \u00e8  rideterminato, altres\u00ec, in presenza di modifiche in merito alla valutazione dell\u2019opzione dell\u2019acquisto dell\u2019attivit\u00e0  sottostante o per variazioni dei pagamenti futuri che deriva da una modifica dell\u2019indice o del tasso utilizzato per  determinare tali pagamenti. iii) Leasing di breve durata e leasing di attivit\u00e0 a modesto valore Il Gruppo applica l\u2019esenzione per la rilevazione di leasing di breve durata relativi ai macchinari ed attrezzature (i.e.,  i leasing che hanno una durata di 12 mesi o inferiore dalla data di inizio e non contengono un\u2019opzione di acquisto).  Il Gruppo ha applicato inoltre l\u2019esenzione per i leasing relativi ad attivit\u00e0 a modesto valore in riferimento ai contratti  di leasing relativi ad apparecchiature per ufficio il cui valore \u00e8 considerato basso. I canoni relativi a leasing a breve  termine e a leasing di attivit\u00e0 a modesto valore sono rilevati come costi in quote costanti lungo la durata del leasing. Il Gruppo in veste di locatore I contratti di leasing che sostanzialmente lasciano in capo al Gruppo tutti i rischi e benefici legati alla propriet\u00e0 del  bene sono classificati come leasing operativi. I proventi da leasing derivanti da leasing operativi devono essere  rilevati in quote costanti lungo la durata del leasing, e sono inclusi tra ricavi nel conto economico data la loro  natura operativa. I costi iniziali di negoziazione sono aggiunti al valore contabile del bene locato e rilevati in base  alla durata del contratto sulla medesima base dei proventi da locazione. Affitti non preventivati sono rilevati come  ricavi nel periodo in cui maturano. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "<div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls8 wsb9 gs164\">Attivit\u00e0 finanziarie<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws42 gs165\">l\u2019IFRS 9 pr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>isp<span class=\"_ _1\"></span>one c<span class=\"_ _1\"></span>he qu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>ora s<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>fich<span class=\"_ _1\"></span>e opzio<span class=\"_ _1\"></span>ni no<span class=\"_ _1\"></span>n ven<span class=\"_ _1\"></span>gan<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ate, gli s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs166\">sull<span class=\"_ _1\"></span>a ba<span class=\"_ _1\"></span>se di e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>amb<span class=\"_ _1\"></span>i i se<span class=\"_ _1\"></span>gu<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i cri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>i:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs167\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Business Model definito dall\u2019<span class=\"_ _6\"></span>entit\u00e0 per la<span class=\"_ _0\"></span> gestione degli strumenti finanziari, e<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs168\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ca<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>stic<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>ei flu<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i di ca<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ali d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li str<span class=\"_ _1\"></span>um<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri.<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs169\">L<span class=\"_ _8\"></span>\u2019I<span class=\"_ _1\"></span>FRS 9 pr<span class=\"_ _1\"></span>evede t<span class=\"_ _1\"></span>re ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>ori<span class=\"_ _1\"></span>e di at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs16a\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsd6\">at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 d<span class=\"_ _1\"></span>eten<span class=\"_ _1\"></span>ute pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li (o Hel<span class=\"_ _1\"></span>d to Coll<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>t - Ht<span class=\"_ _1\"></span>C), valuta<span class=\"_ _1\"></span>te con il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span></span><span class=\"fc4 wsd6\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls44 ws8b gs16b\">costo ammortizzato<span class=\"_ _6\"></span>;<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls45 ws139 gs16c\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ws8b\">at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dete<span class=\"_ _1\"></span>nute s<span class=\"_ _1\"></span>ia pe<span class=\"_ _1\"></span>r ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>e i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li si<span class=\"_ _1\"></span>a pe<span class=\"_ _1\"></span>r es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te (o Both hel<span class=\"_ _1\"></span>d to col<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>ct a<span class=\"_ _1\"></span>nd<span class=\"_ _348\"> </span></span><span class=\"fc4 ws8b\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls45 ws3 gs16d\">for s<span class=\"_ _1\"></span>ale - H<span class=\"_ _1\"></span>tC&amp;S) val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>ate al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls3e wsa0\"> al conto economico (FV<span class=\"_ _1\"></span>TPL) o<span class=\"_ _0\"></span> conto economico complessiv<span class=\"_ _0\"></span>o (FVOCI)<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc0 sc0 ls3 ws3 gs16e\">\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 wsf1\">alt<span class=\"_ _1\"></span>ri st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ti al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls37 wsfc\"> al conto economico<span class=\"_ _0\"></span>. Detta categoria residuale pu\u00f2<span class=\"_ _0\"></span> comprendere<span class=\"_ _348\"> </span></span></span><span class=\"fc4 wsf1\"><span class=\"ls37 wsfc\"> </span></span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs16f\">tut<span class=\"_ _1\"></span>ti i B<span class=\"_ _1\"></span>usi<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ss Mo<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>l dive<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i da qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>i sop<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>ti.<span class=\"_ _348\"> </span></div>Le attivit\u00e0 finanziarie sono inizialmente<span class=\"_ _0\"></span> rilevat<span class=\"_ _0\"></span>e al <span class=\"ff12 ls3 ws1a3\">fai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span><span class=\"ls39 ws225\"> normalmente rappr<span class=\"_ _0\"></span>esentato<span class=\"_ _0\"></span> dal prezzo<span class=\"_ _0\"></span> della<span class=\"_ _348\"> </span></span>transa<span class=\"_ _1\"></span>zione, aumentato<span class=\"_ _0\"></span> degli oneri acces<span class=\"_ _1\"></span>sori all\u2019<span class=\"_ _6\"></span>acquisto stesso.<span class=\"_ _348\"> </span>Il cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato r<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>lta l<span class=\"_ _1\"></span>a migl<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne in b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite<span class=\"_ _348\"> </span>da tito<span class=\"_ _1\"></span>li di de<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>to e cre<span class=\"_ _1\"></span>diti, i<span class=\"_ _1\"></span>n qua<span class=\"_ _1\"></span>nto co<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ente di r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re gli i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si lu<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>o il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i dete<span class=\"_ _1\"></span>nzio<span class=\"_ _1\"></span>ne ne<span class=\"_ _1\"></span>l ri<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>del principio della competenza.<span class=\"_ _348\"> </span>Le valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ive al<span class=\"_ _1\"></span>la ril<span class=\"_ _1\"></span>eva<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne ini<span class=\"_ _1\"></span>zial<span class=\"_ _1\"></span>e veng<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>uate al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato o al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> e t<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>modalit\u00e0 vengono applicate i<span class=\"_ _0\"></span>n base alla categoria di appartenenza dello strumento finanziario considerato.<span class=\"_ _348\"> </span>Riguardo alla classifica<span class=\"_ _1\"></span>zione delle passivit\u00e0 finanziarie, l\u2019<span class=\"_ _0\"></span>IFRS 9<span class=\"_ _0\"></span> prevede la regola generale per cui un<span class=\"_ _6\"></span>\u2019<span class=\"_ _0\"></span>entit\u00e0<span class=\"_ _348\"> </span>valu<span class=\"_ _1\"></span>ta le p<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e al c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to amm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>iz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to usa<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>o il meto<span class=\"_ _1\"></span>do de<span class=\"_ _1\"></span>ll\u2019intere<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo (co<span class=\"_ _1\"></span>me ac<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>deva<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>te con l<span class=\"_ _1\"></span>o IAS 3<span class=\"_ _1\"></span>9). Rigu<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>do al<span class=\"_ _1\"></span>le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 mi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>, le eventua<span class=\"_ _1\"></span>li var<span class=\"_ _1\"></span>ia<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni<span class=\"_ _348\"> </span>di valore<span class=\"_ _0\"></span> sono imputate a cont<span class=\"_ _0\"></span>o economico par<span class=\"_ _1\"></span>tecipando, quindi,<span class=\"_ _0\"></span> alla determinazione del risultato d<span class=\"_ _0\"></span>\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>ercizio<span class=\"_ _0\"></span>;<span class=\"_ _348\"> </span>tuttavia, qualora tali variazioni siano determinate da<span class=\"_ _0\"></span> un cambiamento del <span class=\"ff12 ls9 ws5b\">credit<span class=\"_ _0\"></span> risk<span class=\"ff6 ls7 wsf1\"> l<span class=\"_ _0\"></span>\u2019imputazione delle v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span></span></span>del <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r va<span class=\"_ _1\"></span>lue</span><span class=\"ls7 ws34\"> av<span class=\"_ _1\"></span>viene a patrimonio netto<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span></span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>edu<span class=\"_ _1\"></span>te co<span class=\"_ _1\"></span>n l\u2019intento di ma<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>ner<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>ino a s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za s<span class=\"_ _1\"></span>ono c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ate fr<span class=\"_ _1\"></span>a le at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fin<span class=\"_ _1\"></span>anzi<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie<span class=\"_ _348\"> </span>cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e la sc<span class=\"_ _1\"></span>ad<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a \u00e8 inf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a dod<span class=\"_ _1\"></span>ici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i e non c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nti s<span class=\"_ _1\"></span>e sup<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e. So<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con i<span class=\"_ _1\"></span>l cr<span class=\"_ _1\"></span>iter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>amm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to. Que<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>\u2019ultimo \u00e8 d<span class=\"_ _1\"></span>eter<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>nato ut<span class=\"_ _1\"></span>iliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il me<span class=\"_ _1\"></span>todo d<span class=\"_ _1\"></span>el t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so di i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>se ef<span class=\"_ _7\"></span>fet<span class=\"_ _1\"></span>tivo, ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto di<span class=\"_ _348\"> </span>eventu<span class=\"_ _1\"></span>ali s<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti o pr<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>i al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to per r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>irli l<span class=\"_ _1\"></span>ung<span class=\"_ _1\"></span>o l\u2019intero p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>do di tem<span class=\"_ _1\"></span>po i<span class=\"_ _1\"></span>nterc<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>nte fin<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>alla s<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza<span class=\"_ _1\"></span>, di<span class=\"_ _1\"></span>minu<span class=\"_ _1\"></span>ito di even<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te di valo<span class=\"_ _1\"></span>re.<span class=\"_ _348\"> </span>I fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nti e c<span class=\"_ _1\"></span>red<span class=\"_ _1\"></span>iti s<span class=\"_ _1\"></span>ono va<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato sul<span class=\"_ _1\"></span>la ba<span class=\"_ _1\"></span>se d<span class=\"_ _1\"></span>el ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so ef<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>tivo di r<span class=\"_ _1\"></span>end<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto or<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>io<span class=\"_ _348\"> </span>dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _0\"></span> finanziaria.<span class=\"_ _0\"></span> Ad ogni<span class=\"_ _0\"></span> chiusura<span class=\"_ _0\"></span> di bil<span class=\"_ _0\"></span>ancio le<span class=\"_ _0\"></span> Societ\u00e0 appartenenti<span class=\"_ _0\"></span> al Gruppo v<span class=\"_ _6\"></span>alutano la recuperabil<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _348\"> </span>di ta<span class=\"_ _1\"></span>li cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ti ten<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>do co<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>i flus<span class=\"_ _1\"></span>si d<span class=\"_ _1\"></span>i ca<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 dis<span class=\"_ _1\"></span>pon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ven<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>te nell<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it\u00e0 n<span class=\"_ _1\"></span>on c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ren<span class=\"_ _1\"></span>ti, a me<span class=\"_ _1\"></span>no ch<span class=\"_ _1\"></span>e no<span class=\"_ _1\"></span>n si inte<span class=\"_ _1\"></span>nda<span class=\"_ _348\"> </span>dis<span class=\"_ _1\"></span>met<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rle e<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>o do<span class=\"_ _1\"></span>dici m<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i da<span class=\"_ _1\"></span>lla da<span class=\"_ _1\"></span>ta di b<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>nci<span class=\"_ _1\"></span>o, e valut<span class=\"_ _1\"></span>ate a<span class=\"_ _1\"></span>l <span class=\"ff12\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span>. Gli utili o l<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te ris<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>i da que<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ta<span class=\"_ _348\"> </span>valutazione sono rilevat<span class=\"_ _0\"></span>i nelle altre componenti del cont<span class=\"_ _0\"></span>o economico comples<span class=\"_ _1\"></span>sivo,<span class=\"_ _0\"></span> accumulate in<span class=\"_ _0\"></span> una specifica<span class=\"_ _348\"> </span>ris<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>va di pat<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o net<span class=\"_ _1\"></span>to fi<span class=\"_ _1\"></span>no a ch<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>se n<span class=\"_ _1\"></span>on so<span class=\"_ _1\"></span>no ven<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>te, rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>te o com<span class=\"_ _1\"></span>unq<span class=\"_ _1\"></span>ue c<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>te.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Partecipa<span class=\"_ _1\"></span>zioni<span class=\"_ _348\"> </span>Rientrano nell\u2019<span class=\"_ _6\"></span>ambito di applicazione delle norme sulla classificazione e misurazione del principio IFRS 9<span class=\"_ _0\"></span> le<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>tecipazioni aziona<span class=\"_ _1\"></span>rie escluse le interessenze azionarie in societ\u00e0 controllate<span class=\"_ _0\"></span>, collegate e a<span class=\"_ _0\"></span> controllo congiunto<span class=\"_ _348\"> </span>e der<span class=\"_ _1\"></span>ivat<span class=\"_ _1\"></span>i su di e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ch<span class=\"_ _1\"></span>e rie<span class=\"_ _1\"></span>ntr<span class=\"_ _1\"></span>ino n<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a defi<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>one di s<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>i cap<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>o IAS 32. In ta<span class=\"_ _1\"></span>le c<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e res<span class=\"_ _1\"></span>idu<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e le<span class=\"_ _348\"> </span>par<span class=\"_ _1\"></span>tecipazioni sono misurate al <span class=\"ff12 ls3 ws3\">fair va<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>ue<span class=\"ff6\"> co<span class=\"_ _1\"></span>n imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to a co<span class=\"_ _1\"></span>nto ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>omi<span class=\"_ _1\"></span>co.<span class=\"_ _348\"> </span></span></span>Le par<span class=\"_ _1\"></span>tecipazioni in societ\u00e0 collegate identificat<span class=\"_ _0\"></span>e come <span class=\"ff12 ls38 ws161\">joint ventu<span class=\"_ _1\"></span>re</span><span class=\"ls3 ws162\"> ven<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>no valu<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>te con il m<span class=\"_ _1\"></span>etod<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>l patr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span></span>netto che prev<span class=\"_ _0\"></span>ede la rilev<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zione in una<span class=\"_ _0\"></span> specific<span class=\"_ _1\"></span>a voce nel<span class=\"_ _0\"></span> prospet<span class=\"_ _1\"></span>to del risultato<span class=\"_ _0\"></span> economico comple<span class=\"_ _1\"></span>ssivo della<span class=\"_ _348\"> </span>quot<span class=\"_ _1\"></span>a di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ine<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o dei r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>ati de<span class=\"_ _1\"></span>lle s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>iet<span class=\"_ _1\"></span>\u00e0 sul<span class=\"_ _1\"></span>le qu<span class=\"_ _1\"></span>ali vi<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>e es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>ata u<span class=\"_ _1\"></span>na in<span class=\"_ _1\"></span>flue<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a notevole.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Rimanenze<span class=\"_ _348\"> </span>Le ri<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>nen<span class=\"_ _1\"></span>ze son<span class=\"_ _1\"></span>o valu<span class=\"_ _1\"></span>tate a<span class=\"_ _1\"></span>l min<span class=\"_ _1\"></span>ore tr<span class=\"_ _1\"></span>a il c<span class=\"_ _1\"></span>osto di a<span class=\"_ _1\"></span>cq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>to e il valo<span class=\"_ _1\"></span>re ne<span class=\"_ _1\"></span>tto d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>nto rea<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>zo. Le r<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze<span class=\"_ _348\"> </span>del G<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>o son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuite p<span class=\"_ _1\"></span>revale<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte da co<span class=\"_ _1\"></span>sti s<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>si re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi ad a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>pete<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi,<span class=\"_ _348\"> </span>nonch\u00e9 da materiale di<span class=\"_ _0\"></span> consumo.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "Disponibilit\u00e0<span class=\"_ _0\"></span> liquide e<span class=\"_ _0\"></span> mezzi equiv<span class=\"_ _0\"></span>alenti<span class=\"_ _348\"> </span>Le dis<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>nib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0 liqu<span class=\"_ _1\"></span>ide e m<span class=\"_ _1\"></span>ez<span class=\"_ _1\"></span>zi e<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>vale<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndo<span class=\"_ _1\"></span>no il d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro in c<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a, i d<span class=\"_ _1\"></span>ep<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>ti ba<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri a v<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ta e gli a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>invest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nti di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ria c<span class=\"_ _1\"></span>on s<span class=\"_ _1\"></span>cad<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>za o<span class=\"_ _1\"></span>rig<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a prev<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>a non s<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a tre m<span class=\"_ _1\"></span>esi. L<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne di di<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>liquide e mezzi equiv<span class=\"_ _0\"></span>alenti del rendiconto finanziario consolidato<span class=\"_ _0\"></span> corri<span class=\"_ _1\"></span>sponde a quella dello<span class=\"_ _0\"></span> stato patrimoniale.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "Attivit\u00e0 e passivit\u00e0 destinate alla vendita Includono le attivit\u00e0 e le passivit\u00e0 (o gruppi di attivit\u00e0 e passivit\u00e0 in dismissione/discontinued operation) il cui valore contabile sar\u00e0 recuperato principalmente attraverso la vendita piuttosto che attraverso l\u2019utilizzo continuativo. Perch\u00e8 ci\u00f2 si verifichi devono essere rispettate le seguenti condizioni: \u2022  le attivit\u00e0 (o gruppi in dismissione) devono essere disponibili per la vendita immediata nelle loro condizioni attuali; \u2022  la vendita deve essere altamente probabile, ossia la societ\u00e0 deve essersi impegnata in un programma per la loro dismissione, devono essere state avviate le attivit\u00e0 per individuare un acquirente, ed il completamento della vendita dovrebbe essere previsto entro un anno dalla data della classificazione. Le attivit\u00e0 destinate alla vendita sono valutate al minore tra il loro valore netto contabile e il relativo fair value al netto dei costi di vendita. Nel caso in cui un\u2019attivit\u00e0 oggetto di ammortamento sia riclassificata nella voce in oggetto, il processo di ammortamento si interrompe al momento della riclassifica. In conformit\u00e0 all\u2019IFRS 5, i dati relativi alle discontinued operation vengono presentati come segue: \u2022  in due specifiche voci del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate alla vendita e Passivit\u00e0 destinate alla vendita; \u2022  in una specifica voce del Prospetto di conto economico complessivo consolidato: Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForAvailableforsaleFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "Attivit\u00e0 e passivit\u00e0 destinate alla vendita Includono le attivit\u00e0 e le passivit\u00e0 (o gruppi di attivit\u00e0 e passivit\u00e0 in dismissione/discontinued operation) il cui valore contabile sar\u00e0 recuperato principalmente attraverso la vendita piuttosto che attraverso l\u2019utilizzo continuativo. Perch\u00e8 ci\u00f2 si verifichi devono essere rispettate le seguenti condizioni: \u2022  le attivit\u00e0 (o gruppi in dismissione) devono essere disponibili per la vendita immediata nelle loro condizioni attuali; \u2022  la vendita deve essere altamente probabile, ossia la societ\u00e0 deve essersi impegnata in un programma per la  loro dismissione, devono essere state avviate le attivit\u00e0 per individuare un acquirente, ed il completamento  della vendita dovrebbe essere previsto entro un anno dalla data della classificazione. Le attivit\u00e0 destinate alla vendita sono valutate al minore tra il loro valore netto contabile e il relativo fair value al  netto dei costi di vendita. Nel caso in cui un\u2019attivit\u00e0 oggetto di ammortamento sia riclassificata nella voce in oggetto, il processo di  ammortamento si interrompe al momento della riclassifica. In conformit\u00e0 all\u2019IFRS 5, i dati relativi alle discontinued operation vengono presentati come segue: \u2022  in due specifiche voci del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate  alla vendita e Passivit\u00e0 destinate alla vendita; \u2022  in una specifica voce del Prospetto di conto economico complessivo consolidato: Risultato netto dell\u2019esercizio  delle attivit\u00e0 destinate alla vendita. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Attivit\u00e0 e passivit\u00e0 destinate alla vendita Includono le attivit\u00e0 e le passivit\u00e0 (o gruppi di attivit\u00e0 e passivit\u00e0 in dismissione/discontinued operation) il cui valore contabile sar\u00e0 recuperato principalmente attraverso la vendita piuttosto che attraverso l\u2019utilizzo continuativo. Perch\u00e8 ci\u00f2 si verifichi devono essere rispettate le seguenti condizioni: \u2022  le attivit\u00e0 (o gruppi in dismissione) devono essere disponibili per la vendita immediata nelle loro condizioni attuali; \u2022  la vendita deve essere altamente probabile, ossia la societ\u00e0 deve essersi impegnata in un programma per la loro dismissione, devono essere state avviate le attivit\u00e0 per individuare un acquirente, ed il completamento della vendita dovrebbe essere previsto entro un anno dalla data della classificazione. Le attivit\u00e0 destinate alla vendita sono valutate al minore tra il loro valore netto contabile e il relativo fair value al netto dei costi di vendita. Nel caso in cui un\u2019attivit\u00e0 oggetto di ammortamento sia riclassificata nella voce in oggetto, il processo di ammortamento si interrompe al momento della riclassifica. In conformit\u00e0 all\u2019IFRS 5, i dati relativi alle discontinued operation vengono presentati come segue: \u2022  in due specifiche voci del Prospetto della situazione patrimoniale-finanziaria consolidata: Attivit\u00e0 destinate alla vendita e Passivit\u00e0 destinate alla vendita; \u2022  in una specifica voce del Prospetto di conto economico complessivo consolidato: Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "Azioni proprie Le azioni proprie sono portate a riduzione del capitale sociale per il valore nominale e della riserva sovrapprezzo  azioni per l\u2019importo eccedente. In applicazione dei principi contabili IAS/IFRS, con riferimento all\u2019acquisto di azioni proprie, l\u2019importo del valore  nominale \u00e8 portato direttamente in diminuzione del capitale sociale mentre il valore compreso tra il valore  d\u2019acquisto e il valore nominale delle azioni proprie \u00e8 portato a diretta riduzione della riserva sovrapprezzo delle  azioni. Con riferimento alla vendita di azioni proprie, i valori del capitale sociale e della riserva sovrapprezzo delle  azioni sono ricostituiti allo stesso valore con cui si erano ridotte al momento dell\u2019acquisto mentre gli utili/perdite  derivanti dalla vendita, vengono rilevati direttamente a patrimonio netto tra le altre riserve, senza alcun impatto  sul conto economico. Le azioni prese come riferimento per il calcolo degli utili/perdite derivanti dalla vendita sono  state selezionate secondo il metodo FIFO. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "Debiti verso fornitori, debiti tributari, acconti ed altre passivit\u00e0 I debiti, gli acconti e le altre passivit\u00e0 sono inizialmente iscritti al loro fair value. Successivamente sono valutati al costo ammortizzato. L\u2019eliminazione dei debiti dal bilancio avviene quando sono state estinte le obbligazioni finanziarie sottostanti. Le passivit\u00e0, se con scadenza oltre dodici mesi, vengono attualizzate al fine di riportarle al valore corrente attraverso l\u2019utilizzo di un tasso tale da riflettere le valutazioni di mercato del valore attuale del denaro e i rischi specifici connessi alla passivit\u00e0. Gli interessi di attualizzazione vengono classificati negli oneri finanziari. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "Strumenti derivati<span class=\"_ _348\"> </span>Il de<span class=\"_ _1\"></span>riva<span class=\"_ _1\"></span>to \u00e8 uno st<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o o qua<span class=\"_ _1\"></span>ls<span class=\"_ _1\"></span>ias<span class=\"_ _1\"></span>i al<span class=\"_ _1\"></span>tro c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to aven<span class=\"_ _1\"></span>te le se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>tic<span class=\"_ _1\"></span>he: <span class=\"ff12 ls37 wsa0\">(i)</span> il suo va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span> ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>a in re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne al c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bia<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o di inte<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e, di un p<span class=\"_ _1\"></span>rez<span class=\"_ _1\"></span>zo di u<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>rum<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to fina<span class=\"_ _1\"></span>nzia<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o, di un<span class=\"_ _348\"> </span> pre<span class=\"_ _1\"></span>zzo d<span class=\"_ _1\"></span>i una m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ce, di u<span class=\"_ _1\"></span>n ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di ca<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>io in val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a da<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o, di un ind<span class=\"_ _1\"></span>ice d<span class=\"_ _1\"></span>i pre<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zi, di un i<span class=\"_ _1\"></span>ndic<span class=\"_ _1\"></span>e di t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si,<span class=\"_ _348\"> </span> di un me<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ito di cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ito o al<span class=\"_ _1\"></span>tra va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>nte pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>ta; <span class=\"ff12 ls37 wsa0\">(<span class=\"_ _1\"></span>ii)</span> non ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e un inve<span class=\"_ _1\"></span>stim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to net<span class=\"_ _1\"></span>to iniz<span class=\"_ _1\"></span>ial<span class=\"_ _1\"></span>e o, se<span class=\"_ _348\"> </span> ric<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto, \u00e8 infe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ior<span class=\"_ _1\"></span>e a que<span class=\"_ _1\"></span>llo c<span class=\"_ _1\"></span>he sa<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>bbe r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>hie<span class=\"_ _1\"></span>sto p<span class=\"_ _1\"></span>er a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>i tipi d<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>ntra<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti da c<span class=\"_ _1\"></span>ui ci si a<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>reb<span class=\"_ _1\"></span>be un<span class=\"_ _1\"></span>a ri<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span> simi<span class=\"_ _1\"></span>lar<span class=\"_ _1\"></span>e a ca<span class=\"_ _1\"></span>mbi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i di fat<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri di m<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>ato; <span class=\"ff12 ls39 ws92\">(iii)</span> sar<span class=\"_ _1\"></span>\u00e0 re<span class=\"_ _1\"></span>gol<span class=\"_ _1\"></span>ato a dat<span class=\"_ _1\"></span>a fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>a, v<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>e cla<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sifi<span class=\"_ _1\"></span>cato c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e str<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>nto<span class=\"_ _348\"> </span> finanziario e conseguentemente viene adeguato al<span class=\"_ _0\"></span> <span class=\"ff12 ls3 ws174\">fa<span class=\"_ _1\"></span>ir va<span class=\"_ _1\"></span>lu<span class=\"_ _1\"></span>e</span> a ogni fine esercizio.<span class=\"_ _0\"></span> Gli effet<span class=\"_ _1\"></span>ti dell\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _348\"> </span> sono rico<span class=\"_ _0\"></span>nosciuti<span class=\"_ _0\"></span> a cont<span class=\"_ _0\"></span>o economi<span class=\"_ _0\"></span>co come o<span class=\"_ _0\"></span>neri/pro<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>i finanz<span class=\"_ _0\"></span>iari",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Fondi<span class=\"_ _6\"></span> per rischi ed<span class=\"_ _6\"></span> oneri<span class=\"_ _348\"> </span>Gli a<span class=\"_ _1\"></span>cca<span class=\"_ _1\"></span>nton<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i a fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r ri<span class=\"_ _1\"></span>sch<span class=\"_ _1\"></span>i ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri so<span class=\"_ _1\"></span>no e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ati qu<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o il G<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>eve far f<span class=\"_ _1\"></span>ron<span class=\"_ _1\"></span>te a una ob<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> (le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le o im<span class=\"_ _1\"></span>pli<span class=\"_ _1\"></span>cit<span class=\"_ _1\"></span>a) at<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>ale, c<span class=\"_ _1\"></span>he d<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iva da un eve<span class=\"_ _1\"></span>nto pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ato, il cui a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e pos<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in mo<span class=\"_ _1\"></span>do at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>ndib<span class=\"_ _1\"></span>ile<span class=\"_ _1\"></span> e pe<span class=\"_ _1\"></span>r il cui a<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>mpi<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to \u00e8 pro<span class=\"_ _1\"></span>bab<span class=\"_ _1\"></span>ile c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ar\u00e0 n<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>io l\u2019impi<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>sor<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e. Qu<span class=\"_ _1\"></span>alo<span class=\"_ _1\"></span>ra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>e di im<span class=\"_ _1\"></span>pie<span class=\"_ _1\"></span>go di r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span> vadano oltre<span class=\"_ _0\"></span> l\u2019<span class=\"_ _6\"></span>esercizio succe<span class=\"_ _1\"></span>ssivo l\u2019<span class=\"_ _6\"></span>obbligazione \u00e8 iscritta al valore attuale determinato attrav<span class=\"_ _0\"></span>erso l\u2019<span class=\"_ _6\"></span>at<span class=\"_ _1\"></span>tualizza<span class=\"_ _1\"></span>zione<span class=\"_ _348\"> </span> dei fl<span class=\"_ _1\"></span>us<span class=\"_ _1\"></span>si fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>si sc<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tati a<span class=\"_ _1\"></span>d un t<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>he ten<span class=\"_ _1\"></span>ga an<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e con<span class=\"_ _1\"></span>to del c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>to del d<span class=\"_ _1\"></span>ena<span class=\"_ _1\"></span>ro e d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>hio d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _348\"> </span>I ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r i qua<span class=\"_ _1\"></span>li il ma<span class=\"_ _1\"></span>nif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>i di un<span class=\"_ _1\"></span>a pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 \u00e8 so<span class=\"_ _1\"></span>lta<span class=\"_ _1\"></span>nto po<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ibi<span class=\"_ _1\"></span>le ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ind<span class=\"_ _1\"></span>ica<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ito pa<span class=\"_ _1\"></span>rag<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>fo su<span class=\"_ _348\"> </span> \u201cInfo<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>va su ga<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nzie p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate, imp<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ni e<span class=\"_ _1\"></span>d alt<span class=\"_ _1\"></span>re pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 p<span class=\"_ _1\"></span>otenz<span class=\"_ _1\"></span>iali<span class=\"_ _1\"></span>\u201d e non s<span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>de a<span class=\"_ _1\"></span>d al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "<div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls29 wse8 gs1b9\">Debiti v<span class=\"_ _0\"></span>erso<span class=\"_ _0\"></span> banche ed<span class=\"_ _6\"></span> altre passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 wsc7 gs1ba\">I deb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuti i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> de<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evuto a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls7 ws13a gs1bb\">degli oneri access<span class=\"_ _1\"></span>ori di acquisizione del<span class=\"_ _0\"></span> finanziamento.<span class=\"_ _0\"></span> Dopo tale rilevazione iniziale<span class=\"_ _0\"></span> i finanziamenti vengono<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws1f gs1bc\">valu<span class=\"_ _1\"></span>tati c<span class=\"_ _1\"></span>on il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span>mite l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo. Il<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws135 gs1bd\">cos<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tene<span class=\"_ _1\"></span>ndo c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di em<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne e di o<span class=\"_ _1\"></span>gni eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to o pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span> </div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs1be\">al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "Debiti v<span class=\"_ _0\"></span>erso<span class=\"_ _0\"></span> banche ed<span class=\"_ _6\"></span> altre passivit\u00e0<span class=\"_ _0\"></span> finanziarie<span class=\"_ _348\"> </span>I deb<span class=\"_ _1\"></span>iti fi<span class=\"_ _1\"></span>nan<span class=\"_ _1\"></span>zia<span class=\"_ _1\"></span>ri s<span class=\"_ _1\"></span>ono r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>iuti i<span class=\"_ _1\"></span>nizi<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>ente a<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tato d<span class=\"_ _1\"></span>al <span class=\"ff12\">f<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>r val<span class=\"_ _1\"></span>ue</span> de<span class=\"_ _1\"></span>l val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>evuto a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>degli oneri access<span class=\"_ _1\"></span>ori di acquisizione del<span class=\"_ _0\"></span> finanziamento.<span class=\"_ _0\"></span> Dopo tale rilevazione iniziale<span class=\"_ _0\"></span> i finanziamenti vengono<span class=\"_ _348\"> </span>valu<span class=\"_ _1\"></span>tati c<span class=\"_ _1\"></span>on il c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>io de<span class=\"_ _1\"></span>l co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span>mite l\u2019applic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ta<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o di in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>e ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo. Il<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>to am<span class=\"_ _1\"></span>mor<span class=\"_ _7\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ato \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to tene<span class=\"_ _1\"></span>ndo c<span class=\"_ _1\"></span>onto d<span class=\"_ _1\"></span>ei c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i di em<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ne e di o<span class=\"_ _1\"></span>gni eve<span class=\"_ _1\"></span>ntua<span class=\"_ _1\"></span>le s<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to o pre<span class=\"_ _1\"></span>mio p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>sto<span class=\"_ _348\"> </span>al mo<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto de<span class=\"_ _1\"></span>l reg<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Benefici<span class=\"_ _0\"></span> ai dipendenti<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>enti e<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>i in co<span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte all<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro s<span class=\"_ _1\"></span>ono<span class=\"_ _348\"> </span>cos<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>iti p<span class=\"_ _1\"></span>rin<span class=\"_ _1\"></span>cip<span class=\"_ _1\"></span>alm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te dal T<span class=\"_ _0\"></span>rat<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento di F<span class=\"_ _1\"></span>ine Ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to (<span class=\"_ _1\"></span>TFR<span class=\"_ _1\"></span>), discip<span class=\"_ _1\"></span>lin<span class=\"_ _1\"></span>ato da<span class=\"_ _1\"></span>lla le<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>sla<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one i<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>na al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>21<span class=\"_ _6\"></span>20 del C<span class=\"_ _1\"></span>od<span class=\"_ _1\"></span>ice C<span class=\"_ _1\"></span>ivil<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>Il TFR \u00e8 c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to, in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>o IAS 19, un piano a b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>finit<span class=\"_ _1\"></span>i, vale a di<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>gra<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>a for<span class=\"_ _1\"></span>ma<span class=\"_ _1\"></span>liz<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>di be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci s<span class=\"_ _1\"></span>ucc<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi a<span class=\"_ _1\"></span>lla fin<span class=\"_ _1\"></span>e del r<span class=\"_ _1\"></span>ap<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to di lavor<span class=\"_ _1\"></span>o che c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>titu<span class=\"_ _1\"></span>isc<span class=\"_ _1\"></span>e un\u2019<span class=\"_ _0\"></span>obb<span class=\"_ _1\"></span>liga<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e fut<span class=\"_ _1\"></span>ura e p<span class=\"_ _1\"></span>er i<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>le il<span class=\"_ _348\"> </span>Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o si fa c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali e di i<span class=\"_ _1\"></span>nvest<span class=\"_ _1\"></span>ime<span class=\"_ _1\"></span>nto rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>vi. Co<span class=\"_ _1\"></span>me ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to dal<span class=\"_ _1\"></span>lo IA<span class=\"_ _1\"></span>S 1<span class=\"_ _0\"></span>9, il Gru<span class=\"_ _1\"></span>ppo u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>zz<span class=\"_ _1\"></span>a il<span class=\"_ _348\"> </span>Metodo della<span class=\"_ _0\"></span> Proiezione Unitaria del Credito<span class=\"_ _0\"></span> per determinare il valore<span class=\"_ _0\"></span> attuale delle obbligazioni e il relativ<span class=\"_ _0\"></span>o costo<span class=\"_ _348\"> </span>prev<span class=\"_ _1\"></span>ide<span class=\"_ _1\"></span>nzi<span class=\"_ _1\"></span>ale d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di lavo<span class=\"_ _1\"></span>ro co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ente; qu<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>to cal<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>lo ri<span class=\"_ _1\"></span>chi<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>e l\u2019utiliz<span class=\"_ _1\"></span>zo di ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali o<span class=\"_ _1\"></span>bie<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tive e<span class=\"_ _348\"> </span>compati<span class=\"_ _0\"></span>bili su<span class=\"_ _0\"></span> variabi<span class=\"_ _0\"></span>li demografiche<span class=\"_ _0\"></span> (tasso di<span class=\"_ _0\"></span> mortalit\u00e0, tasso di ro<span class=\"_ _0\"></span>tazione del personale<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span> finanziarie<span class=\"_ _0\"></span> (tasso di<span class=\"_ _348\"> </span>sc<span class=\"_ _1\"></span>onto, inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i dei l<span class=\"_ _1\"></span>ivelli r<span class=\"_ _1\"></span>etr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i). Il Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po Fi<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a Mila<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ileva la va<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e di uti<span class=\"_ _1\"></span>li e pe<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tua<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ali<span class=\"_ _348\"> </span>(rimi<span class=\"_ _1\"></span>sur<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne) tr<span class=\"_ _1\"></span>a le al<span class=\"_ _1\"></span>tre c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>el c<span class=\"_ _1\"></span>onto e<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>ple<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sivo. A se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la ri<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ma s<span class=\"_ _1\"></span>ulla p<span class=\"_ _1\"></span>revi<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>,<span class=\"_ _348\"> </span>a par<span class=\"_ _7\"></span>tir<span class=\"_ _1\"></span>e dal 1\u00b0 genna<span class=\"_ _1\"></span>io 20<span class=\"_ _1\"></span>07 il TFR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do \u00e8 de<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>nato a<span class=\"_ _1\"></span>i fond<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>nsi<span class=\"_ _1\"></span>one, a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do di te<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>rer<span class=\"_ _1\"></span>ia i<span class=\"_ _1\"></span>sti<span class=\"_ _1\"></span>tuito p<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>so<span class=\"_ _348\"> </span>l\u2019Inps ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro, nel c<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>so di im<span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>se ave<span class=\"_ _1\"></span>nti me<span class=\"_ _1\"></span>no d<span class=\"_ _1\"></span>i 50 dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>den<span class=\"_ _1\"></span>ti, pu<span class=\"_ _1\"></span>\u00f2 rim<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>re i<span class=\"_ _1\"></span>n a<span class=\"_ _1\"></span>zie<span class=\"_ _1\"></span>nda a<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>log<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ente a qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>to<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tuato negli esercizi precedenti. I<span class=\"_ _0\"></span> dipendenti hanno avuto<span class=\"_ _0\"></span> la facolt\u00e0 di operare la scelta della destinazione del<span class=\"_ _348\"> </span>pro<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>io tr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di fin<span class=\"_ _1\"></span>e ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to fin<span class=\"_ _1\"></span>o al 3<span class=\"_ _1\"></span>0 giug<span class=\"_ _1\"></span>no 20<span class=\"_ _1\"></span>07<span class=\"_ _348\"> </span><span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>In rel<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne a ci<span class=\"_ _1\"></span>\u00f2, la de<span class=\"_ _1\"></span>stin<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>lle qu<span class=\"_ _1\"></span>ote ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>e del T<span class=\"_ _1\"></span>FR ai fo<span class=\"_ _1\"></span>ndi p<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>one ov<span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>ro all\u2019I<span class=\"_ _1\"></span>nps c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _348\"> </span>che il T<span class=\"_ _1\"></span>FR ma<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o sia c<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ific<span class=\"_ _1\"></span>ato co<span class=\"_ _1\"></span>me u<span class=\"_ _1\"></span>n pia<span class=\"_ _1\"></span>no a c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ibu<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti in qu<span class=\"_ _1\"></span>anto l\u2019<span class=\"_ _0\"></span>ob<span class=\"_ _1\"></span>blig<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019impr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>\u00e8 rap<span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a es<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>siva<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte dal ve<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto dei c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>trib<span class=\"_ _1\"></span>uti a<span class=\"_ _1\"></span>l fon<span class=\"_ _1\"></span>do p<span class=\"_ _1\"></span>ens<span class=\"_ _1\"></span>io<span class=\"_ _1\"></span>ne ov<span class=\"_ _1\"></span>vero a<span class=\"_ _1\"></span>ll\u2019In<span class=\"_ _1\"></span>ps. L<span class=\"_ _1\"></span>a pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>it\u00e0<span class=\"_ _348\"> </span>rel<span class=\"_ _1\"></span>ativa a<span class=\"_ _1\"></span>l TFR pr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>ntinu<span class=\"_ _1\"></span>a a ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>re un p<span class=\"_ _1\"></span>ian<span class=\"_ _1\"></span>o a be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci de<span class=\"_ _1\"></span>fini<span class=\"_ _1\"></span>ti da val<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>are s<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>do ip<span class=\"_ _1\"></span>otes<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>attuaria<span class=\"_ _1\"></span>li.<span class=\"_ _348\"> </span>I be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci dovu<span class=\"_ _1\"></span>ti ai d<span class=\"_ _1\"></span>ipe<span class=\"_ _1\"></span>nd<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro n<span class=\"_ _1\"></span>on in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>el TFR ve<span class=\"_ _1\"></span>ngo<span class=\"_ _1\"></span>no r<span class=\"_ _1\"></span>ilevati c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>pas<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 ed o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e qua<span class=\"_ _1\"></span>ndo l\u2019imp<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>sa \u00e8 im<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>gna<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>, in mo<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>rovab<span class=\"_ _1\"></span>ile, a in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>rom<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>re il r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to<span class=\"_ _348\"> </span>di lavoro d<span class=\"_ _1\"></span>i un dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte o di un G<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o di dip<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nti pr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>a del n<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>mal<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto o e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e be<span class=\"_ _1\"></span>nefi<span class=\"_ _1\"></span>ci<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el r<span class=\"_ _1\"></span>app<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>to di lavoro a s<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>guito d<span class=\"_ _1\"></span>i una p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ta pe<span class=\"_ _1\"></span>r in<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ntiva<span class=\"_ _1\"></span>re di<span class=\"_ _1\"></span>mis<span class=\"_ _1\"></span>sio<span class=\"_ _1\"></span>ni vol<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie pe<span class=\"_ _1\"></span>r<span class=\"_ _348\"> </span>es<span class=\"_ _1\"></span>ube<span class=\"_ _1\"></span>ri. I b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i dovu<span class=\"_ _1\"></span>ti ai di<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>a ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>l ra<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>to di l<span class=\"_ _1\"></span>avoro no<span class=\"_ _1\"></span>n pr<span class=\"_ _1\"></span>ocu<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>no a<span class=\"_ _1\"></span>ll\u2019impre<span class=\"_ _1\"></span>sa b<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>efic<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>economici futuri e<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span>tanto v<span class=\"_ _0\"></span>engono rilev<span class=\"_ _0\"></span>ati immediatament<span class=\"_ _0\"></span>e come costo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "Riconoscimento dei ricavi I ricavi sono rilevati solo quando si verifica il completo soddisfacimento degli obblighi contrattuali e il cliente acquisisce il controllo dell\u2019attivit\u00e0 trasferita. Sono iscritti al fair value del corrispettivo ricevuto o spettante, tenuto conto del valore di eventuali sconti commerciali concessi e riduzioni legate alla quantit\u00e0. Relativamente alla prestazione di servizi, il ricavo \u00e8 riconosciuto al momento di adempimento della prestazione. Coerentemente con quanto prevede l\u2019IFRS 15 nei par.31 e seguenti, i servizi attinenti le manifestazioni fieristiche e gli eventi congressuali si considerano trasferiti al cliente durante le manifestazioni e gli eventi, in quanto identifica il periodo di tempo durante il quale viene sostenuta la maggior parte dei relativi costi. Analogamente tali ricavi sono rilevati in modo lineare nel corso della manifestazione o evento in quanto anche le risorse impiegate e i costi sostenuti sono distribuiti uniformemente durante il loro svolgimento. Quando \u00e8 probabile che i costi totali di una manifestazione eccederanno i ricavi totali della manifestazione stessa, la perdita attesa viene rilevata come costo con l\u2019iscrizione di un apposito fondo. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "Costi operativi<span class=\"_ _348\"> </span>I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no i<span class=\"_ _1\"></span>scr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>do re<span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>tivi a b<span class=\"_ _1\"></span>eni e s<span class=\"_ _1\"></span>er<span class=\"_ _7\"></span>vizi ve<span class=\"_ _1\"></span>ndu<span class=\"_ _1\"></span>ti o c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>uma<span class=\"_ _1\"></span>ti ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio o p<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ipa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e si<span class=\"_ _1\"></span>stem<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ca<span class=\"_ _348\"> </span>ovve<span class=\"_ _1\"></span>ro qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do no<span class=\"_ _1\"></span>n si p<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>sa id<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e l\u2019utilit<span class=\"_ _1\"></span>\u00e0 fut<span class=\"_ _1\"></span>ura d<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>li ste<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>i.<span class=\"_ _348\"> </span>Il co<span class=\"_ _1\"></span>sto de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rs<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>ncl<span class=\"_ _1\"></span>ude a<span class=\"_ _1\"></span>ltr<span class=\"_ _1\"></span>es\u00ec p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a, te<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ndo p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nte il pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo d<span class=\"_ _1\"></span>i ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tiva pr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne, i<span class=\"_ _348\"> </span>compensi agli amministratori, sia<span class=\"_ _0\"></span> di natura fissa che variabile.<span class=\"_ _348\"> </span>I costi che non soddisfano le<span class=\"_ _0\"></span> condizioni per la loro rile<span class=\"_ _0\"></span>vazione all\u2019<span class=\"_ _6\"></span>attivo patrimoniale sono imputati a<span class=\"_ _0\"></span> conto<span class=\"_ _348\"> </span>economico nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio di<span class=\"_ _0\"></span> sostenimento.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "Prov<span class=\"_ _0\"></span>enti e<span class=\"_ _0\"></span> oneri finanziari<span class=\"_ _348\"> </span>I proven<span class=\"_ _1\"></span>ti e gli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati c<span class=\"_ _1\"></span>on un c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>o temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a il re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to/<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>ere<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tivo dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span>/passivi<span class=\"_ _1\"></span>t\u00e0 relativa.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Prov<span class=\"_ _0\"></span>enti e<span class=\"_ _0\"></span> oneri finanziari<span class=\"_ _348\"> </span>I proven<span class=\"_ _1\"></span>ti e gli o<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>ri fin<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o ril<span class=\"_ _1\"></span>evati c<span class=\"_ _1\"></span>on un c<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>teri<span class=\"_ _1\"></span>o temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e che c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a il re<span class=\"_ _1\"></span>ndim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>to/<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>ere<span class=\"_ _348\"> </span>effet<span class=\"_ _1\"></span>tivo dell\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span>/passivi<span class=\"_ _1\"></span>t\u00e0 relativa.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "Imposte<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>dito so<span class=\"_ _1\"></span>no is<span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>te, pe<span class=\"_ _1\"></span>r ci<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>a so<span class=\"_ _1\"></span>cie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _1\"></span>, in ba<span class=\"_ _1\"></span>se a<span class=\"_ _1\"></span>lla s<span class=\"_ _1\"></span>tima d<span class=\"_ _1\"></span>el re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito imp<span class=\"_ _1\"></span>oni<span class=\"_ _1\"></span>bil<span class=\"_ _1\"></span>e in co<span class=\"_ _1\"></span>nfor<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _348\"> </span>alle a<span class=\"_ _1\"></span>liq<span class=\"_ _1\"></span>uote e a<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>spo<span class=\"_ _1\"></span>siz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i vig<span class=\"_ _1\"></span>enti n<span class=\"_ _1\"></span>ei Pae<span class=\"_ _1\"></span>si n<span class=\"_ _1\"></span>ei qu<span class=\"_ _1\"></span>ali i<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a. L<span class=\"_ _1\"></span>e imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te sul re<span class=\"_ _1\"></span>dd<span class=\"_ _1\"></span>ito so<span class=\"_ _1\"></span>no ri<span class=\"_ _1\"></span>levate ne<span class=\"_ _1\"></span>l<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o, ad e<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>ne di qu<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>e rel<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span>ve a voci dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nte ad<span class=\"_ _1\"></span>deb<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ate o ac<span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>tate a p<span class=\"_ _1\"></span>atr<span class=\"_ _1\"></span>imo<span class=\"_ _1\"></span>nio ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to,<span class=\"_ _348\"> </span>il cui e<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le \u00e8 r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>sci<span class=\"_ _1\"></span>uto dir<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte a pa<span class=\"_ _1\"></span>tri<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>io ne<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti fr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io di at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e il l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>te fra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra in c<span class=\"_ _1\"></span>ui si<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bile l\u2019esiste<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>imp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fi<span class=\"_ _1\"></span>sca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i qu<span class=\"_ _1\"></span>ali u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e tal<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>ldo a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo; il valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>n bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io \u00e8 og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di una ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i chiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te fisc<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>he ci s<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>de ven<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui t<span class=\"_ _1\"></span>ali di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti si re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>liqu<span class=\"_ _1\"></span>ote in vi<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>re o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i not<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>succes<span class=\"_ _1\"></span>siva emanazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span>dal<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>a au<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>t\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do vi \u00e8 u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le di c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Si ved<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato in m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ito al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 47<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te sull<span class=\"_ _1\"></span>a bas<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lle di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze temp<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ane<span class=\"_ _1\"></span>e ta<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>bili e<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>sten<span class=\"_ _1\"></span>ti fr<span class=\"_ _1\"></span>a il valo<span class=\"_ _1\"></span>re di<span class=\"_ _348\"> </span>bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io di at<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 e il l<span class=\"_ _1\"></span>oro va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e so<span class=\"_ _1\"></span>no cl<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fica<span class=\"_ _1\"></span>te fra l<span class=\"_ _1\"></span>e at<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 e le pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _1\"></span>n co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>enti.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>cal<span class=\"_ _1\"></span>i pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>lla m<span class=\"_ _1\"></span>isu<span class=\"_ _1\"></span>ra in c<span class=\"_ _1\"></span>ui si<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>oba<span class=\"_ _1\"></span>bile l\u2019esiste<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a di ad<span class=\"_ _1\"></span>egu<span class=\"_ _1\"></span>ati<span class=\"_ _348\"> </span>imp<span class=\"_ _1\"></span>onib<span class=\"_ _1\"></span>ili fi<span class=\"_ _1\"></span>sca<span class=\"_ _1\"></span>li fu<span class=\"_ _1\"></span>tur<span class=\"_ _1\"></span>i a fr<span class=\"_ _1\"></span>onte de<span class=\"_ _1\"></span>i qu<span class=\"_ _1\"></span>ali u<span class=\"_ _1\"></span>tiliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e tal<span class=\"_ _1\"></span>e sa<span class=\"_ _1\"></span>ldo a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivo; il valo<span class=\"_ _1\"></span>re de<span class=\"_ _1\"></span>lle at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li pe<span class=\"_ _1\"></span>r imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te<span class=\"_ _348\"> </span>rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tab<span class=\"_ _1\"></span>ile i<span class=\"_ _1\"></span>n bila<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>io \u00e8 og<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to di una ve<span class=\"_ _1\"></span>rifi<span class=\"_ _1\"></span>ca a<span class=\"_ _1\"></span>lla d<span class=\"_ _1\"></span>ata d<span class=\"_ _1\"></span>i chiu<span class=\"_ _1\"></span>su<span class=\"_ _1\"></span>ra de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le imp<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>te dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te at<span class=\"_ _1\"></span>tive e pa<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>sive ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>te in bas<span class=\"_ _1\"></span>e all<span class=\"_ _1\"></span>e ali<span class=\"_ _1\"></span>quo<span class=\"_ _1\"></span>te fisc<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>he ci s<span class=\"_ _1\"></span>i at<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>de ven<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>no<span class=\"_ _348\"> </span>app<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>odo i<span class=\"_ _1\"></span>n cui t<span class=\"_ _1\"></span>ali di<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>rim<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti si re<span class=\"_ _1\"></span>ali<span class=\"_ _1\"></span>zze<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o, con<span class=\"_ _1\"></span>sid<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le a<span class=\"_ _1\"></span>liqu<span class=\"_ _1\"></span>ote in vi<span class=\"_ _1\"></span>go<span class=\"_ _1\"></span>re o que<span class=\"_ _1\"></span>lle d<span class=\"_ _1\"></span>i not<span class=\"_ _1\"></span>a<span class=\"_ _348\"> </span>succes<span class=\"_ _1\"></span>siva emanazione.<span class=\"_ _348\"> </span>Le at<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>\u00e0 e pa<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>li co<span class=\"_ _1\"></span>rr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>i e dif<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mpe<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>ate qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do le im<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>ste su<span class=\"_ _1\"></span>l red<span class=\"_ _1\"></span>dito s<span class=\"_ _1\"></span>ono a<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>lic<span class=\"_ _1\"></span>ate<span class=\"_ _348\"> </span>dal<span class=\"_ _1\"></span>la me<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>sim<span class=\"_ _1\"></span>a au<span class=\"_ _1\"></span>tori<span class=\"_ _1\"></span>t\u00e0 fis<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>le e qu<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>do vi \u00e8 u<span class=\"_ _1\"></span>n dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>to le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>le di c<span class=\"_ _1\"></span>omp<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>sa<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>Si ved<span class=\"_ _1\"></span>a an<span class=\"_ _1\"></span>che q<span class=\"_ _1\"></span>uan<span class=\"_ _1\"></span>to rip<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>tato in m<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ito al c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>lida<span class=\"_ _1\"></span>to fisc<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>e nel<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 47<span class=\"_ _4\"></span>.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "Dividendi I ricavi per dividendi sono rilevati nel momento in cui sorge il diritto per gli azionisti a ricevere il pagamento, che normalmente corrisponde alla data dell\u2019assemblea annuale dei soci che delibera sulla distribuzione dei dividendi. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "Risultato<span class=\"_ _0\"></span> per azione<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (perdit<span class=\"_ _1\"></span>a) per azione base viene calcolato dividendo i<span class=\"_ _0\"></span>l risultato economico del Gruppo attribuibile agli<span class=\"_ _348\"> </span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>ist<span class=\"_ _1\"></span>i pos<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>ri di a<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni o<span class=\"_ _1\"></span>rdi<span class=\"_ _1\"></span>nar<span class=\"_ _1\"></span>ie d<span class=\"_ _1\"></span>ell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po p<span class=\"_ _1\"></span>er il n<span class=\"_ _1\"></span>ume<span class=\"_ _1\"></span>ro m<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>o po<span class=\"_ _1\"></span>nde<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i or<span class=\"_ _1\"></span>dina<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>e in<span class=\"_ _348\"> </span>circolazione nell\u2019<span class=\"_ _6\"></span>ese<span class=\"_ _1\"></span>rcizio,<span class=\"_ _0\"></span> escludendo le azioni proprie.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019utile<span class=\"_ _0\"></span> (per<span class=\"_ _1\"></span>dita) per azione diluit<span class=\"_ _0\"></span>o si ottiene attraverso la rettifica della media ponderata delle azioni in circolazione,<span class=\"_ _348\"> </span>pe<span class=\"_ _1\"></span>r tene<span class=\"_ _1\"></span>re c<span class=\"_ _1\"></span>onto di tu<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>te le a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni o<span class=\"_ _1\"></span>rdin<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>ie po<span class=\"_ _1\"></span>tenzi<span class=\"_ _1\"></span>ali ave<span class=\"_ _1\"></span>nti ef<span class=\"_ _1\"></span>fe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to dilu<span class=\"_ _1\"></span>itivo.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "1.7  Informativa sulle attivit\u00e0 destinate alla vendita In data 9 marzo 2023 il Consiglio di Amministrazione di Fiera Milano SpA, facendo seguito ai comunicati stampa  del 25 gennaio 2022, del 20 maggio 2022 e del 13 ottobre 2022, rende noto di aver approvato la finalizzazione  dell\u2019operazione strategica con Fiere di Parma SpA avente ad oggetto una partnership volta alla creazione di  una comune piattaforma fieristica europea nel comparto agro-alimentare. L'accordo prevede il conferimento  del ramo d\u2019azienda di Fiera Milano SpA relativo alla manifestazione \u201cTuttofood\u201d, primario evento espositivo nel  settore agro-alimentare organizzato presso il quartiere di Rho, che viene, di conseguenza, classificato alla data  del 31 dicembre 2022 fra le Attivit\u00e0 destinate alla vendita. Al fine di dare esecuzione all\u2019operazione \u00e8 prevista la  sottoscrizione di un aumento di capitale in Fiere di Parma riservato a Fiera Milano SpA che, a perfezionamento  dell\u2019operazione, deterr\u00e0 una partecipazione pari al 18,5% nel capitale sociale di Fiere di Parma. Attraverso la suddetta operazione le Parti si pongono l\u2019obiettivo di creare una nuova piattaforma fieristica  multipolare costituita da \u201cTuttofood powered by Cibus\u201d a Milano, che si posizioner\u00e0 come evento di matrice  internazionale che, oltre a supportare la filiera domestica, sia da riferimento per una platea espositiva proveniente  da tutti i Paesi leader nelle produzioni agroalimentari, competendo cos\u00ec con le omologhe manifestazioni europee,  e da \"Cibus\" a Parma, evento iconico per il Made In Italy alimentare di eccellenza e per i suoi territori. Grazie alle  sinergie tra Fiera Milano SpA e Fiere di Parma le due manifestazioni saranno in grado di specializzare il proprio  posizionamento offrendo un supporto strategico e permanente al Made in Italy agro-alimentare e, in generale,  al sistema Italia. Ai sensi dell\u2019IFRS 5 \u201cAttivit\u00e0 non correnti possedute per la vendita e attivit\u00e0 operative cessate\u201d, le attivit\u00e0  operative possedute per la vendita sono state rappresentate mediante l\u2019esposizione in un unico importo del  conto economico alla voce \u201cRisultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita\u201d, mentre i valori  patrimoniali sono rappresentati nelle righe \u201cAttivit\u00e0 destinate alla vendita\u201d e \u201cPassivit\u00e0 destinate alla vendita\u201d  Di seguito si evidenzia in dettaglio il conto economico e la situazione patrimoniale delle attivit\u00e0 destinate alla vendita:  Conto economico attivit\u00e0 destinate alla vendita (migliaia di euro)  2022 2021 Ricavi delle vendite e delle prestazioni - 7.454 di cui parti correlate -  21 Totale ricavi - 7.454 Costi per materiali - 17 Costo per servizi - 3.140 di cui parti correlate -  301 Costi per godimento di beni di terzi - 1 Costi del personale - 769 Altre spese operative - 99 Totale Costi Operativi - 4.026 Risultato netto dell'esercizio delle attivit\u00e0 destinate alla vendita - 3.428 Si segnala che al 31 dicembre 2021 il risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita ammonta  a 4.600 migliaia di euro e si riferisce per 3.428 migliaia di euro al conferimento del ramo d\u2019azienda relativo alla  manifestazione \u201cTuttofood\u201d e per 1.172 migliaia di euro alla cessione del ramo d\u2019azienda relativo alle testate  editoriali. Situazione patrimoniale attivit\u00e0 destinate alla vendita (migliaia di euro)  2022 2021 ATTIVIT\u00c0 Attivit\u00e0 immateriali a vita definita 6 7 Rimanenze 857 74 di cui parti correlate  65   - Disponibilit\u00e0 liquide e mezzi equivalenti 1.809 48 Totale attivit\u00e0 destinate alla vendita 2.672 129 PASSIVIT\u00c0 Fondi relativi al personale 2 2 Acconti 2.650 106 Altre passivit\u00e0 20 21 Totale passivit\u00e0 destinate alla vendita 2.672 129 Attivit\u00e0 nette destinate alla vendita  -  - I flussi finanziari netti derivanti dal ramo di azienda \u201cTuttofood\" sono i seguenti: (migliaia di euro)  2022 2021 Flusso finanziario derivante dalla gestione operativa 1.761 -491 Flusso finanziario derivante dalle attivit\u00e0 di investimento  -  - Flusso derivante dalle attivit\u00e0 finanziarie  -  - Flusso finanziario netto dell'esercizio da attivit\u00e0 destinate alla vendita 1.761 -491 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "Joint venture Il Gruppo detiene una partecipazione del 49% in Hannover Milano Global Germany GmbH, contabilizzata con il metodo del patrimonio netto e sulla quale esercita un controllo congiunto con Deutsche Messe AG. A seguito dell\u2019applicazione del principio IFRS 11 Joint arrangements, il Gruppo ha valutato che il contratto di controllo congiunto rappresenta una joint venture, difatti le decisioni concernenti le attivit\u00e0 rilevanti di Hannover Milano Global Germany Gmbh richiedono il consenso unanime delle parti, le quali non vantano n\u00e9 diritti specifici sulle singole attivit\u00e0 n\u00e9 obbligazioni sulle singole passivit\u00e0 della societ\u00e0 dell\u2019entit\u00e0 legale. La quota di patrimonio netto di pertinenza del Gruppo calcolata in base ai risultati ottenuti nel corso degli esercizi dalle varie manifestazioni fieristiche, come previsto dell\u2019accordo di joint venture con Deutsche Messe AG, \u00e8 del 40,24%. I valori patrimoniali ed economici della joint venture e la quota di pertinenza del Gruppo sono riepilogati nelle tabelle seguenti: (migliaia di euro) Hannover Milano Global Germany GmbH  31/12/22   31/12/21 Attivit\u00e0 correnti 3.994  2.972 Attivit\u00e0 non correnti  8.494   8.526 Passivit\u00e0 correnti  22.199   18.471 Passivit\u00e0 non correnti  -  - Indebitamento finanziario netto -21.412 -21.617 Patrimonio netto  11.701   14.644 Valore contabile della Joint Venture  5.836   6.977 Hannover Milano Global Germany GmbH  2022   2021 Totale ricavi e Altri proventi  6.068   31.151 Totale costi operativi -9.706  -24.577 Ammortamenti -36  -370 Interessi attivi 269  216 Interessi passivi -1   - Risultato prima delle imposte -3.406   6.420 Imposte sul reddito -637  2.273 Risultato netto dell\u2019esercizio -2.769   4.147 Risultato netto dell\u2019esercizio attribuibile a Soci della Controllante -2.770   3.941 Risultato di competenza del Gruppo -1.131   1.586 Il Gruppo detiene una partecipazione del 49% in Ipack Ima Srl, contabilizzata con il metodo del patrimonio netto e sulla quale esercita un controllo congiunto con UCIMA (Unione costruttori Italiani Macchine Automatiche per il confezionamento e l\u2019imballaggio). I valori patrimoniali ed economici della joint venture e la quota di pertinenza del Gruppo sono riepilogati nelle tabelle seguenti: (migliaia di euro) Ipack Ima Srl  31/12/22   31/12/21 Attivit\u00e0 correnti  1.137   4.285 Attivit\u00e0 non correnti  4.580   4.808 Passivit\u00e0 correnti  1.314   6.256 Passivit\u00e0 non correnti  192   223 Indebitamento finanziario netto -1.311  259 Patrimonio netto  5.522   2.355 Valore contabile della Joint Venture  2.706   1.154 Ipack Ima Srl  2022   2021 Totale ricavi e Altri proventi  14.971   1.067 Totale costi operativi -11.502  -1.755 Ammortamenti e svalutazioni -299  -294 Interessi attivi  -  - Interessi passivi -20  -25 Risultato prima delle imposte 3.150  -1.007 Imposte sul reddito 898  -488 Risultato netto dell\u2019esercizio 2.252  -519 Risultato di competenza del Gruppo 1.103  -255 Il Gruppo detiene, indirettamente tramite Fiera Milano Congressi SpA, una partecipazione del 51% in MiCo DMC Srl, inizialmente consolidata col metodo integrale. In data 4 dicembre 2018 \u00e8 stato modificato l\u2019accordo di governance, riguardante MiCo DMC Srl con il partner AIM Group International SpA, definendo una maggiore condivisione nelle scelte per la gestione dell\u2019attivit\u00e0. In applicazione dell\u2019IFRS 11 tali accordi qualificano la societ\u00e0 come joint venture e, a partire dal dicembre 2018, determinano la valutazione della partecipazione con il metodo del patrimonio netto. I valori patrimoniali della joint venture e la quota di pertinenza del Gruppo sono riepilogati nelle tabelle seguenti: (migliaia di euro) MiCo DMC Srl  31/12/22   31/12/21 Attivit\u00e0 correnti  4.305   914 Attivit\u00e0 non correnti  377   332 Passivit\u00e0 correnti  5.735   1.637 Passivit\u00e0 non correnti  183   211 Indebitamento finanziario netto -2.535  -951 Patrimonio netto  1.299   349 Valore contabile della Joint Venture  662   178 MiCo DMC Srl  2022   2021 Totale ricavi e Altri proventi  14.000   3.155 Totale costi operativi -13.039  -3.470 Ammortamenti e svalutazioni -13  -12 Interessi passivi -34  -22 Risultato prima delle imposte 914  -349 Imposte sul reddito  265  -105 Risultato netto dell\u2019esercizio 649  -244 Risultato di competenza del Gruppo 331  -124 Non sussistono passivit\u00e0 potenziali o impegni significativi relativi alla partecipazione della Societ\u00e0 Capogruppo nelle joint venture al 31 dicembre 2022 e 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "Societ\u00e0 collegate In data 23 novembre 2022 \u00e8 stata perfezionata l\u2019acquisizione da parte di Fiera Milano di una partecipazione pari al 25% del capitale sociale di Ge.Fi. S.p.A., player italiano leader nell\u2019organizzazione di fiere ed esposizioni commerciali, tra le quali Artigiano in Fiera, ospitata annualmente da Fiera Milano presso la propria venue di Rho. Ge.Fi. SpA detiene il 100% della partecipazione in Mi-View Srl che si occupa della gestione dell\u2019omonimo ristorante sito presso la torre del World Join Center a Milano. L\u2019iniziativa si inserisce nel framework strategico previsto nel piano \u201cCONN.E.C.T. 2025\u201d, volto a consolidare la relazione di Fiera Milano con gli organizzatori chiave delle manifestazioni ospitate appartenenti alle principali filiere del tessuto economico italiano, anche mediante operazioni sul capitale, perseguendo il duplice fine di accrescere la profittabilit\u00e0 e di acquisire competenze chiave. Il corrispettivo, fissato a 11.750 migliaia di euro, \u00e8 stato corrisposto al closing con regolamento in cassa da parte di Fiera Milano. \u00c8 previsto un earn-out, da corrispondersi a seguito dell\u2019approvazione del bilancio 2025 di Ge.Fi. SpA, in ragione del raggiungimento di specifici obiettivi stabiliti nel Business Plan dell\u2019acquisita. Sono inoltre previste delle forme di tutela della partecipazione di minoranza detenuta da Fiera Milano in linea con le prassi di mercato. Il valore iniziale della partecipazione corrisponde all\u2019importo corrisposto a pronti e al valore attualizzato dell\u2019earn- out, il cui riconoscimento \u00e8 ritenuto probabile. La partecipazione \u00e8 contabilizzata nel bilancio consolidato utilizzando il metodo del patrimonio netto e la quota di risultato per l\u2019esercizio 2022 \u00e8 pari a 163 migliaia di euro. La seguente tabella riepiloga le informazioni finanziare dell\u2019investimento del Gruppo in Ge.Fi. SpA: (migliaia di euro) Ge.Fi. SpA  23/11/22 Attivit\u00e0 correnti 10.217 Attivit\u00e0 non correnti 11.350 Passivit\u00e0 correnti 7.906 Passivit\u00e0 non correnti 2.636 Indebitamento finanziario netto -614 Patrimonio netto 11.639 Patrimonio netto di competenza del Gruppo  2.910 Avviamento  10.516 Valore di carico della Collegata  13.426 (migliaia di euro) Ge.Fi. SpA  2022 Totale ricavi e Altri proventi  16.636 Totale costi operativi -14.333 Ammortamenti e svalutazioni -1.312 Interessi attivi 47 Interessi passivi -240 Risultato prima delle imposte 798 Imposte sul reddito 148 Risultato netto dell\u2019esercizio 650 Risultato di competenza del Gruppo 163 La societ\u00e0 collegata non ha passivit\u00e0 potenziali o impegni al 31 dicembre 2022. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "3)   Informativa per settori operativi Secondo quanto previsto dall\u2019IFRS 8 l\u2019identificazione dei settori operativi e delle relative informazioni riportate nell\u2019informativa di settore si \u00e8 basata sugli elementi che il management utilizza per prendere le proprie decisioni operative, in coerenza con il modello di gestione e controllo utilizzato. In particolare, la rendicontazione interna, rivista ed utilizzata periodicamente dai pi\u00f9 alti livelli decisionali del Gruppo stesso, fornisce un\u2019informativa per settori ulteriormente dettagliata societ\u00e0 per societ\u00e0. L\u2019indirizzo strategico del Gruppo, nell\u2019ottica di una integrazione dei processi commerciali e operativi, ha determinato la struttura organizzativa interna e del sistema di misurazione delle performance. In particolare, sono accorpate in un unico settore operativo denominato \u00abAttivit\u00e0 Fieristiche Italia\u00bb tutte le attivit\u00e0 svolte in Fiera Milano SpA, in Nolostand SpA, in Ipack Ima Srl, in Ge.Fi. SpA e in MADE eventi Srl come descritto pi\u00f9 ampiamente alla nota 6 con riguardo alle Cash Generating Unit. Di conseguenza, secondo il criterio del management approach, i settori operativi sono ora definiti come segue: \u2022  Attivit\u00e0 fieristiche Italia: tale settore si identifica per l\u2019attivit\u00e0 finalizzata all\u2019organizzazione e all\u2019ospitalit\u00e0 di manifestazioni fieristiche e altri eventi in Italia, attraverso l\u2019utilizzo, la promozione e la messa a disposizione di spazi espositivi attrezzati; l\u2019erogazione di servizi di allestimento, tecnici e di quartiere connessi all\u2019attivit\u00e0 fieristica e congressuale; l\u2019offerta di supporto progettuale oltre che di servizi correlati; la produzione di contenuti e fornitura di servizi pubblicitari e digitali, nonch\u00e9 l\u2019organizzazione di conferenze e di percorsi formativi. In particolare, in questo ambito rientrano le attivit\u00e0 finalizzate all\u2019offerta di manifestazioni fieristiche (inclusi i servizi finali a espositori e visitatori): -   direttamente organizzate dal Gruppo, anche in partnership con terzi; -   organizzate da terzi, attraverso la contrattualizzazione di spazi e servizi.  Tali attivit\u00e0 sono svolte dalla Capogruppo Fiera Milano SpA, Ipack Ima Srl, Nolostand SpA, Ge.Fi. SpA e MADE eventi Srl. \u2022  Attivit\u00e0 fieristiche Estero: tale settore si identifica per l\u2019attivit\u00e0 finalizzata all\u2019organizzazione di manifestazioni fieristiche e altri eventi all\u2019estero, attraverso l\u2019utilizzo, la promozione e la messa a disposizione di spazi espositivi attrezzati, l\u2019offerta di supporto progettuale oltre che di servizi correlati. In particolare, in questo ambito rientrano le attivit\u00e0 finalizzate all\u2019offerta di manifestazioni fieristiche (inclusi i servizi finali a espositori e visitatori) direttamente organizzate dal Gruppo, anche in partnership con terzi o in qualit\u00e0 di agenti.  Tali attivit\u00e0 sono svolte dalle seguenti societ\u00e0: -   Hannover Milano Global Germany GmbH, joint venture con Deutsche Messe AG di Hannover, attiva in Cina attraverso le due controllate Hannover Milano Fairs China Ltd e Hannover Milano Fairs Shanghai Co. Ltd e dalle sue partecipate Hannover Milano Best Exhibitions Co. Ltd detenuta al 51% e Hannover Milano XZQ Exhibitions detenuta al 60%. Inoltre, \u00e8 attiva in India attraverso la controllata Hannover Milano Fairs India Pvt Ltd; -   Fiera Milano Brasil Ltda, con sede a San Paolo; -   Fiera Milano Exhibitions Africa PTY Ltd con sede a Cape Town. \u2022  Congressi: tale settore si identifica per l\u2019attivit\u00e0 riferita alla gestione di congressi ed eventi e servizi di destination management facenti capo a Fiera Milano Congressi SpA e a MiCo DMC Srl. Nelle tabelle seguenti sono riportati i dati economici e patrimoniali di settore, relativi agli esercizi chiusi al 31 dicembre 2021 ed al 31 dicembre 2022. Conto economico 2021 (migliaia di euro) Attivit\u00e0 fieristiche Italia Attivit\u00e0 fieristiche Estero   Congressi   Elisioni Consolidato* Ricavi delle vendite e delle prestazioni vs Terzi 100.006 195 22.101  -  122.302 Ricavi delle vendite e delle prestazioni intersettoriali 2.963  -  852 -3.815 Totale ricavi 102.969 195 22.953 -3.815 122.302 di cui Italia 122.107 di cui Estero 195 Costi per materiali 1.587 1 121 -4 1.705 Costi per servizi 59.528 425 16.357 -5.106 71.204 Costi per godimento di beni di terzi 1.119 28 15 -646 516 Costi del personale 36.826 1.056 2.877 -39 40.720 Altre spese operative 3.157 27 334 -675 2.843 Totale Costi Operativi 102.217 1.537 19.704 -6.470 116.988 Proventi diversi 63.365 107 12.329 -2.655 73.146 Risultati di societ\u00e0 valutate a patrimonio netto -255 1.586 -124  -  1.207 Svalutazione dei crediti e altri accantonamenti 5.844 9 72  -  5.925 Risultato operativo ante ammortamenti e rettifiche di valore di attivit\u00e0 non correnti (EBITDA) 58.018 342 15.382  -  73.742 di cui Italia 73.390 di cui Estero 352 Ammortamenti immobili, impianti e macchinari e attivit\u00e0 per diritto d\u2019uso 36.658 84 5.275  -  42.017 Ammortamenti investimenti immobiliari  -   -   -   -   - Ammortamenti attivit\u00e0 immateriali 3.000 152 43  -  3.195 Rettifiche di valore di attivit\u00e0 22  -   -   -  22 Risultato operativo (EBIT) 18.338 106 10.064  -  28.508 di cui Italia 28.392 di cui Estero 116 Proventi finanziari e assimilati 1.028 Oneri finanziari e assimilati 14.420 Valutazione di attivit\u00e0 finanziarie  - Risultato prima delle imposte 15.116 Imposte sul reddito -24.365 Risultato netto dell\u2019esercizio delle attivit\u00e0 in continuit\u00e0 39.481 Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita 4.600 Ricavi 8.951 Costi operativi 4.351 Risultato netto dell\u2019esercizio  44.081 Interessenze di minoranza -278 Risultato netto del Gruppo 44.359 *  Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito de conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma. Dati patrimoniali di settore al 31/12/21 (migliaia di euro) Incrementi delle immobilizzazioni di cui relativi al Diritto d\u2019uso delle attivit\u00e0 in locazione Ammortamento delle immobilizzazioni di cui relativi al Diritto d\u2019uso delle attivit\u00e0 in locazione Attivit\u00e0 fieristiche Italia 5.507 408 39.658 35.702 Attivit\u00e0 fieristiche Estero 3  - 236 47 Congressi 1.174 331 5.318 3.848 Elisioni  -  -  -  - Totale 6.684 739 45.212 39.597 Conto economico 2022 (migliaia di euro) Attivit\u00e0 fieristiche Italia Attivit\u00e0 fieristiche Estero  Congressi   Elisioni   Consolidato Ricavi delle vendite e delle prestazioni vs Terzi 172.014 8.697 39.574   220.285 Ricavi delle vendite e delle prestazioni intersettoriali 4.794   3.736 -8.530  Totale ricavi 176.808 8.697 43.310 -8.530 220.285 di cui Italia         211.588 di cui Estero         8.697 Costi per materiali 3.908 6 165 -1 4.078 Costi per servizi 86.040 6.002 27.661 -9.544 110.159 Costi per godimento di beni di terzi 1.211 140 33 -138 1.246 Costi del personale 40.184 1.065 3.204 -40 44.413 Altre spese operative 3.706 36 376 -187 3.931 Totale Costi Operativi 135.049 7.249 31.439 -9.910 163.827 Proventi diversi 4.034 12 1.469 -1.380 4.135 Risultati di societ\u00e0 valutate a patrimonio netto 1.266 -1.131 331  - 466 Svalutazione dei crediti e altri accantonamenti 2.510 -1 147  - 2.656 Risultato operativo ante ammortamenti e rettifiche di valore di attivit\u00e0 non correnti (EBITDA) 44.549 330 13.524  - 58.403 di cui Italia         58.063 di cui Estero         340 Ammortamenti immobili, impianti e macchinari e attivit\u00e0 per diritto d\u2019uso 37.134 90 6.022  - 43.246 Ammortamenti investimenti immobiliari  -  -  -  -  Ammortamenti attivit\u00e0 immateriali 4.447 177 38  - 4.662 Rettifiche di valore di attivit\u00e0  - 1.276  -  - 1.276 Risultato operativo (EBIT) 2.968 -1.213 7.464  - 9.219 di cui Italia         10.422 di cui Estero         -1.203 Proventi finanziari e assimilati         1.600 Oneri finanziari e assimilati         14.524 Valutazione di attivit\u00e0 finanziarie          - Risultato prima delle imposte         -3.705 Imposte sul reddito         2.055 Risultato netto dell\u2019esercizio delle attivit\u00e0 in continuit\u00e0         -5.760 Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita          - Ricavi         - Costi operativi         - Risultato netto dell\u2019esercizio          -5.760 Interessenze di minoranza         -161 Risultato netto del Gruppo -5.599 Dati patrimoniali di settore al 31/12/22 (migliaia di euro) Incrementi delle immobilizzazioni di cui relativi al Diritto d\u2019uso delle attivit\u00e0 in locazione Ammortamento delle immobilizzazioni di cui relativi al Diritto d\u2019uso delle attivit\u00e0 in locazione Attivit\u00e0 fieristiche Italia 17.746 14.401 41.556 36.158 Attivit\u00e0 fieristiche Estero 51 13 293 77 Congressi 2.603 2.010 6.059 4.793 Elisioni  -  -  -  - Totale   20.400   16.424   47.908   41.028",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "4) Immobili, impianti e macchinari La composizione e le variazioni intervenute negli ultimi due esercizi sono le seguenti: Immobili, impianti e macchinari (migliaia di euro)    Situazione  al  31/12/2020 Movimenti dell\u2019esercizio  Situazione  al  31/12/2021Increm. Decrem. Ammort. Rettifiche  di valore Effetto  cambio Variazione  area da  consolida- mento Riclas- sifiche Altre  variazioni Impianti e  macchinari                    . costo originario  19.045   90   -  -  -  -  -  - -43   19.092  . ammortamenti  17.697   -  -  343   - -1   -  -    18.039  Netto  1.348   90   -  343   -  1   -  - -43   1.053  Attrezzature  industriali  e commerciali                    . costo originario  33.826   213   777   -  187   -  -  -  -  33.075  . ammortamenti  32.972   -  769   391   165   -  -  -  -  32.429  Netto  854   213   8   391   22   -  -  -  -  646  Altri beni                    . costo originario  59.891   943   42   -  -  2   -  -  358   61.152  . ammortamenti  55.053   -  42   1.686   -  1   -  -  345   57.043  Netto  4.838   943   -  1.686   -  1   -  -  13   4.109  Totale Immobili,  impianti e  macchinari                    . costo originario  112.762   1.246   819   -  187   2   -  -  315   113.319  . ammortamenti  105.722   -  811   2.420   165   -  -  -  345   107.511  Netto  7.040   1.246   8   2.420   22   2   -  - -30   5.808  Immobili, impianti e macchinari  (migliaia di euro)    Situazione al 31/12/2021 Movimenti dell\u2019esercizio  Situazione al Increm. Decrem. Ammort. Rettifiche di valore Effetto cambio Variazione area da consolida- mento Riclas- sifiche Altre variazioni Impianti e macchinari                    . costo originario  19.092   125   -  -  -  -  -  - -  19.217 . ammortamenti  18.039   -  -  312   - -  -  - -  18.351 Netto  1.053   125   -  312   -  -  -  -  -  866 Attrezzature industriali e commerciali                    . costo originario  33.075   493   183   - -  -  -  -  -  33.385 . ammortamenti  32.429   -  182   400  -  -  -  -  -  32.647 Netto  646   493   1  400 -  -  -  -  -  738 Altri beni                    . costo originario  61.152   801   6.328  -  -  26   -  - -75   55.576 . ammortamenti  57.043   -  6.319   1.506   -  22   -  - -75   52.177 Netto  4.109   801   9   1.506   -  4   -  -  -  3.399 Totale Immobili, impianti e macchinari                    . costo originario  113.319   1.419   6.511   -  -  26   -  - -75   108.178 . ammortamenti  107.511   -  6.501   2.218   -  22   -  - -75   103.175 Netto  5.808   1.419   10   2.218   -  4   -  -  -  5.003 Le consistenze e le variazioni delle diverse voci sono dettagliate nel seguito: Impianti e macchinari La voce ammonta a 866 migliaia di euro al netto di ammortamenti dell\u2019esercizio per 312 migliaia di euro e si riferisce principalmente a impianti elettrici, termici, di allarme ed audiovisivi. Gli incrementi, pari a 125 migliaia di euro, si riferiscono ad investimenti della Capogruppo relativi ad impianti del polo fieristico di Rho. Attrezzature industriali e commerciali La voce ammonta a 738 migliaia di euro al netto di ammortamenti dell\u2019esercizio per 400 migliaia di euro e riguarda attrezzature ed arredi a supporto dell\u2019attivit\u00e0 fieristica. Gli incrementi sono pari a 493 migliaia di euro e si riferiscono principalmente ad investimenti della societ\u00e0 Nolostand SpA relativi all\u2019acquisto di attrezzature fieristiche e beni da destinare al noleggio durante le manifestazioni. Altri beni La voce ammonta a 3.399 migliaia di euro al netto di ammortamenti dell\u2019esercizio per 1.506 migliaia di euro e si riferisce per 2.241 migliaia di euro a costi per migliorie su beni di propriet\u00e0 Fondazione Fiera Milano e per 1.158 migliaia di euro a mobili, arredi, attrezzature minori, mezzi di trasporto e macchine elettroniche. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "Situazione al 31/12/2020 Movimenti dell\u2019esercizio Situazione al Increm. Decrem. Ammort. Rettifiche di valore Effetto cambio Variazione area da consolida- mento Riclas- sifiche Altre variazioni Impianti e macchinari                    . costo originario  19.045   90   -  -  -  -  -  - -43   19.092 . ammortamenti  17.697   -  -  343   - -1   -  -    18.039 Netto  1.348   90   -  343   -  1   -  - -43   1.053 Attrezzature industriali e commerciali                    . costo originario  33.826   213   777   -  187   -  -  -  -  33.075 . ammortamenti  32.972   -  769   391   165   -  -  -  -  32.429 Netto  854   213   8   391   22   -  -  -  -  646 Altri beni                    . costo originario  59.891   943   42   -  -  2   -  -  358   61.152 . ammortamenti  55.053   -  42   1.686   -  1   -  -  345   57.043 Netto  4.838   943   -  1.686   -  1   -  -  13   4.109 Totale Immobili, impianti e macchinari                    . costo originario  112.762   1.246   819   -  187   2   -  -  315   113.319 . ammortamenti  105.722   -  811   2.420   165   -  -  -  345   107.511 Netto  7.040   1.246   8   2.420   22   2   -  - -30   5.808 Situazione  al  31/12/2021 Movimenti dell\u2019esercizio Situazione  al  31/12/2022Increm. Decrem. Ammort. Rettifiche  di valore Effetto  cambio Variazione  area da  consolida- mento Riclas- sifiche Altre  variazioni Impianti e  macchinari                    . costo originario  19.092   125   -  -  -  -  -  - -  19.217  . ammortamenti  18.039   -  -  312   - -  -  - -  18.351  Netto  1.053   125   -  312   -  -  -  -  -  866  Attrezzature  industriali  e commerciali                    . costo originario  33.075   493   183   - -  -  -  -  -  33.385  . ammortamenti  32.429   -  182   400  -  -  -  -  -  32.647  Netto  646   493   1  400 -  -  -  -  -  738  Altri beni                    . costo originario  61.152   801   6.328  -  -  26   -  - -75   55.576  . ammortamenti  57.043   -  6.319   1.506   -  22   -  - -75   52.177  Netto  4.109   801   9   1.506   -  4   -  -  -  3.399  Totale Immobili,  impianti e  macchinari                    . costo originario  113.319   1.419   6.511   -  -  26   -  - -75   108.178  . ammortamenti  107.511   -  6.501   2.218   -  22   -  - -75   103.175  Netto  5.808   1.419   10   2.218   -  4   -  -  -  5.003  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "Gli incrementi pari a 801 migliaia di euro sono riconducibili: \u2022  a Fiera Milano Congressi SpA per 592 migliaia di euro, principalmente riferiti alle migliorie su beni ricevuti in locazione da Fondazione Fiera Milano; \u2022  alla Capogruppo per 155 migliaia di euro e si riferiscono per 117 migliaia di euro agli investimenti dell\u2019esercizio in ambito digitale e per 38 migliaia di euro a migliorie su beni di terzi.; \u2022  ad investimenti minori per le restanti 54 migliaia di euro. L\u2019ammortamento dei costi per migliorie su beni di terzi \u00e8 calcolato sulla base della durata residua del contratto di locazione immobiliare a cui fanno riferimento. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "5) Diritti d\u2019uso delle attivit\u00e0 in locazione La composizione e le variazioni intervenute negli ultimi due esercizi sono le seguenti: Diritti d\u2019uso delle attivit\u00e0 in locazione  (migliaia di euro)    Situazione al 31/12/2020 Movimenti dell\u2019esercizio  Situazione al Increm. Decrem. Ammort. Variazione area da consolida- mento Effetto cambio Diritti d\u2019uso su beni immobili              . costo originario  510.611   577   3.628   -  -  2   507.562 . ammortamenti  79.179   -  3.352   39.428   -  1   115.256 Netto  431.432   577   276   39.428   -  1   392.306 Diritti d\u2019uso su mezzi di trasporto              . costo originario  496   162   65   -  -  -  593 . ammortamenti  260   -  42   169   -  -  387 Netto  236   162   23   169   -  -  206 Totale Diritti d\u2019uso delle attivit\u00e0 in locazione              . costo originario  511.107   739   3.693   -  -  2   508.155 . ammortamenti  79.439   -  3.394   39.597   -  1   115.643 Netto  431.668   739   299   39.597   -  1   392.512 Diritti d\u2019uso delle attivit\u00e0 in locazione (migliaia di euro)    Situazione al 31/12/2021 Movimenti dell\u2019esercizio  Situazione al Increm. Decrem. Ammort. Variazione area da consolida- mento Effetto cambio Diritti d\u2019uso su beni immobili              . costo originario  507.562   15.991   978  -  -  106   522.681 . ammortamenti  115.256     476   40.882   -  10   155.672 Netto  392.306   15.991   502   40.882   -  96   367.009 Diritti d\u2019uso su mezzi di trasporto              . costo originario  593   433   356  -  -  -  670 . ammortamenti  387     336   146   -  -  197 Netto  206   433   20   146   -  -  473 Totale Diritti d\u2019uso delle attivit\u00e0 in locazione              . costo originario  508.155   16.424   1.334   -  -  106   523.351 . ammortamenti  115.643   -  812   41.028   -  10   155.869 Netto  392.512   16.424   522   41.028   -  96   367.482 Le consistenze e le variazioni delle diverse voci nell\u2019esercizio in esame sono dettagliate nel seguito: Diritto d\u2019uso su beni immobili La voce ammonta a 367.009 migliaia di euro al netto di ammortamenti dell\u2019esercizio per 40.882 migliaia di euro e si riferisce alla rilevazione del diritto d\u2019uso dei contratti di locazione degli immobili, in seguito all\u2019applicazione del principio contabile IFRS 16. L\u2019incremento pari a 15.991 migliaia di euro si riferisce principalmente alla rivalutazione monetaria dei contratti di locazione dei quartieri fieristici, in particolare alla Capogruppo per 13.850 migliaia di euro e alla societ\u00e0 Fiera Milano Congressi per 2.010 migliaia di euro. Il decremento pari a 502 migliaia di euro si riferisce alla chiusura anticipata di contratti di locazione di minor rilevanza. Diritto d\u2019uso su mezzi di trasporto La voce ammonta a 473 migliaia di euro al netto di ammortamenti dell\u2019esercizio per 146 migliaia di euro e si riferisce alla rilevazione del diritto d\u2019uso del parco auto aziendale, in seguito all\u2019applicazione del principio contabile IFRS 16. Le variazioni sono correlate all\u2019aggiornamento della flotta aziendale. La voce Diritti d\u2019uso delle attivit\u00e0 in locazione include incrementi per 15.338 migliaia di euro (301 migliaia di euro 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "6) Avviamenti La composizione e le variazioni della voce intervenute negli ultimi due esercizi sono le seguenti: Avviamenti         (migliaia di euro)    Situazione al 31/12/2020 Movimenti dell\u2019esercizio  Situazione al Increm. Decrem. Variazione area da consolidamento Effetto cambio Avviamenti            . costo originario  111.633   -  -  -  -  111.633 . ammortamenti  16.597   -  -  -  -  16.597 Netto  95.036   -  -  -  -  95.036 Avviamenti         (migliaia di euro)    Situazione al 31/12/2021 Movimenti dell\u2019esercizio  Situazione al Increm. Decrem. Variazione area da consolidamento Effetto cambio Avviamenti            . costo originario  111.633   -  -  -  -  111.633 . ammortamenti  16.597   -  -  -  -  16.597 Netto  95.036   -  -  -  -  95.036 Come anticipato nel capitolo relativo ai \u201cCriteri di valutazione\u201d, gli Avviamenti vengono sottoposti alla procedura di verifica delle perdite di valore (impairment test) alla data di chiusura dell\u2019esercizio o pi\u00f9 frequentemente se vi sono indicatori di perdita di valore. Inoltre, si richiama quanto gi\u00e0 detto al paragrafo 1.6 \u201cUso di stime\u201d circa le modalit\u00e0 con cui si \u00e8 proceduto all\u2019effettuazione dell\u2019impairment test. Si ricorda che gli avviamenti sono allocati alle rispettive cash-generating unit o gruppi di cash-generating unit (CGU) di appartenenza. In particolare, volendo individuare \u201cil pi\u00f9 piccolo gruppo identificabile di attivit\u00e0 che genera flussi finanziari in entrata che sono ampiamente indipendenti dai flussi finanziari in entrata generati da altre attivit\u00e0 o gruppi di attivit\u00e0\u201d (IAS 36), si \u00e8 data una definizione di CGU specifica per i diversi reportable segment del Gruppo. Nell\u2019ambito del Reportable Segment \u201cAttivit\u00e0 Fieristiche Italia\u201d, le CGU corrispondono alle singole manifestazioni fieristiche e includono le attivit\u00e0 svolte dalla Capogruppo Fiera Milano SpA, da Nolostand SpA e da MADE eventi Srl. Nell\u2019ambito del Reportable Segment \u201cEstero\u201d la situazione \u00e8 diversa nei Paesi in cui il Gruppo \u00e8 presente con proprie manifestazioni (come in Brasile) rispetto ai Paesi in cui il Gruppo opera attraverso accordi di Joint Venture e contratti di licenza d\u2019uso di marchi (come in Cina). Nel primo caso le CGU corrispondono alle singole manifestazioni, nel secondo caso le CGU sono rappresentate dal singolo mercato di riferimento. Infine, nel Reportable Segment \u201cCongressi\u201d sono individuabili due CGU corrispondenti alle attivit\u00e0 di Fiera Milano Congressi e della sua controllata MiCo DMC. Ai fini del test di impairment, per non incorrere in criteri di ripartizione arbitrari, gli avviamenti sono stati allocati in base ad opportuni raggruppamenti, che riflettono la visione strategica dell\u2019impresa, nonch\u00e9 le modalit\u00e0 di costituzione degli avviamenti stessi. Di seguito si riportano i livelli di allocazione degli avviamenti: \u2022  Raggruppamento CGU Attivit\u00e0 Fieristiche Italia per complessive 89.581 migliaia di euro: comprende le CGU corrispondenti a tutte le manifestazioni organizzate o ospitate da Fiera Milano SpA e da MADE eventi Srl, inclusi i servizi di allestimento realizzati da Nolostand SpA. \u00c8 allocato a questo raggruppamento l\u2019avviamento di Fiera Milano SpA (pari a 76.091 migliaia di euro), l\u2019avviamento di Nolostand SpA (pari a 12.581 migliaia di euro) e l\u2019avviamento di MADE eventi Srl (pari a 909 migliaia di euro). L\u2019avviamento di Fiera Milano SpA \u00e8 cos\u00ec composto: 29.841 migliaia di euro derivano dal conferimento in Fiera Milano SpA dell\u2019azienda fieristica da parte di Fondazione Fiera Milano in data 17 dicembre 2001; 40.223 migliaia di euro derivano dalle acquisizioni di societ\u00e0 organizzatrici di manifestazioni fieristiche successivamente incorporate in Fiera Milano SpA nell\u2019ambito di diverse operazioni di fusione; 5.947 migliaia di euro derivante dalle acquisizioni legate al digital publishing; infine 80 migliaia di euro derivano dall\u2019acquisizione da parte della Capogruppo del ramo d\u2019azienda \u201cInformation Communication Technology\u201d. L\u2019avviamento di Nolostand deriva dall\u2019acquisto del ramo d\u2019azienda \u201callestimenti standard\u201d da parte di Nolostand SpA. \u2022  CGU \u201cCongressi\u201d: include l\u2019avviamento, pari a 5.455 migliaia di euro, derivante dall\u2019acquisizione di Fiera Milano Congressi SpA. Il valore recuperabile delle unit\u00e0 generatrici di cassa o gruppi di cash-generating unit, cui i singoli avviamenti sono stati attribuiti, \u00e8 verificato attraverso la determinazione del valore d\u2019uso. La metodologia di impairment utilizzata \u00e8 quella dei flussi di cassa operativi attualizzati (Discounted Cash Flow), basata su previsioni finanziarie, approvate dai rispettivi Organi Amministrativi delle societ\u00e0 del Gruppo. L\u2019orizzonte temporale di riferimento per il test al 31.12.2022 \u00e8 di quattro esercizi (2023-2026). La proiezione dei flussi finanziari successivi al periodo coperto dall\u2019orizzonte temporale delle proiezioni economico- finanziarie 2023-2026 approvate dal Consiglio di Amministrazione del 20 febbraio 2023 \u00e8 stata calcolata partendo dalla media del margine operativo lordo dell\u2019ultimo biennio delle previsioni finanziarie, per sterilizzare gli effetti della stagionalit\u00e0 del calendario fieristico e ricostruendo un flusso finanziario normalizzato, senza considerare variazioni del capitale circolante ed includendo gli investimenti di mantenimento o di sostituzione. Il valore terminale \u00e8 stato calcolato come rendita perpetua ottenuta capitalizzando il flusso finanziario normalizzato ad un tasso di attualizzazione determinato per singolo Paese di riferimento per le diverse CGU. Si \u00e8 assunto un fattore di crescita pari a zero in termini reali, considerando nel tasso di crescita solo il livello di inflazione attesa nel medio lungo termine nella specifica area monetaria di riferimento. Il WACC (WACC-Weighted Average Cost of Capital) utilizzato per le attivit\u00e0 in Italia comprende: (i) un tasso risk free pari a 3,89% %; (ii) un Market Risk Premium del 6,0%; (iii) un beta levered, rappresentativo della media di settore, pari a 0,93; (iv) un premio per il rischio specifico variabile nelle diverse CGU; (v) un costo del debito finanziario pari a 5,18%%; (vi) un\u2019incidenza del debito sul capitale investito del 25% (target di settore). I singoli parametri sono stati determinati facendo il pi\u00f9 ampio riferimento a fonti pubblicamente disponibili.  Si \u00e8 applicato un tasso netto di imposte a flussi di cassa netti di imposte. Il WACC utilizzato nelle diverse CGU varia in funzione: (i) del diverso tasso risk free (assunto pari al rendimento del titolo di stato a 10 anni del Paese di riferimento della CGU); (ii) del diverso coefficiente di rischio specifico a copertura del rischio di execution relativo ai flussi di cassa previsionali. Tale fattore di rischio riflette le evidenze derivanti dagli scostamenti storici tra dati previsionali e consuntivi nonch\u00e9 da valutazioni prospettiche riguardanti le iniziative di business; (iii) del diverso costo del debito finanziario in ragione del tasso di inflazione attesa nelle singole aree monetarie di riferimento di ogni CGU. Per i raggruppamenti di CGU o per le CGU a cui sono stati allocati gli avviamenti (Attivit\u00e0 Fieristiche Italia e Congressi) il wacc ottenuto con l\u2019applicazione dei parametri sopra descritti \u00e8 pari a 8,83%. Si evidenzia che in nessun caso per gli avviamenti sono emerse perdite di valore. Sono state effettuate \u201canalisi di sensitivit\u00e0\u201d variando sia il WACC (+0,5%) sia i flussi di cassa operativi previsionali (-10%) sia la base di partenza per il calcolo del Terminal Value. In particolare questa terza analisi di sensitivit\u00e0 considera la media del margine operativo lordo dell\u2019intero quadriennio 2023-2026 come base di partenza per il flusso di cassa successivo all\u2019orizzonte di piano. Tutte le analisi di sensitivit\u00e0 effettuate hanno dato esito positivo. Infine, si \u00e8 voluto calcolare anche il \u201cpunto di rottura\u201d, cio\u00e8 la riduzione permanente di flussi finanziari, rispetto alle proiezioni economico-finanziarie 2023-2026, che si dovrebbe manifestare affinch\u00e9 si renda necessaria una svalutazione degli avviamenti. Anche quest\u2019ultima analisi ha fornito indicazioni confortanti su valore degli avviamenti iscritti in bilancio. Per le CGU maggiormente impattate dall\u2019applicazione dell\u2019IFRS16 \u00e8 stato anche eseguito il test sui valori emersi a seguito dell\u2019applicazione di questo principio (con definizione di flussi di cassa coerenti) confermando i risultati raggiunti. Inoltre, con riferimento alla voce \u201cDiritto d\u2019uso delle attivit\u00e0 in locazione\u201d, si segnala che tale voce non genera flussi di cassa indipendenti, pertanto la verifica del valore recuperabile, determinato quale il maggiore tra il valore d\u2019uso e il fair value meno i costi di dismissione, pu\u00f2 essere effettuata esclusivamente nell\u2019ambito delle CGU cui afferisce. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "Si ricorda che gli avviamenti sono allocati alle rispettive cash-generating unit o gruppi di cash-generating unit (CGU) di appartenenza. In particolare, volendo individuare \u201cil pi\u00f9 piccolo gruppo identificabile di attivit\u00e0 che genera flussi finanziari in  entrata che sono ampiamente indipendenti dai flussi finanziari in entrata generati da altre attivit\u00e0 o gruppi di  attivit\u00e0\u201d (IAS 36), si \u00e8 data una definizione di CGU specifica per i diversi reportable segment del Gruppo. Nell\u2019ambito del Reportable Segment \u201cAttivit\u00e0 Fieristiche Italia\u201d, le CGU corrispondono alle singole manifestazioni  fieristiche e includono le attivit\u00e0 svolte dalla Capogruppo Fiera Milano SpA, da Nolostand SpA e da MADE  eventi Srl. Nell\u2019ambito del Reportable Segment \u201cEstero\u201d la situazione \u00e8 diversa nei Paesi in cui il Gruppo \u00e8 presente con  proprie manifestazioni (come in Brasile) rispetto ai Paesi in cui il Gruppo opera attraverso accordi di Joint  Venture e contratti di licenza d\u2019uso di marchi (come in Cina). Nel primo caso le CGU corrispondono alle singole  manifestazioni, nel secondo caso le CGU sono rappresentate dal singolo mercato di riferimento. Infine, nel Reportable Segment \u201cCongressi\u201d sono individuabili due CGU corrispondenti alle attivit\u00e0 di Fiera Milano  Congressi e della sua controllata MiCo DMC. Ai fini del test di impairment, per non incorrere in criteri di ripartizione arbitrari, gli avviamenti sono stati allocati  in base ad opportuni raggruppamenti, che riflettono la visione strategica dell\u2019impresa, nonch\u00e9 le modalit\u00e0 di  costituzione degli avviamenti stessi. Di seguito si riportano i livelli di allocazione degli avviamenti: \u2022  Raggruppamento CGU Attivit\u00e0 Fieristiche Italia per complessive 89.581 migliaia di euro: comprende  le CGU corrispondenti a tutte le manifestazioni organizzate o ospitate da Fiera Milano SpA e da MADE  eventi Srl, inclusi i servizi di allestimento realizzati da Nolostand SpA. \u00c8 allocato a questo raggruppamento  l\u2019avviamento di Fiera Milano SpA (pari a 76.091 migliaia di euro), l\u2019avviamento di Nolostand SpA (pari a 12.581  migliaia di euro) e l\u2019avviamento di MADE eventi Srl (pari a 909 migliaia di euro). L\u2019avviamento di Fiera Milano  SpA \u00e8 cos\u00ec composto: 29.841 migliaia di euro derivano dal conferimento in Fiera Milano SpA dell\u2019azienda  fieristica da parte di Fondazione Fiera Milano in data 17 dicembre 2001; 40.223 migliaia di euro derivano  dalle acquisizioni di societ\u00e0 organizzatrici di manifestazioni fieristiche successivamente incorporate in Fiera  Milano SpA nell\u2019ambito di diverse operazioni di fusione; 5.947 migliaia di euro derivante dalle acquisizioni  legate al digital publishing; infine 80 migliaia di euro derivano dall\u2019acquisizione da parte della Capogruppo del  ramo d\u2019azienda \u201cInformation Communication Technology\u201d. L\u2019avviamento di Nolostand deriva dall\u2019acquisto  del ramo d\u2019azienda \u201callestimenti standard\u201d da parte di Nolostand SpA. \u2022  CGU \u201cCongressi\u201d: include l\u2019avviamento, pari a 5.455 migliaia di euro, derivante dall\u2019acquisizione di Fiera  Milano Congressi SpA. Il valore recuperabile delle unit\u00e0 generatrici di cassa o gruppi di cash-generating unit, cui i singoli avviamenti  sono stati attribuiti, \u00e8 verificato attraverso la determinazione del valore d\u2019uso. La metodologia di impairment utilizzata \u00e8 quella dei flussi di cassa operativi attualizzati (Discounted Cash Flow), basata su previsioni finanziarie, approvate dai rispettivi Organi Amministrativi delle societ\u00e0 del Gruppo. L\u2019orizzonte  temporale di riferimento per il test al 31.12.2022 \u00e8 di quattro esercizi (2023-2026). La proiezione dei flussi finanziari successivi al periodo coperto dall\u2019orizzonte temporale delle proiezioni economico- finanziarie 2023-2026 approvate dal Consiglio di Amministrazione del 20 febbraio 2023 \u00e8 stata calcolata partendo  dalla media del margine operativo lordo dell\u2019ultimo biennio delle previsioni finanziarie, per sterilizzare gli effetti  della stagionalit\u00e0 del calendario fieristico e ricostruendo un flusso finanziario normalizzato, senza considerare  variazioni del capitale circolante ed includendo gli investimenti di mantenimento o di sostituzione.  Il valore terminale \u00e8 stato calcolato come rendita perpetua ottenuta capitalizzando il flusso finanziario normalizzato  ad un tasso di attualizzazione determinato per singolo Paese di riferimento per le diverse CGU. Si \u00e8 assunto un  fattore di crescita pari a zero in termini reali, considerando nel tasso di crescita solo il livello di inflazione attesa  nel medio lungo termine nella specifica area monetaria di riferimento.  Il WACC (WACC-Weighted Average Cost of Capital) utilizzato per le attivit\u00e0 in Italia comprende: (i) un tasso risk  free pari a 3,89% %; (ii) un Market Risk Premium del 6,0%; (iii) un beta levered, rappresentativo della media di  settore, pari a 0,93; (iv) un premio per il rischio specifico variabile nelle diverse CGU; (v) un costo del debito  finanziario pari a 5,18%%; (vi) un\u2019incidenza del debito sul capitale investito del 25% (target di settore). I singoli parametri sono stati determinati facendo il pi\u00f9 ampio riferimento a fonti pubblicamente disponibili.  Si \u00e8  applicato un tasso netto di imposte a flussi di cassa netti di imposte. Il WACC utilizzato nelle diverse CGU varia in funzione: (i) del diverso tasso risk free (assunto pari al rendimento  del titolo di stato a 10 anni del Paese di riferimento della CGU); (ii) del diverso coefficiente di rischio specifico a  copertura del rischio di execution relativo ai flussi di cassa previsionali. Tale fattore di rischio riflette le evidenze  derivanti dagli scostamenti storici tra dati previsionali e consuntivi nonch\u00e9 da valutazioni prospettiche riguardanti  le iniziative di business; (iii) del diverso costo del debito finanziario in ragione del tasso di inflazione attesa nelle  singole aree monetarie di riferimento di ogni CGU. Per i raggruppamenti di CGU o per le CGU a cui sono stati allocati gli avviamenti (Attivit\u00e0 Fieristiche Italia e  Congressi) il wacc ottenuto con l\u2019applicazione dei parametri sopra descritti \u00e8 pari a 8,83%. Si evidenzia che in nessun caso per gli avviamenti sono emerse perdite di valore. Sono state effettuate \u201canalisi di sensitivit\u00e0\u201d variando sia il WACC (+0,5%) sia i flussi di cassa operativi previsionali  (-10%) sia la base di partenza per il calcolo del Terminal Value. In particolare questa terza analisi di sensitivit\u00e0  considera la media del margine operativo lordo dell\u2019intero quadriennio 2023-2026 come base di partenza per il  flusso di cassa successivo all\u2019orizzonte di piano. Tutte le analisi di sensitivit\u00e0 effettuate hanno dato esito positivo. Infine, si \u00e8 voluto calcolare anche il \u201cpunto di rottura\u201d, cio\u00e8 la riduzione permanente di flussi finanziari, rispetto  alle proiezioni economico-finanziarie 2023-2026, che si dovrebbe manifestare affinch\u00e9 si renda necessaria  una svalutazione degli avviamenti. Anche quest\u2019ultima analisi ha fornito indicazioni confortanti su valore degli  avviamenti iscritti in bilancio. Per le CGU maggiormente impattate dall\u2019applicazione dell\u2019IFRS16 \u00e8 stato anche eseguito il test sui valori emersi  a seguito dell\u2019applicazione di questo principio (con definizione di flussi di cassa coerenti) confermando i risultati  raggiunti. Inoltre, con riferimento alla voce \u201cDiritto d\u2019uso delle attivit\u00e0 in locazione\u201d, si segnala che tale voce non genera  flussi di cassa indipendenti, pertanto la verifica del valore recuperabile, determinato quale il maggiore tra il valore  d\u2019uso e il fair value meno i costi di dismissione, pu\u00f2 essere effettuata esclusivamente nell\u2019ambito delle CGU cui  afferisce. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "<div class=\"t m0 h11 ff1 fs8 fc0 sc0 ls3a wsca gs4a1\">7) Attivit\u00e0 immateriali a vita<span class=\"_ _0\"></span> definita<span class=\"_ _348\"> </span></div><div class=\"t m0 hd ff6 fs8 fc4 sc0 ls3 ws3 gs4a2\">La c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>one e l<span class=\"_ _1\"></span>e vari<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni inte<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>gli u<span class=\"_ _1\"></span>ltim<span class=\"_ _1\"></span>i due e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izi so<span class=\"_ _1\"></span>no le s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti:<span class=\"_ _348\"> </span></div><div class=\"t m0 h49 ff3 fsb fc3 sc0 lsf ws65 gs4a3\">Attivit\u00e0 immateriali a vita definita<span class=\"_ _d0\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs4a4\"> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4a5\"> </div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs4a6\"> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4a7\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4a8\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4a9\">31/12/2020<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4aa\">Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc0 sc0 ls3 ws3 gs4ab\"> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4ac\">Situazione<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4ad\">al<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4ae\">31/12/2021<span class=\"_ _266\"></span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4af\">Rettifiche<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b0\">di valore<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b1\">Effetto<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b2\">cambio<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b3\">Altre<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b4\">variazioni<span class=\"_ _17d\"> </span>Riclassifiche<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff1 fs2 fc4 sc0 ls3 ws3 gs4b5\">Marchi e testate editoriali<span class=\"_ _16b\"> </span><span class=\"ff6\"> <span class=\"_ _13d\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _168\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _171\"> </span> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4b6\">. costo originario<span class=\"_ _228\"> </span>23.815<span class=\"_ _1bc\"> </span> -<span class=\"_ _18d\"> </span> 13 <span class=\"_ _d9\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _257\"> </span>33<span class=\"_ _13d\"> </span>-21 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>23.814<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4b7\">. ammortamenti<span class=\"_ _a4\"> </span>13.931<span class=\"_ _243\"> </span> -<span class=\"_ _18d\"> </span> 13 <span class=\"_ _17e\"> </span>1.049<span class=\"_ _17\"> </span> -<span class=\"_ _18f\"> </span>21<span class=\"_ _12f\"> </span>-14 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>14.974<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4b8\">Netto<span class=\"_ _55\"> </span>9.884<span class=\"_ _1bc\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _17e\"> </span> 1.049 <span class=\"_ _a\"> </span> -<span class=\"_ _267\"> </span> 12 <span class=\"_ _134\"> </span>-7 <span class=\"_ _1c2\"> </span> -<span class=\"_ _23c\"> </span> 8.840<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4b9\">Concessioni, licenze e<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4ba\">diritti simili<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4bb\">. costo originario<span class=\"_ _27\"> </span>5.173<span class=\"_ _18a\"> </span>280<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _c7\"> </span> -<span class=\"_ _132\"> </span>5.453<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4bc\">. ammortamenti<span class=\"_ _204\"> </span>4.557<span class=\"_ _1bc\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _194\"> </span>420<span class=\"_ _17\"> </span> -<span class=\"_ _173\"> </span> 4 <span class=\"_ _130\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _255\"> </span>4.981<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4bd\">Netto<span class=\"_ _268\"> </span>616<span class=\"_ _192\"> </span> 280 <span class=\"_ _d9\"> </span> -<span class=\"_ _25c\"> </span> 420 <span class=\"_ _201\"> </span> -<span class=\"_ _18d\"> </span>-4 <span class=\"_ _25e\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _155\"> </span> 472<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4be\">Diritti di brevetto<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4bf\">industriale<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4c0\">e di utilizzo opere<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4c1\">dell\u2019ingegno<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4c2\">. costo originario<span class=\"_ _228\"> </span>39.661<span class=\"_ _180\"> </span>2.189<span class=\"_ _25c\"> </span> 344 <span class=\"_ _d9\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _173\"> </span> 2 <span class=\"_ _130\"> </span> -<span class=\"_ _155\"> </span> 3.762 <span class=\"_ _18a\"> </span>45.270<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4c3\">. ammortamenti<span class=\"_ _a4\"> </span>37.183<span class=\"_ _243\"> </span> -<span class=\"_ _25c\"> </span> 344 <span class=\"_ _17e\"> </span>1.726<span class=\"_ _254\"> </span> -<span class=\"_ _173\"> </span> 2 <span class=\"_ _130\"> </span> -<span class=\"_ _c7\"> </span> -<span class=\"_ _189\"> </span>38.567<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4c4\">Netto<span class=\"_ _55\"> </span>2.478<span class=\"_ _188\"> </span> 2.189 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 1.726 <span class=\"_ _a\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _5d\"> </span> -<span class=\"_ _155\"> </span> 3.762 <span class=\"_ _15\"> </span> 6.703<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4c5\">Immobilizzazioni<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4c6\">immateriali in corso<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4c7\">. costo originario<span class=\"_ _186\"> </span> 4.028 <span class=\"_ _50\"> </span> 2.230 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1f6\"> </span>-3.762 <span class=\"_ _23c\"> </span>2.496<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4c8\">Netto<span class=\"_ _269\"> </span> 4.028 <span class=\"_ _50\"> </span> 2.230 <span class=\"_ _d9\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _29\"> </span> -<span class=\"_ _1f6\"> </span>-3.762 <span class=\"_ _189\"> </span> 2.496<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4c9\">Totale attivit\u00e0<span class=\"_ _348\"> </span> </div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4ca\">immateriali a vita definita<span class=\"_ _348\"> </span></div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4cb\">. costo originario<span class=\"_ _228\"> </span>72.677<span class=\"_ _180\"> </span>4.699<span class=\"_ _194\"> </span>357<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _18f\"> </span>35<span class=\"_ _12f\"> </span>-21 <span class=\"_ _23f\"> </span> -<span class=\"_ _18a\"> </span> 77.033<span class=\"_ _348\"> </span> </div><div class=\"t m0 h27 ff6 fs2 fc4 sc0 ls3 ws3 gs4cc\">. ammortamenti<span class=\"_ _a4\"> </span>55.671<span class=\"_ _243\"> </span> -<span class=\"_ _25c\"> </span> 357 <span class=\"_ _17e\"> </span>3.195<span class=\"_ _254\"> </span> -<span class=\"_ _18f\"> </span>27<span class=\"_ _12f\"> </span>-14 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>58.522<span class=\"_ _348\"> </span></div><div class=\"t m0 h26 ff1 fs2 fc4 sc0 ls3 ws3 gs4cd\">Netto<span class=\"_ _13\"> </span>17.006<span class=\"_ _181\"> </span>4.699<span class=\"_ _12f\"> </span> -<span class=\"_ _1fb\"> </span>3.195<span class=\"_ _254\"> </span> -<span class=\"_ _d9\"> </span>8<span class=\"_ _69\"> </span>-7 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span>18.511<span class=\"_ _348\"> </span></div>Attivit\u00e0 immateriali a vita definita<span class=\"_ _d0\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)<span class=\"_ _348\"> </span></span>   Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>31/12/2021<span class=\"_ _348\"> </span>Movimenti dell\u2019esercizio<span class=\"_ _348\"> </span> Situazione<span class=\"_ _348\"> </span>al<span class=\"_ _348\"> </span>Increm.<span class=\"_ _17d\"> </span>Decrem.<span class=\"_ _17c\"> </span>Ammort.<span class=\"_ _348\"> </span>Rettifiche<span class=\"_ _348\"> </span>di valore<span class=\"_ _348\"> </span>Effetto<span class=\"_ _348\"> </span>cambio<span class=\"_ _348\"> </span>Altre<span class=\"_ _348\"> </span>variazioni<span class=\"_ _17d\"> </span>Riclassifiche<span class=\"_ _348\"> </span>Marchi e testate editoriali<span class=\"_ _16b\"> </span><span class=\"ff6 fc4\"> <span class=\"_ _254\"> </span> <span class=\"_ _17\"> </span> <span class=\"_ _254\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _12f\"> </span> <span class=\"_ _29\"> </span> <span class=\"_ _151\"> </span> <span class=\"_ _171\"> </span><span class=\"fc0\"> </span></span>. costo originario<span class=\"_ _228\"> </span>23.814<span class=\"_ _13d\"> </span> -<span class=\"_ _7c\"> </span> -<span class=\"_ _192\"> </span> 3.316 <span class=\"_ _192\"> </span>529<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _15\"> </span><span class=\"fc0\">21.027<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>14.974<span class=\"_ _13d\"> </span> -<span class=\"_ _e9\"> </span>1.053<span class=\"_ _16d\"> </span> 2.040 <span class=\"_ _192\"> </span>331<span class=\"_ _201\"> </span>-1 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span><span class=\"fc0\">14.317<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _55\"> </span>8.840<span class=\"_ _12f\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17f\"> </span> 1.053 <span class=\"_ _12d\"> </span> 1.276 <span class=\"_ _14\"> </span> 198 <span class=\"_ _12f\"> </span> 1 <span class=\"_ _1c2\"> </span> -<span class=\"_ _257\"> </span><span class=\"fc0\"> 6.710<span class=\"_ _348\"> </span></span>Concessioni, licenze e<span class=\"_ _348\"> </span>diritti simili<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _27\"> </span>5.453<span class=\"_ _194\"> </span>199<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _255\"> </span><span class=\"fc0\">5.652<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _204\"> </span>4.981<span class=\"_ _12f\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _194\"> </span>314<span class=\"_ _254\"> </span> -<span class=\"_ _9d\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _191\"> </span><span class=\"fc0\">5.295<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _268\"> </span>472<span class=\"_ _25c\"> </span> 199 <span class=\"_ _d9\"> </span> -<span class=\"_ _12c\"> </span> 314 <span class=\"_ _a\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _155\"> </span><span class=\"fc0\"> 357<span class=\"_ _348\"> </span></span>Diritti di brevetto<span class=\"_ _348\"> </span>industriale<span class=\"_ _348\"> </span>e di utilizzo opere<span class=\"_ _348\"> </span>dell\u2019ingegno<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>45.270<span class=\"_ _1fb\"> </span>1.604<span class=\"_ _13d\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _254\"> </span> -<span class=\"_ _267\"> </span> 24 <span class=\"_ _a\"> </span> -<span class=\"_ _155\"> </span> 1.115 <span class=\"_ _18a\"> </span><span class=\"fc0\">48.013<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>38.567<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>3.295<span class=\"_ _17\"> </span> -<span class=\"_ _267\"> </span> 23 <span class=\"_ _a\"> </span> -<span class=\"_ _2c\"> </span> -<span class=\"_ _15\"> </span><span class=\"fc0\">41.885<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _55\"> </span>6.703<span class=\"_ _17f\"> </span> 1.604 <span class=\"_ _d9\"> </span> -<span class=\"_ _17e\"> </span> 3.295 <span class=\"_ _197\"> </span> -<span class=\"_ _173\"> </span> 1 <span class=\"_ _a\"> </span> -<span class=\"_ _155\"> </span> 1.115 <span class=\"_ _189\"> </span><span class=\"fc0\"> 6.128<span class=\"_ _348\"> </span></span>Immobilizzazioni<span class=\"_ _348\"> </span>immateriali in corso<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _186\"> </span> 2.496 <span class=\"_ _18e\"> </span> 754 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _1bc\"> </span> -<span class=\"_ _23c\"> </span>-135 <span class=\"_ _1f8\"> </span>-1.115 <span class=\"_ _23c\"> </span><span class=\"fc0\">2.000<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _269\"> </span> 2.496 <span class=\"_ _e\"> </span> 754 <span class=\"_ _d9\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _17\"> </span> -<span class=\"_ _243\"> </span> -<span class=\"_ _194\"> </span>-135 <span class=\"_ _26b\"> </span>-1.115 <span class=\"_ _15\"> </span><span class=\"fc0\"> 2.000<span class=\"_ _348\"> </span></span>Totale attivit\u00e0<span class=\"_ _348\"> </span>immateriali a vita definita<span class=\"_ _348\"> </span>. costo originario<span class=\"_ _228\"> </span>77.033<span class=\"_ _1fb\"> </span>2.557<span class=\"_ _13d\"> </span> -<span class=\"_ _12f\"> </span> -<span class=\"_ _192\"> </span> 3.316 <span class=\"_ _192\"> </span>553<span class=\"_ _23c\"> </span>-135 <span class=\"_ _e2\"> </span> -<span class=\"_ _18a\"> </span><span class=\"fc0\"> 76.692<span class=\"_ _348\"> </span></span>. ammortamenti<span class=\"_ _a4\"> </span>58.522<span class=\"_ _13d\"> </span> -<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>4.662<span class=\"_ _16d\"> </span> 2.040 <span class=\"_ _192\"> </span>354<span class=\"_ _201\"> </span>-1 <span class=\"_ _23f\"> </span> -<span class=\"_ _189\"> </span><span class=\"fc0\">61.497<span class=\"_ _348\"> </span></span>Netto<span class=\"_ _13\"> </span><span class=\"fc4\">18.511<span class=\"_ _190\"> </span>2.557<span class=\"_ _13d\"> </span> -<span class=\"_ _1fb\"> </span>4.662<span class=\"_ _18a\"> </span>1.276<span class=\"_ _18a\"> </span>199<span class=\"_ _194\"> </span>-134 <span class=\"_ _e2\"> </span> -<span class=\"_ _189\"> </span></span>15.195<span class=\"_ _348\"> </span>Marchi e<span class=\"_ _0\"></span> T<span class=\"_ _6\"></span>estate editoriali<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 6.7<span class=\"_ _6\"></span>10 miglia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro e r<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ult<span class=\"_ _1\"></span>a co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a dai s<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ue<span class=\"_ _1\"></span>nti m<span class=\"_ _1\"></span>arc<span class=\"_ _1\"></span>hi di m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>oni:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mila<span class=\"_ _1\"></span>n Ga<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>s Week <span class=\"_ _26c\"> </span>1<span class=\"_ _6\"></span>.6<span class=\"_ _1\"></span>44 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">MA<span class=\"_ _1\"></span>DE exp<span class=\"_ _1\"></span>o <span class=\"_ _26d\"> </span>1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>55 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Hos<span class=\"_ _1\"></span>t <span class=\"_ _26e\"> </span> 96<span class=\"_ _1\"></span>3 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Promotion T<span class=\"_ _6\"></span>rade Exhibition <span class=\"_ _e5\"> </span> 926 migliaia di<span class=\"_ _0\"></span> euro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mipa<span class=\"_ _1\"></span>p Mila<span class=\"_ _1\"></span>no Pr<span class=\"_ _1\"></span>\u00eat-\u00e0-<span class=\"_ _1\"></span>Por<span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>r <span class=\"_ _d7\"> </span> 9<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">G! Co<span class=\"_ _1\"></span>me Gi<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>are <span class=\"_ _13\"> </span> 493 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ns<span class=\"_ _1\"></span>pote<span class=\"_ _1\"></span>c &amp; Lo<span class=\"_ _1\"></span>gite<span class=\"_ _1\"></span>c <span class=\"_ _26f\"> </span> 254 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Car<span class=\"_ _7\"></span>toom<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>s <span class=\"_ _1d5\"> </span> 209 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro; </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Sal<span class=\"_ _1\"></span>one Fra<span class=\"_ _1\"></span>nc<span class=\"_ _1\"></span>his<span class=\"_ _1\"></span>ing M<span class=\"_ _1\"></span>ila<span class=\"_ _1\"></span>no <span class=\"_ _af\"> </span> 1<span class=\"_ _6\"></span>3<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Mia<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t <span class=\"_ _40\"> </span> 6<span class=\"_ _1\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">BtoBio Expo <span class=\"_ _270\"> </span> 55 migliaia di<span class=\"_ _0\"></span> euro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4 ls7 ws34\">Fruit&amp;<span class=\"_ _6\"></span>Veg I<span class=\"_ _0\"></span>nnovation<span class=\"_ _0\"></span>  <span class=\"_ _271\"> </span>6 migliaia di<span class=\"_ _0\"></span> euro.<span class=\"_ _348\"> </span></span>I marchi sono essenzialmente riconducibili a det<span class=\"_ _0\"></span>erminate manifestazioni fieristiche organiz<span class=\"_ _1\"></span>zate direttamente dal<span class=\"_ _348\"> </span>Gruppo<span class=\"_ _6\"></span>.<span class=\"_ _348\"> </span>I mar<span class=\"_ _1\"></span>chi s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>uti s<span class=\"_ _1\"></span>ot<span class=\"_ _1\"></span>to il co<span class=\"_ _1\"></span>ntro<span class=\"_ _1\"></span>llo de<span class=\"_ _1\"></span>l Gr<span class=\"_ _1\"></span>up<span class=\"_ _1\"></span>po a<span class=\"_ _1\"></span>tt<span class=\"_ _1\"></span>raver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>o diver<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>e ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i di ag<span class=\"_ _1\"></span>gre<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one a<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ien<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>le<span class=\"_ _348\"> </span>che s<span class=\"_ _1\"></span>i son<span class=\"_ _1\"></span>o su<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>ute ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o. In se<span class=\"_ _1\"></span>gui<span class=\"_ _1\"></span>to alla s<span class=\"_ _1\"></span>tim<span class=\"_ _1\"></span>a di una v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e defi<span class=\"_ _1\"></span>nit<span class=\"_ _1\"></span>a del<span class=\"_ _1\"></span>le re<span class=\"_ _1\"></span>lati<span class=\"_ _1\"></span>ve man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i e<span class=\"_ _348\"> </span>pub<span class=\"_ _1\"></span>bli<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni, a pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>re da<span class=\"_ _1\"></span>l qua<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tre 20<span class=\"_ _1\"></span>08 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o sta<span class=\"_ _1\"></span>ti sot<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>pos<span class=\"_ _1\"></span>ti ad a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>ento, in c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>ppo<span class=\"_ _1\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e al<span class=\"_ _348\"> </span>pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nte cr<span class=\"_ _1\"></span>ite<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>o di co<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>bili<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>za<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>i vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e ind<span class=\"_ _1\"></span>efin<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>I mar<span class=\"_ _1\"></span>chi d<span class=\"_ _1\"></span>i ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni so<span class=\"_ _1\"></span>no am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ati in b<span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>e a una v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e di die<span class=\"_ _1\"></span>ci e ve<span class=\"_ _1\"></span>nti a<span class=\"_ _1\"></span>nni. L<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>lla<span class=\"_ _348\"> </span>vit<span class=\"_ _1\"></span>a util<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i sin<span class=\"_ _1\"></span>goli m<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>chi \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a ot<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>a, c<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>id<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r og<span class=\"_ _1\"></span>ni int<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>gibi<span class=\"_ _1\"></span>le sp<span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>ifi<span class=\"_ _1\"></span>co la p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>nza c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tinu<span class=\"_ _1\"></span>ativa<span class=\"_ _348\"> </span>su un dat<span class=\"_ _0\"></span>o mercato di riferimento<span class=\"_ _6\"></span>, il posizionamento competitivo<span class=\"_ _0\"></span>, la marginalit\u00e0 operativa.<span class=\"_ _348\"> </span>Al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2022 s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o eme<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>se in<span class=\"_ _1\"></span>dic<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni di p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>e che h<span class=\"_ _1\"></span>ann<span class=\"_ _1\"></span>o dete<span class=\"_ _1\"></span>rm<span class=\"_ _1\"></span>ina<span class=\"_ _1\"></span>to ret<span class=\"_ _1\"></span>tifi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e par<span class=\"_ _1\"></span>i a 1<span class=\"_ _0\"></span>.276<span class=\"_ _348\"> </span>migliaia di euro<span class=\"_ _0\"></span>, riferite ai seguenti marchi della<span class=\"_ _0\"></span> controllata Fiera Milano Brasil L<span class=\"_ _0\"></span>tda:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Ex<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>c pe<span class=\"_ _1\"></span>r 599 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">Fisp p<span class=\"_ _1\"></span>er 5<span class=\"_ _1\"></span>92 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">T<span class=\"_ _6\"></span>ub<span class=\"_ _1\"></span>otec<span class=\"_ _1\"></span>h pe<span class=\"_ _1\"></span>r 85 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></span>Le altre v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni sono di seguito<span class=\"_ _0\"></span> dettagliate:<span class=\"_ _348\"> </span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">quote di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _7\"></span>ta<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r 1<span class=\"_ _6\"></span>.0<span class=\"_ _1\"></span>53 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o;<span class=\"_ _348\"> </span></span>\u2022 <span class=\"_ _51\"> </span><span class=\"fc4\">ef<span class=\"_ _1\"></span>fet<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>bio p<span class=\"_ _1\"></span>osi<span class=\"_ _1\"></span>tivo p<span class=\"_ _1\"></span>er 198 migli<span class=\"_ _1\"></span>aia di e<span class=\"_ _1\"></span>ur<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span></span>Concessioni, licenze<span class=\"_ _0\"></span> e diritti simili<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 357 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al n<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nti d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cizi<span class=\"_ _1\"></span>o pe<span class=\"_ _1\"></span>r 31<span class=\"_ _6\"></span>4 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019inc<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto di 1<span class=\"_ _0\"></span>99 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _0\"></span>acq<span class=\"_ _1\"></span>uis<span class=\"_ _1\"></span>izio<span class=\"_ _1\"></span>ne da p<span class=\"_ _1\"></span>ar<span class=\"_ _7\"></span>te dell<span class=\"_ _1\"></span>a Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>rup<span class=\"_ _1\"></span>po di l<span class=\"_ _1\"></span>ice<span class=\"_ _1\"></span>nze s<span class=\"_ _1\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ware c<span class=\"_ _1\"></span>on<span class=\"_ _348\"> </span>dir<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ti d\u2019uso lim<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>l temp<span class=\"_ _1\"></span>o.<span class=\"_ _348\"> </span>Le lic<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ze sof<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>re a tem<span class=\"_ _1\"></span>po de<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>min<span class=\"_ _1\"></span>ato so<span class=\"_ _1\"></span>no am<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>tiz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ate su u<span class=\"_ _1\"></span>n pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do di t<span class=\"_ _1\"></span>re an<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>Di<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>it<span class=\"_ _7\"></span>t<span class=\"_ _1\"></span>i di b<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>eve<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>du<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>e e di u<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>zo op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>l\u2019i<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>o<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 6.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>28 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l net<span class=\"_ _1\"></span>to di a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>am<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio p<span class=\"_ _1\"></span>er 3.<span class=\"_ _1\"></span>29<span class=\"_ _1\"></span>5 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro. Gli<span class=\"_ _348\"> </span>inc<span class=\"_ _1\"></span>rem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti pa<span class=\"_ _1\"></span>ri a 1<span class=\"_ _0\"></span>.60<span class=\"_ _1\"></span>4 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e le r<span class=\"_ _1\"></span>ic<span class=\"_ _1\"></span>las<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>fic<span class=\"_ _1\"></span>he da<span class=\"_ _1\"></span>lle im<span class=\"_ _1\"></span>mo<span class=\"_ _1\"></span>biliz<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni in c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>so p<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>i a 1<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>5 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>ppo s<span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>o ai c<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ti rel<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>i all\u2019imp<span class=\"_ _1\"></span>lem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne di p<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>get<span class=\"_ _1\"></span>ti d<span class=\"_ _1\"></span>igi<span class=\"_ _1\"></span>tal<span class=\"_ _1\"></span>i e ad ac<span class=\"_ _1\"></span>qui<span class=\"_ _1\"></span>sti di s<span class=\"_ _1\"></span>of<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>e.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019ammo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nto \u00e8 ca<span class=\"_ _1\"></span>lc<span class=\"_ _1\"></span>ola<span class=\"_ _1\"></span>to sul p<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>iod<span class=\"_ _1\"></span>o di p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>ta u<span class=\"_ _1\"></span>tili<span class=\"_ _1\"></span>t\u00e0 pa<span class=\"_ _1\"></span>ri a t<span class=\"_ _1\"></span>re an<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>Immobilizza<span class=\"_ _1\"></span>zioni in corso<span class=\"_ _0\"></span> e acconti<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce a<span class=\"_ _1\"></span>mmo<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span>a a 2.00<span class=\"_ _1\"></span>0 migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro e si r<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>e ai c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>i sos<span class=\"_ _1\"></span>ten<span class=\"_ _1\"></span>uti p<span class=\"_ _1\"></span>er le a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 di sv<span class=\"_ _1\"></span>ilup<span class=\"_ _1\"></span>po d<span class=\"_ _1\"></span>ei nu<span class=\"_ _1\"></span>ovi sis<span class=\"_ _1\"></span>tem<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>informat<span class=\"_ _0\"></span>ivi aziendali<span class=\"_ _0\"></span> dalla<span class=\"_ _0\"></span> Capogruppo<span class=\"_ _0\"></span>.<span class=\"_ _348\"> </span>Le attivit\u00e0, non appena completate, v<span class=\"_ _0\"></span>err<span class=\"_ _1\"></span>anno riclassificate alla corrisponde<span class=\"_ _1\"></span>nte v<span class=\"_ _0\"></span>oce degli immobilizzi con<span class=\"_ _348\"> </span>decor<span class=\"_ _1\"></span>renza dell\u2019<span class=\"_ _0\"></span>ammor<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>amento.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "Situazione al 31/12/2020 Movimenti dell\u2019esercizio Situazione al Increm. Decrem. Ammort. Rettifiche di valore Effetto cambio Altre variazioni Riclassifiche Marchi e testate editoriali                  . costo originario 23.815  -  13   -  - 33 -21   - 23.814 . ammortamenti 13.931  -  13  1.049  - 21 -14   - 14.974 Netto 9.884  -  -  1.049   -  12  -7   -  8.840 Concessioni, licenze e diritti simili . costo originario 5.173 280  -  -  -  -  -  - 5.453 . ammortamenti 4.557  -  - 420  -  4   -  - 4.981 Netto 616  280   -  420   - -4   -  -  472 Diritti di brevetto industriale e di utilizzo opere dell\u2019ingegno . costo originario 39.661 2.189  344   -  -  2   -  3.762  45.270 . ammortamenti 37.183  -  344  1.726  -  2   -  - 38.567 Netto 2.478  2.189   -  1.726   -  -  -  3.762   6.703 Immobilizzazioni immateriali in corso . costo originario  4.028   2.230   -  -  -  -  - -3.762  2.496 Netto  4.028   2.230   -  -  -  -  - -3.762   2.496 Totale attivit\u00e0 immateriali a vita definita . costo originario 72.677 4.699 357  -  - 35 -21   -  77.033 . ammortamenti 55.671  -  357  3.195  - 27 -14   - 58.522 Netto 17.006 4.699  - 3.195  - 8 -7   - 18.511 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "Situazione  al  31/12/2021 Movimenti dell\u2019esercizio Situazione  al  31/12/2022Increm. Decrem. Ammort. Rettifiche  di valore Effetto  cambio Altre  variazioni Riclassifiche Marchi e testate editoriali                  . costo originario 23.814  -  -  3.316  529  -  - 21.027 . ammortamenti 14.974  - 1.053  2.040  331 -1   - 14.317 Netto 8.840  -  -  1.053   1.276   198   1   -  6.710  Concessioni, licenze e  diritti simili . costo originario 5.453 199  -  -  -  -  -  - 5.652 . ammortamenti 4.981  -  - 314  -  -  - 5.295 Netto 472  199   -  314   -  -  -  -  357  Diritti di brevetto  industriale  e di utilizzo opere  dell\u2019ingegno . costo originario 45.270 1.604  -  -  -  24   -  1.115  48.013 . ammortamenti 38.567  -  - 3.295  -  23   -  - 41.885 Netto 6.703  1.604   -  3.295   -  1   -  1.115   6.128  Immobilizzazioni  immateriali in corso . costo originario  2.496   754   -  -  -  - -135  -1.115  2.000 Netto  2.496   754   -  -  -  - -135  -1.115   2.000  Totale attivit\u00e0  immateriali a vita definita . costo originario 77.033 2.557  -  -  3.316  553 -135   -  76.692  . ammortamenti 58.522  -  - 4.662  2.040  354 -1   - 61.497 Netto 18.511 2.557  - 4.662 1.276 199 -134   - 15.195 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDetailedInformationAboutIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "8) Partecipazioni in societ\u00e0 collegate e joint venture La voce ammonta a 29.640 migliaia di euro (15.733 migliaia di euro al 31 dicembre 2021) e si riferisce: \u2022  alla partecipazione del 25% in Ge.Fi. SpA per 13.589 migliaia di euro; \u2022  alla partecipazione del 49% in Hannover Milano Global Germany GmbH per 12.510 migliaia di euro; \u2022  alla partecipazione del 49% in Ipack Ima Srl per 2.969 migliaia di euro; \u2022  alla partecipazione del 51% in MiCo DMC Srl per 572 migliaia di euro. 43) Risultato di Societ\u00e0 collegate e joint venture La voce ammonta a 466 migliaia di euro (1.207 migliaia di euro al 31 dicembre 2021) e si riferisce alle seguenti partecipazioni in joint venture: \u2022  Hannover Milano Global Germany GmhH per -1.131 migliaia di euro (1.586 migliaia di euro al 31 dicembre 2021); \u2022  Ipack Ima Srl per 1.103 migliaia di euro (-255 migliaia di euro al 31 dicembre 2021); \u2022  MiCo DMC Srl per 331 migliaia di euro (-124 migliaia di euro al 31 dicembre 2021); \u2022  Ge.Fi. SpA per 163 migliaia di euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "Tale voce ha sub\u00ecto nell\u2019esercizio la seguente movimentazione: Partecipazioni in societ\u00e0 collegate e joint venture (migliaia di euro)   Situazione al 31/12/21 Movimenti dell\u2019esercizio  Situazione al Distribuzione dividendi  Incremento acquisto Gefi Altre variazioni Effetto cambio Partecipazioni valutate con il metodo del patrimonio netto  15.733   466   -  - 13.426  25  -10  29.640 Totale  15.733   466   -  - 13.426  25 -10  29.640 Per maggiori dettagli si rinvia alla nota 2 \u201cInformativa su Joint Venture e societ\u00e0 collegate\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "9) Altre partecipazioni La voce ammonta a 32 migliaia di euro (82 migliaia di euro al 31 dicembre 2021). Rappresenta la quota di partecipazione al Comitato Golden Card. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "10) Altre attivit\u00e0 finanziarie Ammontano a 2.386 migliaia di euro (71 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composte: Altre attivit\u00e0 finanziarie  (migliaia di euro)  31/12/22 31/12/21 variazione Strumento derivato  2.315   -  2.315 Finanziamenti verso Joint Venture  71   71   - Totale  2.386   71   2.315 La voce accoglie lo strumento derivato di copertura finanziaria, per 2.315 migliaia di euro valutato al fair value e calcolato mediante l\u2019utilizzo di modelli di pricing comunicati dall\u2019istituto bancario emittente. La voce Altre attivit\u00e0 finanziarie include 71 migliaia di euro (71 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "11) Crediti commerciali e altri Ammontano a 33.424 migliaia di euro (31.961 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Crediti commerciali e altri     (migliaia di euro)  31/12/22 31/12/21 variazione Altri crediti verso Controllante  10.412   10.544  -132  Crediti verso Controllante per consolidato fiscale  22.828   21.308   1.520  Altri crediti depositi cauzionali  184   109   75  Totale  33.424   31.961   1.463  Comprendono: \u2022  altri crediti verso Controllante per 10.412 migliaia di euro (10.544 migliaia di euro al 31 dicembre 2021). Si  riferiscono al deposito cauzionale relativo ai contratti di locazione immobiliare dei due quartieri fieristici di  Rho e di Milano. Il valore equivale al canone per un trimestre dei due contratti di locazione. La variazione si  riferisce alla riclassifica della quota a breve termine del credito derivante dal diritto alla restituzione da parte  di Fondazione Fiera Milano del deposito cauzionale versato in virt\u00f9 dei due precedenti contratti di locazione; \u2022  crediti verso Controllante per consolidato fiscale per 22.828 migliaia di euro (21.308 migliaia di euro al  31 dicembre 2021). Si riferiscono alla remunerazione delle perdite fiscali degli esercizi 2020, 2021 e 2022  apportate al consolidato fiscale con Fondazione Fiera Milano e iscritte a fronte della valutazione sulla  recuperabilit\u00e0, nei limiti dell\u2019orizzonte temporale dei piani approvati;  \u2022  altri depositi cauzionali per 184 migliaia di euro (109 migliaia di euro al 31 dicembre 2021). La voce Crediti commerciali e altri include 33.240 migliaia di euro (31.852 migliaia di euro al 31 dicembre 2021)  riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "11) Crediti commerciali e altri Ammontano a 33.424 migliaia di euro (31.961 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Crediti commerciali e altri     (migliaia di euro)  31/12/22 31/12/21 variazione Altri crediti verso Controllante  10.412   10.544  -132 Crediti verso Controllante per consolidato fiscale  22.828   21.308   1.520 Altri crediti depositi cauzionali  184   109   75 Totale  33.424   31.961   1.463 Comprendono: \u2022  altri crediti verso Controllante per 10.412 migliaia di euro (10.544 migliaia di euro al 31 dicembre 2021). Si riferiscono al deposito cauzionale relativo ai contratti di locazione immobiliare dei due quartieri fieristici di Rho e di Milano. Il valore equivale al canone per un trimestre dei due contratti di locazione. La variazione si riferisce alla riclassifica della quota a breve termine del credito derivante dal diritto alla restituzione da parte di Fondazione Fiera Milano del deposito cauzionale versato in virt\u00f9 dei due precedenti contratti di locazione; \u2022  crediti verso Controllante per consolidato fiscale per 22.828 migliaia di euro (21.308 migliaia di euro al 31 dicembre 2021). Si riferiscono alla remunerazione delle perdite fiscali degli esercizi 2020, 2021 e 2022 apportate al consolidato fiscale con Fondazione Fiera Milano e iscritte a fronte della valutazione sulla recuperabilit\u00e0, nei limiti dell\u2019orizzonte temporale dei piani approvati; \u2022  altri depositi cauzionali per 184 migliaia di euro (109 migliaia di euro al 31 dicembre 2021). La voce Crediti commerciali e altri include 33.240 migliaia di euro (31.852 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. \u2022  crediti IVA per 5 migliaia di euro (83 migliaia di euro al 31 dicembre 2021); \u2022  crediti per acconti di imposta su TFR per 369 migliaia di euro (335 migliaia di euro al 31 dicembre 2021); \u2022  crediti verso dipendenti per 64 migliaia di euro (96 migliaia di euro al 31 dicembre 2021); \u2022  acconti e crediti Inail per 116 migliaia di euro (149 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti per 917 migliaia di euro (1.140 migliaia di euro al 31 dicembre 2021). I Ratei e risconti attivi pari a 1.071 migliaia di euro (1.508 migliaia di euro al 31 dicembre 2021) sono riferiti a premi assicurativi ed altri costi di competenza di esercizi futuri. La voce Crediti commerciali e altri include 5.550 migliaia di euro (4.235 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "12) Attivit\u00e0 fiscali per imposte differite Ammontano a 11.174 migliaia di euro (14.011 migliaia di euro al 31 dicembre 2021) e rappresentano il saldo tra imposte differite attive e passive compensate a livello di singole societ\u00e0 oggetto di consolidamento. Per le analisi relative alla movimentazione delle imposte differite attive si rimanda alla nota 49 del conto economico. 23) Imposte differite passive Imposte differite passive (migliaia di euro)  31/12/22 31/12/21 variazione Imposte differite passive  3.733   3.643   90 Totale  3.733   3.643   90 Ammontano a 3.733 migliaia di euro (3.643 migliaia di euro al 31 dicembre 2021) e rappresentano il saldo tra imposte differite attive ed imposte differite passive compensate a livello di singole societ\u00e0 oggetto di consolidamento. La voce comprende: \u2022  fondo imposte differite Ires pari a 3.242 migliaia di euro; \u2022  fondo imposte differite Irap pari a 491 migliaia di euro. Per analisi relative alla movimentazione delle imposte differite passive si rimanda alla nota 49 del conto economico. 49) Imposte sul reddito La voce imposte sul reddito \u00e8 pari a 2.055 migliaia di euro (-24.365 migliaia di euro al 31 dicembre 2021). Imposte sul reddito (migliaia di euro) 2022 2021  variazione  Imposte correnti -960  -6.001   5.041  Imposte differite  3.015  -18.364   21.379  Totale  2.055  -24.365   26.420  La variazione si riferisce principalmente alla presenza nell\u2019esercizio precedente dei benefici derivanti dagli effetti  del riallineamento fiscale di avviamenti e marchi di manifestazione previsto dall\u2019art.110 del D.L. 104/20 come  modificato dall\u2019art. 1 c. 83 della legge n. 178 del 30 dicembre 2020 (legge di bilancio 2021). L\u2019analisi delle imposte correnti al 31 dicembre 2022 \u00e8 di seguito evidenziata: Imposte Correnti (migliaia di euro) 2022 2021  variazione  Imposte correnti IRAP  504   770  -266  Imposta sostitutiva riallineamento fiscale  -  1.982  -1.982  Altre imposte correnti  13  -8   21  Oneri da consolidato fiscale  1.505   5   1.500  Proventi da consolidato fiscale -2.982  -8.750   5.768  Totale -960  -6.001   5.041  I proventi da consolidato fiscale riflettono il provento riconosciuto da Fondazione Fiera Milano per l\u2019apporto della perdita fiscale Ires maturata nel presente esercizio che sar\u00e0 remunerata una volta compensata con gli imponibili  Ires presenti nel consolidato fiscale stesso e sulla base della valutazione sulla recuperabilit\u00e0 delle stesse nei limiti  dell\u2019orizzonte temporale dei piani. Gli oneri da consolidato fiscale riflettono il debito fiscale nei confronti di Fondazione Fiera Milano per l'Ires teorica  corrispondente all'imponibile positivo che \u00e8 stato trasferito in capo alla consolidante al netto dell'utilizzo delle  proprie perdite fiscali preesistenti all'avvio del consolidato nonch\u00e9 dell'ACE. Le attivit\u00e0 per imposte anticipate e le passivit\u00e0 per imposte differite, suddivise per tipologia, sono cos\u00ec dettagliate: Imposte differite (migliaia di euro)  31/12/21 Iscritte a conto  economico Iscritte a  patrimonio  netto  Effetto cambio 31/12/22 Differite attive          Ammortamenti e svalutazioni eccedenti  1.116  -287   -  -  829  Fondi rischi e oneri  1.465  -112   -    1.353  Svalutazione crediti  672  -407   -  -  265  Riallineamento fiscale avviamenti e marchi  8.147  -308   -  -  7.839  Perdite fiscali riportabili  3.255  -2.368   -  394   1.281  Altre differenze temporanee  1.341   82  -251   -  1.172  Totale  15.996  -3.400  -251  394   12.739  Differite passive          Ammortamenti avviamento e fiscalit\u00e0 differite  sull\u2019acquisizione di beni intangibili  5.133  -401   -  55   4.787  Altre differenze temporanee  495   16   -  -  511  Totale  5.628  -385   -  55   5.298  Imposte differite nette 10.368  -3.015  -251  339  7.441  di cui: Attivit\u00e0 fiscali per imposte differite  14.011         11.174  Passivit\u00e0 per imposte differite passive  3.643         3.733  Le imposte differite a carico dell\u2019esercizio ammontano a 3.015 migliaia di euro e rappresentano il saldo tra il  rilascio imposte differite attive (3.400 migliaia di euro) e rilascio di imposte differite passive (-385 migliaia di euro). La variazione delle imposte differite attive \u00e8 dovuta ai rilasci di imposte anticipate rilevate in precedenti esercizi a fronte  di accantonamenti al fondo svalutazione crediti la cui deduzione era stata rimandata al momento del loro utilizzo oltre che al rilascio di imposte anticipate sorte in seguito al riallineamento fiscale di avviamenti e marchi di manifestazioni. Con riferimento alla societ\u00e0 Fiera Milano Brasil Ltda, \u00e8 stato ridotto il valore contabile delle attivit\u00e0 per imposte  differite per 2.445 migliaia di euro in relazione alle possibilit\u00e0 di recuperabilit\u00e0 futura e azzerato il fondo per  imposte differite passive per 398 migliaia di euro a fronte della svalutazione dei marchi di manifestazione. Riconciliazione tra carico d\u2019imposta IRES teorico ed imposte correnti effettive  (migliaia di euro) Risultato consolidato prima delle imposte -3.705 Aliquota d\u2019imposta applicabile per IRES 24% Imposta IRES teorica -889 Differenze tra imposte teoriche ed effettive:  Riallineamento fiscale avviamenti e marchi di manifestazione 265 Fiscalit\u00e0 estera su svalutazioni 2.061 Altre 84 Carico d\u2019imposta effettivo 1.521 Riconciliazione tra carico d\u2019imposta teorico ed effettivo ai fini IRAP  (migliaia di euro) EBIT 9.219 Costi non rilevanti ai fini IRAP 45.327 Base imponibile consolidata ai fini IRAP 54.546 Aliquota d\u2019imposta applicabile per IRAP 3,9% Imposta IRAP teorica 2.127 Differenze tra imposte teoriche ed effettive:  Effetti del cuneo fiscale -1.631 Riallineamento fiscale avviamenti e marchi di manifestazione 43 Svalutazioni e accantonamenti non deducibili -5 Carico d\u2019imposta IRAP effettivo 534 La voce Imposte sul reddito include -1.477 migliaia di euro (-8.745 migliaia di euro al 31 dicembre 2021) riguardanti  operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "13) Crediti commerciali e altri Crediti commerciali e altri     (migliaia di euro)  31/12/22 31/12/21 variazione Crediti verso clienti  24.038   21.136   2.902  Crediti verso Controllante  3.285   2.307   978  Crediti commerciali verso collegate e joint venture  2.110   1.809   301  Crediti commerciali verso altre parti correlate  35   9   27  Altri crediti  2.745   4.251  -1.506  Risconti attivi verso Controllante  119   110   9  Risconti attivi verso collegate e joint venture  1   -  1  Ratei e risconti attivi  1.071   1.508  -437  Totale  33.404   31.130   2.274  Ammontano a 33.404 migliaia di euro (31.130 migliaia di euro al 31 dicembre 2021). Vengono nel seguito descritte le principali tipologie di crediti. I Crediti verso clienti sono pari a 24.038 migliaia di euro (21.136 migliaia di euro al 31 dicembre 2021) al netto  del fondo svalutazione crediti per 1.273 migliaia di euro. Rappresentano i crediti verso organizzatori, espositori  e altri per le prestazioni relative alla messa a disposizione del Quartiere fieristico e congressuale e alla fornitura  dei servizi connessi.  L\u2019ammontare dei crediti \u00e8 stato rettificato mediante l\u2019accantonamento di un fondo svalutazione crediti, al fine di  ricondurre il valore nominale dei crediti ritenuti di dubbia recuperabilit\u00e0 al valore di presunto realizzo. L\u2019utilizzo del  fondo si riferisce a crediti per i quali se ne \u00e8 accertata l\u2019inesigibilit\u00e0 nell\u2019esercizio in commento. Tale fondo, ha sub\u00ecto nell\u2019esercizio la seguente movimentazione: (migliaia di euro)  31/12/21 accantonamenti utilizzi e altri  movimenti 31/12/22 Fondo svalutazione crediti  3.037   69   1.833   1.273  I Crediti verso Controllante per 3.285 migliaia di euro (2.307 migliaia di euro al 31 dicembre 2021) sono cos\u00ec  composti: \u2022  crediti per IVA di Gruppo pari a 768 migliaia di euro (986 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti pari a 2.517 migliaia di euro (1.321 migliaia di euro al 31 dicembre 2021). La variazione si riferisce principalmente ai maggiori crediti relativi ai progetti di investimento coordinati e diretti  da Fiera Milano SpA, del cui sostenimento si \u00e8 fatta carico la Controllante Fondazione Fiera Milano, nell\u2019ambito  del piano per la competitivit\u00e0 e la sostenibilit\u00e0 delle strutture fieristiche. Crediti commerciali verso collegate e joint venture per 2.110 migliaia di euro (1.809 migliaia di euro al 31 dicembre  2021). Le prestazioni e i servizi sono forniti nell\u2019ambito dell\u2019organizzazione e della gestione delle manifestazioni  unitamente agli altri eventi gestiti nel Quartiere fieristico.  Gli Altri crediti pari a 2.745 migliaia di euro (4.251 migliaia di euro al 31 dicembre 2021) sono costituiti da: \u2022  anticipi a fornitori per 858 migliaia di euro (1.693 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti tributari per 416 migliaia di euro (755 migliaia di euro al 31 dicembre 2021); \u2022  crediti IVA per 5 migliaia di euro (83 migliaia di euro al 31 dicembre 2021); \u2022  crediti per acconti di imposta su TFR per 369 migliaia di euro (335 migliaia di euro al 31 dicembre 2021); \u2022  crediti verso dipendenti per 64 migliaia di euro (96 migliaia di euro al 31 dicembre 2021); \u2022  acconti e crediti Inail per 116 migliaia di euro (149 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti per 917 migliaia di euro (1.140 migliaia di euro al 31 dicembre 2021). I Ratei e risconti attivi pari a 1.071 migliaia di euro (1.508 migliaia di euro al 31 dicembre 2021) sono riferiti a premi  assicurativi ed altri costi di competenza di esercizi futuri. La voce Crediti commerciali e altri include 5.550 migliaia di euro (4.235 migliaia di euro al 31 dicembre 2021)  riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "13) Crediti commerciali e altri Crediti commerciali e altri     (migliaia di euro)  31/12/22 31/12/21 variazione Crediti verso clienti  24.038   21.136   2.902 Crediti verso Controllante  3.285   2.307   978 Crediti commerciali verso collegate e joint venture  2.110   1.809   301 Crediti commerciali verso altre parti correlate  35   9   27 Altri crediti  2.745   4.251  -1.506 Risconti attivi verso Controllante  119   110   9 Risconti attivi verso collegate e joint venture  1   -  1 Ratei e risconti attivi  1.071   1.508  -437 Totale  33.404   31.130   2.274 Ammontano a 33.404 migliaia di euro (31.130 migliaia di euro al 31 dicembre 2021). Vengono nel seguito descritte le principali tipologie di crediti. I Crediti verso clienti sono pari a 24.038 migliaia di euro (21.136 migliaia di euro al 31 dicembre 2021) al netto del fondo svalutazione crediti per 1.273 migliaia di euro. Rappresentano i crediti verso organizzatori, espositori e altri per le prestazioni relative alla messa a disposizione del Quartiere fieristico e congressuale e alla fornitura dei servizi connessi. L\u2019ammontare dei crediti \u00e8 stato rettificato mediante l\u2019accantonamento di un fondo svalutazione crediti, al fine di ricondurre il valore nominale dei crediti ritenuti di dubbia recuperabilit\u00e0 al valore di presunto realizzo. L\u2019utilizzo del fondo si riferisce a crediti per i quali se ne \u00e8 accertata l\u2019inesigibilit\u00e0 nell\u2019esercizio in commento. Tale fondo, ha sub\u00ecto nell\u2019esercizio la seguente movimentazione: (migliaia di euro)  31/12/21 accantonamenti utilizzi e altri movimenti 31/12/22 Fondo svalutazione crediti  3.037   69   1.833   1.273 I Crediti verso Controllante per 3.285 migliaia di euro (2.307 migliaia di euro al 31 dicembre 2021) sono cos\u00ec composti: \u2022  crediti per IVA di Gruppo pari a 768 migliaia di euro (986 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti pari a 2.517 migliaia di euro (1.321 migliaia di euro al 31 dicembre 2021). La variazione si riferisce principalmente ai maggiori crediti relativi ai progetti di investimento coordinati e diretti da Fiera Milano SpA, del cui sostenimento si \u00e8 fatta carico la Controllante Fondazione Fiera Milano, nell\u2019ambito del piano per la competitivit\u00e0 e la sostenibilit\u00e0 delle strutture fieristiche. Crediti commerciali verso collegate e joint venture per 2.110 migliaia di euro (1.809 migliaia di euro al 31 dicembre 2021). Le prestazioni e i servizi sono forniti nell\u2019ambito dell\u2019organizzazione e della gestione delle manifestazioni unitamente agli altri eventi gestiti nel Quartiere fieristico. Gli Altri crediti pari a 2.745 migliaia di euro (4.251 migliaia di euro al 31 dicembre 2021) sono costituiti da: \u2022  anticipi a fornitori per 858 migliaia di euro (1.693 migliaia di euro al 31 dicembre 2021); \u2022  altri crediti tributari per 416 migliaia di euro (755 migliaia di euro al 31 dicembre 2021); ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "1<span class=\"_ _6\"></span>4) Rimanenze<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 3.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>4 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (3.<span class=\"_ _1\"></span>280 mi<span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _6\"></span>) e s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>s\u00ec co<span class=\"_ _1\"></span>mpo<span class=\"_ _1\"></span>ste:<span class=\"_ _348\"> </span>Rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>enze<span class=\"_ _1ef\"> </span><span class=\"ff6 fs2 fc4 ls3 ws3\"> <span class=\"_ _1be\"> </span> <span class=\"_ _12f\"> </span><span class=\"fs32\">(migliaia di euro)</span></span> <span class=\"_ _275\"> </span><span class=\"ff1 fc0\">31/12/22<span class=\"_ _74\"> </span><span class=\"fc4\">31/12/21<span class=\"_ _ce\"> </span>variazione<span class=\"_ _348\"> </span></span></span>Costi sospesi<span class=\"_ _d2\"> </span><span class=\"fc0\">3.144<span class=\"_ _41\"> </span></span>3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span>Totale<span class=\"_ _229\"> </span>3.144<span class=\"_ _41\"> </span><span class=\"fc4\">3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span></span>I cos<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>sp<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>i si ri<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>is<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>no a ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni e co<span class=\"_ _1\"></span>ng<span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>i svolge<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nn<span class=\"_ _1\"></span>o suc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te al 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e<span class=\"_ _348\"> </span>20<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>2.<span class=\"_ _348\"> </span>Nella tabella seguente se ne<span class=\"_ _0\"></span> analizz<span class=\"_ _1\"></span>ano i dettagli per manifesta<span class=\"_ _1\"></span>zione:<span class=\"_ _348\"> </span>Manifesta<span class=\"_ _1\"></span>zione <span class=\"_ _1a9\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\"> (migliaia di euro)</span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21 <span class=\"_ _254\"> </span> Variazione<span class=\"_ _348\"> </span></span>Host <span class=\"_ _275\"> </span><span class=\"fc0\"> 961 <span class=\"_ _6e\"> </span></span> 148 <span class=\"_ _186\"> </span>813<span class=\"_ _348\"> </span>Made Expo <span class=\"_ _114\"> </span><span class=\"fc0\"> 860 <span class=\"_ _26\"> </span></span> 50 <span class=\"_ _1fe\"> </span>810<span class=\"_ _348\"> </span>Issa Pulire <span class=\"_ _1c8\"> </span><span class=\"fc0\"> 248 <span class=\"_ _256\"> </span></span> -<span class=\"_ _26\"> </span>248<span class=\"_ _348\"> </span>Sicurezza <span class=\"_ _27a\"> </span><span class=\"fc0\"> 202 <span class=\"_ _26\"> </span></span> 12 <span class=\"_ _186\"> </span>190<span class=\"_ _348\"> </span>Bit <span class=\"_ _1cd\"> </span><span class=\"fc0\"> 143 <span class=\"_ _26\"> </span></span> 56 <span class=\"_ _27b\"> </span>87<span class=\"_ _348\"> </span>Print4all <span class=\"_ _8e\"> </span><span class=\"fc0\"> 80 <span class=\"_ _6e\"> </span></span> 354 <span class=\"_ _166\"> </span>-274<span class=\"_ _348\"> </span>Transpotec &amp; Logitec <span class=\"_ _10e\"> </span><span class=\"fc0\"> 76 <span class=\"_ _228\"> </span></span> 655 <span class=\"_ _af\"> </span>-579<span class=\"_ _348\"> </span>Fesqua <span class=\"_ _14e\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 550 <span class=\"_ _af\"> </span>-550<span class=\"_ _348\"> </span>Expodetergo International <span class=\"_ _e0\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 405 <span class=\"_ _166\"> </span>-405<span class=\"_ _348\"> </span>Fisp <span class=\"_ _27c\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 383 <span class=\"_ _166\"> </span>-383<span class=\"_ _348\"> </span>Exposec <span class=\"_ _1cb\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 268 <span class=\"_ _166\"> </span>-268<span class=\"_ _348\"> </span>Congressi e altre manifestazioni <span class=\"_ _ec\"> </span><span class=\"fc0\"> 574 <span class=\"_ _228\"> </span></span> 399 <span class=\"_ _1fe\"> </span>175<span class=\"_ _348\"> </span>Totale <span class=\"_ _276\"> </span>3.144<span class=\"_ _41\"> </span><span class=\"fc4\">3.280<span class=\"_ _45\"> </span>-136<span class=\"_ _348\"> </span></span>La variazione rispet<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _6\"></span>esercizio precedente \u00e8 conseguente principalmente alla<span class=\"_ _0\"></span> cadenza bienna<span class=\"_ _1\"></span>le o pluriennale<span class=\"_ _348\"> </span>di al<span class=\"_ _1\"></span>cun<span class=\"_ _1\"></span>e ma<span class=\"_ _1\"></span>nife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i. I co<span class=\"_ _1\"></span>sti de<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>so<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>e dire<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nte at<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ibui<span class=\"_ _1\"></span>bili a<span class=\"_ _1\"></span>lle m<span class=\"_ _1\"></span>ani<span class=\"_ _1\"></span>fes<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>ioni s<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>o ric<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>os<span class=\"_ _1\"></span>ciu<span class=\"_ _1\"></span>ti nel<span class=\"_ _348\"> </span>con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>ono<span class=\"_ _1\"></span>mic<span class=\"_ _1\"></span>o ne<span class=\"_ _1\"></span>l pe<span class=\"_ _1\"></span>rio<span class=\"_ _1\"></span>do i<span class=\"_ _1\"></span>n cui s<span class=\"_ _1\"></span>i svolge l\u2019<span class=\"_ _0\"></span>evento e c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>ntem<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>te son<span class=\"_ _1\"></span>o inc<span class=\"_ _1\"></span>lus<span class=\"_ _1\"></span>i nel<span class=\"_ _1\"></span>la voc<span class=\"_ _1\"></span>e rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>enze.<span class=\"_ _348\"> </span>L<span class=\"_ _8\"></span>\u2019imp<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>to di ta<span class=\"_ _1\"></span>le fa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tis<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>cie a<span class=\"_ _1\"></span>mm<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>a a 2.<span class=\"_ _6\"></span>1<span class=\"_ _6\"></span>7<span class=\"_ _0\"></span>0 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro.<span class=\"_ _348\"> </span>La vo<span class=\"_ _1\"></span>ce R<span class=\"_ _1\"></span>ima<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>nze inc<span class=\"_ _1\"></span>lud<span class=\"_ _1\"></span>e 1<span class=\"_ _6\"></span>4<span class=\"_ _1\"></span>8 mig<span class=\"_ _1\"></span>liai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro (25 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dicem<span class=\"_ _1\"></span>bre 20<span class=\"_ _1\"></span>21<span class=\"_ _6\"></span>) r<span class=\"_ _1\"></span>igu<span class=\"_ _1\"></span>ard<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ti ope<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>az<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _348\"> </span>ver<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>i rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>da al<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 53 d<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ta a ta<span class=\"_ _1\"></span>li op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "15) Attivit\u00e0 finanziarie Ammontano a 36.420 migliaia di euro (8.205 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composte: Attivit\u00e0 finanziarie  (migliaia di euro)  31/12/22 31/12/21 variazione Time Deposit  30.652   -  30.652  Fondi comuni di investimento ESG  5.065   5.797  -732  Finanziamenti verso Joint Venture  703   2.408  -1.705  Totale  36.420   8.205   28.215  La voce accoglie le seguenti voci della Capogruppo:  \u2022  per 30.093 migliaia di euro i depositi vincolati comprensivi del rateo di interessi maturato sottoscritti con  Banca Sistema (20.071 migliaia di euro) e con Banca Nazionale del Lavoro (10.022 migliaia di euro); \u2022  per 5.065 migliaia di euro le quote nei fondi comuni di investimento ESG valutate al fair value. Il fair value viene valutato sulla base del valore di mercato del titolo al 31 dicembre 2022 comprensivo di commissioni; \u2022  per 703 migliaia di euro, il finanziamento concesso alla societ\u00e0 in joint venture Ipack Ima Srl. Il tasso applicato  pari all\u20191,50%, \u00e8 stato incrementato a partire dal 1\u00b0 ottobre 2022 rispetto al precedente tasso dell\u20191,30%. Inoltre, per 559 migliaia di euro si riferisce ai depositi vincolati e sottoscritti con il Banco do Brasil S/A e il Banco  Santander dalla societ\u00e0 Fiera Milano Brasil Ltda. La voce Attivit\u00e0 finanziarie include 703 migliaia di euro (2.408 migliaia di euro al 31 dicembre 2021) riguardanti  operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "15) Attivit\u00e0 finanziarie Ammontano a 36.420 migliaia di euro (8.205 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composte: Attivit\u00e0 finanziarie  (migliaia di euro)  31/12/22 31/12/21 variazione Time Deposit  30.652   -  30.652 Fondi comuni di investimento ESG  5.065   5.797  -732 Finanziamenti verso Joint Venture  703   2.408  -1.705 Totale  36.420   8.205   28.215 La voce accoglie le seguenti voci della Capogruppo: \u2022  per 30.093 migliaia di euro i depositi vincolati comprensivi del rateo di interessi maturato sottoscritti con Banca Sistema (20.071 migliaia di euro) e con Banca Nazionale del Lavoro (10.022 migliaia di euro); \u2022  per 5.065 migliaia di euro le quote nei fondi comuni di investimento ESG valutate al fair value. Il fair value viene valutato sulla base del valore di mercato del titolo al 31 dicembre 2022 comprensivo di commissioni; \u2022  per 703 migliaia di euro, il finanziamento concesso alla societ\u00e0 in joint venture Ipack Ima Srl. Il tasso applicato pari all\u20191,50%, \u00e8 stato incrementato a partire dal 1\u00b0 ottobre 2022 rispetto al precedente tasso dell\u20191,30%. Inoltre, per 559 migliaia di euro si riferisce ai depositi vincolati e sottoscritti con il Banco do Brasil S/A e il Banco Santander dalla societ\u00e0 Fiera Milano Brasil Ltda. La voce Attivit\u00e0 finanziarie include 703 migliaia di euro (2.408 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. Con efficacia a partire dal secondo trimestre 2020, alla luce del grave impatto prodotto dall\u2019emergenza di Covid-19, Fondazione Fiera Milano ha concesso la modifica temporanea dei termini di pagamento dei canoni di entrambi i Contratti di Locazione per gli anni 2020, 2021 e 2022 in modo che il pagamento venga effettuato con frequenza trimestrale posticipata, anzich\u00e9 trimestrale anticipata. II. Contratto di locazione immobiliare con Fiera Milano Congressi SpA In data 24 gennaio 2000, Fondazione Fiera Milano ha stipulato con Fiera Milano Congressi SpA un contratto, avente durata fino al 31 dicembre 2012, relativo alla disponibilit\u00e0 di parte dell\u2019ex Padiglione n.17 all\u2019interno del Polo Urbano. In data 15 marzo 2005 tale contratto \u00e8 stato aggiornato per tenere conto dell\u2019ampliamento del centro congressi. Il nuovo accordo tra Fondazione Fiera Milano e Fiera Milano Congressi SpA prevedeva la scadenza in data 30 giugno 2011 rinnovabile fino al 30 giugno 2017. Con lettera datata 9 febbraio 2016, Fondazione non ha esercitato la disdetta del contratto stesso entro il 30 giugno 2016, pertanto, il contratto si \u00e8 automaticamente rinnovato fino al 30 giugno 2023. Nella convenzione in essere Fiera Milano Congressi SpA corrisponde un canone fisso annuo pari a 350 migliaia di euro (rivalutato annualmente dell\u2019ISTAT) cui si aggiunge un canone variabile del 5% sull\u2019eccedenza dei ricavi rispetto ad una soglia minima di fatturato generato sull\u2019area in locazione. Con riguardo alla locazione dei padiglioni 5 e 6 all\u2019interno del Polo Urbano, in data 18 maggio 2009, Fondazione Fiera Milano ha stipulato con Fiera Milano Congressi SpA un contratto preliminare riguardante la costruzione del nuovo centro congressi inaugurato nel mese di maggio 2011 che, integrato con le aree congressuali del Padiglione 17, \u00e8 stato denominato MiCo - Milano Congressi. Il contratto definitivo di locazione dell\u2019area denominata \u201cSouth Wing\u201d (ex padiglioni 5 e 6) decorre dal 1\u00b0 maggio 2011 con durata di nove anni, automaticamente rinnovato per un ulteriore periodo di nove anni salvo disdetta da una delle parti. Il canone annuo di locazione a regime \u00e8 stato definito in una quota fissa pari a 3.000 migliaia di euro oltre a una quota variabile pari al 5% dell\u2019eccedenza del fatturato realizzato da Fiera Milano Congressi SpA sull\u2019area in oggetto per i soli periodi di business plan 2011/2014. Il canone \u00e8 aggiornato annualmente in misura pari al 100% della variazione dell\u2019indice ISTAT, registrato nell\u2019anno precedente. Nello stesso contratto \u00e8 stata prevista la riduzione del canone di locazione a regime per i primi quattro anni. In particolare, \u00e8 stato concordato il canone del primo anno di locazione pari a 750 migliaia di euro e di aumentare tale canone di 750 migliaia di euro nei successivi tre anni fino al raggiungimento della quota fissa del canone a regime pari a 3.000 migliaia di euro. A seguito del raggiungimento della quota fissa a regime non \u00e8 pi\u00f9 dovuto a partire dall\u2019esercizio 2015 alcun canone variabile. In data 30 luglio 2021 \u00e8 stato sottoscritto l\u2019accordo con il quale la Capogruppo ha concesso in sublocazione a Fiera Milano Congressi il Polo Interno (padiglioni 3 e 4) ai fini congressuali. Il presente Contratto avr\u00e0 durata di sei anni a far data 1\u00b0 settembre 2021 e si intender\u00e0 automaticamente rinnovato altri sei anni salvo il caso in cui sopravvenga disdetta da comunicarsi all\u2019altra parte, a mezzo di lettera raccomandata almeno 18 mesi prima della scadenza rispetto a ciascuna scadenza contrattuale. Alla luce della situazione emergenziale legata alla Pandemia Covid-19 che, di fatto, ha comportato per cause di forza maggiore la sospensione dell\u2019attivit\u00e0 del settore congressuale per un prolungato periodo di tempo, le parti hanno concordato l\u2019estensione a tutto il 2021 e 2022 del regime di pagamento differito delle rate trimestrali dei canoni previsti dai Contratti di Locazione gi\u00e0 convenuto per il 2020. III. Liquidazione IVA di Gruppo Avvalendosi della facolt\u00e0 prevista dal DPR 633/72, il Gruppo ha aderito alla procedura, gestita dalla Controllante Fondazione, relativa alla liquidazione di gruppo dell\u2019IVA. Tale meccanismo rende pi\u00f9 agevole l\u2019assolvimento dell\u2019obbligo tributario, senza comportare alcun onere aggiuntivo. IV. Consolidato fiscale di Gruppo con la Controllante Fondazione Fiera Milano Nell\u2019esercizio 2016, Fiera Milano SpA e alcune societ\u00e0 controllate italiane non hanno rinnovato l\u2019opzione per il consolidato fiscale di Fiera Milano SpA e hanno invece esercitato l\u2019opzione per l\u2019adesione al consolidato fiscale di Fondazione Fiera Milano in qualit\u00e0 di soggetto consolidante. L\u2019opzione \u00e8 stata rinnovata per il triennio 2022, 2023 e 2024 . Il Regolamento adottato del Consolidato fiscale di Fondazione Fiera Milano, prevede che le perdite fiscali delle societ\u00e0 consolidate, prodotte in ciascun esercizio di validit\u00e0 dell\u2019opzione, siano utilizzate in compensazione degli imponibili positivi delle societ\u00e0 partecipanti al consolidato fiscale formatisi nello stesso esercizio, dopo che sono state computate le perdite fiscali di Fiera Milano SpA e della societ\u00e0 consolidante; le perdite fiscali delle societ\u00e0 consolidate sono remunerate nei limiti dell\u2019effettivo vantaggio conseguito dal consolidato fiscale. V. Contratto di fornitura di servizi Fiera Milano SpA ha in corso con Fondazione Fiera Milano un contratto annuale per la reciproca fornitura di servizi, resi opportuni o necessari dallo svolgimento delle rispettive attivit\u00e0. Il contratto \u00e8 rinnovabile di anno in anno previo accordo scritto tra le parti. Il contratto prevede la fornitura di due tipologie di servizi: (i) servizi di carattere generale, rientranti nel complesso delle attivit\u00e0 del soggetto che li fornisce, resi al committente su base continuativa e sistematica; (ii) servizi specifici, ossia servizi erogati su richiesta e relativi ad attivit\u00e0 specifiche da concordare di volta in volta tra soggetto committente e soggetto fornitore, anche sulla base di offerte/preventivi appositi. Il contratto di fornitura di servizi \u00e8 regolato a condizioni di mercato. VI. Contratti di licenza d\u2019uso del marchio Fiera Milano In data 17 dicembre 2001, Fondazione Fiera Milano, quale proprietario del marchio \u201cFiera Milano\u201d ha concesso a Fiera Milano SpA una licenza d\u2019uso, in esclusiva, del citato marchio al fine di contraddistinguere la propria attivit\u00e0, anche mediante l\u2019apposizione dello stesso sulla carta intestata, sulle proprie pubblicazioni di carattere commerciale nonch\u00e9 per contraddistinguere le proprie sedi ed uffici. La licenza \u00e8 stata concessa per il territorio italiano e per tutti i Paesi e le classi dove il marchio \u00e8 stato o sar\u00e0 depositato o registrato. Il corrispettivo simbolico corrisposto da Fiera Milano SpA a Fondazione Fiera Milano \u00e8 pari ad euro 1. Fondazione Fiera Milano, in quanto soggetto che ha nel proprio scopo sociale lo sviluppo del settore fieristico, ha inteso mantenere nella propria titolarit\u00e0 il marchio Fiera Milano non includendolo nel ramo d\u2019azienda \u201cGestione dell\u2019Attivit\u00e0 Fieristica\u201d conferito alla Capogruppo nel 2001, ma prevedendo l\u2019utilizzo di detto marchio da parte di Fiera Milano per un periodo di tempo molto lungo e senza oneri per il suo utilizzo. Si segnala che tale licenza si rinnova di anno in anno con scadenza al 31 dicembre 2032. VII. Contratto di Conto corrente di corrispondenza con Fiera Milano SpA In data 24 giugno 2016 con decorrenza 1\u00b0 luglio 2016 \u00e8 stato stipulato il nuovo contratto di conto corrente di corrispondenza. Il contratto scade il 31 dicembre e si intende automaticamente rinnovato di anno in anno, salvo disdetta da inviarsi a cura di una delle Parti entro il 30 settembre precedente alla scadenza. Con il presente contratto, le parti hanno risolto per mutuo consenso il conto corrente di corrispondenza preesistente che \u00e8 stato considerato prima rimessa del nuovo conto corrente di corrispondenza. Le parti regolano gli incassi e i pagamenti derivanti dai contratti cui sono reciprocamente obbligati, quali in particolare i canoni di locazione dei Quartieri Fieristici e i sevizi resi tra le parti. Il tasso fissato pari all\u2019euribor a 1 mese pi\u00f9 uno spread dello 0,75%. Sui crediti derivanti dalle fatture emesse dalle parti matureranno interessi a 60 giorni data fattura fine mese e resteranno inesigibili ed indisponibili fino alla chiusura del conto corrente, fatto salvo per le fatture scadute da oltre 180 giorni che saranno sempre immediatamente esigibili. Le fatture relative ai canoni di locazione dei Quartieri Fieristici sono inserite nel rapporto ma maturano interessi e restano esigibili nel rispetto dei termini previsti dai contratti di riferimento. Il saldo delle fatture scadute da almeno 180 giorni, unitamente al saldo delle fatture relative ai contratti di locazione dei Quartieri Fieristici divenuti esigibili secondo i termini dei contratti di riferimento, rappresenta il saldo esigibile. Sono esclusi dal conto corrente i crediti che non sono suscettibili di compensazione. \u00c8 facolt\u00e0 della parte il cui saldo esigibile a credito, o a debito, supera l\u2019importo di 5.000 migliaia di euro chiederne il pagamento, o procedere al pagamento; nel caso di richiesta di pagamento il saldo della stessa dovr\u00e0 essere effettuato entro 15 giorni lavorativi dalla richiesta stessa . La chiusura del conto corrente di corrispondenza con la liquidazione degli interessi deve essere effettuata ogni trimestre. VIII. Piano di investimenti \u201cCorporate Think Tank\u201d Fondazione Fiera Milano, nell\u2019ambito del piano per la competitivit\u00e0 e la sostenibilit\u00e0 delle strutture fieristiche e congressuali ha stipulato un accordo con Fiera Milano SpA e Fiera Milano Congressi SpA tramite il quale si impegna a sostenere importanti progetti di investimento. Le parti hanno sviluppato la loro collaborazione attraverso la costituzione di un \u201cCorporate Think Tank\u201d per l\u2019analisi, il confronto e la valutazione congiunta delle modalit\u00e0 di esecuzione degli investimenti. IX. Contratto di sublocazione immobiliare In data 21 marzo 2019 Fiera Milano ha pubblicato, ai sensi dell\u2019articolo 5 del Regolamento Consob 17221 del 12 marzo 2010 e successive modifiche in materia di Operazioni con Parti Correlate, il Documento Informativo avente per oggetto gli accordi relativi alla sublocazione delle coperture degli spazi espositivi di Rho-Pero per la realizzazione di un impianto fotovoltaico e al connesso contratto di acquisto dell\u2019energia rinnovabile, conclusi con Fair renew Srl, il cui capitale sociale \u00e8 detenuto da A2A Rinnovabili S.p.A. (60%), societ\u00e0 del Gruppo A2A, e da Fondazione Fiera Milano (40%). Rapporti con Societ\u00e0 collegate e joint venture Fiera Milano SpA e Ipack Ima Srl societ\u00e0 in joint venture con UCIMA, in data 21 febbraio 2016 hanno sottoscritto un contratto di finanziamento per un importo massimo pari a 3.000 migliaia di euro, con scadenza annuale e tacito rinnovo, al tasso dell\u20191,50%. Alla data del 31 dicembre 2022 il finanziamento risulta utilizzato per un importo nominale pari a 700 migliaia di euro. Ipack Ima Srl inoltre intrattiene con il Gruppo rapporti commerciali connessi alla preparazione delle due manifestazioni pluriennali organizzate dalla Societ\u00e0 (Ipack Ima e Meat-Tech) e usufruisce della gestione centralizzata di alcuni servizi amministrativi e tecnici. In data 4 dicembre 2018 \u00e8 stato modificato l\u2019accordo di governance riguardante MiCo DMC Srl con il partner AIM Group International Spa definendo una maggiore condivisione nelle scelte per gestione dell\u2019attivit\u00e0. In applicazione dell\u2019IFRS 11 tali accordi qualificano la societ\u00e0 come joint venture e, a partire dal 31 dicembre 2018, determinano la valutazione della partecipazione con il metodo del patrimonio netto in luogo del consolidamento integrale. I rapporti con il Gruppo sono legati al residuo finanziamento decennale concesso in data 18 maggio 2015 dalla controllante Fiera Milano Congressi Spa per 70 migliaia di euro nominali al tasso del 3% e all\u2019erogazione dei servizi logistici di \u201cdestination management\u201d. Rapporti con altre parti correlate Le voci pi\u00f9 significative sono rappresentate da: \u2022  passivit\u00e0 e attivit\u00e0 verso Ge.Fi. SpA, societ\u00e0 collegata alla Capogruppo a seguito dell\u2019acquisizione del 25% del capitale sociale in data 23 novembre 2022. I rapporti economici intercorsi riguardano la gestione della manifestazione Artigiano in Fiera; \u2022  passivit\u00e0 verso Federlegno Arredo Eventi SpA e Federlegno Arredo in seguito al trasferimento nel corso del 2019 di personale dipendente da MADE eventi Srl. A fronte di tale cessione la Societ\u00e0 ha iscritto un debito corrispondente ai ratei maturati dai dipendenti; \u2022  ricavi e spese operative verso Fiera Parking SpA, societ\u00e0 interamente posseduta da Fondazione Fiera Milano. In data 5 luglio 2018 Fiera Milano SpA ha stipulato con Fiera Parking SpA un contratto di affidamento della gestione dei parcheggi al servizio del centro espositivo fieramilanocity. Il contratto ha durata di sette anni a decorrere dal 1\u00b0 settembre 2018 . Le partite patrimoniali-finanziarie ed economiche intercorrenti con parti correlate non consolidate sono riepilogate nella tabella che segue. Partite patrimoniali ed economiche intercorrenti con parti correlate al 31/12/2022 (migliaia di euro) Incrementi Diritti d\u2019uso delle attivt\u00e0 in locazione Attivit\u00e0 finanziarie non correnti Crediti commerciali e altri non correnti Crediti commerciali e altri Rimanenze Attivit\u00e0 finanziarie correnti Attivit\u00e0 destinate alla vendita Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione non correnti Acconti Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti Altre passivit\u00e0 finanziarie correnti Altre passivit\u00e0 correnti Ricavi delle vendite e delle prestazioni Costi per materiali Costi per servizi Costi per godimento di beni di terzi Altre spese operative Proventi diversi Proventi finanziari e assimilati Oneri finanziari e assimilati Imposte sul reddito Controllante e Consociate                                        Fondazione Fiera Milano 15.338   33.240   3.404   345.348   48.295   130   78   596  121  234  462   151   10.849  -1.477 Imprese collegate e joint venture Ipack Ima Srl 20   703   18   18   5.675   188   333   18 MiCo DMC Srl 71   40   148   65   536   14  4   1.913  77   134   2 Ge.Fi. SpA 2.051   3.567   3.850   32   7 Hannover Milano Fairs Shangai LTD 10   31 Hannover Milano Fairs China LTD 4 Hannover Milano Fairs India LTD 6 Altre parti correlate Fair renew Srl 76   743   18 Federlegno Arredo 37 Federlegno Arredo Eventi SpA 40 Fiera Parking SpA 35   24   128   5 Totali parti Correlate 15.338   71   33.240   5.550   148   703   65   345.348   28   48.295   130   4.352   10.190   4   3.007   77   362   959   171   10.849  -1.477 Totali saldi di Bilancio -   2.386   33.424   33.404   3.144   36.420   2.672   346.858   29.869   49.889   618   20.723   220.285   4.078   110.159   1.246   3.931   4.135   1.600   14.524  2.055 % Correlate/Bilancio -  3% 99% 17% 5% 2% 2% 100% - 97% 21% 21% 5% - 3% 6% 9% 23% 11% 75% -72% Per l\u2019informativa relativa ai compensi corrisposti ai componenti degli Organi di Amministrazione e di Controllo, ai Direttori Generali ed ai Dirigenti con Responsabilit\u00e0 Strategiche, relativi all\u2019esercizio al 31 dicembre 2022, si rimanda alla tabella riportata nelle altre informazioni . Rendiconto finanziario delle Parti correlate (migliaia di euro)    2022 2021* Flusso finanziario derivante dalla gestione operativa       Ricavi e proventi   11.149 10.954 di cui operazioni non ricorrenti   - 5.500 Costi e oneri   -3.450 -1.375 Proventi finanziari   171 27 Oneri finanziari su attivit\u00e0 in leasing (IFRS 16)   -10.845 -11.632 Altri oneri finanziari   -4 -83 Oneri/proventi da consolidato fiscale   1.477 8.745 Variazione crediti commerciali e altri   -2.703 -4.036 Variazione rimanenze   -123 70 Variazione acconti   -1.311 568 Variazione altre passivit\u00e0 correnti   268 3.631 Totale derivante da attivit\u00e0 in continuit\u00e0   -5.371 6.869 Totale derivante da attivit\u00e0 destinate alla vendita -65 -236 Flusso finanziario derivante dalle attivit\u00e0 di investimento  Investimenti in immobilizzazioni:  . Materiali e Immateriali   - - . Altre attivit\u00e0 immobilizzate    - - Totale derivante da attivit\u00e0 in continuit\u00e0    -   - Totale derivante da attivit\u00e0 destinate alla vendita  -   - Flusso derivante dalle attivit\u00e0 finanziarie    -   - Variazione crediti finanziari correnti   1.705 -1.088 Variazione debiti finanziari correnti   -9.430 8.247 Variazione debiti finanziari correnti relativi al diritto d'uso delle attivit\u00e0 in locazione -29.219 -36.693 Totale derivante da attivit\u00e0 in continuit\u00e0   -36.944 -29.534 Totale derivante da attivit\u00e0 destinate alla vendita  -   - Flusso finanziario dell'esercizio da attivit\u00e0 in continuit\u00e0 -42.315 -22.665 Flusso finanziario dell'esercizio da attivit\u00e0 destinate alla vendita -65 -236 *  Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito del conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma. L\u2019incidenza dei flussi finanziari con Parti correlate \u00e8 indicata nella seguente tabella:  Flusso finanziario derivante dalla gestione operativa Flusso finanziario derivante dalle attivit\u00e0 di investimento Flusso derivante dalle attivit\u00e0 finanziarie Esercizio chiuso al 31.12.22:      Totale 30.650 -15.059 -79.855 Parti correlate -5.436  -  -36.944 Esercizio chiuso al 31.12.21:      Totale 113.172 -4.513 19.150 Parti correlate 6.633  -  -29.534 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "16) Disponibilit\u00e0 liquide e mezzi equivalenti Ammontano a 81.971 migliaia di euro (148.250 migliaia di euro al 31 dicembre 2021) e sono costituite pressoch\u00e9 interamente da disponibilit\u00e0 liquide bancarie. L\u2019importo \u00e8 iscritto al netto delle disponibilit\u00e0 liquide previste in uscita per il conferimento del ramo d\u2019azienda relativo alla manifestazione \u201cTuttofood\u201d pari a 1.809 migliaia di euro (48 migliaia di euro al 31 dicembre 2021). Per maggiori dettagli si rimanda alla nota 1.7 \u201cInformativa sulle attivit\u00e0 destinate alla vendita\u201d. Si segnala che il saldo dell\u2019esercizio precedente accoglieva i contributi pubblici ottenuti per fronteggiare la sospensione delle attivit\u00e0 fieristiche a seguito dell\u2019emergenza di Covid-19 incassati nell\u2019ultima parte dell\u2019anno. La dinamica dei flussi finanziari rispetto al 31 dicembre 2021 si rileva nel prospetto \u201cRendiconto finanziario consolidato\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "17) Patrimonio netto Il Patrimonio netto consolidato \u00e8 cos\u00ec costituito: Patrimonio netto     (migliaia di euro)  31/12/22 31/12/21 variazione Capitale sociale 42.182 42.284 -102 di cui azioni proprie -263 -161 -102 Riserva da sovrapprezzo azioni 9.828 10.256 -428 di cui azioni proprie -2.700 -2.272 -428 Altre riserve 5.298 2.623 2.675 Risultato netto di esercizi precedenti 53.951 8.792 45.159 Risultato netto dell\u2019esercizio -5.599 44.359 -49.958 Patrimonio netto di Gruppo 105.660 108.314 -2.654 Capitale e riserve - interessenze di minoranza 694 949 -255 Risultato netto - interessenze di minoranza -161 -278 117 Interessenze di minoranza 533 671 -138 Totale 106.193 108.985 -2.792 Si segnala che, a seguito del riallineamento delle divergenze tra valori contabili e fiscali di avviamenti e marchi  iscritti in bilancio, ai sensi di quanto previsto dall\u2019art.110 del D.L. 104/20 successivamente modificato dall\u2019art. 1 c.  83 della legge n.178 del 30 dicembre 2020 (legge di bilancio 2021), \u00e8 apposto il vincolo della sospensione di imposta  sul capitale sociale e sulle riserve esistenti per un ammontare pari a 64.087 migliaia di euro, corrispondente ai  maggiori valori oggetto di riallineamento al netto dell\u2019imposta sostitutiva del 3%. Le consistenze e le variazioni delle voci sono dettagliate nel seguito: Capitale sociale Al 31 dicembre 2022 la voce in esame ammonta a 42.182 migliaia di euro (42.284 migliaia di euro al 31 dicembre  2021), al netto delle azioni proprie per 263 migliaia di euro. Il capitale sociale, interamente versato, \u00e8 suddiviso  in n. 71.917.829 azioni ordinarie, senza vincoli riguardo la distribuzione dei dividendi e il rimborso di capitale, a  eccezione di quanto previsto dalla legge per le azioni proprie. La consistenza delle azioni in circolazione \u00e8 riportata nella tabella che segue: Numero azioni  al 31 dicembre  2021 Movimentazione Numero azioni  al 31 dicembre  2022 Aumenti di  capitale Acquisti Assegnazioni  a beneficiari  del piano di  performance  shares Azioni ordinarie emesse 71.917.829  -  -  -  71.917.829  Azioni proprie 273.758  -  171.901   -  445.659  Azioni in circolazione 71.644.071  -  -  -  71.472.170  In applicazione dei principi contabili IAS/IFRS, con riferimento all\u2019acquisto di azioni proprie, l\u2019importo del valore  nominale \u00e8 stato portato direttamente in diminuzione del capitale sociale mentre il valore compreso tra il valore  d\u2019acquisto e il valore nominale delle azioni proprie \u00e8 stato portato a diretta riduzione della riserva sovrapprezzo  delle azioni. Si ricorda che, l\u2019Assemblea straordinaria degli Azionisti della Capogruppo, con la delibera del 31 luglio 2015, contestualmente all\u2019aumento di capitale ha deliberato di eliminare il valore nominale delle azioni rappresentative del capitale sociale. Pertanto, a partire da tale data, il valore nominale, \u00e8 calcolato implicitamente dividendo il valore del capitale sociale per il numero delle azioni ordinarie emesse. Al 31 dicembre 2022, il valore nominale implicito \u00e8 pari a 0,59 euro. In data 13 ottobre 2022 la Capogruppo ha comunicato l\u2019avvio del programma di acquisto di azioni proprie, in esecuzione dell\u2019autorizzazione conferita dall\u2019Assemblea Ordinaria degli Azionisti del 22 aprile 2022. Il programma \u00e8 finalizzato ad incrementare il portafoglio di azioni proprie da destinare a servizio di piani di incentivazione azionaria, sia esistenti sia futuri, riservati ad amministratori e/o dipendenti della Societ\u00e0. Alla data del 31 dicembre 2022 le azioni proprie acquisite sono state 171.901 al prezzo medio unitario di euro 3,08 per un controvalore di 529 migliaia di euro. La Capogruppo alla data del 31 dicembre 2022 detiene 445.659 azioni proprie, pari allo 0,62% del capitale sociale. Riserva da sovrapprezzo azioni Ammonta a 9.828 migliaia di euro (10.256 migliaia di euro al 31 dicembre 2021) al netto delle azioni proprie pari a 2.700 migliaia di euro. La variazione in diminuzione di 428 migliaia di euro \u00e8 relativa all\u2019acquisto di azione proprie. Altre riserve La voce \u00e8 pari 5.298 migliaia di euro (2.623 migliaia di euro al 31 dicembre 2021) ed \u00e8 costituita: \u2022  per 8.489 migliaia di euro dalla Riserva legale della Capogruppo (8.489 migliaia di euro al 31 dicembre 2021); \u2022  per -6.551 migliaia di euro dalla Riserva di conversione valute (-6.532 migliaia di euro al 31 dicembre 2021); \u2022  per 2.315 migliaia di euro (-70 migliaia di euro al 31 dicembre 2021) dalla riserva per operazioni di copertura finanziaria; \u2022  per 1.045 migliaia di euro (736 migliaia di euro al 31 dicembre 2021) dalla riserva per stock grant relativa al costo figurativo del \u201cPiano di Performance Shares\u201d inserito all\u2019interno del piano di incentivazione per il management relativo al periodo 2021-2022. Risultato netto di esercizi precedenti Ammonta a 53.951 migliaia di euro (8.792 migliaia di euro al 31 dicembre 2021). Le variazioni intervenute nel corso dell\u2019esercizio sono le seguenti: \u2022  incremento di 44.359 migliaia di euro per destinazione del risultato dell\u2019esercizio precedente; \u2022  incremento di 800 migliaia di euro per la rimisurazione dei piani a benefici definiti al netto dell\u2019effetto fiscale. Risultato netto dell\u2019esercizio L\u2019esercizio chiuso al 31 dicembre 2022 presenta un risultato netto di Gruppo di -5.599 migliaia di euro (risultato positivo di 44.359 migliaia di euro al 31 dicembre 2021). Capitale e riserve - interessenze di minoranza Ammontano a 694 migliaia di euro (949 migliaia di euro al 31 dicembre 2021). Le variazioni intervenute nel corso dell\u2019esercizio sono le seguenti: \u2022  decremento di 278 migliaia di euro per destinazione del risultato dell\u2019esercizio precedente; \u2022  incremento di 23 migliaia di euro per la rimisurazione dei piani a benefici definiti al netto dell\u2019effetto fiscale. Risultato netto - interessenze di minoranza Il risultato netto riferito alle interessenze di minoranza \u00e8 negativo per 161 migliaia di euro (-278 migliaia di euro al 31 dicembre 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "17) Patrimonio netto Il Patrimonio netto consolidato \u00e8 cos\u00ec costituito: Patrimonio netto     (migliaia di euro)  31/12/22 31/12/21 variazione Capitale sociale 42.182 42.284 -102 di cui azioni proprie -263 -161 -102 Riserva da sovrapprezzo azioni 9.828 10.256 -428 di cui azioni proprie -2.700 -2.272 -428 Altre riserve 5.298 2.623 2.675 Risultato netto di esercizi precedenti 53.951 8.792 45.159 Risultato netto dell\u2019esercizio -5.599 44.359 -49.958 Patrimonio netto di Gruppo 105.660 108.314 -2.654 Capitale e riserve - interessenze di minoranza 694 949 -255 Risultato netto - interessenze di minoranza -161 -278 117 Interessenze di minoranza 533 671 -138 Totale 106.193 108.985 -2.792 Si segnala che, a seguito del riallineamento delle divergenze tra valori contabili e fiscali di avviamenti e marchi iscritti in bilancio, ai sensi di quanto previsto dall\u2019art.110 del D.L. 104/20 successivamente modificato dall\u2019art. 1 c. 83 della legge n.178 del 30 dicembre 2020 (legge di bilancio 2021), \u00e8 apposto il vincolo della sospensione di imposta sul capitale sociale e sulle riserve esistenti per un ammontare pari a 64.087 migliaia di euro, corrispondente ai maggiori valori oggetto di riallineamento al netto dell\u2019imposta sostitutiva del 3%. Le consistenze e le variazioni delle voci sono dettagliate nel seguito: Capitale sociale Al 31 dicembre 2022 la voce in esame ammonta a 42.182 migliaia di euro (42.284 migliaia di euro al 31 dicembre 2021), al netto delle azioni proprie per 263 migliaia di euro. Il capitale sociale, interamente versato, \u00e8 suddiviso in n. 71.917.829 azioni ordinarie, senza vincoli riguardo la distribuzione dei dividendi e il rimborso di capitale, a eccezione di quanto previsto dalla legge per le azioni proprie. La consistenza delle azioni in circolazione \u00e8 riportata nella tabella che segue:  Numero azioni al 31 dicembre 2021 Movimentazione  Numero azioni al 31 dicembre 2022 Aumenti di capitale Acquisti Assegnazioni a beneficiari del piano di performance shares Azioni ordinarie emesse 71.917.829  -  -  -  71.917.829 Azioni proprie 273.758  -  171.901   -  445.659 Azioni in circolazione 71.644.071  -  -  -  71.472.170 In applicazione dei principi contabili IAS/IFRS, con riferimento all\u2019acquisto di azioni proprie, l\u2019importo del valore nominale \u00e8 stato portato direttamente in diminuzione del capitale sociale mentre il valore compreso tra il valore d\u2019acquisto e il valore nominale delle azioni proprie \u00e8 stato portato a diretta riduzione della riserva sovrapprezzo delle azioni. Si ricorda che, l\u2019Assemblea straordinaria degli Azionisti della Capogruppo, con la delibera del 31 luglio 2015,  contestualmente all\u2019aumento di capitale ha deliberato di eliminare il valore nominale delle azioni rappresentative  del capitale sociale. Pertanto, a partire da tale data, il valore nominale, \u00e8 calcolato implicitamente dividendo il  valore del capitale sociale per il numero delle azioni ordinarie emesse. Al 31 dicembre 2022, il valore nominale  implicito \u00e8 pari a 0,59 euro. In data 13 ottobre 2022 la Capogruppo ha comunicato l\u2019avvio del programma di acquisto di azioni proprie, in  esecuzione dell\u2019autorizzazione conferita dall\u2019Assemblea Ordinaria degli Azionisti del 22 aprile 2022. Il programma  \u00e8 finalizzato ad incrementare il portafoglio di azioni proprie da destinare a servizio di piani di incentivazione  azionaria, sia esistenti sia futuri, riservati ad amministratori e/o dipendenti della Societ\u00e0. Alla data del 31 dicembre  2022 le azioni proprie acquisite sono state 171.901 al prezzo medio unitario di euro 3,08 per un controvalore di  529 migliaia di euro. La Capogruppo alla data del 31 dicembre 2022 detiene 445.659 azioni proprie, pari allo  0,62% del capitale sociale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "18) Debiti verso banche Debiti verso banche     (migliaia di euro)  31/12/22 31/12/21 variazione Finanziamenti bancari  60.866   98.229  -37.363 Totale  60.866   98.229  -37.363 I debiti verso banche non correnti pari a 60.866 migliaia di euro (98.229 migliaia di euro al 31 dicembre 2021). Riguardano i seguenti finanziamenti riconducibili alla Capogruppo: \u2022  per 36.867 migliaia di euro la quota del finanziamento sottoscritto in data 17 febbraio 2021 da un pool di primari istituti di credito (Intesa Sanpaolo, Banco BPM e Unicredit) con scadenza 31 dicembre 2025 e con 24 mesi di preammortamento. Tale finanziamento \u00e8 remunerato a tasso di interesse variabile con copertura finanziaria (Interest Rate Swap) ed \u00e8 soggetto alla misurazione su base semestrale di covenant finanziari. Con riferimento alla misurazione semestrale al 31 dicembre 2022 i covenant sono stati rispettati; \u2022  per 13.437 migliaia di euro la quota non corrente del finanziamento sottoscritto in data 22 febbraio 2021 da Cassa Depositi e Prestiti con scadenza 31 dicembre 2025 e con 24 mesi di preammortamento. Tale finanziamento \u00e8 remunerato a tasso di interesse fisso ed \u00e8 soggetto alla misurazione su base semestrale di covenant finanziari. Con riferimento alla misurazione semestrale al 31 dicembre 2022 i covenant sono stati rispettati.  I finanziamenti descritti sopra, sono assistiti per il 90% dell\u2019importo erogato dalla garanzia rilasciata da SACE, nell\u2019ambito del programma \u201cGaranzia Italia\u201d ai sensi dell\u2019art. 1 del decreto legge n.23/2020, convertito, con modificazioni dalla legge n.40/2020 (c.d. \u201cDecreto Liquidit\u00e0\u201d). \u2022  per 7.000 migliaia di euro la quota del finanziamento sottoscritto in data 28 aprile 2021 da SIMEST con scadenza 31 dicembre 2027 e con 36 mesi di preammortamento. Tale finanziamento \u00e8 remunerato a tasso di interesse fisso. Il finanziamento \u00e8 stato concesso nell\u2019ambito delle disponibilit\u00e0 della sezione del Fondo 394/8, ai sensi dell\u2019articolo 91, commi 1 e 2, del decreto legge 14 agosto 2020, n.104, convertito, con modificazioni, dalla legge 13 ottobre 2020, n.126, e dell\u2019articolo 6, comma 3, n. 1, del decreto legge 28 ottobre 2020, n.137; \u2022  per 2.812 migliaia di euro la quota non corrente del finanziamento di 5.000 migliaia di euro sottoscritto in data 19 maggio 2021 dalla Banca Carige con scadenza 31 marzo 2026 e con 12 mesi di preammortamento. Tale finanziamento \u00e8 remunerato a tasso di interesse variabile. Inoltre, per 750 migliaia di euro, i debiti bancari si riferiscono alla quota non corrente del finanziamento a medio lungo termine concesso a MADE Eventi Srl, in data 27 settembre 2021, dalla Banca Monte dei Paschi di Siena con scadenza 30 settembre 2024 e con 12 mesi di preammortamento. Tale finanziamento \u00e8 remunerato al tasso di interesse fisso pari allo 0,95%. Il finanziamento \u00e8 assistito per l\u201980% dell\u2019importo erogato dalla garanzia rilasciata da SACE, nell\u2019ambito del programma \u201cGaranzia Italia\u201d ai sensi dell\u2019art. 1 del decreto legge n.23/2020, convertito, con modificazioni dalla legge n.40/2020 (c.d. \u201cDecreto Liquidit\u00e0\u201d). La variazione rispetto all\u2019esercizio precedente \u00e8 dovuta principalmente all\u2019estinzione del debito relativo alle quote a medio-lungo termine di alcuni finanziamenti oltre che al rimborso anticipato del finanziamento di 10.000 migliaia di euro sottoscritto in data 22 ottobre 2021 da Banca Bper. Per maggiori dettagli si rimanda alla nota 34.2 Rischio di liquidit\u00e0. 25) Debiti verso banche Ammontano a 27.250 migliaia di euro (938 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec composti: Debiti verso banche (migliaia di euro)  31/12/22 31/12/21 variazione Finanziamenti bancari  27.250   938   26.312 Totale  27.250   938   26.312 I debiti verso banche riguardano per 18.333 migliaia di euro la quota a breve termine del finanziamento sottoscritto in data 17 febbraio 2021 (Intesa Sanpaolo, Banco BPM e Unicredit), per 6.667 migliaia di euro la quota del finanziamento Cassa Depositi e Prestiti sottoscritto in data 22 febbraio 2021, per 1.250 migliaia di euro (938 migliaia di euro al 31 dicembre 2021) la quota del finanziamento Banca Carige sottoscritto in data 19 maggio 2021 e per 1.000 migliaia di euro la quota del finanziamento Banca Monte dei Paschi di Siena sottoscritto in data 27 settembre 2021. Il Gruppo attua misure volte ad assicurare che siano mantenuti livelli adeguati di capitale circolante e liquidit\u00e0 che, eventuali contrazioni dei volumi di attivit\u00e0, dovute alla stagionalit\u00e0 che caratterizza il settore, possono avere un impatto sui risultati economici e sulla capacit\u00e0 di generare flussi di liquidit\u00e0. Alla data del 31 dicembre 2022 l\u2019indebitamento finanziario netto, non comprensivo della lease liability IFRS 16, \u00e8 pari a -29.783 migliaia di euro, con una variazione di 17.559 migliaia di euro rispetto al dato del 31 dicembre 2021. L\u2019obiettivo di risk management del Gruppo \u00e8 quello di garantire, anche in presenza di indebitamento finanziario, un adeguato livello di liquidit\u00e0, minimizzando il relativo costo opportunit\u00e0 e mantenendo un equilibrio in termini di durata e di composizione del debito. Nel mese di febbraio 2021 sono stati sottoscritti due finanziamenti a 5 anni, con 24 mesi di preammortamento per complessivi 75 milioni di euro, entrambi assistiti per il 90% dell\u2019importo erogato dalla garanzia rilasciata da SACE, nell\u2019ambito del programma \u201cGaranzia Italia\u201d ai sensi dell\u2019art. 1 del decreto legge n. 23/2020, convertito, con modificazioni dalla legge n.40/2020 (c.d. \u201cDecreto Liquidit\u00e0\u201d). In particolare, \u00e8 stato sottoscritto un finanziamento con un pool di primari istituti di credito (Intesa Sanpaolo, Banco BPM e Unicredit) per 55 milioni di euro e un finanziamento con Cassa Depositi e Prestiti per 20 milioni di euro, soggetti alla misurazione su base semestrale di covenant finanziari a partire dal 30 giugno 2021. La Capogruppo ha sottoscritto con SIMEST il 28 aprile 2021, un finanziamento da 7 milioni di euro concesso nell\u2019ambito delle disponibilit\u00e0 della sezione del Fondo 394/8, ai sensi dell\u2019articolo 91, commi 1 e 2, del decreto legge 14 agosto 2020, n. 104, convertito, con modificazioni, dalla legge 13 ottobre 2020, n. 126, e dell\u2019articolo 6, comma 3, n. 1, del decreto legge 28 ottobre 2020, n. 137. Il finanziamento ha scadenza 31 dicembre 2027, con termine del periodo di preammortamento il 31 dicembre 2023. Nel mese di maggio 2021 \u00e8 stato sottoscritto con Banca Carige un finanziamento pari a 5 milioni di euro, a 5 anni con 12 mesi di preammortamento, garantito al 90% da SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra citato. In data 29 aprile \u00e8 stato rimborsato il finanziamento con Banca Bper pari a 10 milioni di euro, sottoscritto nel corso del 2021. MADE eventi Srl in data 27 settembre 2021 ha sottoscritto un finanziamento con Banca Monte dei Paschi di Siena pari a 2 milioni di euro, con scadenza 30 settembre 2024 e 12 mesi di preammortamento, garantito all\u201980% da SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra citato. Il Gruppo dispone di depositi bancari e liquidit\u00e0 sui conti correnti per un ammontare pari a 114,4 milioni di euro, a fronte di debiti bancari complessivi pari 88,1 milioni di euro, con piani di rimborso che arrivano fino al 2027. Inoltre, beneficia di affidamenti per prestiti di breve termine per un ammontare pari a 53,5 milioni di euro. Infine, le proiezioni finanziarie 2023-2026 evidenziano che le attivit\u00e0 ordinarie genereranno ulteriori flussi di cassa positivi, destinati a rafforzare ulteriormente la posizione finanziaria della Societ\u00e0 e a garantire il rispetto dei covenant concordati con i finanziatori, mantenendo costantemente un corretto equilibrio finanziario. Nelle tabelle che seguono vengono esposte le analisi per scadenze delle passivit\u00e0 finanziarie e la stima dei relativi interessi passivi per periodo di maturazione al 31 dicembre 2021 e al 31 dicembre 2022. Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al 31/12/21 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e non correnti * 99.096   312  875   13.649   14.899   33.774   33.838   1.750 Interessi passivi correnti e non correnti   180 209  399   376   326   453   197   7 Altre passivit\u00e0 finanziarie correnti e non correnti 9.994  9.560     434           Interessi passivi correnti    18               Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti 411.944 14.299 8.978 18.101 18.334 18.582 37.176 76.340  220.134 Interessi passivi correnti e non correnti   2.683 2.620 5.061 4.813 4.563 8.368 13.683  15.602 Debiti fornitori 50.569 50.569              Totale 571.603 77.309 12.119 24.870  37.172   38.370   79.771   124.058   237.493 * escluso derivato di copertura Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al 31/12/22 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e non correnti 88.116 6.862 6.862  13.675   14.550   14.300   31.867     Interessi passivi correnti e non correnti    565 537  922   725   540   529     Altre passivit\u00e0 finanziarie correnti non correnti 2.301 130   488       1.683  Interessi passivi correnti   1            317   Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti 396.747 9.350 9.745 19.890 20.061 19.793 40.410 84.085  193.413 Interessi passivi correnti e non correnti   2.719 2.651 5.090 4.809 4.530 8.213 12.936  11.552 Debiti fornitori 50.317 50.317              Totale 537.481 69.944 19.795 40.065  40.145   39.163   81.019   99.021   204.965 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "19) Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione Ammontano a 346.858 migliaia di euro (370.568 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione  (migliaia di euro)  31/12/22 31/12/21 variazione Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione  346.858   370.568  -23.710 Totale  346.858   370.568  -23.710 Si riferiscono alla quota a medio-lungo termine della lease liability. Tale passivit\u00e0 rappresenta l\u2019obbligazione ad effettuare i pagamenti previsti dai contratti di locazione degli immobili e del parco auto, derivante dall\u2019applicazione del principio IFRS 16. La voce Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione include 345.348 migliaia di euro (367.703 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. 28) Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione Ammontano a 49.889 migliaia di euro (41.376 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione  (migliaia di euro)  31/12/22 31/12/21 variazione Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione  49.889   41.376   8.513 Totale  49.889   41.376   8.513 Si riferiscono alla quota a breve termine della lease liability. Tale passivit\u00e0 rappresenta l\u2019obbligazione ad effettuare i pagamenti previsti dai contratti di locazione degli immobili e del parco auto, ed \u00e8 rilevata in applicazione del principio IFRS 16. La variazione in aumento si riferisce principalmente alla presenza nell\u2019esercizio precedente della riduzione temporanea dei canoni di locazione dei poli fieristici di Rho e Milano, oltre che alla rivalutazione monetaria del contratto di locazione dei quartieri fieristici. La voce Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione include 48.295 migliaia di euro (39.821 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "20) Altre passivit\u00e0 finanziarie Ammontano a 1.683 migliaia di euro (saldo pari a zero al 31 dicembre 2021) e sono cos\u00ec composti: Altre passivit\u00e0 finanziarie (migliaia di euro)  31/12/22 31/12/21 variazione prezzo a termine su Societ\u00e0 collegate  1.683  -  1.683 Totale  1.683   -  1.683 La voce si riferisce al valore attuale del debito relativo alla componente di prezzo a termine sulla partecipazione acquisita nell\u2019esercizio, iscritta in ragione del raggiungimento di specifici obiettivi stabiliti nel Business Plan e da corrispondersi a seguito dell\u2019approvazione del bilancio 2025 di Ge.Fi. SpA. Tale valore \u00e8 stato determinato al momento dell\u2019acquisizione ed \u00e8 stato attualizzato al tasso di indebitamento del 5,18% calcolato in base alle attuali condizioni di mercato. Per maggiori dettagli si rimanda a quanto esposto nella nota 2. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "21) Fondi per rischi e oneri Ammontano a 500 migliaia di euro (72 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Fondi per rischi e oneri (migliaia di euro)  31/12/21 accantonamenti Rilascio quote eccedenti riclassifiche 31/12/22 Fondi per rischi e oneri  72   500   72   -  500 Totale  72   500   72   -  500 La voce fondi per rischi ed oneri fa riferimento alla Capogruppo per rischi diversi costituti per far fronte agli esborsi calcolati in base al presumibile esito degli stessi. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "22) Fondi relativi al personale Ammontano a 7.763 migliaia di euro (9.527 migliaia di euro al 31 dicembre 2021). I fondi per piani a benefici definiti, valutati applicando tecniche attuariali e riferiti al Trattamento di fine rapporto maturato al 31 dicembre 2022, si analizzano come segue: Fondi relativi al Personale  (migliaia di euro)  31/12/21 Valutazione attuariale Indennit\u00e0 e anticipazioni erogate 31/12/22 Piani a benefici definiti  9.527  -721   1.043   7.763 Totale  9.527  -721   1.043   7.763 Valutazione attuariale  (migliaia di euro) Costi del Personale:   - Indennit\u00e0 relative a piani a benefici definiti  232 Oneri finanziari:   - Oneri da attualizzazione  95 Altre componenti del conto economico complessivo  - Rimisurazione piani a benefici definiti -1.048 Totale -721 Il Gruppo nella determinazione dei conteggi attuariali si avvale del supporto di un professionista iscritto ad apposito Albo. Di seguito sono evidenziate le principali ipotesi/assunzioni utilizzate per la determinazione attuariale dei Piani a benefici definiti: Ipotesi demografiche probabilit\u00e0 di decesso Sono state utilizzate le tavole di mortalit\u00e0 ISTAT 2011 distinte per sesso a cui \u00e8 applicata una riduzione del 20% per tenere conto dell\u2019evoluzione della mortalit\u00e0 probabilit\u00e0 di invalidit\u00e0 Sono state utilizzate le tavole di inabilit\u00e0/invalidit\u00e0 adottate nel modello INPS per le proiezioni al 2010 probabilit\u00e0 di dimissioni Sono state utilizzate delle probabilit\u00e0 di turn-over riscontrate nelle Societ\u00e0 oggetto di valutazione con frequenze annue del 9% probabilit\u00e0 di pensionamento Si \u00e8 supposto il raggiungimento del primo dei requisiti pensionabili validi per l\u2019Assicurazione Generale Obbligatoria (AGO) probabilit\u00e0 di anticipazione Si \u00e8 supposto un tasso medio annuo pari al 3% ed un importo medio pari al 70% del TFR accumulato Ipotesi economico-finanziarie per il calcolo del TFR  31/12/22 31/12/21 Tasso annuo tecnico di attualizzazione 3,70% 1,00% Tasso annuo di inflazione 2,50% 1,75% Tasso annuo aumento retribuzioni complessivo 3,00% 2,50% Tasso annuo di incremento TFR 3,38% 2,81% Il tasso di attualizzazione \u00e8 stato determinato prendendo come riferimento l\u2019indice per l\u2019Eurozona Iboxx Corporate AA con durata uguale o maggiore a 10 anni. Nella tabella seguente \u00e8 fornita un\u2019analisi di sensitivit\u00e0 del debito al variare delle principali ipotesi utilizzate. Effetti sul debito per piani a benefici definiti (migliaia di euro) Ipotesi economico - finanziarie banda di oscillazione Base incrementi nelle ipotesi decrementi nelle ipotesi Tasso annuo tecnico di attualizzazione +/- 0,5%  7.763   7.551   7.984 Tasso annuo aumento retribuzioni complessivo +/- 0,5%  7.763   7.788   7.743 Ipotesi economico - finanziarie Aspettativa di vita +/- 1 anno  7.763   7.801   7.723 40) Costi del personale Ammontano a 44.413 migliaia di euro (40.720 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartiti: Costi del personale (migliaia di euro) 2022  2021  variazione Salari e stipendi  31.434   26.792   4.642 Oneri sociali  9.662   8.494   1.168 Incentivi all\u2019esodo  1.934   177   1.757 Indennit\u00e0 relative a piani a contribuzione definita  1.658   1.574   84 Altri costi  1.224   1.771  -547 Emolumenti Amministratori  738   805  -67 Collaboratori a progetto e interinali  673   86   587 Indennit\u00e0 relative a piani a benefici definiti  232   296  -64 Personale distaccato  -  6  -6 Variazione dei costi sospesi per manifestazioni future -1.172   881  -2.053 Utilizzo fondi -1.970  -162  -1.808 Totale  44.413   40.720   3.693 I salari e stipendi e gli oneri sociali ad essi correlati si incrementano principalmente per la presenza nel 1\u00b0 semestre 2021 del beneficio derivante dall\u2019attivazione del Fondo d\u2019Integrazione Salariale (FIS) oltre che per la parte variabile delle retribuzioni . La voce \u201cAltri costi\u201d comprende, per 309 migliaia di euro, i costi relativi al \u201cPiano di incentivazione  a medio termine\u201d approvato in data 28 aprile 2021 dall\u2019Assemblea degli Azionisti di Fiera Milano SpA. Tale piano ha lo scopo di incentivare il management al raggiungimento degli obiettivi strategici della Societ\u00e0 e ad allineare gli interessi dei beneficiari con quelli degli azionisti. Il Piano prevede l\u2019attribuzione a favore dei beneficiari di un determinato numero di azioni ordinarie a fronte del raggiungimento di specifici e predeterminati \u201cobiettivi di performance\u201d, relativi al periodo 2021-2022. La voce Costi del personale non include operazioni riguardanti parti correlate (4 migliaia di euro al 31 dicembre 2021). Il numero medio dei Dipendenti (inclusi i Lavoratori con contratto a termine), ripartito per categorie, \u00e8 indicato nella tabella che segue: Personale dipendente ripartito per categorie    2022   2021  Variazione Dirigenti 33 31  2 Quadri e Impiegati 654 668 -14 di cui Societ\u00e0 consolidate con il metodo del patrimonio netto:      Dirigenti 5 4  1 Quadri e Impiegati 75 77 -2 Totale dipendenti 687 699 -12 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "24) Altre passivit\u00e0 La voce \u00e8 pari a zero (655 migliaia di euro al 31 dicembre 2021). Altre passivit\u00e0 (migliaia di euro)  31/12/22 31/12/21 variazione Debiti tributari  -  655  -655 Totale  -  655  -655 La variazione si riferisce alla quota del debito relativo all\u2019imposta sostitutiva sorta in seguito al riallineamento fiscale di avviamenti e marchi di manifestazione, ora classificata nei debiti tributari correnti. 31) Debiti tributari Ammontano a 2.606 migliaia di euro (4.955 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Debiti tributari (migliaia di euro) 31/12/22 31/12/21 variazione Debiti verso Erario per Irpef lavoratori dipendenti  1.233   2.010  -777 Debiti verso Erario per imposte dell\u2019esercizio  493   940  -447 Debiti verso Erario per Irpef lavor.autonomi e co.co.pro.  117   145  -28 Altri debiti tributari  763   1.860  -1.097 Totale  2.606   4.955  -2.349 Il decremento della voce \u00e8 principalmente imputabile all\u2019estinzione del debito sorto a fronte della sospensione nell\u2019esercizio 2020 dei versamenti da ritenute e Irap, conseguente alle misure governative adottate per l\u2019emergenza sanitaria Covid-19. Gli altri debiti tributari si sono decrementati nella societ\u00e0 Fiera Milano Brasil Ltda per 1.008 migliaia di euro a fronte della liquidazione di un contenzioso tributario. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "26) Debiti verso fornitori Ammontano a 50.317 migliaia di euro (50.569 migliaia di euro al 31 dicembre 2021). I debiti verso fornitori riguardano prevalentemente fornitori italiani e si riferiscono per la maggior parte ad acquisti di servizi necessari allo svolgimento delle manifestazioni fieristiche e congressi inerenti l\u2019attivit\u00e0 tipica del Gruppo.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "27) Acconti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 29.86<span class=\"_ _1\"></span>9 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (3<span class=\"_ _1\"></span>5.88<span class=\"_ _1\"></span>6 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>no gli a<span class=\"_ _1\"></span>cc<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>i fat<span class=\"_ _1\"></span>tu<span class=\"_ _1\"></span>rati a c<span class=\"_ _1\"></span>lie<span class=\"_ _1\"></span>nti p<span class=\"_ _1\"></span>er l<span class=\"_ _1\"></span>e man<span class=\"_ _1\"></span>ife<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zion<span class=\"_ _1\"></span>i e i co<span class=\"_ _1\"></span>ngr<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>he si svol<span class=\"_ _1\"></span>ge<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>nno s<span class=\"_ _1\"></span>uc<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ivam<span class=\"_ _1\"></span>ente<span class=\"_ _348\"> </span>alla chiusura dell\u2019<span class=\"_ _6\"></span>esercizio.<span class=\"_ _0\"></span> La rilevazione dei ricavi \u00e8,<span class=\"_ _0\"></span> infatti, posticipata sino allo<span class=\"_ _0\"></span> svolgiment<span class=\"_ _0\"></span>o della manifestazione<span class=\"_ _348\"> </span>fieristica.<span class=\"_ _348\"> </span>La variazione rispet<span class=\"_ _1\"></span>to all\u2019<span class=\"_ _6\"></span>esercizio precedente \u00e8 conseguente principalmente alla<span class=\"_ _0\"></span> cadenza bienna<span class=\"_ _1\"></span>le o pluriennale<span class=\"_ _348\"> </span>di alcune manifestazioni.<span class=\"_ _348\"> </span>Acconti<span class=\"_ _290\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _291\"> </span> 31/12/22 <span class=\"_ _1a\"> </span><span class=\"fc4\"> 31/12/21 <span class=\"_ _1f9\"> </span>Variazione<span class=\"_ _348\"> </span></span>Host <span class=\"_ _1a5\"> </span><span class=\"fc0\"> 6.347 <span class=\"_ _3d\"> </span></span> 1.615 <span class=\"_ _2e\"> </span>4.732<span class=\"_ _348\"> </span>Salone del mobile/Complemento d\u2019arredo <span class=\"_ _11a\"> </span><span class=\"fc0\"> 2.564 <span class=\"_ _3d\"> </span></span> 2.160 <span class=\"_ _1fe\"> </span>404<span class=\"_ _348\"> </span>Homi <span class=\"_ _292\"> </span><span class=\"fc0\"> 2.469 <span class=\"_ _3d\"> </span></span> 3.235 <span class=\"_ _166\"> </span>-766<span class=\"_ _348\"> </span>Mido <span class=\"_ _221\"> </span><span class=\"fc0\"> 2.093 <span class=\"_ _3d\"> </span></span> 1.690 <span class=\"_ _1fe\"> </span>403<span class=\"_ _348\"> </span>Milano Unica <span class=\"_ _d3\"> </span><span class=\"fc0\"> 2.028 <span class=\"_ _228\"> </span></span> 869 <span class=\"_ _2e\"> </span>1.159<span class=\"_ _348\"> </span>Lineapelle - A new point of view <span class=\"_ _213\"> </span><span class=\"fc0\"> 1.290 <span class=\"_ _3d\"> </span></span> 1.070 <span class=\"_ _1fe\"> </span>220<span class=\"_ _348\"> </span>Plast <span class=\"_ _8e\"> </span><span class=\"fc0\"> 1.200 <span class=\"_ _3d\"> </span></span> 1.014 <span class=\"_ _1fe\"> </span>186<span class=\"_ _348\"> </span>Issa Pulire <span class=\"_ _1c8\"> </span><span class=\"fc0\"> 902 <span class=\"_ _256\"> </span></span> -<span class=\"_ _26\"> </span>902<span class=\"_ _348\"> </span>Micam <span class=\"_ _94\"> </span><span class=\"fc0\"> 691 <span class=\"_ _3d\"> </span></span> 1.679 <span class=\"_ _166\"> </span>-988<span class=\"_ _348\"> </span>Mostra Convegno Expocomfort <span class=\"_ _240\"> </span><span class=\"fc0\"> 613 <span class=\"_ _3d\"> </span></span> 6.510 <span class=\"_ _227\"> </span>-5.897<span class=\"_ _348\"> </span>Promotion Trade Exhibitions <span class=\"_ _293\"> </span><span class=\"fc0\"> 585 <span class=\"_ _228\"> </span></span> 411 <span class=\"_ _1fe\"> </span>174<span class=\"_ _348\"> </span>Euroluce <span class=\"_ _47\"> </span><span class=\"fs2 fc0\"> 547 <span class=\"_ _83\"> </span><span class=\"fc4\"> -<span class=\"_ _27\"> </span>547<span class=\"_ _348\"> </span></span></span>Exposec <span class=\"_ _294\"> </span><span class=\"fc0\"> 532 <span class=\"_ _228\"> </span></span> 932 <span class=\"_ _af\"> </span>-400<span class=\"_ _348\"> </span>Sicurezza <span class=\"_ _27a\"> </span><span class=\"fc0\"> 468 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>468<span class=\"_ _348\"> </span>Itma <span class=\"_ _143\"> </span><span class=\"fc0\"> 451 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>451<span class=\"_ _348\"> </span>Homi Fashion&amp;Jewels <span class=\"_ _10b\"> </span><span class=\"fc0\"> 428 <span class=\"_ _6e\"> </span></span> 167 <span class=\"_ _1fe\"> </span>261<span class=\"_ _348\"> </span>Made Expo <span class=\"_ _114\"> </span><span class=\"fc0\"> 317 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>317<span class=\"_ _348\"> </span>Si SposaItalia <span class=\"_ _1c6\"> </span><span class=\"fc0\"> 275 <span class=\"_ _6e\"> </span></span> 190 <span class=\"_ _27b\"> </span>85<span class=\"_ _348\"> </span>Myplant &amp; garden <span class=\"_ _c2\"> </span><span class=\"fc0\"> 271 <span class=\"_ _6e\"> </span></span> 580 <span class=\"_ _166\"> </span>-309<span class=\"_ _348\"> </span>Bit <span class=\"_ _1cd\"> </span><span class=\"fc0\"> 268 <span class=\"_ _6e\"> </span></span> 130 <span class=\"_ _186\"> </span>138<span class=\"_ _348\"> </span>Made in Steel <span class=\"_ _cd\"> </span><span class=\"fc0\"> 216 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>216<span class=\"_ _348\"> </span>Gee <span class=\"_ _295\"> </span><span class=\"fc0\"> 196 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>196<span class=\"_ _348\"> </span>Lamiera <span class=\"_ _7a\"> </span><span class=\"fc0\"> 178 <span class=\"_ _228\"> </span></span> 251 <span class=\"_ _225\"> </span>-73<span class=\"_ _348\"> </span>The One <span class=\"_ _46\"> </span><span class=\"fc0\"> 112 <span class=\"_ _228\"> </span></span> 137 <span class=\"_ _225\"> </span>-25<span class=\"_ _348\"> </span>Euroshop <span class=\"_ _27a\"> </span><span class=\"fc0\"> 105 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>105<span class=\"_ _348\"> </span>Transpotec &amp; Logitec <span class=\"_ _fd\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.897 <span class=\"_ _227\"> </span>-1.897<span class=\"_ _348\"> </span>Fisp <span class=\"_ _27c\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.413 <span class=\"_ _167\"> </span>-1.413<span class=\"_ _348\"> </span>Ipack-Ima <span class=\"_ _292\"> </span><span class=\"fc0\"> -<span class=\"_ _2e\"> </span></span> 1.339 <span class=\"_ _167\"> </span>-1.339<span class=\"_ _348\"> </span>Fesqua <span class=\"_ _14e\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 996 <span class=\"_ _af\"> </span>-996<span class=\"_ _348\"> </span>Print4all <span class=\"_ _1db\"> </span><span class=\"fc0\"> -<span class=\"_ _186\"> </span></span> 444 <span class=\"_ _af\"> </span>-444<span class=\"_ _348\"> </span>Expodetergo International <span class=\"_ _e0\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 417 <span class=\"_ _166\"> </span>-417<span class=\"_ _348\"> </span>Eurocucina <span class=\"_ _1cc\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 415 <span class=\"_ _166\"> </span>-415<span class=\"_ _348\"> </span>Venditalia <span class=\"_ _8e\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 407 <span class=\"_ _166\"> </span>-407<span class=\"_ _348\"> </span>Simei <span class=\"_ _296\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 306 <span class=\"_ _166\"> </span>-306<span class=\"_ _348\"> </span>Fire Show <span class=\"_ _292\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 296 <span class=\"_ _166\"> </span>-296<span class=\"_ _348\"> </span>Salone Internazione del Bagno <span class=\"_ _f2\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 261 <span class=\"_ _166\"> </span>-261<span class=\"_ _348\"> </span>Greenplast <span class=\"_ _8c\"> </span><span class=\"fc0\"> -<span class=\"_ _1fe\"> </span></span> 101 <span class=\"_ _166\"> </span>-101<span class=\"_ _348\"> </span>Miart <span class=\"_ _15b\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 61 <span class=\"_ _225\"> </span>-61<span class=\"_ _348\"> </span>Congressi e altre manifestazioni <span class=\"_ _101\"> </span><span class=\"fc0\"> 4.723 <span class=\"_ _3d\"> </span></span> 4.893 <span class=\"_ _af\"> </span>-170<span class=\"_ _348\"> </span>Totale <span class=\"_ _226\"> </span>29.869<span class=\"_ _3d\"> </span><span class=\"fc4\">35.886<span class=\"_ _e9\"> </span>-6.017<span class=\"_ _348\"> </span></span>La vo<span class=\"_ _1\"></span>ce Ac<span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti in<span class=\"_ _1\"></span>clu<span class=\"_ _1\"></span>de 28 mig<span class=\"_ _1\"></span>lia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (1<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>339 m<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eu<span class=\"_ _1\"></span>ro al 31 dice<span class=\"_ _1\"></span>mb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>) rig<span class=\"_ _1\"></span>ua<span class=\"_ _1\"></span>rda<span class=\"_ _1\"></span>nti op<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni<span class=\"_ _348\"> </span>ver<span class=\"_ _1\"></span>so pa<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>late. Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _1\"></span>gio<span class=\"_ _1\"></span>ri d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>i rim<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>da al<span class=\"_ _1\"></span>la not<span class=\"_ _1\"></span>a 53 d<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ta a ta<span class=\"_ _1\"></span>li op<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ni.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "29) Altre passivit\u00e0 finanziarie Ammontano a 618 migliaia di euro (9.994 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composte: Altre passivit\u00e0 finanziarie (migliaia di euro)  31/12/22 31/12/21 variazione Debiti finanziari verso Controllante  130   9.560  -9.430 Altri debiti finanziari  488   434   54 Totale  618   9.994  -9.376 La voce \u201cDebiti finanziari verso Controllante\u201d si riferisce al saldo del conto corrente di corrispondenza in essere nella Capogruppo con Fondazione Fiera Milano. Il tasso fissato \u00e8 pari all\u2019euribor a un mese pi\u00f9 uno spread dello 0,75%. La variazione rispetto all\u2019esercizio precedente \u00e8 principalmente imputabile alla regolazione del canone di locazione. La voce \u201cAltri debiti finanziari\u201d si riferisce alla valorizzazione del debito per l\u2019acquisizione delle rimanenti quote di terzi della societ\u00e0 Fiera Milano Brasil Ltda. La voce Altre passivit\u00e0 finanziarie include 130 migliaia di euro (9.560 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. 53) Rapporti con parti correlate I rapporti intrattenuti dalle societ\u00e0 sia nell\u2019ambito del Gruppo che con le altre parti correlate sono di norma regolate a condizioni di mercato. Nell\u2019ambito delle azioni intraprese in materia di governo societario, Fiera Milano SpA ha approvato in data 16 giugno 2021, con entrata in vigore dal 1\u00b0 luglio, l\u2019aggiornamento della procedura riguardante i \u201cPrincipi di Comportamento in materia di operazioni con parti correlate\u201d, come indicato nel capitolo dedicato al \u201cGoverno societario e gli assetti proprietari\u201d della Relazione finanziaria annuale cui si rinvia. I rapporti di natura commerciale tra le societ\u00e0 del Gruppo Fiera Milano sono volti alla organizzazione e gestione delle manifestazioni e degli altri eventi gestiti dal Gruppo. Fiera Milano SpA presta servizi di tipo amministrativo nei confronti di alcune controllate al fine di ottimizzare l\u2019impiego di risorse e competenze professionali oltre a servizi di comunicazione anche al fine di un\u2019adeguata armonizzazione dell\u2019immagine del Gruppo. Tutte le societ\u00e0 controllate italiane, eccetto MADE eventi Srl, in qualit\u00e0 di societ\u00e0 consolidate, hanno inoltre optato ai fini dell\u2019Ires per il regime del \u201cconsolidato fiscale nazionale\u201d, della durata obbligatoria di tre esercizi. L\u2019adozione del consolidato fiscale consente al Gruppo Fiera Milano un indubbio vantaggio economico e finanziario, rappresentato in particolare dalla possibilit\u00e0 di utilizzare immediatamente le perdite fiscali del Gruppo stesso, conseguite negli esercizi di validit\u00e0 dell\u2019opzione, in compensazione del reddito delle societ\u00e0 consolidate, realizzando quindi in via immediata il risparmio fiscale derivante dall\u2019utilizzo di tali perdite. I rapporti giuridici interni tra le societ\u00e0 partecipanti al consolidato fiscale sono disciplinati da un regolamento che prevede, altres\u00ec, una procedura uniforme per un corretto adempimento degli obblighi fiscali e delle connesse responsabilit\u00e0 delle societ\u00e0 partecipanti. Nei prospetti di stato patrimoniale e di conto economico gli ammontari delle posizioni o transazioni con parti correlate, se significative, sono evidenziate distintamente dalle voci di riferimento. Il Gruppo tenuto conto dell\u2019ammontare complessivo delle partite patrimoniali ed economiche ha ritenuto di individuare in 2 milioni di euro la soglia di significativit\u00e0 per l\u2019indicazione separata degli importi patrimoniali e in 1 milione di euro per gli importi di natura economica. Con riferimento alle parti correlate, nel seguito si forniscono informazioni di dettaglio sulle operazioni realizzate, suddividendole tra \u201cRapporti con la Controllante Fondazione Fiera Milano\u201d, \u201cRapporti con Societ\u00e0 collegate e joint venture\u201d e \u201cRapporti con altre parti correlate\u201d . Rapporti con la Controllante Fondazione Fiera Milano I rapporti di tipo ricorrente sono riepilogati nel seguito. I. Contratti di locazione immobiliare con Fiera Milano SpA Come esposto in seguito in data 31 marzo 2014 sono stati stipulati i nuovi contratti di locazione del polo fieristico di Rho e di Milano. Tali contratti hanno avuto effetto a partire dal secondo semestre 2014. In data 18 gennaio 2003, Fiera Milano SpA aveva stipulato con Fondazione Fiera Milano un contratto di locazione riguardante il Quartiere Fieristico di Rho. Nel medesimo contratto era stato definito il canone per la locazione del Polo Urbano, con allineamento della data di decorrenza per i Quartieri Espositivi dal 1\u00b0 gennaio 2006. Il termine per la disdetta era inizialmente fissato entro 18 mesi dalla scadenza del 31 dicembre 2014. In data 31 marzo 2014 sono stati stipulati i nuovi contratti di locazione dei Quartieri Fieristici. I nuovi contratti di locazione prevedono entrambi una durata di 9 anni a decorrere dal 1\u00b0 luglio 2014 (previa risoluzione consensuale anticipata dei contratti in vigore, la cui scadenza era prevista per il 31 dicembre 2014) e sono rinnovabili automaticamente per ulteriori 9 anni. Per quanto riguarda il contratto di locazione del Quartiere Fieristico di Rho, rispetto al precedente contratto le cui condizioni economiche hanno avuto validit\u00e0 fino al 30 giugno 2014, \u00e8 stata concordata una riduzione del canone di locazione di 2.000 migliaia di euro nel secondo semestre 2014 e di 14.000 migliaia di euro per anno dal 2015 e per gli anni successivi. Il canone di locazione \u00e8 pertanto fissato in 24.400 migliaia di euro per il secondo semestre 2014 e in 38.800 migliaia di euro per anno dal 2015 e per gli anni successivi, aggiornato annualmente sulla base del 100% della variazione dell\u2019indice ISTAT dei prezzi al consumo per le famiglie di operai e impiegati. Con riferimento al Polo Urbano, le parti, con il rinnovo dell\u2019anno 2014, hanno inizialmente concordato di confermare il canone di locazione, pari a 2.850 migliaia di euro per anno, aggiornato annualmente sulla base del 100% della variazione dell\u2019indice ISTAT. Successivamente, in data 8 maggio 2019 Fiera Milano ha raggiunto un accordo modificativo di tale canone che, con efficacia a partire dal 1\u00b0 giugno 2019, ha previsto una riduzione di 1.500 migliaia di euro all\u2019anno, nonch\u00e9 l\u2019esclusione dalla locazione di talune aree del polo fieristico di Milano principalmente adibite a parcheggio. A fronte della predetta riduzione del canone di locazione, a partire dal 1\u00b0 giugno 2019, Fiera Milano corrisponde a Fondazione Fiera Milano, in quattro rate trimestrali anticipate, un canone di locazione annuo pari a 1.413 migliaia di euro, indicizzato al 100% della variazione dell\u2019indice ISTAT. La modifica del contratto di locazione nei termini sopra descritti costituisce una modifica sostanziale di un\u2019Operazione di Maggiore Rilevanza tra parti correlate. Pertanto, l\u2019operazione \u00e8 stata approvata in data 8 maggio 2019 - ai sensi dell\u2019articolo 9.1 della Procedura Parti Correlate - dal Consiglio di Amministrazione della Societ\u00e0, previo ottenimento del parere motivato favorevole del Comitato Controllo Rischi e Sostenibilit\u00e0 in data 7 maggio 2019. Nei termini di legge, \u00e8 stato depositato e messo a disposizione del pubblico presso la sede legale e la sede operativa e amministrativa di Fiera Milano, sul sito internet e sul meccanismo di stoccaggio autorizzato, un Documento Informativo redatto ai sensi dell\u2019articolo 10.2 della Procedura Parti Correlate e del Regolamento Consob n. 17221/2010. Con particolare riguardo alla suddetta procedura, si ricorda che Fiera Milano \u00e8 una societ\u00e0 quotata di minori dimensioni e, in quanto tale, beneficia della deroga concessa ai sensi dell\u2019art. 10, comma 1, del Regolamento Consob 17221/2010. In data 30 luglio 2021 \u00e8 stato sottoscritto l\u2019accordo con il quale la Capogruppo ha concesso in sublocazione a Fiera Milano Congressi il Polo Interno (padiglioni 3 e 4). In data 15 dicembre 2022 Fondazione Fiera Milano, in qualit\u00e0 di locatore del quartiere fieristico di Rho (MI), e la Capogruppo, in qualit\u00e0 di conduttore degli asset infrastrutturali di propriet\u00e0 di Fondazione Fiera Milano, hanno integrato l\u2019accordo relativo alla locazione degli spazi espositivi, ricomprendendo tra gli immobili oggetto del Contratto un complesso immobiliare di propriet\u00e0 di Fondazione Fiera Milano, costituito dal magazzino sito in Rho (MI). Il Magazzino, concepito per favorire l\u2019ottimizzazione delle strutture per la gestione delle attivit\u00e0 di allestimento a servizio di Nolostand - societ\u00e0 del Gruppo Fiera Milano specializzata nel business degli allestimenti fieristici - verr\u00e0 concesso in sublocazione a quest\u2019ultima da parte di Fiera Milano, a far data dal 1\u00b0 gennaio 2023. Viene, di conseguenza, rimodulato il canone di locazione previsto dal Contratto, aumentandone l\u2019importo di complessive 450 migliaia di euro annue. Le modifiche al suddetto contratto si qualificano come Operazione di Maggiore Rilevanza tra parti correlate, costituendo una modifica di un'Operazione di Maggiore Rilevanza tra parti correlate A conferma delle condizioni di mercato applicate, i canoni di locazione sono stati determinati dalle parti anche tenendo conto degli elaborati peritali redatti per Fiera Milano SpA da un esperto indipendente .",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "30) Fondi per rischi e oneri Ammontano a 5.443 migliaia di euro (6.437 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composti: Fondi per rischi e oneri (migliaia di euro) 31/12/21 accantona- menti rilascio quote eccedenti utilizzi Effetto cambi riclassifiche 31/12/22 Altri fondi rischi e oneri  6.437   2.229   70   3.223   70   -  5.443 Totale  6.437   2.229   70   3.223   70   -  5.443 La voce si riferisce principalmente: \u2022  per 555 migliaia di euro a Fiera Milano Brasil Ltda per rischi diversi costituiti a fronte di controversie legali; \u2022  per 4.757 migliaia di euro ai fondi per rischi relativi alla stima di probabili passivit\u00e0 correlate alla riorganizzazione aziendale, calcolate in base al presumibile esito delle stesse sia attraverso valutazioni interne che con il supporto di legali esterni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "32) Altre passivit\u00e0 Ammontano a 20.723 migliaia di euro (22.756 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec composte: Altre passivit\u00e0 (migliaia di euro)  31/12/22 31/12/21 variazione Debiti verso personale 7.568 4.113 3.455 Debiti verso organizzatori ed altri  5.672   10.855  -5.183 Debiti verso organizzatori collegate e joint venture  3.540   3.270   270 Debiti verso istituti previdenziali  2.074   2.744  -670 Debiti commerciali verso collegate e joint venture 574  535  39 Debiti verso amministratori e sindaci  98   121  -23 Debiti verso altre parti correlate 153  114  39 Debiti verso Controllante  73   104  -31 Debiti verso consociate   -  59  -59 Altri debiti  573   673  -100 Risconti passivi verso Controllante  5   -  5 Risconti passivi verso collegate e joint venture  7   2   5 Ratei e Risconti passivi   386   166   220 Totale 20.723 22.756 -2.033 Le variazioni principali rispetto all\u2019esercizio precedente sono di seguito descritte: \u2022  decremento dei debiti verso organizzatori ed altri, principalmente relativi agli incassi per conto degli organizzatori di manifestazioni fieristiche; \u2022  incremento dei debiti verso il personale, principalmente imputabile ai maggiori costi sostenuti per la parte variabile delle retribuzioni oltre che per le transazioni concluse ma non ancora liquidate e relative alla riorganizzazione aziendale. La voce Altre passivit\u00e0 include 4.352 migliaia di euro (4.084 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "Indebitamento finanziario di Gruppo (dati in migliaia di euro) 31/12/22 31/12/21* variazione A.  Disponibilit\u00e0 liquide 81.971 148.250 -66.279 B.   Mezzi equivalenti a disponibilit\u00e0 liquide 30.652 - 30.652 C.   Altre attivit\u00e0 finanziarie correnti 5.768 8.205 -2.437  - C1 di cui Altre attivit\u00e0 finanziarie correnti verso joint venture 703 2.408 -1.705 D.   Liquidit\u00e0 (A+B+C) 118.391 156.455 -38.064 E.   Debito finanziario corrente 618 9.994 -9.376  - E.1 di cui Debito finanziario corrente verso Controllante 130 9.560 -9.430 F.   Parte corrente dell\u2019indebitamento non corrente 27.250 938 26.312 G.   Indebitamento finanziario corrente (E+F) 27.868 10.932 16.936 H.   Indebitamento (Disponibilit\u00e0) finanziario corrente netto (G-D) -90.523 -145.523 55.000 I.   Debito finanziario non corrente 62.549 98.229 -35.680 J.   Strumenti di debito - - - K.   Altri debiti non correnti - - - L.   Indebitamento finanziario non corrente (I+J+K) 62.549 98.229 -35.680 Indebitamento (Disponibilit\u00e0) finanziario netto delle attivit\u00e0 in continuit\u00e0 (H+L) -27.974 -47.294 19.320 Indebitamento (Disponibilit\u00e0) finanziario netto delle attivit\u00e0 destinate alla vendita -1.809 -48 -1.761 M.   Indebitamento (Disponibilit\u00e0) finanziario netto pre IFRS 16 -29.783 -47.342 17.559 N.   Debiti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione 49.889 41.376 8.513 - N.1 di cui Debiti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione verso Controllante 48.295 39.821 8.474 O.   Debiti finanziari non correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione 346.858 370.568 -23.710 - O.1 di cui Debiti finanziari non correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione verso Controllante 345.348 367.703 -22.355 P.   Crediti finanziari correnti relativi al diritto d\u2019uso delle attivit\u00e0 in locazione - - - Effetti finanziari derivanti dall\u2019applicazione dell\u2019IFRS 16 396.747 411.944 -15.197 Q.   Indebitamento finanziario netto complessivo (M+N+O-P) 366.964 364.602 2.362 *   Alcuni importi del bilancio al 31 dicembre 2021 sono stati riesposti ai fini comparativi per riflettere gli effetti del principio contabile IFRS 5, a seguito del conferimento del ramo d'azienda relativo alla manifestazione \"Tuttofood\" previsto nell\u2019ambito dell\u2019acquisizione del 18,5% di Fiere di Parma. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationAboutUnderstandingFinancialPositionsAndLiquidityOfEntityExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "34) Gestione dei rischi finanziari e di mercato I principali strumenti finanziari del Gruppo comprendono finanziamenti bancari, depositi bancari a vista a breve termine e debiti finanziari correnti nei confronti della Controllante Fondazione Fiera Milano. Il Gruppo Fiera Milano presenta un favorevole ciclo di tesoreria grazie al profilo finanziario che caratterizza le societ\u00e0 che organizzano manifestazioni fieristiche ed eventi congressuali. Infatti, gli operatori che organizzano fiere e congressi richiedono ai propri clienti un anticipo a conferma della loro iscrizione a partecipare all\u2019evento ed il saldo viene generalmente incassato prima che l\u2019evento abbia inizio o a conclusione dello stesso. I fornitori di beni e servizi sono, invece, pagati secondo i termini di pagamento comunemente in uso. Per gli organizzatori si genera, quindi, un capitale circolante negativo che porta ad un surplus di tesoreria. Fiera Milano SpA, la Capogruppo che affitta a sua volta gli spazi espositivi agli Organizzatori, svolge per gli stessi il servizio di amministrazione e di tesoreria, incassando per loro conto tutto quanto gli espositori delle manifestazioni pagano all\u2019Organizzatore. Dopo l\u2019incasso, Fiera Milano SpA, in base alle condizioni contrattualmente definite, retrocede all\u2019Organizzatore quanto di sua competenza e trattiene il corrispettivo per gli spazi affittati del quartiere fieristico e per servizi forniti. Questo sistema consente anche a Fiera Milano SpA di incassare in anticipo i propri corrispettivi, in linea con quanto avviene per gli Organizzatori. Quindi, nell\u2019ambito del Gruppo Fiera Milano, le societ\u00e0 che godono di tale favorevole ciclo di tesoreria sono le societ\u00e0 organizzatrici di manifestazioni e la Capogruppo. Si descrivono di seguito le principali tipologie di rischio a cui il Gruppo \u00e8 esposto. 34.1 Rischi di credito Il rischio di credito rappresenta l\u2019esposizione del Gruppo a potenziali perdite derivanti dall\u2019inadempimento delle obbligazioni assunte dalla controparte. Il rischio di credito \u00e8 adeguatamente monitorato anche in relazione al ciclo di tesoreria che caratterizza le attivit\u00e0 del Gruppo. Fiera Milano, peraltro, ospita ed organizza manifestazioni leader nei rispettivi settori, per le quali il grado di fidelizzazione degli espositori \u00e8 molto elevato. Per la Capogruppo Fiera Milano SpA, il sistema vigente fa s\u00ec che tutti gli incassi provenienti dagli espositori convergano nelle casse di Fiera Milano SpA e che quest\u2019ultima retroceda ai propri clienti-organizzatori quanto a loro spettante. Con riguardo alle societ\u00e0 MADE eventi Srl e Ipack Ima Srl, va segnalato che una parte dei servizi resi ad espositori  di manifestazioni viene fatturata ed incassata per conto della singola societ\u00e0 del Gruppo sempre da Fiera Milano  SpA. In ogni caso, tali societ\u00e0 svolgono le consuete verifiche di solvibilit\u00e0 dei potenziali clienti ed il saldo viene  costantemente monitorato dalle funzioni preposte per l\u2019avvio di ogni opportuna azione di recupero. Relativamente ai rischi di credito sono state individuate tre differenti categorie: organizzatori, espositori e altri  crediti. La prima classe di rischio \u00e8 identificata negli organizzatori delle manifestazioni; i crediti appartenenti a questa  classe sono stati catalogati come i meno rischiosi in quanto la Capogruppo Fiera Milano SpA gestisce la tesoreria  di quasi tutte le manifestazioni che si svolgono nei due Quartieri. La seconda classe di rischio \u00e8 identificata negli espositori delle manifestazioni; i crediti di questa classe sono  stati considerati come livello di rischio medio in quanto gli espositori devono effettuare il pagamento prima del  termine della manifestazione. La terza classe di rischio \u00e8 identificata negli altri crediti, che si riferiscono principalmente alle attivit\u00e0 accessorie  alle manifestazioni (allestimenti, congressi, promozioni, servizi internet) e ad attivit\u00e0 non di mostra (sponsor,  pubblicit\u00e0 e altri). Per questi crediti gli incassi avvengono a normale scadenza delle fatture. Come ulteriore strumento di attenuazione del rischio di credito \u00e8 previsto il ricorso a specifiche garanzie. Le classi di rischio di credito, al 31 dicembre 2021 ed al 31 dicembre 2022, con l\u2019evidenza della relativa  composizione dello scaduto sono di seguito riportate: (migliaia di euro) Bilancio al  31/12/21 A scadere analisi dello scaduto Fondo svalutazioneClassi Crediti Scaduto 0-90gg 91-180gg 181-270gg Oltre Organizzatori  4.817  3.437 2.892 1.476  -  -  1.416  1.512  Espositori  6.183  4.223 2.555 1.234 80 311 930 595 Altri  10.136  7.431 3.635 2.487  -  - 1.148 930 Totale 21.136  15.091  9.082  5.197  80  311  3.494  3.037 (migliaia di euro) Bilancio al  31/12/22 A scadere analisi dello scaduto Fondo svalutazioneClassi Crediti Scaduto 0-90gg 91-180gg 181-270gg Oltre Organizzatori  5.156  1.582 3.574 3.327  -  7   240  - Espositori  5.610  3.143 2.836 1.937 232 61 606 369 Altri  13.272  9.165 5.011 4.257  71   21  662 904 Totale 24.038  13.890  11.421  9.521  303  89  1.508  1.273 Il fondo svalutazione crediti \u00e8 calcolato in base ai criteri di presunta recuperabilit\u00e0, sia attraverso valutazioni  interne che con il supporto di legali esterni. La movimentazione del fondo svalutazione crediti al 31 dicembre 2021 e al 31 dicembre 2022, con la suddivisione per classi di appartenenza \u00e8 dettagliata nelle tabelle che seguono: (migliaia di euro) Bilancio al 31/12/20 Fondo svalutazione Accantonamenti Utilizzi Altri movimenti Bilancio al 31/12/21 Organizzatori  3.506   -  1.994   -  1.512 Espositori  767   -  172   -  595 Altri  1.412   2   483  -1   930 Totale  5.685   2   2.649  -1   3.037  (migliaia di euro) Bilancio al 31/12/21 Fondo svalutazione Accantonamenti Utilizzi Altri movimenti Bilancio al 31/12/22 Organizzatori  1.512   -  1.512   -  - Espositori  595   69   295   -  369 Altri  930   -  26   -  904 Totale  3.037   69   1.833   -  1.273 34.2 Rischio di liquidit\u00e0 Il Gruppo attua misure volte ad assicurare che siano mantenuti livelli adeguati di capitale circolante e liquidit\u00e0 che, eventuali contrazioni dei volumi di attivit\u00e0, dovute alla stagionalit\u00e0 che caratterizza il settore, possono avere un impatto sui risultati economici e sulla capacit\u00e0 di generare flussi di liquidit\u00e0. Alla data del 31 dicembre 2022 l\u2019indebitamento finanziario netto, non comprensivo della lease liability IFRS 16, \u00e8 pari a -29.783 migliaia di euro, con una variazione di 17.559 migliaia di euro rispetto al dato del 31 dicembre 2021. L\u2019obiettivo di risk management del Gruppo \u00e8 quello di garantire, anche in presenza di indebitamento finanziario, un adeguato livello di liquidit\u00e0, minimizzando il relativo costo opportunit\u00e0 e mantenendo un equilibrio in termini di durata e di composizione del debito. Nel mese di febbraio 2021 sono stati sottoscritti due finanziamenti a 5 anni, con 24 mesi di preammortamento per complessivi 75 milioni di euro, entrambi assistiti per il 90% dell\u2019importo erogato dalla garanzia rilasciata da SACE, nell\u2019ambito del programma \u201cGaranzia Italia\u201d ai sensi dell\u2019art. 1 del decreto legge n. 23/2020, convertito, con modificazioni dalla legge n.40/2020 (c.d. \u201cDecreto Liquidit\u00e0\u201d). In particolare, \u00e8 stato sottoscritto un finanziamento con un pool di primari istituti di credito (Intesa Sanpaolo, Banco BPM e Unicredit) per 55 milioni di euro e un finanziamento con Cassa Depositi e Prestiti per 20 milioni di euro, soggetti alla misurazione su base semestrale di covenant finanziari a partire dal 30 giugno 2021. La Capogruppo ha sottoscritto con SIMEST il 28 aprile 2021, un finanziamento da 7 milioni di euro concesso nell\u2019ambito delle disponibilit\u00e0 della sezione del Fondo 394/8, ai sensi dell\u2019articolo 91, commi 1 e 2, del decreto legge 14 agosto 2020, n. 104, convertito, con modificazioni, dalla legge 13 ottobre 2020, n. 126, e dell\u2019articolo 6, comma 3, n. 1, del decreto legge 28 ottobre 2020, n. 137. Il finanziamento ha scadenza 31 dicembre 2027, con termine del periodo di preammortamento il 31 dicembre 2023. Nel mese di maggio 2021 \u00e8 stato sottoscritto con Banca Carige un finanziamento pari a 5 milioni di euro, a 5 anni con 12 mesi di preammortamento, garantito al 90% da SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra citato. In data 29 aprile \u00e8 stato rimborsato il finanziamento con Banca Bper pari a 10 milioni di euro, sottoscritto nel corso del 2021. MADE eventi Srl in data 27 settembre 2021 ha sottoscritto un finanziamento con Banca Monte dei Paschi di Siena pari a 2 milioni di euro, con scadenza 30 settembre 2024 e 12 mesi di preammortamento, garantito all\u201980% da SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra citato. Il Gruppo dispone di depositi bancari e liquidit\u00e0 sui conti correnti per un ammontare pari a 114,4 milioni di euro, a fronte di debiti bancari complessivi pari 88,1 milioni di euro, con piani di rimborso che arrivano fino al 2027. Inoltre, beneficia di affidamenti per prestiti di breve termine per un ammontare pari a 53,5 milioni di euro. Infine, le proiezioni finanziarie 2023-2026 evidenziano che le attivit\u00e0 ordinarie genereranno ulteriori flussi di cassa positivi, destinati a rafforzare ulteriormente la posizione finanziaria della Societ\u00e0 e a garantire il rispetto dei covenant concordati con i finanziatori, mantenendo costantemente un corretto equilibrio finanziario. Nelle tabelle che seguono vengono esposte le analisi per scadenze delle passivit\u00e0 finanziarie e la stima dei relativi interessi passivi per periodo di maturazione al 31 dicembre 2021 e al 31 dicembre 2022. Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al 31/12/21 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e non correnti * 99.096   312  875   13.649   14.899   33.774   33.838   1.750 Interessi passivi correnti e non correnti   180 209  399   376   326   453   197   7 Altre passivit\u00e0 finanziarie correnti e non correnti 9.994  9.560     434           Interessi passivi correnti    18               Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti 411.944 14.299 8.978 18.101 18.334 18.582 37.176 76.340  220.134 Interessi passivi correnti e non correnti   2.683 2.620 5.061 4.813 4.563 8.368 13.683  15.602 Debiti fornitori 50.569 50.569              Totale 571.603 77.309 12.119 24.870  37.172   38.370   79.771   124.058   237.493 * escluso derivato di copertura Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al 31/12/22 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e non correnti 88.116 6.862 6.862  13.675   14.550   14.300   31.867     Interessi passivi correnti e non correnti    565 537  922   725   540   529     Altre passivit\u00e0 finanziarie correnti non correnti 2.301 130   488       1.683  Interessi passivi correnti   1            317   Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti 396.747 9.350 9.745 19.890 20.061 19.793 40.410 84.085  193.413 Interessi passivi correnti e non correnti   2.719 2.651 5.090 4.809 4.530 8.213 12.936  11.552 Debiti fornitori 50.317 50.317              Totale 537.481 69.944 19.795 40.065  40.145   39.163   81.019   99.021   204.965 34.3 Rischi di mercato Il Gruppo si riserva di utilizzare adeguati strumenti di copertura qualora i rischi di mercato divenissero rilevanti. a) Rischio di tasso di interesse Il Gruppo dispone di accesso a linee di credito a condizioni competitive e quindi \u00e8 in grado di ben fronteggiare eventuali fluttuazioni dei tassi. Peraltro, il Gruppo svolge un continuo monitoraggio delle condizioni di mercato allo scopo di intervenire prontamente in presenza di variazioni di scenario. Per quanto riguarda la composizione dei debiti nei confronti del sistema bancario, si fa riferimento a quanto esposto nelle note 18 e 25. Di seguito viene esposta un\u2019analisi di sensitivit\u00e0 al rischio tasso di interesse, che evidenzia gli oneri ed i proventi finanziari che si sarebbero avuti sul patrimonio netto e sul conto economico 2021 e 2022 per effetto di variazioni del tasso di interesse considerando un range di oscillazione in pi\u00f9 o in meno di 0,5 punti. (migliaia di euro) valori al 31/12/21 giacenza * (indebitamento) proventi (oneri)  tassi  +0,5% -0,5% Banche attive (c/c) 148.233 75.653 15 0,02% 393 -363 Finanziamenti attivi correnti e non correnti a joint venture 2.479 1.988  25  1,26% 35 15 C/C di corrispondenza -9.560 -11.132 -83 0,75% -139 -28 Finanziamenti bancari correnti e non correnti ** -99.097 -82.080 -1.389 1,69% -1.798 -977 Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti -411.944 -434.258 -11.836 2,73% -14.027 -9.684 *  media sulla durata dell\u2019esercizio **   escluso derivato di copertura (migliaia di euro) valori al 31/12/22 giacenza * (indebitamento) proventi (oneri)  tassi  +0,5% -0,5% Banche attive (c/c) 81.954 75.653 153 0,20% 531 -225 Impieghi di liquidit\u00e0 in depositi a breve 30.653 5.077 226 4,45% 251 201 Finanziamenti attivi correnti e non correnti a joint venture 703 1.988  18  0,91% 28 8 C/C di corrispondenza -130 -11.132 -3 0,03% -59 52 Finanziamenti bancari correnti e non correnti -88.116 -82.080 -1.803 2,20% -2.212 -1.391 Altre passivit\u00e0 finanziarie correnti e non correnti -1.683 -1.683 -7 - -  - Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti -396.747 -410.662 -11.280 2,75% -13.353 -9.246 *  media sulla durata dell\u2019esercizio b) Rischio di cambio Il Gruppo, che opera su pi\u00f9 mercati a livello mondiale, \u00e8 naturalmente esposto a rischi di mercato connessi alle fluttuazioni dei tassi di cambio. In continuit\u00e0 con il precedente esercizio, tale rischio \u00e8 considerato poco significativo nonostante l\u2019attivit\u00e0 del Gruppo nei mercati internazionali. Il rischio cambio \u00e8 sostanzialmente limitato in quanto ogni Paese sostiene i costi nella stessa valuta nella quale realizza i ricavi . c) Rischi di variazione prezzo delle materie prime Tale fattore di rischio rileva, per le societ\u00e0 del Gruppo, con riferimento alle materie prime quali energia elettrica,  legno (utilizzato per i pannelli degli stand) e polimeri (utilizzati per le grafiche, la cartellonistica e la moquette). A  tal proposito il Gruppo ha attuato politiche di approvvigionamento anticipato per alcuni materiali (es. pannelli per  gli stand) o a prezzo fissato per altre materie prime (energia elettrica e gas). Inoltre, sono stati avviati nei primi  mesi del 2023 i lavori di potenziamento dell\u2019impianto fotovoltaico installato nel quartiere di Rho con l\u2019obiettivo, fra  il 2023 e il 2024, di aumentare la quota di fabbisogno energetico soddisfatto da tale fonte dal 20% attuale fino a  un 25-30%. L\u2019esposizione a tale fattore di rischio \u00e8 descritta nel paragrafo Rischio di aumento del prezzo delle materie prime  presente nella Relazione del Consiglio di Amministrazione sulla gestione",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "34.1 Rischi di credito Il rischio di credito rappresenta l\u2019esposizione del Gruppo a potenziali perdite derivanti dall\u2019inadempimento delle  obbligazioni assunte dalla controparte. Il rischio di credito \u00e8 adeguatamente monitorato anche in relazione al  ciclo di tesoreria che caratterizza le attivit\u00e0 del Gruppo. Fiera Milano, peraltro, ospita ed organizza manifestazioni  leader nei rispettivi settori, per le quali il grado di fidelizzazione degli espositori \u00e8 molto elevato. Per la Capogruppo  Fiera Milano SpA, il sistema vigente fa s\u00ec che tutti gli incassi provenienti dagli espositori convergano nelle casse di  Fiera Milano SpA e che quest\u2019ultima retroceda ai propri clienti-organizzatori quanto a loro spettante. Con riguardo alle societ\u00e0 MADE eventi Srl e Ipack Ima Srl, va segnalato che una parte dei servizi resi ad espositori di manifestazioni viene fatturata ed incassata per conto della singola societ\u00e0 del Gruppo sempre da Fiera Milano SpA. In ogni caso, tali societ\u00e0 svolgono le consuete verifiche di solvibilit\u00e0 dei potenziali clienti ed il saldo viene costantemente monitorato dalle funzioni preposte per l\u2019avvio di ogni opportuna azione di recupero. Relativamente ai rischi di credito sono state individuate tre differenti categorie: organizzatori, espositori e altri crediti. La prima classe di rischio \u00e8 identificata negli organizzatori delle manifestazioni; i crediti appartenenti a questa classe sono stati catalogati come i meno rischiosi in quanto la Capogruppo Fiera Milano SpA gestisce la tesoreria di quasi tutte le manifestazioni che si svolgono nei due Quartieri. La seconda classe di rischio \u00e8 identificata negli espositori delle manifestazioni; i crediti di questa classe sono stati considerati come livello di rischio medio in quanto gli espositori devono effettuare il pagamento prima del termine della manifestazione. La terza classe di rischio \u00e8 identificata negli altri crediti, che si riferiscono principalmente alle attivit\u00e0 accessorie alle manifestazioni (allestimenti, congressi, promozioni, servizi internet) e ad attivit\u00e0 non di mostra (sponsor, pubblicit\u00e0 e altri). Per questi crediti gli incassi avvengono a normale scadenza delle fatture. Come ulteriore strumento di attenuazione del rischio di credito \u00e8 previsto il ricorso a specifiche garanzie. Le classi di rischio di credito, al 31 dicembre 2021 ed al 31 dicembre 2022, con l\u2019evidenza della relativa composizione dello scaduto sono di seguito riportate: (migliaia di euro) Bilancio al 31/12/21 A scadere analisi dello scaduto Fondo Classi Crediti Scaduto 0-90gg 91-180gg 181-270gg Oltre Organizzatori  4.817  3.437 2.892 1.476  -  -  1.416  1.512 Espositori  6.183  4.223 2.555 1.234 80 311 930 595 Altri  10.136  7.431 3.635 2.487  -  - 1.148 930 Totale 21.136  15.091  9.082  5.197  80  311  3.494  3.037 (migliaia di euro) Bilancio al 31/12/22 A scadere analisi dello scaduto Fondo Classi Crediti Scaduto 0-90gg 91-180gg 181-270gg Oltre Organizzatori  5.156  1.582 3.574 3.327  -  7   240  - Espositori  5.610  3.143 2.836 1.937 232 61 606 369 Altri  13.272  9.165 5.011 4.257  71   21  662 904 Totale 24.038  13.890  11.421  9.521  303  89  1.508  1.273 Il fondo svalutazione crediti \u00e8 calcolato in base ai criteri di presunta recuperabilit\u00e0, sia attraverso valutazioni interne che con il supporto di legali esterni. La movimentazione del fondo svalutazione crediti al 31 dicembre 2021 e al 31 dicembre 2022, con la suddivisione per classi di appartenenza \u00e8 dettagliata nelle tabelle che seguono: (migliaia di euro) Bilancio al 31/12/20 Fondo svalutazione Accantonamenti Utilizzi Altri movimenti Bilancio al 31/12/21 Organizzatori  3.506   -  1.994   -  1.512 Espositori  767   -  172   -  595 Altri  1.412   2   483  -1   930 Totale  5.685   2   2.649  -1   3.037 (migliaia di euro) Bilancio al 31/12/21 Fondo svalutazione Accantonamenti Utilizzi Altri movimenti Bilancio al 31/12/22 Organizzatori  1.512   -  1.512   -  - Espositori  595   69   295   -  369 Altri  930   -  26   -  904 Totale  3.037   69   1.833   -  1.273 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "34.2 Rischio di liquidit\u00e0 Il Gruppo attua misure volte ad assicurare che siano mantenuti livelli adeguati di capitale circolante e liquidit\u00e0  che, eventuali contrazioni dei volumi di attivit\u00e0, dovute alla stagionalit\u00e0 che caratterizza il settore, possono avere  un impatto sui risultati economici e sulla capacit\u00e0 di generare flussi di liquidit\u00e0. Alla data del 31 dicembre 2022 l\u2019indebitamento finanziario netto, non comprensivo della lease liability IFRS 16, \u00e8  pari a -29.783 migliaia di euro, con una variazione di 17.559 migliaia di euro rispetto al dato del 31 dicembre 2021. L\u2019obiettivo di risk management del Gruppo \u00e8 quello di garantire, anche in presenza di indebitamento finanziario,  un adeguato livello di liquidit\u00e0, minimizzando il relativo costo opportunit\u00e0 e mantenendo un equilibrio in termini  di durata e di composizione del debito. Nel mese di febbraio 2021 sono stati sottoscritti due finanziamenti a 5 anni, con 24 mesi di preammortamento per  complessivi 75 milioni di euro, entrambi assistiti per il 90% dell\u2019importo erogato dalla garanzia rilasciata da SACE,  nell\u2019ambito del programma \u201cGaranzia Italia\u201d ai sensi dell\u2019art. 1 del decreto legge n. 23/2020, convertito, con  modificazioni dalla legge n.40/2020 (c.d. \u201cDecreto Liquidit\u00e0\u201d). In particolare, \u00e8 stato sottoscritto un finanziamento  con un pool di primari istituti di credito (Intesa Sanpaolo, Banco BPM e Unicredit) per 55 milioni di euro e un  finanziamento con Cassa Depositi e Prestiti per 20 milioni di euro, soggetti alla misurazione su base semestrale  di covenant finanziari a partire dal 30 giugno 2021. La Capogruppo ha sottoscritto con SIMEST il 28 aprile 2021, un finanziamento da 7 milioni di euro concesso  nell\u2019ambito delle disponibilit\u00e0 della sezione del Fondo 394/8, ai sensi dell\u2019articolo 91, commi 1 e 2, del decreto  legge 14 agosto 2020, n. 104, convertito, con modificazioni, dalla legge 13 ottobre 2020, n. 126, e dell\u2019articolo 6,  comma 3, n. 1, del decreto legge 28 ottobre 2020, n. 137. Il finanziamento ha scadenza 31 dicembre 2027, con  termine del periodo di preammortamento il 31 dicembre 2023. Nel mese di maggio 2021 \u00e8 stato sottoscritto con Banca Carige un finanziamento pari a 5 milioni di euro, a 5 anni  con 12 mesi di preammortamento, garantito al 90% da SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra  citato. In data 29 aprile \u00e8 stato rimborsato il finanziamento con Banca Bper pari a 10 milioni di euro, sottoscritto nel  corso del 2021. MADE eventi Srl in data 27 settembre 2021 ha sottoscritto un finanziamento con Banca Monte dei Paschi di Siena  pari a 2 milioni di euro, con scadenza 30 settembre 2024 e 12 mesi di preammortamento, garantito all\u201980% da  SACE nell\u2019ambito del programma \u201cGaranzia Italia\u201d sopra citato. Il Gruppo dispone di depositi bancari e liquidit\u00e0 sui conti correnti per un ammontare pari a 114,4 milioni di euro,  a fronte di debiti bancari complessivi pari 88,1 milioni di euro, con piani di rimborso che arrivano fino al 2027.  Inoltre, beneficia di affidamenti per prestiti di breve termine per un ammontare pari a 53,5 milioni di euro. Infine, le  proiezioni finanziarie 2023-2026 evidenziano che le attivit\u00e0 ordinarie genereranno ulteriori flussi di cassa positivi,  destinati a rafforzare ulteriormente la posizione finanziaria della Societ\u00e0 e a garantire il rispetto dei covenant  concordati con i finanziatori, mantenendo costantemente un corretto equilibrio finanziario. Nelle tabelle che seguono vengono esposte le analisi per scadenze delle passivit\u00e0 finanziarie e la stima dei relativi  interessi passivi per periodo di maturazione al 31 dicembre 2021 e al 31 dicembre 2022. Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al  31/12/21 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e  non correnti * 99.096   312  875   13.649   14.899   33.774   33.838   1.750  Interessi passivi correnti e non  correnti   180 209  399   376   326   453   197   7  Altre passivit\u00e0 finanziarie correnti e  non correnti 9.994  9.560     434           Interessi passivi correnti    18               Debiti finanziari relativi al diritto  d\u2019uso delle attivit\u00e0 in locazione  correnti e non correnti 411.944 14.299 8.978 18.101 18.334 18.582 37.176 76.340  220.134  Interessi passivi correnti e non  correnti   2.683 2.620 5.061 4.813 4.563 8.368 13.683  15.602  Debiti fornitori 50.569 50.569              Totale 571.603 77.309 12.119 24.870  37.172   38.370   79.771   124.058   237.493  * escluso derivato di copertura Passivit\u00e0 finanziarie (migliaia di euro) Bilancio al  31/12/22 3 mesi 6 mesi 12 mesi 18 mesi 24 mesi 3 anni 5 anni >5 anni Debiti verso banche - correnti e  non correnti 88.116 6.862 6.862  13.675   14.550   14.300   31.867     Interessi passivi correnti e non  correnti    565 537  922   725   540   529     Altre passivit\u00e0 finanziarie correnti  non correnti 2.301 130   488       1.683  Interessi passivi correnti   1            317   Debiti finanziari relativi al diritto  d\u2019uso delle attivit\u00e0 in locazione  correnti e non correnti 396.747 9.350 9.745 19.890 20.061 19.793 40.410 84.085  193.413  Interessi passivi correnti e non  correnti   2.719 2.651 5.090 4.809 4.530 8.213 12.936  11.552  Debiti fornitori 50.317 50.317              Totale 537.481 69.944 19.795 40.065  40.145   39.163   81.019   99.021   204.965  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "34.3 Rischi di mercato Il Gruppo si riserva di utilizzare adeguati strumenti di copertura qualora i rischi di mercato divenissero rilevanti. a) Rischio di tasso di interesse Il Gruppo dispone di accesso a linee di credito a condizioni competitive e quindi \u00e8 in grado di ben fronteggiare eventuali fluttuazioni dei tassi. Peraltro, il Gruppo svolge un continuo monitoraggio delle condizioni di mercato allo scopo di intervenire prontamente in presenza di variazioni di scenario. Per quanto riguarda la composizione dei debiti nei confronti del sistema bancario, si fa riferimento a quanto esposto nelle note 18 e 25. Di seguito viene esposta un\u2019analisi di sensitivit\u00e0 al rischio tasso di interesse, che evidenzia gli oneri ed i proventi finanziari che si sarebbero avuti sul patrimonio netto e sul conto economico 2021 e 2022 per effetto di variazioni del tasso di interesse considerando un range di oscillazione in pi\u00f9 o in meno di 0,5 punti. (migliaia di euro) valori al 31/12/21 giacenza * (indebitamento) proventi (oneri)  tassi  +0,5% -0,5% Banche attive (c/c) 148.233 75.653 15 0,02% 393 -363 Finanziamenti attivi correnti e non correnti a joint venture 2.479 1.988  25  1,26% 35 15 C/C di corrispondenza -9.560 -11.132 -83 0,75% -139 -28 Finanziamenti bancari correnti e non correnti ** -99.097 -82.080 -1.389 1,69% -1.798 -977 Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti -411.944 -434.258 -11.836 2,73% -14.027 -9.684 *  media sulla durata dell\u2019esercizio **   escluso derivato di copertura (migliaia di euro) valori al 31/12/22 giacenza * (indebitamento) proventi (oneri)  tassi  +0,5% -0,5% Banche attive (c/c) 81.954 75.653 153 0,20% 531 -225 Impieghi di liquidit\u00e0 in depositi a breve 30.653 5.077 226 4,45% 251 201 Finanziamenti attivi correnti e non correnti a joint venture 703 1.988  18  0,91% 28 8 C/C di corrispondenza -130 -11.132 -3 0,03% -59 52 Finanziamenti bancari correnti e non correnti -88.116 -82.080 -1.803 2,20% -2.212 -1.391 Altre passivit\u00e0 finanziarie correnti e non correnti -1.683 -1.683 -7 - -  - Debiti finanziari relativi al diritto d\u2019uso delle attivit\u00e0 in locazione correnti e non correnti -396.747 -410.662 -11.280 2,75% -13.353 -9.246 *  media sulla durata dell\u2019esercizio b) Rischio di cambio Il Gruppo, che opera su pi\u00f9 mercati a livello mondiale, \u00e8 naturalmente esposto a rischi di mercato connessi alle fluttuazioni dei tassi di cambio. In continuit\u00e0 con il precedente esercizio, tale rischio \u00e8 considerato poco significativo nonostante l\u2019attivit\u00e0 del Gruppo nei mercati internazionali. Il rischio cambio \u00e8 sostanzialmente limitato in quanto ogni Paese sostiene i costi nella stessa valuta nella quale realizza i ricavi . c) Rischi di variazione prezzo delle materie prime Tale fattore di rischio rileva, per le societ\u00e0 del Gruppo, con riferimento alle materie prime quali energia elettrica, legno (utilizzato per i pannelli degli stand) e polimeri (utilizzati per le grafiche, la cartellonistica e la moquette). A tal proposito il Gruppo ha attuato politiche di approvvigionamento anticipato per alcuni materiali (es. pannelli per gli stand) o a prezzo fissato per altre materie prime (energia elettrica e gas). Inoltre, sono stati avviati nei primi mesi del 2023 i lavori di potenziamento dell\u2019impianto fotovoltaico installato nel quartiere di Rho con l\u2019obiettivo, fra il 2023 e il 2024, di aumentare la quota di fabbisogno energetico soddisfatto da tale fonte dal 20% attuale fino a un 25-30%. L\u2019esposizione a tale fattore di rischio \u00e8 descritta nel paragrafo Rischio di aumento del prezzo delle materie prime presente nella Relazione del Consiglio di Amministrazione sulla gestione. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "35) Informativa su garanzie prestate, impegni ed altre passivit\u00e0 potenziali Garanzie prestate Ammontano complessivamente a 4.633 migliaia di euro e sono cos\u00ec composte: \u2022  3.186 migliaia di euro per la fideiussione rilasciata a favore di SIMEST SpA a garanzia delle obbligazioni  assunte con il contratto di finanziamento richiesto dalla Capogruppo a valere sulle risorse del Fondo di cui  alla legge 394/81; \u2022  924 migliaia di euro per la fideiussione rilasciata dalla Capogruppo a favore di PGIM Real Estate Luxembourg  S.A. per conto della societ\u00e0 controllata Nolostand SpA a garanzia delle obbligazioni assunte con il contratto  di locazione del magazzino; \u2022  501 migliaia di euro per la fideiussione rilasciata dalla Capogruppo a favore dell\u2019Agenzia delle Entrate per  conto della societ\u00e0 La Fabbrica del Libro SpA liquidata in data 10 novembre 2019 a garanzia della richiesta  di rimborso IVA anno d\u2019imposta 2019; \u2022  22 migliaia di euro per fideiussioni rilasciate a garanzia dei contratti di locazione della societ\u00e0 controllata  MADE eventi Srl. Passivit\u00e0 potenziali Si segnala che sono in essere alcuni procedimenti legali il cui rischio di soccombenza, stimato in circa 275  migliaia di euro, \u00e8 stato ritenuto possibile dal legale incaricato.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Garanzie prestate Ammontano complessivamente a 4.633 migliaia di euro e sono cos\u00ec composte: \u2022  3.186 migliaia di euro per la fideiussione rilasciata a favore di SIMEST SpA a garanzia delle obbligazioni assunte con il contratto di finanziamento richiesto dalla Capogruppo a valere sulle risorse del Fondo di cui alla legge 394/81; \u2022  924 migliaia di euro per la fideiussione rilasciata dalla Capogruppo a favore di PGIM Real Estate Luxembourg S.A. per conto della societ\u00e0 controllata Nolostand SpA a garanzia delle obbligazioni assunte con il contratto di locazione del magazzino; \u2022  501 migliaia di euro per la fideiussione rilasciata dalla Capogruppo a favore dell\u2019Agenzia delle Entrate per conto della societ\u00e0 La Fabbrica del Libro SpA liquidata in data 10 novembre 2019 a garanzia della richiesta di rimborso IVA anno d\u2019imposta 2019; \u2022  22 migliaia di euro per fideiussioni rilasciate a garanzia dei contratti di locazione della societ\u00e0 controllata MADE eventi Srl. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Passivit\u00e0 po<span class=\"_ _0\"></span>tenziali<span class=\"_ _348\"> </span>Si se<span class=\"_ _1\"></span>gn<span class=\"_ _1\"></span>ala c<span class=\"_ _1\"></span>he s<span class=\"_ _1\"></span>ono i<span class=\"_ _1\"></span>n es<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>re al<span class=\"_ _1\"></span>cu<span class=\"_ _1\"></span>ni pr<span class=\"_ _1\"></span>oce<span class=\"_ _1\"></span>di<span class=\"_ _1\"></span>men<span class=\"_ _1\"></span>ti le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>li il cu<span class=\"_ _1\"></span>i ris<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>io di s<span class=\"_ _1\"></span>oc<span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>nz<span class=\"_ _1\"></span>a, s<span class=\"_ _1\"></span>tima<span class=\"_ _1\"></span>to in cir<span class=\"_ _1\"></span>ca 275<span class=\"_ _348\"> </span>migl<span class=\"_ _1\"></span>iai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro, \u00e8 st<span class=\"_ _1\"></span>ato ri<span class=\"_ _1\"></span>tenu<span class=\"_ _1\"></span>to pos<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>bile d<span class=\"_ _1\"></span>al l<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>ale i<span class=\"_ _1\"></span>nca<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "36) Ricavi delle vendite e delle prestazioni Ammontano a 220.285 migliaia di euro (122.302 migliaia di euro al 31 dicembre 2021). La composizione per tipologie di ricavi \u00e8 la seguente: Ricavi delle vendite e delle prestazioni  (migliaia di euro) 2022   2021   variazione Corrispettivi utilizzo aree fieristiche  71.277   23.818  47.459 Noleggio allestimenti, arredi e attrezzature  65.568   34.910  30.658 Canoni aree espositori  30.706   33.668  -2.962 Corrispettivi e servizi convegni ed eventi  14.186   6.031  8.155 Servizi di ristorazione e mensa  10.036   4.046  5.990 Servizi quartiere  8.109   5.831  2.278 Servizi e spazi pubblicitari  5.533   3.046  2.487 Corrispettivi diversi e royalties  3.828   3.504  324 Servizi supplementari di mostra  3.459   2.262  1.197 Biglietteria ingressi a pagamento  2.509   1.658  851 Servizio controllo accessi e customer care  1.987   981  1.006 Servizi di telefonia e internet  1.626   1.159  467 Servizi multimediali e catalogo on line  824   448  376 Servizi amministrativi di mostra  436   322  114 Vendita prodotti editoriali  201   618  -417 Totale   220.285   122.302  97.983 L\u2019incremento dei ricavi \u00e8 principalmente collegato alla ripartenza di fiere e congressi e si raffronta con l\u2019analogo periodo del 2021 condizionato dalla sospensione in Italia nei primi sei mesi delle manifestazioni in presenza a seguito della pandemia da Covid-19. La variazione positiva \u00e8 correlata principalmente alla buona performance delle manifestazioni annuali e delle manifestazioni pluriennali tra le quali si segnala la presenza di Gastech, evento internazionale dedicato all\u2019industria energetica che si \u00e8 svolto per la prima volta a Milano. Tale effetto \u00e8 stato parzialmente compensato dal meno favorevole calendario fieristico, dovuto all\u2019assenza della \u201cbiennale anno dispari\u201d direttamente organizzata Host. Per quanto riguarda l\u2019attivit\u00e0 congressuale si segnala la presenza di congressi internazionali come: il World of Coffee, l\u2019ESA - Congresso Europeo di Anestesia, l\u2019ECE - Congresso Europeo di Endocrinologia e l\u2019EAS - Congresso Europeo sull\u2019Aterosclerosi, EADV - Accademia Europea di Dermatologia e Venereologia e l\u2019ESCRS - Societ\u00e0 Europea della Chirurgia Refrattiva e della Cataratta. La voce Ricavi delle vendite e delle prestazioni include 10.190 migliaia di euro (4.706 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni  .",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "37) Costi per materiali Ammontano a 4.078 migliaia di euro (1.705 migliaia di euro al 31 dicembre 2021). La composizione per tipologia di costo \u00e8 la seguente: Costi per materiali   (migliaia di euro)   2022   2021   variazione Materiale sussidiario e di consumo  3.934 1.632 2.302 Stampati, modulistica e cancelleria  96 54 42 Materie prime  48 2 46 Prodotti finiti e imballaggi   - 17 -17 Totale  4.078 1.705 2.373 La voce Costi per materiali include 4 migliaia di euro (valore pari a zero al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. 38) Costi per servizi Ammontano a 110.159 migliaia di euro (71.204 migliaia di euro al 31 dicembre 2021). La composizione per tipologia di costo \u00e8 la seguente: Costi per servizi (migliaia di euro) 2022   2021   variazione Noleggio attrezzature per manifestazioni  21.940   12.859   9.081 Allestimenti e attrezzature per manifestazioni  17.685   7.984   9.701 Consumi energetici  7.483   6.201   1.282 Manutenzioni  7.458   6.871   587 Servizi di vigilanza e portierato  5.891   3.900   1.991 Pulizia e asporto rifiuti  5.849   3.372   2.477 Iniziative promozionali alle manifestazioni  5.356   2.167   3.189 Servizi informatici  4.455   3.747   708 Consulenze tecniche, legali, commerciali e amministrative  4.395   3.692   703 Servizi di pubblicit\u00e0  3.762   3.232   530 Servizi di ristorazione  3.298   1.696   1.602 Premi assicurativi  3.181   1.833   1.348 Spese telefoniche e internet  2.175   1.914   261 Servizi professionali e collaborazioni varie di manifestazione  2.159   1.260   899 Servizi per convegni e congressi  2.116   1.759   357 Assistenze tecnica e servizi accessori  1.845   857   988 Provvigioni e commissioni  1.842   572   1.270 Prestazioni di servizi legali, commerciali e amministrative  1.634   1.439   195 Variazione costi sospesi sostenuti per manifestazioni  734   830  -96 Servizi di trasporto  730   1.670  -940 Biglietteria  586   272   314 Compensi Sindaci  241   265  -24 Altri  5.400   2.822   2.578 Utilizzo fondi -56  -10  -46 Totale  110.159   71.204   38.955 La voce \u201cCosti per servizi\u201d comprende, prevalentemente, costi per la gestione dei quartieri nelle fasi di mobilitazione, svolgimento e smobilitazione delle manifestazioni e dei congressi. La variazione in aumento \u00e8 principalmente correlata all\u2019andamento dei ricavi. La voce Costi per servizi include 3.007 migliaia di euro (1.375 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. 39) Costi per godimento di beni di terzi Ammontano a 1.246 migliaia di euro (516 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartiti: Costi per godimento di beni di terzi  (migliaia di euro) 2022   2021  variazione Canoni variabili 860 347 513 Noleggio automezzi - spese di gestione 237 135 102 Spese aree espositive 100 3 97 Noleggio apparecchiature e fotocopiatrici uffici 49 31 18 Totale 1.246 516 730 La voce \u201cCanoni variabili\u201d \u00e8 prevalentemente riconducibile alla licenza d\u2019uso di marchi di manifestazione. La voce Costi per godimento di beni di terzi include 77 migliaia di euro (valore pari a zero al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "Personale dipendente ripartito per categorie    2022   2021  Variazione Dirigenti 33 31  2 Quadri e Impiegati 654 668 -14 di cui Societ\u00e0 consolidate con il metodo del patrimonio netto:      Dirigenti 5 4  1 Quadri e Impiegati 75 77 -2 Totale dipendenti 687 699 -12 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "41) Altre spese operative Ammontano a 3.931 migliaia di euro (2.843 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartite: Altre spese operative (migliaia di euro) 2022   2021   variazione  Imposte non sul reddito e tasse  2.632   1.718   914  Perdite su crediti coperte da fondo  1.708   233   1.475  Contributi ed erogazioni  641   562   79  Altri costi  341   370  -29  Diritti SIAE  292   136   156  Omaggi e articoli pubblicitari  20   49  -29  Minusvalenze immobilizzazioni  15   8   7  Utilizzo fondi -1.718  -233  -1.485  Totale  3.931   2.843   1.088  La variazione in aumento della voce \u201cImposte non sul reddito e tasse\u201d si riferisce principalmente all\u2019incremento  della quota variabile della tassa sui rifiuti parametrata ai maggiori volumi di raccolta correlati alla ripresa delle  attivit\u00e0 fieristiche.  La voce Altre spese operative include 362 migliaia di euro (298 migliaia di euro al 31 dicembre 2021) riguardanti  operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "41) Altre spese operative Ammontano a 3.931 migliaia di euro (2.843 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartite: Altre spese operative (migliaia di euro) 2022   2021   variazione Imposte non sul reddito e tasse  2.632   1.718   914 Perdite su crediti coperte da fondo  1.708   233   1.475 Contributi ed erogazioni  641   562   79 Altri costi  341   370  -29 Diritti SIAE  292   136   156 Omaggi e articoli pubblicitari  20   49  -29 Minusvalenze immobilizzazioni  15   8   7 Utilizzo fondi -1.718  -233  -1.485 Totale  3.931   2.843   1.088 La variazione in aumento della voce \u201cImposte non sul reddito e tasse\u201d si riferisce principalmente all\u2019incremento della quota variabile della tassa sui rifiuti parametrata ai maggiori volumi di raccolta correlati alla ripresa delle attivit\u00e0 fieristiche. La voce Altre spese operative include 362 migliaia di euro (298 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni . 42) Proventi diversi Ammontano a 4.135 migliaia di euro (73.146 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartiti: Proventi diversi (migliaia di euro) 2022   2021   variazione Altri recuperi di costo  1.064   918   146 Contributi in c/esercizio  934   63.326  -62.392 Affitti uffici e spese utilizzo locali  577   498   79 Recupero costi personale distaccato  485   427   58 Indennizzi assicurativi  125   36   89 Plusvalenze su immobilizzazioni  -  67  -67 Altri proventi  950   7.874  -6.924 Totale  4.135   73.146  -69.011 La variazione in diminuzione si riferisce principalmente alla presenza nell\u2019esercizio precedente dei contributi pubblici di natura non ricorrente, pari a 61.490 migliaia di euro, ricevuti a seguito dell\u2019emergenza epidemiologica da Covid-19 oltre che al provento non ricorrente pari a 5.500 migliaia di euro, relativo alla riduzione temporanea per l\u2019anno 2021 dei canoni di locazione dei poli fieristici di Rho e Milano, concessa dalla Controllante Fondazione Fiera Milano che era compreso nella voce \u201cAltri proventi\u201d. La voce Proventi diversi include 959 migliaia di euro (6.269 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "42) Proventi diversi Ammontano a 4.135 migliaia di euro (73.146 migliaia di euro al 31 dicembre 2021) e risultano cos\u00ec ripartiti: Proventi diversi (migliaia di euro) 2022   2021   variazione  Altri recuperi di costo  1.064   918   146  Contributi in c/esercizio  934   63.326  -62.392  Affitti uffici e spese utilizzo locali  577   498   79  Recupero costi personale distaccato  485   427   58  Indennizzi assicurativi  125   36   89  Plusvalenze su immobilizzazioni  -  67  -67  Altri proventi  950   7.874  -6.924  Totale  4.135   73.146  -69.011  La variazione in diminuzione si riferisce principalmente alla presenza nell\u2019esercizio precedente dei contributi  pubblici di natura non ricorrente, pari a 61.490 migliaia di euro, ricevuti a seguito dell\u2019emergenza epidemiologica  da Covid-19 oltre che al provento non ricorrente pari a 5.500 migliaia di euro, relativo alla riduzione temporanea  per l\u2019anno 2021 dei canoni di locazione dei poli fieristici di Rho e Milano, concessa dalla Controllante Fondazione  Fiera Milano che era compreso nella voce \u201cAltri proventi\u201d.  La voce Proventi diversi include 959 migliaia di euro (6.269 migliaia di euro al 31 dicembre 2021) riguardanti  operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "44) Sv<span class=\"_ _0\"></span>alutazione dei<span class=\"_ _0\"></span> crediti e<span class=\"_ _0\"></span> altri ac<span class=\"_ _0\"></span>cantonamenti<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 2.656 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro (5.<span class=\"_ _1\"></span>925 migli<span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span>a di eu<span class=\"_ _1\"></span>ro al 31 dic<span class=\"_ _1\"></span>emb<span class=\"_ _1\"></span>re 2021<span class=\"_ _0\"></span>).<span class=\"_ _348\"> </span>La movimentazione della voce \u00e8 e<span class=\"_ _0\"></span>videnziata nella seguente tabella:<span class=\"_ _348\"> </span>Svaluta<span class=\"_ _1\"></span>zione dei crediti e<span class=\"_ _0\"></span> altri accantonamenti<span class=\"_ _20\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> 2022 <span class=\"_ _2e\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _69\"> </span> variazione<span class=\"_ _348\"> </span></span>Riorganizzazione aziendale<span class=\"_ _2c8\"> </span><span class=\"fc0\"> 2.229 <span class=\"_ _2e\"> </span></span>5.584<span class=\"_ _a3\"> </span>-3.355<span class=\"_ _348\"> </span>Contenziosi diversi<span class=\"_ _1e4\"> </span><span class=\"fc0\"> 500 <span class=\"_ _83\"> </span></span> -<span class=\"_ _26\"> </span>500<span class=\"_ _348\"> </span>Svalutazione dei crediti<span class=\"_ _1af\"> </span><span class=\"fc0\"> 69 <span class=\"_ _158\"> </span></span>2<span class=\"_ _7c\"> </span>67<span class=\"_ _348\"> </span>Vertenze con il personale<span class=\"_ _dc\"> </span><span class=\"fc0\"> -<span class=\"_ _26\"> </span></span>339<span class=\"_ _2c9\"> </span>-339<span class=\"_ _348\"> </span>Rilascio quote eccedenti anni precedenti<span class=\"_ _b6\"> </span><span class=\"fc0\">-142 <span class=\"_ _256\"> </span></span> -<span class=\"_ _2c9\"> </span>-142<span class=\"_ _348\"> </span>Totale<span class=\"_ _276\"> </span> 2.656 <span class=\"_ _2e\"> </span><span class=\"fc4\">5.925<span class=\"_ _a3\"> </span>-3.269<span class=\"_ _348\"> </span></span>Per un<span class=\"_ _1\"></span>a pi\u00f9 d<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>nal<span class=\"_ _1\"></span>isi r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva al<span class=\"_ _1\"></span>la movi<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one d<span class=\"_ _1\"></span>el fo<span class=\"_ _1\"></span>ndo sva<span class=\"_ _1\"></span>lut<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne cr<span class=\"_ _1\"></span>ed<span class=\"_ _1\"></span>iti e de<span class=\"_ _1\"></span>i fon<span class=\"_ _1\"></span>di ri<span class=\"_ _1\"></span>sc<span class=\"_ _1\"></span>hi<span class=\"_ _348\"> </span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rci<span class=\"_ _1\"></span>zio si r<span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>and<span class=\"_ _1\"></span>a a qua<span class=\"_ _1\"></span>nto in p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _1\"></span>nza c<span class=\"_ _1\"></span>om<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>to alle n<span class=\"_ _1\"></span>ote 1<span class=\"_ _0\"></span>3, 21 e 30<span class=\"_ _348\"> </span>.<span class=\"_ _348\"> </span>4<span class=\"_ _1\"></span>6) R<span class=\"_ _1\"></span>et<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>fi<span class=\"_ _1\"></span>ch<span class=\"_ _1\"></span>e d<span class=\"_ _1\"></span>i va<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>e di a<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _348\"> </span>Am<span class=\"_ _1\"></span>mon<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>no a 1<span class=\"_ _0\"></span>.276 migli<span class=\"_ _1\"></span>aia d<span class=\"_ _1\"></span>i eur<span class=\"_ _1\"></span>o (22 mi<span class=\"_ _1\"></span>glia<span class=\"_ _1\"></span>ia di e<span class=\"_ _1\"></span>uro a<span class=\"_ _1\"></span>l 31 dice<span class=\"_ _1\"></span>mbr<span class=\"_ _1\"></span>e 2021<span class=\"_ _6\"></span>).<span class=\"_ _348\"> </span>Il dettaglio della v<span class=\"_ _0\"></span>oce \u00e8 evidenziat<span class=\"_ _0\"></span>o nella seguente tabella:<span class=\"_ _348\"> </span>Rettifiche di valore di attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _146\"> </span><span class=\"ff6 fs32 fc4 ls3 ws3\">(migliaia di euro)</span> <span class=\"_ _75\"> </span><span class=\"ff1 fc0\"> 2022 <span class=\"_ _e5\"> </span><span class=\"fc4\"> 2021 <span class=\"_ _130\"> </span> variazione<span class=\"_ _348\"> </span></span></span>Svalutazioni marchi e testate per<span class=\"ff12\"> impairment test<span class=\"_ _2ca\"> </span></span><span class=\"fc0\"> 1.276 <span class=\"_ _83\"> </span></span> -<span class=\"_ _2e\"> </span> 1.276<span class=\"_ _348\"> </span>Svalutazioni inerenti la voce \u201cImmobili, impianti e macchinari\u201d<span class=\"_ _2bf\"> </span><span class=\"fc0\"> -<span class=\"_ _27b\"> </span></span> 22 <span class=\"_ _225\"> </span>-22<span class=\"_ _348\"> </span>Totale<span class=\"_ _276\"> </span> 1.276 <span class=\"_ _26\"> </span><span class=\"fc4\"> 22 <span class=\"_ _3d\"> </span> 1.254<span class=\"_ _348\"> </span></span>Il dettaglio delle rettifiche di v<span class=\"_ _0\"></span>alore \u00e8 ripor<span class=\"_ _1\"></span>tato nella<span class=\"_ _0\"></span> relativa sezione<span class=\"_ _0\"></span> delle Note<span class=\"_ _0\"></span> Esplicative a commento<span class=\"_ _0\"></span> della voce<span class=\"_ _348\"> </span>Att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 im<span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>ria<span class=\"_ _1\"></span>li a vi<span class=\"_ _1\"></span>ta d<span class=\"_ _1\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>.<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "45) Ammortamenti Ammortamenti di immobili, impianti e macchinari e attivit\u00e0 per diritto d\u2019uso Ammontano a 43.246 migliaia di euro (42.017 migliaia di euro al 31 dicembre 2021). Il dettaglio degli ammortamenti \u00e8 riportato nella relativa sezione delle Note Esplicative a commento della voce Immobili, impianti e macchinari e della voce Diritti d\u2019uso delle attivit\u00e0 in locazione. Ammortamenti Attivit\u00e0 immateriali Ammontano a 4.662 migliaia di euro (3.195 migliaia di euro al 31 dicembre 2021). La variazione in aumento si riferisce principalmente agli ammortamenti dei nuovi sistemi informativo-gestionali entrati in produzione dei nuovi sistemi digitali implementati a partire dalla fine dell'esercizio 2021. Il dettaglio degli ammortamenti \u00e8 riportato nella relativa sezione delle Note Esplicative a commento della voce Attivit\u00e0 immateriali a vita definita. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "47) Proventi finanziari e assimilati Ammontano a 1.600 migliaia di euro (1.028 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec suddivisi: Proventi finanziari e assimilati (migliaia di euro)   2022   2021   variazione Differenze cambio attive  855   203   652 Interessi attivi su depositi bancari  379   48   331 Interessi attivi su deposito cauzionale relativo alla locazione del quartiere fieristico  130   1   129 Interessi attivi su crediti verso Controllante  21   -  21 Altri proventi finanziari joint venture  20   26  -8 Valutazione al fair value dei fondi di investimento  -  720  -720 Altri proventi finanziari  195   30   167 Totale  1.600   1.028   572 La voce Proventi finanziari e assimilati include 171 migliaia di euro (27 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni . 48) Oneri finanziari e assimilati Ammontano a 14.524 migliaia di euro (14.420 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec suddivisi: Oneri finanziari e assimilati (migliaia di euro) 2022   2021   variazione Oneri su attivit\u00e0 in leasing verso Controllante  10.845   11.632  -787 Interessi passivi su c/c bancari  1.803   1.399   404 Valutazione al fair value dei fondi di investimento  733   -  733 Differenze cambio passive  436   289   147 Oneri su attivit\u00e0 in leasing   435   340   95 Oneri da attualizzazione su piani a benefici definiti  95   35   60 Interessi passivi su c/c corrispondenza Controllante   4   83  -79 Altri oneri finanziari  173   642  -469 Totale  14.524   14.420   104 La variazione \u00e8 conseguente principalmente agli oneri finanziari in relazione all\u2019incremento dei tassi di interesse e alla valutazione al fair value dei fondi di investimento, tale effetto \u00e8 stato parzialmente compensato da minori oneri finanziari su attivit\u00e0 in leasing, riferiti alla lease liability derivante dall\u2019applicazione del principio contabile IFRS 16 e dalla presenza nel precedente esercizio degli oneri su una sanzione amministrativa. La voce Oneri finanziari e assimilati include 10.849 migliaia di euro (11.715 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "47) Proventi finanziari e assimilati Ammontano a 1.600 migliaia di euro (1.028 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec suddivisi: Proventi finanziari e assimilati (migliaia di euro)   2022   2021   variazione Differenze cambio attive  855   203   652 Interessi attivi su depositi bancari  379   48   331 Interessi attivi su deposito cauzionale relativo alla locazione del quartiere fieristico  130   1   129 Interessi attivi su crediti verso Controllante  21   -  21 Altri proventi finanziari joint venture  20   26  -8 Valutazione al fair value dei fondi di investimento  -  720  -720 Altri proventi finanziari  195   30   167 Totale  1.600   1.028   572 La voce Proventi finanziari e assimilati include 171 migliaia di euro (27 migliaia di euro al 31 dicembre 2021) riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni . ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "48) Oneri finanziari e assimilati Ammontano a 14.524 migliaia di euro (14.420 migliaia di euro al 31 dicembre 2021) e sono cos\u00ec suddivisi: Oneri finanziari e assimilati (migliaia di euro) 2022   2021   variazione  Oneri su attivit\u00e0 in leasing verso Controllante  10.845   11.632  -787  Interessi passivi su c/c bancari  1.803   1.399   404  Valutazione al fair value dei fondi di investimento  733   -  733  Differenze cambio passive  436   289   147  Oneri su attivit\u00e0 in leasing   435   340   95  Oneri da attualizzazione su piani a benefici definiti  95   35   60  Interessi passivi su c/c corrispondenza Controllante   4   83  -79  Altri oneri finanziari  173   642  -469  Totale  14.524   14.420   104  La variazione \u00e8 conseguente principalmente agli oneri finanziari in relazione all\u2019incremento dei tassi di interesse  e alla valutazione al fair value dei fondi di investimento, tale effetto \u00e8 stato parzialmente compensato da minori  oneri finanziari su attivit\u00e0 in leasing, riferiti alla lease liability derivante dall\u2019applicazione del principio contabile  IFRS 16 e dalla presenza nel precedente esercizio degli oneri su una sanzione amministrativa. La voce Oneri finanziari e assimilati include 10.849 migliaia di euro (11.715 migliaia di euro al 31 dicembre 2021)  riguardanti operazioni con parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "49) Imposte sul reddito La voce imposte sul reddito \u00e8 pari a 2.055 migliaia di euro (-24.365 migliaia di euro al 31 dicembre 2021). Imposte sul reddito (migliaia di euro) 2022 2021  variazione Imposte correnti -960  -6.001   5.041 Imposte differite  3.015  -18.364   21.379 Totale  2.055  -24.365   26.420 La variazione si riferisce principalmente alla presenza nell\u2019esercizio precedente dei benefici derivanti dagli effetti del riallineamento fiscale di avviamenti e marchi di manifestazione previsto dall\u2019art.110 del D.L. 104/20 come modificato dall\u2019art. 1 c. 83 della legge n. 178 del 30 dicembre 2020 (legge di bilancio 2021). L\u2019analisi delle imposte correnti al 31 dicembre 2022 \u00e8 di seguito evidenziata: Imposte Correnti (migliaia di euro) 2022 2021  variazione Imposte correnti IRAP  504   770  -266 Imposta sostitutiva riallineamento fiscale  -  1.982  -1.982 Altre imposte correnti  13  -8   21 Oneri da consolidato fiscale  1.505   5   1.500 Proventi da consolidato fiscale -2.982  -8.750   5.768 Totale -960  -6.001   5.041 I proventi da consolidato fiscale riflettono il provento riconosciuto da Fondazione Fiera Milano per l\u2019apporto della perdita fiscale Ires maturata nel presente esercizio che sar\u00e0 remunerata una volta compensata con gli imponibili Ires presenti nel consolidato fiscale stesso e sulla base della valutazione sulla recuperabilit\u00e0 delle stesse nei limiti dell\u2019orizzonte temporale dei piani. Gli oneri da consolidato fiscale riflettono il debito fiscale nei confronti di Fondazione Fiera Milano per l'Ires teorica corrispondente all'imponibile positivo che \u00e8 stato trasferito in capo alla consolidante al netto dell'utilizzo delle proprie perdite fiscali preesistenti all'avvio del consolidato nonch\u00e9 dell'ACE. Le attivit\u00e0 per imposte anticipate e le passivit\u00e0 per imposte differite, suddivise per tipologia, sono cos\u00ec dettagliate: Imposte differite (migliaia di euro)  31/12/21 Iscritte a conto economico Iscritte a patrimonio netto  Effetto cambio 31/12/22 Differite attive          Ammortamenti e svalutazioni eccedenti  1.116  -287   -  -  829 Fondi rischi e oneri  1.465  -112   -    1.353 Svalutazione crediti  672  -407   -  -  265 Riallineamento fiscale avviamenti e marchi  8.147  -308   -  -  7.839 Perdite fiscali riportabili  3.255  -2.368   -  394   1.281 Altre differenze temporanee  1.341   82  -251   -  1.172 Totale  15.996  -3.400  -251  394   12.739 Differite passive          Ammortamenti avviamento e fiscalit\u00e0 differite sull\u2019acquisizione di beni intangibili  5.133  -401   -  55   4.787 Altre differenze temporanee  495   16   -  -  511 Totale  5.628  -385   -  55   5.298 Imposte differite nette 10.368  -3.015  -251  339  7.441 di cui: Attivit\u00e0 fiscali per imposte differite  14.011         11.174 Passivit\u00e0 per imposte differite passive  3.643         3.733 Le imposte differite a carico dell\u2019esercizio ammontano a 3.015 migliaia di euro e rappresentano il saldo tra il rilascio imposte differite attive (3.400 migliaia di euro) e rilascio di imposte differite passive (-385 migliaia di euro). La variazione delle imposte differite attive \u00e8 dovuta ai rilasci di imposte anticipate rilevate in precedenti esercizi a fronte di accantonamenti al fondo svalutazione crediti la cui deduzione era stata rimandata al momento del loro utilizzo oltre che al rilascio di imposte anticipate sorte in seguito al riallineamento fiscale di avviamenti e marchi di manifestazioni. Con riferimento alla societ\u00e0 Fiera Milano Brasil Ltda, \u00e8 stato ridotto il valore contabile delle attivit\u00e0 per imposte differite per 2.445 migliaia di euro in relazione alle possibilit\u00e0 di recuperabilit\u00e0 futura e azzerato il fondo per imposte differite passive per 398 migliaia di euro a fronte della svalutazione dei marchi di manifestazione. Riconciliazione tra carico d\u2019imposta IRES teorico ed imposte correnti effettive  (migliaia di euro) Risultato consolidato prima delle imposte -3.705 Aliquota d\u2019imposta applicabile per IRES 24% Imposta IRES teorica -889 Differenze tra imposte teoriche ed effettive:  Riallineamento fiscale avviamenti e marchi di manifestazione 265 Fiscalit\u00e0 estera su svalutazioni 2.061 Altre 84 Carico d\u2019imposta effettivo 1.521 Riconciliazione tra carico d\u2019imposta teorico ed effettivo ai fini IRAP (migliaia di euro) EBIT 9.219 Costi non rilevanti ai fini IRAP 45.327 Base imponibile consolidata ai fini IRAP 54.546 Aliquota d\u2019imposta applicabile per IRAP 3,9% Imposta IRAP teorica 2.127 Differenze tra imposte teoriche ed effettive:  Effetti del cuneo fiscale -1.631 Riallineamento fiscale avviamenti e marchi di manifestazione 43 Svalutazioni e accantonamenti non deducibili -5 Carico d\u2019imposta IRAP effettivo 534 La voce Imposte sul reddito include -1.477 migliaia di euro (-8.745 migliaia di euro al 31 dicembre 2021) riguardanti operazioni verso parti correlate. Per maggiori dettagli si rimanda alla nota 53 dedicata a tali operazioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "50) Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita Il Risultato netto dell\u2019esercizio delle attivit\u00e0 destinate alla vendita \u00e8 pari a zero (4.600 migliaia di euro al 31 dicembre 2021. Per maggiori dettagli si rimanda alla nota 1.7 \u201cInformativa sulle attivit\u00e0 destinate alla vendita\u201d. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "52) Risultato per azione L\u2019esercizio 2022 presenta un risultato per azione di -0,0782 euro rispetto a 0,6192 euro per l\u2019esercizio chiuso al 31 dicembre 2021, determinato dividendo il risultato netto per il numero medio ponderato delle azioni di Fiera Milano SpA in circolazione durante l\u2019esercizio.  2022 2021 Risultato (in migliaia di euro) -5.599 44.359 Numero medio di azioni in circolazione (in migliaia) 71.626 71.644 Utile (Perdita) per azione base (in euro) -0,0782 0,6192 Utile (Perdita) per azione diluito (in euro) -0,0782 0,6192 Il valore utilizzato come numeratore nel calcolo dell\u2019utile (perdita) base e dell\u2019utile (perdita) diluito per azione \u00e8 pari a -5.599 migliaia di euro nell\u2019esercizio chiuso al 31 dicembre 2022 (44.359 migliaia di euro al 31 dicembre 2021) .",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "La media ponderata delle azioni ordinarie utilizzata nel calcolo dell\u2019utile (perdita) base e dell\u2019utile (perdita) diluito per azione, con relativa riconciliazione tra i due dati, \u00e8 indicata nella tabella che segue: (dati in migliaia) 2022 2021 Media ponderata ai fini del calcolo del risultato per azione 71.626 71.644 + Numero di potenziali azioni emesse senza corrispettivo  -  - Media ponderata ai fini del calcolo dell\u2019utile (perdita) diluito per azione 71.626 71.644 Nel corso dell\u2019esercizio non sono stati emessi strumenti, incluse azioni di potenziale emissione, che potrebbero diluire l\u2019utile base per azione in futuro, inoltre, dopo la data di chiusura dell\u2019esercizio non sono state concluse operazioni concernenti le azioni ordinarie o le potenziali azioni ordinarie. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Nel corso dell\u2019esercizio non sono avvenute operazioni o eventi significativi non ricorrenti, indicate ai sensi della comunicazione Consob del 28 luglio 2006. L\u2019importo riferito al precedente esercizio e iscritto con separata indicazione alla voce Proventi diversi si riferisce al contributo di 10.000 migliaia di euro erogato da SIMEST a valere sul Fondo per la Promozione Integrata a ristoro dei costi fissi non coperti da utili oltre che ai contributi di 51.490 migliaia di euro ricevuti quale ristoro delle riduzioni di margine operativo lordo causate dalla pandemia da Covid-19 negli esercizi 2020 e 2021. Inoltre, la Controllante Fondazione Fiera Milano ha concesso una temporanea riduzione dei canoni di locazione dei poli fieristici di Rho e di Milano per l\u2019anno 2021 pari a 5.500 migliaia di euro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Fatti di rilievo successivi alla chiusura dell\u2019esercizio In data 28 febbraio 2023 Fiera Milano ha chiuso il buyback volto all\u2019acquisto di azioni proprie raggiungendo 410.000 azioni acquistate ad un prezzo medio di euro 3,02 per un controvalore totale di euro 1.241.132. La Societ\u00e0 detiene n. 683.758 azioni proprie pari allo 0,95% del capitale sociale. In data 9 marzo 2023 il Consiglio di Amministrazione di Fiera Milano SpA facendo seguito ai comunicati stampa del 25 gennaio 2022, del 20 maggio 2022, del 13 ottobre 2022, del 2 e 7 marzo 2023, rende noto di aver approvato la finalizzazione dell\u2019operazione strategica con Fiere di Parma SpA avente ad oggetto una partnership volta alla creazione di una comune piattaforma fieristica europea nel comparto agro-alimentare. Si ricorda che l\u2019operazione verr\u00e0 realizzata attraverso la sottoscrizione di un aumento di capitale di Fiere di Parma riservato a Fiera Milano, da liberarsi mediante il conferimento del ramo d\u2019azienda di Fiera Milano relativo alla manifestazione \u201cTuttofood\u201d, primario evento espositivo nel settore agro-alimentare organizzato a Milano presso il quartiere di Rho, per un controvalore di euro 16,5 milioni. Le Parti hanno definito che, a perfezionamento dell\u2019operazione, Fiera Milano deterr\u00e0 inizialmente una partecipazione pari al 18,5% nel capitale sociale di Fiere di Parma. Ricordiamo altres\u00ec che, attraverso la suddetta operazione, le Parti si pongono l\u2019obiettivo di creare una nuova piattaforma fieristica multipolare costituita da (i) \u201cTuttofood powered by Cibus\u201d a Milano, che si posizioner\u00e0 come evento di matrice internazionale che, oltre a supportare la filiera domestica, sar\u00e0 il riferimento per una platea espositiva proveniente da tutti i Paesi leader nelle produzioni agroalimentari, competendo cos\u00ec con le omologhe manifestazioni europee, e da (ii) \"Cibus\" a Parma, evento iconico per il Made In Italy alimentare di eccellenza e per i suoi territori. Grazie alle sinergie create tra Fiera Milano e Fiere di Parma, le manifestazioni saranno in grado di specializzare il proprio posizionamento, offrendo un supporto strategico e permanente al Made in Italy agro- alimentare e, in generale, al sistema Italia. L\u2019operazione prevede inoltre che Fiera Milano partecipi alla governance di Fiere di Parma supportando i soci privati \u2013 ovvero Cr\u00e9dit Agricole Italia SpA e Unione Parmense degli Industriali \u2013 e i soci pubblici \u2013 ovvero Comune e Provincia di Parma, Camera di Commercio di Parma e Regione Emilia-Romagna \u2013 nel valorizzare l\u2019esecuzione del piano industriale delle manifestazioni. L\u2019operazione prevede inoltre l\u2019erogazione di servizi da Fiera Milano in favore di Fiere di Parma relativamente alla manifestazione \u201cTuttofood powered by Cibus\u201d, che continuer\u00e0 a tenersi presso il polo fieristico di Rho gestito da Fiera Milano. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Compensi degli Organi di Amministrazione e di Controllo, dei Direttori Generali e dei Dirigenti con Responsabilit\u00e0 Strategiche I Dirigenti con responsabilit\u00e0 strategiche sono identificabili con le figure che hanno il potere e la responsabilit\u00e0, direttamente o indirettamente, della pianificazione, della direzione e del controllo delle attivit\u00e0 del Gruppo. I Dirigenti strategici del Gruppo sono stati individuati nelle figure degli Amministratori, dei Sindaci, del Chief Financial Officer e del Chief Revenue Officer della Capogruppo. La retribuzione complessiva di questa categoria di Dirigenti, in relazione al periodo chiuso al 31 dicembre 2022, ammonta a 2.542 migliaia di euro (2.932 migliaia di euro al 31 dicembre 2021) ed \u00e8 cos\u00ec suddivisa: Compensi  2022 (migliaia di euro)  Amministratori   Sindaci   Altri Benefici a breve termine 579 166 1.168 Benefici successivi al rapporto di lavoro  -  - 80 Altri benefici a lungo termine  -  -  - Indennit\u00e0 per cessazione del rapporto di lavoro  -  -  240 Costo figurativo \u201cPiano di incentivazione a medio termine\u201d  -  -  309 Totale 579 166 1.797 Compensi  2021 (migliaia di euro)  Amministratori   Sindaci   Altri Benefici a breve termine 612 164 1.341 Benefici successivi al rapporto di lavoro  -  - 79 Altri benefici a lungo termine  -  -  - Indennit\u00e0 per cessazione del rapporto di lavoro  -  -  - Costo figurativo \u201cPiano di incentivazione a medio termine\u201d  -  -  736 Totale 612 164 2.156 Si segnala che per la categoria in oggetto il debito residuo al 31 dicembre 2022 \u00e8 pari a 568 migliaia di euro (641 migliaia di euro al 31 dicembre 2021). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "Informazioni ai<span class=\"_ _6\"></span> se<span class=\"_ _1\"></span>nsi dell\u2019<span class=\"_ _6\"></span>ar<span class=\"_ _1\"></span>t. 1<span class=\"_ _6\"></span>49<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span><span class=\"ff4 ls46 wsd9\">duodecies</span><span class=\"ls9 ws61\"> del Regolamento Emittenti Consob<span class=\"_ _348\"> </span></span>Nel<span class=\"_ _1\"></span>la ta<span class=\"_ _1\"></span>be<span class=\"_ _1\"></span>lla a<span class=\"_ _1\"></span>lla pa<span class=\"_ _1\"></span>gin<span class=\"_ _1\"></span>a se<span class=\"_ _1\"></span>gue<span class=\"_ _1\"></span>nte ven<span class=\"_ _1\"></span>gon<span class=\"_ _1\"></span>o es<span class=\"_ _1\"></span>po<span class=\"_ _1\"></span>sti i c<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>spe<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>tivi d<span class=\"_ _1\"></span>i com<span class=\"_ _1\"></span>pe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>rc<span class=\"_ _1\"></span>izio 20<span class=\"_ _1\"></span>22 pe<span class=\"_ _1\"></span>r i se<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>vi<span class=\"_ _1\"></span>zi<span class=\"_ _348\"> </span>resi dalla societ\u00e0 di re<span class=\"_ _0\"></span>visione.<span class=\"_ _348\"> </span>(migliaia di euro)<span class=\"_ _348\"> </span>Servizio reso<span class=\"_ _d9\"> </span>Societ\u00e0 erogante il servizio<span class=\"_ _257\"> </span>Destinatario<span class=\"_ _2f1\"> </span>Corrispettivi per l\u2019esercizio 2022<span class=\"_ _348\"> </span>Revisione legale<span class=\"_ _25c\"> </span>EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _2f2\"> </span><span class=\"fc0\"> 215<span class=\"_ _348\"> </span></span>Revisione legale<span class=\"_ _25c\"> </span>EY SpA <span class=\"_ _163\"> </span>Societ\u00e0 controllate <span class=\"_ _2e9\"> </span><span class=\"fc0\"> 118<span class=\"_ _348\"> </span></span>Revisione legale<span class=\"_ _25c\"> </span>network EY <span class=\"_ _11d\"> </span>Societ\u00e0 controllate <span class=\"_ _2eb\"> </span><span class=\"fc0\"> 33<span class=\"_ _348\"> </span></span>Altri servizi<span class=\"_ _348\"> </span>(*)<span class=\"_ _348\"> </span>EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _202\"> </span><span class=\"fc0\"> 29<span class=\"_ _348\"> </span></span>Altri servizi<span class=\"_ _348\"> </span>(**)<span class=\"_ _348\"> </span>EY SpA <span class=\"_ _163\"> </span>Capogruppo - Fiera Milano SpA <span class=\"_ _202\"> </span><span class=\"fc0\"> 20<span class=\"_ _348\"> </span></span>Totale<span class=\"_ _129\"> </span> 415<span class=\"_ _348\"> </span>(*)  <span class=\"_ _30\"> </span>Procedure concordate di revisione<span class=\"_ _348\"> </span>(**)  <span class=\"_ _172\"> </span>Revisione limitata della Dichiarazione non finanziaria<span class=\"_ _348\"> </span>Rho (<span class=\"_ _1\"></span>Mila<span class=\"_ _1\"></span>no), 1<span class=\"_ _6\"></span>5 ma<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>zo 2023 <span class=\"_ _94\"> </span>p. Il C<span class=\"_ _1\"></span>ons<span class=\"_ _1\"></span>igli<span class=\"_ _1\"></span>o di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one <span class=\"_ _2d7\"> </span> Il<span class=\"_ _0\"></span> Presidente <span class=\"_ _287\"> </span>Carlo Bonomi<span class=\"_ _348\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "Attestazione relativa al Bilancio Consolidato ai sensi dell\u2019art.154 bis comma 5 del D.Lgs. del 24 febbraio 1998, n. 58 1.   I sottoscritti, Luca Palermo, in qualit\u00e0 di Amministratore Delegato, e Andrea Maldi, in qualit\u00e0 di Dirigente preposto alla redazione dei documenti contabili societari di Fiera Milano SpA, attestano, tenuto anche conto di quanto previsto dall\u2019art. 154-bis, commi 3 e 4, del decreto legislativo 24 febbraio 1998, n. 58: \u2022  l\u2019adeguatezza in relazione alle caratteristiche dell\u2019impresa e \u2022  l\u2019effettiva applicazione, delle procedure amministrative e contabili per la formazione del bilancio consolidato nel corso dell\u2019esercizio al 31 dicembre 2022. 2.   Si attesta, inoltre, che: 2.1   il bilancio consolidato al 31 dicembre 2022: - \u00e8 redatto in conformit\u00e0 ai principi contabili internazionali applicabili riconosciuti nella Comunit\u00e0 europea ai sensi del regolamento (CE) n. 1606/2002 del Parlamento europeo e del Consiglio, del 1 luglio 2002; -  corrisponde alle risultanze dei libri e delle scritture contabili; -  \u00e8 idoneo a fornire una rappresentazione veritiera e corretta della situazione patrimoniale, economica e finanziaria dell\u2019emittente e dell\u2019insieme delle imprese incluse nel consolidamento. 2.2  la relazione sulla gestione comprende un\u2019analisi attendibile dell\u2019andamento e del risultato della gestione, nonch\u00e9 della situazione dell\u2019emittente e dell\u2019insieme delle imprese incluse nel consolidamento, unitamente alla descrizione dei principali rischi e incertezze cui sono esposti. Rho (Milano), 15 marzo 2023 Firmato  Firmato  Amministratore Delegato  Dirigente preposto alla redazione  Luca Palermo  dei documenti contabili societari   Andrea Maldi",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560026FB4FD48C6110",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}