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   "decimals": -3,
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "fact-557": {
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "ifrs-full:CategoriesOfRelatedPartiesAxis": "ifrs-full:RelatedPartiesMember",
    "unit": "iso4217:EUR"
   }
  },
  "fact-558": {
   "value": "-172764000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
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  },
  "fact-560": {
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   "decimals": -3,
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
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  "fact-562": {
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
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    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:81560048ECF8D2059980",
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  "fact-565": {
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   "decimals": -3,
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    "concept": "ifrs-full:CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  },
  "fact-640": {
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   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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    "entity": "scheme:81560048ECF8D2059980",
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  "fact-2": {
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    "concept": "ifrs-full:DomicileOfEntity",
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "fact-3": {
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    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "fact-4": {
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    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "fact-5": {
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    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "fact-6": {
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    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  },
  "fact-7": {
   "value": "di gestione e controllo del traffico aereo da 45 Torri di controllo e quattro Centri di controllo d\u2019area (ACC) sul territorio nazionale 24 ore su 24 e negli altri servizi essenziali per la navigazione aerea nei cieli italiani e negli aeroporti civili nazionali di competenza, nella conduzione tecnica e manutenzione degli impianti e dei sistemi per il controllo del traffico aereo, in attivit\u00e0 di vendita di soluzioni software in ambito aeronautico e in attivit\u00e0 di sviluppo commerciale e di consulenza aeronautica. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": " ENAV S.p.A.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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  "fact-600": {
   "value": "2.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Forma e con<span class=\"_ _1\"></span>tenuto del Bi<span class=\"_ _1\"></span>lancio Consolidato </span><span class=\"ls0\"><span class=\"ff3\"> </span></span>Il <span class=\"_ _a\"></span>Bilancio <span class=\"_ _b\"></span>consolida<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _a\"></span>dicembre <span class=\"_ _a\"></span>2025 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _a\"></span>S.<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>.A.<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _b\"></span>sue <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>(di <span class=\"_ _b\"></span>seguito <span class=\"_ _a\"></span>anche <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span> \u201cGr<span class=\"_ _1\"></span>uppo\u201d)  \u00e8  sta<span class=\"_ _1\"></span>to  re<span class=\"_ _1\"></span>datto<span class=\"_ _1\"></span>  in <span class=\"_ _7\"> </span>con<span class=\"_ _1\"></span>formit<span class=\"_ _1\"></span>\u00e0  ai  principi<span class=\"_ _1\"></span>  cont<span class=\"_ _1\"></span>abili  inte<span class=\"_ _1\"></span>rnazionali  Int<span class=\"_ _1\"></span>ernational  Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _41\"> </span> Standar<span class=\"_ _1\"></span>ds <span class=\"_ _17\"> </span>(IAS) <span class=\"_ _17\"> </span>ed <span class=\"_ _2b\"> </span>In<span class=\"_ _1\"></span>terna<span class=\"_ _1\"></span>tional <span class=\"_ _2b\"> </span>Financi<span class=\"_ _1\"></span>al <span class=\"_ _2b\"> </span>R<span class=\"_ _1\"></span>eporti<span class=\"_ _1\"></span>ng <span class=\"_ _17\"> </span>S<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>andard<span class=\"_ _1\"></span>s <span class=\"_ _2b\"> </span>(IFR<span class=\"_ _1\"></span>S) <span class=\"_ _17\"> </span>emanati <span class=\"_ _17\"> </span>dall\u2019Int<span class=\"_ _1\"></span>ernational<span class=\"_ _41\"> </span> Accounti<span class=\"_ _1\"></span>ng <span class=\"_ _10\"> </span>Standar<span class=\"_ _1\"></span>ds <span class=\"_ _10\"> </span>Boar<span class=\"_ _1\"></span>d  (<span class=\"_ _1\"></span>IASB)  e<span class=\"_ _1\"></span>d  all<span class=\"_ _1\"></span>e  r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>e  in<span class=\"_ _1\"></span>terpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _9\"> </span>(IFRIC <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>SIC), <span class=\"_ _9\"> </span>adottati <span class=\"_ _9\"> </span>dall\u2019Unione<span class=\"_ _41\"> </span> Europea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il R<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o Europeo n. 1606/2002 nonch\u00e9 ai sensi del D. Lgs n. 38 <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>28 f<span class=\"_ _1\"></span>ebbraio 2005<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> che ha discipli<span class=\"_ _1\"></span>nato l\u2019<span class=\"_ _6\"></span>appli<span class=\"_ _1\"></span>cazione degli IF<span class=\"_ _1\"></span>RS n<span class=\"_ _4\"></span>el<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ambito de<span class=\"_ _1\"></span>l corpo legislati<span class=\"_ _1\"></span>vo italiano<span class=\"_ _1\"></span>. <span class=\"ff3\"> </span>Pe<span class=\"_ _1\"></span>r I<span class=\"_ _1\"></span>FRS <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>endono <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>In<span class=\"_ _1\"></span>ternational <span class=\"_ _6\"></span>Financial <span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ep<span class=\"_ _4\"></span>orting <span class=\"_ _6\"></span>Standar<span class=\"_ _1\"></span>ds, <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>Int<span class=\"_ _1\"></span>ernational <span class=\"_ _1\"></span>Accou<span class=\"_ _1\"></span>nting<span class=\"_ _41\"> </span> Standar<span class=\"_ _1\"></span>ds <span class=\"_ _4\"></span>(IAS), <span class=\"_ _4\"></span>tutte <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>interpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019Internatio<span class=\"_ _1\"></span>nal <span class=\"_ _4\"></span>Financial <span class=\"_ _4\"></span>R<span class=\"_ _1\"></span>eporting <span class=\"_ _4\"></span>Interpr<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>tions <span class=\"_ _4\"></span>Committee<span class=\"_ _41\"> </span> (IFRIC), <span class=\"_ _10\"> </span>pre<span class=\"_ _1\"></span>cedentemen<span class=\"_ _1\"></span>te <span class=\"_ _10\"> </span>denominat<span class=\"_ _1\"></span>e  Sta<span class=\"_ _1\"></span>nding  Int<span class=\"_ _1\"></span>erpr<span class=\"_ _1\"></span>etation<span class=\"_ _1\"></span>s  Committ<span class=\"_ _1\"></span>ee  (SIC)<span class=\"_ _1\"></span>  adotta<span class=\"_ _1\"></span>ti  dall\u2019Unio<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span> Europea<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e <span class=\"_ _b\"> </span>conten<span class=\"_ _1\"></span>uti <span class=\"_ _9\"> </span>nei <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _9\"> </span>R<span class=\"_ _1\"></span>egolamenti <span class=\"_ _b\"></span>Euro<span class=\"_ _1\"></span>pei <span class=\"_ _9\"> </span>pubblic<span class=\"_ _1\"></span>ati <span class=\"_ _b\"> </span>s<span class=\"_ _4\"></span>ino<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>23 <span class=\"_ _b\"></span>marzo <span class=\"_ _b\"></span>2026, <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>cui <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span> Consiglio di Am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione di ENA<span class=\"_ _1\"></span>V S.p.A. ha appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>to il Bilancio Consoli<span class=\"_ _1\"></span>dato.",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "2.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Forma e con<span class=\"_ _1\"></span>tenuto del Bi<span class=\"_ _1\"></span>lancio Consolidato </span>Il <span class=\"_ _a\"></span>Bilancio <span class=\"_ _b\"></span>consolida<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _a\"></span>dicembre <span class=\"_ _a\"></span>2025 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _a\"></span>S.<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>.A.<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _b\"></span>sue <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>(di <span class=\"_ _b\"></span>seguito <span class=\"_ _a\"></span>anche <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span>\u201cGr<span class=\"_ _1\"></span>uppo\u201d)  \u00e8  sta<span class=\"_ _1\"></span>to  re<span class=\"_ _1\"></span>datto<span class=\"_ _1\"></span>  in <span class=\"_ _7\"> </span>con<span class=\"_ _1\"></span>formit<span class=\"_ _1\"></span>\u00e0  ai  principi<span class=\"_ _1\"></span>  cont<span class=\"_ _1\"></span>abili  inte<span class=\"_ _1\"></span>rnazionali  Int<span class=\"_ _1\"></span>ernational  Acc<span class=\"_ _1\"></span>ounting<span class=\"_ _41\"> </span>Standar<span class=\"_ _1\"></span>ds <span class=\"_ _17\"> </span>(IAS) <span class=\"_ _17\"> </span>ed <span class=\"_ _2b\"> </span>In<span class=\"_ _1\"></span>terna<span class=\"_ _1\"></span>tional <span class=\"_ _2b\"> </span>Financi<span class=\"_ _1\"></span>al <span class=\"_ _2b\"> </span>R<span class=\"_ _1\"></span>eporti<span class=\"_ _1\"></span>ng <span class=\"_ _17\"> </span>S<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>andard<span class=\"_ _1\"></span>s <span class=\"_ _2b\"> </span>(IFR<span class=\"_ _1\"></span>S) <span class=\"_ _17\"> </span>emanati <span class=\"_ _17\"> </span>dall\u2019Int<span class=\"_ _1\"></span>ernational<span class=\"_ _41\"> </span>Accounti<span class=\"_ _1\"></span>ng <span class=\"_ _10\"> </span>Standar<span class=\"_ _1\"></span>ds <span class=\"_ _10\"> </span>Boar<span class=\"_ _1\"></span>d  (<span class=\"_ _1\"></span>IASB)  e<span class=\"_ _1\"></span>d  all<span class=\"_ _1\"></span>e  r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>e  in<span class=\"_ _1\"></span>terpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _9\"> </span>(IFRIC <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>SIC), <span class=\"_ _9\"> </span>adottati <span class=\"_ _9\"> </span>dall\u2019Unione<span class=\"_ _41\"> </span>Europea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il R<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o Europeo n. 1606/2002 nonch\u00e9 ai sensi del D. Lgs n. 38 <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>28 f<span class=\"_ _1\"></span>ebbraio 2005<span class=\"_ _41\"> </span>che ha discipli<span class=\"_ _1\"></span>nato l\u2019<span class=\"_ _6\"></span>appli<span class=\"_ _1\"></span>cazione degli IF<span class=\"_ _1\"></span>RS n<span class=\"_ _4\"></span>el<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ambito de<span class=\"_ _1\"></span>l corpo legislati<span class=\"_ _1\"></span>vo italiano<span class=\"_ _1\"></span>. Pe<span class=\"_ _1\"></span>r I<span class=\"_ _1\"></span>FRS <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>endono <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>In<span class=\"_ _1\"></span>ternational <span class=\"_ _6\"></span>Financial <span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>ep<span class=\"_ _4\"></span>orting <span class=\"_ _6\"></span>Standar<span class=\"_ _1\"></span>ds, <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>Int<span class=\"_ _1\"></span>ernational <span class=\"_ _1\"></span>Accou<span class=\"_ _1\"></span>nting<span class=\"_ _41\"> </span>Standar<span class=\"_ _1\"></span>ds <span class=\"_ _4\"></span>(IAS), <span class=\"_ _4\"></span>tutte <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>interpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019Internatio<span class=\"_ _1\"></span>nal <span class=\"_ _4\"></span>Financial <span class=\"_ _4\"></span>R<span class=\"_ _1\"></span>eporting <span class=\"_ _4\"></span>Interpr<span class=\"_ _1\"></span>eta<span class=\"_ _1\"></span>tions <span class=\"_ _4\"></span>Committee<span class=\"_ _41\"> </span>(IFRIC), <span class=\"_ _10\"> </span>pre<span class=\"_ _1\"></span>cedentemen<span class=\"_ _1\"></span>te <span class=\"_ _10\"> </span>denominat<span class=\"_ _1\"></span>e  Sta<span class=\"_ _1\"></span>nding  Int<span class=\"_ _1\"></span>erpr<span class=\"_ _1\"></span>etation<span class=\"_ _1\"></span>s  Committ<span class=\"_ _1\"></span>ee  (SIC)<span class=\"_ _1\"></span>  adotta<span class=\"_ _1\"></span>ti  dall\u2019Unio<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>Europea<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e <span class=\"_ _b\"> </span>conten<span class=\"_ _1\"></span>uti <span class=\"_ _9\"> </span>nei <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _9\"> </span>R<span class=\"_ _1\"></span>egolamenti <span class=\"_ _b\"></span>Euro<span class=\"_ _1\"></span>pei <span class=\"_ _9\"> </span>pubblic<span class=\"_ _1\"></span>ati <span class=\"_ _b\"> </span>s<span class=\"_ _4\"></span>ino<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>23 <span class=\"_ _b\"></span>marzo <span class=\"_ _b\"></span>2026, <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>cui <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span>Consiglio di Am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione di ENA<span class=\"_ _1\"></span>V S.p.A. ha appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>to il Bilancio Consoli<span class=\"_ _1\"></span>dato.   I <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>ntabili <span class=\"_ _5\"></span>nel <span class=\"_ _a\"></span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>descritti <span class=\"_ _a\"></span>riflettono <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>piena <span class=\"_ _a\"></span>oper<span class=\"_ _1\"></span>ativit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>, <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>preve<span class=\"_ _1\"></span>dibile<span class=\"_ _41\"> </span>futur<span class=\"_ _1\"></span>o e<span class=\"_ _1\"></span>ssendo <span class=\"_ _1\"></span>applica<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>presuppos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>tinuit\u00e0<span class=\"_ _1\"></span> azie<span class=\"_ _1\"></span>ndale <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ormi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quelli <span class=\"_ _1\"></span>applic<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>nella<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>dazione del Bilancio Consoli<span class=\"_ _1\"></span>dato del pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span> esercizio. Il <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>Consolidat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>reda<span class=\"_ _1\"></span>tto <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>pre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>rappr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>funzionale <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo<span class=\"_ _41\"> </span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>. T<span class=\"_ _1\"></span>utti gli importi inclu<span class=\"_ _1\"></span>si nelle tabe<span class=\"_ _1\"></span>lle delle seguenti note e nei<span class=\"_ _1\"></span> commenti alle s<span class=\"_ _1\"></span>tesse sono espressi<span class=\"_ _1\"></span> in<span class=\"_ _41\"> </span>migliaia di<span class=\"_ _1\"></span> euro<span class=\"_ _1\"></span>, salvo dove<span class=\"_ _1\"></span> diver<span class=\"_ _1\"></span>samente indic<span class=\"_ _1\"></span>ato. Di <span class=\"_ _b\"></span>seguito<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sono <span class=\"_ _a\"></span>riportati <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>chemi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>bilancio <span class=\"_ _b\"></span>utilizz<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>criteri <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>classificazione <span class=\"_ _a\"></span>adotta<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>dal<span class=\"_ _41\"> </span>Gruppo <span class=\"_ _4\"></span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>, <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _2\"></span>ambito <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>opzioni <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dallo <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>Pr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>bilancio <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>a<span class=\"_ _41\"> </span>quant<span class=\"_ _1\"></span>o pre<span class=\"_ _1\"></span>vist<span class=\"_ _1\"></span>o dalla Deli<span class=\"_ _1\"></span>bera C<span class=\"_ _1\"></span>ONSOB n. 1<span class=\"_ _1\"></span>5519 del <span class=\"_ _1\"></span>27 luglio <span class=\"_ _1\"></span>2006 in <span class=\"_ _1\"></span>merito all\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>videnz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>ammont<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>delle <span class=\"_ _d\"> </span>pos<span class=\"_ _4\"></span>izi<span class=\"_ _1\"></span>oni <span class=\"_ _25\"> </span>o <span class=\"_ _25\"> </span>tra<span class=\"_ _1\"></span>nsazioni <span class=\"_ _25\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>parti <span class=\"_ _25\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>negli <span class=\"_ _25\"> </span>schemi <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>bilancio <span class=\"_ _25\"> </span>e, <span class=\"_ _25\"> </span>o<span class=\"_ _1\"></span>ve <span class=\"_ _25\"> </span>esis<span class=\"_ _1\"></span>tenti, <span class=\"_ _d\"> </span>alla<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>azione <span class=\"_ _7\"> </span>nel  prospett<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Cont<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>Economic<span class=\"_ _1\"></span>o  Cons<span class=\"_ _4\"></span>olida<span class=\"_ _1\"></span>to  dei <span class=\"_ _7\"> </span>prov<span class=\"_ _1\"></span>enti  e <span class=\"_ _7\"> </span>oneri <span class=\"_ _7\"> </span>derivan<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span> <span class=\"_ _7\"> </span>da<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>zioni <span class=\"_ _5\"></span>significa<span class=\"_ _1\"></span>tive <span class=\"_ _5\"></span>non <span class=\"_ _4\"></span>ricorren<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ovvero <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>tti <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ripetono <span class=\"_ _4\"></span>freque<span class=\"_ _1\"></span>ntemen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>consueto<span class=\"_ _41\"> </span>svolg<span class=\"_ _1\"></span>imento <span class=\"_ _b\"></span>dell\u2019<span class=\"_ _6\"></span>attivi<span class=\"_ _1\"></span>t\u00e0. <span class=\"_ _b\"> </span>Nel <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orso <span class=\"_ _b\"></span>dell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>2025 <span class=\"_ _9\"> </span>non <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _b\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>operazioni <span class=\"_ _b\"></span>atipiche <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>anti tali da <span class=\"_ _1\"></span>richiederne la separ<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a esposizione. Gli schemi di bila<span class=\"_ _1\"></span>ncio utilizz<span class=\"_ _1\"></span>ati sono i seguen<span class=\"_ _1\"></span>ti:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">prospett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>situazione <span class=\"_ _4\"></span>patri<span class=\"_ _1\"></span>moniale-finanziaria <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsolidata <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>edispost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>ndo <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span></span></span>le <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>secondo <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>criterio <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>ente, <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>specific<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>separa<span class=\"_ _1\"></span>zione, <span class=\"_ _4\"></span>qualora <span class=\"_ _4\"></span>presen<span class=\"_ _1\"></span>ti,<span class=\"_ _41\"> </span>delle <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _9\"> </span>cla<span class=\"_ _1\"></span>ssificat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>po<span class=\"_ _1\"></span>ssedute <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>delle <span class=\"_ _9\"> </span>pa<span class=\"_ _1\"></span>ssivit\u00e0 <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>ncluse <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>gruppo <span class=\"_ _9\"> </span>in<span class=\"_ _41\"> </span>dismissione <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>come <span class=\"_ _9\"> </span>posseduto <span class=\"_ _9\"> </span>per <span class=\"_ _10\"> </span>la <span class=\"_ _9\"> </span>vendit<span class=\"_ _1\"></span>a  o <span class=\"_ _9\"> </span>per <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>dis<span class=\"_ _1\"></span>tribuzione <span class=\"_ _9\"> </span>ai  soci.<span class=\"_ _1\"></span>  Le<span class=\"_ _1\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>includon<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>disponibilit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>liquide <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>mez<span class=\"_ _1\"></span>zi <span class=\"_ _4\"></span>equival<span class=\"_ _1\"></span>enti, <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>quell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>destinat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>essere<span class=\"_ _41\"> </span>re<span class=\"ls0\">alizza<span class=\"_ _1\"></span>te, <span class=\"_ _4\"></span>cedute <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsumat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>normale <span class=\"_ _4\"></span>ciclo <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>12 <span class=\"_ _4\"></span>mesi <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>alla<span class=\"_ _41\"> </span></span>chiusur<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio. <span class=\"_ _1\"></span>Le pa<span class=\"_ _1\"></span>ssivit\u00e0 <span class=\"_ _1\"></span>corren<span class=\"_ _1\"></span>ti so<span class=\"_ _1\"></span>no quelle<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>le qual<span class=\"_ _1\"></span>i \u00e8 <span class=\"_ _1\"></span>previ<span class=\"_ _1\"></span>sta <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>estinzione <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>normale<span class=\"_ _41\"> </span>ciclo oper<span class=\"_ _1\"></span>ativo del G<span class=\"_ _1\"></span>ruppo o nei 12 mesi succe<span class=\"_ _1\"></span>ssiv<span class=\"_ _4\"></span>i al<span class=\"_ _1\"></span>la chiusura de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">prospett<span class=\"_ _1\"></span>o di Conto <span class=\"_ _1\"></span>Econom<span class=\"_ _1\"></span>ico Consolidat<span class=\"_ _1\"></span>o predispos<span class=\"_ _1\"></span>to cla<span class=\"_ _1\"></span>ssificando i cos<span class=\"_ _1\"></span>ti opera<span class=\"_ _1\"></span>tivi per natur<span class=\"_ _1\"></span>a;<span class=\"_ _41\"> </span></span></span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">prospett<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>lle altr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>componenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Conto <span class=\"_ _1\"></span>Eco<span class=\"_ _1\"></span>nomico <span class=\"_ _1\"></span>Complessivo<span class=\"_ _1\"></span> Consoli<span class=\"_ _1\"></span>dato <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>compren<span class=\"_ _1\"></span>de, oltr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>al <span class=\"_ _5\"></span>risultat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>risultant<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _5\"></span>consolidato<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _4\"></span>variazioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>voci <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span>patrimonio netto consolida<span class=\"_ _1\"></span>to distint<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>componen<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span> che <span class=\"_ _4\"></span>sar<span class=\"_ _1\"></span>anno successivamen<span class=\"_ _1\"></span>te riclassifica<span class=\"_ _1\"></span>te a<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span> da quelle che in<span class=\"_ _1\"></span>vece non lo sar<span class=\"_ _1\"></span>anno; \u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">prospett<span class=\"_ _1\"></span>o delle v<span class=\"_ _1\"></span>ariazioni del P<span class=\"_ _1\"></span>atrimonio Nett<span class=\"_ _1\"></span>o Consolidat<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span></span></span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">Rendic<span class=\"_ _1\"></span>onto <span class=\"_ _a\"></span>Finanzia<span class=\"_ _1\"></span>rio <span class=\"_ _a\"></span>Consolidat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>predispos<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>espone<span class=\"_ _1\"></span>ndo <span class=\"_ _b\"></span>i <span class=\"_ _a\"></span>flussi <span class=\"_ _5\"></span>finanziari <span class=\"_ _a\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _a\"></span>dalle <span class=\"_ _a\"></span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></span></span>opera<span class=\"_ _1\"></span>tive s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>condo <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>metod<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>indirett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e mediant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la presen<span class=\"_ _1\"></span>tazione <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>flussi finanziari netti <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>ati<span class=\"_ _41\"> </span>dall\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 di eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, d<span class=\"_ _4\"></span>i in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento e di fina<span class=\"_ _1\"></span>nziamento. Il Gruppo <span class=\"_ _4\"></span>ha applicat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>la nuova definizi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>di rilevanz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>trodotta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>con le <span class=\"_ _4\"></span>m<span class=\"_ _1\"></span>odifiche allo <span class=\"_ _4\"></span>IAS 1 <span class=\"_ _4\"></span>e allo <span class=\"_ _4\"></span>IAS 8<span class=\"_ _41\"> </span>in cui si aff<span class=\"_ _1\"></span>erma che <span class=\"_ _1\"></span>un\u2019inf<span class=\"_ _1\"></span>ormazione \u00e8 rilev<span class=\"_ _1\"></span>ante <span class=\"_ _1\"></span>se \u00e8 ra<span class=\"_ _1\"></span>gionevole pre<span class=\"_ _1\"></span>sumere che la<span class=\"_ _1\"></span> sua omissione, err<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span>indicazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>od <span class=\"_ _b\"></span>occult<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>potr<span class=\"_ _1\"></span>ebbe <span class=\"_ _b\"></span>influenzar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>le <span class=\"_ _9\"> </span>decisi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>gli<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ori <span class=\"_ _9\"> </span>p<span class=\"_ _1\"></span>rincipali <span class=\"_ _9\"> </span>de<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>bil<span class=\"_ _1\"></span>anci<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>datti <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>opi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>car<span class=\"_ _1\"></span>atte<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>gener<span class=\"_ _1\"></span>ale <span class=\"_ _b\"></span>prendono <span class=\"_ _a\"></span>sulla <span class=\"_ _b\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>tali <span class=\"_ _a\"></span>bilanci, <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>orniscono <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _5\"></span>circa<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>specifica <span class=\"_ _a\"></span>entit\u00e0 <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>redige <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>bilancio. <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>rilevanz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dipende <span class=\"_ _a\"></span>dalla <span class=\"_ _a\"></span>natur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>dall\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _41\"> </span>dell\u2019inf<span class=\"_ _1\"></span>ormazione, <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>entr<span class=\"_ _1\"></span>ambe. <span class=\"_ _5\"></span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>valuta <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>l\u2019informazi<span class=\"_ _1\"></span>one, <span class=\"_ _5\"></span>singolarmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>combinazione<span class=\"_ _41\"> </span>con altr<span class=\"_ _1\"></span>e inf<span class=\"_ _1\"></span>ormazioni, \u00e8 rilev<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>e nel cont<span class=\"_ _1\"></span>esto del<span class=\"_ _1\"></span> bilancio, c<span class=\"_ _1\"></span>onsidera<span class=\"_ _1\"></span>to nel suo in<span class=\"_ _1\"></span>sieme.<span class=\"_ _41\"> </span>Il <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>Consolidato <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>edisposto <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"> </span>base <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>criterio <span class=\"_ _b\"></span>con<span class=\"_ _1\"></span>venzionale <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>osto <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>orico <span class=\"_ _b\"></span>con<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eccezione dell<span class=\"_ _1\"></span>e voci di bilancio in cui \u00e8<span class=\"_ _1\"></span> obbliga<span class=\"_ _1\"></span>toria l\u2019<span class=\"_ _6\"></span>appli<span class=\"_ _1\"></span>cazione del crit<span class=\"_ _1\"></span>erio del f<span class=\"_ _1\"></span>air value. Ciascuna <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>oce <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ospetti <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>consolidati <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pos<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>affron<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>corrispo<span class=\"_ _1\"></span>ndente <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente eser<span class=\"_ _1\"></span>cizio. La <span class=\"_ _9\"> </span>Direttiva<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>2004/109/CE<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>(la <span class=\"_ _9\"> </span>Dire<span class=\"_ _1\"></span>ttiva <span class=\"_ _9\"> </span>T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>anspare<span class=\"_ _1\"></span>ncy) <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>Regolamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>Delega<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>UE <span class=\"_ _10\"> </span>2019/815 <span class=\"_ _9\"> </span>hanno<span class=\"_ _41\"> </span>intr<span class=\"_ _1\"></span>odotto <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>obbligo <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>mittenti <span class=\"_ _6\"></span>valori <span class=\"_ _6\"></span>mobiliari <span class=\"_ _6\"></span>quota<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>nei <span class=\"_ _6\"></span>merca<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>regol<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>ati <span class=\"_ _6\"></span>dell\u2019Unione <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>opea<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>digere <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>Relazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>An<span class=\"_ _4\"></span>nuale <span class=\"_ _4\"></span>Inte<span class=\"_ _1\"></span>grat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>forma<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>elettr<span class=\"_ _1\"></span>onico <span class=\"_ _4\"></span>un<span class=\"_ _4\"></span>ic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>comunicazione <span class=\"_ _4\"></span>(Europea<span class=\"_ _1\"></span>n<span class=\"_ _41\"> </span>Single  Ele<span class=\"_ _1\"></span>ctronic  F<span class=\"_ _1\"></span>ormat), <span class=\"_ _10\"> </span>appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o  da  E<span class=\"_ _1\"></span>SMA.  Pe<span class=\"_ _1\"></span>rtan<span class=\"_ _1\"></span>to, <span class=\"_ _10\"> </span>\u00e8  s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o  previ<span class=\"_ _1\"></span>sto  che<span class=\"_ _1\"></span>  la  R<span class=\"_ _1\"></span>elazione  Annuale<span class=\"_ _41\"> </span>Int<span class=\"_ _1\"></span>egra<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>predispos<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ormato <span class=\"_ _1\"></span>XHTML<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span>, per <span class=\"_ _6\"></span>gli e<span class=\"_ _1\"></span>sercizi <span class=\"_ _1\"></span>avvi<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>correr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>1\u00b0 g<span class=\"_ _1\"></span>ennaio <span class=\"_ _1\"></span>2022,<span class=\"_ _41\"> </span>sia <span class=\"_ _1\"></span>predispos<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>mar<span class=\"_ _1\"></span>catur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Note <span class=\"_ _1\"></span>illustr<span class=\"_ _1\"></span>ative<span class=\"_ _1\"></span> al <span class=\"_ _1\"></span>bilancio <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>onsolidato<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>oltre <span class=\"_ _1\"></span>quella <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>elativi <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ospetti<span class=\"_ _41\"> </span>di bilancio<span class=\"_ _1\"></span>, utilizz<span class=\"_ _1\"></span>ando la tas<span class=\"_ _1\"></span>sonomia ESMA-IFR<span class=\"_ _1\"></span>S e il linguaggio inf<span class=\"_ _1\"></span>ormatic<span class=\"_ _1\"></span>o integr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o iXBRL.<span class=\"_ _41\"> </span>In conf<span class=\"_ _1\"></span>ormit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali disposizi<span class=\"_ _1\"></span>oni, <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>R<span class=\"_ _1\"></span>elazione Annuale Int<span class=\"_ _1\"></span>egra<span class=\"_ _1\"></span>ta \u00e8 sta<span class=\"_ _1\"></span>ta pubblic<span class=\"_ _1\"></span>ata nel<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormato<span class=\"_ _1\"></span> elettronic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>unico di c<span class=\"_ _1\"></span>omunicazi<span class=\"_ _1\"></span>one oltre al f<span class=\"_ _1\"></span>ormat<span class=\"_ _1\"></span>o usuale di cort<span class=\"_ _1\"></span>esia.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "3.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Principi e ar<span class=\"_ _1\"></span>ea di consolidament<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span>Societ\u00e0<span class=\"_ _1\"></span> controllat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>Bilancio <span class=\"_ _4\"></span>Consolida<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>include, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>quali <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tessa <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cita <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trollo<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>o indirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttrav<span class=\"_ _1\"></span>erso le <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oprie contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>a partire dalla data in <span class=\"_ _4\"></span>cui lo stesso viene<span class=\"_ _41\"> </span>acquisito e si<span class=\"_ _1\"></span>no alla dat<span class=\"_ _1\"></span>a in cui tale c<span class=\"_ _1\"></span>ontrollo ces<span class=\"_ _1\"></span>sa, in acc<span class=\"_ _1\"></span>ordo con il <span class=\"_ _1\"></span>principio IFRS 10<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Il contr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>si ottiene <span class=\"_ _4\"></span>quand<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il Gruppo <span class=\"_ _4\"></span>\u00e8 espost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o ha <span class=\"_ _4\"></span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a rendimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>riabili, derivanti dal proprio<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 ogge<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>di in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to e<span class=\"_ _1\"></span>, nel <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>empo, <span class=\"_ _1\"></span>ha la <span class=\"_ _1\"></span>capacit<span class=\"_ _1\"></span>\u00e0 di <span class=\"_ _1\"></span>incidere<span class=\"_ _1\"></span> su t<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>rendimenti<span class=\"_ _41\"> </span>eser<span class=\"_ _1\"></span>citando il pr<span class=\"_ _1\"></span>oprio poter<span class=\"_ _1\"></span>e su tale enti<span class=\"_ _1\"></span>t\u00e0.<span class=\"_ _41\"> </span>Specifica<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te, il Gruppo<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>olla una parteci<span class=\"_ _1\"></span>pata se, e solo<span class=\"_ _1\"></span> se, il Gruppo ha:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _6\"></span>potere <span class=\"_ _6\"></span>sull\u2019<span class=\"_ _6\"></span>entit\u00e0 <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>(ovver<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>detiene <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alidi <span class=\"_ _1\"></span>diritti <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>gli <span class=\"_ _6\"></span>conf<span class=\"_ _1\"></span>eriscono <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>capacit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>attuale<span class=\"_ _1\"></span> di diriger<span class=\"_ _1\"></span>e le attivit<span class=\"_ _1\"></span>\u00e0 r<span class=\"_ _4\"></span>il<span class=\"_ _1\"></span>evanti del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>entit\u00e0 ogge<span class=\"_ _1\"></span>tto di in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to);<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>o i <span class=\"_ _6\"></span>diritti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndimenti <span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>riabili <span class=\"_ _1\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>rapporto<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>inves<span class=\"_ _1\"></span>timent<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">la <span class=\"_ _25\"> </span>capacit\u00e0 <span class=\"_ _25\"> </span>di <span class=\"_ _17\"> </span>esercit<span class=\"_ _1\"></span>are <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>proprio <span class=\"_ _25\"> </span>potere <span class=\"_ _25\"> </span>sull\u2019<span class=\"_ _6\"></span>entit\u00e0 <span class=\"_ _25\"> </span>oggetto <span class=\"_ _25\"> </span>di <span class=\"_ _2b\"> </span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _25\"> </span>per <span class=\"_ _17\"> </span>incidere<span class=\"_ _41\"> </span></span></span>sull\u2019<span class=\"_ _6\"></span>ammon<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> dei suoi rendimen<span class=\"_ _1\"></span>ti. Gener<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>vi \u00e8 la presunzi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>che la maggiora<span class=\"_ _1\"></span>nza dei diritti di voto compo<span class=\"_ _1\"></span>rti <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>l controll<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>A support<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di tale presunzione,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>quando il Gruppo <span class=\"_ _4\"></span>detie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>meno<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>maggior<span class=\"_ _1\"></span>anza dei <span class=\"_ _4\"></span>diri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>di voto o diritti <span class=\"_ _4\"></span>si<span class=\"_ _1\"></span>mili, <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>Gruppo  consider<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>tutti  i <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>atti  e <span class=\"_ _7\"> </span>le <span class=\"_ _7\"> </span>circos<span class=\"_ _1\"></span>tanz<span class=\"_ _1\"></span>e  rilevan<span class=\"_ _1\"></span>ti <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>st<span class=\"_ _1\"></span>abilir<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>se  contro<span class=\"_ _1\"></span>lla <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>oggetto<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>di<span class=\"_ _41\"> </span>in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o, inclu<span class=\"_ _1\"></span>si: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">accor<span class=\"_ _1\"></span>di contr<span class=\"_ _1\"></span>attuali c<span class=\"_ _1\"></span>on altri titola<span class=\"_ _1\"></span>ri di diritti di vot<span class=\"_ _1\"></span>o; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti deriv<span class=\"_ _1\"></span>anti da acc<span class=\"_ _1\"></span>ordi c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>ttuali; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti di vot<span class=\"_ _1\"></span>o del Gruppo; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti di vot<span class=\"_ _1\"></span>o potenzial<span class=\"_ _1\"></span>i del Gruppo;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">una combina<span class=\"_ _1\"></span>zione dei pre<span class=\"_ _1\"></span>cedenti f<span class=\"_ _1\"></span>atti e cir<span class=\"_ _1\"></span>cost<span class=\"_ _1\"></span>anze.<span class=\"_ _41\"> </span></span></span>Il Gruppo riconsider<span class=\"_ _1\"></span>a se ha o meno il contr<span class=\"_ _1\"></span>ollo di una parteci<span class=\"_ _1\"></span>pata e se i fa<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>e le cir<span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanz<span class=\"_ _1\"></span>e indicano che<span class=\"_ _41\"> </span>potre<span class=\"_ _1\"></span>bbero  esser<span class=\"_ _1\"></span>e  int<span class=\"_ _1\"></span>ervenuti  dei <span class=\"_ _10\"> </span>cambiamen<span class=\"_ _1\"></span>ti  in  u<span class=\"_ _1\"></span>no  o  pi\u00f9  dei  tr<span class=\"_ _1\"></span>e  ele<span class=\"_ _1\"></span>menti  rilevan<span class=\"_ _1\"></span>ti  ai  fini  de<span class=\"_ _1\"></span>lla<span class=\"_ _41\"> </span>definizione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trollo. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nsolidamento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>inizia <span class=\"_ _1\"></span>quando <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>ottiene <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollo<span class=\"_ _41\"> </span>e <span class=\"_ _a\"></span>cessa <span class=\"_ _a\"></span>qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>perde <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo. <span class=\"_ _b\"></span>Le <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>passivit\u00e0, <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>ricavi <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>della <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>acquisita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>ce<span class=\"_ _1\"></span>duta nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso dell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>inclusi nel bilancio consolidato <span class=\"_ _4\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>il Gruppo<span class=\"_ _41\"> </span>ottiene il con<span class=\"_ _1\"></span>trollo fino<span class=\"_ _1\"></span> alla dat<span class=\"_ _1\"></span>a in cui il Gruppo non e<span class=\"_ _1\"></span>sercit<span class=\"_ _1\"></span>a pi\u00f9 il contr<span class=\"_ _1\"></span>ollo sulla s<span class=\"_ _1\"></span>ociet\u00e0.<span class=\"_ _41\"> </span>Se <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>perde <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trollo <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>una <span class=\"_ _6\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>elimina <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>componen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>di  patrimonio  netto<span class=\"_ _1\"></span>,  mentr<span class=\"_ _1\"></span>e  l\u2019<span class=\"_ _6\"></span>eventuale  utile  o  perdita<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>\u00e8  rileva<span class=\"_ _1\"></span>ta  a  conto  economic<span class=\"_ _1\"></span>o.  L<span class=\"_ _4\"></span>a  quo<span class=\"_ _1\"></span>ta  di<span class=\"_ _41\"> </span>parteci<span class=\"_ _1\"></span>pazione eventual<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> mantenut<span class=\"_ _1\"></span>a \u00e8 rileva<span class=\"_ _1\"></span>ta al f<span class=\"_ _1\"></span>air val<span class=\"_ _1\"></span>ue.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>Bilanci <span class=\"_ _6\"></span>delle <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>reda<span class=\"_ _1\"></span>tti <span class=\"_ _1\"></span>facendo <span class=\"_ _6\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>2<span class=\"_ _4\"></span>5, <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>riferimen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>del Bil<span class=\"_ _1\"></span>ancio Consolidat<span class=\"_ _1\"></span>o, ap<span class=\"_ _1\"></span>positament<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>disposti ed <span class=\"_ _1\"></span>approv<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>dagli org<span class=\"_ _1\"></span>ani ammi<span class=\"_ _1\"></span>nistr<span class=\"_ _1\"></span>ativi de<span class=\"_ _1\"></span>lle singole<span class=\"_ _41\"> </span>entit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>opportunamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ttifica<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>ove <span class=\"_ _6\"></span>necessario, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>unif<span class=\"_ _1\"></span>ormarli <span class=\"_ _6\"></span>ai <span class=\"_ _1\"></span>principi <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ontabil<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>applica<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Gruppo<span class=\"_ _41\"> </span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>. Le socie<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>predett<span class=\"_ _1\"></span>a ar<span class=\"_ _1\"></span>ea di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>sono c<span class=\"_ _1\"></span>onsolidat<span class=\"_ _1\"></span>e secondo <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>metodo<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egrale<span class=\"_ _1\"></span>, in conf<span class=\"_ _1\"></span>ormit\u00e0 alle seguen<span class=\"_ _1\"></span>ti modalit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>e le pa<span class=\"_ _1\"></span>ssivit\u00e0, <span class=\"_ _1\"></span>gli oneri <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>prov<span class=\"_ _1\"></span>enti del<span class=\"_ _1\"></span>le entit<span class=\"_ _1\"></span>\u00e0 con<span class=\"_ _1\"></span>solidate<span class=\"_ _1\"></span> inte<span class=\"_ _1\"></span>gralmen<span class=\"_ _1\"></span>te sono<span class=\"_ _1\"></span> assunt<span class=\"_ _1\"></span>e linea<span class=\"_ _41\"> </span></span></span>per linea nel bil<span class=\"_ _1\"></span>ancio consoli<span class=\"_ _1\"></span>dato; \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>ontabile<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>delle <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>artecipazioni <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>eliminat<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>a <span class=\"_ _c\"> </span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>corri<span class=\"_ _1\"></span>spondent<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>fr<span class=\"_ _1\"></span>azione <span class=\"_ _12\"> </span>del<span class=\"_ _41\"> </span></span></span>patrimonio netto <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>impr<span class=\"_ _1\"></span>ese <span class=\"_ _4\"></span>parteci<span class=\"_ _1\"></span>pate attribuendo <span class=\"_ _4\"></span>ai singoli <span class=\"_ _4\"></span>ele<span class=\"_ _1\"></span>menti <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _2\"></span>attivo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>del passivo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>loro v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> corren<span class=\"_ _1\"></span>te alla da<span class=\"_ _1\"></span>ta di acquisizione <span class=\"_ _1\"></span>del control<span class=\"_ _1\"></span>lo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _4\"></span>utili <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>anc<span class=\"_ _1\"></span>ora <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>societ\u00e0<span class=\"_ _41\"> </span></span></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>elimina<span class=\"_ _1\"></span>ti, <span class=\"_ _a\"></span>cos\u00ec<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporti <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>ciproci <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>debit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>rica<span class=\"_ _1\"></span>vo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le r<span class=\"_ _1\"></span>ettifiche di consolidame<span class=\"_ _1\"></span>nto t<span class=\"_ _1\"></span>engono cont<span class=\"_ _1\"></span>o del lor<span class=\"_ _1\"></span>o eff<span class=\"_ _1\"></span>etto fiscale<span class=\"_ _1\"></span> diffe<span class=\"_ _1\"></span>rito.<span class=\"_ _41\"> </span></span></span>T<span class=\"_ _6\"></span>rad<span class=\"_ _4\"></span>uzi<span class=\"_ _1\"></span>one dei bilanci di s<span class=\"_ _1\"></span>ociet\u00e0 es<span class=\"_ _1\"></span>tere I <span class=\"_ _1\"></span>bilanci <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>ontro<span class=\"_ _1\"></span>llate<span class=\"_ _1\"></span> sono <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>datti u<span class=\"_ _1\"></span>tilizz<span class=\"_ _1\"></span>ando la <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>ambie<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>primario <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>ui<span class=\"_ _41\"> </span>esse opera<span class=\"_ _1\"></span>no. <span class=\"_ _4\"></span>Ai fini del Bilancio Consoli<span class=\"_ _1\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>bilanci<span class=\"_ _1\"></span>o di <span class=\"_ _4\"></span>ciasc<span class=\"_ _1\"></span>una societ\u00e0 est<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>\u00e8 tr<span class=\"_ _1\"></span>adotto in euro<span class=\"_ _1\"></span>, che<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>a la valut<span class=\"_ _1\"></span>a funzional<span class=\"_ _1\"></span>e del Gruppo, sec<span class=\"_ _1\"></span>ondo le seguen<span class=\"_ _1\"></span>ti regole:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>vertite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambio <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ssere alla <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>del bilancio;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i c<span class=\"_ _1\"></span>osti ed i<span class=\"_ _1\"></span> ricav<span class=\"_ _1\"></span>i sono con<span class=\"_ _1\"></span>vertiti al<span class=\"_ _1\"></span> cambio <span class=\"_ _1\"></span>medio dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, il cui <span class=\"_ _1\"></span>risultat<span class=\"_ _1\"></span>o \u00e8 ritenut<span class=\"_ _1\"></span>o una affida<span class=\"_ _1\"></span>bile<span class=\"_ _41\"> </span></span></span>appro<span class=\"_ _1\"></span>ssimazione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>quello <span class=\"_ _4\"></span>che <span class=\"_ _a\"></span>risulter<span class=\"_ _1\"></span>ebbe <span class=\"_ _5\"></span>dall\u2019<span class=\"_ _6\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>cambi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>vige<span class=\"_ _1\"></span>nti <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>ciascuna<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>nsazione;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">la <span class=\"_ _1\"></span>riserva <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>conv<span class=\"_ _1\"></span>ersione, <span class=\"_ _1\"></span>incl<span class=\"_ _1\"></span>usa tr<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>del P<span class=\"_ _1\"></span>atrimo<span class=\"_ _1\"></span>nio Nett<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>solidato<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>accoglie<span class=\"_ _1\"></span> sia <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>ate dalla <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>nver<span class=\"_ _1\"></span>sione delle <span class=\"_ _4\"></span>gra<span class=\"_ _1\"></span>ndezze<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>economiche a <span class=\"_ _4\"></span>un tasso <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>sia <span class=\"_ _a\"></span>quelle <span class=\"_ _a\"></span>gener<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>dalla <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>aduzione <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>patrimoni <span class=\"_ _a\"></span>netti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>apertura <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cambio<span class=\"_ _41\"> </span>diff<span class=\"_ _1\"></span>eren<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>da <span class=\"_ _10\"> </span>quello <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>chiusura<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>periodo <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione.  T<span class=\"_ _2\"></span>ale <span class=\"_ _10\"> </span>riserva <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>riversa<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span>Con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>Ec<span class=\"_ _1\"></span>onomico al momen<span class=\"_ _1\"></span>to della ce<span class=\"_ _1\"></span>ssione della rel<span class=\"_ _1\"></span>ativa part<span class=\"_ _1\"></span>ecipazione.<span class=\"_ _41\"> </span>I tassi di ca<span class=\"_ _1\"></span>mbio adottati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>raduzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei bil<span class=\"_ _1\"></span>anci delle societ\u00e0 co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>fu<span class=\"_ _1\"></span>nzionale diver<span class=\"_ _1\"></span>sa dall\u2019<span class=\"_ _6\"></span>euro<span class=\"_ _41\"> </span>sono riport<span class=\"_ _1\"></span>ati nella segue<span class=\"_ _1\"></span>nte ta<span class=\"_ _1\"></span>bella:<table class=\"s w325 h714\" id=\"_3c919ac8-90e2-4b44-8f32-b68e4d3aac1d\"><tr><td></td><td class=\"c x22d y1505 w1a0 h2c\"><div class=\"t m0 x3b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x22e y1505 w1a1 h2c\"><div class=\"t m0 xc h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x22d y1506 w19e h3df\"><div class=\"t m0 x8e h2 y952 ffb fs6 fc0 sc0 ls0 ws0\">Media dei 12 mesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22f y1508 w326 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Puntuale al 31</div></td><td class=\"c x22e y1506 w19f h3df\"><div class=\"t m0 x6f h2 y952 ffb fs6 fc0 sc0 ls56 ws0\">   <span class=\"ls0\">Media dei 12 mesi</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td><td class=\"c x230 y1508 w327 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Puntuale al 31<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x231 y1509 w328 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x232 y1509 w328 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y150a w19d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ringgit malesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22d y150a w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,8324<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x234 y150a w121 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,7682<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22e y150a w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,9506<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x235 y150a w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,6454<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y150b w19d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dollari st<span class=\"_ _1\"></span>atunitensi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22d y150b w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,1293<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x234 y150b w121 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,1750<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22e y150b w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,0821<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x235 y150b w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,0389<span class=\"ff1 fs0\"> </span></div></td></tr></table>Conver<span class=\"_ _1\"></span>sione delle post<span class=\"_ _1\"></span>e in valut<span class=\"_ _1\"></span>a Nel <span class=\"_ _5\"></span>bilancio <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>ansazioni <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>diver<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>dalla <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>luta <span class=\"_ _5\"></span>funzionale <span class=\"_ _a\"></span>sono <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>cambio in e<span class=\"_ _1\"></span>ssere alla<span class=\"_ _1\"></span> data de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>operazione. A fine e<span class=\"_ _1\"></span>sercizi<span class=\"_ _1\"></span>o le attivit\u00e0<span class=\"_ _1\"></span> e pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 mo<span class=\"_ _1\"></span>netarie denomina<span class=\"_ _1\"></span>te in<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>uta <span class=\"_ _9\"> </span>dive<span class=\"_ _1\"></span>rsa <span class=\"_ _b\"></span>dall\u2019<span class=\"_ _6\"></span>euro <span class=\"_ _b\"></span>sono <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>te <span class=\"_ _b\"> </span>a<span class=\"_ _4\"></span>l <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>alla <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>periodo<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abile <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>riferimen<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>e <span class=\"_ _7\"> </span>le <span class=\"_ _12\"> </span>diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>cambio <span class=\"_ _7\"> </span>eventualmen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>emerge<span class=\"_ _1\"></span>nti <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>riflesse <span class=\"_ _12\"> </span>nel <span class=\"_ _7\"> </span>Conto<span class=\"_ _41\"> </span>Ec<span class=\"_ _1\"></span>onomico Consolida<span class=\"_ _1\"></span>to. Aggregazioni <span class=\"_ _1\"></span>aziendali<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>aggre<span class=\"_ _1\"></span>gazioni <span class=\"_ _5\"></span>aziendali <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>forz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>quali <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>acquisit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>accordo <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>enute <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _1\"></span>IFRS <span class=\"_ _a\"></span>3 <span class=\"_ _a\"></span>Aggreg<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>aziendal<span class=\"_ _1\"></span>i, <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>ondo <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>metodo<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>acquisizi<span class=\"_ _1\"></span>one <span class=\"_ _2b\"> </span>(acquisiti<span class=\"_ _1\"></span>on <span class=\"_ _2b\"> </span>meth<span class=\"_ _1\"></span>od). <span class=\"_ _2b\"> </span>Il <span class=\"_ _17\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _2b\"> </span>di <span class=\"_ _25\"> </span>acquisto<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>ovv<span class=\"_ _1\"></span>ero <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>corrispettivo <span class=\"_ _17\"> </span>tras<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>erito<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>\u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato dal v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> corre<span class=\"_ _1\"></span>nte (f<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue) alla dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di acquisi<span class=\"_ _1\"></span>zione delle a<span class=\"_ _1\"></span>ttivit\u00e0 cedute, del<span class=\"_ _1\"></span>le passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>o ass<span class=\"_ _1\"></span>unte, <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>ale emes<span class=\"_ _1\"></span>si dall\u2019<span class=\"_ _2\"></span>acquirent<span class=\"_ _1\"></span>e. Il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>acquis<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>nclude<span class=\"_ _41\"> </span>il <span class=\"_ _4\"></span>fair <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>corrispettivi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>potenziali. <span class=\"_ _4\"></span>I <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>dir<span class=\"_ _1\"></span>ettament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attribuibili<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>acquisizi<span class=\"_ _1\"></span>one sono rileva<span class=\"_ _1\"></span>ti a cont<span class=\"_ _1\"></span>o economic<span class=\"_ _1\"></span>o. Il <span class=\"_ _10\"> </span>cos<span class=\"_ _1\"></span>to  di <span class=\"_ _9\"> </span>acquisto <span class=\"_ _10\"> </span>\u00e8 <span class=\"_ _10\"> </span>alloca<span class=\"_ _1\"></span>to  rile<span class=\"_ _1\"></span>vando  l<span class=\"_ _1\"></span>e  attivi<span class=\"_ _1\"></span>t\u00e0,  l<span class=\"_ _1\"></span>e  passivit<span class=\"_ _1\"></span>\u00e0  e <span class=\"_ _9\"> </span>le  passivit<span class=\"_ _1\"></span>\u00e0  pot<span class=\"_ _1\"></span>enziali <span class=\"_ _10\"> </span>identific<span class=\"_ _1\"></span>abili<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>acquisit<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>ai <span class=\"_ _10\"> </span>rel<span class=\"_ _1\"></span>ativi <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _10\"> </span>val<span class=\"_ _1\"></span>ue <span class=\"_ _10\"> </span>alla <span class=\"_ _9\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>acquisizione, <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>l\u2019importo <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>qualsiasi <span class=\"_ _9\"> </span>partecipazione <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>minoranz<span class=\"_ _1\"></span>a, rispett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>degli importi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 identificabili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita st<span class=\"_ _1\"></span>essa<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>come <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ov<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ero<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>imputa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _5\"></span>Il<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore delle <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>teressenz<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>erzi <span class=\"_ _4\"></span>\u00e8 determina<span class=\"_ _1\"></span>to in <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oporzione alle quote <span class=\"_ _4\"></span>di partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>dete<span class=\"_ _1\"></span>nute dai<span class=\"_ _41\"> </span>terzi ne<span class=\"_ _1\"></span>lle attivit<span class=\"_ _1\"></span>\u00e0 nette iden<span class=\"_ _1\"></span>tificabili dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita, ovv<span class=\"_ _1\"></span>ero al lor<span class=\"_ _1\"></span>o fai<span class=\"_ _1\"></span>r value alla da<span class=\"_ _1\"></span>ta di acquisiz<span class=\"_ _1\"></span>ione.<span class=\"_ _41\"> </span>Qualor<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _6\"></span>aggre<span class=\"_ _1\"></span>gazione  aziendale  sia <span class=\"_ _7\"> </span>real<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta  in <span class=\"_ _7\"> </span>pi\u00f9 <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>asi, <span class=\"_ _7\"> </span>le  quote  partecipa<span class=\"_ _1\"></span>tive  preceden<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>detenut<span class=\"_ _1\"></span>e sarebbe<span class=\"_ _1\"></span>ro rimisur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e al f<span class=\"_ _1\"></span>air value e l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enza (positiv<span class=\"_ _1\"></span>a o neg<span class=\"_ _1\"></span>ativa)<span class=\"_ _1\"></span> imputat<span class=\"_ _1\"></span>a a conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eventuale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _6\"></span>potenzi<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alue <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione. <span class=\"_ _6\"></span>L<span class=\"_ _4\"></span>e <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ucces<span class=\"_ _1\"></span>sive<span class=\"_ _41\"> </span>del fair value del corrispettivo potenzia<span class=\"_ _1\"></span>le, <span class=\"_ _4\"></span>classific<span class=\"_ _1\"></span>ato come strument<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ario ai <span class=\"_ _4\"></span>sensi di <span class=\"_ _4\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _4\"></span>9, sono<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onto <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>spettivi <span class=\"_ _b\"></span>potenziali <span class=\"_ _a\"></span>classificati <span class=\"_ _b\"></span>come <span class=\"_ _b\"></span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apital<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>sono<span class=\"_ _41\"> </span>rimisur<span class=\"_ _1\"></span>ati e vengo<span class=\"_ _1\"></span>no cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ati dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e nel Pa<span class=\"_ _1\"></span>trimonio Netto<span class=\"_ _1\"></span>.   Nel <span class=\"_ _4\"></span>caso <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>attivit\u00e0, <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>potenzia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>possano <span class=\"_ _4\"></span>determinar<span class=\"_ _1\"></span>si<span class=\"_ _41\"> </span>solo <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ovvisoriament<span class=\"_ _1\"></span>e, <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>aggr<span class=\"_ _1\"></span>egazione <span class=\"_ _4\"></span>az<span class=\"_ _4\"></span>ie<span class=\"_ _1\"></span>ndale <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>ri<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _a\"></span>tali <span class=\"_ _5\"></span>valori<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>provvisori. <span class=\"_ _5\"></span>Le <span class=\"_ _a\"></span>eventua<span class=\"_ _1\"></span>li<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>ttifiche, <span class=\"_ _4\"></span>deriv<span class=\"_ _1\"></span>anti dal comple<span class=\"_ _1\"></span>tamento del proce<span class=\"_ _1\"></span>sso di valuta<span class=\"_ _1\"></span>zione, <span class=\"_ _4\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>en<span class=\"_ _1\"></span>tro 12 mesi a <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>rtire<span class=\"_ _41\"> </span>dalla da<span class=\"_ _1\"></span>ta di acquisizione, <span class=\"_ _1\"></span>rideterminando i da<span class=\"_ _1\"></span>ti compa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to emer<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>te dall\u2019<span class=\"_ _2\"></span>acquisizione di societ<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, rappr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span> l\u2019<span class=\"_ _6\"></span>eccedenz<span class=\"_ _1\"></span>a del <span class=\"_ _1\"></span>corrispettivo<span class=\"_ _41\"> </span>corrispos<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>to al fair<span class=\"_ _1\"></span> value alla dat<span class=\"_ _1\"></span>a di acquisizione, rispe<span class=\"_ _1\"></span>tto al valor<span class=\"_ _1\"></span>e netto delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>identific<span class=\"_ _1\"></span>abili nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita s<span class=\"_ _1\"></span>tessa va<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>e al f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alue. Dopo la <span class=\"_ _1\"></span>rilevazi<span class=\"_ _1\"></span>one iniziale, <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to non vi<span class=\"_ _1\"></span>ene<span class=\"_ _41\"> </span>assoggetta<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, ma <span class=\"_ _4\"></span>sottop<span class=\"_ _1\"></span>osto a <span class=\"_ _4\"></span>verifi<span class=\"_ _1\"></span>ca almeno <span class=\"_ _4\"></span>annuale di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecupera<span class=\"_ _1\"></span>bilit\u00e0. Al <span class=\"_ _4\"></span>fine della<span class=\"_ _41\"> </span>verific<span class=\"_ _1\"></span>a  de<span class=\"_ _1\"></span>lla <span class=\"_ _10\"> </span>riduzione <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _9\"> </span>(impairment), <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>acquisit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _9\"> </span>di  u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>aggreg<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>aziendale<span class=\"_ _1\"></span>  \u00e8 <span class=\"_ _9\"> </span>allocat<span class=\"_ _1\"></span>o, <span class=\"_ _10\"> </span>dalla <span class=\"_ _9\"> </span>data <span class=\"_ _9\"> </span>di  acquisizione<span class=\"_ _1\"></span>,  a <span class=\"_ _9\"> </span>ciascuna <span class=\"_ _10\"> </span>unit<span class=\"_ _1\"></span>\u00e0  g<span class=\"_ _1\"></span>enera<span class=\"_ _1\"></span>trice <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>flussi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>ca<span class=\"_ _1\"></span>ssa  (<span class=\"_ _1\"></span>cash<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>ating unit o CGU) del Gruppo in cui si prev<span class=\"_ _1\"></span>edono benefici derivan<span class=\"_ _1\"></span>ti dalle sinergi<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>aggreg<span class=\"_ _1\"></span>azione,<span class=\"_ _41\"> </span>a pre<span class=\"_ _1\"></span>scindere dal f<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o che altr<span class=\"_ _1\"></span>e attivit\u00e0<span class=\"_ _1\"></span> o pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 dell\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 acquisit<span class=\"_ _1\"></span>a siano assegnat<span class=\"_ _1\"></span>e a tali<span class=\"_ _1\"></span> unit\u00e0. Una <span class=\"_ _1\"></span>CGU r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta <span class=\"_ _1\"></span>il pi\u00f9 <span class=\"_ _1\"></span>piccolo <span class=\"_ _1\"></span>gruppo di <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e ge<span class=\"_ _1\"></span>nera <span class=\"_ _1\"></span>flussi finanzia<span class=\"_ _1\"></span>ri larg<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e indipe<span class=\"_ _1\"></span>ndenti.<span class=\"_ _41\"> </span>Nel pr<span class=\"_ _1\"></span>ocesso di individuazione<span class=\"_ _1\"></span> delle predett<span class=\"_ _1\"></span>e CGU<span class=\"_ _1\"></span>, il m<span class=\"_ _4\"></span>anag<span class=\"_ _1\"></span>ement ha te<span class=\"_ _1\"></span>nuto cont<span class=\"_ _1\"></span>o della natur<span class=\"_ _1\"></span>a specifica<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e<span class=\"_ _1\"></span> del busines<span class=\"_ _1\"></span>s cui <span class=\"_ _1\"></span>appartiene (ar<span class=\"_ _1\"></span>ee di<span class=\"_ _1\"></span> business, <span class=\"_ _1\"></span>normativ<span class=\"_ _1\"></span>a di rif<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, ecc.) <span class=\"_ _1\"></span>verificand<span class=\"_ _1\"></span>o che<span class=\"_ _41\"> </span>i  fluss<span class=\"_ _4\"></span>i  finanziari  in <span class=\"_ _7\"> </span>entr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _7\"> </span>da  un <span class=\"_ _7\"> </span>gruppo  di <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>fos<span class=\"_ _1\"></span>sero  strett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>indipenden<span class=\"_ _1\"></span>ti <span class=\"_ _7\"> </span>e<span class=\"_ _41\"> </span>ampiament<span class=\"_ _1\"></span>e aut<span class=\"_ _1\"></span>onomi da <span class=\"_ _1\"></span>quell<span class=\"_ _1\"></span>i deriv<span class=\"_ _1\"></span>anti da <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>(o gruppi <span class=\"_ _1\"></span>di a<span class=\"_ _1\"></span>ttivit\u00e0). <span class=\"_ _1\"></span>Inoltre, <span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>incluse i<span class=\"_ _1\"></span>n<span class=\"_ _41\"> </span>ogni <span class=\"_ _b\"></span>CGU <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>individuat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>anche <span class=\"_ _a\"></span>sulla <span class=\"_ _b\"></span>base <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>modalit\u00e0 <span class=\"_ _a\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>quali <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>managemen<span class=\"_ _1\"></span>t <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>monitor<span class=\"_ _1\"></span>a e le ges<span class=\"_ _1\"></span>tisce nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o del prop<span class=\"_ _1\"></span>rio modello di business.<span class=\"_ _41\"> </span>Se <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>un\u2019<span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>atrice <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>flussi <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ri <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>dismette <span class=\"_ _4\"></span>parte <span class=\"_ _a\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>unit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>associa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>all\u2019<span class=\"_ _2\"></span>attivit\u00e0 dismessa <span class=\"_ _4\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>incluso nel <span class=\"_ _4\"></span>valo<span class=\"_ _1\"></span>re contabil<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span>quando si det<span class=\"_ _1\"></span>ermina l\u2019utile<span class=\"_ _1\"></span> o <span class=\"_ _4\"></span>la perdit<span class=\"_ _1\"></span>a della dismissione<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>avvi<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sociato con l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 disme<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span> \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>va<span class=\"_ _1\"></span>lori <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>dismessa <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parte <span class=\"_ _6\"></span>mantenut<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>atrice<span class=\"_ _41\"> </span>di flussi finanzia<span class=\"_ _1\"></span>ri.<span class=\"_ _41\"> </span>Area<span class=\"_ _1\"></span> di consolidament<span class=\"_ _1\"></span>o L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>are<span class=\"_ _1\"></span>a di consolidament<span class=\"_ _1\"></span>o al 31 dicembr<span class=\"_ _1\"></span>e 2025 non ha subito v<span class=\"_ _1\"></span>ariazioni rispett<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio prece<span class=\"_ _1\"></span>dente. Le <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>area <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riport<span class=\"_ _1\"></span>ate <span class=\"_ _6\"></span>nella <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tabell<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>evidenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alori<span class=\"_ _41\"> </span>del capit<span class=\"_ _1\"></span>ale sociale al<span class=\"_ _1\"></span> 31<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>dicembre 2025 espr<span class=\"_ _1\"></span>essi in migl<span class=\"_ _1\"></span>iaia di euro e l<span class=\"_ _1\"></span>a percentua<span class=\"_ _1\"></span>le di partecipaz<span class=\"_ _1\"></span>ione:<table class=\"s w329 h716\" id=\"_06e66b12-c7f8-456a-9d85-04f737ca29e8\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x237 y150c w1aa h2c\"><div class=\"t m0 x2c hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">% di partecipazi<span class=\"_ _1\"></span>one<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x238 y150d w32a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Metodo di<span class=\"_ _41\"> </span></div></td><td class=\"c x239 y150d w32b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x23a y150e w1a2 h3e1\"><div class=\"t m0 x0 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Denominazione<span class=\"ff1\"> </span></div></td><td class=\"c x23b y150e w1a3 h3e1\"><div class=\"t m0 xa5 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Sede<span class=\"ff1\"> </span></div></td><td class=\"c x23c y150e w1a4 h3e1\"><div class=\"t m0 x6f hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0 svolta<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x23d y150e w1a5 h3e1\"><div class=\"t m0 x2e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>aluta<span class=\"ff1\"> </span></div></td><td class=\"c x23e y150f w32c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">consolidamen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td><td class=\"c x23f y150f w32d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">sociale</div></td><td class=\"c x237 y150e w1a8 h3e1\"><div class=\"t m0 x50 hbd y3b6 ff6 fs8 fc0 sc0 ls57 ws0\">      <span class=\"ls0\">dirett<span class=\"_ _1\"></span>a</span><span class=\"ls0\"><span class=\"ff1\"> </span></span></div></td><td class=\"c x240 y150e w1a9 h3e1\"><div class=\"t m0 x6f hbd y3b6 ff6 fs8 fc0 sc0 ls57 ws0\">   <span class=\"ls0\">di gruppo</span><span class=\"ls0\"><span class=\"ff1\"> </span></span></div></td></tr><tr><td class=\"c x23a y1510 w1a2 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>echno Sky S.r<span class=\"_ _6\"></span>.l.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1510 w1a3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1510 w1a4 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1510 w1a5 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1510 w1a6 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1510 w1a7 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x237 y1510 w1a8 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1510 w1a9 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1511 w1a2 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">D-Flight S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1511 w1a3 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1511 w1a4 h2c\"><div class=\"t m0 x7e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1511 w1a5 h2c\"><div class=\"t m0 x7d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1511 w1a6 h2c\"><div class=\"t m0 x48 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1511 w1a7 h2c\"><div class=\"t m0 xa5 h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">50<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1511 w1a8 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1511 w1a9 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1512 w1a2 h44\"><div class=\"t m0 x0 h30 y338 ffb fs6 fc0 sc0 ls0 ws0\">Enav Asia P<span class=\"_ _1\"></span>acific in </div><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">liquidazione volont<span class=\"_ _1\"></span>aria<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1512 w1a3 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Kuala Lumpur<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1512 w1a4 h44\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1512 w1a5 h44\"><div class=\"t m0 x2c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">ringgit malesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1512 w1a6 h44\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1512 w1a7 h44\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">127<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1512 w1a8 h44\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1512 w1a9 h44\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x243 y1514 w32e h717\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">dollari<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y1515 w1a2 h151\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Enav North A<span class=\"_ _1\"></span>tlantic<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1515 w1a3 h151\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Miami<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1515 w1a4 h151\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x244 y1516 w32f h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">st<span class=\"_ _1\"></span>atunitensi<span class=\"_ _41\"> </span></div></td><td class=\"c x241 y1515 w1a6 h151\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1515 w1a7 h151\"><div class=\"t m0 x68 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">44.974<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x237 y1515 w1a8 h151\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1515 w1a9 h151\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1517 w1a2 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IDS AirNav S.r<span class=\"_ _2\"></span>.l<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1517 w1a3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1517 w1a4 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1517 w1a5 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1517 w1a6 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1517 w1a7 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">500<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1517 w1a8 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1517 w1a9 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "3.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Principi e ar<span class=\"_ _1\"></span>ea di consolidament<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span>Societ\u00e0<span class=\"_ _1\"></span> controllat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>Bilancio <span class=\"_ _4\"></span>Consolida<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>include, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>quali <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tessa <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cita <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trollo<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>o indirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttrav<span class=\"_ _1\"></span>erso le <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oprie contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>a partire dalla data in <span class=\"_ _4\"></span>cui lo stesso viene<span class=\"_ _41\"> </span>acquisito e si<span class=\"_ _1\"></span>no alla dat<span class=\"_ _1\"></span>a in cui tale c<span class=\"_ _1\"></span>ontrollo ces<span class=\"_ _1\"></span>sa, in acc<span class=\"_ _1\"></span>ordo con il <span class=\"_ _1\"></span>principio IFRS 10<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Il contr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>si ottiene <span class=\"_ _4\"></span>quand<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il Gruppo <span class=\"_ _4\"></span>\u00e8 espost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o ha <span class=\"_ _4\"></span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a rendimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>riabili, derivanti dal proprio<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>n l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 ogge<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>di in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to e<span class=\"_ _1\"></span>, nel <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>empo, <span class=\"_ _1\"></span>ha la <span class=\"_ _1\"></span>capacit<span class=\"_ _1\"></span>\u00e0 di <span class=\"_ _1\"></span>incidere<span class=\"_ _1\"></span> su t<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>rendimenti<span class=\"_ _41\"> </span>eser<span class=\"_ _1\"></span>citando il pr<span class=\"_ _1\"></span>oprio poter<span class=\"_ _1\"></span>e su tale enti<span class=\"_ _1\"></span>t\u00e0.<span class=\"_ _41\"> </span>Specifica<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te, il Gruppo<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>olla una parteci<span class=\"_ _1\"></span>pata se, e solo<span class=\"_ _1\"></span> se, il Gruppo ha:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _6\"></span>potere <span class=\"_ _6\"></span>sull\u2019<span class=\"_ _6\"></span>entit\u00e0 <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>(ovver<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>detiene <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alidi <span class=\"_ _1\"></span>diritti <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>gli <span class=\"_ _6\"></span>conf<span class=\"_ _1\"></span>eriscono <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>capacit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>attuale<span class=\"_ _1\"></span> di diriger<span class=\"_ _1\"></span>e le attivit<span class=\"_ _1\"></span>\u00e0 r<span class=\"_ _4\"></span>il<span class=\"_ _1\"></span>evanti del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>entit\u00e0 ogge<span class=\"_ _1\"></span>tto di in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to);<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>o i <span class=\"_ _6\"></span>diritti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ndimenti <span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>riabili <span class=\"_ _1\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>rapporto<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>inves<span class=\"_ _1\"></span>timent<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">la <span class=\"_ _25\"> </span>capacit\u00e0 <span class=\"_ _25\"> </span>di <span class=\"_ _17\"> </span>esercit<span class=\"_ _1\"></span>are <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>proprio <span class=\"_ _25\"> </span>potere <span class=\"_ _25\"> </span>sull\u2019<span class=\"_ _6\"></span>entit\u00e0 <span class=\"_ _25\"> </span>oggetto <span class=\"_ _25\"> </span>di <span class=\"_ _2b\"> </span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _25\"> </span>per <span class=\"_ _17\"> </span>incidere<span class=\"_ _41\"> </span></span></span>sull\u2019<span class=\"_ _6\"></span>ammon<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> dei suoi rendimen<span class=\"_ _1\"></span>ti. Gener<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>vi \u00e8 la presunzi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>che la maggiora<span class=\"_ _1\"></span>nza dei diritti di voto compo<span class=\"_ _1\"></span>rti <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>l controll<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>A support<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di tale presunzione,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>quando il Gruppo <span class=\"_ _4\"></span>detie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>meno<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>maggior<span class=\"_ _1\"></span>anza dei <span class=\"_ _4\"></span>diri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>di voto o diritti <span class=\"_ _4\"></span>si<span class=\"_ _1\"></span>mili, <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>Gruppo  consider<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>tutti  i <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>atti  e <span class=\"_ _7\"> </span>le <span class=\"_ _7\"> </span>circos<span class=\"_ _1\"></span>tanz<span class=\"_ _1\"></span>e  rilevan<span class=\"_ _1\"></span>ti <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>st<span class=\"_ _1\"></span>abilir<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>se  contro<span class=\"_ _1\"></span>lla <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>oggetto<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>di<span class=\"_ _41\"> </span>in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o, inclu<span class=\"_ _1\"></span>si: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">accor<span class=\"_ _1\"></span>di contr<span class=\"_ _1\"></span>attuali c<span class=\"_ _1\"></span>on altri titola<span class=\"_ _1\"></span>ri di diritti di vot<span class=\"_ _1\"></span>o; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti deriv<span class=\"_ _1\"></span>anti da acc<span class=\"_ _1\"></span>ordi c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>ttuali; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti di vot<span class=\"_ _1\"></span>o del Gruppo; </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">diritti di vot<span class=\"_ _1\"></span>o potenzial<span class=\"_ _1\"></span>i del Gruppo;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">una combina<span class=\"_ _1\"></span>zione dei pre<span class=\"_ _1\"></span>cedenti f<span class=\"_ _1\"></span>atti e cir<span class=\"_ _1\"></span>cost<span class=\"_ _1\"></span>anze.<span class=\"_ _41\"> </span></span></span>Il Gruppo riconsider<span class=\"_ _1\"></span>a se ha o meno il contr<span class=\"_ _1\"></span>ollo di una parteci<span class=\"_ _1\"></span>pata e se i fa<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>e le cir<span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanz<span class=\"_ _1\"></span>e indicano che<span class=\"_ _41\"> </span>potre<span class=\"_ _1\"></span>bbero  esser<span class=\"_ _1\"></span>e  int<span class=\"_ _1\"></span>ervenuti  dei <span class=\"_ _10\"> </span>cambiamen<span class=\"_ _1\"></span>ti  in  u<span class=\"_ _1\"></span>no  o  pi\u00f9  dei  tr<span class=\"_ _1\"></span>e  ele<span class=\"_ _1\"></span>menti  rilevan<span class=\"_ _1\"></span>ti  ai  fini  de<span class=\"_ _1\"></span>lla<span class=\"_ _41\"> </span>definizione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trollo. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nsolidamento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>inizia <span class=\"_ _1\"></span>quando <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>ottiene <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollo<span class=\"_ _41\"> </span>e <span class=\"_ _a\"></span>cessa <span class=\"_ _a\"></span>qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>perde <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo. <span class=\"_ _b\"></span>Le <span class=\"_ _a\"></span>attivit\u00e0<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>passivit\u00e0, <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>ricavi <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>della <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>acquisita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>ce<span class=\"_ _1\"></span>duta nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso dell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>inclusi nel bilancio consolidato <span class=\"_ _4\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>il Gruppo<span class=\"_ _41\"> </span>ottiene il con<span class=\"_ _1\"></span>trollo fino<span class=\"_ _1\"></span> alla dat<span class=\"_ _1\"></span>a in cui il Gruppo non e<span class=\"_ _1\"></span>sercit<span class=\"_ _1\"></span>a pi\u00f9 il contr<span class=\"_ _1\"></span>ollo sulla s<span class=\"_ _1\"></span>ociet\u00e0.<span class=\"_ _41\"> </span>Se <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>perde <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trollo <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>una <span class=\"_ _6\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>elimina <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>componen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>di  patrimonio  netto<span class=\"_ _1\"></span>,  mentr<span class=\"_ _1\"></span>e  l\u2019<span class=\"_ _6\"></span>eventuale  utile  o  perdita<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>\u00e8  rileva<span class=\"_ _1\"></span>ta  a  conto  economic<span class=\"_ _1\"></span>o.  L<span class=\"_ _4\"></span>a  quo<span class=\"_ _1\"></span>ta  di<span class=\"_ _41\"> </span>parteci<span class=\"_ _1\"></span>pazione eventual<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> mantenut<span class=\"_ _1\"></span>a \u00e8 rileva<span class=\"_ _1\"></span>ta al f<span class=\"_ _1\"></span>air val<span class=\"_ _1\"></span>ue.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>Bilanci <span class=\"_ _6\"></span>delle <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>reda<span class=\"_ _1\"></span>tti <span class=\"_ _1\"></span>facendo <span class=\"_ _6\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>20<span class=\"_ _1\"></span>2<span class=\"_ _4\"></span>5, <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>riferimen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>del Bil<span class=\"_ _1\"></span>ancio Consolidat<span class=\"_ _1\"></span>o, ap<span class=\"_ _1\"></span>positament<span class=\"_ _1\"></span>e pre<span class=\"_ _1\"></span>disposti ed <span class=\"_ _1\"></span>approv<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>dagli org<span class=\"_ _1\"></span>ani ammi<span class=\"_ _1\"></span>nistr<span class=\"_ _1\"></span>ativi de<span class=\"_ _1\"></span>lle singole<span class=\"_ _41\"> </span>entit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>opportunamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>ttifica<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>ove <span class=\"_ _6\"></span>necessario, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>unif<span class=\"_ _1\"></span>ormarli <span class=\"_ _6\"></span>ai <span class=\"_ _1\"></span>principi <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ontabil<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>applica<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Gruppo<span class=\"_ _41\"> </span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>. Le socie<span class=\"_ _1\"></span>t\u00e0 c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>predett<span class=\"_ _1\"></span>a ar<span class=\"_ _1\"></span>ea di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>sono c<span class=\"_ _1\"></span>onsolidat<span class=\"_ _1\"></span>e secondo <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>metodo<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egrale<span class=\"_ _1\"></span>, in conf<span class=\"_ _1\"></span>ormit\u00e0 alle seguen<span class=\"_ _1\"></span>ti modalit<span class=\"_ _1\"></span>\u00e0:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>e le pa<span class=\"_ _1\"></span>ssivit\u00e0, <span class=\"_ _1\"></span>gli oneri <span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>prov<span class=\"_ _1\"></span>enti del<span class=\"_ _1\"></span>le entit<span class=\"_ _1\"></span>\u00e0 con<span class=\"_ _1\"></span>solidate<span class=\"_ _1\"></span> inte<span class=\"_ _1\"></span>gralmen<span class=\"_ _1\"></span>te sono<span class=\"_ _1\"></span> assunt<span class=\"_ _1\"></span>e linea<span class=\"_ _41\"> </span></span></span>per linea nel bil<span class=\"_ _1\"></span>ancio consoli<span class=\"_ _1\"></span>dato; \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>ontabile<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>delle <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>artecipazioni <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _12\"> </span>eliminat<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>a <span class=\"_ _c\"> </span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>corri<span class=\"_ _1\"></span>spondent<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>fr<span class=\"_ _1\"></span>azione <span class=\"_ _12\"> </span>del<span class=\"_ _41\"> </span></span></span>patrimonio netto <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>impr<span class=\"_ _1\"></span>ese <span class=\"_ _4\"></span>parteci<span class=\"_ _1\"></span>pate attribuendo <span class=\"_ _4\"></span>ai singoli <span class=\"_ _4\"></span>ele<span class=\"_ _1\"></span>menti <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _2\"></span>attivo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>del passivo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>loro v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> corren<span class=\"_ _1\"></span>te alla da<span class=\"_ _1\"></span>ta di acquisizione <span class=\"_ _1\"></span>del control<span class=\"_ _1\"></span>lo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _4\"></span>utili <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>anc<span class=\"_ _1\"></span>ora <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>qu<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>societ\u00e0<span class=\"_ _41\"> </span></span></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>esso<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>elimina<span class=\"_ _1\"></span>ti, <span class=\"_ _a\"></span>cos\u00ec<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporti <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>ciproci <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>debit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>costo<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>rica<span class=\"_ _1\"></span>vo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le r<span class=\"_ _1\"></span>ettifiche di consolidame<span class=\"_ _1\"></span>nto t<span class=\"_ _1\"></span>engono cont<span class=\"_ _1\"></span>o del lor<span class=\"_ _1\"></span>o eff<span class=\"_ _1\"></span>etto fiscale<span class=\"_ _1\"></span> diffe<span class=\"_ _1\"></span>rito.<span class=\"_ _41\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "T<span class=\"_ _6\"></span>rad<span class=\"_ _4\"></span>uzi<span class=\"_ _1\"></span>one dei bilanci di s<span class=\"_ _1\"></span>ociet\u00e0 es<span class=\"_ _1\"></span>tere <span class=\"ffd\"> </span>I <span class=\"_ _1\"></span>bilanci <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>ontro<span class=\"_ _1\"></span>llate<span class=\"_ _1\"></span> sono <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>datti u<span class=\"_ _1\"></span>tilizz<span class=\"_ _1\"></span>ando la <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>ambie<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>primario <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>ui<span class=\"_ _41\"> </span> esse opera<span class=\"_ _1\"></span>no. <span class=\"_ _4\"></span>Ai fini del Bilancio Consoli<span class=\"_ _1\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>bilanci<span class=\"_ _1\"></span>o di <span class=\"_ _4\"></span>ciasc<span class=\"_ _1\"></span>una societ\u00e0 est<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>\u00e8 tr<span class=\"_ _1\"></span>adotto in euro<span class=\"_ _1\"></span>, che<span class=\"_ _41\"> </span> ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>a la valut<span class=\"_ _1\"></span>a funzional<span class=\"_ _1\"></span>e del Gruppo, sec<span class=\"_ _1\"></span>ondo le seguen<span class=\"_ _1\"></span>ti regole:<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>vertite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambio <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ssere alla <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>del bilancio;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i c<span class=\"_ _1\"></span>osti ed i<span class=\"_ _1\"></span> ricav<span class=\"_ _1\"></span>i sono con<span class=\"_ _1\"></span>vertiti al<span class=\"_ _1\"></span> cambio <span class=\"_ _1\"></span>medio dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, il cui <span class=\"_ _1\"></span>risultat<span class=\"_ _1\"></span>o \u00e8 ritenut<span class=\"_ _1\"></span>o una affida<span class=\"_ _1\"></span>bile<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>appro<span class=\"_ _1\"></span>ssimazione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>quello <span class=\"_ _4\"></span>che <span class=\"_ _a\"></span>risulter<span class=\"_ _1\"></span>ebbe <span class=\"_ _5\"></span>dall\u2019<span class=\"_ _6\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>cambi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>vige<span class=\"_ _1\"></span>nti <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>ciascuna<span class=\"_ _41\"> </span> tra<span class=\"_ _1\"></span>nsazione;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">la <span class=\"_ _1\"></span>riserva <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>conv<span class=\"_ _1\"></span>ersione, <span class=\"_ _1\"></span>incl<span class=\"_ _1\"></span>usa tr<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>del P<span class=\"_ _1\"></span>atrimo<span class=\"_ _1\"></span>nio Nett<span class=\"_ _1\"></span>o Con<span class=\"_ _1\"></span>solidato<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>accoglie<span class=\"_ _1\"></span> sia <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>di <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>ate dalla <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>nver<span class=\"_ _1\"></span>sione delle <span class=\"_ _4\"></span>gra<span class=\"_ _1\"></span>ndezze<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>economiche a <span class=\"_ _4\"></span>un tasso <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> chiusur<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>sia <span class=\"_ _a\"></span>quelle <span class=\"_ _a\"></span>gener<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>dalla <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>aduzione <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>patrimoni <span class=\"_ _a\"></span>netti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>apertura <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cambio<span class=\"_ _41\"> </span> diff<span class=\"_ _1\"></span>eren<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>da <span class=\"_ _10\"> </span>quello <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>chiusura<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>periodo <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione.  T<span class=\"_ _2\"></span>ale <span class=\"_ _10\"> </span>riserva <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>riversa<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span>Con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span> Ec<span class=\"_ _1\"></span>onomico al momen<span class=\"_ _1\"></span>to della ce<span class=\"_ _1\"></span>ssione della rel<span class=\"_ _1\"></span>ativa part<span class=\"_ _1\"></span>ecipazione.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>I tassi di ca<span class=\"_ _1\"></span>mbio adottati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>raduzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei bil<span class=\"_ _1\"></span>anci delle societ\u00e0 co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>fu<span class=\"_ _1\"></span>nzionale diver<span class=\"_ _1\"></span>sa dall\u2019<span class=\"_ _6\"></span>euro<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> sono riport<span class=\"_ _1\"></span>ati nella segue<span class=\"_ _1\"></span>nte ta<span class=\"_ _1\"></span>bella:<span class=\"ff3\"> </span><table class=\"s w325 h714\" id=\"_3c919ac8-90e2-4b44-8f32-b68e4d3aac1d\"><tr><td></td><td class=\"c x22d y1505 w1a0 h2c\"><div class=\"t m0 x3b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x22e y1505 w1a1 h2c\"><div class=\"t m0 xc h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x22d y1506 w19e h3df\"><div class=\"t m0 x8e h2 y952 ffb fs6 fc0 sc0 ls0 ws0\">Media dei 12 mesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22f y1508 w326 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Puntuale al 31</div></td><td class=\"c x22e y1506 w19f h3df\"><div class=\"t m0 x6f h2 y952 ffb fs6 fc0 sc0 ls56 ws0\">   <span class=\"ls0\">Media dei 12 mesi</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td><td class=\"c x230 y1508 w327 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Puntuale al 31<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x231 y1509 w328 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x232 y1509 w328 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y150a w19d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ringgit malesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22d y150a w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,8324<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x234 y150a w121 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,7682<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22e y150a w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,9506<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x235 y150a w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,6454<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y150b w19d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dollari st<span class=\"_ _1\"></span>atunitensi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22d y150b w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,1293<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x234 y150b w121 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,1750<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22e y150b w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,0821<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x235 y150b w19e h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,0389<span class=\"ff1 fs0\"> </span></div></td></tr></table>Conver<span class=\"_ _1\"></span>sione delle post<span class=\"_ _1\"></span>e in valut<span class=\"_ _1\"></span>a Nel <span class=\"_ _5\"></span>bilancio <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>ansazioni <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>valuta <span class=\"_ _5\"></span>diver<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>dalla <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>luta <span class=\"_ _5\"></span>funzionale <span class=\"_ _a\"></span>sono <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>cambio in e<span class=\"_ _1\"></span>ssere alla<span class=\"_ _1\"></span> data de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>operazione. A fine e<span class=\"_ _1\"></span>sercizi<span class=\"_ _1\"></span>o le attivit\u00e0<span class=\"_ _1\"></span> e pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 mo<span class=\"_ _1\"></span>netarie denomina<span class=\"_ _1\"></span>te in<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>uta <span class=\"_ _9\"> </span>dive<span class=\"_ _1\"></span>rsa <span class=\"_ _b\"></span>dall\u2019<span class=\"_ _6\"></span>euro <span class=\"_ _b\"></span>sono <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>te <span class=\"_ _b\"> </span>a<span class=\"_ _4\"></span>l <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>ca<span class=\"_ _1\"></span>mbio <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>alla <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>periodo<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abile <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>riferimen<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>e <span class=\"_ _7\"> </span>le <span class=\"_ _12\"> </span>diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>cambio <span class=\"_ _7\"> </span>eventualmen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>emerge<span class=\"_ _1\"></span>nti <span class=\"_ _12\"> </span>sono <span class=\"_ _12\"> </span>riflesse <span class=\"_ _12\"> </span>nel <span class=\"_ _7\"> </span>Conto<span class=\"_ _41\"> </span>Ec<span class=\"_ _1\"></span>onomico Consolida<span class=\"_ _1\"></span>to. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "Aggregazioni <span class=\"_ _1\"></span>aziendali<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>aggre<span class=\"_ _1\"></span>gazioni <span class=\"_ _5\"></span>aziendali <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>forz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>quali <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>acquisit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un\u2019<span class=\"_ _6\"></span>entit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>accordo <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>enute <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _1\"></span>IFRS <span class=\"_ _a\"></span>3 <span class=\"_ _a\"></span>Aggreg<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>aziendal<span class=\"_ _1\"></span>i, <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>ondo <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>metodo<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>acquisizi<span class=\"_ _1\"></span>one <span class=\"_ _2b\"> </span>(acquisiti<span class=\"_ _1\"></span>on <span class=\"_ _2b\"> </span>meth<span class=\"_ _1\"></span>od). <span class=\"_ _2b\"> </span>Il <span class=\"_ _17\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _2b\"> </span>di <span class=\"_ _25\"> </span>acquisto<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>ovv<span class=\"_ _1\"></span>ero <span class=\"_ _17\"> </span>il <span class=\"_ _17\"> </span>corrispettivo <span class=\"_ _17\"> </span>tras<span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>erito<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>\u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato dal v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> corre<span class=\"_ _1\"></span>nte (f<span class=\"_ _1\"></span>air va<span class=\"_ _1\"></span>lue) alla dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di acquisi<span class=\"_ _1\"></span>zione delle a<span class=\"_ _1\"></span>ttivit\u00e0 cedute, del<span class=\"_ _1\"></span>le passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>o ass<span class=\"_ _1\"></span>unte, <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>ale emes<span class=\"_ _1\"></span>si dall\u2019<span class=\"_ _2\"></span>acquirent<span class=\"_ _1\"></span>e. Il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to di <span class=\"_ _1\"></span>acquis<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>nclude<span class=\"_ _41\"> </span>il <span class=\"_ _4\"></span>fair <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>corrispettivi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>potenziali. <span class=\"_ _4\"></span>I <span class=\"_ _4\"></span>costi <span class=\"_ _4\"></span>dir<span class=\"_ _1\"></span>ettament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attribuibili<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>acquisizi<span class=\"_ _1\"></span>one sono rileva<span class=\"_ _1\"></span>ti a cont<span class=\"_ _1\"></span>o economic<span class=\"_ _1\"></span>o. Il <span class=\"_ _10\"> </span>cos<span class=\"_ _1\"></span>to  di <span class=\"_ _9\"> </span>acquisto <span class=\"_ _10\"> </span>\u00e8 <span class=\"_ _10\"> </span>alloca<span class=\"_ _1\"></span>to  rile<span class=\"_ _1\"></span>vando  l<span class=\"_ _1\"></span>e  attivi<span class=\"_ _1\"></span>t\u00e0,  l<span class=\"_ _1\"></span>e  passivit<span class=\"_ _1\"></span>\u00e0  e <span class=\"_ _9\"> </span>le  passivit<span class=\"_ _1\"></span>\u00e0  pot<span class=\"_ _1\"></span>enziali <span class=\"_ _10\"> </span>identific<span class=\"_ _1\"></span>abili<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>acquisit<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>ai <span class=\"_ _10\"> </span>rel<span class=\"_ _1\"></span>ativi <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _10\"> </span>val<span class=\"_ _1\"></span>ue <span class=\"_ _10\"> </span>alla <span class=\"_ _9\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>acquisizione, <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>l\u2019importo <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>qualsiasi <span class=\"_ _9\"> </span>partecipazione <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>minoranz<span class=\"_ _1\"></span>a, rispett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>degli importi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 identificabili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita st<span class=\"_ _1\"></span>essa<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>come <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ov<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ero<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>imputa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _5\"></span>Il<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore delle <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>teressenz<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>erzi <span class=\"_ _4\"></span>\u00e8 determina<span class=\"_ _1\"></span>to in <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oporzione alle quote <span class=\"_ _4\"></span>di partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>dete<span class=\"_ _1\"></span>nute dai<span class=\"_ _41\"> </span>terzi ne<span class=\"_ _1\"></span>lle attivit<span class=\"_ _1\"></span>\u00e0 nette iden<span class=\"_ _1\"></span>tificabili dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita, ovv<span class=\"_ _1\"></span>ero al lor<span class=\"_ _1\"></span>o fai<span class=\"_ _1\"></span>r value alla da<span class=\"_ _1\"></span>ta di acquisiz<span class=\"_ _1\"></span>ione.<span class=\"_ _41\"> </span>Qualor<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _6\"></span>aggre<span class=\"_ _1\"></span>gazione  aziendale  sia <span class=\"_ _7\"> </span>real<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta  in <span class=\"_ _7\"> </span>pi\u00f9 <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>asi, <span class=\"_ _7\"> </span>le  quote  partecipa<span class=\"_ _1\"></span>tive  preceden<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>detenut<span class=\"_ _1\"></span>e sarebbe<span class=\"_ _1\"></span>ro rimisur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e al f<span class=\"_ _1\"></span>air value e l\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enza (positiv<span class=\"_ _1\"></span>a o neg<span class=\"_ _1\"></span>ativa)<span class=\"_ _1\"></span> imputat<span class=\"_ _1\"></span>a a conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eventuale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _6\"></span>potenzi<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alue <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acquisizione. <span class=\"_ _6\"></span>L<span class=\"_ _4\"></span>e <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ucces<span class=\"_ _1\"></span>sive<span class=\"_ _41\"> </span>del fair value del corrispettivo potenzia<span class=\"_ _1\"></span>le, <span class=\"_ _4\"></span>classific<span class=\"_ _1\"></span>ato come strument<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ario ai <span class=\"_ _4\"></span>sensi di <span class=\"_ _4\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _4\"></span>9, sono<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onto <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>spettivi <span class=\"_ _b\"></span>potenziali <span class=\"_ _a\"></span>classificati <span class=\"_ _b\"></span>come <span class=\"_ _b\"></span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apital<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>sono<span class=\"_ _41\"> </span>rimisur<span class=\"_ _1\"></span>ati e vengo<span class=\"_ _1\"></span>no cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ati dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e nel Pa<span class=\"_ _1\"></span>trimonio Netto<span class=\"_ _1\"></span>.   Nel <span class=\"_ _4\"></span>caso <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>attivit\u00e0, <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>passivit\u00e0 <span class=\"_ _4\"></span>potenzia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>possano <span class=\"_ _4\"></span>determinar<span class=\"_ _1\"></span>si<span class=\"_ _41\"> </span>solo <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ovvisoriament<span class=\"_ _1\"></span>e, <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>aggr<span class=\"_ _1\"></span>egazione <span class=\"_ _4\"></span>az<span class=\"_ _4\"></span>ie<span class=\"_ _1\"></span>ndale <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>ri<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _a\"></span>tali <span class=\"_ _5\"></span>valori<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>provvisori. <span class=\"_ _5\"></span>Le <span class=\"_ _a\"></span>eventua<span class=\"_ _1\"></span>li<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>ttifiche, <span class=\"_ _4\"></span>deriv<span class=\"_ _1\"></span>anti dal comple<span class=\"_ _1\"></span>tamento del proce<span class=\"_ _1\"></span>sso di valuta<span class=\"_ _1\"></span>zione, <span class=\"_ _4\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>en<span class=\"_ _1\"></span>tro 12 mesi a <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>rtire<span class=\"_ _41\"> </span>dalla da<span class=\"_ _1\"></span>ta di acquisizione, <span class=\"_ _1\"></span>rideterminando i da<span class=\"_ _1\"></span>ti compa<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to emer<span class=\"_ _1\"></span>gen<span class=\"_ _1\"></span>te dall\u2019<span class=\"_ _2\"></span>acquisizione di societ<span class=\"_ _1\"></span>\u00e0 c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, rappr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span> l\u2019<span class=\"_ _6\"></span>eccedenz<span class=\"_ _1\"></span>a del <span class=\"_ _1\"></span>corrispettivo<span class=\"_ _41\"> </span>corrispos<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>to al fair<span class=\"_ _1\"></span> value alla dat<span class=\"_ _1\"></span>a di acquisizione, rispe<span class=\"_ _1\"></span>tto al valor<span class=\"_ _1\"></span>e netto delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>identific<span class=\"_ _1\"></span>abili nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>acquisita s<span class=\"_ _1\"></span>tessa va<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>e al f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alue. Dopo la <span class=\"_ _1\"></span>rilevazi<span class=\"_ _1\"></span>one iniziale, <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to non vi<span class=\"_ _1\"></span>ene<span class=\"_ _41\"> </span>assoggetta<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, ma <span class=\"_ _4\"></span>sottop<span class=\"_ _1\"></span>osto a <span class=\"_ _4\"></span>verifi<span class=\"_ _1\"></span>ca almeno <span class=\"_ _4\"></span>annuale di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecupera<span class=\"_ _1\"></span>bilit\u00e0. Al <span class=\"_ _4\"></span>fine della<span class=\"_ _41\"> </span>verific<span class=\"_ _1\"></span>a  de<span class=\"_ _1\"></span>lla <span class=\"_ _10\"> </span>riduzione <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _9\"> </span>(impairment), <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>acquisit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _9\"> </span>di  u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>aggreg<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>aziendale<span class=\"_ _1\"></span>  \u00e8 <span class=\"_ _9\"> </span>allocat<span class=\"_ _1\"></span>o, <span class=\"_ _10\"> </span>dalla <span class=\"_ _9\"> </span>data <span class=\"_ _9\"> </span>di  acquisizione<span class=\"_ _1\"></span>,  a <span class=\"_ _9\"> </span>ciascuna <span class=\"_ _10\"> </span>unit<span class=\"_ _1\"></span>\u00e0  g<span class=\"_ _1\"></span>enera<span class=\"_ _1\"></span>trice <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>flussi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>ca<span class=\"_ _1\"></span>ssa  (<span class=\"_ _1\"></span>cash<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>ating unit o CGU) del Gruppo in cui si prev<span class=\"_ _1\"></span>edono benefici derivan<span class=\"_ _1\"></span>ti dalle sinergi<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>aggreg<span class=\"_ _1\"></span>azione,<span class=\"_ _41\"> </span>a pre<span class=\"_ _1\"></span>scindere dal f<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o che altr<span class=\"_ _1\"></span>e attivit\u00e0<span class=\"_ _1\"></span> o pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 dell\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 acquisit<span class=\"_ _1\"></span>a siano assegnat<span class=\"_ _1\"></span>e a tali<span class=\"_ _1\"></span> unit\u00e0. Una <span class=\"_ _1\"></span>CGU r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta <span class=\"_ _1\"></span>il pi\u00f9 <span class=\"_ _1\"></span>piccolo <span class=\"_ _1\"></span>gruppo di <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 ch<span class=\"_ _1\"></span>e ge<span class=\"_ _1\"></span>nera <span class=\"_ _1\"></span>flussi finanzia<span class=\"_ _1\"></span>ri larg<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e indipe<span class=\"_ _1\"></span>ndenti.<span class=\"_ _41\"> </span>Nel pr<span class=\"_ _1\"></span>ocesso di individuazione<span class=\"_ _1\"></span> delle predett<span class=\"_ _1\"></span>e CGU<span class=\"_ _1\"></span>, il m<span class=\"_ _4\"></span>anag<span class=\"_ _1\"></span>ement ha te<span class=\"_ _1\"></span>nuto cont<span class=\"_ _1\"></span>o della natur<span class=\"_ _1\"></span>a specifica<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 e<span class=\"_ _1\"></span> del busines<span class=\"_ _1\"></span>s cui <span class=\"_ _1\"></span>appartiene (ar<span class=\"_ _1\"></span>ee di<span class=\"_ _1\"></span> business, <span class=\"_ _1\"></span>normativ<span class=\"_ _1\"></span>a di rif<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, ecc.) <span class=\"_ _1\"></span>verificand<span class=\"_ _1\"></span>o che<span class=\"_ _41\"> </span>i  fluss<span class=\"_ _4\"></span>i  finanziari  in <span class=\"_ _7\"> </span>entr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _7\"> </span>da  un <span class=\"_ _7\"> </span>gruppo  di <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>fos<span class=\"_ _1\"></span>sero  strett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>indipenden<span class=\"_ _1\"></span>ti <span class=\"_ _7\"> </span>e<span class=\"_ _41\"> </span>ampiament<span class=\"_ _1\"></span>e aut<span class=\"_ _1\"></span>onomi da <span class=\"_ _1\"></span>quell<span class=\"_ _1\"></span>i deriv<span class=\"_ _1\"></span>anti da <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>(o gruppi <span class=\"_ _1\"></span>di a<span class=\"_ _1\"></span>ttivit\u00e0). <span class=\"_ _1\"></span>Inoltre, <span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>incluse i<span class=\"_ _1\"></span>n<span class=\"_ _41\"> </span>ogni <span class=\"_ _b\"></span>CGU <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>individuat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>anche <span class=\"_ _a\"></span>sulla <span class=\"_ _b\"></span>base <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>modalit\u00e0 <span class=\"_ _a\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>quali <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>managemen<span class=\"_ _1\"></span>t <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>monitor<span class=\"_ _1\"></span>a e le ges<span class=\"_ _1\"></span>tisce nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o del prop<span class=\"_ _1\"></span>rio modello di business.<span class=\"_ _41\"> </span>Se <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>un\u2019<span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>atrice <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>flussi <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ri <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>dismette <span class=\"_ _4\"></span>parte <span class=\"_ _a\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>unit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>associa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>all\u2019<span class=\"_ _2\"></span>attivit\u00e0 dismessa <span class=\"_ _4\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>incluso nel <span class=\"_ _4\"></span>valo<span class=\"_ _1\"></span>re contabil<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span>quando si det<span class=\"_ _1\"></span>ermina l\u2019utile<span class=\"_ _1\"></span> o <span class=\"_ _4\"></span>la perdit<span class=\"_ _1\"></span>a della dismissione<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>avvi<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sociato con l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 disme<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span> \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>sulla <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>va<span class=\"_ _1\"></span>lori <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>dismessa <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>parte <span class=\"_ _6\"></span>mantenut<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>atrice<span class=\"_ _41\"> </span>di flussi finanzia<span class=\"_ _1\"></span>ri.<span class=\"_ _41\"> </span>Area<span class=\"_ _1\"></span> di consolidament<span class=\"_ _1\"></span>o L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>are<span class=\"_ _1\"></span>a di consolidament<span class=\"_ _1\"></span>o al 31 dicembr<span class=\"_ _1\"></span>e 2025 non ha subito v<span class=\"_ _1\"></span>ariazioni rispett<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio prece<span class=\"_ _1\"></span>dente. Le <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>incluse <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>area <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>consolidament<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riport<span class=\"_ _1\"></span>ate <span class=\"_ _6\"></span>nella <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tabell<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>evidenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alori<span class=\"_ _41\"> </span>del capit<span class=\"_ _1\"></span>ale sociale al<span class=\"_ _1\"></span> 31<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>dicembre 2025 espr<span class=\"_ _1\"></span>essi in migl<span class=\"_ _1\"></span>iaia di euro e l<span class=\"_ _1\"></span>a percentua<span class=\"_ _1\"></span>le di partecipaz<span class=\"_ _1\"></span>ione:<table class=\"s w329 h716\" id=\"_06e66b12-c7f8-456a-9d85-04f737ca29e8\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x237 y150c w1aa h2c\"><div class=\"t m0 x2c hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">% di partecipazi<span class=\"_ _1\"></span>one<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x238 y150d w32a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Metodo di<span class=\"_ _41\"> </span></div></td><td class=\"c x239 y150d w32b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x23a y150e w1a2 h3e1\"><div class=\"t m0 x0 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Denominazione<span class=\"ff1\"> </span></div></td><td class=\"c x23b y150e w1a3 h3e1\"><div class=\"t m0 xa5 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Sede<span class=\"ff1\"> </span></div></td><td class=\"c x23c y150e w1a4 h3e1\"><div class=\"t m0 x6f hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0 svolta<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x23d y150e w1a5 h3e1\"><div class=\"t m0 x2e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>aluta<span class=\"ff1\"> </span></div></td><td class=\"c x23e y150f w32c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">consolidamen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td><td class=\"c x23f y150f w32d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">sociale</div></td><td class=\"c x237 y150e w1a8 h3e1\"><div class=\"t m0 x50 hbd y3b6 ff6 fs8 fc0 sc0 ls57 ws0\">      <span class=\"ls0\">dirett<span class=\"_ _1\"></span>a</span><span class=\"ls0\"><span class=\"ff1\"> </span></span></div></td><td class=\"c x240 y150e w1a9 h3e1\"><div class=\"t m0 x6f hbd y3b6 ff6 fs8 fc0 sc0 ls57 ws0\">   <span class=\"ls0\">di gruppo</span><span class=\"ls0\"><span class=\"ff1\"> </span></span></div></td></tr><tr><td class=\"c x23a y1510 w1a2 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>echno Sky S.r<span class=\"_ _6\"></span>.l.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1510 w1a3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1510 w1a4 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1510 w1a5 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1510 w1a6 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1510 w1a7 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x237 y1510 w1a8 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1510 w1a9 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1511 w1a2 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">D-Flight S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1511 w1a3 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1511 w1a4 h2c\"><div class=\"t m0 x7e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1511 w1a5 h2c\"><div class=\"t m0 x7d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1511 w1a6 h2c\"><div class=\"t m0 x48 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1511 w1a7 h2c\"><div class=\"t m0 xa5 h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">50<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1511 w1a8 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1511 w1a9 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1512 w1a2 h44\"><div class=\"t m0 x0 h30 y338 ffb fs6 fc0 sc0 ls0 ws0\">Enav Asia P<span class=\"_ _1\"></span>acific in </div><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">liquidazione volont<span class=\"_ _1\"></span>aria<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1512 w1a3 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Kuala Lumpur<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1512 w1a4 h44\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1512 w1a5 h44\"><div class=\"t m0 x2c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">ringgit malesi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1512 w1a6 h44\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1512 w1a7 h44\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">127<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1512 w1a8 h44\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1512 w1a9 h44\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x243 y1514 w32e h717\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">dollari<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y1515 w1a2 h151\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Enav North A<span class=\"_ _1\"></span>tlantic<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1515 w1a3 h151\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Miami<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1515 w1a4 h151\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x244 y1516 w32f h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">st<span class=\"_ _1\"></span>atunitensi<span class=\"_ _41\"> </span></div></td><td class=\"c x241 y1515 w1a6 h151\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1515 w1a7 h151\"><div class=\"t m0 x68 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">44.974<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x237 y1515 w1a8 h151\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1515 w1a9 h151\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1517 w1a2 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IDS AirNav S.r<span class=\"_ _2\"></span>.l<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23b y1517 w1a3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Roma<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23c y1517 w1a4 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x23d y1517 w1a5 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">euro<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x241 y1517 w1a6 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Integ<span class=\"_ _1\"></span>rale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x242 y1517 w1a7 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">500<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x237 y1517 w1a8 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x240 y1517 w1a9 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">100%<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "<div class=\"c w2 h0 gs4\"><div class=\"t m0 x3 h4 ydae ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 y87d ff2 fs1 fc3 sc3 ls6 ws0\">4.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Principi cont<span class=\"_ _1\"></span>abili e criteri <span class=\"_ _1\"></span>di valuta<span class=\"_ _1\"></span>zione <span class=\"ff3\"> </span></span></div><div class=\"t m0 x3 h4 y5a1 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 y5a2 ff2 fs1 fc0 sc0 ls0 ws0\">Nel <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>principi <span class=\"_ _6\"></span>conta<span class=\"_ _1\"></span>bili <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>crit<span class=\"_ _1\"></span>eri <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _1\"></span>appli<span class=\"_ _1\"></span>cati <span class=\"_ _6\"></span>per l<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Bilancio </div><div class=\"t m0 x3 h4 y5a3 ff2 fs1 fc0 sc0 ls0 ws0\">Consolidat<span class=\"_ _1\"></span>o.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y5a4 ff3 fs1 fc3 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h14 y9cb ff8 fs1 fc3 sc0 ls0 ws0\">Attivit<span class=\"_ _1\"></span>\u00e0 mater<span class=\"_ _1\"></span>iali<span class=\"_ _41\"> </span><span class=\"ffd\"> </span></div><div class=\"t m0 x3 h4 ydaf ff2 fs1 fc0 sc0 ls0 ws0\">Le Attivi<span class=\"_ _1\"></span>t\u00e0 mat<span class=\"_ _1\"></span>eriali sono isc<span class=\"_ _1\"></span>ritte al cos<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, al netto degli<span class=\"_ _1\"></span> ammortamenti<span class=\"_ _1\"></span> e delle even<span class=\"_ _1\"></span>tuali per<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lore.<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ydb0 ff2 fs1 fc0 sc0 ls0 ws0\">Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>include gli <span class=\"_ _1\"></span>oneri acce<span class=\"_ _1\"></span>ssor<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span> dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e imput<span class=\"_ _1\"></span>abili e <span class=\"_ _1\"></span>necessari al<span class=\"_ _1\"></span>la messa i<span class=\"_ _1\"></span>n funzione <span class=\"_ _1\"></span>del bene<span class=\"_ _1\"></span> per<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yb14 ff2 fs1 fc0 sc0 ls0 ws0\">l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>acquisit<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>In <span class=\"_ _5\"></span>occasione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>evisioni <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>manutenzioni <span class=\"_ _4\"></span>impo<span class=\"_ _1\"></span>rtanti, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>incluso <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yb15 ff2 fs1 fc0 sc0 ls0 ws0\">val<span class=\"_ _1\"></span>ore con<span class=\"_ _1\"></span>tabile dell\u2019impia<span class=\"_ _1\"></span>nto o del macc<span class=\"_ _1\"></span>hinario, ladd<span class=\"_ _1\"></span>ove sia soddis<span class=\"_ _1\"></span>fa<span class=\"_ _1\"></span>tto il crite<span class=\"_ _1\"></span>rio per la rilev<span class=\"_ _1\"></span>azione. T<span class=\"_ _6\"></span>utti<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yb16 ff2 fs1 fc0 sc0 ls0 ws0\">gli <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tri <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ripara<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati nel <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economico <span class=\"_ _4\"></span>q<span class=\"_ _1\"></span>uando <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tenuti. <span class=\"_ _4\"></span>In ogni<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y5ec ff2 fs1 fc0 sc0 ls0 ws0\">caso  i  cos<span class=\"_ _1\"></span>ti  sost<span class=\"_ _1\"></span>enuti  successiv<span class=\"_ _1\"></span>amente  al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>acquist<span class=\"_ _1\"></span>o  sono<span class=\"_ _4\"></span>  rile<span class=\"_ _1\"></span>vati  ad  incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o  del  valor<span class=\"_ _1\"></span>e  cont<span class=\"_ _1\"></span>abile<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y5ed ff2 fs1 fc0 sc0 ls0 ws0\">dell\u2019<span class=\"_ _6\"></span>elemen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>cui s<span class=\"_ _4\"></span>i riferi<span class=\"_ _1\"></span>scono<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sia probabile che <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>benefici associati al <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>affluisc<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>al<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y5ee ff2 fs1 fc0 sc0 ls0 ws0\">Gruppo ed il c<span class=\"_ _1\"></span>osto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elemento po<span class=\"_ _1\"></span>ssa essere det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>to att<span class=\"_ _1\"></span>endibilment<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y5ef ff2 fs1 fc0 sc0 ls0 ws0\">L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>quote <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanti,<span class=\"_ _1\"></span> dal <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>il ces<span class=\"_ _1\"></span>pite <span class=\"_ _1\"></span>\u00e8 disponibile<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pron<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>so,<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yb18 ff2 fs1 fc0 sc0 ls0 ws0\">in <span class=\"_ _4\"></span>funzione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vita utile <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riesame <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>periodicit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>annuale. <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>tuali <span class=\"_ _4\"></span>cambiamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ydb1 ff2 fs1 fc0 sc0 ls0 ws0\">vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile, <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>necessari, <span class=\"_ _5\"></span>sare<span class=\"_ _1\"></span>bbero <span class=\"_ _5\"></span>apportati <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>prospettic<span class=\"_ _1\"></span>a. <span class=\"_ _a\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammort<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>tiene <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y39e ff2 fs1 fc0 sc0 ls0 ws0\">dell\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale <span class=\"_ _9\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>residuo <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>cespiti. <span class=\"_ _9\"> </span>Quando <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>compost<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>da<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ydb2 ff2 fs1 fc0 sc0 ls0 ws0\">elemen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>epar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>identificabili<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile <span class=\"_ _b\"></span>diff<span class=\"_ _1\"></span>erisce <span class=\"_ _a\"></span>significa<span class=\"_ _1\"></span>tivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>quella <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>altre<span class=\"_ _41\"> </span> </div></div>parti che compon<span class=\"_ _1\"></span>gono l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, l\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to \u00e8 eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>to separa<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te per ciascuna di tal<span class=\"_ _1\"></span>i parti, in<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>zione del metodo de<span class=\"_ _1\"></span>l componen<span class=\"_ _1\"></span>t approach.<span class=\"_ _1\"></span> La vita<span class=\"_ _1\"></span> utile stimat<span class=\"_ _1\"></span>a delle pri<span class=\"_ _1\"></span>ncipali classi di attivit<span class=\"_ _1\"></span>\u00e0 mat<span class=\"_ _1\"></span>eriali \u00e8 la seguen<span class=\"_ _1\"></span>te:<table class=\"s w330 h719\" id=\"_c9b7ff70-972b-45ef-8d89-6911f957bc00\"><tr><td class=\"c x246 y1518 w1ab h2c\"><div class=\"t m0 x5f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1518 w1ac h2c\"><div class=\"t m0 x1d8 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Descrizione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1518 w21 h2c\"><div class=\"t m0 x92 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">vita u<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>le (an<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>i)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1519 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Fabb<span class=\"_ _1\"></span>ricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1519 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151a w1ab h3e3\"><div class=\"t m0 x62 h2 ydb7 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>abbricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y151b w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Manutenzi<span class=\"_ _1\"></span>one straor<span class=\"_ _1\"></span>dinaria fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151b w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Costruzion<span class=\"_ _1\"></span>i leggere<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151c w1ac h31\"><div class=\"t m0 x0 h2 ydbb ffb fs262 fc0 sc0 ls0 ws0\">Impianti r<span class=\"_ _1\"></span>adiofoni<span class=\"_ _1\"></span>ci<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151c w21 h31\"><div class=\"t m0 x31 h2 ydbc ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151d w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">Impianti di re<span class=\"_ _1\"></span>gistrazio<span class=\"_ _1\"></span>ne<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151d w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151e w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di sincr<span class=\"_ _1\"></span>onizzazione e<span class=\"_ _1\"></span> centri di contr<span class=\"_ _1\"></span>ollo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151e w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151f w1ab h3e4\"><div class=\"t m0 x40 h2 ydba ffb fs6 fc0 sc0 ls0 ws0\">Impianti e macchinari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1520 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali manuali ed elettr<span class=\"_ _1\"></span>omeccaniche<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1520 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1521 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali ed impianti elettrici<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1521 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1522 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Po<span class=\"_ _1\"></span>nti radio<span class=\"_ _1\"></span>, apparecchiatur<span class=\"_ _1\"></span>e A.F<span class=\"_ _6\"></span>. e am<span class=\"_ _4\"></span>pl<span class=\"_ _1\"></span>ificazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1522 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151f w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di alimen<span class=\"_ _1\"></span>tazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151f w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1523 w1ab h3e5\"><div class=\"t m0 x5b h2 y952 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezza<span class=\"_ _1\"></span>ture industriali e c<span class=\"_ _1\"></span>ommerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1524 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature di segnalazion<span class=\"_ _1\"></span>e e attrezza<span class=\"_ _1\"></span>ture di pis<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1524 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1523 w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezzatur<span class=\"_ _1\"></span>a varia e minu<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1523 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1525 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Macchine ele<span class=\"_ _1\"></span>ttroniche e sist<span class=\"_ _1\"></span>emi telefon<span class=\"_ _1\"></span>ici<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1525 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1526 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Mobili e macch<span class=\"_ _1\"></span>ine ordinarie di ufficio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1526 w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1527 w1ab h3e6\"><div class=\"t m0 x5f h2 ydc2 ffb fs6 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1528 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature per elab.ne<span class=\"_ _1\"></span> d<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti compresi i co<span class=\"_ _1\"></span>mputer<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1528 w21 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1529 w1ac h31\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Autov<span class=\"_ _1\"></span>etture, motoci<span class=\"_ _1\"></span>cli e simili<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1529 w21 h31\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y152a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>elivoli azi<span class=\"_ _1\"></span>endali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y152a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">15<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1527 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Equipaggi<span class=\"_ _1\"></span>amento dei veliv<span class=\"_ _1\"></span>oli e sistemi di r<span class=\"_ _1\"></span>adiomisure<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1527 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>Il valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tabile delle attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mat<span class=\"_ _1\"></span>eriali \u00e8 <span class=\"_ _4\"></span>sottopos<span class=\"_ _1\"></span>to a <span class=\"_ _4\"></span>verifi<span class=\"_ _1\"></span>ca, <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>arne eventua<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore,<span class=\"_ _41\"> </span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>venti o cambiame<span class=\"_ _1\"></span>nti di situazione indichino che il valor<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>arico non possa <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ssere re<span class=\"_ _1\"></span>cuperat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Se esist<span class=\"_ _1\"></span>e un\u2019indicazione di <span class=\"_ _1\"></span>questo tipo e, nel c<span class=\"_ _1\"></span>aso in cui il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> di carico ecceda i<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile, le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 sono <span class=\"_ _1\"></span>sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>e ed i<span class=\"_ _1\"></span>scritte <span class=\"_ _1\"></span>al loro<span class=\"_ _1\"></span> val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>materia<span class=\"_ _1\"></span>li \u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato dal <span class=\"_ _1\"></span>maggiore tr<span class=\"_ _1\"></span>a il f<span class=\"_ _1\"></span>air value, al nett<span class=\"_ _1\"></span>o dei c<span class=\"_ _1\"></span>osti di vendita,<span class=\"_ _1\"></span> e il valor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>gene<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>flussi <span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nziari <span class=\"_ _1\"></span>ampiamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>indipenden<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>in <span class=\"_ _4\"></span>relazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>all\u2019<span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _4\"></span>genera<span class=\"_ _1\"></span>trice <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>appartiene. <span class=\"_ _4\"></span>Le <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sono<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>voce svalu<span class=\"_ _1\"></span>tazioni e <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di valor<span class=\"_ _1\"></span>e. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ali perdite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore sono<span class=\"_ _41\"> </span>ripristina<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ui <span class=\"_ _1\"></span>veng<span class=\"_ _1\"></span>ano <span class=\"_ _1\"></span>meno <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>motivi <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>hanno <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>limiti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>carico<span class=\"_ _41\"> </span>che <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>av<span class=\"_ _1\"></span>rebbe <span class=\"_ _b\"></span>avuto <span class=\"_ _b\"></span>se <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>fosse<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>se <span class=\"_ _b\"> </span>fosser<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>st<span class=\"_ _1\"></span>at<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettuati<span class=\"_ _1\"></span> i rela<span class=\"_ _1\"></span>tivi ammortamen<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Al <span class=\"_ _4\"></span>momento della <span class=\"_ _4\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>sussis<span class=\"_ _1\"></span>tono <span class=\"_ _4\"></span>benefici economici <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esi <span class=\"_ _4\"></span>dall\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>bene,<span class=\"_ _41\"> </span>esso <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>elimina<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>bilancio <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>eventuale <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>utile <span class=\"_ _a\"></span>(ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>cessione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>carico) viene <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>suddetta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eliminazione. <span class=\"_ _4\"></span>La<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione viene eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onsidera<span class=\"_ _1\"></span>ndo i principi defi<span class=\"_ _1\"></span>niti nell\u2019IFRS 15.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra le attivit<span class=\"_ _1\"></span>\u00e0 material<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>sono altr<span class=\"_ _1\"></span>es\u00ec iscritti i <span class=\"_ _4\"></span>diri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>d\u2019<span class=\"_ _1\"></span>uso (\u201cright of use\u201d), in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al principio <span class=\"_ _4\"></span>IF<span class=\"_ _1\"></span>RS 16<span class=\"_ _41\"> </span>connessi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>leas<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>pluriennale, <span class=\"_ _a\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ricorr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>condizione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>esclusivo <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene<span class=\"_ _41\"> </span>oggetto <span class=\"_ _1\"></span>di l<span class=\"_ _1\"></span>ease e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>fruizione <span class=\"_ _1\"></span>sosta<span class=\"_ _1\"></span>nziale di <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i be<span class=\"_ _1\"></span>nefici <span class=\"_ _1\"></span>economici <span class=\"_ _1\"></span>derivan<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 lungo <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>periodo<span class=\"_ _41\"> </span>di utilizz<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>use <span class=\"_ _5\"></span>viene <span class=\"_ _4\"></span>iscritto <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>equiv<span class=\"_ _1\"></span>alente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>somma <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>uscita,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visti contr<span class=\"_ _1\"></span>attualmen<span class=\"_ _1\"></span>te, utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>quale f<span class=\"_ _1\"></span>attor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di attualizz<span class=\"_ _1\"></span>azione il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>accordo<span class=\"_ _41\"> </span>o il tass<span class=\"_ _1\"></span>o di finanziament<span class=\"_ _1\"></span>o margi<span class=\"_ _1\"></span>nal<span class=\"ls13\">e.<span class=\"_ _41\"> </span></span>Il right of use viene ammortizza<span class=\"_ _1\"></span>to tenendo in consider<span class=\"_ _1\"></span>azione il periodo <span class=\"_ _4\"></span>non cance<span class=\"_ _1\"></span>llabile dell\u2019<span class=\"_ _6\"></span>acc<span class=\"_ _1\"></span>ordo che<span class=\"_ _41\"> </span>normalmen<span class=\"_ _1\"></span>te coincide c<span class=\"_ _1\"></span>on la dura<span class=\"_ _1\"></span>ta dello s<span class=\"_ _1\"></span>tesso.<span class=\"_ _41\"> </span>Con <span class=\"_ _b\"> </span>riferi<span class=\"_ _1\"></span>mento <span class=\"_ _b\"></span>ai <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>noleggio <span class=\"_ _9\"> </span>plu<span class=\"_ _1\"></span>riennale <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>auto<span class=\"_ _1\"></span>vetture, <span class=\"_ _a\"></span>si <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ocede <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>separ<span class=\"_ _1\"></span>azione <span class=\"_ _b\"></span>de<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>tra <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>component<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>ovvero <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>corrispe<span class=\"_ _1\"></span>ttivo <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>noleggio, <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>d<span class=\"_ _41\"> </span>manutenzione. <span class=\"_ _4\"></span>La <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>lease <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>inclusa <span class=\"_ _5\"></span>n<span class=\"_ _4\"></span>ell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _a\"></span>use <span class=\"_ _5\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>componente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>non<span class=\"_ _41\"> </span>lease vie<span class=\"_ _1\"></span>ne imputat<span class=\"_ _1\"></span>a a cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali<span class=\"_ _41\"> </span>Le Attivi<span class=\"_ _1\"></span>t\u00e0 imma<span class=\"_ _1\"></span>teriali sono c<span class=\"_ _1\"></span>ostituite<span class=\"_ _1\"></span> da elementi non monet<span class=\"_ _1\"></span>ari, iden<span class=\"_ _1\"></span>tificabili e pri<span class=\"_ _1\"></span>vi di consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a fisica<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollabili e a<span class=\"_ _1\"></span>tti a gener<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e benefici eco<span class=\"_ _1\"></span>nomici futuri. T<span class=\"_ _6\"></span>ali<span class=\"_ _1\"></span> elementi sono ril<span class=\"_ _1\"></span>evati<span class=\"_ _1\"></span> al cost<span class=\"_ _1\"></span>o di acquis<span class=\"_ _1\"></span>to o d<span class=\"_ _41\"> </span>produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _10\"> </span>compr<span class=\"_ _1\"></span>ensivo <span class=\"_ _9\"> </span>degli <span class=\"_ _10\"> </span>oneri <span class=\"_ _9\"> </span>accessori <span class=\"_ _9\"> </span>di  dir<span class=\"_ _1\"></span>etta<span class=\"_ _1\"></span>  imp<span class=\"_ _1\"></span>utazione <span class=\"_ _9\"> </span>necessari <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>render<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>disponibili per <span class=\"_ _4\"></span>l\u2019<span class=\"_ _1\"></span>uso, <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>amenti cumulati (ad <span class=\"_ _4\"></span>eccezione delle <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _1\"></span>teriali a <span class=\"_ _4\"></span>vita<span class=\"_ _41\"> </span>utile <span class=\"_ _4\"></span>indefinit<span class=\"_ _1\"></span>a) <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>eve<span class=\"_ _1\"></span>ntuali <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _5\"></span>acquisite <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttra<span class=\"_ _1\"></span>verso <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azion<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>imprese<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>quali <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sono <span class=\"_ _12\"> </span>iscritte <span class=\"_ _12\"> </span>al <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _12\"> </span>equo <span class=\"_ _12\"> </span>definito <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>data <span class=\"_ _12\"> </span>di<span class=\"_ _41\"> </span>acquisizione, se <span class=\"_ _4\"></span>tale valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pu\u00f2 <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminato in <span class=\"_ _4\"></span>modo <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>endibile. L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>odotte<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>ernamente <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _b\"></span>rilev<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>Conto <span class=\"_ _a\"></span>Ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enute.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>ha <span class=\"_ _1\"></span>inizio <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>disponibile <span class=\"_ _6\"></span>all\u2019uso <span class=\"_ _6\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>ripartito <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>ticament<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>in re<span class=\"_ _1\"></span>lazione alla r<span class=\"_ _1\"></span>esidua possibilit<span class=\"_ _1\"></span>\u00e0 di utilizza<span class=\"_ _1\"></span>zione della st<span class=\"_ _1\"></span>essa. La vita<span class=\"_ _1\"></span> utile delle attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali \u00e8 v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>a come defi<span class=\"_ _1\"></span>nita o indefi<span class=\"_ _1\"></span>nita.<span class=\"_ _41\"> </span>Le <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mmateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>a <span class=\"_ _a\"></span>vita <span class=\"_ _b\"></span>utile <span class=\"_ _b\"></span>definita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sono <span class=\"_ _b\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _b\"></span>lungo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _b\"></span>vita <span class=\"_ _a\"></span>utile<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>ta e <span class=\"_ _1\"></span>sottopost<span class=\"_ _1\"></span>e a t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abilit\u00e0<span class=\"_ _1\"></span> (impairment <span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>t) qualor<span class=\"_ _1\"></span>a vi siano <span class=\"_ _1\"></span>indicazioni <span class=\"_ _1\"></span>di una possibile<span class=\"_ _41\"> </span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e. La <span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>a utile<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>esidua v<span class=\"_ _1\"></span>iene <span class=\"_ _1\"></span>riesaminata<span class=\"_ _1\"></span> alla <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ciascun e<span class=\"_ _1\"></span>sercizio <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>se neces<span class=\"_ _1\"></span>sario. Le v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>della vi<span class=\"_ _1\"></span>ta utile <span class=\"_ _1\"></span>attesa <span class=\"_ _1\"></span>o delle modal<span class=\"_ _1\"></span>it\u00e0 c<span class=\"_ _1\"></span>on cui <span class=\"_ _1\"></span>i futuri <span class=\"_ _1\"></span>benefici e<span class=\"_ _1\"></span>conomici le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 imma<span class=\"_ _1\"></span>teriale sono conseg<span class=\"_ _1\"></span>uiti dal Gruppo v<span class=\"_ _1\"></span>engono rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> mod<span class=\"_ _4\"></span>ific<span class=\"_ _1\"></span>ando il periodo e/<span class=\"_ _1\"></span>o il met<span class=\"_ _1\"></span>odo<span class=\"_ _41\"> </span>di ammorta<span class=\"_ _1\"></span>mento e tr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome modifiche delle<span class=\"_ _1\"></span> stime cont<span class=\"_ _1\"></span>abili. Gli utili o le per<span class=\"_ _1\"></span>dite deriv<span class=\"_ _1\"></span>anti dall\u2019<span class=\"_ _6\"></span>alie<span class=\"_ _1\"></span>nazione di un bene immate<span class=\"_ _1\"></span>riale sono misura<span class=\"_ _1\"></span>ti come la diff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nza fra<span class=\"_ _41\"> </span>il <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vo <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>conta<span class=\"_ _1\"></span>bile <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>moment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span>enaz<span class=\"_ _1\"></span>ione. La valuta<span class=\"_ _1\"></span>zione viene eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a consid<span class=\"_ _1\"></span>erando i principi d<span class=\"_ _1\"></span>efiniti nell\u2019IF<span class=\"_ _1\"></span>RS 15.<span class=\"_ _41\"> </span>Le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _1\"></span>con vi<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>utile in<span class=\"_ _1\"></span>definita<span class=\"_ _1\"></span> non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggetta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ad am<span class=\"_ _1\"></span>mortame<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>matico <span class=\"_ _1\"></span>bens<span class=\"_ _41\"> </span>ad una v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one almeno <span class=\"_ _1\"></span>annuale volt<span class=\"_ _1\"></span>a a indiv<span class=\"_ _1\"></span>iduare e<span class=\"_ _1\"></span>ventuali <span class=\"_ _1\"></span>perdit<span class=\"_ _1\"></span>e di v<span class=\"_ _1\"></span>alore (impairmen<span class=\"_ _1\"></span>t tes<span class=\"_ _1\"></span>t), sia a<span class=\"_ _41\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>indiv<span class=\"_ _1\"></span>iduale sia a <span class=\"_ _4\"></span>liv<span class=\"_ _1\"></span>ello <span class=\"_ _4\"></span>di unit\u00e0 genera<span class=\"_ _1\"></span>trice di fluss<span class=\"_ _4\"></span>i di cassa<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale cambiament<span class=\"_ _1\"></span>o da <span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ta utile<span class=\"_ _41\"> </span>indefinit<span class=\"_ _1\"></span>a a vita <span class=\"_ _1\"></span>utile definit<span class=\"_ _1\"></span>a viene applic<span class=\"_ _1\"></span>ato su ba<span class=\"_ _1\"></span>se prospettic<span class=\"_ _1\"></span>a. Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>iscri<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>eccezione <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>vviamento <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>erivant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>operazi<span class=\"_ _1\"></span>on<span class=\"_ _41\"> </span>di aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one aziendale. L<span class=\"_ _2\"></span>\u2019<span class=\"_ _6\"></span>avviament<span class=\"_ _1\"></span>o \u00e8 cla<span class=\"_ _1\"></span>ssificat<span class=\"_ _1\"></span>o come <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriale a<span class=\"_ _1\"></span> vita <span class=\"_ _1\"></span>utile indefi<span class=\"_ _1\"></span>nita e<span class=\"_ _1\"></span>d \u00e8<span class=\"_ _41\"> </span>inizialmen<span class=\"_ _1\"></span>te cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato al cost<span class=\"_ _1\"></span>o<span class=\"ff3\"> </span>e <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e assog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ettat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one, almeno <span class=\"_ _4\"></span>ann<span class=\"_ _1\"></span>uale, volta<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>individuare <span class=\"_ _4\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(si <span class=\"_ _5\"></span>rinv<span class=\"_ _1\"></span>ia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>merito <span class=\"_ _4\"></span>quant<span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>riporta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>successivo <span class=\"_ _4\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>5<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>\u201c<span class=\"ff8\">Riduzione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>d<span class=\"_ _4\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>impairment) <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>unit\u00e0 <span class=\"_ _b\"> </span>generatrici <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>cassa<span class=\"ff2\">\u201d). <span class=\"_ _b\"></span>Non <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _41\"> </span></span></span>consentit<span class=\"_ _1\"></span>o il ripris<span class=\"_ _1\"></span>tino di valor<span class=\"_ _1\"></span>e nel ca<span class=\"_ _1\"></span>so d<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>una precede<span class=\"_ _1\"></span>nte s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione per per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore.<span class=\"_ _41\"> </span>Rimanenze Le <span class=\"_ _1\"></span>rimanenze<span class=\"_ _1\"></span>, r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>sentat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parti di <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>mbio r<span class=\"_ _1\"></span>elative<span class=\"_ _1\"></span> agl<span class=\"_ _1\"></span>i impian<span class=\"_ _1\"></span>ti ed <span class=\"_ _1\"></span>appar<span class=\"_ _1\"></span>ecchiatur<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>per il con<span class=\"_ _1\"></span>trollo del tr<span class=\"_ _1\"></span>affico a<span class=\"_ _1\"></span>ereo<span class=\"_ _1\"></span>, sono iscritte al minor<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>a il cos<span class=\"_ _1\"></span>to ed il va<span class=\"_ _1\"></span>lore nett<span class=\"_ _1\"></span>o di realizz<span class=\"_ _1\"></span>o. Il cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>in <span class=\"_ _c\"> </span>base <span class=\"_ _12\"> </span>alla <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>ormula <span class=\"_ _c\"> </span>del <span class=\"_ _12\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>medio <span class=\"_ _12\"> </span>pondera<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _c\"> </span>gli<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>oneri <span class=\"_ _c\"> </span>acce<span class=\"_ _1\"></span>ssori <span class=\"_ _c\"> </span>di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza. <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>ali <span class=\"_ _7\"> </span>rimanenz<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>se <span class=\"_ _12\"> </span>non <span class=\"_ _7\"> </span>pi\u00f9 <span class=\"_ _7\"> </span>utilizza<span class=\"_ _1\"></span>bili <span class=\"_ _12\"> </span>in <span class=\"_ _7\"> </span>quant<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>obsolet<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>vengono <span class=\"_ _7\"> </span>sv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>tramit<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>anziament<span class=\"_ _1\"></span>o nell\u2019<span class=\"_ _6\"></span>apposito <span class=\"_ _1\"></span>fondo sv<span class=\"_ _1\"></span>alut<span class=\"_ _1\"></span>azione mag<span class=\"_ _1\"></span>azzino a rettific<span class=\"_ _1\"></span>a dirett<span class=\"_ _1\"></span>a del v<span class=\"_ _1\"></span>alore dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>atti<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Part<span class=\"_ _1\"></span>ecipazioni in altre i<span class=\"_ _1\"></span>mprese Le partecipazioni in altre impre<span class=\"_ _1\"></span>se, <span class=\"_ _4\"></span>che rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>trumenti rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ativi di capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono valuta<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>al f<span class=\"_ _1\"></span>air value<span class=\"_ _1\"></span>. Il <span class=\"_ _1\"></span>Gruppo ha <span class=\"_ _1\"></span>scelto <span class=\"_ _1\"></span>irrevoc<span class=\"_ _1\"></span>abilment<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>imputar<span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span> va<span class=\"_ _1\"></span>ri<span class=\"_ _4\"></span>azi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>altre c<span class=\"_ _1\"></span>omponenti <span class=\"_ _1\"></span>di con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>comple<span class=\"_ _1\"></span>ssivo,  ovvero <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>una <span class=\"_ _12\"> </span>specific<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>riserva <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>patrimonio <span class=\"_ _7\"> </span>netto<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>s<span class=\"_ _4\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>rigiro <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o. Attivit<span class=\"_ _1\"></span>\u00e0 finanziari<span class=\"_ _1\"></span>e Al <span class=\"_ _5\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _4\"></span>rilevazione <span class=\"_ _4\"></span>iniziale, <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>classifica<span class=\"_ _1\"></span>te, <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>conda <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>casi, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>base<span class=\"_ _41\"> </span>alle <span class=\"_ _9\"> </span>successive <span class=\"_ _9\"> </span>modalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>misura<span class=\"_ _1\"></span>zione, <span class=\"_ _9\"> </span>cio\u00e8: <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>ammortizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>al <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _9\"> </span>value <span class=\"_ _9\"> </span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>nel <span class=\"_ _10\"> </span>cont<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mplessivo (OCI) e <span class=\"_ _4\"></span>al f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>to nel <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>conomico. La <span class=\"_ _4\"></span>cla<span class=\"_ _1\"></span>ssificazione delle attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>iniziale <span class=\"_ _6\"></span>dipende <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>car<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>eristiche <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>flussi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ssa <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie e <span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>modello di busine<span class=\"_ _1\"></span>ss che il <span class=\"_ _1\"></span>Gruppo usa per <span class=\"_ _1\"></span>la loro g<span class=\"_ _1\"></span>estione. Ad <span class=\"_ _1\"></span>eccezione dei<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>diti <span class=\"_ _7\"> </span>commer<span class=\"_ _1\"></span>ciali  che  non <span class=\"_ _7\"> </span>cont<span class=\"_ _1\"></span>engono  una  componen<span class=\"_ _1\"></span>te  di <span class=\"_ _7\"> </span>finanziamen<span class=\"_ _1\"></span>to  significa<span class=\"_ _1\"></span>tiva,  il  Gruppo<span class=\"_ _41\"> </span>inizialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta <span class=\"_ _4\"></span>un'a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>finanziaria <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>suo <span class=\"_ _4\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ementa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dai <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>ansazione, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>so<span class=\"_ _41\"> </span>di <span class=\"_ _b\"></span>un'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>anzi<span class=\"_ _1\"></span>aria <span class=\"_ _b\"></span>non <span class=\"_ _b\"> </span>al <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ue <span class=\"_ _9\"> </span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>nel<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>economico. <span class=\"_ _b\"></span>I <span class=\"_ _b\"></span>crediti<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span>commerciali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>che <span class=\"_ _a\"></span>non<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>engono <span class=\"_ _12\"> </span>un<span class=\"_ _4\"></span>a <span class=\"_ _12\"> </span>compone<span class=\"_ _1\"></span>nte <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>signific<span class=\"_ _1\"></span>ativa <span class=\"_ _12\"> </span>o <span class=\"_ _c\"> </span>per <span class=\"_ _12\"> </span>i <span class=\"_ _c\"> </span>quali <span class=\"_ _c\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _c\"> </span>ha <span class=\"_ _c\"> </span>appli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>espedient<span class=\"_ _1\"></span>e pra<span class=\"_ _1\"></span>tico sono va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>ti al prezz<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione det<span class=\"_ _1\"></span>erminato <span class=\"_ _1\"></span>se<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ondo l'IFRS <span class=\"_ _1\"></span>15. Affinch\u00e9 <span class=\"_ _a\"></span>un'a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ria <span class=\"_ _a\"></span>possa <span class=\"_ _a\"></span>essere<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>classificat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>valut<span class=\"_ _1\"></span>ata <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ato <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>OCI<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>deve<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>enerar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>flussi <span class=\"_ _9\"> </span>finanziari <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>dipendono <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>olamen<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>dal <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>dagli <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>essi<span class=\"_ _41\"> </span>sull\u2019importo del<span class=\"_ _1\"></span> capitale<span class=\"_ _1\"></span> da res<span class=\"_ _1\"></span>tituire (cosiddetto Sole<span class=\"_ _1\"></span>ly Pa<span class=\"_ _1\"></span>yments of Princi<span class=\"_ _1\"></span>pal and Inter<span class=\"_ _1\"></span>est <span class=\"_ _1c\"></span>- S<span class=\"_ _4\"></span>PPI). Ques<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione \u00e8 indic<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>ome tes<span class=\"_ _1\"></span>t SPPI e viene eseguit<span class=\"_ _1\"></span>a a livell<span class=\"_ _1\"></span>o di strument<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Il modello di busi<span class=\"_ _1\"></span>ness del Gruppo pe<span class=\"_ _1\"></span>r la gestione del<span class=\"_ _1\"></span>le attivi<span class=\"_ _1\"></span>t\u00e0 finanziarie rigua<span class=\"_ _1\"></span>rda il modo<span class=\"_ _1\"></span> in cui vengono<span class=\"_ _41\"> </span>ges<span class=\"_ _1\"></span>tite <span class=\"_ _4\"></span>le attivit\u00e0 finanziarie <span class=\"_ _4\"></span>al fine <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>are flussi <span class=\"_ _4\"></span>finanziari. <span class=\"_ _4\"></span>Il modello <span class=\"_ _4\"></span>aziendale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>determina se <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi<span class=\"_ _41\"> </span>finanziari <span class=\"_ _1\"></span>deriver<span class=\"_ _1\"></span>anno dal<span class=\"_ _1\"></span>la r<span class=\"_ _1\"></span>accolta <span class=\"_ _1\"></span>di fl<span class=\"_ _1\"></span>uss<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>attuali, <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>vendita <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _1\"></span> o<span class=\"_ _41\"> </span>da entr<span class=\"_ _1\"></span>ambi. Il Gruppo de<span class=\"_ _1\"></span>tiene le pr<span class=\"_ _1\"></span>oprie attivit<span class=\"_ _1\"></span>\u00e0 finanziarie fino a sc<span class=\"_ _1\"></span>adenza.<span class=\"_ _41\"> </span>Ai fi<span class=\"_ _1\"></span>ni della <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _1\"></span>successiva, <span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>possono <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>classific<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> in qua<span class=\"_ _1\"></span>ttro <span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>egorie <span class=\"_ _1\"></span>in<span class=\"_ _41\"> </span>accor<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>on IFR<span class=\"_ _1\"></span>S 9: <span class=\"_ _1\"></span>i) A<span class=\"_ _1\"></span>ttivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie al <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to a<span class=\"_ _1\"></span>mmortizza<span class=\"_ _1\"></span>to (<span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di de<span class=\"_ _1\"></span>bito); <span class=\"_ _1\"></span>ii) <span class=\"_ _1\"></span>Attivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _41\"> </span>al <span class=\"_ _9\"> </span>fai<span class=\"_ _1\"></span>r  v<span class=\"_ _1\"></span>alue <span class=\"_ _9\"> </span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>nel <span class=\"_ _9\"> </span>conto <span class=\"_ _9\"> </span>economico <span class=\"_ _9\"> </span>comples<span class=\"_ _1\"></span>sivo <span class=\"_ _10\"> </span>con <span class=\"_ _9\"> </span>riclassific<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>degli <span class=\"_ _9\"> </span>utili <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>dite <span class=\"_ _9\"> </span>cumulate<span class=\"_ _41\"> </span>(s<span class=\"_ _1\"></span>trumenti <span class=\"_ _4\"></span>di debito); <span class=\"_ _4\"></span>iii<span class=\"_ _1\"></span>) <span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue rilevat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto economico complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>senz<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>rigir<span class=\"_ _1\"></span>o degli utili e pe<span class=\"_ _1\"></span>rdite<span class=\"_ _1\"></span> cumulate<span class=\"_ _1\"></span> nel moment<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>eliminazione (<span class=\"_ _1\"></span>strumenti r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>sentativ<span class=\"_ _1\"></span>i di capita<span class=\"_ _1\"></span>le);<span class=\"_ _41\"> </span>iv) A<span class=\"_ _1\"></span>ttivit\u00e0 finanzi<span class=\"_ _1\"></span>arie al f<span class=\"_ _1\"></span>air value rile<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>e a cont<span class=\"_ _1\"></span>o economico. Il Gruppo iscriv<span class=\"_ _1\"></span>e principalmen<span class=\"_ _1\"></span>te le tipologie di a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>finanziarie descritte<span class=\"_ _1\"></span> ai punti i) e i<span class=\"_ _1\"></span>ii) sopra riport<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Il  Gruppo  valuta  le  attivit<span class=\"_ _1\"></span>\u00e0  finanziarie  al  costo  ammortizz<span class=\"_ _1\"></span>ato  se  entra<span class=\"_ _1\"></span>mbi  i <span class=\"_ _7\"> </span>seguenti  re<span class=\"_ _1\"></span>quisiti  s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span>soddisf<span class=\"_ _1\"></span>atti:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l'attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>finanziaria <span class=\"_ _4\"></span>\u00e8 posseduta nel <span class=\"_ _4\"></span>quadro <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>modello <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>busines<span class=\"_ _1\"></span>s <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>possesso <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span></span></span>attivit<span class=\"_ _1\"></span>\u00e0 finanziarie final<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>to alla r<span class=\"_ _1\"></span>accolta dei<span class=\"_ _1\"></span> flussi finanziari con<span class=\"_ _1\"></span>trattua<span class=\"_ _1\"></span>li e<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _17\"> </span>termini <span class=\"_ _25\"> </span>contr<span class=\"_ _1\"></span>attuali <span class=\"_ _25\"> </span>dell'attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _17\"> </span>finanziaria <span class=\"_ _25\"> </span>prevedono <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>deter<span class=\"_ _1\"></span>minate <span class=\"_ _25\"> </span>date<span class=\"_ _1\"></span> <span class=\"_ _2b\"> </span>flussi <span class=\"_ _25\"> </span>finanziari<span class=\"_ _41\"> </span></span></span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ati <span class=\"_ _9\"> </span>unicament<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>da <span class=\"_ _9\"> </span>pagamen<span class=\"_ _1\"></span>ti <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>capita<span class=\"_ _1\"></span>le <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>dell'int<span class=\"_ _1\"></span>eresse <span class=\"_ _9\"> </span>sull'importo <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>capitale<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>da<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>stituire<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le <span class=\"_ _c\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _c\"> </span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>succes<span class=\"_ _1\"></span>sivament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>valut<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>criterio<span class=\"_ _41\"> </span>dell\u2019int<span class=\"_ _1\"></span>eresse <span class=\"_ _b\"></span>eff<span class=\"_ _1\"></span>ettivo <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _9\"> </span>sogg<span class=\"_ _1\"></span>ette <span class=\"_ _b\"></span>ad <span class=\"_ _9\"> </span>impair<span class=\"_ _1\"></span>ment. <span class=\"_ _b\"></span>Gli <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>tili <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>vengono <span class=\"_ _b\"></span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>quando<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>elimina<span class=\"_ _1\"></span>ta, <span class=\"_ _9\"> </span>mo<span class=\"_ _1\"></span>dificat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>o <span class=\"_ _9\"> </span>riv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>ta. <span class=\"_ _b\"></span>Nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>Bi<span class=\"_ _1\"></span>lancio <span class=\"_ _9\"> </span>Consolida<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>rientr<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>cat<span class=\"_ _1\"></span>egoria <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>guenti <span class=\"_ _4\"></span>voci <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>bilancio: <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _41\"> </span>finanziar<span class=\"_ _1\"></span>e corr<span class=\"_ _1\"></span>enti e non corr<span class=\"_ _1\"></span>enti, i cre<span class=\"_ _1\"></span>diti commerci<span class=\"_ _1\"></span>ali corr<span class=\"_ _1\"></span>enti e non corr<span class=\"_ _1\"></span>enti e le<span class=\"_ _1\"></span> altre attivit<span class=\"_ _1\"></span>\u00e0 corren<span class=\"_ _1\"></span>ti e<span class=\"_ _41\"> </span>non corr<span class=\"_ _1\"></span>enti.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _b\"></span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _b\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>rile<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>nel <span class=\"_ _b\"> </span>conto <span class=\"_ _b\"></span>economico <span class=\"_ _a\"></span>complessivo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>riguardanti <span class=\"_ _b\"></span>str<span class=\"_ _1\"></span>umenti<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativi di ca<span class=\"_ _1\"></span>pitale, il<span class=\"_ _1\"></span> Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po ha eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o la scelt<span class=\"_ _1\"></span>a irrevoc<span class=\"_ _1\"></span>abile, in sede di prima applic<span class=\"_ _1\"></span>azione del<span class=\"_ _41\"> </span>principio <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>9, <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>imput<span class=\"_ _1\"></span>are <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>comple<span class=\"_ _1\"></span>ssivo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>essendo <span class=\"_ _6\"></span>soddisf<span class=\"_ _1\"></span>atta<span class=\"_ _41\"> </span>la <span class=\"_ _7\"> </span>definizione  di <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>trumento  rappr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _7\"> </span>ai <span class=\"_ _7\"> </span>sensi <span class=\"_ _7\"> </span>dello <span class=\"_ _7\"> </span>IAS <span class=\"_ _7\"> </span>32 <span class=\"_ _7\"> </span>\u201cStrumenti<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>finanzia<span class=\"_ _1\"></span>ri:<span class=\"_ _41\"> </span>Pr<span class=\"_ _1\"></span>esentazi<span class=\"_ _1\"></span>one\u201d <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>poic<span class=\"_ _1\"></span>h\u00e9 <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>trumento <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>detenut<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>negozi<span class=\"_ _1\"></span>azione. <span class=\"_ _1\"></span>La <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminata<span class=\"_ _41\"> </span>a livel<span class=\"_ _1\"></span>lo di singolo strumen<span class=\"_ _1\"></span>to.<span class=\"_ _41\"> </span>Gli utili e le per<span class=\"_ _1\"></span>dite c<span class=\"_ _1\"></span>onseguite su t<span class=\"_ _1\"></span>ali attivit<span class=\"_ _1\"></span>\u00e0 finanziarie non ve<span class=\"_ _1\"></span>ngono mai rigir<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>l conto ec<span class=\"_ _1\"></span>onomico. I <span class=\"_ _b\"></span>dividendi <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevati <span class=\"_ _a\"></span>come <span class=\"_ _b\"></span>altri <span class=\"_ _b\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>nel <span class=\"_ _b\"> </span>conto <span class=\"_ _b\"></span>economico <span class=\"_ _a\"></span>quando <span class=\"_ _b\"> </span>il <span class=\"_ _9\"> </span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>pagamen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>deliber<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, salvo quando il Gruppo benefi<span class=\"_ _1\"></span>cia di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali pr<span class=\"_ _1\"></span>oventi come r<span class=\"_ _1\"></span>ecupero<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>part<span class=\"_ _1\"></span>e del cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziaria, <span class=\"_ _1\"></span>nel qual <span class=\"_ _1\"></span>caso t<span class=\"_ _1\"></span>ali utili<span class=\"_ _1\"></span> sono rilev<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>n OCI. Gli<span class=\"_ _1\"></span> strumen<span class=\"_ _1\"></span>ti r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tativi<span class=\"_ _1\"></span> di c<span class=\"_ _1\"></span>apitale <span class=\"_ _1\"></span>iscritti al <span class=\"_ _1\"></span>fair<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue rileva<span class=\"_ _1\"></span>to in OCI non sono sogge<span class=\"_ _1\"></span>tti a impairment t<span class=\"_ _1\"></span>est.<span class=\"_ _41\"> </span>Il <span class=\"_ _10\"> </span>Gruppo  ha <span class=\"_ _10\"> </span>scelt<span class=\"_ _1\"></span>o  di <span class=\"_ _10\"> </span>classific<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>irrevoca<span class=\"_ _1\"></span>bilmente <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>pr<span class=\"_ _1\"></span>oprie  parte<span class=\"_ _1\"></span>cipazioni  n<span class=\"_ _1\"></span>on  quota<span class=\"_ _1\"></span>te <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>quest<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>ca<span class=\"_ _1\"></span>tegoria e di imput<span class=\"_ _1\"></span>are c<span class=\"_ _1\"></span>onseguent<span class=\"_ _1\"></span>emente<span class=\"_ _1\"></span> gli adeguamenti al f<span class=\"_ _1\"></span>air val<span class=\"_ _1\"></span>ue in OCI. Il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore conta<span class=\"_ _1\"></span>bile <span class=\"_ _4\"></span>delle attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>finanziarie, non <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tropartit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to economico<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>viene <span class=\"_ _6\"></span>ridotto <span class=\"_ _1\"></span>dal <span class=\"_ _6\"></span>nuovo <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>basato <span class=\"_ _6\"></span>sulla <span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ese <span class=\"_ _1\"></span>(e<span class=\"_ _1\"></span>xpected<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>dit <span class=\"_ _1\"></span>losses) <span class=\"_ _1\"></span>intr<span class=\"_ _1\"></span>odotto <span class=\"_ _6\"></span>dal <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>IFRS <span class=\"_ _6\"></span>9. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>esuppone <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttese<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ondata <span class=\"_ _10\"> </span>sulla  s<span class=\"_ _1\"></span>tima <span class=\"_ _10\"> </span>della <span class=\"_ _10\"> </span>probabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _10\"> </span>di  def<span class=\"_ _1\"></span>ault, <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a  per<span class=\"_ _1\"></span>centuale<span class=\"_ _1\"></span>  di  perdit<span class=\"_ _1\"></span>a  in <span class=\"_ _10\"> </span>ca<span class=\"_ _1\"></span>so  di  insol<span class=\"_ _1\"></span>venz<span class=\"_ _1\"></span>a  e<span class=\"_ _41\"> </span>sull\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>finanziaria. <span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>utativi <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>ti <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>dati <span class=\"_ _6\"></span>storici, <span class=\"_ _6\"></span>elementi<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orward-l<span class=\"_ _1\"></span>ooking ed infor<span class=\"_ _1\"></span>mazioni re<span class=\"_ _1\"></span>peribili da inf<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oviders, qualor<span class=\"_ _1\"></span>a otte<span class=\"_ _1\"></span>nibili senz<span class=\"_ _1\"></span>a costi spr<span class=\"_ _1\"></span>oposita<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>talune <span class=\"_ _4\"></span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>ammortizzat<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>quali <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>contra<span class=\"_ _1\"></span>ct<span class=\"_ _41\"> </span>assets, <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>Gruppo <span class=\"_ _c\"> </span>adotta <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>occio <span class=\"_ _c\"> </span>semplifica<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>al <span class=\"_ _d\"> </span>nuo<span class=\"_ _1\"></span>vo <span class=\"_ _d\"> </span>mode<span class=\"_ _1\"></span>llo <span class=\"_ _d\"> </span>di <span class=\"_ _c\"> </span>impairmen<span class=\"_ _1\"></span>t. <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>modello<span class=\"_ _41\"> </span>semplific<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>\u00e8 f<span class=\"_ _1\"></span>ondat<span class=\"_ _1\"></span>o sulla <span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tione a <span class=\"_ _1\"></span>portaf<span class=\"_ _1\"></span>oglio <span class=\"_ _1\"></span>delle posizioni <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>ditorie <span class=\"_ _1\"></span>e sulla <span class=\"_ _1\"></span>suddivisi<span class=\"_ _1\"></span>one dei <span class=\"_ _1\"></span>crediti<span class=\"_ _41\"> </span>in <span class=\"_ _1\"></span>specifici <span class=\"_ _1\"></span>clust<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>che t<span class=\"_ _1\"></span>enga<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> peculi<span class=\"_ _1\"></span>arit\u00e0 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>business, <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tatus <span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span>ativo <span class=\"_ _6\"></span>del cli<span class=\"_ _1\"></span>ente, <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ascia di scaduto<span class=\"_ _1\"></span> e dello specific<span class=\"_ _1\"></span>o conte<span class=\"_ _1\"></span>sto normati<span class=\"_ _1\"></span>vo di rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span>. Qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>di una perdit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttesa rilevat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>in passat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>si riduca e <span class=\"_ _4\"></span>la diminuzione pu\u00f2 <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ollega<span class=\"_ _1\"></span>ta a<span class=\"_ _41\"> </span>un ev<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>verific<span class=\"_ _1\"></span>atosi <span class=\"_ _1\"></span>successivamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>alla ril<span class=\"_ _1\"></span>evazione <span class=\"_ _1\"></span>della per<span class=\"_ _1\"></span>dita <span class=\"_ _1\"></span>di v<span class=\"_ _1\"></span>alore, <span class=\"_ _1\"></span>essa vie<span class=\"_ _1\"></span>ne river<span class=\"_ _1\"></span>sata<span class=\"_ _1\"></span> a <span class=\"_ _1\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Le <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rimosse <span class=\"_ _a\"></span>dallo <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>patrimoniale <span class=\"_ _4\"></span>quando <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>diritto <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>ricev<span class=\"_ _1\"></span>ere <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa<span class=\"_ _41\"> </span>dello s<span class=\"_ _1\"></span>trumento <span class=\"_ _1\"></span>si \u00e8 es<span class=\"_ _1\"></span>tinto<span class=\"_ _1\"></span>, ovver<span class=\"_ _1\"></span>o sono s<span class=\"_ _1\"></span>tati <span class=\"_ _1\"></span>sostanzi<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span> tras<span class=\"_ _1\"></span>feriti <span class=\"_ _1\"></span>tutti i rischi e<span class=\"_ _1\"></span> benefici r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>i allo<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>to st<span class=\"_ _1\"></span>esso.<span class=\"_ _41\"> </span>Disponibilit<span class=\"_ _1\"></span>\u00e0 liquide e me<span class=\"_ _1\"></span>zzi equivalenti Le <span class=\"_ _5\"></span>disponibilit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>liquide <span class=\"_ _4\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>mezzi <span class=\"_ _5\"></span>equiv<span class=\"_ _1\"></span>alenti <span class=\"_ _5\"></span>includono <span class=\"_ _4\"></span>la <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>depositi <span class=\"_ _5\"></span>bancari <span class=\"_ _4\"></span>disponibili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>altr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>vesti<span class=\"_ _1\"></span>mento a <span class=\"_ _4\"></span>br<span class=\"_ _1\"></span>eve <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _4\"></span>non eccedenti i <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>mesi <span class=\"_ _4\"></span>e pron<span class=\"_ _1\"></span>tament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>vertibili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>ssa. <span class=\"_ _4\"></span>Alla<span class=\"_ _41\"> </span>dat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>scoperti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>corre<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classific<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>finanziari<span class=\"_ _1\"></span> nel<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti<span class=\"_ _41\"> </span>della situazi<span class=\"_ _1\"></span>one patrimoniale fina<span class=\"_ _1\"></span>nziaria consolidat<span class=\"_ _1\"></span>a. Strumenti fina<span class=\"_ _1\"></span>nziari derivati Un deriv<span class=\"_ _1\"></span>ato \u00e8 uno s<span class=\"_ _1\"></span>trument<span class=\"_ _1\"></span>o finanziario o un altr<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>o che presen<span class=\"_ _1\"></span>ta le se<span class=\"_ _1\"></span>guenti car<span class=\"_ _1\"></span>atteris<span class=\"_ _1\"></span>tiche:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il  v<span class=\"_ _1\"></span>alore <span class=\"_ _10\"> </span>cambia <span class=\"_ _10\"> </span>in  r<span class=\"_ _1\"></span>elazione <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>variazi<span class=\"_ _1\"></span>oni  di  u<span class=\"_ _1\"></span>n  par<span class=\"_ _1\"></span>ametro<span class=\"_ _1\"></span>  definit<span class=\"_ _1\"></span>o  underlying,  q<span class=\"_ _1\"></span>uale  ta<span class=\"_ _1\"></span>sso  di<span class=\"_ _41\"> </span></span></span>int<span class=\"_ _1\"></span>eresse, prezz<span class=\"_ _1\"></span>o di un <span class=\"_ _4\"></span>titol<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o di una <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>ce, tasso di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambio in <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta est<span class=\"_ _1\"></span>era, indice di prezzi o <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi,<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ting di un credit<span class=\"_ _1\"></span>o o altr<span class=\"_ _1\"></span>a va<span class=\"_ _1\"></span>riabile;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>inizi<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>ero<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>minore di <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _4\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>con<span class=\"_ _41\"> </span></span></span>una rispos<span class=\"_ _1\"></span>ta simile ai<span class=\"_ _1\"></span> cambiamen<span class=\"_ _1\"></span>ti delle condizioni <span class=\"_ _1\"></span>di merc<span class=\"_ _1\"></span>ato;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">verr<span class=\"_ _1\"></span>\u00e0 regola<span class=\"_ _1\"></span>to ad una da<span class=\"_ _1\"></span>ta futur<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span></span></span>Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _4\"></span>finanziari <span class=\"_ _5\"></span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>stipulati <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>ppresen<span class=\"_ _1\"></span>tati <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tti <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>con finalit<span class=\"_ _1\"></span>\u00e0 di c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> del rischio di c<span class=\"_ _1\"></span>ambio. All<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>avvio di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>razione di<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a, il Gruppo<span class=\"_ _1\"></span> designa e<span class=\"_ _41\"> </span>document<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>ormalment<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>rapporto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>copertura, <span class=\"_ _9\"> </span>cui <span class=\"_ _9\"> </span>inte<span class=\"_ _1\"></span>nde <span class=\"_ _10\"> </span>applica<span class=\"_ _1\"></span>re <span class=\"_ _9\"> </span>l\u2019hedge <span class=\"_ _10\"> </span>acc<span class=\"_ _1\"></span>ounting, <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>propri<span class=\"_ _41\"> </span>obiettivi nella<span class=\"_ _1\"></span> gestione del<span class=\"_ _1\"></span> rischio e la str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egia persegu<span class=\"_ _1\"></span>ita, coe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>emente<span class=\"_ _1\"></span> con IFRS 9.<span class=\"_ _41\"> </span>La documen<span class=\"_ _1\"></span>tazione pr<span class=\"_ _1\"></span>edispos<span class=\"_ _1\"></span>ta in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al princi<span class=\"_ _1\"></span>pio IFRS 9 incl<span class=\"_ _1\"></span>ude l\u2019identific<span class=\"_ _1\"></span>azione dello s<span class=\"_ _1\"></span>trumento<span class=\"_ _41\"> </span>di copertu<span class=\"_ _1\"></span>ra, <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>element<span class=\"_ _1\"></span>o c<span class=\"_ _1\"></span>operto, <span class=\"_ _1\"></span>della na<span class=\"_ _1\"></span>tura <span class=\"_ _1\"></span>del rischio <span class=\"_ _1\"></span>e delle <span class=\"_ _1\"></span>modalit\u00e0 <span class=\"_ _1\"></span>con cu<span class=\"_ _1\"></span>i il Grupp<span class=\"_ _1\"></span>o valut<span class=\"_ _1\"></span>a se <span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>sod<span class=\"_ _1\"></span>disfi <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>equisiti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>efficacia <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>copertura <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>essa. <span class=\"_ _9\"> </span>La <span class=\"_ _b\"></span>rel<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>soddisf<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>criteri <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>ammissibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>contabil<span class=\"_ _1\"></span>izzazi<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>copertura<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>presen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>tutti i seguen<span class=\"_ _1\"></span>ti requisiti <span class=\"_ _1\"></span>di efficacia del<span class=\"_ _1\"></span>la copertur<span class=\"_ _1\"></span>a:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">vi \u00e8 un r<span class=\"_ _1\"></span>apporto econ<span class=\"_ _1\"></span>omico tr<span class=\"_ _1\"></span>a l'element<span class=\"_ _1\"></span>o coperto e lo<span class=\"_ _1\"></span> strument<span class=\"_ _1\"></span>o di copertur<span class=\"_ _1\"></span>a;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l'eff<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>credi<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>evale <span class=\"_ _5\"></span>sulle <span class=\"_ _a\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _5\"></span>risultanti <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>detto <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporto<span class=\"_ _41\"> </span></span></span>economic<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _b\"></span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>copertura <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>lo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>quello <span class=\"_ _b\"></span>risulta<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>quantit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>dell'ele<span class=\"_ _1\"></span>mento <span class=\"_ _7\"> </span>copert<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>il  Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po <span class=\"_ _7\"> </span>effe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>copre<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>dalla  quantit\u00e0  dello <span class=\"_ _7\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>d<span class=\"_ _41\"> </span>copertur<span class=\"_ _1\"></span>a che il Gruppo util<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span> effe<span class=\"_ _1\"></span>ttivament<span class=\"_ _1\"></span>e per copr<span class=\"_ _1\"></span>ire tale<span class=\"_ _1\"></span> quantit\u00e0 di elemen<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>operto.  Alla <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sti<span class=\"_ _1\"></span>pula <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>deriva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>sia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>sede <span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span>prima <span class=\"_ _12\"> </span>iscrizi<span class=\"_ _1\"></span>one <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cia<span class=\"_ _1\"></span>scuna <span class=\"_ _12\"> </span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _12\"> </span>successi<span class=\"_ _1\"></span>va. <span class=\"_ _12\"> </span>I <span class=\"_ _7\"> </span>derivati <span class=\"_ _7\"> </span>sono <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>come <span class=\"_ _12\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>finanziarie quando <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue \u00e8 <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>e come <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 finanziarie <span class=\"_ _4\"></span>quan<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _9\"> </span>sono <span class=\"_ _b\"></span>classifica<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orrenti <span class=\"_ _b\"></span>o <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>in <span class=\"_ _b\"> </span>base <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>e<span class=\"_ _41\"> </span>all\u2019int<span class=\"_ _1\"></span>enzione del Gruppo di c<span class=\"_ _1\"></span>ontinuar<span class=\"_ _1\"></span>e a detener<span class=\"_ _1\"></span>e o meno tal<span class=\"_ _1\"></span>i strumen<span class=\"_ _1\"></span>ti fino alla scadenz<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span>Rispetta<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>equisiti <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>op<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019int<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>prire <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>esposizi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>al rischio<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>variazion<span class=\"_ _41\"> </span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _4\"></span>attesi <span class=\"_ _5\"></span>associa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>un\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>transazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>alt<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>probabile, <span class=\"_ _5\"></span>s<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>  il <span class=\"_ _9\"> </span>tra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>ontabile <span class=\"_ _9\"> </span>del  c<span class=\"_ _1\"></span>ash  fl<span class=\"_ _1\"></span>ow  hedg<span class=\"_ _1\"></span>e  e <span class=\"_ _9\"> </span>pertant<span class=\"_ _1\"></span>o  la <span class=\"_ _9\"> </span>porzione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>utile <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>dita <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ullo<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>coperto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>efficace, <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>nelle <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>specific<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>patrimonio <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>definita <span class=\"_ _4\"></span>riserva <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ash <span class=\"_ _4\"></span>flow<span class=\"_ _41\"> </span>hedge, <span class=\"_ _1\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>effic<span class=\"_ _1\"></span>ace <span class=\"_ _1\"></span>\u00e8 ril<span class=\"_ _1\"></span>evat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>ambito<span class=\"_ _41\"> </span>degli altri ric<span class=\"_ _1\"></span>avi e pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>o degli altri c<span class=\"_ _1\"></span>osti opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Gli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _4\"></span>nelle <span class=\"_ _5\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>componenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>successiv<span class=\"_ _1\"></span>amente<span class=\"_ _41\"> </span>river<span class=\"_ _1\"></span>sati <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _a\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _a\"></span>influenz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o, per ese<span class=\"_ _1\"></span>mpio se si verifi<span class=\"_ _1\"></span>ca una vendit<span class=\"_ _1\"></span>a o vi \u00e8 una sv<span class=\"_ _1\"></span>alutazione<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Qualor<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>lo <span class=\"_ _c\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>sia <span class=\"_ _d\"> </span>ceduto<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>giung<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>a <span class=\"_ _c\"> </span>scadenz<span class=\"_ _1\"></span>a, <span class=\"_ _c\"> </span>annullat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>o <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>senz<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>sostituzione<span class=\"_ _1\"></span>, o non si quali<span class=\"_ _1\"></span>fichi pi\u00f9 co<span class=\"_ _1\"></span>me efficace<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a del risc<span class=\"_ _1\"></span>hio a fron<span class=\"_ _1\"></span>te del <span class=\"_ _1\"></span>quale l\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one era<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ata accesa, la quota di <span class=\"_ _4\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di cash flow hedge <span class=\"_ _4\"></span>a esso rela<span class=\"_ _1\"></span>tiva viene mantenut<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sino a quando non <span class=\"_ _4\"></span>s<span class=\"_ _41\"> </span>manif<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a il contr<span class=\"_ _1\"></span>atto s<span class=\"_ _1\"></span>ottost<span class=\"_ _1\"></span>ante.<span class=\"_ _41\"> </span>Quando <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>transazi<span class=\"_ _1\"></span>one pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 pi\u00f9 <span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>enuta <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>obabile, gl<span class=\"_ _1\"></span>i utili<span class=\"_ _1\"></span> o <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>ti a <span class=\"_ _1\"></span>patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>sono rilascia<span class=\"_ _1\"></span>ti immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e a cont<span class=\"_ _1\"></span>o economico.<span class=\"_ _41\"> </span>Pa<span class=\"_ _1\"></span>ssivit\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _41\"> </span>Le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>te, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell\u2019iscrizione <span class=\"_ _4\"></span>iniziale, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a conto economico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i mutui e <span class=\"_ _4\"></span>finanziamen<span class=\"_ _1\"></span>ti, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i derivati designa<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>come<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>strumen<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>copertur<span class=\"_ _1\"></span>a. <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>utte <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ono <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>inizialment<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span>ungono, <span class=\"_ _4\"></span>ne<span class=\"_ _41\"> </span>caso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>mutui, <span class=\"_ _4\"></span>finanziamenti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>debiti, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tran<span class=\"_ _1\"></span>sazione <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>essi <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attribuibili<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>compr<span class=\"_ _1\"></span>endono <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e passivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>mutui e<span class=\"_ _1\"></span> finanzi<span class=\"_ _1\"></span>amenti<span class=\"_ _41\"> </span>inclusi sc<span class=\"_ _1\"></span>operti di cont<span class=\"_ _1\"></span>o corr<span class=\"_ _1\"></span>ente.<span class=\"_ _41\"> </span>La <span class=\"_ _9\"> </span>modalit\u00e0 <span class=\"_ _9\"> </span>di  v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione  s<span class=\"_ _1\"></span>uccessiva <span class=\"_ _9\"> </span>delle <span class=\"_ _10\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _9\"> </span>finanziarie <span class=\"_ _9\"> </span>dipende <span class=\"_ _10\"> </span>dalla <span class=\"_ _9\"> </span>loro <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>zione.  In<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>economico<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>riguardano <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>etenute<span class=\"_ _1\"></span> per<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>goziazione <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quell<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _1\"></span>assunt<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019inte<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>estingue<span class=\"_ _1\"></span>rle<span class=\"_ _41\"> </span>o tra<span class=\"_ _1\"></span>sferirle<span class=\"_ _1\"></span> nel bre<span class=\"_ _1\"></span>ve termine<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>finanziarie <span class=\"_ _4\"></span>rifer<span class=\"_ _1\"></span>ite <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>finanziamenti, <span class=\"_ _5\"></span>ca<span class=\"_ _1\"></span>tegoria <span class=\"_ _4\"></span>maggiormente <span class=\"_ _4\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie det<span class=\"_ _1\"></span>enute dal Gruppo<span class=\"_ _1\"></span>, sono <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te con il crit<span class=\"_ _1\"></span>erio <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto ammortizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di inter<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>utili <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>contabil<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>quando <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>estint<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed<span class=\"_ _41\"> </span>anche mediant<span class=\"_ _1\"></span>e il proce<span class=\"_ _1\"></span>sso di ammorta<span class=\"_ _1\"></span>mento.<span class=\"_ _41\"> </span>Il cos<span class=\"_ _1\"></span>to ammortizza<span class=\"_ _1\"></span>to \u00e8 <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcolat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vando lo s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto o il premio sull\u2019<span class=\"_ _6\"></span>acquisizione e gli onorari o cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>anno <span class=\"_ _a\"></span>parte<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>egran<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>eff<span class=\"_ _1\"></span>ettivo. <span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eresse <span class=\"_ _4\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8<span class=\"_ _41\"> </span>compr<span class=\"_ _1\"></span>eso tra gli<span class=\"_ _1\"></span> oneri finanziari nel pr<span class=\"_ _1\"></span>ospetto del<span class=\"_ _1\"></span>l\u2019utile/<span class=\"_ _1\"></span>(perdit<span class=\"_ _1\"></span>a).<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commerci<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>e le <span class=\"_ _1\"></span>altre <span class=\"_ _1\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>sono cl<span class=\"_ _1\"></span>assificati <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>a l<span class=\"_ _1\"></span>e passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>correnti, <span class=\"_ _1\"></span>salv<span class=\"_ _1\"></span>o quel<span class=\"_ _1\"></span>le che<span class=\"_ _41\"> </span>hanno <span class=\"_ _9\"> </span>una <span class=\"_ _b\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>adenza<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>contr<span class=\"_ _1\"></span>attuale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>oltre <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>dodi<span class=\"_ _1\"></span>ci <span class=\"_ _9\"> </span>mesi <span class=\"_ _9\"> </span>rispetto <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>data<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span>  non  corren<span class=\"_ _1\"></span>ti.  Le  passivit\u00e0  finanzi<span class=\"_ _1\"></span>arie  sono  elimina<span class=\"_ _1\"></span>te  quando  sono  es<span class=\"_ _1\"></span>tinte,  ovve<span class=\"_ _1\"></span>ro  quan<span class=\"_ _1\"></span>do<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione specifica<span class=\"_ _1\"></span>ta nel<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>atto \u00e8 adempiu<span class=\"_ _1\"></span>ta.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>finanziarie, <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _4\"></span>iscritte, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>seguito <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019introduzio<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>IFRS <span class=\"_ _4\"></span>16<span class=\"_ _41\"> </span>anche <span class=\"_ _28\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _28\"> </span>fi<span class=\"_ _1\"></span>nanziarie <span class=\"_ _18\"> </span>rappre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive <span class=\"_ _18\"> </span>del <span class=\"_ _28\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _18\"> </span>attuale <span class=\"_ _28\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>ca<span class=\"_ _1\"></span>noni <span class=\"_ _28\"> </span>da <span class=\"_ _18\"> </span>riconoscer<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>mente al loca<span class=\"_ _1\"></span>tore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _2\"></span>ambito di accor<span class=\"_ _1\"></span>di<span class=\"_ _4\"></span> di le<span class=\"_ _1\"></span>ase <span class=\"_ _4\"></span>plurie<span class=\"_ _1\"></span>nnali, per i quali ricorr<span class=\"_ _1\"></span>ono i presuppos<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>per l\u2019iscrizione de<span class=\"_ _1\"></span>l right of use tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ttivit\u00e0 mat<span class=\"_ _1\"></span>eriali. Benefici ai dipe<span class=\"_ _1\"></span>ndenti I <span class=\"_ _10\"> </span>benefici <span class=\"_ _9\"> </span>ai <span class=\"_ _10\"> </span>dipenden<span class=\"_ _1\"></span>ti  sono <span class=\"_ _9\"> </span>tutti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>tipi <span class=\"_ _9\"> </span>di  r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zione <span class=\"_ _10\"> </span>er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  dal <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>cambio <span class=\"_ _10\"> </span>dell\u2019<span class=\"_ _2\"></span>attivit\u00e0<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>orativ<span class=\"_ _1\"></span>a sv<span class=\"_ _1\"></span>olta dai dipen<span class=\"_ _1\"></span>denti.<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>benefi<span class=\"_ _1\"></span>ci <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>termi<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>per i <span class=\"_ _4\"></span>dipendenti sono <span class=\"_ _4\"></span>rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>da salari, <span class=\"_ _4\"></span>sti<span class=\"_ _1\"></span>pendi, <span class=\"_ _4\"></span>oneri sociali, <span class=\"_ _4\"></span>indennit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sostituti<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>fe<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>incentivi <span class=\"_ _a\"></span>corrispos<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>sotto <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>rma <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>bonus <span class=\"_ _b\"></span>pag<span class=\"_ _1\"></span>abile <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>dodici <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>quali<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>periodo<span class=\"_ _41\"> </span>in cui \u00e8 pr<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 la<span class=\"_ _1\"></span>vora<span class=\"_ _1\"></span>tiva.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>successivi <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>lavor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>dividono <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>due <span class=\"_ _6\"></span>fattispecie<span class=\"_ _1\"></span>: <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ben<span class=\"_ _1\"></span>efici <span class=\"_ _1\"></span>definiti<span class=\"_ _41\"> </span>e <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>contrib<span class=\"_ _1\"></span>uzione <span class=\"_ _1\"></span>definit<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>piani <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>benefici<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>definiti <span class=\"_ _1\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>quei <span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>rammi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>vedono <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dator<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mpegni <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>vers<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>cessari <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>sufficienti <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>tire <span class=\"_ _9\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>efissat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>idenziale <span class=\"_ _a\"></span>futur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dipendente, <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>assunzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>attuariale <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>capo <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>lavor<span class=\"_ _1\"></span>o. Poic<span class=\"_ _1\"></span>h\u00e9 <span class=\"_ _4\"></span>nei pia<span class=\"_ _1\"></span>ni <span class=\"_ _4\"></span>a bene<span class=\"_ _1\"></span>fici definiti l\u2019<span class=\"_ _6\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>be<span class=\"_ _1\"></span>neficio da erog<span class=\"_ _1\"></span>are \u00e8 qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>abile soltant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>do<span class=\"_ _1\"></span>po <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>cessazione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _4\"></span>economici <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>trimoniali <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>calc<span class=\"_ _1\"></span>oli<span class=\"_ _41\"> </span>attuarial<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>formemen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>principio <span class=\"_ _a\"></span>IAS <span class=\"_ _5\"></span>19. <span class=\"_ _a\"></span>I <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>contribuzione <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>quei <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ogrammi <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>edono <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>versi <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>refissati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>fo<span class=\"_ _1\"></span>ndo. <span class=\"_ _4\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>obbl<span class=\"_ _1\"></span>igazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>dator<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>estingue <span class=\"_ _9\"> </span>quindi <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>ver<span class=\"_ _1\"></span>samento<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>ributi <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>fo<span class=\"_ _1\"></span>ndo <span class=\"_ _10\"> </span>ed <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>rischio <span class=\"_ _9\"> </span>a<span class=\"_ _4\"></span>ttuaria<span class=\"_ _1\"></span>le <span class=\"_ _10\"> </span>ricade<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>sul<span class=\"_ _41\"> </span>dipendent<span class=\"_ _1\"></span>e. <span class=\"_ _a\"></span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _b\"></span>a <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tribuzione <span class=\"_ _a\"></span>definita<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>gli <span class=\"_ _a\"></span>oneri <span class=\"_ _a\"></span>contributivi <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>quando essi sono <span class=\"_ _1\"></span>sostenuti <span class=\"_ _1\"></span>in base al rela<span class=\"_ _1\"></span>tivo valor<span class=\"_ _1\"></span>e nominale.<span class=\"_ _41\"> </span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>benefici <span class=\"_ _5\"></span>definiti <span class=\"_ _a\"></span>rientr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _a\"></span>Rapporto <span class=\"_ _a\"></span>(TFR) <span class=\"_ _a\"></span>dovuto <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>dipendenti <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>sensi<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _b\"></span>2120 <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>Codice <span class=\"_ _b\"> </span>c<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>ile, <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>31 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>2006 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>quan<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>quote <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con<span class=\"_ _41\"> </span>decorr<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ennaio <span class=\"_ _4\"></span>2007, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Legge <span class=\"_ _4\"></span>296 <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>27<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _4\"></span>2006, <span class=\"_ _4\"></span>sulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>scelte<span class=\"_ _41\"> </span>implicit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>esplicite <span class=\"_ _4\"></span>operat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>dai <span class=\"_ _4\"></span>lavora<span class=\"_ _1\"></span>tori, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>destinat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>fondi <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>previdenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>complement<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>oppure al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>soreria istituit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>presso <span class=\"_ _4\"></span>l\u2019I<span class=\"_ _1\"></span>NPS. <span class=\"_ _4\"></span>La pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>\u00e8 proiett<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il m<span class=\"_ _4\"></span>etodo della<span class=\"_ _41\"> </span>proie<span class=\"_ _1\"></span>zione <span class=\"_ _b\"></span>unita<span class=\"_ _1\"></span>ria <span class=\"_ _b\"></span>(Proje<span class=\"_ _1\"></span>cted <span class=\"_ _a\"></span>Unit <span class=\"_ _b\"></span>Cre<span class=\"_ _1\"></span>dit <span class=\"_ _b\"></span>Method) <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>calcolar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>probabile <span class=\"_ _a\"></span>ammontar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>risoluzione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>rapp<span class=\"_ _1\"></span>orto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>oro<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>poi <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>ner <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>tempo <span class=\"_ _5\"></span>che<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>scorrer<span class=\"_ _1\"></span>\u00e0 prima dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo pag<span class=\"_ _1\"></span>amento. La valu<span class=\"_ _1\"></span>tazione della passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>isc<span class=\"_ _1\"></span>ritta in bilancio \u00e8 basat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ulle<span class=\"_ _41\"> </span>conclusio<span class=\"_ _1\"></span>ni raggiunt<span class=\"_ _1\"></span>e da attuari es<span class=\"_ _1\"></span>terni al Gruppo. Il cal<span class=\"_ _1\"></span>colo tiene cont<span class=\"_ _1\"></span>o del TFR matur<span class=\"_ _1\"></span>ato per pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _c\"> </span>gi\u00e0<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>effe<span class=\"_ _1\"></span>ttuat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>basat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>su <span class=\"_ _c\"> </span>ipotesi <span class=\"_ _12\"> </span>attuariali <span class=\"_ _12\"> </span>che <span class=\"_ _c\"> </span>riguardano <span class=\"_ _c\"> </span>pri<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>cipalmen<span class=\"_ _1\"></span>te: <span class=\"_ _c\"> </span>le <span class=\"_ _12\"> </span>basi<span class=\"_ _41\"> </span>demogra<span class=\"_ _1\"></span>fiche (quali la rota<span class=\"_ _1\"></span>zione e <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mort<span class=\"_ _1\"></span>alit\u00e0 dei dipenden<span class=\"_ _1\"></span>ti) <span class=\"_ _4\"></span>e finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>quali il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>flazione ed<span class=\"_ _41\"> </span>il <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>coer<span class=\"_ _1\"></span>ente <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quella <span class=\"_ _5\"></span>atte<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione). <span class=\"_ _5\"></span>Il <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>iscritta <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>bilancio risulta, <span class=\"_ _4\"></span>pert<span class=\"_ _1\"></span>anto<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>alline<span class=\"_ _1\"></span>ata a <span class=\"_ _4\"></span>quella <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ante dalla <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lutazione attuariale <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>gli<span class=\"_ _41\"> </span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _a\"></span>emer<span class=\"_ _1\"></span>genti <span class=\"_ _4\"></span>dal <span class=\"_ _a\"></span>cal<span class=\"_ _1\"></span>colo <span class=\"_ _5\"></span>vengono <span class=\"_ _5\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>affe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _4\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _4\"></span>emergono,<span class=\"_ _41\"> </span>tenut<span class=\"_ _1\"></span>o conto<span class=\"_ _1\"></span>, laddov<span class=\"_ _1\"></span>e presen<span class=\"_ _1\"></span>te, del r<span class=\"_ _1\"></span>elativo eff<span class=\"_ _6\"></span>etto fiscal<span class=\"_ _1\"></span>e diffe<span class=\"_ _1\"></span>rito. I <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>dovuti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cessazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rapport<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>voro <span class=\"_ _6\"></span>sono<span class=\"_ _4\"></span> <span class=\"_ _6\"></span>rilevati <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>quando<span class=\"_ _41\"> </span>l\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>decide <span class=\"_ _4\"></span>di concluder<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il rapporto <span class=\"_ _4\"></span>di lavo<span class=\"_ _1\"></span>ro <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>dipen<span class=\"_ _1\"></span>dente o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>gruppo di <span class=\"_ _4\"></span>dipenden<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>prima<span class=\"_ _41\"> </span>della <span class=\"_ _6\"></span>normale <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>pensionament<span class=\"_ _1\"></span>o, <span class=\"_ _6\"></span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dipendente <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>decida<span class=\"_ _41\"> </span>di <span class=\"_ _4\"></span>accett<span class=\"_ _1\"></span>are un\u2019<span class=\"_ _6\"></span>offe<span class=\"_ _1\"></span>rta <span class=\"_ _4\"></span>di benefici <span class=\"_ _4\"></span>in cambio della <span class=\"_ _4\"></span>cessa<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto di <span class=\"_ _4\"></span>lav<span class=\"_ _1\"></span>oro. I <span class=\"_ _4\"></span>benefici dovuti <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>la cessazione del<span class=\"_ _1\"></span> rapporto<span class=\"_ _1\"></span> di lavo<span class=\"_ _1\"></span>ro sono<span class=\"_ _1\"></span> rilevati i<span class=\"_ _1\"></span>mmediat<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> nel cost<span class=\"_ _1\"></span>o del la<span class=\"_ _1\"></span>vo<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Piano di ince<span class=\"_ _1\"></span>ntivazione azio<span class=\"_ _1\"></span>naria a lungo termi<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>Il <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivazi<span class=\"_ _1\"></span>one azi<span class=\"_ _1\"></span>onaria <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apprese<span class=\"_ _1\"></span>nta, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>all\u2019IF<span class=\"_ _1\"></span>RS <span class=\"_ _1\"></span>2, <span class=\"_ _1\"></span>una c<span class=\"_ _1\"></span>omponent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>tributiva <span class=\"_ _1\"></span>dei bene<span class=\"_ _1\"></span>ficiari che<span class=\"_ _1\"></span> avvie<span class=\"_ _1\"></span>ne mediant<span class=\"_ _1\"></span>e l<span class=\"_ _1\"></span>a corr<span class=\"_ _1\"></span>esponsione <span class=\"_ _1\"></span>di stru<span class=\"_ _1\"></span>menti r<span class=\"_ _1\"></span>appr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativi <span class=\"_ _1\"></span>di ca<span class=\"_ _1\"></span>pitale<span class=\"_ _41\"> </span>(c.d. <span class=\"_ _1\"></span>equity<span class=\"_ _1\"></span>-settled <span class=\"_ _1\"></span>shar<span class=\"_ _1\"></span>e-based <span class=\"_ _1\"></span>paymen<span class=\"_ _1\"></span>t <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>ction). <span class=\"_ _1\"></span>Pe<span class=\"_ _1\"></span>r t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o dal<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _41\"> </span>degli s<span class=\"_ _1\"></span>trumenti a<span class=\"_ _1\"></span>ttribuiti e <span class=\"_ _1\"></span>alla pr<span class=\"_ _1\"></span>evisione de<span class=\"_ _1\"></span>l numer<span class=\"_ _1\"></span>o di azi<span class=\"_ _1\"></span>oni che sar<span class=\"_ _1\"></span>anno e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te assegna<span class=\"_ _1\"></span>te, f<span class=\"_ _1\"></span>air<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue determinat<span class=\"_ _1\"></span>o alla dat<span class=\"_ _1\"></span>a di attribuzione (gra<span class=\"_ _1\"></span>nt date<span class=\"_ _1\"></span>), ed \u00e8 rileva<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span> il<span class=\"_ _4\"></span> cos<span class=\"_ _1\"></span>to del personale<span class=\"_ _1\"></span> e costi per<span class=\"_ _41\"> </span>servizi <span class=\"_ _4\"></span>linearmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il vesting <span class=\"_ _4\"></span>period<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attribuzi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>dat<span class=\"_ _1\"></span>a di assegnazione, c<span class=\"_ _1\"></span>on contr<span class=\"_ _1\"></span>opartita u<span class=\"_ _1\"></span>na riserva di P<span class=\"_ _1\"></span>atrimonio<span class=\"_ _1\"></span> Netto denomin<span class=\"_ _1\"></span>ata Riserv<span class=\"_ _1\"></span>a stock gr<span class=\"_ _1\"></span>ant. Il f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue delle azioni sottost<span class=\"_ _1\"></span>anti il piano di incentiv<span class=\"_ _1\"></span>azione \u00e8 <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>ant da<span class=\"_ _1\"></span>te tenendo con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>delle <span class=\"_ _6\"></span>previsioni <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>merit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>raggiungiment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ametri <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sociati <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>e non <span class=\"_ _1\"></span>\u00e8 oggett<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>rettifica<span class=\"_ _1\"></span> negli <span class=\"_ _1\"></span>esercizi <span class=\"_ _1\"></span>successivi. Qu<span class=\"_ _1\"></span>ando l\u2019<span class=\"_ _6\"></span>otte<span class=\"_ _1\"></span>nimento <span class=\"_ _1\"></span>del benefi<span class=\"_ _1\"></span>cio \u00e8 c<span class=\"_ _1\"></span>onnesso a<span class=\"_ _1\"></span>nche<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>div<span class=\"_ _1\"></span>erse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>que<span class=\"_ _1\"></span>lle <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>stima <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativa <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rifles<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>adeguando <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>ves<span class=\"_ _1\"></span>ting period<span class=\"_ _1\"></span>, il <span class=\"_ _1\"></span>numer<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>si pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>sara<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettivamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>assegnat<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>La v<span class=\"_ _1\"></span>ariazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima<span class=\"_ _41\"> </span> sar\u00e0<span class=\"_ _1\"></span> event<span class=\"_ _1\"></span>ualmente<span class=\"_ _1\"></span> iscritta<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>ettifica <span class=\"_ _1\"></span>della voce <span class=\"_ _1\"></span>Riserva <span class=\"_ _1\"></span>stock <span class=\"_ _1\"></span>grant <span class=\"_ _1\"></span>con c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>opartit<span class=\"_ _1\"></span>a cos<span class=\"_ _1\"></span>to del pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span> e cos<span class=\"_ _1\"></span>ti per servizi.<span class=\"ff3\"> </span>Fondi rischi e<span class=\"_ _1\"></span> oneri<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>I <span class=\"_ _4\"></span>fondi <span class=\"_ _4\"></span>rischi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>iscritti <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>natura<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>determi<span class=\"_ _1\"></span>nata<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>esist<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>certa <span class=\"_ _4\"></span>o<span class=\"_ _41\"> </span> probabil<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>quali, <span class=\"_ _1\"></span>tutt<span class=\"_ _1\"></span>avia, <span class=\"_ _6\"></span>sono i<span class=\"_ _1\"></span>ndetermi<span class=\"_ _1\"></span>nati <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ammont<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e/o <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acca<span class=\"_ _1\"></span>dimento. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019iscrizione <span class=\"_ _6\"></span>viene<span class=\"_ _41\"> </span> eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>solo <span class=\"_ _1\"></span>quando <span class=\"_ _1\"></span>esis<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>un\u2019<span class=\"_ _6\"></span>obbligazione <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e (<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>le o <span class=\"_ _1\"></span>implici<span class=\"_ _1\"></span>ta) <span class=\"_ _1\"></span>risultan<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>even<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>passato<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span> quando \u00e8 <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>obabile un\u2019uscit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di risorse per <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ar front<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a tale obblig<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>e quando \u00e8 <span class=\"_ _4\"></span>possibile eff<span class=\"_ _1\"></span>ettuare<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> una stima<span class=\"_ _1\"></span> affidabile del suo<span class=\"_ _1\"></span> ammontar<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Quando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _4\"></span>finanziario <span class=\"_ _4\"></span>associat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>significa<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>obb<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>gazioni<span class=\"_ _41\"> </span> sono <span class=\"_ _6\"></span>attendibilmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>stimabili, <span class=\"_ _6\"></span>i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>sono <span class=\"_ _6\"></span>attualizz<span class=\"_ _1\"></span>ati <span class=\"_ _6\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>scont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>lordo <span class=\"_ _6\"></span>delle <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span> che riflett<span class=\"_ _1\"></span>e, ove adegua<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, la valut<span class=\"_ _1\"></span>azione corr<span class=\"_ _1\"></span>ente del<span class=\"_ _1\"></span> merc<span class=\"_ _1\"></span>ato del c<span class=\"_ _1\"></span>osto del de<span class=\"_ _1\"></span>naro in r<span class=\"_ _1\"></span>elazione al t<span class=\"_ _1\"></span>empo<span class=\"_ _41\"> </span> e, <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>appl<span class=\"_ _1\"></span>icabile, <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>specifici attribuibili all\u2019<span class=\"_ _6\"></span>obbligazione. <span class=\"_ _4\"></span>Qua<span class=\"_ _1\"></span>ndo <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>accan<span class=\"_ _1\"></span>tonament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>rischi e<span class=\"_ _41\"> </span> oneri <span class=\"_ _4\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>attualizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>periodic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore attuale <span class=\"_ _4\"></span>associat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>attor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>mporale <span class=\"_ _4\"></span>viene<span class=\"_ _41\"> </span> riflesso <span class=\"_ _1\"></span>nel con<span class=\"_ _1\"></span>to e<span class=\"_ _1\"></span>conomico <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>onere <span class=\"_ _1\"></span>finanziario. <span class=\"_ _1\"></span>Laddove <span class=\"_ _1\"></span>si suppo<span class=\"_ _1\"></span>nga <span class=\"_ _1\"></span>che tu<span class=\"_ _1\"></span>tte l<span class=\"_ _1\"></span>e spese, <span class=\"_ _1\"></span>o una <span class=\"_ _1\"></span>parte<span class=\"_ _41\"> </span> di <span class=\"_ _12\"> </span>esse, <span class=\"_ _7\"> </span>richiest<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>estingue<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione <span class=\"_ _7\"> </span>veng<span class=\"_ _1\"></span>ano <span class=\"_ _12\"> </span>rimbor<span class=\"_ _1\"></span>sate <span class=\"_ _7\"> </span>da <span class=\"_ _12\"> </span>terzi, <span class=\"_ _7\"> </span>tale <span class=\"_ _12\"> </span>indennizz<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>se<span class=\"_ _41\"> </span> virtualmen<span class=\"_ _1\"></span>te certo<span class=\"_ _1\"></span>, \u00e8 rileva<span class=\"_ _1\"></span>to come a<span class=\"_ _1\"></span>ttivit\u00e0 dis<span class=\"_ _1\"></span>tint<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Le varia<span class=\"_ _1\"></span>zioni di stima<span class=\"_ _1\"></span> degli acca<span class=\"_ _1\"></span>ntonamenti<span class=\"_ _1\"></span> ai fondi<span class=\"_ _1\"></span> sono riflesse nel<span class=\"_ _1\"></span> conto<span class=\"_ _1\"></span> economic<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio in cui<span class=\"_ _41\"> </span> avvie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>variazione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>port<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>diminuzione s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span> rilev<span class=\"_ _1\"></span>ate  in  c<span class=\"_ _1\"></span>ontropartit<span class=\"_ _1\"></span>a  della  passivi<span class=\"_ _1\"></span>t\u00e0  fino  a  conco<span class=\"_ _1\"></span>rrenz<span class=\"_ _1\"></span>a  del  suo  valor<span class=\"_ _1\"></span>e  con<span class=\"_ _1\"></span>tabile  e,  per  la  part<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> ecceden<span class=\"_ _1\"></span>te, a cont<span class=\"_ _1\"></span>o economi<span class=\"_ _1\"></span>co nella s<span class=\"_ _1\"></span>tessa voce a cui f<span class=\"_ _1\"></span>anno rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span>Gli <span class=\"_ _4\"></span>importi <span class=\"_ _4\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>fo<span class=\"_ _1\"></span>ndi <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>oneri sono <span class=\"_ _4\"></span>distin<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>quot<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>della<span class=\"_ _41\"> </span> prev<span class=\"_ _1\"></span>isione di pagamen<span class=\"_ _1\"></span>to/e<span class=\"_ _1\"></span>stinzione dell<span class=\"_ _1\"></span>e passivit\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>I <span class=\"_ _1\"></span>rischi per <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>quali il<span class=\"_ _1\"></span> manif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tarsi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _1\"></span>\u00e8 solt<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>o possibile<span class=\"_ _1\"></span>, sono <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>ome i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>e per<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> i medesimi non <span class=\"_ _1\"></span>si procede <span class=\"_ _1\"></span>ad alcuno st<span class=\"_ _1\"></span>anziamento<span class=\"_ _1\"></span>.<span class=\"ff3\"> </span>Ricavi da c<span class=\"_ _1\"></span>ontratti con i c<span class=\"_ _1\"></span>lienti<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>I <span class=\"_ _1\"></span>ricav<span class=\"_ _1\"></span>i sono <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _6\"></span>ricevuto <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>ricevibile <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sconti <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>abbuoni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono rile<span class=\"_ _1\"></span>vati <span class=\"_ _1\"></span>quando<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>obblig<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>asf<span class=\"_ _1\"></span>erendo <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>bene <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>un cliente, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onformit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span> quant<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>previs<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>princip<span class=\"_ _1\"></span>io <span class=\"_ _a\"></span>IFRS <span class=\"_ _a\"></span>15. <span class=\"_ _a\"></span>Il <span class=\"_ _5\"></span>trasf<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>avviene <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>ottiene <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _6\"></span>ollo <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span> bene <span class=\"_ _a\"></span>o <span class=\"_ _b\"></span>servizio <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>cio\u00e8 <span class=\"_ _b\"></span>quando <span class=\"_ _a\"></span>ha <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>capacit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>indirizz<span class=\"_ _1\"></span>arne <span class=\"_ _a\"></span>l\u2019uso <span class=\"_ _a\"></span>ed <span class=\"_ _b\"></span>ottene<span class=\"_ _1\"></span>rne <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>os<span class=\"_ _1\"></span>tanzial<span class=\"_ _1\"></span>mente <span class=\"_ _a\"></span>tutti <span class=\"_ _a\"></span>i<span class=\"_ _41\"> </span> benefici. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _5\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>trasf<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>in <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>certo <span class=\"_ _4\"></span>momento <span class=\"_ _5\"></span>(at <span class=\"_ _4\"></span>point <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>ti<span class=\"_ _4\"></span>me) <span class=\"_ _5\"></span>oppure <span class=\"_ _4\"></span>nel <span class=\"_ _a\"></span>cor<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span> tempo <span class=\"_ _4\"></span>(over <span class=\"_ _5\"></span>time) <span class=\"_ _5\"></span>mediant<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>opp<span class=\"_ _4\"></span>ort<span class=\"_ _1\"></span>une <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>cniche <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>misur<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>avanz<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>(metodi <span class=\"_ _4\"></span>output <span class=\"_ _5\"></span>e/o<span class=\"_ _41\"> </span> input).<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>ansaction <span class=\"_ _b\"></span>price <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>attorizz<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>(in <span class=\"_ _b\"></span>base <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>me<span class=\"_ _1\"></span>todo <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _b\"></span>att<span class=\"_ _1\"></span>eso <span class=\"_ _9\"> </span>e/<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> dell\u2019importo <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>probabile<span class=\"_ _1\"></span>), anche <span class=\"_ _1\"></span>elementi <span class=\"_ _1\"></span>variabil<span class=\"_ _1\"></span>i del c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _1\"></span>qualora <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>altamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>probabile <span class=\"_ _1\"></span>che<span class=\"_ _41\"> </span> non <span class=\"_ _7\"> </span>vi <span class=\"_ _7\"> </span>sar\u00e0<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>un  significa<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"> </span>reve<span class=\"_ _1\"></span>rsal <span class=\"_ _7\"> </span>in  fut<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>o. <span class=\"_ _7\"> </span>Le <span class=\"_ _7\"> </span>tra<span class=\"_ _1\"></span>nsazioni <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _12\"> </span>r<span class=\"_ _1\"></span>ettificat<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>tener<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>in<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> consider<span class=\"_ _1\"></span>azione il v<span class=\"_ _1\"></span>alore t<span class=\"_ _1\"></span>emporale del<span class=\"_ _1\"></span> denaro.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>I rica<span class=\"_ _1\"></span>vi del Gruppo sono <span class=\"_ _1\"></span>di seguito riepilog<span class=\"_ _1\"></span>ati rispe<span class=\"_ _1\"></span>tto alla r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>a disaggreg<span class=\"_ _1\"></span>azione per natura<span class=\"_ _1\"></span>:<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">mercato<span class=\"_ _1\"></span>  regolame<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff2\">: <span class=\"_ _9\"> </span>due  dis<span class=\"_ _1\"></span>tinte <span class=\"_ _9\"> </span>obbliga<span class=\"_ _1\"></span>zioni  di <span class=\"_ _9\"> </span>far<span class=\"_ _1\"></span>e  adempiut<span class=\"_ _1\"></span>e  o<span class=\"_ _1\"></span>ver  tim<span class=\"_ _1\"></span>e  nell\u2019<span class=\"_ _2\"></span>ambito  degl<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff8\"><span class=\"ff2\"> </span></span></span>str<span class=\"_ _1\"></span>eam <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rotta <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>termina<span class=\"_ _1\"></span>le. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>ava<span class=\"_ _1\"></span>nzamenti <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>misura<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>output <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _5\"></span>alle<span class=\"_ _41\"> </span> unit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nei <span class=\"_ _5\"></span>servizi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>terminale <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>bal<span class=\"_ _4\"></span>ance <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>iscritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>bilancio<span class=\"_ _41\"> </span> nel <span class=\"_ _4\"></span>momen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la Capogruppo ha <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>perf<span class=\"_ _1\"></span>ormance obbliga<span class=\"_ _1\"></span>tion <span class=\"_ _4\"></span>dei servizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>otta e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span> terminal<span class=\"_ _1\"></span>e; <span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">mercato <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>regolament<span class=\"_ _1\"></span>ato<span class=\"ff2\">: <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>ricavi <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>on<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>disaggreg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>tipologia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>ansazione, <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span></span></span></span><span class=\"ff9\"><span class=\"ff8\"><span class=\"ff2\"> </span></span></span>licenz<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>pres<span class=\"_ _1\"></span>tazioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>servizi, <span class=\"_ _5\"></span>radiomisur<span class=\"_ _1\"></span>e, <span class=\"_ _a\"></span>consulen<span class=\"_ _1\"></span>za <span class=\"_ _5\"></span>aeronautica<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>tecn<span class=\"_ _1\"></span>ici <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ingegneria<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span> f<span class=\"_ _1\"></span>ormazione, <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>altri <span class=\"_ _4\"></span>rica<span class=\"_ _1\"></span>vi. <span class=\"_ _4\"></span>I <span class=\"_ _4\"></span>servizi <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>modal<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>over <span class=\"_ _4\"></span>ti<span class=\"_ _1\"></span>me <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>circosc<span class=\"_ _1\"></span>ritti <span class=\"_ _4\"></span>preva<span class=\"_ _1\"></span>lentemen<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span> ai <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>erog<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>cons<span class=\"_ _1\"></span>ulenza <span class=\"_ _b\"></span>aeronau<span class=\"_ _1\"></span>tica <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>alle <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>compr<span class=\"_ _1\"></span>ensivi <span class=\"_ _b\"></span>delle<span class=\"_ _41\"> </span> attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _7\"> </span>sulle <span class=\"_ _7\"> </span>licenze <span class=\"_ _7\"> </span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>vendute<span class=\"_ _1\"></span>. <span class=\"_ _12\"> </span>La <span class=\"_ _7\"> </span>vendita<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>delle<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>licenz<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>softwa<span class=\"_ _1\"></span>re <span class=\"_ _7\"> </span>e/o<span class=\"_ _41\"> </span> dell\u2019har<span class=\"_ _1\"></span>dware<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>clienti <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>subordina<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>consegna <span class=\"_ _a\"></span>fisica <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>bene <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>(at<span class=\"_ _41\"> </span>point i<span class=\"_ _1\"></span>n time) sal<span class=\"_ _1\"></span>vo specifici <span class=\"_ _1\"></span>casi di <span class=\"_ _1\"></span>vendita<span class=\"_ _1\"></span> con c<span class=\"_ _1\"></span>onsegna <span class=\"_ _1\"></span>diffe<span class=\"_ _1\"></span>rita al <span class=\"_ _1\"></span>ricorrer<span class=\"_ _1\"></span>e dei <span class=\"_ _1\"></span>requisiti richi<span class=\"_ _1\"></span>esti dal<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> principio di rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Balance \u2013 Ric<span class=\"_ _1\"></span>avi da contra<span class=\"_ _1\"></span>tti con i clienti<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>La Capogruppo \u00e8 <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>solo pr<span class=\"_ _1\"></span>ovider nello Stat<span class=\"_ _1\"></span>o italiano che erog<span class=\"_ _1\"></span>a i s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di ges<span class=\"_ _1\"></span>tione <span class=\"_ _4\"></span>e contr<span class=\"_ _1\"></span>ollo del traffic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> aer<span class=\"_ _1\"></span>eo e <span class=\"_ _4\"></span>gli altri servizi essenziali per la navig<span class=\"_ _1\"></span>azione aerea, nei cieli ital<span class=\"_ _1\"></span>iani <span class=\"_ _4\"></span>e negli aer<span class=\"_ _1\"></span>oporti civili nazionali<span class=\"_ _41\"> </span> di  com<span class=\"_ _1\"></span>petenz<span class=\"_ _1\"></span>a.  T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span>  attivit<span class=\"_ _1\"></span>\u00e0  \u00e8  re<span class=\"_ _1\"></span>golata <span class=\"_ _10\"> </span>a  l<span class=\"_ _1\"></span>ivello  eur<span class=\"_ _1\"></span>opeo <span class=\"_ _10\"> </span>tramit<span class=\"_ _1\"></span>e  la<span class=\"_ _1\"></span>  presen<span class=\"_ _1\"></span>tazione <span class=\"_ _10\"> </span>ed  a<span class=\"_ _1\"></span>pprov<span class=\"_ _1\"></span>azione,<span class=\"_ _41\"> </span> attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>l\u2019En<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egolat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>ENAC), <span class=\"_ _4\"></span>del Piano <span class=\"_ _4\"></span>di Perf<span class=\"_ _1\"></span>ormance <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>veng<span class=\"_ _1\"></span>ono <span class=\"_ _4\"></span>defi<span class=\"_ _1\"></span>niti <span class=\"_ _4\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>obie<span class=\"_ _1\"></span>ttivi<span class=\"_ _4\"></span>, tra<span class=\"_ _41\"> </span> cui i livel<span class=\"_ _1\"></span>li di cos<span class=\"_ _1\"></span>to e di tr<span class=\"_ _1\"></span>affic<span class=\"_ _1\"></span>o necessari per la<span class=\"_ _1\"></span> determinazi<span class=\"_ _1\"></span>one delle tariff<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i cinque anni <span class=\"_ _1\"></span>di dura<span class=\"_ _1\"></span>ta del<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> piano<span class=\"_ _1\"></span>,  fi<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti <span class=\"_ _10\"> </span>ex<span class=\"_ _1\"></span>  a<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>all\u2019inizio <span class=\"_ _9\"> </span>di  ogni<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>piano <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>riflessi <span class=\"_ _9\"> </span>nella <span class=\"_ _10\"> </span>tariff<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>dovuta <span class=\"_ _9\"> </span>dalle <span class=\"_ _10\"> </span>com<span class=\"_ _1\"></span>pagnie <span class=\"_ _10\"> </span>aer<span class=\"_ _1\"></span>ee,  e<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> pubblica<span class=\"_ _1\"></span>ta ad inizi<span class=\"_ _1\"></span>o di ogni anno da Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol. <span class=\"ff3\"> </span>Con la Decisione di esecuzione (UE)<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _1\"></span>4/1688 della Commissione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Eu<span class=\"_ _1\"></span>ropea, il reg<span class=\"_ _1\"></span>olat<span class=\"_ _1\"></span>ore comunita<span class=\"_ _1\"></span>rio ha<span class=\"_ _41\"> </span> st<span class=\"_ _1\"></span>abilito <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>tar<span class=\"_ _1\"></span>get <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>efficienz<span class=\"_ _1\"></span>a  ec<span class=\"_ _1\"></span>onomica <span class=\"_ _10\"> </span>e  c<span class=\"_ _1\"></span>apacit\u00e0 <span class=\"_ _9\"> </span>operativ<span class=\"_ _1\"></span>a  a <span class=\"_ _10\"> </span>livel<span class=\"_ _1\"></span>lo  dell\u2019Unione<span class=\"_ _1\"></span>  per  il<span class=\"_ _1\"></span>  periodo <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span> rif<span class=\"_ _1\"></span>erimento <span class=\"_ _6\"></span>2025-2029 <span class=\"_ _1\"></span>(RP4<span class=\"_ _1\"></span>), <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>tutti <span class=\"_ _6\"></span>gli <span class=\"_ _1\"></span>Stati<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>europei<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ornitori <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>navig<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span> aer<span class=\"_ _1\"></span>ea <span class=\"_ _9\"> </span>devono <span class=\"_ _9\"> </span>atte<span class=\"_ _1\"></span>nersi <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>decisio<span class=\"_ _1\"></span>ne <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>esecuz<span class=\"_ _1\"></span>ione <span class=\"_ _9\"> </span>(UE) <span class=\"_ _9\"> </span>n. <span class=\"_ _9\"> </span>2025/1058 <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>19 <span class=\"_ _9\"> </span>maggio <span class=\"_ _9\"> </span>2025, <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span> Commissione <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>pea ha <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>bilito <span class=\"_ _1\"></span>che gli <span class=\"_ _1\"></span>obiettivi <span class=\"_ _1\"></span>prestazi<span class=\"_ _1\"></span>onali di <span class=\"_ _1\"></span>tutte <span class=\"_ _1\"></span>le are<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>performance inclu<span class=\"_ _1\"></span>se nel<span class=\"_ _41\"> </span> piano di <span class=\"_ _4\"></span>perf<span class=\"_ _1\"></span>ormance presen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dall\u2019It<span class=\"_ _1\"></span>alia sono <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>formi ai targ<span class=\"_ _1\"></span>et prest<span class=\"_ _1\"></span>azionali a <span class=\"_ _4\"></span>livell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dell\u2019Unione per<span class=\"_ _41\"> </span> il quarto pe<span class=\"_ _1\"></span>riodo di rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o (2025<span class=\"_ _4\"></span>-<span class=\"_ _1\"></span>2029). <span class=\"ff3\"> </span>Con <span class=\"_ _b\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Pe<span class=\"_ _1\"></span>rform<span class=\"_ _1\"></span>ance, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>livello <span class=\"_ _a\"></span>nazionale <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>apporta<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>alcune <span class=\"_ _b\"></span>modifiche <span class=\"_ _b\"></span>alle <span class=\"_ _a\"></span>zone <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span> tariff<span class=\"_ _1\"></span>azione di<span class=\"_ _1\"></span> terminal<span class=\"_ _1\"></span>e, pr<span class=\"_ _1\"></span>evedendo <span class=\"_ _1\"></span>in partic<span class=\"_ _1\"></span>olare <span class=\"_ _1\"></span>la definiz<span class=\"_ _1\"></span>ione a de<span class=\"_ _1\"></span>correr<span class=\"_ _1\"></span>e dal <span class=\"_ _1\"></span>2025 di <span class=\"_ _1\"></span>due nuo<span class=\"_ _1\"></span>ve z<span class=\"_ _1\"></span>one<span class=\"_ _41\"> </span> di <span class=\"_ _10\"> </span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>assoggetta<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>alla <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>golamentazione <span class=\"_ _9\"> </span>comunita<span class=\"_ _1\"></span>ria  i<span class=\"_ _1\"></span>n  ambit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>tariff<span class=\"_ _6\"></span>e  e <span class=\"_ _9\"> </span>performance<span class=\"_ _1\"></span>,  c<span class=\"_ _1\"></span>os\u00ec<span class=\"_ _41\"> </span> compos<span class=\"_ _1\"></span>te:<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u27a2<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">le <span class=\"_ _a\"></span>precedenti <span class=\"_ _a\"></span>due <span class=\"_ _b\"></span>zone<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>vigor<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>fino <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>2024, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>2025 <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>accorpat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un\u2019u<span class=\"_ _1\"></span>nica <span class=\"_ _b\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>tariff<span class=\"_ _1\"></span>azione, la nu<span class=\"_ _1\"></span>ova z<span class=\"_ _1\"></span>ona 1;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u27a2<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">la <span class=\"_ _4\"></span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>zona <span class=\"_ _4\"></span>3, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>fino <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>2024, <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>2025 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>divent<span class=\"_ _1\"></span>ata <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>nuova <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _4\"></span>2. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>zona <span class=\"_ _4\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>2024 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ata <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ettat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>allo <span class=\"_ _4\"></span>schema <span class=\"_ _4\"></span>norma<span class=\"_ _1\"></span>tivo <span class=\"_ _4\"></span>nazional<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>balance <span class=\"_ _4\"></span>definit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> secondo una logi<span class=\"_ _1\"></span>ca di cos<span class=\"_ _1\"></span>t rec<span class=\"_ _1\"></span>overy<span class=\"_ _6\"></span>. <span class=\"ff3\"> </span>Gli <span class=\"_ _4\"></span>obiettivi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>efficienz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>decli<span class=\"_ _1\"></span>nati <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>Piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>perfor<span class=\"_ _1\"></span>mance <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>intr<span class=\"_ _1\"></span>odotti <span class=\"_ _4\"></span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>carico<span class=\"_ _41\"> </span> dei <span class=\"_ _a\"></span>prov<span class=\"_ _1\"></span>ider<span class=\"_ _6\"></span>, <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>quindi <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo, <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>sui <span class=\"_ _a\"></span>costi<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>In <span class=\"_ _b\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>meccanismo <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span> rischio tr<span class=\"_ _1\"></span>affic<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>la c<span class=\"_ _1\"></span>ondivisione de<span class=\"_ _1\"></span>l rischio <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o tr<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>provider <span class=\"_ _1\"></span>ed ut<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>spazio aer<span class=\"_ _1\"></span>eo<span class=\"_ _1\"></span>, per<span class=\"_ _41\"> </span> cui le v<span class=\"_ _1\"></span>ariazioni, positive e neg<span class=\"_ _1\"></span>ative, c<span class=\"_ _1\"></span>omprese fino al 2% del tr<span class=\"_ _1\"></span>affico di c<span class=\"_ _1\"></span>onsuntiv<span class=\"_ _1\"></span>o, rispett<span class=\"_ _1\"></span>o al pianifica<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span> sono <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>totale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>provider<span class=\"_ _2\"></span>, <span class=\"_ _5\"></span>mentre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>varia<span class=\"_ _1\"></span>zioni <span class=\"_ _5\"></span>ricomprese <span class=\"_ _4\"></span>tra <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>2% <span class=\"_ _a\"></span>e <span class=\"_ _4\"></span>il <span class=\"_ _a\"></span>10% <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>ripartit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>nella<span class=\"_ _41\"> </span> misura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> 70<span class=\"_ _4\"></span>%<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a ca<span class=\"_ _1\"></span>rico delle compagnie<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>ree e del 30% a carico dei pr<span class=\"_ _1\"></span>ovider<span class=\"_ _2\"></span>. Per le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazioni superiori<span class=\"_ _41\"> </span> al <span class=\"_ _9\"> </span>10% <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>applica <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>met<span class=\"_ _1\"></span>odologia <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>cost <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>ecovery<span class=\"_ _6\"></span>. <span class=\"_ _9\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eventua<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>scost<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>o <span class=\"_ _9\"> </span>negativo <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on<span class=\"_ _41\"> </span> rif<span class=\"_ _1\"></span>erimento <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>rischio <span class=\"_ _b\"></span>traffi<span class=\"_ _1\"></span>co <span class=\"_ _b\"></span>gener<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nell\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _b\"> </span>emerge, <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>condo <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>gole <span class=\"_ _b\"></span>precedent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> descritte, <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>avi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>otta <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>terminale <span class=\"_ _6\"></span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>zzando <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _1\"></span>Balanc<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>anno. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _6\"></span>balance<span class=\"_ _41\"> </span> vengono<span class=\"_ _1\"></span> poi <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>ati/r<span class=\"_ _1\"></span>estituiti <span class=\"_ _1\"></span>attr<span class=\"_ _1\"></span>ave<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nei due<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span> successiv<span class=\"_ _1\"></span>i e <span class=\"_ _1\"></span>imput<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> con segno in<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>so, <span class=\"_ _1\"></span>rispetto al<span class=\"_ _1\"></span>l\u2019iscrizione iniziale, nell<span class=\"_ _1\"></span>a voce uti<span class=\"_ _4\"></span>lizz<span class=\"_ _1\"></span>o balance <span class=\"_ _1\"></span>n-<span class=\"lsc\">2.<span class=\"_ _41\"> </span></span><span class=\"ff3\"> </span>Re<span class=\"_ _1\"></span>lativamen<span class=\"_ _1\"></span>te a<span class=\"_ _1\"></span>l rischio cos<span class=\"_ _1\"></span>ti, le <span class=\"_ _1\"></span>variazioni <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>pianifica<span class=\"_ _1\"></span>to e <span class=\"_ _1\"></span>quanto c<span class=\"_ _1\"></span>onsuntiv<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o a fine a<span class=\"_ _1\"></span>nno, sia<span class=\"_ _1\"></span> in<span class=\"_ _41\"> </span> positivo <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>res<span class=\"_ _1\"></span>tano <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>carico <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>provider<span class=\"_ _11\"></span>. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>regolamen<span class=\"_ _1\"></span>tazione <span class=\"_ _4\"></span>comunita<span class=\"_ _1\"></span>ria <span class=\"_ _5\"></span>si<span class=\"_ _41\"> </span> applica<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> ai servizi core<span class=\"_ _1\"></span> bus<span class=\"_ _4\"></span>iness <span class=\"_ _1\"></span>della Capogruppo sia di r<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span> che di terminale.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>La r<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>azione c<span class=\"_ _1\"></span>omunita<span class=\"_ _1\"></span>ria pre<span class=\"_ _1\"></span>vede inoltr<span class=\"_ _1\"></span>e bon<span class=\"_ _1\"></span>us e penal<span class=\"_ _1\"></span>ties leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e alla pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azione dei <span class=\"_ _1\"></span>servizi che<span class=\"_ _41\"> </span> vengono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>misura<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>onsuntivo <span class=\"_ _12\"> </span>rispetto <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _c\"> </span>dat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>pianifi<span class=\"_ _1\"></span>cato <span class=\"_ _12\"> </span>nel <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>P<span class=\"_ _1\"></span>erf<span class=\"_ _1\"></span>ormance <span class=\"_ _c\"> </span>ed<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>iscritti<span class=\"_ _41\"> </span> nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio di <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>voce Ba<span class=\"_ _1\"></span>lance dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>anno, e<span class=\"_ _1\"></span> seguono <span class=\"_ _1\"></span>lo s<span class=\"_ _1\"></span>tesso <span class=\"_ _1\"></span>iter <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>tituzione/recuper<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> dalle c<span class=\"_ _1\"></span>ompagnie aeree<span class=\"_ _1\"></span> del balance per rischio tr<span class=\"_ _1\"></span>affico<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Nel <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _9\"> </span>2020-2021 <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>della <span class=\"_ _9\"> </span>pandemia <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>C<span class=\"_ _1\"></span>OVID-19 <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _b\"></span>connessi <span class=\"_ _b\"></span>riflessi <span class=\"_ _9\"> </span>nel <span class=\"_ _b\"></span>settore <span class=\"_ _b\"></span>del<span class=\"_ _41\"> </span> tra<span class=\"_ _1\"></span>sporto <span class=\"_ _9\"> </span>ae<span class=\"_ _1\"></span>reo<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>Com<span class=\"_ _1\"></span>missione <span class=\"_ _9\"> </span>Eur<span class=\"_ _1\"></span>opea <span class=\"_ _b\"></span>ha <span class=\"_ _9\"> </span>adotta<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>R<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>U<span class=\"_ _1\"></span>E <span class=\"_ _9\"> </span>2020/1627 <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>3<span class=\"_ _41\"> </span> novembr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>2020, <span class=\"_ _b\"></span>alcune <span class=\"_ _b\"></span>misur<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>eccezionali <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>periodo <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _b\"></span>(anni<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2<span class=\"_ _1\"></span>020 <span class=\"_ _9\"> </span>\u2013 <span class=\"_ _a\"></span>2024) <span class=\"_ _b\"></span>del<span class=\"_ _41\"> </span> sist<span class=\"_ _1\"></span>ema <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pres<span class=\"_ _1\"></span>tazioni <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>Cielo <span class=\"_ _5\"></span>Unico<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>Europeo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>intr<span class=\"_ _1\"></span>oducendo <span class=\"_ _4\"></span>alcune <span class=\"_ _5\"></span>norme <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>hanno<span class=\"_ _41\"> </span> derog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Re<span class=\"_ _1\"></span>golament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>UE <span class=\"_ _4\"></span>2019/317 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tal<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>periodo. <span class=\"_ _4\"></span>Successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>Commissione<span class=\"_ _41\"> </span> Europea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>emesso <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Deci<span class=\"_ _1\"></span>sione <span class=\"_ _4\"></span>2021/891 <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui ha <span class=\"_ _4\"></span>fissato <span class=\"_ _4\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>obiettivi <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>zionali <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>periodo<span class=\"_ _41\"> </span> re<span class=\"_ _1\"></span>golatorio <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>identific<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>come <span class=\"_ _a\"></span>paramet<span class=\"_ _1\"></span>ro <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>l\u2019indicat<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _a\"></span>Determined <span class=\"_ _a\"></span>Unit<span class=\"_ _41\"> </span> Cost <span class=\"_ _1\"></span>(DUC) <span class=\"_ _1\"></span>definito <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>pporto f<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>costi <span class=\"_ _1\"></span>deter<span class=\"_ _1\"></span>minati <span class=\"_ _1\"></span>e il <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o e<span class=\"_ _1\"></span>spresso <span class=\"_ _1\"></span>in te<span class=\"_ _1\"></span>rmini di <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>servizio.<span class=\"_ _41\"> </span> I balance <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eriti alla <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dita di <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>nel biennio 2020-2021, <span class=\"_ _4\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ati ripartiti <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>via eccezionale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span> periodo di cinque<span class=\"_ _1\"></span> anni estendi<span class=\"_ _1\"></span>bile a sette anni, c<span class=\"_ _1\"></span>on decorr<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a dal 2023. <span class=\"ff3\"> </span>Le  comp<span class=\"_ _1\"></span>onenti  di <span class=\"_ _10\"> </span>credit<span class=\"_ _1\"></span>o  e <span class=\"_ _10\"> </span>debito <span class=\"_ _10\"> </span>per  balance,<span class=\"_ _1\"></span>  sia  di  na<span class=\"_ _1\"></span>tura <span class=\"_ _10\"> </span>corr<span class=\"_ _1\"></span>ente <span class=\"_ _10\"> </span>che  no<span class=\"_ _1\"></span>n  corre<span class=\"_ _1\"></span>nte,  ri<span class=\"_ _1\"></span>sultano<span class=\"_ _41\"> </span> classific<span class=\"_ _1\"></span>ate nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>voce<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _4\"></span>da attivit\u00e0 re<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>olamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti e <span class=\"_ _4\"></span>non corr<span class=\"_ _1\"></span>enti e <span class=\"_ _4\"></span>nei debiti <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span> attivit<span class=\"_ _1\"></span>\u00e0 regol<span class=\"_ _1\"></span>amenta<span class=\"_ _1\"></span>ta corr<span class=\"_ _1\"></span>enti e non co<span class=\"_ _1\"></span>rrenti<span class=\"lse\">. </span><span class=\"ff3\"> </span>La <span class=\"_ _a\"></span>voce <span class=\"_ _5\"></span>Balance <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _2\"></span>anno, <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>rminale <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rott<span class=\"_ _1\"></span>a, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>iscritta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _41\"> </span> bilancio <span class=\"_ _b\"></span>nel <span class=\"_ _9\"> </span>momen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>cui <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _9\"> </span>ha <span class=\"_ _b\"></span>soddis<span class=\"_ _1\"></span>fa<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _9\"> </span>obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>tion <span class=\"_ _9\"> </span>pattui<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>il<span class=\"_ _41\"> </span> clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>ha <span class=\"_ _a\"></span>quindi <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>diritto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>incondizi<span class=\"_ _1\"></span>onato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ricever<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>(e <span class=\"_ _a\"></span>quindi <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>credito <span class=\"_ _4\"></span>se<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> positivo), o un<span class=\"_ _1\"></span> obbligo a ret<span class=\"_ _1\"></span>roceder<span class=\"_ _1\"></span>e una parte del c<span class=\"_ _1\"></span>orrispettivo (e<span class=\"_ _1\"></span> quindi il re<span class=\"_ _1\"></span>lativo debit<span class=\"_ _1\"></span>o se nega<span class=\"_ _1\"></span>tivo) la<span class=\"_ _41\"> </span> cui <span class=\"_ _5\"></span>unica <span class=\"_ _5\"></span>variabil<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>dett<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>trasc<span class=\"_ _1\"></span>orrer<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>mpo, <span class=\"_ _5\"></span>cos\u00ec <span class=\"_ _4\"></span>come <span class=\"_ _5\"></span>stabil<span class=\"_ _1\"></span>ito <span class=\"_ _5\"></span>dagli <span class=\"_ _a\"></span>specifici <span class=\"_ _5\"></span>meccanismi <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span> ambito t<span class=\"_ _1\"></span>ariffa<span class=\"_ _1\"></span>rio. <span class=\"ff3\"> </span>La <span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>Balance <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _6\"></span>imputat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>prima <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>due <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>mentre<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio<span class=\"_ _41\"> </span> in <span class=\"_ _7\"> </span>chiusur<span class=\"_ _1\"></span>a, <span class=\"_ _7\"> </span>viene  riversa<span class=\"_ _1\"></span>to  a <span class=\"_ _7\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>economico  il <span class=\"_ _7\"> </span>cre<span class=\"_ _1\"></span>dito/debito  per <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>regol<span class=\"_ _1\"></span>amenta<span class=\"_ _1\"></span>ta  rilevati<span class=\"_ _41\"> </span> attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so la voce U<span class=\"_ _1\"></span>tilizzo B<span class=\"_ _1\"></span>alance ed incluso nell<span class=\"_ _1\"></span>a tariff<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>anno.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>T<span class=\"_ _6\"></span>enut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>conto <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>balance <span class=\"_ _5\"></span>attivi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>passivi <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>diff<span class=\"_ _1\"></span>erito <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>tempo <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>avviene <span class=\"_ _4\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span> piani <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cupero definiti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>tariff<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>acc<span class=\"_ _1\"></span>ordo <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>principio <span class=\"_ _4\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _4\"></span>15, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Capogruppo procede<span class=\"_ _41\"> </span> alla misura<span class=\"_ _1\"></span>zione di detti ricavi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>enendo conto dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>tto finanziario, c<span class=\"_ _1\"></span>on rilevazione inizia<span class=\"_ _1\"></span>le al <span class=\"_ _4\"></span>lor<span class=\"_ _1\"></span>o valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> attuale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>successiva <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>proven<span class=\"_ _1\"></span>ti/oneri <span class=\"_ _b\"></span>finanziari <span class=\"_ _b\"></span>matur<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>fino <span class=\"_ _9\"> </span>alla<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>imputazione <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span> tariff<span class=\"_ _1\"></span>a. <span class=\"ff3\"> </span>Se <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>piani <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>vengono <span class=\"_ _5\"></span>modificati, <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _4\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>ttificar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span> val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>credit<span class=\"_ _1\"></span>o/debito <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>regolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>fine <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rifletter<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>stimati<span class=\"_ _41\"> </span> eff<span class=\"_ _1\"></span>ettivi e <span class=\"_ _1\"></span>ridetermina<span class=\"_ _1\"></span>ti. Si <span class=\"_ _1\"></span>procede<span class=\"_ _1\"></span>, quindi, al <span class=\"_ _1\"></span>ricalcolo <span class=\"_ _1\"></span>del val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>ontabile<span class=\"_ _1\"></span> determi<span class=\"_ _1\"></span>nando il va<span class=\"_ _1\"></span>lore a<span class=\"_ _1\"></span>ttuale<span class=\"_ _41\"> </span> dei <span class=\"_ _9\"> </span>fl<span class=\"_ _1\"></span>uss<span class=\"_ _4\"></span>i <span class=\"_ _b\"></span>finanziari <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _9\"> </span>ridet<span class=\"_ _1\"></span>erminati <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>pplicando <span class=\"_ _b\"></span>il <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>asso <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse <span class=\"_ _9\"> </span>origina<span class=\"_ _1\"></span>rio; <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span> gener<span class=\"_ _1\"></span>a, <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>rettific<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>debito/cr<span class=\"_ _1\"></span>edito<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>regolamenta<span class=\"_ _1\"></span>ta, <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>rilev<span class=\"_ _1\"></span>ata <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span> economic<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>tra<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>le  compo<span class=\"_ _1\"></span>nenti  di  natura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>finanziaria.<span class=\"_ _1\"></span>  L<span class=\"_ _4\"></span>a  modific<span class=\"_ _1\"></span>a  nei <span class=\"_ _7\"> </span>piani  di  re<span class=\"_ _1\"></span>cupero  del  Balance,<span class=\"_ _41\"> </span> tra<span class=\"_ _1\"></span>ttandosi <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>un<span class=\"_ _4\"></span>a <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>visione <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>time <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>ottenimen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>nuove <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>ult<span class=\"_ _1\"></span>eriori <span class=\"_ _b\"></span>informazi<span class=\"_ _1\"></span>oni, <span class=\"_ _9\"> </span>non<span class=\"_ _41\"> </span> comport<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>ridet<span class=\"_ _1\"></span>erminazione dei <span class=\"_ _4\"></span>saldi <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativi ai <span class=\"_ _4\"></span>bilanci <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedenti <span class=\"_ _4\"></span>ma un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>applicazione prospettic<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span> modifiche.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Il <span class=\"_ _12\"> </span>Balance <span class=\"_ _7\"> </span>include <span class=\"_ _12\"> </span>anche <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>compo<span class=\"_ _1\"></span>nente <span class=\"_ _12\"> </span>finanziar<span class=\"_ _1\"></span>ia <span class=\"_ _12\"> </span>significa<span class=\"_ _1\"></span>tiva, <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>vente<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>orizz<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>tempor<span class=\"_ _1\"></span>ale<span class=\"_ _41\"> </span> maggiore <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>12 <span class=\"_ _a\"></span>mesi. <span class=\"_ _5\"></span>Per <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _a\"></span>ragi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ettifica <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>prezz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>operazione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span> val<span class=\"_ _1\"></span>ore te<span class=\"_ _1\"></span>mporale del denar<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span>Contributi<span class=\"_ _1\"></span><span class=\"ffd\"> </span>I <span class=\"_ _5\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>esercizio <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>on<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>compet<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>sorto <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>ragio<span class=\"_ _1\"></span>nevole certezz<span class=\"_ _1\"></span>a il diritt<span class=\"_ _1\"></span>o a percepirl<span class=\"_ _1\"></span>i, indipendent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e dalla dat<span class=\"_ _1\"></span>a di incasso.  <span class=\"ff3\"> </span>I <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontributi pubblici <span class=\"_ _4\"></span>in cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>impianti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>una<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>deliber<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormale <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttribuzione da parte <span class=\"_ _9\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ante <span class=\"_ _9\"> </span>e <span class=\"_ _b\"> </span>s<span class=\"_ _4\"></span>olo <span class=\"_ _b\"></span>se <span class=\"_ _9\"> </span>vi <span class=\"_ _9\"> </span>\u00e8, <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>base <span class=\"_ _b\"> </span>alle <span class=\"_ _9\"> </span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _9\"> </span>disponibi<span class=\"_ _1\"></span>li <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>chiusu<span class=\"_ _1\"></span>ra dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio,  la <span class=\"_ _7\"> </span>ra<span class=\"_ _1\"></span>gionevole  certezz<span class=\"_ _1\"></span>a  che<span class=\"_ _4\"></span>  il <span class=\"_ _7\"> </span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _7\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>agevola<span class=\"_ _1\"></span>zione  venga  eff<span class=\"_ _1\"></span>ettivamen<span class=\"_ _1\"></span>te re<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tessi <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>anno <span class=\"_ _1\"></span>ricevuti<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pubblici <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>pianti <span class=\"_ _1\"></span>vengo<span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti in <span class=\"_ _7\"> </span>un\u2019<span class=\"_ _6\"></span>apposita<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>voce <span class=\"_ _7\"> </span>del <span class=\"_ _7\"> </span>passivo<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>corr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>e <span class=\"_ _7\"> </span>non <span class=\"_ _12\"> </span>co<span class=\"_ _1\"></span>rren<span class=\"_ _1\"></span>te, <span class=\"_ _7\"> </span>a <span class=\"_ _12\"> </span>seco<span class=\"_ _1\"></span>nda <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>previs<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>te<span class=\"_ _4\"></span>mpis<span class=\"_ _1\"></span>tiche <span class=\"_ _12\"> </span>di river<span class=\"_ _1\"></span>samento<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>ed <span class=\"_ _12\"> </span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>economico <span class=\"_ _7\"> </span>come <span class=\"_ _12\"> </span>pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>quote <span class=\"_ _12\"> </span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _12\"> </span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>con rif<span class=\"_ _1\"></span>erimento alla <span class=\"_ _4\"></span>vit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>bene <span class=\"_ _4\"></span>cui il <span class=\"_ _4\"></span>contrib<span class=\"_ _1\"></span>uto <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>irett<span class=\"_ _1\"></span>amente riferibil<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>gar<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>endo <span class=\"_ _4\"></span>in questo modo una corr<span class=\"_ _1\"></span>elazione con gli<span class=\"_ _1\"></span> ammorta<span class=\"_ _1\"></span>menti rela<span class=\"_ _1\"></span>tivi ai medesimi beni.<span class=\"ff3\"> </span>Dividendi<span class=\"ffd\"> </span>I <span class=\"_ _a\"></span>dividendi <span class=\"_ _a\"></span>ricevuti <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _a\"></span>parte<span class=\"_ _1\"></span>cipate <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>consolida<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>egrale <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>ricono<span class=\"_ _1\"></span>sciuti <span class=\"_ _b\"></span>a cont<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _9\"> </span>nel <span class=\"_ _b\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ui <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>il <span class=\"_ _b\"></span>diritto <span class=\"_ _9\"> </span>inc<span class=\"_ _1\"></span>ondizionat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>degli <span class=\"_ _b\"></span>Azionisti <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>riceverne<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>il pag<span class=\"_ _1\"></span>amento che n<span class=\"_ _1\"></span>ormalmente<span class=\"_ _1\"></span> corrisponde con la<span class=\"_ _1\"></span> delibera assem<span class=\"_ _1\"></span>bleare di di<span class=\"_ _1\"></span>stribuzione dei<span class=\"_ _1\"></span> dividendi. <span class=\"ff3\"> </span>Costi<span class=\"_ _41\"> </span><span class=\"_ _1\"></span><span class=\"ffd\"> </span>I <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>iscri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>quando riguardano beni <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>servizi venduti <span class=\"_ _4\"></span>o consumati nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ripa<span class=\"_ _1\"></span>rtizione<span class=\"_ _41\"> </span> sist<span class=\"_ _1\"></span>ematica ovve<span class=\"_ _1\"></span>ro quando<span class=\"_ _1\"></span> non si possa ide<span class=\"_ _1\"></span>ntificar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>utilit\u00e0 futur<span class=\"_ _1\"></span>a degli st<span class=\"_ _1\"></span>essi.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>I <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>tualmente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>decre<span class=\"_ _1\"></span>mento <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>benefici<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>economici<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>associ<span class=\"_ _1\"></span>ati<span class=\"_ _41\"> </span> alla <span class=\"_ _6\"></span>riduzione <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>un\u2019<span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>qualora<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tale <span class=\"_ _6\"></span>decre<span class=\"_ _1\"></span>mento <span class=\"_ _6\"></span>possa <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminato<span class=\"_ _41\"> </span> e misura<span class=\"_ _1\"></span>to in modo a<span class=\"_ _1\"></span>ttendibil<span class=\"_ _1\"></span>e. <span class=\"ff3\"> </span>Proven<span class=\"_ _1\"></span>ti e oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>I <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oventi e <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>oneri finanziari <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati per <span class=\"_ _4\"></span>compet<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _4\"></span>matu<span class=\"_ _1\"></span>rati sul <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> netto <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>elative <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _9\"> </span>finanzi<span class=\"_ _1\"></span>arie, <span class=\"_ _9\"> </span>util<span class=\"_ _1\"></span>izzando <span class=\"_ _b\"></span>il <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e, <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>ddove<span class=\"_ _41\"> </span> prev<span class=\"_ _1\"></span>isto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Il <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>esatt<span class=\"_ _1\"></span>amente <span class=\"_ _5\"></span>i<span class=\"_ _41\"> </span> pag<span class=\"_ _1\"></span>amenti <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>incassi <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>lungo <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esa <span class=\"_ _5\"></span>dello <span class=\"_ _4\"></span>strument<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanziario, <span class=\"_ _4\"></span>od <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>opportuno <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span> periodo <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>bre<span class=\"_ _1\"></span>ve, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>abile <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _5\"></span>attivi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rilevati<span class=\"_ _41\"> </span> nella misura <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui \u00e8 <span class=\"_ _4\"></span>pro<span class=\"_ _1\"></span>babile <span class=\"_ _4\"></span>che i <span class=\"_ _4\"></span>benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>affluir<span class=\"_ _1\"></span>anno <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>loro ammontar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>possa<span class=\"_ _41\"> </span> esser<span class=\"_ _1\"></span>e attendibil<span class=\"_ _1\"></span>mente v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span>Impost<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>Le <span class=\"_ _a\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>red<span class=\"_ _1\"></span>dito <span class=\"_ _a\"></span>(IRES <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>IRAP) <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>migliore <span class=\"_ _a\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>reddito<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> imponibile <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>e vi<span class=\"_ _1\"></span>gente <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>aesi <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>esercit<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> la <span class=\"_ _1\"></span>sua <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>applicando <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>aliquote <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>enti. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>debito <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> st<span class=\"_ _1\"></span>ato pa<span class=\"_ _1\"></span>trimoniale al nett<span class=\"_ _1\"></span>o di eventual<span class=\"_ _1\"></span>i acconti di i<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>a paga<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sul re<span class=\"_ _1\"></span>ddito diffe<span class=\"_ _1\"></span>rite e anticipa<span class=\"_ _1\"></span>te sono <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcola<span class=\"_ _1\"></span>te a front<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>tutt<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e tempor<span class=\"_ _1\"></span>anee che<span class=\"_ _41\"> </span> emer<span class=\"_ _1\"></span>gono <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alori <span class=\"_ _b\"> </span>patrimoniali <span class=\"_ _b\"></span>iscritti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>bilancio <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>i <span class=\"_ _b\"></span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>valori <span class=\"_ _b\"></span>ai <span class=\"_ _b\"> </span>fini <span class=\"_ _9\"> </span>fisc<span class=\"_ _1\"></span>ali, <span class=\"_ _b\"> </span>applicando<span class=\"_ _41\"> </span> l\u2019<span class=\"_ _6\"></span>aliquot<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fiscale <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>vigore <span class=\"_ _6\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>temporane<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>ser\u00e0<span class=\"_ _1\"></span>, d<span class=\"_ _1\"></span>etermina<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>delle<span class=\"_ _41\"> </span> aliquot<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>fiscali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _4\"></span>provvedimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>vigenti <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tanzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimen<span class=\"_ _1\"></span>to. <span class=\"_ _4\"></span>Le<span class=\"_ _41\"> </span> attivit<span class=\"_ _1\"></span>\u00e0 per <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>e per <span class=\"_ _1\"></span>tutte <span class=\"_ _1\"></span>le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze <span class=\"_ _1\"></span>tempora<span class=\"_ _1\"></span>nee de<span class=\"_ _1\"></span>duc<span class=\"_ _4\"></span>ibil<span class=\"_ _1\"></span>i in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi futuri <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span> solo quando il lor<span class=\"_ _1\"></span>o recuper<span class=\"_ _1\"></span>o \u00e8 pr<span class=\"_ _1\"></span>obabile, ovver<span class=\"_ _1\"></span>o se si pr<span class=\"_ _1\"></span>evede che ve<span class=\"_ _1\"></span>rranno r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati in futuro im<span class=\"_ _1\"></span>ponibili<span class=\"_ _41\"> </span> fiscali<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sufficienti  a  r<span class=\"_ _1\"></span>ecupera<span class=\"_ _1\"></span>re  l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0.  L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>  passivit\u00e0  per  impos<span class=\"_ _1\"></span>te  diffe<span class=\"_ _1\"></span>rite  sono  rileva<span class=\"_ _1\"></span>te  per  tutte  le<span class=\"_ _41\"> </span> di<span class=\"ls0\">ff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze <span class=\"_ _6\"></span>tempora<span class=\"_ _1\"></span>nee <span class=\"_ _1\"></span>imponibili<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _6\"></span>futuri <span class=\"_ _1\"></span>salvo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>deriva <span class=\"_ _6\"></span>dalla: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>inizia<span class=\"_ _1\"></span>le<span class=\"_ _41\"> </span></span><span class=\"ls0\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento; <span class=\"_ _12\"> </span>ii) <span class=\"_ _c\"> </span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>iniziale <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _12\"> </span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>una <span class=\"_ _c\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>un\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>che <span class=\"_ _12\"> </span>non<span class=\"_ _41\"> </span> ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _6\"></span>aggr<span class=\"_ _1\"></span>egazione <span class=\"_ _7\"> </span>aziendale <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>ch<span class=\"_ _4\"></span>e <span class=\"_ _7\"> </span>al <span class=\"_ _12\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dell\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _7\"> </span>non <span class=\"_ _12\"> </span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _7\"> </span>n\u00e9 <span class=\"_ _12\"> </span>l\u2019utile<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>abile n\u00e9 il r<span class=\"_ _1\"></span>eddito imponibil<span class=\"_ _1\"></span>e (perdit<span class=\"_ _1\"></span>a fiscale)<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff3\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti, le attivi<span class=\"_ _1\"></span>t\u00e0 per imposte anticipa<span class=\"_ _1\"></span>te e le passivit\u00e0 per impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>e s<span class=\"_ _4\"></span>ono imput<span class=\"_ _1\"></span>ate a<span class=\"_ _41\"> </span> cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ecc<span class=\"_ _1\"></span>ezione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>voci <span class=\"_ _4\"></span>dir<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>addebit<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accre<span class=\"_ _1\"></span>ditat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _41\"> </span> componen<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>complessi<span class=\"_ _1\"></span>vo ovv<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>a e<span class=\"_ _1\"></span>lementi de<span class=\"_ _1\"></span>l patri<span class=\"_ _1\"></span>monio n<span class=\"_ _1\"></span>etto. I<span class=\"_ _1\"></span>n t<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>asi l\u2019<span class=\"_ _2\"></span>effett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> fiscale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>imput<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>componenti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _a\"></span>complessivo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ovvero <span class=\"_ _a\"></span>nel<span class=\"_ _41\"> </span> patrimonio <span class=\"_ _1\"></span>netto. <span class=\"ff3\"> </span>Le <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>anticipa<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>imposte<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>differit<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>medesima <span class=\"_ _5\"></span>autorit\u00e0<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> fiscale<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>compensat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>se <span class=\"_ _9\"> </span>esis<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>un <span class=\"_ _9\"> </span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>leg<span class=\"_ _1\"></span>alment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>eser<span class=\"_ _1\"></span>citabile <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ompensare <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>importi <span class=\"_ _9\"> </span>delle<span class=\"_ _41\"> </span> attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fisca<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fiscali <span class=\"_ _6\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>genere<span class=\"_ _1\"></span>ranno <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>sament<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff3\"> </span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>anti<span class=\"_ _1\"></span>cipate e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifi<span class=\"_ _1\"></span>cate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te tra<span class=\"_ _41\"> </span> le attivi<span class=\"_ _1\"></span>t\u00e0 e le passivit<span class=\"_ _1\"></span>\u00e0 non c<span class=\"_ _1\"></span>orrenti e c<span class=\"_ _1\"></span>ompensate<span class=\"_ _1\"></span> laddove possibil<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Le impost<span class=\"_ _1\"></span>e e tasse non corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te al reddit<span class=\"_ _1\"></span>o sono<span class=\"_ _4\"></span> inclu<span class=\"_ _1\"></span>se nella voce<span class=\"_ _1\"></span> di conto ec<span class=\"_ _1\"></span>ono<span class=\"_ _4\"></span>mic<span class=\"_ _1\"></span>o definita altri<span class=\"_ _1\"></span> costi<span class=\"_ _41\"> </span> opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>applicat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>esenzione <span class=\"_ _4\"></span>obblig<span class=\"_ _1\"></span>atoria <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>informa<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>pass<span class=\"_ _4\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span> per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _4\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _4\"></span>dalla <span class=\"_ _4\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>Global <span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>-Base <span class=\"_ _4\"></span>Er<span class=\"_ _1\"></span>osion <span class=\"_ _4\"></span>rules <span class=\"_ _4\"></span>(\"GloBE <span class=\"_ _4\"></span>Rule<span class=\"_ _1\"></span>s\u201d).<span class=\"_ _41\"> </span> Ult<span class=\"_ _1\"></span>eriormente, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _7\"> </span>ha <span class=\"_ _12\"> </span>rivist<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>truttur<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>societa<span class=\"_ _1\"></span>ria <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>luce <span class=\"_ _12\"> </span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _12\"> </span>della<span class=\"_ _41\"> </span> normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _5\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>legislazioni. <span class=\"_ _4\"></span>Essendo <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>iquota <span class=\"_ _4\"></span>fiscale <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>ettiva <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _4\"></span>superiore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al<span class=\"_ _41\"> </span> 15% <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>utte <span class=\"_ _4\"></span>le giurisdizioni <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>pera, <span class=\"_ _4\"></span>il Gruppo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>ricader<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> di <span class=\"_ _b\"></span>applicazione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>Pill<span class=\"_ _1\"></span>ar <span class=\"_ _9\"> </span>T<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>il <span class=\"_ _b\"></span>calc<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>c.d. <span class=\"_ _b\"></span>\u201c<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>op-Up <span class=\"_ _b\"></span>tax\u201d<span class=\"_ _6\"></span>. <span class=\"_ _b\"></span>Conseguent<span class=\"_ _1\"></span>emente <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span> bilancio consolida<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del Gruppo non include <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormazioni richiest<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dai para<span class=\"_ _1\"></span>grafi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>88A-88D <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>IAS 12,<span class=\"_ _41\"> </span> intr<span class=\"_ _1\"></span>odotti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>seguito <span class=\"_ _5\"></span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>parte <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _1\"></span>OCSE <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>citat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ristruttura<span class=\"_ _1\"></span>zione <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>regole <span class=\"_ _a\"></span>fisca<span class=\"_ _1\"></span>li<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>ernazionali per le impr<span class=\"_ _1\"></span>ese multinazionali.<span class=\"_ _41\"> </span>Parti<span class=\"_ _1\"></span> Correlate Le <span class=\"_ _9\"> </span>parti <span class=\"_ _9\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ono <span class=\"_ _9\"> </span>ide<span class=\"_ _1\"></span>ntifica<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>da <span class=\"_ _9\"> </span>parte <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _9\"> </span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>acc<span class=\"_ _1\"></span>ordo <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>IAS <span class=\"_ _9\"> </span>24. <span class=\"_ _9\"> </span>In<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>ale, <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>parti <span class=\"_ _a\"></span>corre<span class=\"_ _1\"></span>late <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>endono <span class=\"_ _a\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>condividono<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>Capogruppo <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span>medesimo <span class=\"_ _c\"> </span>soggett<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>contr<span class=\"_ _1\"></span>ollan<span class=\"_ _1\"></span>te, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span>rettament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>indirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>contr<span class=\"_ _1\"></span>ollano,<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sono<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, oppure so<span class=\"_ _1\"></span>no soggette<span class=\"_ _1\"></span> a contr<span class=\"_ _1\"></span>ollo congiunt<span class=\"_ _1\"></span>o da part<span class=\"_ _1\"></span>e della Capogrup<span class=\"_ _1\"></span>po e quelle nel<span class=\"_ _1\"></span>le quali la<span class=\"_ _41\"> </span>medesima detie<span class=\"_ _1\"></span>ne una part<span class=\"_ _1\"></span>ecipazione ta<span class=\"_ _1\"></span>le da poter es<span class=\"_ _1\"></span>ercit<span class=\"_ _1\"></span>are un\u2019infl<span class=\"_ _1\"></span>uenza not<span class=\"_ _1\"></span>evole. Nella d<span class=\"_ _1\"></span>efinizione di<span class=\"_ _41\"> </span>parti <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>elate<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>rie<span class=\"_ _1\"></span>ntrano<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>inoltre, <span class=\"_ _b\"></span>quelle <span class=\"_ _a\"></span>entit\u00e0 <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>ges<span class=\"_ _1\"></span>tiscono <span class=\"_ _b\"></span>piani <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>benefici <span class=\"_ _a\"></span>post-pensio<span class=\"_ _1\"></span>nistici <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i<span class=\"_ _41\"> </span>dipendenti<span class=\"_ _1\"></span> della Capogruppo o <span class=\"_ _1\"></span>di sue societ\u00e0<span class=\"_ _1\"></span> correla<span class=\"_ _1\"></span>te, nonch\u00e9 gli am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>atori e i<span class=\"_ _1\"></span> loro str<span class=\"_ _1\"></span>etti f<span class=\"_ _1\"></span>amiliari,<span class=\"_ _41\"> </span>i <span class=\"_ _7\"> </span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>e<span class=\"_ _1\"></span>ffettivi<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>del <span class=\"_ _7\"> </span>Collegio <span class=\"_ _7\"> </span>Sindacale <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>loro <span class=\"_ _7\"> </span>str<span class=\"_ _1\"></span>etti <span class=\"_ _7\"> </span>fa<span class=\"_ _1\"></span>miliari, <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>dirigenti <span class=\"_ _7\"> </span>con <span class=\"_ _7\"> </span>re<span class=\"_ _1\"></span>sponsabilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egiche <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>i <span class=\"_ _12\"> </span>lor<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>stre<span class=\"_ _1\"></span>tti <span class=\"_ _12\"> </span>f<span class=\"_ _1\"></span>amiliari, <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>Capogruppo <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>delle  societ\u00e0 <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>quest<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>dirett<span class=\"_ _1\"></span>amente  e/o<span class=\"_ _41\"> </span>indir<span class=\"_ _1\"></span>ettament<span class=\"_ _1\"></span>e contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e. Pe<span class=\"_ _1\"></span>r <span class=\"_ _2c\"> </span>parti <span class=\"_ _2c\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _2c\"> </span>est<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>ne <span class=\"_ _2b\"> </span>al <span class=\"_ _2b\"> </span>Gruppo <span class=\"_ _2c\"> </span>si <span class=\"_ _2c\"> </span>int<span class=\"_ _1\"></span>endono <span class=\"_ _2c\"> </span>il <span class=\"_ _2b\"> </span>Ministe<span class=\"_ _1\"></span>ro <span class=\"_ _2b\"> </span>vigilante <span class=\"_ _2b\"> </span>quale <span class=\"_ _2b\"> </span>il <span class=\"_ _2b\"> </span>Minister<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019Inf<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>asporti (MIT) e il<span class=\"_ _1\"></span> Minister<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>trollan<span class=\"_ _1\"></span>te quale il Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o dell\u2019Eco<span class=\"_ _1\"></span>nomia e delle<span class=\"_ _41\"> </span>Finanz<span class=\"_ _1\"></span>e (MEF), le entit<span class=\"_ _1\"></span>\u00e0 sott<span class=\"_ _1\"></span>o il contr<span class=\"_ _1\"></span>ollo, anche<span class=\"_ _1\"></span> congiunto<span class=\"_ _1\"></span>, del MEF e le socie<span class=\"_ _1\"></span>t\u00e0 a <span class=\"_ _1\"></span>queste c<span class=\"_ _1\"></span>olleg<span class=\"_ _1\"></span>ate. Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>dettaglio <span class=\"_ _b\"></span>dei <span class=\"_ _9\"> </span>suddetti <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>apporti <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _9\"> </span>parti <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orre<span class=\"_ _1\"></span>late <span class=\"_ _9\"> </span>si <span class=\"_ _b\"> </span>rinvia <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>nota <span class=\"_ _9\"> </span>n<span class=\"_ _1\"></span>. <span class=\"_ _9\"> </span>33 <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>Bi<span class=\"_ _1\"></span>lancio<span class=\"_ _41\"> </span>Consolidat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Settori <span class=\"_ _1\"></span>operativi<span class=\"_ _41\"> </span>In accordo con <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>principio IFRS <span class=\"_ _4\"></span>8 un <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ettore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo \u00e8 <span class=\"_ _4\"></span>una component<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di un\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0: <span class=\"_ _4\"></span>i) che <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>trapr<span class=\"_ _1\"></span>ende<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>impr<span class=\"_ _1\"></span>enditorial<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>neratrici<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di ricavi e costi, ii) i <span class=\"_ _4\"></span>cui risulta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativi sono rivisti periodicamen<span class=\"_ _1\"></span>te al<span class=\"_ _41\"> </span>pi\u00f9 <span class=\"_ _5\"></span>alto <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>decisionale <span class=\"_ _4\"></span>operativo<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>fini <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>adozi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>decisioni <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>merito <span class=\"_ _5\"></span>alle <span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>or<span class=\"_ _1\"></span>se <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>alloc<span class=\"_ _1\"></span>are al sett<span class=\"_ _1\"></span>ore, iii) per la<span class=\"_ _1\"></span> quale sono disponibili in<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>mazioni di bilancio separ<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Ai <span class=\"_ _1\"></span>fini <span class=\"_ _6\"></span>ges<span class=\"_ _1\"></span>tionali, <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tegiche <span class=\"_ _6\"></span>identifica<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>natur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orniti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>esenta, <span class=\"_ _6\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _6\"></span>dell\u2019inf<span class=\"_ _1\"></span>ormativa<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>settori <span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _6\"></span>(servizi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>assiste<span class=\"_ _1\"></span>nza <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>volo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>servizi<span class=\"_ _41\"> </span>di manutenzione e<span class=\"_ _1\"></span> soluzioni softwar<span class=\"_ _1\"></span>e AIM) coincide<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>on le unit\u00e0 gener<span class=\"_ _1\"></span>atrici<span class=\"_ _1\"></span> di flussi finanziari (C<span class=\"_ _1\"></span>GU). \u00c8<span class=\"_ _41\"> </span>inoltr<span class=\"_ _1\"></span>e previs<span class=\"_ _1\"></span>to un <span class=\"_ _4\"></span>quart<span class=\"_ _1\"></span>o settor<span class=\"_ _1\"></span>e operativo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>e natura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>esiduale che include le operazi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eribili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>minoritarie, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>ricadono <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>settori <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>sopra <span class=\"_ _4\"></span>menziona<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>monitora<span class=\"_ _1\"></span>ggio<span class=\"_ _41\"> </span>separ<span class=\"_ _1\"></span>ato.<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ttori <span class=\"_ _5\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2025, <span class=\"_ _a\"></span>compar<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>dati <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>sono<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornite nella not<span class=\"_ _1\"></span>a 32 Inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a per settori<span class=\"_ _1\"></span> opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Utile/(P<span class=\"_ _1\"></span>erdita) b<span class=\"_ _1\"></span>ase e diluita per<span class=\"_ _1\"></span> azione<span class=\"_ _41\"> </span>In <span class=\"_ _a\"></span>accor<span class=\"_ _1\"></span>do <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>principio <span class=\"_ _5\"></span>IAS <span class=\"_ _a\"></span>33, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _1\"></span>utile <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azione <span class=\"_ _5\"></span>viene <span class=\"_ _a\"></span>calc<span class=\"_ _1\"></span>olato <span class=\"_ _5\"></span>come <span class=\"_ _a\"></span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>l\u2019<span class=\"_ _1\"></span>utile <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>la<span class=\"_ _41\"> </span>perdit<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttribuibile agli <span class=\"_ _4\"></span>azi<span class=\"_ _1\"></span>onisti possessori di <span class=\"_ _4\"></span>azioni ordinarie<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della Capogruppo per <span class=\"_ _4\"></span>la media<span class=\"_ _41\"> </span>pondera<span class=\"_ _1\"></span>ta del<span class=\"_ _1\"></span>le azioni ordina<span class=\"_ _1\"></span>rie in circolazi<span class=\"_ _1\"></span>one nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o, escluse le azioni pr<span class=\"_ _1\"></span>oprie. L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e base coincide c<span class=\"_ _1\"></span>on l\u2019<span class=\"_ _1\"></span>utile diluito dal<span class=\"_ _1\"></span> momento<span class=\"_ _1\"></span> che alla da<span class=\"_ _1\"></span>ta di re<span class=\"_ _1\"></span>dazione del bilancio non<span class=\"_ _1\"></span> sussist<span class=\"_ _1\"></span>ono<span class=\"_ _41\"> </span>potenzia<span class=\"_ _1\"></span>li azioni <span class=\"_ _1\"></span>ordina<span class=\"_ _1\"></span>rie, ovver<span class=\"_ _1\"></span>o azioni <span class=\"_ _1\"></span>che non <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>ancor<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>o origine <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>emissione <span class=\"_ _1\"></span>di tit<span class=\"_ _1\"></span>oli azionari<span class=\"_ _41\"> </span>pur in pre<span class=\"_ _1\"></span>senza di<span class=\"_ _1\"></span> presuppos<span class=\"_ _1\"></span>ti giuridici con pote<span class=\"_ _1\"></span>nziali eff<span class=\"_ _1\"></span>etti dil<span class=\"_ _1\"></span>uitivi.<span class=\"_ _41\"> </span>Riclassifica <span class=\"_ _1\"></span>dei dati patrimoniali<span class=\"_ _41\"> </span>Al <span class=\"_ _d\"> </span>fine <span class=\"_ _25\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>migli<span class=\"_ _1\"></span>orar<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>la <span class=\"_ _d\"> </span>r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tazione <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>talune<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>c<span class=\"_ _1\"></span>omponenti <span class=\"_ _d\"> </span>patri<span class=\"_ _1\"></span>moniali, <span class=\"_ _d\"> </span>fornendo<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>maggiori<span class=\"_ _41\"> </span>inf<span class=\"_ _1\"></span>ormazioni ai fruitori del bilancio dirett<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel pr<span class=\"_ _1\"></span>ospetto della situazione patrimonial<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>\u2013 <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>aria<span class=\"_ _41\"> </span>consolida<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quanto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _2\"></span>ambito <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>note <span class=\"_ _4\"></span>ill<span class=\"_ _1\"></span>ustra<span class=\"_ _1\"></span>tive, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>2025<span class=\"_ _41\"> </span>si  \u00e8  pr<span class=\"_ _1\"></span>oceduto <span class=\"_ _10\"> </span>ad  e<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ettuar<span class=\"_ _1\"></span>e  alcune  ricla<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>ifi<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>e  tra<span class=\"_ _1\"></span>  le  voci  pa<span class=\"_ _1\"></span>trimoniali,  i<span class=\"_ _1\"></span>mprodutti<span class=\"_ _1\"></span>ve  di <span class=\"_ _10\"> </span>eff<span class=\"_ _1\"></span>etti  sul<span class=\"_ _41\"> </span>patrimonio<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>netto.<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Al <span class=\"_ _4\"></span>fine di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>avorir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la compar<span class=\"_ _1\"></span>abilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>dei dati <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>preced<span class=\"_ _1\"></span>ente, si <span class=\"_ _5\"></span>\u00e8 proceduto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>riclassific<span class=\"_ _1\"></span>are  alcune  voci  del  pros<span class=\"_ _1\"></span>petto  della  situazione<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>patrimonia<span class=\"_ _1\"></span>le <span class=\"_ _7\"> </span>\u2013 <span class=\"_ _7\"> </span>finanzia<span class=\"_ _1\"></span>ria <span class=\"_ _7\"> </span>consoli<span class=\"_ _1\"></span>data  al  31<span class=\"_ _41\"> </span>dicembr<span class=\"_ _1\"></span>e 2024 e dei flussi de<span class=\"_ _1\"></span>l rendicon<span class=\"_ _1\"></span>to finanziario c<span class=\"_ _1\"></span>onsolidat<span class=\"_ _1\"></span>o. Nella t<span class=\"_ _1\"></span>abella seguent<span class=\"_ _1\"></span>e sono riporta<span class=\"_ _1\"></span>te le voci<span class=\"_ _1\"></span> og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto di ricl<span class=\"_ _1\"></span>assifica con i r<span class=\"_ _1\"></span>elativi<span class=\"_ _1\"></span> importi.<div class=\"gs6\"><table class=\"s w325 h71a\" id=\"_aa9cb379-aa2c-429b-8601-a644aa288873\"><tr><td class=\"c x207 y152b w331 h702\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">Prospett<span class=\"_ _1\"></span>o della Situazione Pa<span class=\"_ _1\"></span>tr<span class=\"_ _4\"></span>imonial<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>-<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td class=\"c x249 y152b w332 h702\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024 pos<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x207 y152c w333 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">Finanziaria Consolida<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span></div></td><td class=\"c x24a y152d w1ad h44\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Note<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24b y152d w1ae h44\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y152d w1af h44\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">riclassifica<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24d y152c w334 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">riclassifica<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y152e wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivo<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y152f wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 per imposte an<span class=\"_ _1\"></span>ticipate<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y152f w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y152f w1ae h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.578<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y152f w1af h2c\"><div class=\"t m0 x57 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.954)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y152f w56 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.624<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1530 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali corre<span class=\"_ _1\"></span>nti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1530 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">14<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1530 w1ae h2c\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">456.003<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1530 w1af h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(223.541)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1530 w56 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">232.462<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1531 wb0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti da attivit\u00e0 regolament<span class=\"_ _1\"></span>ata corre<span class=\"_ _1\"></span>nti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1531 w1ad h2f\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1531 w1ae h2f\"><div class=\"t m0 x1d9 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1531 w1af h2f\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">223.541<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1531 w56 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">223.541<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1532 wb0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti T<span class=\"_ _1\"></span>ributari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1532 w1ad h2f\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1532 w1ae h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.382<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1532 w1af h2f\"><div class=\"t m0 x57 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.382)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1532 w56 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1533 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti p<span class=\"_ _4\"></span>er i<span class=\"_ _1\"></span>mposte sul reddito<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1533 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1533 w1ae h2c\"><div class=\"t m0 x1d9 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1533 w1af h2c\"><div class=\"t m0 x14 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">658<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24e y1533 w56 h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">658<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1534 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> attivit\u00e0 corren<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1534 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">16<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1534 w1ae h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.640<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1534 w1af h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.710<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1534 w56 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.350<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x24b y1535 w1ae h2f\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">510.603<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24c y1535 w1af h2f\"><div class=\"t m0 x1f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(5.968)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1535 w56 h2f\"><div class=\"t m0 x35 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">504.635<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1536 wb0 h38\"><div class=\"t m0 x0 h2 y2c3 ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vo<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1537 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ivit\u00e0 per imposte diff<span class=\"_ _1\"></span>erite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1537 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1537 w1ae h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.364<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1537 w1af h2c\"><div class=\"t m0 x57 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.954)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1537 w56 h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">410<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1538 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti commer<span class=\"_ _1\"></span>ciali non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1538 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">23<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1538 w1ae h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">29.941<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1538 w1af h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(29.725)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1538 w56 h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">216<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1539 wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamenta<span class=\"_ _1\"></span>ta non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y1539 w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y1539 w1ae h2c\"><div class=\"t m0 x1d9 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y1539 w1af h2c\"><div class=\"t m0 x3b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">29.725<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y1539 w56 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">29.725<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y153a wb0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti commer<span class=\"_ _1\"></span>ciali correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y153a w1ad h2f\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">23<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y153a w1ae h2f\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">151.426<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y153a w1af h2f\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(21.835)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y153a w56 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">129.591<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y153b wb0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamenta<span class=\"_ _1\"></span>ta correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y153b w1ad h2f\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y153b w1ae h2f\"><div class=\"t m0 x1d9 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y153b w1af h2f\"><div class=\"t m0 x3b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.835<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y153b w56 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.835<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y153c wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti tribut<span class=\"_ _1\"></span>ar<span class=\"_ _4\"></span>i e p<span class=\"_ _1\"></span>revidenziali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y153c w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y153c w1ae h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">33.564<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y153c w1af h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(33.564)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y153c w56 h2c\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y153d wb0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti per impost<span class=\"_ _1\"></span>e sul reddito<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y153d w1ad h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y153d w1ae h2c\"><div class=\"t m0 x1d9 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y153d w1af h2c\"><div class=\"t m0 x14 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">228<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24e y153d w56 h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">228<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y153e wb0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24a y153e w1ad h2f\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">24<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24b y153e w1ae h2f\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">149.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24c y153e w1af h2f\"><div class=\"t m0 x3b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.322<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y153e w56 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">180.397<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x24b y153f w1ae h2f\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">368.370<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x24c y153f w1af h2f\"><div class=\"t m0 x1f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(5.968)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x24e y153f w56 h2f\"><div class=\"t m0 x35 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">362.402<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x24e y1540 w56 h2c\"><div class=\"t m0 x5b h2 y3b6 ff11 fs8 fc0 sc0 ls0 ws0\">(migliaia<span class=\"_ _1\"></span> di euro)<span class=\"ff1 fs0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "Attivit<span class=\"_ _1\"></span>\u00e0 mater<span class=\"_ _1\"></span>iali<span class=\"_ _41\"> </span>Le Attivi<span class=\"_ _1\"></span>t\u00e0 mat<span class=\"_ _1\"></span>eriali sono isc<span class=\"_ _1\"></span>ritte al cos<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, al netto degli<span class=\"_ _1\"></span> ammortamenti<span class=\"_ _1\"></span> e delle even<span class=\"_ _1\"></span>tuali per<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lore.<span class=\"_ _41\"> </span>Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>include gli <span class=\"_ _1\"></span>oneri acce<span class=\"_ _1\"></span>ssor<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span> dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e imput<span class=\"_ _1\"></span>abili e <span class=\"_ _1\"></span>necessari al<span class=\"_ _1\"></span>la messa i<span class=\"_ _1\"></span>n funzione <span class=\"_ _1\"></span>del bene<span class=\"_ _1\"></span> per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>acquisit<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>In <span class=\"_ _5\"></span>occasione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>evisioni <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>manutenzioni <span class=\"_ _4\"></span>impo<span class=\"_ _1\"></span>rtanti, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>incluso <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore con<span class=\"_ _1\"></span>tabile dell\u2019impia<span class=\"_ _1\"></span>nto o del macc<span class=\"_ _1\"></span>hinario, ladd<span class=\"_ _1\"></span>ove sia soddis<span class=\"_ _1\"></span>fa<span class=\"_ _1\"></span>tto il crite<span class=\"_ _1\"></span>rio per la rilev<span class=\"_ _1\"></span>azione. T<span class=\"_ _6\"></span>utti<span class=\"_ _41\"> </span>gli <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tri <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ripara<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati nel <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economico <span class=\"_ _4\"></span>q<span class=\"_ _1\"></span>uando <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tenuti. <span class=\"_ _4\"></span>In ogni<span class=\"_ _41\"> </span>caso  i  cos<span class=\"_ _1\"></span>ti  sost<span class=\"_ _1\"></span>enuti  successiv<span class=\"_ _1\"></span>amente  al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>acquist<span class=\"_ _1\"></span>o  sono<span class=\"_ _4\"></span>  rile<span class=\"_ _1\"></span>vati  ad  incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o  del  valor<span class=\"_ _1\"></span>e  cont<span class=\"_ _1\"></span>abile<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>elemen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>cui s<span class=\"_ _4\"></span>i riferi<span class=\"_ _1\"></span>scono<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sia probabile che <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>benefici associati al <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>affluisc<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>al<span class=\"_ _41\"> </span>Gruppo ed il c<span class=\"_ _1\"></span>osto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elemento po<span class=\"_ _1\"></span>ssa essere det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>to att<span class=\"_ _1\"></span>endibilment<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>quote <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanti,<span class=\"_ _1\"></span> dal <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>il ces<span class=\"_ _1\"></span>pite <span class=\"_ _1\"></span>\u00e8 disponibile<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pron<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>so,<span class=\"_ _41\"> </span>in <span class=\"_ _4\"></span>funzione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vita utile <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riesame <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>periodicit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>annuale. <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>tuali <span class=\"_ _4\"></span>cambiamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile, <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>necessari, <span class=\"_ _5\"></span>sare<span class=\"_ _1\"></span>bbero <span class=\"_ _5\"></span>apportati <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>prospettic<span class=\"_ _1\"></span>a. <span class=\"_ _a\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammort<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>tiene <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale <span class=\"_ _9\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>residuo <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>cespiti. <span class=\"_ _9\"> </span>Quando <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>compost<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>da<span class=\"_ _41\"> </span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>epar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>identificabili<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile <span class=\"_ _b\"></span>diff<span class=\"_ _1\"></span>erisce <span class=\"_ _a\"></span>significa<span class=\"_ _1\"></span>tivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>quella <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>altre<span class=\"_ _41\"> </span>parti che compon<span class=\"_ _1\"></span>gono l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, l\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to \u00e8 eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>to separa<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te per ciascuna di tal<span class=\"_ _1\"></span>i parti, in<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>zione del metodo de<span class=\"_ _1\"></span>l componen<span class=\"_ _1\"></span>t approach.<span class=\"_ _1\"></span> La vita<span class=\"_ _1\"></span> utile stimat<span class=\"_ _1\"></span>a delle pri<span class=\"_ _1\"></span>ncipali classi di attivit<span class=\"_ _1\"></span>\u00e0 mat<span class=\"_ _1\"></span>eriali \u00e8 la seguen<span class=\"_ _1\"></span>te:<table class=\"s w330 h719\" id=\"_c9b7ff70-972b-45ef-8d89-6911f957bc00\"><tr><td class=\"c x246 y1518 w1ab h2c\"><div class=\"t m0 x5f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1518 w1ac h2c\"><div class=\"t m0 x1d8 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Descrizione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1518 w21 h2c\"><div class=\"t m0 x92 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">vita u<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>le (an<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>i)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1519 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Fabb<span class=\"_ _1\"></span>ricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1519 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151a w1ab h3e3\"><div class=\"t m0 x62 h2 ydb7 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>abbricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y151b w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Manutenzi<span class=\"_ _1\"></span>one straor<span class=\"_ _1\"></span>dinaria fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151b w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Costruzion<span class=\"_ _1\"></span>i leggere<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151c w1ac h31\"><div class=\"t m0 x0 h2 ydbb ffb fs262 fc0 sc0 ls0 ws0\">Impianti r<span class=\"_ _1\"></span>adiofoni<span class=\"_ _1\"></span>ci<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151c w21 h31\"><div class=\"t m0 x31 h2 ydbc ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151d w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">Impianti di re<span class=\"_ _1\"></span>gistrazio<span class=\"_ _1\"></span>ne<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151d w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151e w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di sincr<span class=\"_ _1\"></span>onizzazione e<span class=\"_ _1\"></span> centri di contr<span class=\"_ _1\"></span>ollo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151e w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151f w1ab h3e4\"><div class=\"t m0 x40 h2 ydba ffb fs6 fc0 sc0 ls0 ws0\">Impianti e macchinari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1520 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali manuali ed elettr<span class=\"_ _1\"></span>omeccaniche<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1520 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1521 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali ed impianti elettrici<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1521 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1522 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Po<span class=\"_ _1\"></span>nti radio<span class=\"_ _1\"></span>, apparecchiatur<span class=\"_ _1\"></span>e A.F<span class=\"_ _6\"></span>. e am<span class=\"_ _4\"></span>pl<span class=\"_ _1\"></span>ificazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1522 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151f w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di alimen<span class=\"_ _1\"></span>tazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151f w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1523 w1ab h3e5\"><div class=\"t m0 x5b h2 y952 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezza<span class=\"_ _1\"></span>ture industriali e c<span class=\"_ _1\"></span>ommerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1524 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature di segnalazion<span class=\"_ _1\"></span>e e attrezza<span class=\"_ _1\"></span>ture di pis<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1524 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1523 w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezzatur<span class=\"_ _1\"></span>a varia e minu<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1523 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1525 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Macchine ele<span class=\"_ _1\"></span>ttroniche e sist<span class=\"_ _1\"></span>emi telefon<span class=\"_ _1\"></span>ici<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1525 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1526 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Mobili e macch<span class=\"_ _1\"></span>ine ordinarie di ufficio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1526 w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1527 w1ab h3e6\"><div class=\"t m0 x5f h2 ydc2 ffb fs6 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1528 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature per elab.ne<span class=\"_ _1\"></span> d<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti compresi i co<span class=\"_ _1\"></span>mputer<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1528 w21 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1529 w1ac h31\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Autov<span class=\"_ _1\"></span>etture, motoci<span class=\"_ _1\"></span>cli e simili<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1529 w21 h31\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y152a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>elivoli azi<span class=\"_ _1\"></span>endali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y152a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">15<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1527 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Equipaggi<span class=\"_ _1\"></span>amento dei veliv<span class=\"_ _1\"></span>oli e sistemi di r<span class=\"_ _1\"></span>adiomisure<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1527 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>Il valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tabile delle attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mat<span class=\"_ _1\"></span>eriali \u00e8 <span class=\"_ _4\"></span>sottopos<span class=\"_ _1\"></span>to a <span class=\"_ _4\"></span>verifi<span class=\"_ _1\"></span>ca, <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>arne eventua<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore,<span class=\"_ _41\"> </span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>venti o cambiame<span class=\"_ _1\"></span>nti di situazione indichino che il valor<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>arico non possa <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ssere re<span class=\"_ _1\"></span>cuperat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Se esist<span class=\"_ _1\"></span>e un\u2019indicazione di <span class=\"_ _1\"></span>questo tipo e, nel c<span class=\"_ _1\"></span>aso in cui il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> di carico ecceda i<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile, le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 sono <span class=\"_ _1\"></span>sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>e ed i<span class=\"_ _1\"></span>scritte <span class=\"_ _1\"></span>al loro<span class=\"_ _1\"></span> val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>materia<span class=\"_ _1\"></span>li \u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato dal <span class=\"_ _1\"></span>maggiore tr<span class=\"_ _1\"></span>a il f<span class=\"_ _1\"></span>air value, al nett<span class=\"_ _1\"></span>o dei c<span class=\"_ _1\"></span>osti di vendita,<span class=\"_ _1\"></span> e il valor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>gene<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>flussi <span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nziari <span class=\"_ _1\"></span>ampiamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>indipenden<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>in <span class=\"_ _4\"></span>relazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>all\u2019<span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _4\"></span>genera<span class=\"_ _1\"></span>trice <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>appartiene. <span class=\"_ _4\"></span>Le <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sono<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>voce svalu<span class=\"_ _1\"></span>tazioni e <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di valor<span class=\"_ _1\"></span>e. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ali perdite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore sono<span class=\"_ _41\"> </span>ripristina<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ui <span class=\"_ _1\"></span>veng<span class=\"_ _1\"></span>ano <span class=\"_ _1\"></span>meno <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>motivi <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>hanno <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>limiti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>carico<span class=\"_ _41\"> </span>che <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>av<span class=\"_ _1\"></span>rebbe <span class=\"_ _b\"></span>avuto <span class=\"_ _b\"></span>se <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>fosse<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>se <span class=\"_ _b\"> </span>fosser<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>st<span class=\"_ _1\"></span>at<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettuati<span class=\"_ _1\"></span> i rela<span class=\"_ _1\"></span>tivi ammortamen<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Al <span class=\"_ _4\"></span>momento della <span class=\"_ _4\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>sussis<span class=\"_ _1\"></span>tono <span class=\"_ _4\"></span>benefici economici <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esi <span class=\"_ _4\"></span>dall\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>bene,<span class=\"_ _41\"> </span>esso <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>elimina<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>bilancio <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>eventuale <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>utile <span class=\"_ _a\"></span>(ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>cessione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>carico) viene <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>suddetta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eliminazione. <span class=\"_ _4\"></span>La<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione viene eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onsidera<span class=\"_ _1\"></span>ndo i principi defi<span class=\"_ _1\"></span>niti nell\u2019IFRS 15.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra le attivit<span class=\"_ _1\"></span>\u00e0 material<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>sono altr<span class=\"_ _1\"></span>es\u00ec iscritti i <span class=\"_ _4\"></span>diri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>d\u2019<span class=\"_ _1\"></span>uso (\u201cright of use\u201d), in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al principio <span class=\"_ _4\"></span>IF<span class=\"_ _1\"></span>RS 16<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>connessi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>leas<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>pluriennale, <span class=\"_ _a\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ricorr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>condizione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>esclusivo <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene<span class=\"_ _41\"> </span>oggetto <span class=\"_ _1\"></span>di l<span class=\"_ _1\"></span>ease e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>fruizione <span class=\"_ _1\"></span>sosta<span class=\"_ _1\"></span>nziale di <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i be<span class=\"_ _1\"></span>nefici <span class=\"_ _1\"></span>economici <span class=\"_ _1\"></span>derivan<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 lungo <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>periodo<span class=\"_ _41\"> </span>di utilizz<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>use <span class=\"_ _5\"></span>viene <span class=\"_ _4\"></span>iscritto <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>equiv<span class=\"_ _1\"></span>alente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>somma <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>uscita,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visti contr<span class=\"_ _1\"></span>attualmen<span class=\"_ _1\"></span>te, utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>quale f<span class=\"_ _1\"></span>attor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di attualizz<span class=\"_ _1\"></span>azione il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>accordo<span class=\"_ _41\"> </span>o il tass<span class=\"_ _1\"></span>o di finanziament<span class=\"_ _1\"></span>o margi<span class=\"_ _1\"></span>nal<span class=\"ls13\">e.<span class=\"_ _41\"> </span></span>Il right of use viene ammortizza<span class=\"_ _1\"></span>to tenendo in consider<span class=\"_ _1\"></span>azione il periodo <span class=\"_ _4\"></span>non cance<span class=\"_ _1\"></span>llabile dell\u2019<span class=\"_ _6\"></span>acc<span class=\"_ _1\"></span>ordo che<span class=\"_ _41\"> </span>normalmen<span class=\"_ _1\"></span>te coincide c<span class=\"_ _1\"></span>on la dura<span class=\"_ _1\"></span>ta dello s<span class=\"_ _1\"></span>tesso.<span class=\"_ _41\"> </span>Con <span class=\"_ _b\"> </span>riferi<span class=\"_ _1\"></span>mento <span class=\"_ _b\"></span>ai <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>noleggio <span class=\"_ _9\"> </span>plu<span class=\"_ _1\"></span>riennale <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>auto<span class=\"_ _1\"></span>vetture, <span class=\"_ _a\"></span>si <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ocede <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>separ<span class=\"_ _1\"></span>azione <span class=\"_ _b\"></span>de<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>tra <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>component<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>ovvero <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>corrispe<span class=\"_ _1\"></span>ttivo <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>noleggio, <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>manutenzione. <span class=\"_ _4\"></span>La <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>lease <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>inclusa <span class=\"_ _5\"></span>n<span class=\"_ _4\"></span>ell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _a\"></span>use <span class=\"_ _5\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>componente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>non<span class=\"_ _41\"> </span>lease vie<span class=\"_ _1\"></span>ne imputat<span class=\"_ _1\"></span>a a cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "Attivit<span class=\"_ _1\"></span>\u00e0 mater<span class=\"_ _1\"></span>iali<span class=\"_ _41\"> </span>Le Attivi<span class=\"_ _1\"></span>t\u00e0 mat<span class=\"_ _1\"></span>eriali sono isc<span class=\"_ _1\"></span>ritte al cos<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, al netto degli<span class=\"_ _1\"></span> ammortamenti<span class=\"_ _1\"></span> e delle even<span class=\"_ _1\"></span>tuali per<span class=\"_ _1\"></span>dite di va<span class=\"_ _1\"></span>lore.<span class=\"_ _41\"> </span>Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>include gli <span class=\"_ _1\"></span>oneri acce<span class=\"_ _1\"></span>ssor<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span> dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e imput<span class=\"_ _1\"></span>abili e <span class=\"_ _1\"></span>necessari al<span class=\"_ _1\"></span>la messa i<span class=\"_ _1\"></span>n funzione <span class=\"_ _1\"></span>del bene<span class=\"_ _1\"></span> per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>acquisit<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>In <span class=\"_ _5\"></span>occasione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>evisioni <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>manutenzioni <span class=\"_ _4\"></span>impo<span class=\"_ _1\"></span>rtanti, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>incluso <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore con<span class=\"_ _1\"></span>tabile dell\u2019impia<span class=\"_ _1\"></span>nto o del macc<span class=\"_ _1\"></span>hinario, ladd<span class=\"_ _1\"></span>ove sia soddis<span class=\"_ _1\"></span>fa<span class=\"_ _1\"></span>tto il crite<span class=\"_ _1\"></span>rio per la rilev<span class=\"_ _1\"></span>azione. T<span class=\"_ _6\"></span>utti<span class=\"_ _41\"> </span>gli <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tri <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ripara<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati nel <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economico <span class=\"_ _4\"></span>q<span class=\"_ _1\"></span>uando <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tenuti. <span class=\"_ _4\"></span>In ogni<span class=\"_ _41\"> </span>caso  i  cos<span class=\"_ _1\"></span>ti  sost<span class=\"_ _1\"></span>enuti  successiv<span class=\"_ _1\"></span>amente  al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>acquist<span class=\"_ _1\"></span>o  sono<span class=\"_ _4\"></span>  rile<span class=\"_ _1\"></span>vati  ad  incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o  del  valor<span class=\"_ _1\"></span>e  cont<span class=\"_ _1\"></span>abile<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>elemen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>cui s<span class=\"_ _4\"></span>i riferi<span class=\"_ _1\"></span>scono<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sia probabile che <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _4\"></span>benefici associati al <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>affluisc<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>al<span class=\"_ _41\"> </span>Gruppo ed il c<span class=\"_ _1\"></span>osto del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elemento po<span class=\"_ _1\"></span>ssa essere det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>to att<span class=\"_ _1\"></span>endibilment<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>quote <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanti,<span class=\"_ _1\"></span> dal <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>il ces<span class=\"_ _1\"></span>pite <span class=\"_ _1\"></span>\u00e8 disponibile<span class=\"_ _1\"></span> e <span class=\"_ _1\"></span>pron<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>l\u2019u<span class=\"_ _1\"></span>so,<span class=\"_ _41\"> </span>in <span class=\"_ _4\"></span>funzione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>vita utile <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riesame <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>periodicit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>annuale. <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>ven<span class=\"_ _1\"></span>tuali <span class=\"_ _4\"></span>cambiamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile, <span class=\"_ _5\"></span>se <span class=\"_ _a\"></span>necessari, <span class=\"_ _5\"></span>sare<span class=\"_ _1\"></span>bbero <span class=\"_ _5\"></span>apportati <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>prospettic<span class=\"_ _1\"></span>a. <span class=\"_ _a\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammort<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>tiene <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale <span class=\"_ _9\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>residuo <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>cespiti. <span class=\"_ _9\"> </span>Quando <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>compost<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>da<span class=\"_ _41\"> </span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>epar<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>identificabili<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>vit<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>utile <span class=\"_ _b\"></span>diff<span class=\"_ _1\"></span>erisce <span class=\"_ _a\"></span>significa<span class=\"_ _1\"></span>tivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>quella <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>altre<span class=\"_ _41\"> </span>parti che compon<span class=\"_ _1\"></span>gono l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, l\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to \u00e8 eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>to separa<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te per ciascuna di tal<span class=\"_ _1\"></span>i parti, in<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>zione del metodo de<span class=\"_ _1\"></span>l componen<span class=\"_ _1\"></span>t approach.<span class=\"_ _1\"></span> La vita<span class=\"_ _1\"></span> utile stimat<span class=\"_ _1\"></span>a delle pri<span class=\"_ _1\"></span>ncipali classi di attivit<span class=\"_ _1\"></span>\u00e0 mat<span class=\"_ _1\"></span>eriali \u00e8 la seguen<span class=\"_ _1\"></span>te:<table class=\"s w330 h719\" id=\"_c9b7ff70-972b-45ef-8d89-6911f957bc00\"><tr><td class=\"c x246 y1518 w1ab h2c\"><div class=\"t m0 x5f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1518 w1ac h2c\"><div class=\"t m0 x1d8 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Descrizione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1518 w21 h2c\"><div class=\"t m0 x92 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">vita u<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>le (an<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>i)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1519 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Fabb<span class=\"_ _1\"></span>ricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1519 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151a w1ab h3e3\"><div class=\"t m0 x62 h2 ydb7 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>abbricati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y151b w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Manutenzi<span class=\"_ _1\"></span>one straor<span class=\"_ _1\"></span>dinaria fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151b w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Costruzion<span class=\"_ _1\"></span>i leggere<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151c w1ac h31\"><div class=\"t m0 x0 h2 ydbb ffb fs262 fc0 sc0 ls0 ws0\">Impianti r<span class=\"_ _1\"></span>adiofoni<span class=\"_ _1\"></span>ci<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151c w21 h31\"><div class=\"t m0 x31 h2 ydbc ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151d w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">Impianti di re<span class=\"_ _1\"></span>gistrazio<span class=\"_ _1\"></span>ne<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151d w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151e w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di sincr<span class=\"_ _1\"></span>onizzazione e<span class=\"_ _1\"></span> centri di contr<span class=\"_ _1\"></span>ollo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151e w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y151f w1ab h3e4\"><div class=\"t m0 x40 h2 ydba ffb fs6 fc0 sc0 ls0 ws0\">Impianti e macchinari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1520 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali manuali ed elettr<span class=\"_ _1\"></span>omeccaniche<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1520 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1521 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Centr<span class=\"_ _1\"></span>ali ed impianti elettrici<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1521 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1522 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Po<span class=\"_ _1\"></span>nti radio<span class=\"_ _1\"></span>, apparecchiatur<span class=\"_ _1\"></span>e A.F<span class=\"_ _6\"></span>. e am<span class=\"_ _4\"></span>pl<span class=\"_ _1\"></span>ificazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1522 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y151f w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Impianti di alimen<span class=\"_ _1\"></span>tazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y151f w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1523 w1ab h3e5\"><div class=\"t m0 x5b h2 y952 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezza<span class=\"_ _1\"></span>ture industriali e c<span class=\"_ _1\"></span>ommerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1524 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature di segnalazion<span class=\"_ _1\"></span>e e attrezza<span class=\"_ _1\"></span>ture di pis<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1524 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1523 w1ac h2f\"><div class=\"t m0 x0 h2 y4fe ffb fs262 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezzatur<span class=\"_ _1\"></span>a varia e minu<span class=\"_ _1\"></span>ta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1523 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1525 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Macchine ele<span class=\"_ _1\"></span>ttroniche e sist<span class=\"_ _1\"></span>emi telefon<span class=\"_ _1\"></span>ici<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1525 w21 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1526 w1ac h2f\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Mobili e macch<span class=\"_ _1\"></span>ine ordinarie di ufficio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1526 w21 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x246 y1527 w1ab h3e6\"><div class=\"t m0 x5f h2 ydc2 ffb fs6 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x247 y1528 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Apparecch<span class=\"_ _1\"></span>iature per elab.ne<span class=\"_ _1\"></span> d<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti compresi i co<span class=\"_ _1\"></span>mputer<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1528 w21 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1529 w1ac h31\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Autov<span class=\"_ _1\"></span>etture, motoci<span class=\"_ _1\"></span>cli e simili<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1529 w21 h31\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y152a w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>elivoli azi<span class=\"_ _1\"></span>endali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y152a w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">15<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x247 y1527 w1ac h2c\"><div class=\"t m0 x0 h2 y3b0 ffb fs262 fc0 sc0 ls0 ws0\">Equipaggi<span class=\"_ _1\"></span>amento dei veliv<span class=\"_ _1\"></span>oli e sistemi di r<span class=\"_ _1\"></span>adiomisure<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x248 y1527 w21 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">10<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>Il valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tabile delle attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mat<span class=\"_ _1\"></span>eriali \u00e8 <span class=\"_ _4\"></span>sottopos<span class=\"_ _1\"></span>to a <span class=\"_ _4\"></span>verifi<span class=\"_ _1\"></span>ca, <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>arne eventua<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore,<span class=\"_ _41\"> </span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>venti o cambiame<span class=\"_ _1\"></span>nti di situazione indichino che il valor<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>arico non possa <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ssere re<span class=\"_ _1\"></span>cuperat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Se esist<span class=\"_ _1\"></span>e un\u2019indicazione di <span class=\"_ _1\"></span>questo tipo e, nel c<span class=\"_ _1\"></span>aso in cui il v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> di carico ecceda i<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile, le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 sono <span class=\"_ _1\"></span>sva<span class=\"_ _1\"></span>lutat<span class=\"_ _1\"></span>e ed i<span class=\"_ _1\"></span>scritte <span class=\"_ _1\"></span>al loro<span class=\"_ _1\"></span> val<span class=\"_ _1\"></span>ore r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>cuperabile <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>materia<span class=\"_ _1\"></span>li \u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato dal <span class=\"_ _1\"></span>maggiore tr<span class=\"_ _1\"></span>a il f<span class=\"_ _1\"></span>air value, al nett<span class=\"_ _1\"></span>o dei c<span class=\"_ _1\"></span>osti di vendita,<span class=\"_ _1\"></span> e il valor<span class=\"_ _1\"></span>e d\u2019uso<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r un\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>gene<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>flussi <span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nziari <span class=\"_ _1\"></span>ampiamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>indipenden<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>in <span class=\"_ _4\"></span>relazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>all\u2019<span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _4\"></span>genera<span class=\"_ _1\"></span>trice <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>appartiene. <span class=\"_ _4\"></span>Le <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sono<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>voce svalu<span class=\"_ _1\"></span>tazioni e <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di valor<span class=\"_ _1\"></span>e. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ali perdite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore sono<span class=\"_ _41\"> </span>ripristina<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ui <span class=\"_ _1\"></span>veng<span class=\"_ _1\"></span>ano <span class=\"_ _1\"></span>meno <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>motivi <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>hanno <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>limiti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>netto <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>carico<span class=\"_ _41\"> </span>che <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>av<span class=\"_ _1\"></span>rebbe <span class=\"_ _b\"></span>avuto <span class=\"_ _b\"></span>se <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>fosse<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>se <span class=\"_ _b\"> </span>fosser<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>st<span class=\"_ _1\"></span>at<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettuati<span class=\"_ _1\"></span> i rela<span class=\"_ _1\"></span>tivi ammortamen<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Al <span class=\"_ _4\"></span>momento della <span class=\"_ _4\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>sussis<span class=\"_ _1\"></span>tono <span class=\"_ _4\"></span>benefici economici <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esi <span class=\"_ _4\"></span>dall\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>bene,<span class=\"_ _41\"> </span>esso <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>elimina<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>bilancio <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>eventuale <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>o <span class=\"_ _a\"></span>utile <span class=\"_ _a\"></span>(ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>cessione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>carico) viene <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>suddetta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eliminazione. <span class=\"_ _4\"></span>La<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione viene eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta c<span class=\"_ _1\"></span>onsidera<span class=\"_ _1\"></span>ndo i principi defi<span class=\"_ _1\"></span>niti nell\u2019IFRS 15.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra le attivit<span class=\"_ _1\"></span>\u00e0 material<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>sono altr<span class=\"_ _1\"></span>es\u00ec iscritti i <span class=\"_ _4\"></span>diri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>d\u2019<span class=\"_ _1\"></span>uso (\u201cright of use\u201d), in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al principio <span class=\"_ _4\"></span>IF<span class=\"_ _1\"></span>RS 16<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>connessi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>leas<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>pluriennale, <span class=\"_ _a\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ricorr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>condizione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>esclusivo <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene<span class=\"_ _41\"> </span>oggetto <span class=\"_ _1\"></span>di l<span class=\"_ _1\"></span>ease e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>fruizione <span class=\"_ _1\"></span>sosta<span class=\"_ _1\"></span>nziale di <span class=\"_ _1\"></span>tutti <span class=\"_ _1\"></span>i be<span class=\"_ _1\"></span>nefici <span class=\"_ _1\"></span>economici <span class=\"_ _1\"></span>derivan<span class=\"_ _1\"></span>ti dal<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 lungo <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>periodo<span class=\"_ _41\"> </span>di utilizz<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>use <span class=\"_ _5\"></span>viene <span class=\"_ _4\"></span>iscritto <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>equiv<span class=\"_ _1\"></span>alente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>somma <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attuale <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>uscita,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visti contr<span class=\"_ _1\"></span>attualmen<span class=\"_ _1\"></span>te, utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>quale f<span class=\"_ _1\"></span>attor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di attualizz<span class=\"_ _1\"></span>azione il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>accordo<span class=\"_ _41\"> </span>o il tass<span class=\"_ _1\"></span>o di finanziament<span class=\"_ _1\"></span>o margi<span class=\"_ _1\"></span>nal<span class=\"ls13\">e.<span class=\"_ _41\"> </span></span>Il right of use viene ammortizza<span class=\"_ _1\"></span>to tenendo in consider<span class=\"_ _1\"></span>azione il periodo <span class=\"_ _4\"></span>non cance<span class=\"_ _1\"></span>llabile dell\u2019<span class=\"_ _6\"></span>acc<span class=\"_ _1\"></span>ordo che<span class=\"_ _41\"> </span>normalmen<span class=\"_ _1\"></span>te coincide c<span class=\"_ _1\"></span>on la dura<span class=\"_ _1\"></span>ta dello s<span class=\"_ _1\"></span>tesso.<span class=\"_ _41\"> </span>Con <span class=\"_ _b\"> </span>riferi<span class=\"_ _1\"></span>mento <span class=\"_ _b\"></span>ai <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>noleggio <span class=\"_ _9\"> </span>plu<span class=\"_ _1\"></span>riennale <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>auto<span class=\"_ _1\"></span>vetture, <span class=\"_ _a\"></span>si <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ocede <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>separ<span class=\"_ _1\"></span>azione <span class=\"_ _b\"></span>de<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>tra <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>component<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>ovvero <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>corrispe<span class=\"_ _1\"></span>ttivo <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>noleggio, <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>lease, <span class=\"_ _5\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>manutenzione. <span class=\"_ _4\"></span>La <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>lease <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>inclusa <span class=\"_ _5\"></span>n<span class=\"_ _4\"></span>ell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>right <span class=\"_ _5\"></span>of <span class=\"_ _a\"></span>use <span class=\"_ _5\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>componente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>non<span class=\"_ _41\"> </span>lease vie<span class=\"_ _1\"></span>ne imputat<span class=\"_ _1\"></span>a a cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Pa<span class=\"_ _1\"></span>ssivit\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _41\"> </span>Le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>te, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell\u2019iscrizione <span class=\"_ _4\"></span>iniziale, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a conto economico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i mutui e <span class=\"_ _4\"></span>finanziamen<span class=\"_ _1\"></span>ti, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i derivati designa<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>come<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>strumen<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>copertur<span class=\"_ _1\"></span>a. <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>utte <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ono <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>inizialment<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span>ungono, <span class=\"_ _4\"></span>ne<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>caso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>mutui, <span class=\"_ _4\"></span>finanziamenti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>debiti, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tran<span class=\"_ _1\"></span>sazione <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>essi <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attribuibili<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>compr<span class=\"_ _1\"></span>endono <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e passivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>mutui e<span class=\"_ _1\"></span> finanzi<span class=\"_ _1\"></span>amenti<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>inclusi sc<span class=\"_ _1\"></span>operti di cont<span class=\"_ _1\"></span>o corr<span class=\"_ _1\"></span>ente.<span class=\"_ _41\"> </span>La <span class=\"_ _9\"> </span>modalit\u00e0 <span class=\"_ _9\"> </span>di  v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione  s<span class=\"_ _1\"></span>uccessiva <span class=\"_ _9\"> </span>delle <span class=\"_ _10\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _9\"> </span>finanziarie <span class=\"_ _9\"> </span>dipende <span class=\"_ _10\"> </span>dalla <span class=\"_ _9\"> </span>loro <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>zione.  In<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>economico<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>riguardano <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>etenute<span class=\"_ _1\"></span> per<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>goziazione <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quell<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _1\"></span>assunt<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019inte<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>estingue<span class=\"_ _1\"></span>rle<span class=\"_ _41\"> </span>o tra<span class=\"_ _1\"></span>sferirle<span class=\"_ _1\"></span> nel bre<span class=\"_ _1\"></span>ve termine<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>finanziarie <span class=\"_ _4\"></span>rifer<span class=\"_ _1\"></span>ite <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>finanziamenti, <span class=\"_ _5\"></span>ca<span class=\"_ _1\"></span>tegoria <span class=\"_ _4\"></span>maggiormente <span class=\"_ _4\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie det<span class=\"_ _1\"></span>enute dal Gruppo<span class=\"_ _1\"></span>, sono <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te con il crit<span class=\"_ _1\"></span>erio <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto ammortizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di inter<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>utili <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>contabil<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>quando <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>estint<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed<span class=\"_ _41\"> </span>anche mediant<span class=\"_ _1\"></span>e il proce<span class=\"_ _1\"></span>sso di ammorta<span class=\"_ _1\"></span>mento.<span class=\"_ _41\"> </span>Il cos<span class=\"_ _1\"></span>to ammortizza<span class=\"_ _1\"></span>to \u00e8 <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcolat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vando lo s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto o il premio sull\u2019<span class=\"_ _6\"></span>acquisizione e gli onorari o cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>anno <span class=\"_ _a\"></span>parte<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>egran<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>eff<span class=\"_ _1\"></span>ettivo. <span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eresse <span class=\"_ _4\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8<span class=\"_ _41\"> </span>compr<span class=\"_ _1\"></span>eso tra gli<span class=\"_ _1\"></span> oneri finanziari nel pr<span class=\"_ _1\"></span>ospetto del<span class=\"_ _1\"></span>l\u2019utile/<span class=\"_ _1\"></span>(perdit<span class=\"_ _1\"></span>a).<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commerci<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>e le <span class=\"_ _1\"></span>altre <span class=\"_ _1\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>sono cl<span class=\"_ _1\"></span>assificati <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>a l<span class=\"_ _1\"></span>e passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>correnti, <span class=\"_ _1\"></span>salv<span class=\"_ _1\"></span>o quel<span class=\"_ _1\"></span>le che<span class=\"_ _41\"> </span>hanno <span class=\"_ _9\"> </span>una <span class=\"_ _b\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>adenza<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>contr<span class=\"_ _1\"></span>attuale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>oltre <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>dodi<span class=\"_ _1\"></span>ci <span class=\"_ _9\"> </span>mesi <span class=\"_ _9\"> </span>rispetto <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>data<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span>  non  corren<span class=\"_ _1\"></span>ti.  Le  passivit\u00e0  finanzi<span class=\"_ _1\"></span>arie  sono  elimina<span class=\"_ _1\"></span>te  quando  sono  es<span class=\"_ _1\"></span>tinte,  ovve<span class=\"_ _1\"></span>ro  quan<span class=\"_ _1\"></span>do<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione specifica<span class=\"_ _1\"></span>ta nel<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>atto \u00e8 adempiu<span class=\"_ _1\"></span>ta.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>finanziarie, <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _4\"></span>iscritte, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>seguito <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019introduzio<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>IFRS <span class=\"_ _4\"></span>16<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>anche <span class=\"_ _28\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _28\"> </span>fi<span class=\"_ _1\"></span>nanziarie <span class=\"_ _18\"> </span>rappre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive <span class=\"_ _18\"> </span>del <span class=\"_ _28\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _18\"> </span>attuale <span class=\"_ _28\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>ca<span class=\"_ _1\"></span>noni <span class=\"_ _28\"> </span>da <span class=\"_ _18\"> </span>riconoscer<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>mente al loca<span class=\"_ _1\"></span>tore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _2\"></span>ambito di accor<span class=\"_ _1\"></span>di<span class=\"_ _4\"></span> di le<span class=\"_ _1\"></span>ase <span class=\"_ _4\"></span>plurie<span class=\"_ _1\"></span>nnali, per i quali ricorr<span class=\"_ _1\"></span>ono i presuppos<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>per l\u2019iscrizione de<span class=\"_ _1\"></span>l right of use tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ttivit\u00e0 mat<span class=\"_ _1\"></span>eriali. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "Attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali<span class=\"_ _41\"> </span>Le Attivi<span class=\"_ _1\"></span>t\u00e0 imma<span class=\"_ _1\"></span>teriali sono c<span class=\"_ _1\"></span>ostituite<span class=\"_ _1\"></span> da elementi non monet<span class=\"_ _1\"></span>ari, iden<span class=\"_ _1\"></span>tificabili e pri<span class=\"_ _1\"></span>vi di consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a fisica<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollabili e a<span class=\"_ _1\"></span>tti a gener<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e benefici eco<span class=\"_ _1\"></span>nomici futuri. T<span class=\"_ _6\"></span>ali<span class=\"_ _1\"></span> elementi sono ril<span class=\"_ _1\"></span>evati<span class=\"_ _1\"></span> al cost<span class=\"_ _1\"></span>o di acquis<span class=\"_ _1\"></span>to o d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _10\"> </span>compr<span class=\"_ _1\"></span>ensivo <span class=\"_ _9\"> </span>degli <span class=\"_ _10\"> </span>oneri <span class=\"_ _9\"> </span>accessori <span class=\"_ _9\"> </span>di  dir<span class=\"_ _1\"></span>etta<span class=\"_ _1\"></span>  imp<span class=\"_ _1\"></span>utazione <span class=\"_ _9\"> </span>necessari <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>render<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>disponibili per <span class=\"_ _4\"></span>l\u2019<span class=\"_ _1\"></span>uso, <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>amenti cumulati (ad <span class=\"_ _4\"></span>eccezione delle <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _1\"></span>teriali a <span class=\"_ _4\"></span>vita<span class=\"_ _41\"> </span>utile <span class=\"_ _4\"></span>indefinit<span class=\"_ _1\"></span>a) <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>eve<span class=\"_ _1\"></span>ntuali <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _5\"></span>acquisite <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttra<span class=\"_ _1\"></span>verso <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azion<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>imprese<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>quali <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sono <span class=\"_ _12\"> </span>iscritte <span class=\"_ _12\"> </span>al <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _12\"> </span>equo <span class=\"_ _12\"> </span>definito <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>data <span class=\"_ _12\"> </span>di<span class=\"_ _41\"> </span>acquisizione, se <span class=\"_ _4\"></span>tale valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pu\u00f2 <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminato in <span class=\"_ _4\"></span>modo <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>endibile. L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>odotte<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>ernamente <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _b\"></span>rilev<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>Conto <span class=\"_ _a\"></span>Ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enute.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>ha <span class=\"_ _1\"></span>inizio <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>disponibile <span class=\"_ _6\"></span>all\u2019uso <span class=\"_ _6\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>ripartito <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>ticament<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>in re<span class=\"_ _1\"></span>lazione alla r<span class=\"_ _1\"></span>esidua possibilit<span class=\"_ _1\"></span>\u00e0 di utilizza<span class=\"_ _1\"></span>zione della st<span class=\"_ _1\"></span>essa. La vita<span class=\"_ _1\"></span> utile delle attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali \u00e8 v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>a come defi<span class=\"_ _1\"></span>nita o indefi<span class=\"_ _1\"></span>nita.<span class=\"_ _41\"> </span>Le <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mmateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>a <span class=\"_ _a\"></span>vita <span class=\"_ _b\"></span>utile <span class=\"_ _b\"></span>definita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sono <span class=\"_ _b\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _b\"></span>lungo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _b\"></span>vita <span class=\"_ _a\"></span>utile<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>ta e <span class=\"_ _1\"></span>sottopost<span class=\"_ _1\"></span>e a t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abilit\u00e0<span class=\"_ _1\"></span> (impairment <span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>t) qualor<span class=\"_ _1\"></span>a vi siano <span class=\"_ _1\"></span>indicazioni <span class=\"_ _1\"></span>di una possibile<span class=\"_ _41\"> </span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e. La <span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>a utile<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>esidua v<span class=\"_ _1\"></span>iene <span class=\"_ _1\"></span>riesaminata<span class=\"_ _1\"></span> alla <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ciascun e<span class=\"_ _1\"></span>sercizio <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>se neces<span class=\"_ _1\"></span>sario. Le v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>della vi<span class=\"_ _1\"></span>ta utile <span class=\"_ _1\"></span>attesa <span class=\"_ _1\"></span>o delle modal<span class=\"_ _1\"></span>it\u00e0 c<span class=\"_ _1\"></span>on cui <span class=\"_ _1\"></span>i futuri <span class=\"_ _1\"></span>benefici e<span class=\"_ _1\"></span>conomici le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 imma<span class=\"_ _1\"></span>teriale sono conseg<span class=\"_ _1\"></span>uiti dal Gruppo v<span class=\"_ _1\"></span>engono rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> mod<span class=\"_ _4\"></span>ific<span class=\"_ _1\"></span>ando il periodo e/<span class=\"_ _1\"></span>o il met<span class=\"_ _1\"></span>odo<span class=\"_ _41\"> </span>di ammorta<span class=\"_ _1\"></span>mento e tr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome modifiche delle<span class=\"_ _1\"></span> stime cont<span class=\"_ _1\"></span>abili. Gli utili o le per<span class=\"_ _1\"></span>dite deriv<span class=\"_ _1\"></span>anti dall\u2019<span class=\"_ _6\"></span>alie<span class=\"_ _1\"></span>nazione di un bene immate<span class=\"_ _1\"></span>riale sono misura<span class=\"_ _1\"></span>ti come la diff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nza fra<span class=\"_ _41\"> </span>il <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vo <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>conta<span class=\"_ _1\"></span>bile <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>moment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span>enaz<span class=\"_ _1\"></span>ione. La valuta<span class=\"_ _1\"></span>zione viene eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a consid<span class=\"_ _1\"></span>erando i principi d<span class=\"_ _1\"></span>efiniti nell\u2019IF<span class=\"_ _1\"></span>RS 15.<span class=\"_ _41\"> </span>Le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _1\"></span>con vi<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>utile in<span class=\"_ _1\"></span>definita<span class=\"_ _1\"></span> non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggetta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ad am<span class=\"_ _1\"></span>mortame<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>matico <span class=\"_ _1\"></span>bens<span class=\"_ _41\"> </span>\u00ec<span class=\"_ _41\"> </span>ad una v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one almeno <span class=\"_ _1\"></span>annuale volt<span class=\"_ _1\"></span>a a indiv<span class=\"_ _1\"></span>iduare e<span class=\"_ _1\"></span>ventuali <span class=\"_ _1\"></span>perdit<span class=\"_ _1\"></span>e di v<span class=\"_ _1\"></span>alore (impairmen<span class=\"_ _1\"></span>t tes<span class=\"_ _1\"></span>t), sia a<span class=\"_ _41\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>indiv<span class=\"_ _1\"></span>iduale sia a <span class=\"_ _4\"></span>liv<span class=\"_ _1\"></span>ello <span class=\"_ _4\"></span>di unit\u00e0 genera<span class=\"_ _1\"></span>trice di fluss<span class=\"_ _4\"></span>i di cassa<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale cambiament<span class=\"_ _1\"></span>o da <span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ta utile<span class=\"_ _41\"> </span>indefinit<span class=\"_ _1\"></span>a a vita <span class=\"_ _1\"></span>utile definit<span class=\"_ _1\"></span>a viene applic<span class=\"_ _1\"></span>ato su ba<span class=\"_ _1\"></span>se prospettic<span class=\"_ _1\"></span>a. Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>iscri<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>eccezione <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>vviamento <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>erivant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>operazi<span class=\"_ _1\"></span>on<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one aziendale. L<span class=\"_ _2\"></span>\u2019<span class=\"_ _6\"></span>avviament<span class=\"_ _1\"></span>o \u00e8 cla<span class=\"_ _1\"></span>ssificat<span class=\"_ _1\"></span>o come <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriale a<span class=\"_ _1\"></span> vita <span class=\"_ _1\"></span>utile indefi<span class=\"_ _1\"></span>nita e<span class=\"_ _1\"></span>d \u00e8<span class=\"_ _41\"> </span>inizialmen<span class=\"_ _1\"></span>te cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato al cost<span class=\"_ _1\"></span>o<span class=\"ff3\"> </span>e <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e assog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ettat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one, almeno <span class=\"_ _4\"></span>ann<span class=\"_ _1\"></span>uale, volta<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>individuare <span class=\"_ _4\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(si <span class=\"_ _5\"></span>rinv<span class=\"_ _1\"></span>ia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>merito <span class=\"_ _4\"></span>quant<span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>riporta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>successivo <span class=\"_ _4\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>5<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>\u201c<span class=\"ff8\">Riduzione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>d<span class=\"_ _4\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>impairment) <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>unit\u00e0 <span class=\"_ _b\"> </span>generatrici <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>cassa<span class=\"ff2\">\u201d). <span class=\"_ _b\"></span>Non <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _41\"> </span></span></span>consentit<span class=\"_ _1\"></span>o il ripris<span class=\"_ _1\"></span>tino di valor<span class=\"_ _1\"></span>e nel ca<span class=\"_ _1\"></span>so d<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>una precede<span class=\"_ _1\"></span>nte s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione per per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "Attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali<span class=\"_ _41\"> </span>Le Attivi<span class=\"_ _1\"></span>t\u00e0 imma<span class=\"_ _1\"></span>teriali sono c<span class=\"_ _1\"></span>ostituite<span class=\"_ _1\"></span> da elementi non monet<span class=\"_ _1\"></span>ari, iden<span class=\"_ _1\"></span>tificabili e pri<span class=\"_ _1\"></span>vi di consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a fisica<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollabili e a<span class=\"_ _1\"></span>tti a gener<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e benefici eco<span class=\"_ _1\"></span>nomici futuri. T<span class=\"_ _6\"></span>ali<span class=\"_ _1\"></span> elementi sono ril<span class=\"_ _1\"></span>evati<span class=\"_ _1\"></span> al cost<span class=\"_ _1\"></span>o di acquis<span class=\"_ _1\"></span>to o d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>produzio<span class=\"_ _1\"></span>ne, <span class=\"_ _10\"> </span>compr<span class=\"_ _1\"></span>ensivo <span class=\"_ _9\"> </span>degli <span class=\"_ _10\"> </span>oneri <span class=\"_ _9\"> </span>accessori <span class=\"_ _9\"> </span>di  dir<span class=\"_ _1\"></span>etta<span class=\"_ _1\"></span>  imp<span class=\"_ _1\"></span>utazione <span class=\"_ _9\"> </span>necessari <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>render<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>disponibili per <span class=\"_ _4\"></span>l\u2019<span class=\"_ _1\"></span>uso, <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>amenti cumulati (ad <span class=\"_ _4\"></span>eccezione delle <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>imma<span class=\"_ _1\"></span>teriali a <span class=\"_ _4\"></span>vita<span class=\"_ _41\"> </span>utile <span class=\"_ _4\"></span>indefinit<span class=\"_ _1\"></span>a) <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>eve<span class=\"_ _1\"></span>ntuali <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _5\"></span>acquisite <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttra<span class=\"_ _1\"></span>verso <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azion<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>imprese<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>quali <span class=\"_ _12\"> </span>l\u2019<span class=\"_ _6\"></span>avviamen<span class=\"_ _1\"></span>to,<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sono <span class=\"_ _12\"> </span>iscritte <span class=\"_ _12\"> </span>al <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _12\"> </span>equo <span class=\"_ _12\"> </span>definito <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>data <span class=\"_ _12\"> </span>di<span class=\"_ _41\"> </span>acquisizione, se <span class=\"_ _4\"></span>tale valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pu\u00f2 <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminato in <span class=\"_ _4\"></span>modo <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>endibile. L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>odotte<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>ernamente <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _b\"></span>rilev<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>Conto <span class=\"_ _a\"></span>Ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enute.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>ha <span class=\"_ _1\"></span>inizio <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>disponibile <span class=\"_ _6\"></span>all\u2019uso <span class=\"_ _6\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>ripartito <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _1\"></span>ticament<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>in re<span class=\"_ _1\"></span>lazione alla r<span class=\"_ _1\"></span>esidua possibilit<span class=\"_ _1\"></span>\u00e0 di utilizza<span class=\"_ _1\"></span>zione della st<span class=\"_ _1\"></span>essa. La vita<span class=\"_ _1\"></span> utile delle attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriali \u00e8 v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>a come defi<span class=\"_ _1\"></span>nita o indefi<span class=\"_ _1\"></span>nita.<span class=\"_ _41\"> </span>Le <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mmateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>a <span class=\"_ _a\"></span>vita <span class=\"_ _b\"></span>utile <span class=\"_ _b\"></span>definita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sono <span class=\"_ _b\"> </span>ammortizza<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _b\"></span>lungo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _b\"></span>vita <span class=\"_ _a\"></span>utile<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>ta e <span class=\"_ _1\"></span>sottopost<span class=\"_ _1\"></span>e a t<span class=\"_ _1\"></span>est di <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abilit\u00e0<span class=\"_ _1\"></span> (impairment <span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>t) qualor<span class=\"_ _1\"></span>a vi siano <span class=\"_ _1\"></span>indicazioni <span class=\"_ _1\"></span>di una possibile<span class=\"_ _41\"> </span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e. La <span class=\"_ _1\"></span>vit<span class=\"_ _1\"></span>a utile<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>esidua v<span class=\"_ _1\"></span>iene <span class=\"_ _1\"></span>riesaminata<span class=\"_ _1\"></span> alla <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ciascun e<span class=\"_ _1\"></span>sercizio <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>frequen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>se neces<span class=\"_ _1\"></span>sario. Le v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>della vi<span class=\"_ _1\"></span>ta utile <span class=\"_ _1\"></span>attesa <span class=\"_ _1\"></span>o delle modal<span class=\"_ _1\"></span>it\u00e0 c<span class=\"_ _1\"></span>on cui <span class=\"_ _1\"></span>i futuri <span class=\"_ _1\"></span>benefici e<span class=\"_ _1\"></span>conomici le<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 imma<span class=\"_ _1\"></span>teriale sono conseg<span class=\"_ _1\"></span>uiti dal Gruppo v<span class=\"_ _1\"></span>engono rilev<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> mod<span class=\"_ _4\"></span>ific<span class=\"_ _1\"></span>ando il periodo e/<span class=\"_ _1\"></span>o il met<span class=\"_ _1\"></span>odo<span class=\"_ _41\"> </span>di ammorta<span class=\"_ _1\"></span>mento e tr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ate c<span class=\"_ _1\"></span>ome modifiche delle<span class=\"_ _1\"></span> stime cont<span class=\"_ _1\"></span>abili. Gli utili o le per<span class=\"_ _1\"></span>dite deriv<span class=\"_ _1\"></span>anti dall\u2019<span class=\"_ _6\"></span>alie<span class=\"_ _1\"></span>nazione di un bene immate<span class=\"_ _1\"></span>riale sono misura<span class=\"_ _1\"></span>ti come la diff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nza fra<span class=\"_ _41\"> </span>il <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vo <span class=\"_ _a\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>conta<span class=\"_ _1\"></span>bile <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>bene <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>moment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span>enaz<span class=\"_ _1\"></span>ione. La valuta<span class=\"_ _1\"></span>zione viene eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a consid<span class=\"_ _1\"></span>erando i principi d<span class=\"_ _1\"></span>efiniti nell\u2019IF<span class=\"_ _1\"></span>RS 15.<span class=\"_ _41\"> </span>Le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _1\"></span>con vi<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>utile in<span class=\"_ _1\"></span>definita<span class=\"_ _1\"></span> non <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>assoggetta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ad am<span class=\"_ _1\"></span>mortame<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>siste<span class=\"_ _1\"></span>matico <span class=\"_ _1\"></span>bens<span class=\"_ _41\"> </span>\u00ec<span class=\"_ _41\"> </span>ad una v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one almeno <span class=\"_ _1\"></span>annuale volt<span class=\"_ _1\"></span>a a indiv<span class=\"_ _1\"></span>iduare e<span class=\"_ _1\"></span>ventuali <span class=\"_ _1\"></span>perdit<span class=\"_ _1\"></span>e di v<span class=\"_ _1\"></span>alore (impairmen<span class=\"_ _1\"></span>t tes<span class=\"_ _1\"></span>t), sia a<span class=\"_ _41\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>indiv<span class=\"_ _1\"></span>iduale sia a <span class=\"_ _4\"></span>liv<span class=\"_ _1\"></span>ello <span class=\"_ _4\"></span>di unit\u00e0 genera<span class=\"_ _1\"></span>trice di fluss<span class=\"_ _4\"></span>i di cassa<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>even<span class=\"_ _1\"></span>tuale cambiament<span class=\"_ _1\"></span>o da <span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ta utile<span class=\"_ _41\"> </span>indefinit<span class=\"_ _1\"></span>a a vita <span class=\"_ _1\"></span>utile definit<span class=\"_ _1\"></span>a viene applic<span class=\"_ _1\"></span>ato su ba<span class=\"_ _1\"></span>se prospettic<span class=\"_ _1\"></span>a. Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>iscri<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>eccezione <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _11\"></span>A<span class=\"_ _1\"></span>vviamento <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>erivant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>operazi<span class=\"_ _1\"></span>on<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di aggr<span class=\"_ _1\"></span>egazi<span class=\"_ _1\"></span>one aziendale. L<span class=\"_ _2\"></span>\u2019<span class=\"_ _6\"></span>avviament<span class=\"_ _1\"></span>o \u00e8 cla<span class=\"_ _1\"></span>ssificat<span class=\"_ _1\"></span>o come <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 immat<span class=\"_ _1\"></span>eriale a<span class=\"_ _1\"></span> vita <span class=\"_ _1\"></span>utile indefi<span class=\"_ _1\"></span>nita e<span class=\"_ _1\"></span>d \u00e8<span class=\"_ _41\"> </span>inizialmen<span class=\"_ _1\"></span>te cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato al cost<span class=\"_ _1\"></span>o<span class=\"ff3\"> </span>e <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e assog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ettat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a v<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one, almeno <span class=\"_ _4\"></span>ann<span class=\"_ _1\"></span>uale, volta<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>individuare <span class=\"_ _4\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>(si <span class=\"_ _5\"></span>rinv<span class=\"_ _1\"></span>ia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>merito <span class=\"_ _4\"></span>quant<span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>riporta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>successivo <span class=\"_ _4\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>5<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>\u201c<span class=\"ff8\">Riduzione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>valore <span class=\"_ _b\"> </span>d<span class=\"_ _4\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>impairment) <span class=\"_ _b\"> </span>e <span class=\"_ _b\"> </span>unit\u00e0 <span class=\"_ _b\"> </span>generatrici <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>cassa<span class=\"ff2\">\u201d). <span class=\"_ _b\"></span>Non <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _41\"> </span></span></span>consentit<span class=\"_ _1\"></span>o il ripris<span class=\"_ _1\"></span>tino di valor<span class=\"_ _1\"></span>e nel ca<span class=\"_ _1\"></span>so d<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>una precede<span class=\"_ _1\"></span>nte s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione per per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore.<span class=\"_ _41\"> </span>Rimanenze Le <span class=\"_ _1\"></span>rimanenze<span class=\"_ _1\"></span>, r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>sentat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parti di <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>mbio r<span class=\"_ _1\"></span>elative<span class=\"_ _1\"></span> agl<span class=\"_ _1\"></span>i impian<span class=\"_ _1\"></span>ti ed <span class=\"_ _1\"></span>appar<span class=\"_ _1\"></span>ecchiatur<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>per il con<span class=\"_ _1\"></span>trollo del tr<span class=\"_ _1\"></span>affico a<span class=\"_ _1\"></span>ereo<span class=\"_ _1\"></span>, sono iscritte al minor<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>a il cos<span class=\"_ _1\"></span>to ed il va<span class=\"_ _1\"></span>lore nett<span class=\"_ _1\"></span>o di realizz<span class=\"_ _1\"></span>o. Il cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>in <span class=\"_ _c\"> </span>base <span class=\"_ _12\"> </span>alla <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>ormula <span class=\"_ _c\"> </span>del <span class=\"_ _12\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>medio <span class=\"_ _12\"> </span>pondera<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _c\"> </span>gli<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>oneri <span class=\"_ _c\"> </span>acce<span class=\"_ _1\"></span>ssori <span class=\"_ _c\"> </span>di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza. <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>ali <span class=\"_ _7\"> </span>rimanenz<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>se <span class=\"_ _12\"> </span>non <span class=\"_ _7\"> </span>pi\u00f9 <span class=\"_ _7\"> </span>utilizza<span class=\"_ _1\"></span>bili <span class=\"_ _12\"> </span>in <span class=\"_ _7\"> </span>quant<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>obsolet<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>vengono <span class=\"_ _7\"> </span>sv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>tramit<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>anziament<span class=\"_ _1\"></span>o nell\u2019<span class=\"_ _6\"></span>apposito <span class=\"_ _1\"></span>fondo sv<span class=\"_ _1\"></span>alut<span class=\"_ _1\"></span>azione mag<span class=\"_ _1\"></span>azzino a rettific<span class=\"_ _1\"></span>a dirett<span class=\"_ _1\"></span>a del v<span class=\"_ _1\"></span>alore dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>atti<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Part<span class=\"_ _1\"></span>ecipazioni in altre i<span class=\"_ _1\"></span>mprese Le partecipazioni in altre impre<span class=\"_ _1\"></span>se, <span class=\"_ _4\"></span>che rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>trumenti rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ativi di capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono valuta<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>al f<span class=\"_ _1\"></span>air value<span class=\"_ _1\"></span>. Il <span class=\"_ _1\"></span>Gruppo ha <span class=\"_ _1\"></span>scelto <span class=\"_ _1\"></span>irrevoc<span class=\"_ _1\"></span>abilment<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>imputar<span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span> va<span class=\"_ _1\"></span>ri<span class=\"_ _4\"></span>azi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>altre c<span class=\"_ _1\"></span>omponenti <span class=\"_ _1\"></span>di con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>comple<span class=\"_ _1\"></span>ssivo,  ovvero <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>una <span class=\"_ _12\"> </span>specific<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>riserva <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>patrimonio <span class=\"_ _7\"> </span>netto<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>s<span class=\"_ _4\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>rigiro <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "Rimanenze Le <span class=\"_ _1\"></span>rimanenze<span class=\"_ _1\"></span>, r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>sentat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parti di <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>mbio r<span class=\"_ _1\"></span>elative<span class=\"_ _1\"></span> agl<span class=\"_ _1\"></span>i impian<span class=\"_ _1\"></span>ti ed <span class=\"_ _1\"></span>appar<span class=\"_ _1\"></span>ecchiatur<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>per il con<span class=\"_ _1\"></span>trollo del tr<span class=\"_ _1\"></span>affico a<span class=\"_ _1\"></span>ereo<span class=\"_ _1\"></span>, sono iscritte al minor<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>a il cos<span class=\"_ _1\"></span>to ed il va<span class=\"_ _1\"></span>lore nett<span class=\"_ _1\"></span>o di realizz<span class=\"_ _1\"></span>o. Il cos<span class=\"_ _1\"></span>to \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>in <span class=\"_ _c\"> </span>base <span class=\"_ _12\"> </span>alla <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>ormula <span class=\"_ _c\"> </span>del <span class=\"_ _12\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>medio <span class=\"_ _12\"> </span>pondera<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>inclu<span class=\"_ _1\"></span>de <span class=\"_ _c\"> </span>gli<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>oneri <span class=\"_ _c\"> </span>acce<span class=\"_ _1\"></span>ssori <span class=\"_ _c\"> </span>di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza. <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>ali <span class=\"_ _7\"> </span>rimanenz<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>se <span class=\"_ _12\"> </span>non <span class=\"_ _7\"> </span>pi\u00f9 <span class=\"_ _7\"> </span>utilizza<span class=\"_ _1\"></span>bili <span class=\"_ _12\"> </span>in <span class=\"_ _7\"> </span>quant<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>obsolet<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>vengono <span class=\"_ _7\"> </span>sv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>tramit<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>anziament<span class=\"_ _1\"></span>o nell\u2019<span class=\"_ _6\"></span>apposito <span class=\"_ _1\"></span>fondo sv<span class=\"_ _1\"></span>alut<span class=\"_ _1\"></span>azione mag<span class=\"_ _1\"></span>azzino a rettific<span class=\"_ _1\"></span>a dirett<span class=\"_ _1\"></span>a del v<span class=\"_ _1\"></span>alore dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>atti<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "Part<span class=\"_ _1\"></span>ecipazioni in altre i<span class=\"_ _1\"></span>mprese <span class=\"ffd\"> </span>Le partecipazioni in altre impre<span class=\"_ _1\"></span>se, <span class=\"_ _4\"></span>che rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>trumenti rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ativi di capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono valuta<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span> al f<span class=\"_ _1\"></span>air value<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span><span class=\"ff3\"> </span>Il <span class=\"_ _1\"></span>Gruppo ha <span class=\"_ _1\"></span>scelto <span class=\"_ _1\"></span>irrevoc<span class=\"_ _1\"></span>abilment<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>imputar<span class=\"_ _1\"></span>e le<span class=\"_ _1\"></span> va<span class=\"_ _1\"></span>ri<span class=\"_ _4\"></span>azi<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>altre c<span class=\"_ _1\"></span>omponenti <span class=\"_ _1\"></span>di con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span> economic<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>comple<span class=\"_ _1\"></span>ssivo,  ovvero <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>una <span class=\"_ _12\"> </span>specific<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>riserva <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>patrimonio <span class=\"_ _7\"> </span>netto<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>s<span class=\"_ _4\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>rigiro <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>conto<span class=\"_ _41\"> </span> economic<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "Attivit<span class=\"_ _1\"></span>\u00e0 finanziari<span class=\"_ _1\"></span>e Al <span class=\"_ _5\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _4\"></span>rilevazione <span class=\"_ _4\"></span>iniziale, <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>classifica<span class=\"_ _1\"></span>te, <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>conda <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>casi, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>base<span class=\"_ _41\"> </span>alle <span class=\"_ _9\"> </span>successive <span class=\"_ _9\"> </span>modalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>misura<span class=\"_ _1\"></span>zione, <span class=\"_ _9\"> </span>cio\u00e8: <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>ammortizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>al <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _9\"> </span>value <span class=\"_ _9\"> </span>rileva<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>nel <span class=\"_ _10\"> </span>cont<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mplessivo (OCI) e <span class=\"_ _4\"></span>al f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>to nel <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>conomico. La <span class=\"_ _4\"></span>cla<span class=\"_ _1\"></span>ssificazione delle attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>momento <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>iniziale <span class=\"_ _6\"></span>dipende <span class=\"_ _1\"></span>dalle <span class=\"_ _1\"></span>car<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>eristiche <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>flussi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>ssa <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span>delle <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _1\"></span>finanziarie e <span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>al <span class=\"_ _1\"></span>modello di busine<span class=\"_ _1\"></span>ss che il <span class=\"_ _1\"></span>Gruppo usa per <span class=\"_ _1\"></span>la loro g<span class=\"_ _1\"></span>estione. Ad <span class=\"_ _1\"></span>eccezione dei<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>diti <span class=\"_ _7\"> </span>commer<span class=\"_ _1\"></span>ciali  che  non <span class=\"_ _7\"> </span>cont<span class=\"_ _1\"></span>engono  una  componen<span class=\"_ _1\"></span>te  di <span class=\"_ _7\"> </span>finanziamen<span class=\"_ _1\"></span>to  significa<span class=\"_ _1\"></span>tiva,  il  Gruppo<span class=\"_ _41\"> </span>inizialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta <span class=\"_ _4\"></span>un'a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>finanziaria <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>suo <span class=\"_ _4\"></span>fa<span class=\"_ _1\"></span>ir <span class=\"_ _4\"></span>value <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ementa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dai <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>ansazione, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>so<span class=\"_ _41\"> </span>di <span class=\"_ _b\"></span>un'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>anzi<span class=\"_ _1\"></span>aria <span class=\"_ _b\"></span>non <span class=\"_ _b\"> </span>al <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ue <span class=\"_ _9\"> </span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>nel<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>economico. <span class=\"_ _b\"></span>I <span class=\"_ _b\"></span>crediti<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span>commerciali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>che <span class=\"_ _a\"></span>non<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>engono <span class=\"_ _12\"> </span>un<span class=\"_ _4\"></span>a <span class=\"_ _12\"> </span>compone<span class=\"_ _1\"></span>nte <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>signific<span class=\"_ _1\"></span>ativa <span class=\"_ _12\"> </span>o <span class=\"_ _c\"> </span>per <span class=\"_ _12\"> </span>i <span class=\"_ _c\"> </span>quali <span class=\"_ _c\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _c\"> </span>ha <span class=\"_ _c\"> </span>appli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>espedient<span class=\"_ _1\"></span>e pra<span class=\"_ _1\"></span>tico sono va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>ti al prezz<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione det<span class=\"_ _1\"></span>erminato <span class=\"_ _1\"></span>se<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ondo l'IFRS <span class=\"_ _1\"></span>15. Affinch\u00e9 <span class=\"_ _a\"></span>un'a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ria <span class=\"_ _a\"></span>possa <span class=\"_ _a\"></span>essere<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>classificat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>valut<span class=\"_ _1\"></span>ata <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _a\"></span>value<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ato <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>OCI<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>deve<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>enerar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>flussi <span class=\"_ _9\"> </span>finanziari <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>dipendono <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>olamen<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>dal <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>dagli <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>essi<span class=\"_ _41\"> </span>sull\u2019importo del<span class=\"_ _1\"></span> capitale<span class=\"_ _1\"></span> da res<span class=\"_ _1\"></span>tituire (cosiddetto Sole<span class=\"_ _1\"></span>ly Pa<span class=\"_ _1\"></span>yments of Princi<span class=\"_ _1\"></span>pal and Inter<span class=\"_ _1\"></span>est <span class=\"_ _1c\"></span>- S<span class=\"_ _4\"></span>PPI). Ques<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione \u00e8 indic<span class=\"_ _1\"></span>ata c<span class=\"_ _1\"></span>ome tes<span class=\"_ _1\"></span>t SPPI e viene eseguit<span class=\"_ _1\"></span>a a livell<span class=\"_ _1\"></span>o di strument<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Il modello di busi<span class=\"_ _1\"></span>ness del Gruppo pe<span class=\"_ _1\"></span>r la gestione del<span class=\"_ _1\"></span>le attivi<span class=\"_ _1\"></span>t\u00e0 finanziarie rigua<span class=\"_ _1\"></span>rda il modo<span class=\"_ _1\"></span> in cui vengono<span class=\"_ _41\"> </span>ges<span class=\"_ _1\"></span>tite <span class=\"_ _4\"></span>le attivit\u00e0 finanziarie <span class=\"_ _4\"></span>al fine <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>are flussi <span class=\"_ _4\"></span>finanziari. <span class=\"_ _4\"></span>Il modello <span class=\"_ _4\"></span>aziendale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>determina se <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi<span class=\"_ _41\"> </span>finanziari <span class=\"_ _1\"></span>deriver<span class=\"_ _1\"></span>anno dal<span class=\"_ _1\"></span>la r<span class=\"_ _1\"></span>accolta <span class=\"_ _1\"></span>di fl<span class=\"_ _1\"></span>uss<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>finanziari <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>attuali, <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>vendita <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _1\"></span> o<span class=\"_ _41\"> </span>da entr<span class=\"_ _1\"></span>ambi. Il Gruppo de<span class=\"_ _1\"></span>tiene le pr<span class=\"_ _1\"></span>oprie attivit<span class=\"_ _1\"></span>\u00e0 finanziarie fino a sc<span class=\"_ _1\"></span>adenza.<span class=\"_ _41\"> </span>Ai fi<span class=\"_ _1\"></span>ni della <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _1\"></span>successiva, <span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>possono <span class=\"_ _1\"></span>essere <span class=\"_ _1\"></span>classific<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> in qua<span class=\"_ _1\"></span>ttro <span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>egorie <span class=\"_ _1\"></span>in<span class=\"_ _41\"> </span>accor<span class=\"_ _1\"></span>do c<span class=\"_ _1\"></span>on IFR<span class=\"_ _1\"></span>S 9: <span class=\"_ _1\"></span>i) A<span class=\"_ _1\"></span>ttivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie al <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to a<span class=\"_ _1\"></span>mmortizza<span class=\"_ _1\"></span>to (<span class=\"_ _1\"></span>strumenti <span class=\"_ _1\"></span>di de<span class=\"_ _1\"></span>bito); <span class=\"_ _1\"></span>ii) <span class=\"_ _1\"></span>Attivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _41\"> </span>al <span class=\"_ _9\"> </span>fai<span class=\"_ _1\"></span>r  v<span class=\"_ _1\"></span>alue <span class=\"_ _9\"> </span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>nel <span class=\"_ _9\"> </span>conto <span class=\"_ _9\"> </span>economico <span class=\"_ _9\"> </span>comples<span class=\"_ _1\"></span>sivo <span class=\"_ _10\"> </span>con <span class=\"_ _9\"> </span>riclassific<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>degli <span class=\"_ _9\"> </span>utili <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>dite <span class=\"_ _9\"> </span>cumulate<span class=\"_ _41\"> </span>(s<span class=\"_ _1\"></span>trumenti <span class=\"_ _4\"></span>di debito); <span class=\"_ _4\"></span>iii<span class=\"_ _1\"></span>) <span class=\"_ _4\"></span>A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue rilevat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto economico complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>senz<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>rigir<span class=\"_ _1\"></span>o degli utili e pe<span class=\"_ _1\"></span>rdite<span class=\"_ _1\"></span> cumulate<span class=\"_ _1\"></span> nel moment<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>eliminazione (<span class=\"_ _1\"></span>strumenti r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>sentativ<span class=\"_ _1\"></span>i di capita<span class=\"_ _1\"></span>le);<span class=\"_ _41\"> </span>iv) A<span class=\"_ _1\"></span>ttivit\u00e0 finanzi<span class=\"_ _1\"></span>arie al f<span class=\"_ _1\"></span>air value rile<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>e a cont<span class=\"_ _1\"></span>o economico. Il Gruppo iscriv<span class=\"_ _1\"></span>e principalmen<span class=\"_ _1\"></span>te le tipologie di a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>finanziarie descritte<span class=\"_ _1\"></span> ai punti i) e i<span class=\"_ _1\"></span>ii) sopra riport<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Il  Gruppo  valuta  le  attivit<span class=\"_ _1\"></span>\u00e0  finanziarie  al  costo  ammortizz<span class=\"_ _1\"></span>ato  se  entra<span class=\"_ _1\"></span>mbi  i <span class=\"_ _7\"> </span>seguenti  re<span class=\"_ _1\"></span>quisiti  s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span>soddisf<span class=\"_ _1\"></span>atti:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l'attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>finanziaria <span class=\"_ _4\"></span>\u00e8 posseduta nel <span class=\"_ _4\"></span>quadro <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>modello <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>busines<span class=\"_ _1\"></span>s <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>possesso <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span></span></span>attivit<span class=\"_ _1\"></span>\u00e0 finanziarie final<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>to alla r<span class=\"_ _1\"></span>accolta dei<span class=\"_ _1\"></span> flussi finanziari con<span class=\"_ _1\"></span>trattua<span class=\"_ _1\"></span>li e<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _17\"> </span>termini <span class=\"_ _25\"> </span>contr<span class=\"_ _1\"></span>attuali <span class=\"_ _25\"> </span>dell'attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _17\"> </span>finanziaria <span class=\"_ _25\"> </span>prevedono <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>deter<span class=\"_ _1\"></span>minate <span class=\"_ _25\"> </span>date<span class=\"_ _1\"></span> <span class=\"_ _2b\"> </span>flussi <span class=\"_ _25\"> </span>finanziari<span class=\"_ _41\"> </span></span></span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ati <span class=\"_ _9\"> </span>unicament<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>da <span class=\"_ _9\"> </span>pagamen<span class=\"_ _1\"></span>ti <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>capita<span class=\"_ _1\"></span>le <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>dell'int<span class=\"_ _1\"></span>eresse <span class=\"_ _9\"> </span>sull'importo <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>capitale<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>da<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>stituire<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le <span class=\"_ _c\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _c\"> </span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>cost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>succes<span class=\"_ _1\"></span>sivament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>valut<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>criterio<span class=\"_ _41\"> </span>dell\u2019int<span class=\"_ _1\"></span>eresse <span class=\"_ _b\"></span>eff<span class=\"_ _1\"></span>ettivo <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _9\"> </span>sogg<span class=\"_ _1\"></span>ette <span class=\"_ _b\"></span>ad <span class=\"_ _9\"> </span>impair<span class=\"_ _1\"></span>ment. <span class=\"_ _b\"></span>Gli <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>tili <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>vengono <span class=\"_ _b\"></span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>quando<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>elimina<span class=\"_ _1\"></span>ta, <span class=\"_ _9\"> </span>mo<span class=\"_ _1\"></span>dificat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>o <span class=\"_ _9\"> </span>riv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>ta. <span class=\"_ _b\"></span>Nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>Bi<span class=\"_ _1\"></span>lancio <span class=\"_ _9\"> </span>Consolida<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>rientr<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>cat<span class=\"_ _1\"></span>egoria <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ammortizza<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>guenti <span class=\"_ _4\"></span>voci <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>bilancio: <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _41\"> </span>finanziar<span class=\"_ _1\"></span>e corr<span class=\"_ _1\"></span>enti e non corr<span class=\"_ _1\"></span>enti, i cre<span class=\"_ _1\"></span>diti commerci<span class=\"_ _1\"></span>ali corr<span class=\"_ _1\"></span>enti e non corr<span class=\"_ _1\"></span>enti e le<span class=\"_ _1\"></span> altre attivit<span class=\"_ _1\"></span>\u00e0 corren<span class=\"_ _1\"></span>ti e<span class=\"_ _41\"> </span>non corr<span class=\"_ _1\"></span>enti.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _b\"></span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _b\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>rile<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>nel <span class=\"_ _b\"> </span>conto <span class=\"_ _b\"></span>economico <span class=\"_ _a\"></span>complessivo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>riguardanti <span class=\"_ _b\"></span>str<span class=\"_ _1\"></span>umenti<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativi di ca<span class=\"_ _1\"></span>pitale, il<span class=\"_ _1\"></span> Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po ha eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o la scelt<span class=\"_ _1\"></span>a irrevoc<span class=\"_ _1\"></span>abile, in sede di prima applic<span class=\"_ _1\"></span>azione del<span class=\"_ _41\"> </span>principio <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>9, <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>imput<span class=\"_ _1\"></span>are <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>comple<span class=\"_ _1\"></span>ssivo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>essendo <span class=\"_ _6\"></span>soddisf<span class=\"_ _1\"></span>atta<span class=\"_ _41\"> </span>la <span class=\"_ _7\"> </span>definizione  di <span class=\"_ _12\"> </span>s<span class=\"_ _1\"></span>trumento  rappr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _7\"> </span>ai <span class=\"_ _7\"> </span>sensi <span class=\"_ _7\"> </span>dello <span class=\"_ _7\"> </span>IAS <span class=\"_ _7\"> </span>32 <span class=\"_ _7\"> </span>\u201cStrumenti<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>finanzia<span class=\"_ _1\"></span>ri:<span class=\"_ _41\"> </span>Pr<span class=\"_ _1\"></span>esentazi<span class=\"_ _1\"></span>one\u201d <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>poic<span class=\"_ _1\"></span>h\u00e9 <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>trumento <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>detenut<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>negozi<span class=\"_ _1\"></span>azione. <span class=\"_ _1\"></span>La <span class=\"_ _6\"></span>classificazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminata<span class=\"_ _41\"> </span>a livel<span class=\"_ _1\"></span>lo di singolo strumen<span class=\"_ _1\"></span>to.<span class=\"_ _41\"> </span>Gli utili e le per<span class=\"_ _1\"></span>dite c<span class=\"_ _1\"></span>onseguite su t<span class=\"_ _1\"></span>ali attivit<span class=\"_ _1\"></span>\u00e0 finanziarie non ve<span class=\"_ _1\"></span>ngono mai rigir<span class=\"_ _1\"></span>ati ne<span class=\"_ _1\"></span>l conto ec<span class=\"_ _1\"></span>onomico. I <span class=\"_ _b\"></span>dividendi <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevati <span class=\"_ _a\"></span>come <span class=\"_ _b\"></span>altri <span class=\"_ _b\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>nel <span class=\"_ _b\"> </span>conto <span class=\"_ _b\"></span>economico <span class=\"_ _a\"></span>quando <span class=\"_ _b\"> </span>il <span class=\"_ _9\"> </span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>pagamen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>deliber<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, salvo quando il Gruppo benefi<span class=\"_ _1\"></span>cia di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ali pr<span class=\"_ _1\"></span>oventi come r<span class=\"_ _1\"></span>ecupero<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>part<span class=\"_ _1\"></span>e del cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziaria, <span class=\"_ _1\"></span>nel qual <span class=\"_ _1\"></span>caso t<span class=\"_ _1\"></span>ali utili<span class=\"_ _1\"></span> sono rilev<span class=\"_ _1\"></span>ati i<span class=\"_ _1\"></span>n OCI. Gli<span class=\"_ _1\"></span> strumen<span class=\"_ _1\"></span>ti r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tativi<span class=\"_ _1\"></span> di c<span class=\"_ _1\"></span>apitale <span class=\"_ _1\"></span>iscritti al <span class=\"_ _1\"></span>fair<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue rileva<span class=\"_ _1\"></span>to in OCI non sono sogge<span class=\"_ _1\"></span>tti a impairment t<span class=\"_ _1\"></span>est.<span class=\"_ _41\"> </span>Il <span class=\"_ _10\"> </span>Gruppo  ha <span class=\"_ _10\"> </span>scelt<span class=\"_ _1\"></span>o  di <span class=\"_ _10\"> </span>classific<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>irrevoca<span class=\"_ _1\"></span>bilmente <span class=\"_ _10\"> </span>le <span class=\"_ _10\"> </span>pr<span class=\"_ _1\"></span>oprie  parte<span class=\"_ _1\"></span>cipazioni  n<span class=\"_ _1\"></span>on  quota<span class=\"_ _1\"></span>te <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>quest<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>ca<span class=\"_ _1\"></span>tegoria e di imput<span class=\"_ _1\"></span>are c<span class=\"_ _1\"></span>onseguent<span class=\"_ _1\"></span>emente<span class=\"_ _1\"></span> gli adeguamenti al f<span class=\"_ _1\"></span>air val<span class=\"_ _1\"></span>ue in OCI. Il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore conta<span class=\"_ _1\"></span>bile <span class=\"_ _4\"></span>delle attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>finanziarie, non <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tropartit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>to economico<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>viene <span class=\"_ _6\"></span>ridotto <span class=\"_ _1\"></span>dal <span class=\"_ _6\"></span>nuovo <span class=\"_ _6\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>basato <span class=\"_ _6\"></span>sulla <span class=\"_ _1\"></span>stima<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>ese <span class=\"_ _1\"></span>(e<span class=\"_ _1\"></span>xpected<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>dit <span class=\"_ _1\"></span>losses) <span class=\"_ _1\"></span>intr<span class=\"_ _1\"></span>odotto <span class=\"_ _6\"></span>dal <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>IFRS <span class=\"_ _6\"></span>9. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _1\"></span>modello <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>esuppone <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttese<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ondata <span class=\"_ _10\"> </span>sulla  s<span class=\"_ _1\"></span>tima <span class=\"_ _10\"> </span>della <span class=\"_ _10\"> </span>probabil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _10\"> </span>di  def<span class=\"_ _1\"></span>ault, <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a  per<span class=\"_ _1\"></span>centuale<span class=\"_ _1\"></span>  di  perdit<span class=\"_ _1\"></span>a  in <span class=\"_ _10\"> </span>ca<span class=\"_ _1\"></span>so  di  insol<span class=\"_ _1\"></span>venz<span class=\"_ _1\"></span>a  e<span class=\"_ _41\"> </span>sull\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>finanziaria. <span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>utativi <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>ti <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>dati <span class=\"_ _6\"></span>storici, <span class=\"_ _6\"></span>elementi<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orward-l<span class=\"_ _1\"></span>ooking ed infor<span class=\"_ _1\"></span>mazioni re<span class=\"_ _1\"></span>peribili da inf<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>oviders, qualor<span class=\"_ _1\"></span>a otte<span class=\"_ _1\"></span>nibili senz<span class=\"_ _1\"></span>a costi spr<span class=\"_ _1\"></span>oposita<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>talune <span class=\"_ _4\"></span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>ammortizzat<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>quali <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>i <span class=\"_ _4\"></span>contra<span class=\"_ _1\"></span>ct<span class=\"_ _41\"> </span>assets, <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>Gruppo <span class=\"_ _c\"> </span>adotta <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>occio <span class=\"_ _c\"> </span>semplifica<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>al <span class=\"_ _d\"> </span>nuo<span class=\"_ _1\"></span>vo <span class=\"_ _d\"> </span>mode<span class=\"_ _1\"></span>llo <span class=\"_ _d\"> </span>di <span class=\"_ _c\"> </span>impairmen<span class=\"_ _1\"></span>t. <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>modello<span class=\"_ _41\"> </span>semplific<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>\u00e8 f<span class=\"_ _1\"></span>ondat<span class=\"_ _1\"></span>o sulla <span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tione a <span class=\"_ _1\"></span>portaf<span class=\"_ _1\"></span>oglio <span class=\"_ _1\"></span>delle posizioni <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>ditorie <span class=\"_ _1\"></span>e sulla <span class=\"_ _1\"></span>suddivisi<span class=\"_ _1\"></span>one dei <span class=\"_ _1\"></span>crediti<span class=\"_ _41\"> </span>in <span class=\"_ _1\"></span>specifici <span class=\"_ _1\"></span>clust<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>che t<span class=\"_ _1\"></span>enga<span class=\"_ _1\"></span>no c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> peculi<span class=\"_ _1\"></span>arit\u00e0 <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>business, <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tatus <span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span>ativo <span class=\"_ _6\"></span>del cli<span class=\"_ _1\"></span>ente, <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ascia di scaduto<span class=\"_ _1\"></span> e dello specific<span class=\"_ _1\"></span>o conte<span class=\"_ _1\"></span>sto normati<span class=\"_ _1\"></span>vo di rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span>. Qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>di una perdit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttesa rilevat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>in passat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>si riduca e <span class=\"_ _4\"></span>la diminuzione pu\u00f2 <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ollega<span class=\"_ _1\"></span>ta a<span class=\"_ _41\"> </span>un ev<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>verific<span class=\"_ _1\"></span>atosi <span class=\"_ _1\"></span>successivamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>alla ril<span class=\"_ _1\"></span>evazione <span class=\"_ _1\"></span>della per<span class=\"_ _1\"></span>dita <span class=\"_ _1\"></span>di v<span class=\"_ _1\"></span>alore, <span class=\"_ _1\"></span>essa vie<span class=\"_ _1\"></span>ne river<span class=\"_ _1\"></span>sata<span class=\"_ _1\"></span> a <span class=\"_ _1\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Le <span class=\"_ _5\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rimosse <span class=\"_ _a\"></span>dallo <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>patrimoniale <span class=\"_ _4\"></span>quando <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>diritto <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>ricev<span class=\"_ _1\"></span>ere <span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa<span class=\"_ _41\"> </span>dello s<span class=\"_ _1\"></span>trumento <span class=\"_ _1\"></span>si \u00e8 es<span class=\"_ _1\"></span>tinto<span class=\"_ _1\"></span>, ovver<span class=\"_ _1\"></span>o sono s<span class=\"_ _1\"></span>tati <span class=\"_ _1\"></span>sostanzi<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span> tras<span class=\"_ _1\"></span>feriti <span class=\"_ _1\"></span>tutti i rischi e<span class=\"_ _1\"></span> benefici r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>i allo<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>to st<span class=\"_ _1\"></span>esso.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "Disponibilit<span class=\"_ _1\"></span>\u00e0 liquide e me<span class=\"_ _1\"></span>zzi equivalenti <span class=\"ffd\"> </span>Le <span class=\"_ _5\"></span>disponibilit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>liquide <span class=\"_ _4\"></span>ed <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>mezzi <span class=\"_ _5\"></span>equiv<span class=\"_ _1\"></span>alenti <span class=\"_ _5\"></span>includono <span class=\"_ _4\"></span>la <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>depositi <span class=\"_ _5\"></span>bancari <span class=\"_ _4\"></span>disponibili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>altr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> f<span class=\"_ _1\"></span>orme <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>vesti<span class=\"_ _1\"></span>mento a <span class=\"_ _4\"></span>br<span class=\"_ _1\"></span>eve <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _4\"></span>non eccedenti i <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>mesi <span class=\"_ _4\"></span>e pron<span class=\"_ _1\"></span>tament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>vertibili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ca<span class=\"_ _1\"></span>ssa. <span class=\"_ _4\"></span>Alla<span class=\"_ _41\"> </span> dat<span class=\"_ _1\"></span>a de<span class=\"_ _1\"></span>l bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>scoperti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>corre<span class=\"_ _1\"></span>nte <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>classific<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>finanziari<span class=\"_ _1\"></span> nel<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti<span class=\"_ _41\"> </span> della situazi<span class=\"_ _1\"></span>one patrimoniale fina<span class=\"_ _1\"></span>nziaria consolidat<span class=\"_ _1\"></span>a. <span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "Strumenti fina<span class=\"_ _1\"></span>nziari derivati <span class=\"ffd\"> </span>Un deriv<span class=\"_ _1\"></span>ato \u00e8 uno s<span class=\"_ _1\"></span>trument<span class=\"_ _1\"></span>o finanziario o un altr<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>o che presen<span class=\"_ _1\"></span>ta le se<span class=\"_ _1\"></span>guenti car<span class=\"_ _1\"></span>atteris<span class=\"_ _1\"></span>tiche:<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il  v<span class=\"_ _1\"></span>alore <span class=\"_ _10\"> </span>cambia <span class=\"_ _10\"> </span>in  r<span class=\"_ _1\"></span>elazione <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>variazi<span class=\"_ _1\"></span>oni  di  u<span class=\"_ _1\"></span>n  par<span class=\"_ _1\"></span>ametro<span class=\"_ _1\"></span>  definit<span class=\"_ _1\"></span>o  underlying,  q<span class=\"_ _1\"></span>uale  ta<span class=\"_ _1\"></span>sso  di<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>int<span class=\"_ _1\"></span>eresse, prezz<span class=\"_ _1\"></span>o di un <span class=\"_ _4\"></span>titol<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o di una <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>ce, tasso di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambio in <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta est<span class=\"_ _1\"></span>era, indice di prezzi o <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi,<span class=\"_ _41\"> </span> ra<span class=\"_ _1\"></span>ting di un credit<span class=\"_ _1\"></span>o o altr<span class=\"_ _1\"></span>a va<span class=\"_ _1\"></span>riabile;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>inizi<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>ero<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>minore di <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _4\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>con<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>una rispos<span class=\"_ _1\"></span>ta simile ai<span class=\"_ _1\"></span> cambiamen<span class=\"_ _1\"></span>ti delle condizioni <span class=\"_ _1\"></span>di merc<span class=\"_ _1\"></span>ato;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">verr<span class=\"_ _1\"></span>\u00e0 regola<span class=\"_ _1\"></span>to ad una da<span class=\"_ _1\"></span>ta futur<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"><span class=\"ff3\"> </span></span></span>Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _4\"></span>finanziari <span class=\"_ _5\"></span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>stipulati <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>ppresen<span class=\"_ _1\"></span>tati <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tti <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> con finalit<span class=\"_ _1\"></span>\u00e0 di c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> del rischio di c<span class=\"_ _1\"></span>ambio. All<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>avvio di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>razione di<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a, il Gruppo<span class=\"_ _1\"></span> designa e<span class=\"_ _41\"> </span> document<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>ormalment<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>rapporto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>copertura, <span class=\"_ _9\"> </span>cui <span class=\"_ _9\"> </span>inte<span class=\"_ _1\"></span>nde <span class=\"_ _10\"> </span>applica<span class=\"_ _1\"></span>re <span class=\"_ _9\"> </span>l\u2019hedge <span class=\"_ _10\"> </span>acc<span class=\"_ _1\"></span>ounting, <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>propri<span class=\"_ _41\"> </span> obiettivi nella<span class=\"_ _1\"></span> gestione del<span class=\"_ _1\"></span> rischio e la str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egia persegu<span class=\"_ _1\"></span>ita, coe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>emente<span class=\"_ _1\"></span> con IFRS 9.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>La documen<span class=\"_ _1\"></span>tazione pr<span class=\"_ _1\"></span>edispos<span class=\"_ _1\"></span>ta in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al princi<span class=\"_ _1\"></span>pio IFRS 9 incl<span class=\"_ _1\"></span>ude l\u2019identific<span class=\"_ _1\"></span>azione dello s<span class=\"_ _1\"></span>trumento<span class=\"_ _41\"> </span> di copertu<span class=\"_ _1\"></span>ra, <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>element<span class=\"_ _1\"></span>o c<span class=\"_ _1\"></span>operto, <span class=\"_ _1\"></span>della na<span class=\"_ _1\"></span>tura <span class=\"_ _1\"></span>del rischio <span class=\"_ _1\"></span>e delle <span class=\"_ _1\"></span>modalit\u00e0 <span class=\"_ _1\"></span>con cu<span class=\"_ _1\"></span>i il Grupp<span class=\"_ _1\"></span>o valut<span class=\"_ _1\"></span>a se <span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span> re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>sod<span class=\"_ _1\"></span>disfi <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>equisiti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>efficacia <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>copertura <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>essa. <span class=\"_ _9\"> </span>La <span class=\"_ _b\"></span>rel<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> soddisf<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>criteri <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>ammissibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>contabil<span class=\"_ _1\"></span>izzazi<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>copertura<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>presen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span> tutti i seguen<span class=\"_ _1\"></span>ti requisiti <span class=\"_ _1\"></span>di efficacia del<span class=\"_ _1\"></span>la copertur<span class=\"_ _1\"></span>a:<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">vi \u00e8 un r<span class=\"_ _1\"></span>apporto econ<span class=\"_ _1\"></span>omico tr<span class=\"_ _1\"></span>a l'element<span class=\"_ _1\"></span>o coperto e lo<span class=\"_ _1\"></span> strument<span class=\"_ _1\"></span>o di copertur<span class=\"_ _1\"></span>a;<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"><span class=\"ff3\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l'eff<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>credi<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>evale <span class=\"_ _5\"></span>sulle <span class=\"_ _a\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _5\"></span>risultanti <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>detto <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporto<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>economic<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _b\"></span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>copertura <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>lo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>quello <span class=\"_ _b\"></span>risulta<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>quantit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>dell'ele<span class=\"_ _1\"></span>mento <span class=\"_ _7\"> </span>copert<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>il  Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po <span class=\"_ _7\"> </span>effe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>copre<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>dalla  quantit\u00e0  dello <span class=\"_ _7\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>copertur<span class=\"_ _1\"></span>a che il Gruppo util<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span> effe<span class=\"_ _1\"></span>ttivament<span class=\"_ _1\"></span>e per copr<span class=\"_ _1\"></span>ire tale<span class=\"_ _1\"></span> quantit\u00e0 di elemen<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>operto.  Alla <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sti<span class=\"_ _1\"></span>pula <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>deriva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>sia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>sede <span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>prima <span class=\"_ _12\"> </span>iscrizi<span class=\"_ _1\"></span>one <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cia<span class=\"_ _1\"></span>scuna <span class=\"_ _12\"> </span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _12\"> </span>successi<span class=\"_ _1\"></span>va. <span class=\"_ _12\"> </span>I <span class=\"_ _7\"> </span>derivati <span class=\"_ _7\"> </span>sono <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>come <span class=\"_ _12\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>finanziarie quando <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue \u00e8 <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>e come <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 finanziarie <span class=\"_ _4\"></span>quan<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _9\"> </span>sono <span class=\"_ _b\"></span>classifica<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orrenti <span class=\"_ _b\"></span>o <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>in <span class=\"_ _b\"> </span>base <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>e<span class=\"_ _41\"> </span>all\u2019int<span class=\"_ _1\"></span>enzione del Gruppo di c<span class=\"_ _1\"></span>ontinuar<span class=\"_ _1\"></span>e a detener<span class=\"_ _1\"></span>e o meno tal<span class=\"_ _1\"></span>i strumen<span class=\"_ _1\"></span>ti fino alla scadenz<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span>Rispetta<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>equisiti <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>op<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019int<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>prire <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>esposizi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>al rischio<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>variazion<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _4\"></span>attesi <span class=\"_ _5\"></span>associa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>un\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>transazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>alt<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>probabile, <span class=\"_ _5\"></span>s<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>  il <span class=\"_ _9\"> </span>tra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>ontabile <span class=\"_ _9\"> </span>del  c<span class=\"_ _1\"></span>ash  fl<span class=\"_ _1\"></span>ow  hedg<span class=\"_ _1\"></span>e  e <span class=\"_ _9\"> </span>pertant<span class=\"_ _1\"></span>o  la <span class=\"_ _9\"> </span>porzione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>utile <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>dita <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ullo<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>coperto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>efficace, <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>nelle <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>specific<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>patrimonio <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>definita <span class=\"_ _4\"></span>riserva <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ash <span class=\"_ _4\"></span>flow<span class=\"_ _41\"> </span>hedge, <span class=\"_ _1\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>effic<span class=\"_ _1\"></span>ace <span class=\"_ _1\"></span>\u00e8 ril<span class=\"_ _1\"></span>evat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>ambito<span class=\"_ _41\"> </span>degli altri ric<span class=\"_ _1\"></span>avi e pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>o degli altri c<span class=\"_ _1\"></span>osti opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Gli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _4\"></span>nelle <span class=\"_ _5\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>componenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>successiv<span class=\"_ _1\"></span>amente<span class=\"_ _41\"> </span>river<span class=\"_ _1\"></span>sati <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _a\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _a\"></span>influenz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o, per ese<span class=\"_ _1\"></span>mpio se si verifi<span class=\"_ _1\"></span>ca una vendit<span class=\"_ _1\"></span>a o vi \u00e8 una sv<span class=\"_ _1\"></span>alutazione<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Qualor<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>lo <span class=\"_ _c\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>sia <span class=\"_ _d\"> </span>ceduto<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>giung<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>a <span class=\"_ _c\"> </span>scadenz<span class=\"_ _1\"></span>a, <span class=\"_ _c\"> </span>annullat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>o <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>senz<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>sostituzione<span class=\"_ _1\"></span>, o non si quali<span class=\"_ _1\"></span>fichi pi\u00f9 co<span class=\"_ _1\"></span>me efficace<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a del risc<span class=\"_ _1\"></span>hio a fron<span class=\"_ _1\"></span>te del <span class=\"_ _1\"></span>quale l\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one era<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ata accesa, la quota di <span class=\"_ _4\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di cash flow hedge <span class=\"_ _4\"></span>a esso rela<span class=\"_ _1\"></span>tiva viene mantenut<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sino a quando non <span class=\"_ _4\"></span>s<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>manif<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a il contr<span class=\"_ _1\"></span>atto s<span class=\"_ _1\"></span>ottost<span class=\"_ _1\"></span>ante.<span class=\"_ _41\"> </span>Quando <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>transazi<span class=\"_ _1\"></span>one pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 pi\u00f9 <span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>enuta <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>obabile, gl<span class=\"_ _1\"></span>i utili<span class=\"_ _1\"></span> o <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>ti a <span class=\"_ _1\"></span>patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>sono rilascia<span class=\"_ _1\"></span>ti immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e a cont<span class=\"_ _1\"></span>o economico.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "Strumenti fina<span class=\"_ _1\"></span>nziari derivati Un deriv<span class=\"_ _1\"></span>ato \u00e8 uno s<span class=\"_ _1\"></span>trument<span class=\"_ _1\"></span>o finanziario o un altr<span class=\"_ _1\"></span>o cont<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>o che presen<span class=\"_ _1\"></span>ta le se<span class=\"_ _1\"></span>guenti car<span class=\"_ _1\"></span>atteris<span class=\"_ _1\"></span>tiche:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il  v<span class=\"_ _1\"></span>alore <span class=\"_ _10\"> </span>cambia <span class=\"_ _10\"> </span>in  r<span class=\"_ _1\"></span>elazione <span class=\"_ _10\"> </span>alle <span class=\"_ _10\"> </span>variazi<span class=\"_ _1\"></span>oni  di  u<span class=\"_ _1\"></span>n  par<span class=\"_ _1\"></span>ametro<span class=\"_ _1\"></span>  definit<span class=\"_ _1\"></span>o  underlying,  q<span class=\"_ _1\"></span>uale  ta<span class=\"_ _1\"></span>sso  di<span class=\"_ _41\"> </span></span></span>int<span class=\"_ _1\"></span>eresse, prezz<span class=\"_ _1\"></span>o di un <span class=\"_ _4\"></span>titol<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o di una <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>ce, tasso di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambio in <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta est<span class=\"_ _1\"></span>era, indice di prezzi o <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi,<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ting di un credit<span class=\"_ _1\"></span>o o altr<span class=\"_ _1\"></span>a va<span class=\"_ _1\"></span>riabile;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>inizi<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>ero<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>minore di <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _4\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>con<span class=\"_ _41\"> </span></span></span>una rispos<span class=\"_ _1\"></span>ta simile ai<span class=\"_ _1\"></span> cambiamen<span class=\"_ _1\"></span>ti delle condizioni <span class=\"_ _1\"></span>di merc<span class=\"_ _1\"></span>ato;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">verr<span class=\"_ _1\"></span>\u00e0 regola<span class=\"_ _1\"></span>to ad una da<span class=\"_ _1\"></span>ta futur<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span></span></span>Gli <span class=\"_ _5\"></span>strumenti <span class=\"_ _4\"></span>finanziari <span class=\"_ _5\"></span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>stipulati <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>ppresen<span class=\"_ _1\"></span>tati <span class=\"_ _4\"></span>da <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tti <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>con finalit<span class=\"_ _1\"></span>\u00e0 di c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> del rischio di c<span class=\"_ _1\"></span>ambio. All<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>avvio di u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _1\"></span>ope<span class=\"_ _1\"></span>razione di<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a, il Gruppo<span class=\"_ _1\"></span> designa e<span class=\"_ _41\"> </span>document<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>ormalment<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>rapporto <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>copertura, <span class=\"_ _9\"> </span>cui <span class=\"_ _9\"> </span>inte<span class=\"_ _1\"></span>nde <span class=\"_ _10\"> </span>applica<span class=\"_ _1\"></span>re <span class=\"_ _9\"> </span>l\u2019hedge <span class=\"_ _10\"> </span>acc<span class=\"_ _1\"></span>ounting, <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>propri<span class=\"_ _41\"> </span>obiettivi nella<span class=\"_ _1\"></span> gestione del<span class=\"_ _1\"></span> rischio e la str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egia persegu<span class=\"_ _1\"></span>ita, coe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>emente<span class=\"_ _1\"></span> con IFRS 9.<span class=\"_ _41\"> </span>La documen<span class=\"_ _1\"></span>tazione pr<span class=\"_ _1\"></span>edispos<span class=\"_ _1\"></span>ta in conf<span class=\"_ _1\"></span>ormit<span class=\"_ _1\"></span>\u00e0 al princi<span class=\"_ _1\"></span>pio IFRS 9 incl<span class=\"_ _1\"></span>ude l\u2019identific<span class=\"_ _1\"></span>azione dello s<span class=\"_ _1\"></span>trumento<span class=\"_ _41\"> </span>di copertu<span class=\"_ _1\"></span>ra, <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>element<span class=\"_ _1\"></span>o c<span class=\"_ _1\"></span>operto, <span class=\"_ _1\"></span>della na<span class=\"_ _1\"></span>tura <span class=\"_ _1\"></span>del rischio <span class=\"_ _1\"></span>e delle <span class=\"_ _1\"></span>modalit\u00e0 <span class=\"_ _1\"></span>con cu<span class=\"_ _1\"></span>i il Grupp<span class=\"_ _1\"></span>o valut<span class=\"_ _1\"></span>a se <span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>sod<span class=\"_ _1\"></span>disfi <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>equisiti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>efficacia <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>copertura <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>essa. <span class=\"_ _9\"> </span>La <span class=\"_ _b\"></span>rel<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>soddisf<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>criteri <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>ammissibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>contabil<span class=\"_ _1\"></span>izzazi<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>copertura<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>presen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>tutti i seguen<span class=\"_ _1\"></span>ti requisiti <span class=\"_ _1\"></span>di efficacia del<span class=\"_ _1\"></span>la copertur<span class=\"_ _1\"></span>a:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">vi \u00e8 un r<span class=\"_ _1\"></span>apporto econ<span class=\"_ _1\"></span>omico tr<span class=\"_ _1\"></span>a l'element<span class=\"_ _1\"></span>o coperto e lo<span class=\"_ _1\"></span> strument<span class=\"_ _1\"></span>o di copertur<span class=\"_ _1\"></span>a;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l'eff<span class=\"_ _1\"></span>etto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>credi<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>evale <span class=\"_ _5\"></span>sulle <span class=\"_ _a\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _5\"></span>risultanti <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>detto <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporto<span class=\"_ _41\"> </span></span></span>economic<span class=\"_ _1\"></span>o;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _b\"></span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>copertura <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>lo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>quello <span class=\"_ _b\"></span>risulta<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>quantit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>dell'ele<span class=\"_ _1\"></span>mento <span class=\"_ _7\"> </span>copert<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>il  Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po <span class=\"_ _7\"> </span>effe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>copre<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>dalla  quantit\u00e0  dello <span class=\"_ _7\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>copertur<span class=\"_ _1\"></span>a che il Gruppo util<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span> effe<span class=\"_ _1\"></span>ttivament<span class=\"_ _1\"></span>e per copr<span class=\"_ _1\"></span>ire tale<span class=\"_ _1\"></span> quantit\u00e0 di elemen<span class=\"_ _1\"></span>to c<span class=\"_ _1\"></span>operto.  Alla <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sti<span class=\"_ _1\"></span>pula <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>deriva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>sia <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>sede <span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>prima <span class=\"_ _12\"> </span>iscrizi<span class=\"_ _1\"></span>one <span class=\"_ _12\"> </span>che <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cia<span class=\"_ _1\"></span>scuna <span class=\"_ _12\"> </span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _12\"> </span>successi<span class=\"_ _1\"></span>va. <span class=\"_ _12\"> </span>I <span class=\"_ _7\"> </span>derivati <span class=\"_ _7\"> </span>sono <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>come <span class=\"_ _12\"> </span>attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>finanziarie quando <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue \u00e8 <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>e come <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 finanziarie <span class=\"_ _4\"></span>quan<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>deriv<span class=\"_ _1\"></span>ati <span class=\"_ _9\"> </span>sono <span class=\"_ _b\"></span>classifica<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orrenti <span class=\"_ _b\"></span>o <span class=\"_ _9\"> </span>non <span class=\"_ _b\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>in <span class=\"_ _b\"> </span>base <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>e<span class=\"_ _41\"> </span>all\u2019int<span class=\"_ _1\"></span>enzione del Gruppo di c<span class=\"_ _1\"></span>ontinuar<span class=\"_ _1\"></span>e a detener<span class=\"_ _1\"></span>e o meno tal<span class=\"_ _1\"></span>i strumen<span class=\"_ _1\"></span>ti fino alla scadenz<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span>Rispetta<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>i r<span class=\"_ _1\"></span>equisiti <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>op<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019int<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>prire <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>esposizi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>al rischio<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>variazion<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cassa <span class=\"_ _4\"></span>attesi <span class=\"_ _5\"></span>associa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ad <span class=\"_ _a\"></span>un\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>transazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>alt<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>probabile, <span class=\"_ _5\"></span>s<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>  il <span class=\"_ _9\"> </span>tra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o  c<span class=\"_ _1\"></span>ontabile <span class=\"_ _9\"> </span>del  c<span class=\"_ _1\"></span>ash  fl<span class=\"_ _1\"></span>ow  hedg<span class=\"_ _1\"></span>e  e <span class=\"_ _9\"> </span>pertant<span class=\"_ _1\"></span>o  la <span class=\"_ _9\"> </span>porzione <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>utile <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>dita <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ullo<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>coperto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>parte <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>efficace, <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rileva<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>nelle <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>specific<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>patrimonio <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>definita <span class=\"_ _4\"></span>riserva <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ash <span class=\"_ _4\"></span>flow<span class=\"_ _41\"> </span>hedge, <span class=\"_ _1\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>effic<span class=\"_ _1\"></span>ace <span class=\"_ _1\"></span>\u00e8 ril<span class=\"_ _1\"></span>evat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>conto <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>ambito<span class=\"_ _41\"> </span>degli altri ric<span class=\"_ _1\"></span>avi e pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>o degli altri c<span class=\"_ _1\"></span>osti opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Gli <span class=\"_ _5\"></span>importi <span class=\"_ _5\"></span>riconosciuti <span class=\"_ _4\"></span>nelle <span class=\"_ _5\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>componenti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>successiv<span class=\"_ _1\"></span>amente<span class=\"_ _41\"> </span>river<span class=\"_ _1\"></span>sati <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _a\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>coper<span class=\"_ _1\"></span>tura <span class=\"_ _a\"></span>influenz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>conto<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o, per ese<span class=\"_ _1\"></span>mpio se si verifi<span class=\"_ _1\"></span>ca una vendit<span class=\"_ _1\"></span>a o vi \u00e8 una sv<span class=\"_ _1\"></span>alutazione<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Qualor<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>lo <span class=\"_ _c\"> </span>strumen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>copertur<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>sia <span class=\"_ _d\"> </span>ceduto<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>giung<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>a <span class=\"_ _c\"> </span>scadenz<span class=\"_ _1\"></span>a, <span class=\"_ _c\"> </span>annullat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>o <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>senz<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>sostituzione<span class=\"_ _1\"></span>, o non si quali<span class=\"_ _1\"></span>fichi pi\u00f9 co<span class=\"_ _1\"></span>me efficace<span class=\"_ _1\"></span> copertur<span class=\"_ _1\"></span>a del risc<span class=\"_ _1\"></span>hio a fron<span class=\"_ _1\"></span>te del <span class=\"_ _1\"></span>quale l\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one era<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ata accesa, la quota di <span class=\"_ _4\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di cash flow hedge <span class=\"_ _4\"></span>a esso rela<span class=\"_ _1\"></span>tiva viene mantenut<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>sino a quando non <span class=\"_ _4\"></span>s<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>manif<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a il contr<span class=\"_ _1\"></span>atto s<span class=\"_ _1\"></span>ottost<span class=\"_ _1\"></span>ante.<span class=\"_ _41\"> </span>Quando <span class=\"_ _1\"></span>una <span class=\"_ _1\"></span>transazi<span class=\"_ _1\"></span>one pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 pi\u00f9 <span class=\"_ _1\"></span>rit<span class=\"_ _1\"></span>enuta <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>obabile, gl<span class=\"_ _1\"></span>i utili<span class=\"_ _1\"></span> o <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>ti a <span class=\"_ _1\"></span>patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>sono rilascia<span class=\"_ _1\"></span>ti immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e a cont<span class=\"_ _1\"></span>o economico.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "Pa<span class=\"_ _1\"></span>ssivit\u00e0 finanzi<span class=\"_ _1\"></span>arie<span class=\"_ _41\"> </span>Le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>te, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>momento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell\u2019iscrizione <span class=\"_ _4\"></span>iniziale, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a conto economico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>i mutui e <span class=\"_ _4\"></span>finanziamen<span class=\"_ _1\"></span>ti, <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i derivati designa<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>come<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>strumen<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>copertur<span class=\"_ _1\"></span>a. <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>utte <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ono <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>inizialment<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span>ungono, <span class=\"_ _4\"></span>ne<span class=\"_ _41\"> </span>l<span class=\"_ _41\"> </span>caso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>mutui, <span class=\"_ _4\"></span>finanziamenti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>debiti, <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tran<span class=\"_ _1\"></span>sazione <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>essi <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attribuibili<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>enute <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>compr<span class=\"_ _1\"></span>endono <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e passivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>mutui e<span class=\"_ _1\"></span> finanzi<span class=\"_ _1\"></span>amenti<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>inclusi sc<span class=\"_ _1\"></span>operti di cont<span class=\"_ _1\"></span>o corr<span class=\"_ _1\"></span>ente.<span class=\"_ _41\"> </span>La <span class=\"_ _9\"> </span>modalit\u00e0 <span class=\"_ _9\"> </span>di  v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione  s<span class=\"_ _1\"></span>uccessiva <span class=\"_ _9\"> </span>delle <span class=\"_ _10\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _9\"> </span>finanziarie <span class=\"_ _9\"> </span>dipende <span class=\"_ _10\"> </span>dalla <span class=\"_ _9\"> </span>loro <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>zione.  In<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>economico<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>riguardano <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> d<span class=\"_ _1\"></span>etenute<span class=\"_ _1\"></span> per<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>goziazione <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quell<span class=\"_ _1\"></span>e pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _1\"></span>assunt<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019inte<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>estingue<span class=\"_ _1\"></span>rle<span class=\"_ _41\"> </span>o tra<span class=\"_ _1\"></span>sferirle<span class=\"_ _1\"></span> nel bre<span class=\"_ _1\"></span>ve termine<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>finanziarie <span class=\"_ _4\"></span>rifer<span class=\"_ _1\"></span>ite <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>finanziamenti, <span class=\"_ _5\"></span>ca<span class=\"_ _1\"></span>tegoria <span class=\"_ _4\"></span>maggiormente <span class=\"_ _4\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>passivit\u00e0<span class=\"_ _41\"> </span>finanziarie det<span class=\"_ _1\"></span>enute dal Gruppo<span class=\"_ _1\"></span>, sono <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te con il crit<span class=\"_ _1\"></span>erio <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto ammortizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di inter<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Gli <span class=\"_ _a\"></span>utili <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>perdi<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>contabil<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>quando <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>estint<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed<span class=\"_ _41\"> </span>anche mediant<span class=\"_ _1\"></span>e il proce<span class=\"_ _1\"></span>sso di ammorta<span class=\"_ _1\"></span>mento.<span class=\"_ _41\"> </span>Il cos<span class=\"_ _1\"></span>to ammortizza<span class=\"_ _1\"></span>to \u00e8 <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcolat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vando lo s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto o il premio sull\u2019<span class=\"_ _6\"></span>acquisizione e gli onorari o cos<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>anno <span class=\"_ _a\"></span>parte<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>egran<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>eff<span class=\"_ _1\"></span>ettivo. <span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eresse <span class=\"_ _4\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8<span class=\"_ _41\"> </span>compr<span class=\"_ _1\"></span>eso tra gli<span class=\"_ _1\"></span> oneri finanziari nel pr<span class=\"_ _1\"></span>ospetto del<span class=\"_ _1\"></span>l\u2019utile/<span class=\"_ _1\"></span>(perdit<span class=\"_ _1\"></span>a).<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>debiti <span class=\"_ _1\"></span>commerci<span class=\"_ _1\"></span>ali <span class=\"_ _1\"></span>e le <span class=\"_ _1\"></span>altre <span class=\"_ _1\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>finanziarie <span class=\"_ _1\"></span>sono cl<span class=\"_ _1\"></span>assificati <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>a l<span class=\"_ _1\"></span>e passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>correnti, <span class=\"_ _1\"></span>salv<span class=\"_ _1\"></span>o quel<span class=\"_ _1\"></span>le che<span class=\"_ _41\"> </span>hanno <span class=\"_ _9\"> </span>una <span class=\"_ _b\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>adenza<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>contr<span class=\"_ _1\"></span>attuale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>oltre <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>dodi<span class=\"_ _1\"></span>ci <span class=\"_ _9\"> </span>mesi <span class=\"_ _9\"> </span>rispetto <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>data<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>le<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span>  non  corren<span class=\"_ _1\"></span>ti.  Le  passivit\u00e0  finanzi<span class=\"_ _1\"></span>arie  sono  elimina<span class=\"_ _1\"></span>te  quando  sono  es<span class=\"_ _1\"></span>tinte,  ovve<span class=\"_ _1\"></span>ro  quan<span class=\"_ _1\"></span>do<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione specifica<span class=\"_ _1\"></span>ta nel<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>atto \u00e8 adempiu<span class=\"_ _1\"></span>ta.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>finanziarie, <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _4\"></span>iscritte, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>seguito <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019introduzio<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>IFRS <span class=\"_ _4\"></span>16<span class=\"_ _41\"> </span>,<span class=\"_ _41\"> </span>anche <span class=\"_ _28\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _28\"> </span>fi<span class=\"_ _1\"></span>nanziarie <span class=\"_ _18\"> </span>rappre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive <span class=\"_ _18\"> </span>del <span class=\"_ _28\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _18\"> </span>attuale <span class=\"_ _28\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _28\"> </span>ca<span class=\"_ _1\"></span>noni <span class=\"_ _28\"> </span>da <span class=\"_ _18\"> </span>riconoscer<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>mente al loca<span class=\"_ _1\"></span>tore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _2\"></span>ambito di accor<span class=\"_ _1\"></span>di<span class=\"_ _4\"></span> di le<span class=\"_ _1\"></span>ase <span class=\"_ _4\"></span>plurie<span class=\"_ _1\"></span>nnali, per i quali ricorr<span class=\"_ _1\"></span>ono i presuppos<span class=\"_ _1\"></span>t<span class=\"_ _41\"> </span>i<span class=\"_ _41\"> </span>per l\u2019iscrizione de<span class=\"_ _1\"></span>l right of use tr<span class=\"_ _1\"></span>a le a<span class=\"_ _1\"></span>ttivit\u00e0 mat<span class=\"_ _1\"></span>eriali. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "Benefici ai dipe<span class=\"_ _1\"></span>ndenti I <span class=\"_ _10\"> </span>benefici <span class=\"_ _9\"> </span>ai <span class=\"_ _10\"> </span>dipenden<span class=\"_ _1\"></span>ti  sono <span class=\"_ _9\"> </span>tutti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>tipi <span class=\"_ _9\"> </span>di  r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zione <span class=\"_ _10\"> </span>er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  dal <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>cambio <span class=\"_ _10\"> </span>dell\u2019<span class=\"_ _2\"></span>attivit\u00e0<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>orativ<span class=\"_ _1\"></span>a sv<span class=\"_ _1\"></span>olta dai dipen<span class=\"_ _1\"></span>denti.<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>benefi<span class=\"_ _1\"></span>ci <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>termi<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>per i <span class=\"_ _4\"></span>dipendenti sono <span class=\"_ _4\"></span>rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>da salari, <span class=\"_ _4\"></span>sti<span class=\"_ _1\"></span>pendi, <span class=\"_ _4\"></span>oneri sociali, <span class=\"_ _4\"></span>indennit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sostituti<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>fe<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>incentivi <span class=\"_ _a\"></span>corrispos<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>sotto <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>rma <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>bonus <span class=\"_ _b\"></span>pag<span class=\"_ _1\"></span>abile <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>dodici <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>quali<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>periodo<span class=\"_ _41\"> </span>in cui \u00e8 pr<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 la<span class=\"_ _1\"></span>vora<span class=\"_ _1\"></span>tiva.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>successivi <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>lavor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>dividono <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>due <span class=\"_ _6\"></span>fattispecie<span class=\"_ _1\"></span>: <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ben<span class=\"_ _1\"></span>efici <span class=\"_ _1\"></span>definiti<span class=\"_ _41\"> </span>e <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>contrib<span class=\"_ _1\"></span>uzione <span class=\"_ _1\"></span>definit<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>piani <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>benefici<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>definiti <span class=\"_ _1\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>quei <span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>rammi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>vedono <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dator<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mpegni <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>vers<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>cessari <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>sufficienti <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>tire <span class=\"_ _9\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>efissat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>idenziale <span class=\"_ _a\"></span>futur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dipendente, <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>assunzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>attuariale <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>capo <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>lavor<span class=\"_ _1\"></span>o. Poic<span class=\"_ _1\"></span>h\u00e9 <span class=\"_ _4\"></span>nei pia<span class=\"_ _1\"></span>ni <span class=\"_ _4\"></span>a bene<span class=\"_ _1\"></span>fici definiti l\u2019<span class=\"_ _6\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>be<span class=\"_ _1\"></span>neficio da erog<span class=\"_ _1\"></span>are \u00e8 qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>abile soltant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>do<span class=\"_ _1\"></span>po <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>cessazione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _4\"></span>economici <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>trimoniali <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>calc<span class=\"_ _1\"></span>oli<span class=\"_ _41\"> </span>attuarial<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>formemen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>principio <span class=\"_ _a\"></span>IAS <span class=\"_ _5\"></span>19. <span class=\"_ _a\"></span>I <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>contribuzione <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>quei <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ogrammi <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>edono <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>versi <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>refissati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>fo<span class=\"_ _1\"></span>ndo. <span class=\"_ _4\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>obbl<span class=\"_ _1\"></span>igazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>dator<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>estingue <span class=\"_ _9\"> </span>quindi <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>ver<span class=\"_ _1\"></span>samento<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>ributi <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>fo<span class=\"_ _1\"></span>ndo <span class=\"_ _10\"> </span>ed <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>rischio <span class=\"_ _9\"> </span>a<span class=\"_ _4\"></span>ttuaria<span class=\"_ _1\"></span>le <span class=\"_ _10\"> </span>ricade<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>sul<span class=\"_ _41\"> </span>dipendent<span class=\"_ _1\"></span>e. <span class=\"_ _a\"></span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _b\"></span>a <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tribuzione <span class=\"_ _a\"></span>definita<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>gli <span class=\"_ _a\"></span>oneri <span class=\"_ _a\"></span>contributivi <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>quando essi sono <span class=\"_ _1\"></span>sostenuti <span class=\"_ _1\"></span>in base al rela<span class=\"_ _1\"></span>tivo valor<span class=\"_ _1\"></span>e nominale.<span class=\"_ _41\"> </span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>benefici <span class=\"_ _5\"></span>definiti <span class=\"_ _a\"></span>rientr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _a\"></span>Rapporto <span class=\"_ _a\"></span>(TFR) <span class=\"_ _a\"></span>dovuto <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>dipendenti <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>sensi<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _b\"></span>2120 <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>Codice <span class=\"_ _b\"> </span>c<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>ile, <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>31 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>2006 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>quan<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>quote <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con<span class=\"_ _41\"> </span>decorr<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ennaio <span class=\"_ _4\"></span>2007, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Legge <span class=\"_ _4\"></span>296 <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>27<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _4\"></span>2006, <span class=\"_ _4\"></span>sulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>scelte<span class=\"_ _41\"> </span>implicit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>esplicite <span class=\"_ _4\"></span>operat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>dai <span class=\"_ _4\"></span>lavora<span class=\"_ _1\"></span>tori, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>destinat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>fondi <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>previdenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>complement<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>oppure al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>soreria istituit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>presso <span class=\"_ _4\"></span>l\u2019I<span class=\"_ _1\"></span>NPS. <span class=\"_ _4\"></span>La pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>\u00e8 proiett<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il m<span class=\"_ _4\"></span>etodo della<span class=\"_ _41\"> </span>proie<span class=\"_ _1\"></span>zione <span class=\"_ _b\"></span>unita<span class=\"_ _1\"></span>ria <span class=\"_ _b\"></span>(Proje<span class=\"_ _1\"></span>cted <span class=\"_ _a\"></span>Unit <span class=\"_ _b\"></span>Cre<span class=\"_ _1\"></span>dit <span class=\"_ _b\"></span>Method) <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>calcolar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>probabile <span class=\"_ _a\"></span>ammontar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>risoluzione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>rapp<span class=\"_ _1\"></span>orto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>oro<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>poi <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>ner <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>tempo <span class=\"_ _5\"></span>che<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>scorrer<span class=\"_ _1\"></span>\u00e0 prima dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo pag<span class=\"_ _1\"></span>amento. La valu<span class=\"_ _1\"></span>tazione della passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>isc<span class=\"_ _1\"></span>ritta in bilancio \u00e8 basat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ulle<span class=\"_ _41\"> </span>conclusio<span class=\"_ _1\"></span>ni raggiunt<span class=\"_ _1\"></span>e da attuari es<span class=\"_ _1\"></span>terni al Gruppo. Il cal<span class=\"_ _1\"></span>colo tiene cont<span class=\"_ _1\"></span>o del TFR matur<span class=\"_ _1\"></span>ato per pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _c\"> </span>gi\u00e0<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>effe<span class=\"_ _1\"></span>ttuat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>basat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>su <span class=\"_ _c\"> </span>ipotesi <span class=\"_ _12\"> </span>attuariali <span class=\"_ _12\"> </span>che <span class=\"_ _c\"> </span>riguardano <span class=\"_ _c\"> </span>pri<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>cipalmen<span class=\"_ _1\"></span>te: <span class=\"_ _c\"> </span>le <span class=\"_ _12\"> </span>basi<span class=\"_ _41\"> </span>demogra<span class=\"_ _1\"></span>fiche (quali la rota<span class=\"_ _1\"></span>zione e <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mort<span class=\"_ _1\"></span>alit\u00e0 dei dipenden<span class=\"_ _1\"></span>ti) <span class=\"_ _4\"></span>e finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>quali il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>flazione ed<span class=\"_ _41\"> </span>il <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>coer<span class=\"_ _1\"></span>ente <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quella <span class=\"_ _5\"></span>atte<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione). <span class=\"_ _5\"></span>Il <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>iscritta <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>bilancio risulta, <span class=\"_ _4\"></span>pert<span class=\"_ _1\"></span>anto<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>alline<span class=\"_ _1\"></span>ata a <span class=\"_ _4\"></span>quella <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ante dalla <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lutazione attuariale <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>gli<span class=\"_ _41\"> </span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _a\"></span>emer<span class=\"_ _1\"></span>genti <span class=\"_ _4\"></span>dal <span class=\"_ _a\"></span>cal<span class=\"_ _1\"></span>colo <span class=\"_ _5\"></span>vengono <span class=\"_ _5\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>affe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _4\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _4\"></span>emergono,<span class=\"_ _41\"> </span>tenut<span class=\"_ _1\"></span>o conto<span class=\"_ _1\"></span>, laddov<span class=\"_ _1\"></span>e presen<span class=\"_ _1\"></span>te, del r<span class=\"_ _1\"></span>elativo eff<span class=\"_ _6\"></span>etto fiscal<span class=\"_ _1\"></span>e diffe<span class=\"_ _1\"></span>rito. I <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>dovuti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cessazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rapport<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>voro <span class=\"_ _6\"></span>sono<span class=\"_ _4\"></span> <span class=\"_ _6\"></span>rilevati <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>quando<span class=\"_ _41\"> </span>l\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>decide <span class=\"_ _4\"></span>di concluder<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il rapporto <span class=\"_ _4\"></span>di lavo<span class=\"_ _1\"></span>ro <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>dipen<span class=\"_ _1\"></span>dente o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>gruppo di <span class=\"_ _4\"></span>dipenden<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>prima<span class=\"_ _41\"> </span>della <span class=\"_ _6\"></span>normale <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>pensionament<span class=\"_ _1\"></span>o, <span class=\"_ _6\"></span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dipendente <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>decida<span class=\"_ _41\"> </span>di <span class=\"_ _4\"></span>accett<span class=\"_ _1\"></span>are un\u2019<span class=\"_ _6\"></span>offe<span class=\"_ _1\"></span>rta <span class=\"_ _4\"></span>di benefici <span class=\"_ _4\"></span>in cambio della <span class=\"_ _4\"></span>cessa<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto di <span class=\"_ _4\"></span>lav<span class=\"_ _1\"></span>oro. I <span class=\"_ _4\"></span>benefici dovuti <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>la cessazione del<span class=\"_ _1\"></span> rapporto<span class=\"_ _1\"></span> di lavo<span class=\"_ _1\"></span>ro sono<span class=\"_ _1\"></span> rilevati i<span class=\"_ _1\"></span>mmediat<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> nel cost<span class=\"_ _1\"></span>o del la<span class=\"_ _1\"></span>vo<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "Benefici ai dipe<span class=\"_ _1\"></span>ndenti I <span class=\"_ _10\"> </span>benefici <span class=\"_ _9\"> </span>ai <span class=\"_ _10\"> </span>dipenden<span class=\"_ _1\"></span>ti  sono <span class=\"_ _9\"> </span>tutti <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>tipi <span class=\"_ _9\"> </span>di  r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>zione <span class=\"_ _10\"> </span>er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  dal <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>cambio <span class=\"_ _10\"> </span>dell\u2019<span class=\"_ _2\"></span>attivit\u00e0<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>orativ<span class=\"_ _1\"></span>a sv<span class=\"_ _1\"></span>olta dai dipen<span class=\"_ _1\"></span>denti.<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>benefi<span class=\"_ _1\"></span>ci <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>termi<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>per i <span class=\"_ _4\"></span>dipendenti sono <span class=\"_ _4\"></span>rap<span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>da salari, <span class=\"_ _4\"></span>sti<span class=\"_ _1\"></span>pendi, <span class=\"_ _4\"></span>oneri sociali, <span class=\"_ _4\"></span>indennit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sostituti<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>fe<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>incentivi <span class=\"_ _a\"></span>corrispos<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>sotto <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>rma <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>bonus <span class=\"_ _b\"></span>pag<span class=\"_ _1\"></span>abile <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>dodici <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>chiusur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>quali<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>componenti <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>periodo<span class=\"_ _41\"> </span>in cui \u00e8 pr<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>ta l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 la<span class=\"_ _1\"></span>vora<span class=\"_ _1\"></span>tiva.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>benefici <span class=\"_ _6\"></span>successivi <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fine <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>lavor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ud<span class=\"_ _1\"></span>dividono <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>due <span class=\"_ _6\"></span>fattispecie<span class=\"_ _1\"></span>: <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ben<span class=\"_ _1\"></span>efici <span class=\"_ _1\"></span>definiti<span class=\"_ _41\"> </span>e <span class=\"_ _1\"></span>piani <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>contrib<span class=\"_ _1\"></span>uzione <span class=\"_ _1\"></span>definit<span class=\"_ _1\"></span>a. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>piani <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>benefici<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>definiti <span class=\"_ _1\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>quei <span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>rammi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>vedono <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dator<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mpegni <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>vers<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>cessari <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>sufficienti <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ran<span class=\"_ _1\"></span>tire <span class=\"_ _9\"> </span>una<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>efissat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>idenziale <span class=\"_ _a\"></span>futur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dipendente, <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>assunzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>rischio <span class=\"_ _a\"></span>attuariale <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>capo <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>lavor<span class=\"_ _1\"></span>o. Poic<span class=\"_ _1\"></span>h\u00e9 <span class=\"_ _4\"></span>nei pia<span class=\"_ _1\"></span>ni <span class=\"_ _4\"></span>a bene<span class=\"_ _1\"></span>fici definiti l\u2019<span class=\"_ _6\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>be<span class=\"_ _1\"></span>neficio da erog<span class=\"_ _1\"></span>are \u00e8 qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>tific<span class=\"_ _1\"></span>abile soltant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>do<span class=\"_ _1\"></span>po <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>cessazione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _4\"></span>economici <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>trimoniali <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>calc<span class=\"_ _1\"></span>oli<span class=\"_ _41\"> </span>attuarial<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>formemen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>principio <span class=\"_ _a\"></span>IAS <span class=\"_ _5\"></span>19. <span class=\"_ _a\"></span>I <span class=\"_ _5\"></span>piani <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>contribuzione <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>quei <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ogrammi <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>edono <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span>voro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>versi <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>refissati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>fo<span class=\"_ _1\"></span>ndo. <span class=\"_ _4\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>obbl<span class=\"_ _1\"></span>igazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>dator<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>estingue <span class=\"_ _9\"> </span>quindi <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>ver<span class=\"_ _1\"></span>samento<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>ributi <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>fo<span class=\"_ _1\"></span>ndo <span class=\"_ _10\"> </span>ed <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>rischio <span class=\"_ _9\"> </span>a<span class=\"_ _4\"></span>ttuaria<span class=\"_ _1\"></span>le <span class=\"_ _10\"> </span>ricade<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>sul<span class=\"_ _41\"> </span>dipendent<span class=\"_ _1\"></span>e. <span class=\"_ _a\"></span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _b\"></span>a <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tribuzione <span class=\"_ _a\"></span>definita<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>gli <span class=\"_ _a\"></span>oneri <span class=\"_ _a\"></span>contributivi <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>quando essi sono <span class=\"_ _1\"></span>sostenuti <span class=\"_ _1\"></span>in base al rela<span class=\"_ _1\"></span>tivo valor<span class=\"_ _1\"></span>e nominale.<span class=\"_ _41\"> </span>Nei <span class=\"_ _a\"></span>piani <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>benefici <span class=\"_ _5\"></span>definiti <span class=\"_ _a\"></span>rientr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _a\"></span>Rapporto <span class=\"_ _a\"></span>(TFR) <span class=\"_ _a\"></span>dovuto <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>dipendenti <span class=\"_ _5\"></span>ai <span class=\"_ _a\"></span>sensi<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _b\"></span>2120 <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>Codice <span class=\"_ _b\"> </span>c<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>ile, <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>31 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>2006 <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>quan<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>quote <span class=\"_ _9\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con<span class=\"_ _41\"> </span>decorr<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ennaio <span class=\"_ _4\"></span>2007, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Legge <span class=\"_ _4\"></span>296 <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>27<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _4\"></span>2006, <span class=\"_ _4\"></span>sulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>scelte<span class=\"_ _41\"> </span>implicit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>esplicite <span class=\"_ _4\"></span>operat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>dai <span class=\"_ _4\"></span>lavora<span class=\"_ _1\"></span>tori, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>destinat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>fondi <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>previdenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>complement<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>oppure al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>soreria istituit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>presso <span class=\"_ _4\"></span>l\u2019I<span class=\"_ _1\"></span>NPS. <span class=\"_ _4\"></span>La pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>\u00e8 proiett<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>futur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il m<span class=\"_ _4\"></span>etodo della<span class=\"_ _41\"> </span>proie<span class=\"_ _1\"></span>zione <span class=\"_ _b\"></span>unita<span class=\"_ _1\"></span>ria <span class=\"_ _b\"></span>(Proje<span class=\"_ _1\"></span>cted <span class=\"_ _a\"></span>Unit <span class=\"_ _b\"></span>Cre<span class=\"_ _1\"></span>dit <span class=\"_ _b\"></span>Method) <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>calcolar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>probabile <span class=\"_ _a\"></span>ammontar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>risoluzione <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>rapp<span class=\"_ _1\"></span>orto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>oro<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>poi <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>ner <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>tempo <span class=\"_ _5\"></span>che<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>scorrer<span class=\"_ _1\"></span>\u00e0 prima dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo pag<span class=\"_ _1\"></span>amento. La valu<span class=\"_ _1\"></span>tazione della passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>isc<span class=\"_ _1\"></span>ritta in bilancio \u00e8 basat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ulle<span class=\"_ _41\"> </span>conclusio<span class=\"_ _1\"></span>ni raggiunt<span class=\"_ _1\"></span>e da attuari es<span class=\"_ _1\"></span>terni al Gruppo. Il cal<span class=\"_ _1\"></span>colo tiene cont<span class=\"_ _1\"></span>o del TFR matur<span class=\"_ _1\"></span>ato per pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni<span class=\"_ _41\"> </span>di <span class=\"_ _c\"> </span>lav<span class=\"_ _1\"></span>oro <span class=\"_ _c\"> </span>gi\u00e0<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>effe<span class=\"_ _1\"></span>ttuat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>basat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>su <span class=\"_ _c\"> </span>ipotesi <span class=\"_ _12\"> </span>attuariali <span class=\"_ _12\"> </span>che <span class=\"_ _c\"> </span>riguardano <span class=\"_ _c\"> </span>pri<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>cipalmen<span class=\"_ _1\"></span>te: <span class=\"_ _c\"> </span>le <span class=\"_ _12\"> </span>basi<span class=\"_ _41\"> </span>demogra<span class=\"_ _1\"></span>fiche (quali la rota<span class=\"_ _1\"></span>zione e <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>mort<span class=\"_ _1\"></span>alit\u00e0 dei dipenden<span class=\"_ _1\"></span>ti) <span class=\"_ _4\"></span>e finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>quali il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>flazione ed<span class=\"_ _41\"> </span>il <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>coer<span class=\"_ _1\"></span>ente <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quella <span class=\"_ _5\"></span>atte<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione). <span class=\"_ _5\"></span>Il <span class=\"_ _4\"></span>valore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>iscritta <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>bilancio risulta, <span class=\"_ _4\"></span>pert<span class=\"_ _1\"></span>anto<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>alline<span class=\"_ _1\"></span>ata a <span class=\"_ _4\"></span>quella <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ante dalla <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lutazione attuariale <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>gli<span class=\"_ _41\"> </span>utili <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>perdite<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _a\"></span>emer<span class=\"_ _1\"></span>genti <span class=\"_ _4\"></span>dal <span class=\"_ _a\"></span>cal<span class=\"_ _1\"></span>colo <span class=\"_ _5\"></span>vengono <span class=\"_ _5\"></span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>dirett<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>patrimonio <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>pros<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>affe<span class=\"_ _1\"></span>rent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _4\"></span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>complessivo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _4\"></span>emergono,<span class=\"_ _41\"> </span>tenut<span class=\"_ _1\"></span>o conto<span class=\"_ _1\"></span>, laddov<span class=\"_ _1\"></span>e presen<span class=\"_ _1\"></span>te, del r<span class=\"_ _1\"></span>elativo eff<span class=\"_ _6\"></span>etto fiscal<span class=\"_ _1\"></span>e diffe<span class=\"_ _1\"></span>rito. I <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>dovuti <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dipendenti <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>cessazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rapport<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>la<span class=\"_ _1\"></span>voro <span class=\"_ _6\"></span>sono<span class=\"_ _4\"></span> <span class=\"_ _6\"></span>rilevati <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>quando<span class=\"_ _41\"> </span>l\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>decide <span class=\"_ _4\"></span>di concluder<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il rapporto <span class=\"_ _4\"></span>di lavo<span class=\"_ _1\"></span>ro <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>dipen<span class=\"_ _1\"></span>dente o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>gruppo di <span class=\"_ _4\"></span>dipenden<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>prima<span class=\"_ _41\"> </span>della <span class=\"_ _6\"></span>normale <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>pensionament<span class=\"_ _1\"></span>o, <span class=\"_ _6\"></span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>in <span class=\"_ _6\"></span>cui <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>dipendente <span class=\"_ _6\"></span>o <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>grup<span class=\"_ _1\"></span>po <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>decida<span class=\"_ _41\"> </span>di <span class=\"_ _4\"></span>accett<span class=\"_ _1\"></span>are un\u2019<span class=\"_ _6\"></span>offe<span class=\"_ _1\"></span>rta <span class=\"_ _4\"></span>di benefici <span class=\"_ _4\"></span>in cambio della <span class=\"_ _4\"></span>cessa<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporto di <span class=\"_ _4\"></span>lav<span class=\"_ _1\"></span>oro. I <span class=\"_ _4\"></span>benefici dovuti <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>la cessazione del<span class=\"_ _1\"></span> rapporto<span class=\"_ _1\"></span> di lavo<span class=\"_ _1\"></span>ro sono<span class=\"_ _1\"></span> rilevati i<span class=\"_ _1\"></span>mmediat<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> nel cost<span class=\"_ _1\"></span>o del la<span class=\"_ _1\"></span>vo<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Piano di ince<span class=\"_ _1\"></span>ntivazione azio<span class=\"_ _1\"></span>naria a lungo termi<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>Il <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivazi<span class=\"_ _1\"></span>one azi<span class=\"_ _1\"></span>onaria <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apprese<span class=\"_ _1\"></span>nta, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>all\u2019IF<span class=\"_ _1\"></span>RS <span class=\"_ _1\"></span>2, <span class=\"_ _1\"></span>una c<span class=\"_ _1\"></span>omponent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>tributiva <span class=\"_ _1\"></span>dei bene<span class=\"_ _1\"></span>ficiari che<span class=\"_ _1\"></span> avvie<span class=\"_ _1\"></span>ne mediant<span class=\"_ _1\"></span>e l<span class=\"_ _1\"></span>a corr<span class=\"_ _1\"></span>esponsione <span class=\"_ _1\"></span>di stru<span class=\"_ _1\"></span>menti r<span class=\"_ _1\"></span>appr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativi <span class=\"_ _1\"></span>di ca<span class=\"_ _1\"></span>pitale<span class=\"_ _41\"> </span>(c.d. <span class=\"_ _1\"></span>equity<span class=\"_ _1\"></span>-settled <span class=\"_ _1\"></span>shar<span class=\"_ _1\"></span>e-based <span class=\"_ _1\"></span>paymen<span class=\"_ _1\"></span>t <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>ction). <span class=\"_ _1\"></span>Pe<span class=\"_ _1\"></span>r t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o dal<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _41\"> </span>degli s<span class=\"_ _1\"></span>trumenti a<span class=\"_ _1\"></span>ttribuiti e <span class=\"_ _1\"></span>alla pr<span class=\"_ _1\"></span>evisione de<span class=\"_ _1\"></span>l numer<span class=\"_ _1\"></span>o di azi<span class=\"_ _1\"></span>oni che sar<span class=\"_ _1\"></span>anno e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te assegna<span class=\"_ _1\"></span>te, f<span class=\"_ _1\"></span>air<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue determinat<span class=\"_ _1\"></span>o alla dat<span class=\"_ _1\"></span>a di attribuzione (gra<span class=\"_ _1\"></span>nt date<span class=\"_ _1\"></span>), ed \u00e8 rileva<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span> il<span class=\"_ _4\"></span> cos<span class=\"_ _1\"></span>to del personale<span class=\"_ _1\"></span> e costi per<span class=\"_ _41\"> </span>servizi <span class=\"_ _4\"></span>linearmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il vesting <span class=\"_ _4\"></span>period<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attribuzi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>dat<span class=\"_ _1\"></span>a di assegnazione, c<span class=\"_ _1\"></span>on contr<span class=\"_ _1\"></span>opartita u<span class=\"_ _1\"></span>na riserva di P<span class=\"_ _1\"></span>atrimonio<span class=\"_ _1\"></span> Netto denomin<span class=\"_ _1\"></span>ata Riserv<span class=\"_ _1\"></span>a stock gr<span class=\"_ _1\"></span>ant. Il f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue delle azioni sottost<span class=\"_ _1\"></span>anti il piano di incentiv<span class=\"_ _1\"></span>azione \u00e8 <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>ant da<span class=\"_ _1\"></span>te tenendo con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>delle <span class=\"_ _6\"></span>previsioni <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>merit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>raggiungiment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ametri <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sociati <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>e non <span class=\"_ _1\"></span>\u00e8 oggett<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>rettifica<span class=\"_ _1\"></span> negli <span class=\"_ _1\"></span>esercizi <span class=\"_ _1\"></span>successivi. Qu<span class=\"_ _1\"></span>ando l\u2019<span class=\"_ _6\"></span>otte<span class=\"_ _1\"></span>nimento <span class=\"_ _1\"></span>del benefi<span class=\"_ _1\"></span>cio \u00e8 c<span class=\"_ _1\"></span>onnesso a<span class=\"_ _1\"></span>nche<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>div<span class=\"_ _1\"></span>erse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>que<span class=\"_ _1\"></span>lle <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>stima <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativa <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rifles<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>adeguando <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>ves<span class=\"_ _1\"></span>ting period<span class=\"_ _1\"></span>, il <span class=\"_ _1\"></span>numer<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>si pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>sara<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettivamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>assegnat<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>La v<span class=\"_ _1\"></span>ariazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima<span class=\"_ _41\"> </span>sar\u00e0<span class=\"_ _1\"></span> event<span class=\"_ _1\"></span>ualmente<span class=\"_ _1\"></span> iscritta<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>ettifica <span class=\"_ _1\"></span>della voce <span class=\"_ _1\"></span>Riserva <span class=\"_ _1\"></span>stock <span class=\"_ _1\"></span>grant <span class=\"_ _1\"></span>con c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>opartit<span class=\"_ _1\"></span>a cos<span class=\"_ _1\"></span>to del pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span>e cos<span class=\"_ _1\"></span>ti per servizi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "Piano di ince<span class=\"_ _1\"></span>ntivazione azio<span class=\"_ _1\"></span>naria a lungo termi<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>Il <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivazi<span class=\"_ _1\"></span>one azi<span class=\"_ _1\"></span>onaria <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apprese<span class=\"_ _1\"></span>nta, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>all\u2019IF<span class=\"_ _1\"></span>RS <span class=\"_ _1\"></span>2, <span class=\"_ _1\"></span>una c<span class=\"_ _1\"></span>omponent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>tributiva <span class=\"_ _1\"></span>dei bene<span class=\"_ _1\"></span>ficiari che<span class=\"_ _1\"></span> avvie<span class=\"_ _1\"></span>ne mediant<span class=\"_ _1\"></span>e l<span class=\"_ _1\"></span>a corr<span class=\"_ _1\"></span>esponsione <span class=\"_ _1\"></span>di stru<span class=\"_ _1\"></span>menti r<span class=\"_ _1\"></span>appr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativi <span class=\"_ _1\"></span>di ca<span class=\"_ _1\"></span>pitale<span class=\"_ _41\"> </span>(c.d. <span class=\"_ _1\"></span>equity<span class=\"_ _1\"></span>-settled <span class=\"_ _1\"></span>shar<span class=\"_ _1\"></span>e-based <span class=\"_ _1\"></span>paymen<span class=\"_ _1\"></span>t <span class=\"_ _1\"></span>transa<span class=\"_ _1\"></span>ction). <span class=\"_ _1\"></span>Pe<span class=\"_ _1\"></span>r t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o dal<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ue<span class=\"_ _41\"> </span>degli s<span class=\"_ _1\"></span>trumenti a<span class=\"_ _1\"></span>ttribuiti e <span class=\"_ _1\"></span>alla pr<span class=\"_ _1\"></span>evisione de<span class=\"_ _1\"></span>l numer<span class=\"_ _1\"></span>o di azi<span class=\"_ _1\"></span>oni che sar<span class=\"_ _1\"></span>anno e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>ttivamen<span class=\"_ _1\"></span>te assegna<span class=\"_ _1\"></span>te, f<span class=\"_ _1\"></span>air<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue determinat<span class=\"_ _1\"></span>o alla dat<span class=\"_ _1\"></span>a di attribuzione (gra<span class=\"_ _1\"></span>nt date<span class=\"_ _1\"></span>), ed \u00e8 rileva<span class=\"_ _1\"></span>to tra<span class=\"_ _1\"></span> il<span class=\"_ _4\"></span> cos<span class=\"_ _1\"></span>to del personale<span class=\"_ _1\"></span> e costi per<span class=\"_ _41\"> </span>servizi <span class=\"_ _4\"></span>linearmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il vesting <span class=\"_ _4\"></span>period<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>ossia <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>erc<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attribuzi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>dat<span class=\"_ _1\"></span>a di assegnazione, c<span class=\"_ _1\"></span>on contr<span class=\"_ _1\"></span>opartita u<span class=\"_ _1\"></span>na riserva di P<span class=\"_ _1\"></span>atrimonio<span class=\"_ _1\"></span> Netto denomin<span class=\"_ _1\"></span>ata Riserv<span class=\"_ _1\"></span>a stock gr<span class=\"_ _1\"></span>ant. Il f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue delle azioni sottost<span class=\"_ _1\"></span>anti il piano di incentiv<span class=\"_ _1\"></span>azione \u00e8 <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>ant da<span class=\"_ _1\"></span>te tenendo con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>delle <span class=\"_ _6\"></span>previsioni <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>merit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>raggiungiment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>ametri <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _1\"></span>as<span class=\"_ _1\"></span>sociati <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>e non <span class=\"_ _1\"></span>\u00e8 oggett<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>rettifica<span class=\"_ _1\"></span> negli <span class=\"_ _1\"></span>esercizi <span class=\"_ _1\"></span>successivi. Qu<span class=\"_ _1\"></span>ando l\u2019<span class=\"_ _6\"></span>otte<span class=\"_ _1\"></span>nimento <span class=\"_ _1\"></span>del benefi<span class=\"_ _1\"></span>cio \u00e8 c<span class=\"_ _1\"></span>onnesso a<span class=\"_ _1\"></span>nche<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>div<span class=\"_ _1\"></span>erse <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>que<span class=\"_ _1\"></span>lle <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>stima <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativa <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ta<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rifles<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>adeguando <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>ves<span class=\"_ _1\"></span>ting period<span class=\"_ _1\"></span>, il <span class=\"_ _1\"></span>numer<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>si pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>sara<span class=\"_ _1\"></span>nno <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettivamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>assegnat<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>La v<span class=\"_ _1\"></span>ariazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stima<span class=\"_ _41\"> </span>sar\u00e0<span class=\"_ _1\"></span> event<span class=\"_ _1\"></span>ualmente<span class=\"_ _1\"></span> iscritta<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>ettifica <span class=\"_ _1\"></span>della voce <span class=\"_ _1\"></span>Riserva <span class=\"_ _1\"></span>stock <span class=\"_ _1\"></span>grant <span class=\"_ _1\"></span>con c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>opartit<span class=\"_ _1\"></span>a cos<span class=\"_ _1\"></span>to del pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span>e cos<span class=\"_ _1\"></span>ti per servizi.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "Fondi rischi e<span class=\"_ _1\"></span> oneri<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>fondi <span class=\"_ _4\"></span>rischi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>iscritti <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>fr<span class=\"_ _1\"></span>onte <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dite <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>natura<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>determi<span class=\"_ _1\"></span>nata<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>esist<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>certa <span class=\"_ _4\"></span>o<span class=\"_ _41\"> </span>probabil<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>quali, <span class=\"_ _1\"></span>tutt<span class=\"_ _1\"></span>avia, <span class=\"_ _6\"></span>sono i<span class=\"_ _1\"></span>ndetermi<span class=\"_ _1\"></span>nati <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ammont<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e/o <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>acca<span class=\"_ _1\"></span>dimento. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019iscrizione <span class=\"_ _6\"></span>viene<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>solo <span class=\"_ _1\"></span>quando <span class=\"_ _1\"></span>esis<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>un\u2019<span class=\"_ _6\"></span>obbligazione <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e (<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>le o <span class=\"_ _1\"></span>implici<span class=\"_ _1\"></span>ta) <span class=\"_ _1\"></span>risultan<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>even<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>passato<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>quando \u00e8 <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>obabile un\u2019uscit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di risorse per <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ar front<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a tale obblig<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>e quando \u00e8 <span class=\"_ _4\"></span>possibile eff<span class=\"_ _1\"></span>ettuare<span class=\"_ _41\"> </span>una stima<span class=\"_ _1\"></span> affidabile del suo<span class=\"_ _1\"></span> ammontar<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Quando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _4\"></span>finanziario <span class=\"_ _4\"></span>associat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>significa<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>obb<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>gazioni<span class=\"_ _41\"> </span>sono <span class=\"_ _6\"></span>attendibilmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>stimabili, <span class=\"_ _6\"></span>i <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>sono <span class=\"_ _6\"></span>attualizz<span class=\"_ _1\"></span>ati <span class=\"_ _6\"></span>utilizz<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>scont<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>lordo <span class=\"_ _6\"></span>delle <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>che riflett<span class=\"_ _1\"></span>e, ove adegua<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, la valut<span class=\"_ _1\"></span>azione corr<span class=\"_ _1\"></span>ente del<span class=\"_ _1\"></span> merc<span class=\"_ _1\"></span>ato del c<span class=\"_ _1\"></span>osto del de<span class=\"_ _1\"></span>naro in r<span class=\"_ _1\"></span>elazione al t<span class=\"_ _1\"></span>empo<span class=\"_ _41\"> </span>e, <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>appl<span class=\"_ _1\"></span>icabile, <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>specifici attribuibili all\u2019<span class=\"_ _6\"></span>obbligazione. <span class=\"_ _4\"></span>Qua<span class=\"_ _1\"></span>ndo <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>accan<span class=\"_ _1\"></span>tonament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>rischi e<span class=\"_ _41\"> </span>oneri <span class=\"_ _4\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>attualizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>periodic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore attuale <span class=\"_ _4\"></span>associat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>attor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>mporale <span class=\"_ _4\"></span>viene<span class=\"_ _41\"> </span>riflesso <span class=\"_ _1\"></span>nel con<span class=\"_ _1\"></span>to e<span class=\"_ _1\"></span>conomico <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>onere <span class=\"_ _1\"></span>finanziario. <span class=\"_ _1\"></span>Laddove <span class=\"_ _1\"></span>si suppo<span class=\"_ _1\"></span>nga <span class=\"_ _1\"></span>che tu<span class=\"_ _1\"></span>tte l<span class=\"_ _1\"></span>e spese, <span class=\"_ _1\"></span>o una <span class=\"_ _1\"></span>parte<span class=\"_ _41\"> </span>di <span class=\"_ _12\"> </span>esse, <span class=\"_ _7\"> </span>richiest<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>per <span class=\"_ _12\"> </span>estingue<span class=\"_ _1\"></span>re <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione <span class=\"_ _7\"> </span>veng<span class=\"_ _1\"></span>ano <span class=\"_ _12\"> </span>rimbor<span class=\"_ _1\"></span>sate <span class=\"_ _7\"> </span>da <span class=\"_ _12\"> </span>terzi, <span class=\"_ _7\"> </span>tale <span class=\"_ _12\"> </span>indennizz<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>se<span class=\"_ _41\"> </span>virtualmen<span class=\"_ _1\"></span>te certo<span class=\"_ _1\"></span>, \u00e8 rileva<span class=\"_ _1\"></span>to come a<span class=\"_ _1\"></span>ttivit\u00e0 dis<span class=\"_ _1\"></span>tint<span class=\"_ _1\"></span>a.<span class=\"_ _41\"> </span>Le varia<span class=\"_ _1\"></span>zioni di stima<span class=\"_ _1\"></span> degli acca<span class=\"_ _1\"></span>ntonamenti<span class=\"_ _1\"></span> ai fondi<span class=\"_ _1\"></span> sono riflesse nel<span class=\"_ _1\"></span> conto<span class=\"_ _1\"></span> economic<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio in cui<span class=\"_ _41\"> </span>avvie<span class=\"_ _1\"></span>ne <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>variazione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>port<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0. <span class=\"_ _4\"></span>Le <span class=\"_ _4\"></span>variazioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>diminuzione s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ate  in  c<span class=\"_ _1\"></span>ontropartit<span class=\"_ _1\"></span>a  della  passivi<span class=\"_ _1\"></span>t\u00e0  fino  a  conco<span class=\"_ _1\"></span>rrenz<span class=\"_ _1\"></span>a  del  suo  valor<span class=\"_ _1\"></span>e  con<span class=\"_ _1\"></span>tabile  e,  per  la  part<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>ecceden<span class=\"_ _1\"></span>te, a cont<span class=\"_ _1\"></span>o economi<span class=\"_ _1\"></span>co nella s<span class=\"_ _1\"></span>tessa voce a cui f<span class=\"_ _1\"></span>anno rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o. Gli <span class=\"_ _4\"></span>importi <span class=\"_ _4\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>fo<span class=\"_ _1\"></span>ndi <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>oneri sono <span class=\"_ _4\"></span>distin<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>quot<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>della<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>isione di pagamen<span class=\"_ _1\"></span>to/e<span class=\"_ _1\"></span>stinzione dell<span class=\"_ _1\"></span>e passivit\u00e0<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>rischi per <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>quali il<span class=\"_ _1\"></span> manif<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tarsi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>una pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _1\"></span>\u00e8 solt<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>o possibile<span class=\"_ _1\"></span>, sono <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>ome i<span class=\"_ _1\"></span>nforma<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>e per<span class=\"_ _41\"> </span>i medesimi non <span class=\"_ _1\"></span>si procede <span class=\"_ _1\"></span>ad alcuno st<span class=\"_ _1\"></span>anziamento<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "Ricavi da c<span class=\"_ _1\"></span>ontratti con i c<span class=\"_ _1\"></span>lienti<span class=\"_ _41\"> </span>I <span class=\"_ _1\"></span>ricav<span class=\"_ _1\"></span>i sono <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>corrispettivo <span class=\"_ _6\"></span>ricevuto <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>ricevibile <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sconti <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>abbuoni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sono rile<span class=\"_ _1\"></span>vati <span class=\"_ _1\"></span>quando<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>obblig<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>asf<span class=\"_ _1\"></span>erendo <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>bene <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>un cliente, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onformit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>quant<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>previs<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>princip<span class=\"_ _1\"></span>io <span class=\"_ _a\"></span>IFRS <span class=\"_ _a\"></span>15. <span class=\"_ _a\"></span>Il <span class=\"_ _5\"></span>trasf<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>avviene <span class=\"_ _5\"></span>quando <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>ottiene <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _6\"></span>ollo <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>bene <span class=\"_ _a\"></span>o <span class=\"_ _b\"></span>servizio <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>cio\u00e8 <span class=\"_ _b\"></span>quando <span class=\"_ _a\"></span>ha <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>capacit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>indirizz<span class=\"_ _1\"></span>arne <span class=\"_ _a\"></span>l\u2019uso <span class=\"_ _a\"></span>ed <span class=\"_ _b\"></span>ottene<span class=\"_ _1\"></span>rne <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>os<span class=\"_ _1\"></span>tanzial<span class=\"_ _1\"></span>mente <span class=\"_ _a\"></span>tutti <span class=\"_ _a\"></span>i<span class=\"_ _41\"> </span>benefici. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _5\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>trasf<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>in <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>certo <span class=\"_ _4\"></span>momento <span class=\"_ _5\"></span>(at <span class=\"_ _4\"></span>point <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>ti<span class=\"_ _4\"></span>me) <span class=\"_ _5\"></span>oppure <span class=\"_ _4\"></span>nel <span class=\"_ _a\"></span>cor<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span>tempo <span class=\"_ _4\"></span>(over <span class=\"_ _5\"></span>time) <span class=\"_ _5\"></span>mediant<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>opp<span class=\"_ _4\"></span>ort<span class=\"_ _1\"></span>une <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>cniche <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>misur<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>avanz<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>(metodi <span class=\"_ _4\"></span>output <span class=\"_ _5\"></span>e/o<span class=\"_ _41\"> </span>input).<span class=\"_ _41\"> </span>Nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>ansaction <span class=\"_ _b\"></span>price <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>attorizz<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>(in <span class=\"_ _b\"></span>base <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>me<span class=\"_ _1\"></span>todo <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _b\"></span>att<span class=\"_ _1\"></span>eso <span class=\"_ _9\"> </span>e/<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019importo <span class=\"_ _1\"></span>pi\u00f9 <span class=\"_ _1\"></span>probabile<span class=\"_ _1\"></span>), anche <span class=\"_ _1\"></span>elementi <span class=\"_ _1\"></span>variabil<span class=\"_ _1\"></span>i del c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _1\"></span>qualora <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>altamen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>probabile <span class=\"_ _1\"></span>che<span class=\"_ _41\"> </span>non <span class=\"_ _7\"> </span>vi <span class=\"_ _7\"> </span>sar\u00e0<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>un  significa<span class=\"_ _1\"></span>tivo <span class=\"_ _7\"> </span>reve<span class=\"_ _1\"></span>rsal <span class=\"_ _7\"> </span>in  fut<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>o. <span class=\"_ _7\"> </span>Le <span class=\"_ _7\"> </span>tra<span class=\"_ _1\"></span>nsazioni <span class=\"_ _7\"> </span>sono <span class=\"_ _7\"> </span>altre<span class=\"_ _1\"></span>s\u00ec <span class=\"_ _12\"> </span>r<span class=\"_ _1\"></span>ettificat<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>tener<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>in<span class=\"_ _41\"> </span>consider<span class=\"_ _1\"></span>azione il v<span class=\"_ _1\"></span>alore t<span class=\"_ _1\"></span>emporale del<span class=\"_ _1\"></span> denaro.<span class=\"_ _41\"> </span>I rica<span class=\"_ _1\"></span>vi del Gruppo sono <span class=\"_ _1\"></span>di seguito riepilog<span class=\"_ _1\"></span>ati rispe<span class=\"_ _1\"></span>tto alla r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>a disaggreg<span class=\"_ _1\"></span>azione per natura<span class=\"_ _1\"></span>:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">mercato<span class=\"_ _1\"></span>  regolame<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff2\">: <span class=\"_ _9\"> </span>due  dis<span class=\"_ _1\"></span>tinte <span class=\"_ _9\"> </span>obbliga<span class=\"_ _1\"></span>zioni  di <span class=\"_ _9\"> </span>far<span class=\"_ _1\"></span>e  adempiut<span class=\"_ _1\"></span>e  o<span class=\"_ _1\"></span>ver  tim<span class=\"_ _1\"></span>e  nell\u2019<span class=\"_ _2\"></span>ambito  degl<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></span></span></span>str<span class=\"_ _1\"></span>eam <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rotta <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>termina<span class=\"_ _1\"></span>le. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>ava<span class=\"_ _1\"></span>nzamenti <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>misura<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>metodo <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>output <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _5\"></span>alle<span class=\"_ _41\"> </span>unit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nei <span class=\"_ _5\"></span>servizi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>terminale <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>bal<span class=\"_ _4\"></span>ance <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>iscritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>bilancio<span class=\"_ _41\"> </span>nel <span class=\"_ _4\"></span>momen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la Capogruppo ha <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>perf<span class=\"_ _1\"></span>ormance obbliga<span class=\"_ _1\"></span>tion <span class=\"_ _4\"></span>dei servizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>otta e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>terminal<span class=\"_ _1\"></span>e; \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">mercato <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>regolament<span class=\"_ _1\"></span>ato<span class=\"ff2\">: <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>ricavi <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>on<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>disaggreg<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>tipologia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>tr<span class=\"_ _1\"></span>ansazione, <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span></span></span></span>licenz<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>pres<span class=\"_ _1\"></span>tazioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>servizi, <span class=\"_ _5\"></span>radiomisur<span class=\"_ _1\"></span>e, <span class=\"_ _a\"></span>consulen<span class=\"_ _1\"></span>za <span class=\"_ _5\"></span>aeronautica<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>tecn<span class=\"_ _1\"></span>ici <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ingegneria<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ormazione, <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>altri <span class=\"_ _4\"></span>rica<span class=\"_ _1\"></span>vi. <span class=\"_ _4\"></span>I <span class=\"_ _4\"></span>servizi <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>modal<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>over <span class=\"_ _4\"></span>ti<span class=\"_ _1\"></span>me <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>circosc<span class=\"_ _1\"></span>ritti <span class=\"_ _4\"></span>preva<span class=\"_ _1\"></span>lentemen<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>ai <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>erog<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>cons<span class=\"_ _1\"></span>ulenza <span class=\"_ _b\"></span>aeronau<span class=\"_ _1\"></span>tica <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>alle <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>compr<span class=\"_ _1\"></span>ensivi <span class=\"_ _b\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _7\"> </span>sulle <span class=\"_ _7\"> </span>licenze <span class=\"_ _7\"> </span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>vendute<span class=\"_ _1\"></span>. <span class=\"_ _12\"> </span>La <span class=\"_ _7\"> </span>vendita<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>delle<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>licenz<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>softwa<span class=\"_ _1\"></span>re <span class=\"_ _7\"> </span>e/o<span class=\"_ _41\"> </span>dell\u2019har<span class=\"_ _1\"></span>dware<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>clienti <span class=\"_ _a\"></span>viene <span class=\"_ _5\"></span>rilevat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>subordina<span class=\"_ _1\"></span>tamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>consegna <span class=\"_ _a\"></span>fisica <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>bene <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>(at<span class=\"_ _41\"> </span>point i<span class=\"_ _1\"></span>n time) sal<span class=\"_ _1\"></span>vo specifici <span class=\"_ _1\"></span>casi di <span class=\"_ _1\"></span>vendita<span class=\"_ _1\"></span> con c<span class=\"_ _1\"></span>onsegna <span class=\"_ _1\"></span>diffe<span class=\"_ _1\"></span>rita al <span class=\"_ _1\"></span>ricorrer<span class=\"_ _1\"></span>e dei <span class=\"_ _1\"></span>requisiti richi<span class=\"_ _1\"></span>esti dal<span class=\"_ _41\"> </span>principio di rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to.<span class=\"_ _41\"> </span>Balance \u2013 Ric<span class=\"_ _1\"></span>avi da contra<span class=\"_ _1\"></span>tti con i clienti<span class=\"_ _41\"> </span>La Capogruppo \u00e8 <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>solo pr<span class=\"_ _1\"></span>ovider nello Stat<span class=\"_ _1\"></span>o italiano che erog<span class=\"_ _1\"></span>a i s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di ges<span class=\"_ _1\"></span>tione <span class=\"_ _4\"></span>e contr<span class=\"_ _1\"></span>ollo del traffic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>aer<span class=\"_ _1\"></span>eo e <span class=\"_ _4\"></span>gli altri servizi essenziali per la navig<span class=\"_ _1\"></span>azione aerea, nei cieli ital<span class=\"_ _1\"></span>iani <span class=\"_ _4\"></span>e negli aer<span class=\"_ _1\"></span>oporti civili nazionali<span class=\"_ _41\"> </span>di  com<span class=\"_ _1\"></span>petenz<span class=\"_ _1\"></span>a.  T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span>  attivit<span class=\"_ _1\"></span>\u00e0  \u00e8  re<span class=\"_ _1\"></span>golata <span class=\"_ _10\"> </span>a  l<span class=\"_ _1\"></span>ivello  eur<span class=\"_ _1\"></span>opeo <span class=\"_ _10\"> </span>tramit<span class=\"_ _1\"></span>e  la<span class=\"_ _1\"></span>  presen<span class=\"_ _1\"></span>tazione <span class=\"_ _10\"> </span>ed  a<span class=\"_ _1\"></span>pprov<span class=\"_ _1\"></span>azione,<span class=\"_ _41\"> </span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>l\u2019En<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egolat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>(<span class=\"_ _1\"></span>ENAC), <span class=\"_ _4\"></span>del Piano <span class=\"_ _4\"></span>di Perf<span class=\"_ _1\"></span>ormance <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>veng<span class=\"_ _1\"></span>ono <span class=\"_ _4\"></span>defi<span class=\"_ _1\"></span>niti <span class=\"_ _4\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>obie<span class=\"_ _1\"></span>ttivi<span class=\"_ _4\"></span>, tra<span class=\"_ _41\"> </span>cui i livel<span class=\"_ _1\"></span>li di cos<span class=\"_ _1\"></span>to e di tr<span class=\"_ _1\"></span>affic<span class=\"_ _1\"></span>o necessari per la<span class=\"_ _1\"></span> determinazi<span class=\"_ _1\"></span>one delle tariff<span class=\"_ _1\"></span>e pe<span class=\"_ _1\"></span>r i cinque anni <span class=\"_ _1\"></span>di dura<span class=\"_ _1\"></span>ta del<span class=\"_ _41\"> </span>piano<span class=\"_ _1\"></span>,  fi<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti <span class=\"_ _10\"> </span>ex<span class=\"_ _1\"></span>  a<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>all\u2019inizio <span class=\"_ _9\"> </span>di  ogni<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>piano <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>riflessi <span class=\"_ _9\"> </span>nella <span class=\"_ _10\"> </span>tariff<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>dovuta <span class=\"_ _9\"> </span>dalle <span class=\"_ _10\"> </span>com<span class=\"_ _1\"></span>pagnie <span class=\"_ _10\"> </span>aer<span class=\"_ _1\"></span>ee,  e<span class=\"_ _41\"> </span>pubblica<span class=\"_ _1\"></span>ta ad inizi<span class=\"_ _1\"></span>o di ogni anno da Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol. Con la Decisione di esecuzione (UE)<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _1\"></span>4/1688 della Commissione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Eu<span class=\"_ _1\"></span>ropea, il reg<span class=\"_ _1\"></span>olat<span class=\"_ _1\"></span>ore comunita<span class=\"_ _1\"></span>rio ha<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>abilito <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>tar<span class=\"_ _1\"></span>get <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>efficienz<span class=\"_ _1\"></span>a  ec<span class=\"_ _1\"></span>onomica <span class=\"_ _10\"> </span>e  c<span class=\"_ _1\"></span>apacit\u00e0 <span class=\"_ _9\"> </span>operativ<span class=\"_ _1\"></span>a  a <span class=\"_ _10\"> </span>livel<span class=\"_ _1\"></span>lo  dell\u2019Unione<span class=\"_ _1\"></span>  per  il<span class=\"_ _1\"></span>  periodo <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _6\"></span>2025-2029 <span class=\"_ _1\"></span>(RP4<span class=\"_ _1\"></span>), <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>tutti <span class=\"_ _6\"></span>gli <span class=\"_ _1\"></span>Stati<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>europei<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ornitori <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>navig<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>aer<span class=\"_ _1\"></span>ea <span class=\"_ _9\"> </span>devono <span class=\"_ _9\"> </span>atte<span class=\"_ _1\"></span>nersi <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>decisio<span class=\"_ _1\"></span>ne <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>esecuz<span class=\"_ _1\"></span>ione <span class=\"_ _9\"> </span>(UE) <span class=\"_ _9\"> </span>n. <span class=\"_ _9\"> </span>2025/1058 <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>19 <span class=\"_ _9\"> </span>maggio <span class=\"_ _9\"> </span>2025, <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span>Commissione <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>pea ha <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>bilito <span class=\"_ _1\"></span>che gli <span class=\"_ _1\"></span>obiettivi <span class=\"_ _1\"></span>prestazi<span class=\"_ _1\"></span>onali di <span class=\"_ _1\"></span>tutte <span class=\"_ _1\"></span>le are<span class=\"_ _1\"></span>e di <span class=\"_ _1\"></span>performance inclu<span class=\"_ _1\"></span>se nel<span class=\"_ _41\"> </span>piano di <span class=\"_ _4\"></span>perf<span class=\"_ _1\"></span>ormance presen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dall\u2019It<span class=\"_ _1\"></span>alia sono <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>formi ai targ<span class=\"_ _1\"></span>et prest<span class=\"_ _1\"></span>azionali a <span class=\"_ _4\"></span>livell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dell\u2019Unione per<span class=\"_ _41\"> </span>il quarto pe<span class=\"_ _1\"></span>riodo di rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o (2025<span class=\"_ _4\"></span>-<span class=\"_ _1\"></span>2029). Con <span class=\"_ _b\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Pe<span class=\"_ _1\"></span>rform<span class=\"_ _1\"></span>ance, <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>livello <span class=\"_ _a\"></span>nazionale <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _a\"></span>apporta<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>alcune <span class=\"_ _b\"></span>modifiche <span class=\"_ _b\"></span>alle <span class=\"_ _a\"></span>zone <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>tariff<span class=\"_ _1\"></span>azione di<span class=\"_ _1\"></span> terminal<span class=\"_ _1\"></span>e, pr<span class=\"_ _1\"></span>evedendo <span class=\"_ _1\"></span>in partic<span class=\"_ _1\"></span>olare <span class=\"_ _1\"></span>la definiz<span class=\"_ _1\"></span>ione a de<span class=\"_ _1\"></span>correr<span class=\"_ _1\"></span>e dal <span class=\"_ _1\"></span>2025 di <span class=\"_ _1\"></span>due nuo<span class=\"_ _1\"></span>ve z<span class=\"_ _1\"></span>one<span class=\"_ _41\"> </span>di <span class=\"_ _10\"> </span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>assoggetta<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>alla <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>golamentazione <span class=\"_ _9\"> </span>comunita<span class=\"_ _1\"></span>ria  i<span class=\"_ _1\"></span>n  ambit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>tariff<span class=\"_ _6\"></span>e  e <span class=\"_ _9\"> </span>performance<span class=\"_ _1\"></span>,  c<span class=\"_ _1\"></span>os\u00ec<span class=\"_ _41\"> </span>compos<span class=\"_ _1\"></span>te:<span class=\"_ _41\"> </span>\u27a2<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">le <span class=\"_ _a\"></span>precedenti <span class=\"_ _a\"></span>due <span class=\"_ _b\"></span>zone<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>vigor<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>fino <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>2024, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>2025 <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>accorpat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un\u2019u<span class=\"_ _1\"></span>nica <span class=\"_ _b\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span></span></span>tariff<span class=\"_ _1\"></span>azione, la nu<span class=\"_ _1\"></span>ova z<span class=\"_ _1\"></span>ona 1;<span class=\"_ _41\"> </span>\u27a2<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">la <span class=\"_ _4\"></span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>zona <span class=\"_ _4\"></span>3, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>fino <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>2024, <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>2025 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>divent<span class=\"_ _1\"></span>ata <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>nuova <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _4\"></span>2. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>zona <span class=\"_ _4\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al<span class=\"_ _41\"> </span></span></span>2024 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ata <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ettat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>allo <span class=\"_ _4\"></span>schema <span class=\"_ _4\"></span>norma<span class=\"_ _1\"></span>tivo <span class=\"_ _4\"></span>nazional<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>balance <span class=\"_ _4\"></span>definit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>secondo una logi<span class=\"_ _1\"></span>ca di cos<span class=\"_ _1\"></span>t rec<span class=\"_ _1\"></span>overy<span class=\"_ _6\"></span>. Gli <span class=\"_ _4\"></span>obiettivi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>efficienz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>decli<span class=\"_ _1\"></span>nati <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>Piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>perfor<span class=\"_ _1\"></span>mance <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>intr<span class=\"_ _1\"></span>odotti <span class=\"_ _4\"></span>elemen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>carico<span class=\"_ _41\"> </span>dei <span class=\"_ _a\"></span>prov<span class=\"_ _1\"></span>ider<span class=\"_ _6\"></span>, <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>quindi <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo, <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>sui <span class=\"_ _a\"></span>costi<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>In <span class=\"_ _b\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>meccanismo <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>rischio tr<span class=\"_ _1\"></span>affic<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>la c<span class=\"_ _1\"></span>ondivisione de<span class=\"_ _1\"></span>l rischio <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o tr<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>provider <span class=\"_ _1\"></span>ed ut<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>dello <span class=\"_ _1\"></span>spazio aer<span class=\"_ _1\"></span>eo<span class=\"_ _1\"></span>, per<span class=\"_ _41\"> </span>cui le v<span class=\"_ _1\"></span>ariazioni, positive e neg<span class=\"_ _1\"></span>ative, c<span class=\"_ _1\"></span>omprese fino al 2% del tr<span class=\"_ _1\"></span>affico di c<span class=\"_ _1\"></span>onsuntiv<span class=\"_ _1\"></span>o, rispett<span class=\"_ _1\"></span>o al pianifica<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>sono <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>totale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>provider<span class=\"_ _2\"></span>, <span class=\"_ _5\"></span>mentre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>varia<span class=\"_ _1\"></span>zioni <span class=\"_ _5\"></span>ricomprese <span class=\"_ _4\"></span>tra <span class=\"_ _a\"></span>il <span class=\"_ _4\"></span>2% <span class=\"_ _a\"></span>e <span class=\"_ _4\"></span>il <span class=\"_ _a\"></span>10% <span class=\"_ _4\"></span>sono <span class=\"_ _a\"></span>ripartit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>nella<span class=\"_ _41\"> </span>misura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> 70<span class=\"_ _4\"></span>%<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a ca<span class=\"_ _1\"></span>rico delle compagnie<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>ree e del 30% a carico dei pr<span class=\"_ _1\"></span>ovider<span class=\"_ _2\"></span>. Per le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazioni superiori<span class=\"_ _41\"> </span>al <span class=\"_ _9\"> </span>10% <span class=\"_ _9\"> </span>si <span class=\"_ _9\"> </span>applica <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>met<span class=\"_ _1\"></span>odologia <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>cost <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>ecovery<span class=\"_ _6\"></span>. <span class=\"_ _9\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eventua<span class=\"_ _1\"></span>le <span class=\"_ _9\"> </span>scost<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>o <span class=\"_ _9\"> </span>negativo <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>rischio <span class=\"_ _b\"></span>traffi<span class=\"_ _1\"></span>co <span class=\"_ _b\"></span>gener<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nell\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _b\"> </span>emerge, <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>condo <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>gole <span class=\"_ _b\"></span>precedent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>descritte, <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>adeguamento<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>ric<span class=\"_ _1\"></span>avi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>otta <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>terminale <span class=\"_ _6\"></span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>zzando <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _1\"></span>Balanc<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>anno. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _6\"></span>balance<span class=\"_ _41\"> </span>vengono<span class=\"_ _1\"></span> poi <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>ati/r<span class=\"_ _1\"></span>estituiti <span class=\"_ _1\"></span>attr<span class=\"_ _1\"></span>ave<span class=\"_ _1\"></span>rso<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nei due<span class=\"_ _1\"></span> anni<span class=\"_ _1\"></span> successiv<span class=\"_ _1\"></span>i e <span class=\"_ _1\"></span>imput<span class=\"_ _1\"></span>ati a<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>con segno in<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>so, <span class=\"_ _1\"></span>rispetto al<span class=\"_ _1\"></span>l\u2019iscrizione iniziale, nell<span class=\"_ _1\"></span>a voce uti<span class=\"_ _4\"></span>lizz<span class=\"_ _1\"></span>o balance <span class=\"_ _1\"></span>n-<span class=\"lsc\">2.<span class=\"_ _41\"> </span></span>Re<span class=\"_ _1\"></span>lativamen<span class=\"_ _1\"></span>te a<span class=\"_ _1\"></span>l rischio cos<span class=\"_ _1\"></span>ti, le <span class=\"_ _1\"></span>variazioni <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>pianifica<span class=\"_ _1\"></span>to e <span class=\"_ _1\"></span>quanto c<span class=\"_ _1\"></span>onsuntiv<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o a fine a<span class=\"_ _1\"></span>nno, sia<span class=\"_ _1\"></span> in<span class=\"_ _41\"> </span>positivo <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>res<span class=\"_ _1\"></span>tano <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>carico <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>provider<span class=\"_ _11\"></span>. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>regolamen<span class=\"_ _1\"></span>tazione <span class=\"_ _4\"></span>comunita<span class=\"_ _1\"></span>ria <span class=\"_ _5\"></span>si<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> ai servizi core<span class=\"_ _1\"></span> bus<span class=\"_ _4\"></span>iness <span class=\"_ _1\"></span>della Capogruppo sia di r<span class=\"_ _1\"></span>otta<span class=\"_ _1\"></span> che di terminale.<span class=\"_ _41\"> </span>La r<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>azione c<span class=\"_ _1\"></span>omunita<span class=\"_ _1\"></span>ria pre<span class=\"_ _1\"></span>vede inoltr<span class=\"_ _1\"></span>e bon<span class=\"_ _1\"></span>us e penal<span class=\"_ _1\"></span>ties leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e alla pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azione dei <span class=\"_ _1\"></span>servizi che<span class=\"_ _41\"> </span>vengono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>misura<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>onsuntivo <span class=\"_ _12\"> </span>rispetto <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _c\"> </span>dat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>pianifi<span class=\"_ _1\"></span>cato <span class=\"_ _12\"> </span>nel <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>P<span class=\"_ _1\"></span>erf<span class=\"_ _1\"></span>ormance <span class=\"_ _c\"> </span>ed<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>iscritti<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio di <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>voce Ba<span class=\"_ _1\"></span>lance dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>anno, e<span class=\"_ _1\"></span> seguono <span class=\"_ _1\"></span>lo s<span class=\"_ _1\"></span>tesso <span class=\"_ _1\"></span>iter <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>tituzione/recuper<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dalle c<span class=\"_ _1\"></span>ompagnie aeree<span class=\"_ _1\"></span> del balance per rischio tr<span class=\"_ _1\"></span>affico<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Nel <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _9\"> </span>2020-2021 <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>della <span class=\"_ _9\"> </span>pandemia <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>C<span class=\"_ _1\"></span>OVID-19 <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _b\"></span>connessi <span class=\"_ _b\"></span>riflessi <span class=\"_ _9\"> </span>nel <span class=\"_ _b\"></span>settore <span class=\"_ _b\"></span>del<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>sporto <span class=\"_ _9\"> </span>ae<span class=\"_ _1\"></span>reo<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>Com<span class=\"_ _1\"></span>missione <span class=\"_ _9\"> </span>Eur<span class=\"_ _1\"></span>opea <span class=\"_ _b\"></span>ha <span class=\"_ _9\"> </span>adotta<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>R<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>U<span class=\"_ _1\"></span>E <span class=\"_ _9\"> </span>2020/1627 <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>3<span class=\"_ _41\"> </span>novembr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>2020, <span class=\"_ _b\"></span>alcune <span class=\"_ _b\"></span>misur<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>eccezionali <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>periodo <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _b\"></span>(anni<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2<span class=\"_ _1\"></span>020 <span class=\"_ _9\"> </span>\u2013 <span class=\"_ _a\"></span>2024) <span class=\"_ _b\"></span>del<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pres<span class=\"_ _1\"></span>tazioni <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>Cielo <span class=\"_ _5\"></span>Unico<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>Europeo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>intr<span class=\"_ _1\"></span>oducendo <span class=\"_ _4\"></span>alcune <span class=\"_ _5\"></span>norme <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>hanno<span class=\"_ _41\"> </span>derog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Re<span class=\"_ _1\"></span>golament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>UE <span class=\"_ _4\"></span>2019/317 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>tal<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>periodo. <span class=\"_ _4\"></span>Successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>Commissione<span class=\"_ _41\"> </span>Europea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>emesso <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Deci<span class=\"_ _1\"></span>sione <span class=\"_ _4\"></span>2021/891 <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui ha <span class=\"_ _4\"></span>fissato <span class=\"_ _4\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>obiettivi <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>zionali <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>periodo<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>golatorio <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>identific<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>come <span class=\"_ _a\"></span>paramet<span class=\"_ _1\"></span>ro <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>l\u2019indicat<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _a\"></span>Determined <span class=\"_ _a\"></span>Unit<span class=\"_ _41\"> </span>Cost <span class=\"_ _1\"></span>(DUC) <span class=\"_ _1\"></span>definito <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>pporto f<span class=\"_ _1\"></span>ra <span class=\"_ _1\"></span>costi <span class=\"_ _1\"></span>deter<span class=\"_ _1\"></span>minati <span class=\"_ _1\"></span>e il <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o e<span class=\"_ _1\"></span>spresso <span class=\"_ _1\"></span>in te<span class=\"_ _1\"></span>rmini di <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>servizio.<span class=\"_ _41\"> </span>I balance <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eriti alla <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>dita di <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>nel biennio 2020-2021, <span class=\"_ _4\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ati ripartiti <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>via eccezionale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>periodo di cinque<span class=\"_ _1\"></span> anni estendi<span class=\"_ _1\"></span>bile a sette anni, c<span class=\"_ _1\"></span>on decorr<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a dal 2023. Le  comp<span class=\"_ _1\"></span>onenti  di <span class=\"_ _10\"> </span>credit<span class=\"_ _1\"></span>o  e <span class=\"_ _10\"> </span>debito <span class=\"_ _10\"> </span>per  balance,<span class=\"_ _1\"></span>  sia  di  na<span class=\"_ _1\"></span>tura <span class=\"_ _10\"> </span>corr<span class=\"_ _1\"></span>ente <span class=\"_ _10\"> </span>che  no<span class=\"_ _1\"></span>n  corre<span class=\"_ _1\"></span>nte,  ri<span class=\"_ _1\"></span>sultano<span class=\"_ _41\"> </span>classific<span class=\"_ _1\"></span>ate nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>voce<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _4\"></span>da attivit\u00e0 re<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>olamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti e <span class=\"_ _4\"></span>non corr<span class=\"_ _1\"></span>enti e <span class=\"_ _4\"></span>nei debiti <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 regol<span class=\"_ _1\"></span>amenta<span class=\"_ _1\"></span>ta corr<span class=\"_ _1\"></span>enti e non co<span class=\"_ _1\"></span>rrenti<span class=\"lse\">. </span>La <span class=\"_ _a\"></span>voce <span class=\"_ _5\"></span>Balance <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _2\"></span>anno, <span class=\"_ _5\"></span>sia <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>rminale <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>ai <span class=\"_ _5\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>rott<span class=\"_ _1\"></span>a, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>iscritta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in<span class=\"_ _41\"> </span>bilancio <span class=\"_ _b\"></span>nel <span class=\"_ _9\"> </span>momen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>cui <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _9\"> </span>ha <span class=\"_ _b\"></span>soddis<span class=\"_ _1\"></span>fa<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _9\"> </span>obbl<span class=\"_ _1\"></span>iga<span class=\"_ _1\"></span>tion <span class=\"_ _9\"> </span>pattui<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>il<span class=\"_ _41\"> </span>clien<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>ha <span class=\"_ _a\"></span>quindi <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>diritto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>incondizi<span class=\"_ _1\"></span>onato <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ricever<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>(e <span class=\"_ _a\"></span>quindi <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>credito <span class=\"_ _4\"></span>se<span class=\"_ _41\"> </span>positivo), o un<span class=\"_ _1\"></span> obbligo a ret<span class=\"_ _1\"></span>roceder<span class=\"_ _1\"></span>e una parte del c<span class=\"_ _1\"></span>orrispettivo (e<span class=\"_ _1\"></span> quindi il re<span class=\"_ _1\"></span>lativo debit<span class=\"_ _1\"></span>o se nega<span class=\"_ _1\"></span>tivo) la<span class=\"_ _41\"> </span>cui <span class=\"_ _5\"></span>unica <span class=\"_ _5\"></span>variabil<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>dett<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>trasc<span class=\"_ _1\"></span>orrer<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>mpo, <span class=\"_ _5\"></span>cos\u00ec <span class=\"_ _4\"></span>come <span class=\"_ _5\"></span>stabil<span class=\"_ _1\"></span>ito <span class=\"_ _5\"></span>dagli <span class=\"_ _a\"></span>specifici <span class=\"_ _5\"></span>meccanismi <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>ambito t<span class=\"_ _1\"></span>ariffa<span class=\"_ _1\"></span>rio. La <span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>Balance <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _6\"></span>sar\u00e0 <span class=\"_ _6\"></span>imputat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>prima <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>due <span class=\"_ _6\"></span>esercizi <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>mentre<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio<span class=\"_ _41\"> </span>in <span class=\"_ _7\"> </span>chiusur<span class=\"_ _1\"></span>a, <span class=\"_ _7\"> </span>viene  riversa<span class=\"_ _1\"></span>to  a <span class=\"_ _7\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>economico  il <span class=\"_ _7\"> </span>cre<span class=\"_ _1\"></span>dito/debito  per <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>regol<span class=\"_ _1\"></span>amenta<span class=\"_ _1\"></span>ta  rilevati<span class=\"_ _41\"> </span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so la voce U<span class=\"_ _1\"></span>tilizzo B<span class=\"_ _1\"></span>alance ed incluso nell<span class=\"_ _1\"></span>a tariff<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>anno.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>enut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>conto <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>balance <span class=\"_ _5\"></span>attivi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>passivi <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>diff<span class=\"_ _1\"></span>erito <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>tempo <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>avviene <span class=\"_ _4\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>piani <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cupero definiti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>tariff<span class=\"_ _1\"></span>ario<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>acc<span class=\"_ _1\"></span>ordo <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>principio <span class=\"_ _4\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _4\"></span>15, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Capogruppo procede<span class=\"_ _41\"> </span>alla misura<span class=\"_ _1\"></span>zione di detti ricavi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>enendo conto dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>tto finanziario, c<span class=\"_ _1\"></span>on rilevazione inizia<span class=\"_ _1\"></span>le al <span class=\"_ _4\"></span>lor<span class=\"_ _1\"></span>o valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>attuale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>successiva <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>proven<span class=\"_ _1\"></span>ti/oneri <span class=\"_ _b\"></span>finanziari <span class=\"_ _b\"></span>matur<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>fino <span class=\"_ _9\"> </span>alla<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>imputazione <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span>tariff<span class=\"_ _1\"></span>a. Se <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>piani <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>vengono <span class=\"_ _5\"></span>modificati, <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _4\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>ttificar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>relativo <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>credit<span class=\"_ _1\"></span>o/debito <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>regolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>fine <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rifletter<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>stimati<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettivi e <span class=\"_ _1\"></span>ridetermina<span class=\"_ _1\"></span>ti. Si <span class=\"_ _1\"></span>procede<span class=\"_ _1\"></span>, quindi, al <span class=\"_ _1\"></span>ricalcolo <span class=\"_ _1\"></span>del val<span class=\"_ _1\"></span>ore c<span class=\"_ _1\"></span>ontabile<span class=\"_ _1\"></span> determi<span class=\"_ _1\"></span>nando il va<span class=\"_ _1\"></span>lore a<span class=\"_ _1\"></span>ttuale<span class=\"_ _41\"> </span>dei <span class=\"_ _9\"> </span>fl<span class=\"_ _1\"></span>uss<span class=\"_ _4\"></span>i <span class=\"_ _b\"></span>finanziari <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>uturi <span class=\"_ _9\"> </span>ridet<span class=\"_ _1\"></span>erminati <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>pplicando <span class=\"_ _b\"></span>il <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>asso <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse <span class=\"_ _9\"> </span>origina<span class=\"_ _1\"></span>rio; <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>a, <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>rettific<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>debito/cr<span class=\"_ _1\"></span>edito<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>regolamenta<span class=\"_ _1\"></span>ta, <span class=\"_ _a\"></span>viene <span class=\"_ _a\"></span>rilev<span class=\"_ _1\"></span>ata <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>tra<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>le  compo<span class=\"_ _1\"></span>nenti  di  natura<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>finanziaria.<span class=\"_ _1\"></span>  L<span class=\"_ _4\"></span>a  modific<span class=\"_ _1\"></span>a  nei <span class=\"_ _7\"> </span>piani  di  re<span class=\"_ _1\"></span>cupero  del  Balance,<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>ttandosi <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>un<span class=\"_ _4\"></span>a <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>visione <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>time <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>ottenimen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>nuove <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>ult<span class=\"_ _1\"></span>eriori <span class=\"_ _b\"></span>informazi<span class=\"_ _1\"></span>oni, <span class=\"_ _9\"> </span>non<span class=\"_ _41\"> </span>comport<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>ridet<span class=\"_ _1\"></span>erminazione dei <span class=\"_ _4\"></span>saldi <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativi ai <span class=\"_ _4\"></span>bilanci <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedenti <span class=\"_ _4\"></span>ma un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>applicazione prospettic<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>modifiche.<span class=\"_ _41\"> </span>Il <span class=\"_ _12\"> </span>Balance <span class=\"_ _7\"> </span>include <span class=\"_ _12\"> </span>anche <span class=\"_ _12\"> </span>una <span class=\"_ _12\"> </span>compo<span class=\"_ _1\"></span>nente <span class=\"_ _12\"> </span>finanziar<span class=\"_ _1\"></span>ia <span class=\"_ _12\"> </span>significa<span class=\"_ _1\"></span>tiva, <span class=\"_ _12\"> </span>a<span class=\"_ _1\"></span>vente<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>orizz<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>tempor<span class=\"_ _1\"></span>ale<span class=\"_ _41\"> </span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>12 <span class=\"_ _a\"></span>mesi. <span class=\"_ _5\"></span>Per <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _a\"></span>ragi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>ettifica <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>prezz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>operazione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ore te<span class=\"_ _1\"></span>mporale del denar<span class=\"_ _1\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "Contributi<span class=\"_ _1\"></span><span class=\"ffd\"> </span>I <span class=\"_ _5\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>esercizio <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>on<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>compet<span class=\"_ _1\"></span>enza <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>sorto <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>ragio<span class=\"_ _1\"></span>nevole certezz<span class=\"_ _1\"></span>a il diritt<span class=\"_ _1\"></span>o a percepirl<span class=\"_ _1\"></span>i, indipendent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e dalla dat<span class=\"_ _1\"></span>a di incasso.  <span class=\"ff3\"> </span>I <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontributi pubblici <span class=\"_ _4\"></span>in cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>impianti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>una<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>deliber<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormale <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttribuzione da parte <span class=\"_ _9\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>rog<span class=\"_ _1\"></span>ante <span class=\"_ _9\"> </span>e <span class=\"_ _b\"> </span>s<span class=\"_ _4\"></span>olo <span class=\"_ _b\"></span>se <span class=\"_ _9\"> </span>vi <span class=\"_ _9\"> </span>\u00e8, <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>base <span class=\"_ _b\"> </span>alle <span class=\"_ _9\"> </span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _9\"> </span>disponibi<span class=\"_ _1\"></span>li <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>chiusu<span class=\"_ _1\"></span>ra dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio,  la <span class=\"_ _7\"> </span>ra<span class=\"_ _1\"></span>gionevole  certezz<span class=\"_ _1\"></span>a  che<span class=\"_ _4\"></span>  il <span class=\"_ _7\"> </span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _7\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>agevola<span class=\"_ _1\"></span>zione  venga  eff<span class=\"_ _1\"></span>ettivamen<span class=\"_ _1\"></span>te re<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tessi <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>anno <span class=\"_ _1\"></span>ricevuti<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>I <span class=\"_ _1\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pubblici <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>im<span class=\"_ _1\"></span>pianti <span class=\"_ _1\"></span>vengo<span class=\"_ _1\"></span>no <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti in <span class=\"_ _7\"> </span>un\u2019<span class=\"_ _6\"></span>apposita<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>voce <span class=\"_ _7\"> </span>del <span class=\"_ _7\"> </span>passivo<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>corr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>e <span class=\"_ _7\"> </span>non <span class=\"_ _12\"> </span>co<span class=\"_ _1\"></span>rren<span class=\"_ _1\"></span>te, <span class=\"_ _7\"> </span>a <span class=\"_ _12\"> </span>seco<span class=\"_ _1\"></span>nda <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>previs<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>te<span class=\"_ _4\"></span>mpis<span class=\"_ _1\"></span>tiche <span class=\"_ _12\"> </span>di river<span class=\"_ _1\"></span>samento<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>ed <span class=\"_ _12\"> </span>imput<span class=\"_ _1\"></span>ati <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>economico <span class=\"_ _7\"> </span>come <span class=\"_ _12\"> </span>pr<span class=\"_ _1\"></span>ovent<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>quote <span class=\"_ _12\"> </span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _12\"> </span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>con rif<span class=\"_ _1\"></span>erimento alla <span class=\"_ _4\"></span>vit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>utile <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>bene <span class=\"_ _4\"></span>cui il <span class=\"_ _4\"></span>contrib<span class=\"_ _1\"></span>uto <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>irett<span class=\"_ _1\"></span>amente riferibil<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>gar<span class=\"_ _1\"></span>ant<span class=\"_ _1\"></span>endo <span class=\"_ _4\"></span>in questo modo una corr<span class=\"_ _1\"></span>elazione con gli<span class=\"_ _1\"></span> ammorta<span class=\"_ _1\"></span>menti rela<span class=\"_ _1\"></span>tivi ai medesimi beni.<span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "Dividendi<span class=\"ffd\"> </span>I <span class=\"_ _a\"></span>dividendi <span class=\"_ _a\"></span>ricevuti <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _a\"></span>parte<span class=\"_ _1\"></span>cipate <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>consolida<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>egrale <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>ricono<span class=\"_ _1\"></span>sciuti <span class=\"_ _b\"></span>a cont<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _9\"> </span>nel <span class=\"_ _b\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ui <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tabili<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>il <span class=\"_ _b\"></span>diritto <span class=\"_ _9\"> </span>inc<span class=\"_ _1\"></span>ondizionat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>degli <span class=\"_ _b\"></span>Azionisti <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>riceverne<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>il pag<span class=\"_ _1\"></span>amento che n<span class=\"_ _1\"></span>ormalmente<span class=\"_ _1\"></span> corrisponde con la<span class=\"_ _1\"></span> delibera assem<span class=\"_ _1\"></span>bleare di di<span class=\"_ _1\"></span>stribuzione dei<span class=\"_ _1\"></span> dividendi. <span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "Costi<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>iscri<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>quando riguardano beni <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>servizi venduti <span class=\"_ _4\"></span>o consumati nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ripa<span class=\"_ _1\"></span>rtizione<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>ematica ovve<span class=\"_ _1\"></span>ro quando<span class=\"_ _1\"></span> non si possa ide<span class=\"_ _1\"></span>ntificar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _1\"></span>utilit\u00e0 futur<span class=\"_ _1\"></span>a degli st<span class=\"_ _1\"></span>essi.<span class=\"_ _41\"> </span>I <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>iscritti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>economico <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>tualmente<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>decre<span class=\"_ _1\"></span>mento <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>benefici<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>economici<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>associ<span class=\"_ _1\"></span>ati<span class=\"_ _41\"> </span>alla <span class=\"_ _6\"></span>riduzione <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>un\u2019<span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>qualora<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tale <span class=\"_ _6\"></span>decre<span class=\"_ _1\"></span>mento <span class=\"_ _6\"></span>possa <span class=\"_ _1\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>det<span class=\"_ _1\"></span>erminato<span class=\"_ _41\"> </span>e misura<span class=\"_ _1\"></span>to in modo a<span class=\"_ _1\"></span>ttendibil<span class=\"_ _1\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "Proven<span class=\"_ _1\"></span>ti e oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _41\"> </span><span class=\"ffd\"> </span>I <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oventi e <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>oneri finanziari <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati per <span class=\"_ _4\"></span>compet<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _4\"></span>matu<span class=\"_ _1\"></span>rati sul <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> netto <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>elative <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _9\"> </span>finanzi<span class=\"_ _1\"></span>arie, <span class=\"_ _9\"> </span>util<span class=\"_ _1\"></span>izzando <span class=\"_ _b\"></span>il <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e, <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>ddove<span class=\"_ _41\"> </span> prev<span class=\"_ _1\"></span>isto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Il <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>esatt<span class=\"_ _1\"></span>amente <span class=\"_ _5\"></span>i<span class=\"_ _41\"> </span> pag<span class=\"_ _1\"></span>amenti <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>incassi <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>lungo <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esa <span class=\"_ _5\"></span>dello <span class=\"_ _4\"></span>strument<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanziario, <span class=\"_ _4\"></span>od <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>opportuno <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span> periodo <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>bre<span class=\"_ _1\"></span>ve, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>abile <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _5\"></span>attivi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rilevati<span class=\"_ _41\"> </span> nella misura <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui \u00e8 <span class=\"_ _4\"></span>pro<span class=\"_ _1\"></span>babile <span class=\"_ _4\"></span>che i <span class=\"_ _4\"></span>benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>affluir<span class=\"_ _1\"></span>anno <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>loro ammontar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>possa<span class=\"_ _41\"> </span> esser<span class=\"_ _1\"></span>e attendibil<span class=\"_ _1\"></span>mente v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "Proven<span class=\"_ _1\"></span>ti e oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oventi e <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>oneri finanziari <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati per <span class=\"_ _4\"></span>compet<span class=\"_ _1\"></span>enza<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _4\"></span>matu<span class=\"_ _1\"></span>rati sul <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>netto <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>elative <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _9\"> </span>finanzi<span class=\"_ _1\"></span>arie, <span class=\"_ _9\"> </span>util<span class=\"_ _1\"></span>izzando <span class=\"_ _b\"></span>il <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e, <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span>ddove<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>isto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>eress<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>leg<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>. <span class=\"_ _a\"></span>Il <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>effe<span class=\"_ _1\"></span>ttivo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>esatt<span class=\"_ _1\"></span>amente <span class=\"_ _5\"></span>i<span class=\"_ _41\"> </span>pag<span class=\"_ _1\"></span>amenti <span class=\"_ _4\"></span>o <span class=\"_ _5\"></span>incassi <span class=\"_ _4\"></span>futuri <span class=\"_ _4\"></span>stima<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>lungo <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>att<span class=\"_ _1\"></span>esa <span class=\"_ _5\"></span>dello <span class=\"_ _4\"></span>strument<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanziario, <span class=\"_ _4\"></span>od <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>opportuno <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>periodo <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>bre<span class=\"_ _1\"></span>ve, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>abile <span class=\"_ _5\"></span>netto <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>passivit\u00e0. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _5\"></span>attivi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>sono <span class=\"_ _4\"></span>rilevati<span class=\"_ _41\"> </span>nella misura <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui \u00e8 <span class=\"_ _4\"></span>pro<span class=\"_ _1\"></span>babile <span class=\"_ _4\"></span>che i <span class=\"_ _4\"></span>benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>affluir<span class=\"_ _1\"></span>anno <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>loro ammontar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>possa<span class=\"_ _41\"> </span>esser<span class=\"_ _1\"></span>e attendibil<span class=\"_ _1\"></span>mente v<span class=\"_ _1\"></span>alutat<span class=\"_ _1\"></span>o. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "Impost<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>red<span class=\"_ _1\"></span>dito <span class=\"_ _a\"></span>(IRES <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>IRAP) <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>migliore <span class=\"_ _a\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>reddito<span class=\"_ _41\"> </span>imponibile <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>e vi<span class=\"_ _1\"></span>gente <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>aesi <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>esercit<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>la <span class=\"_ _1\"></span>sua <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>applicando <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>aliquote <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>enti. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>debito <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ato pa<span class=\"_ _1\"></span>trimoniale al nett<span class=\"_ _1\"></span>o di eventual<span class=\"_ _1\"></span>i acconti di i<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>a paga<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sul re<span class=\"_ _1\"></span>ddito diffe<span class=\"_ _1\"></span>rite e anticipa<span class=\"_ _1\"></span>te sono <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcola<span class=\"_ _1\"></span>te a front<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>tutt<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e tempor<span class=\"_ _1\"></span>anee che<span class=\"_ _41\"> </span>emer<span class=\"_ _1\"></span>gono <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alori <span class=\"_ _b\"> </span>patrimoniali <span class=\"_ _b\"></span>iscritti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>bilancio <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>i <span class=\"_ _b\"></span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>valori <span class=\"_ _b\"></span>ai <span class=\"_ _b\"> </span>fini <span class=\"_ _9\"> </span>fisc<span class=\"_ _1\"></span>ali, <span class=\"_ _b\"> </span>applicando<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>aliquot<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fiscale <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>vigore <span class=\"_ _6\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>temporane<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>ser\u00e0<span class=\"_ _1\"></span>, d<span class=\"_ _1\"></span>etermina<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>delle<span class=\"_ _41\"> </span>aliquot<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>fiscali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _4\"></span>provvedimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>vigenti <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tanzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimen<span class=\"_ _1\"></span>to. <span class=\"_ _4\"></span>Le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 per <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>e per <span class=\"_ _1\"></span>tutte <span class=\"_ _1\"></span>le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze <span class=\"_ _1\"></span>tempora<span class=\"_ _1\"></span>nee de<span class=\"_ _1\"></span>duc<span class=\"_ _4\"></span>ibil<span class=\"_ _1\"></span>i in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi futuri <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>solo quando il lor<span class=\"_ _1\"></span>o recuper<span class=\"_ _1\"></span>o \u00e8 pr<span class=\"_ _1\"></span>obabile, ovver<span class=\"_ _1\"></span>o se si pr<span class=\"_ _1\"></span>evede che ve<span class=\"_ _1\"></span>rranno r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati in futuro im<span class=\"_ _1\"></span>ponibili<span class=\"_ _41\"> </span>fiscali<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sufficienti  a  r<span class=\"_ _1\"></span>ecupera<span class=\"_ _1\"></span>re  l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0.  L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>  passivit\u00e0  per  impos<span class=\"_ _1\"></span>te  diffe<span class=\"_ _1\"></span>rite  sono  rileva<span class=\"_ _1\"></span>te  per  tutte  le<span class=\"_ _41\"> </span>di<span class=\"ls0\">ff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze <span class=\"_ _6\"></span>tempora<span class=\"_ _1\"></span>nee <span class=\"_ _1\"></span>imponibili<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _6\"></span>futuri <span class=\"_ _1\"></span>salvo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>deriva <span class=\"_ _6\"></span>dalla: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>inizia<span class=\"_ _1\"></span>le<span class=\"_ _41\"> </span></span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento; <span class=\"_ _12\"> </span>ii) <span class=\"_ _c\"> </span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>iniziale <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _12\"> </span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>una <span class=\"_ _c\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>un\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>che <span class=\"_ _12\"> </span>non<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _6\"></span>aggr<span class=\"_ _1\"></span>egazione <span class=\"_ _7\"> </span>aziendale <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>ch<span class=\"_ _4\"></span>e <span class=\"_ _7\"> </span>al <span class=\"_ _12\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dell\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _7\"> </span>non <span class=\"_ _12\"> </span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _7\"> </span>n\u00e9 <span class=\"_ _12\"> </span>l\u2019utile<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abile n\u00e9 il r<span class=\"_ _1\"></span>eddito imponibil<span class=\"_ _1\"></span>e (perdit<span class=\"_ _1\"></span>a fiscale)<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti, le attivi<span class=\"_ _1\"></span>t\u00e0 per imposte anticipa<span class=\"_ _1\"></span>te e le passivit\u00e0 per impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>e s<span class=\"_ _4\"></span>ono imput<span class=\"_ _1\"></span>ate a<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ecc<span class=\"_ _1\"></span>ezione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>voci <span class=\"_ _4\"></span>dir<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>addebit<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accre<span class=\"_ _1\"></span>ditat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>complessi<span class=\"_ _1\"></span>vo ovv<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>a e<span class=\"_ _1\"></span>lementi de<span class=\"_ _1\"></span>l patri<span class=\"_ _1\"></span>monio n<span class=\"_ _1\"></span>etto. I<span class=\"_ _1\"></span>n t<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>asi l\u2019<span class=\"_ _2\"></span>effett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>fiscale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>imput<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>componenti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _a\"></span>complessivo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ovvero <span class=\"_ _a\"></span>nel<span class=\"_ _41\"> </span>patrimonio <span class=\"_ _1\"></span>netto. Le <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>anticipa<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>imposte<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>differit<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>medesima <span class=\"_ _5\"></span>autorit\u00e0<span class=\"_ _41\"> </span>fiscale<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>compensat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>se <span class=\"_ _9\"> </span>esis<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>un <span class=\"_ _9\"> </span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>leg<span class=\"_ _1\"></span>alment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>eser<span class=\"_ _1\"></span>citabile <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ompensare <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>importi <span class=\"_ _9\"> </span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fisca<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fiscali <span class=\"_ _6\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>genere<span class=\"_ _1\"></span>ranno <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>sament<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>anti<span class=\"_ _1\"></span>cipate e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifi<span class=\"_ _1\"></span>cate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te tra<span class=\"_ _41\"> </span>le attivi<span class=\"_ _1\"></span>t\u00e0 e le passivit<span class=\"_ _1\"></span>\u00e0 non c<span class=\"_ _1\"></span>orrenti e c<span class=\"_ _1\"></span>ompensate<span class=\"_ _1\"></span> laddove possibil<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Le impost<span class=\"_ _1\"></span>e e tasse non corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te al reddit<span class=\"_ _1\"></span>o sono<span class=\"_ _4\"></span> inclu<span class=\"_ _1\"></span>se nella voce<span class=\"_ _1\"></span> di conto ec<span class=\"_ _1\"></span>ono<span class=\"_ _4\"></span>mic<span class=\"_ _1\"></span>o definita altri<span class=\"_ _1\"></span> costi<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>applicat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>esenzione <span class=\"_ _4\"></span>obblig<span class=\"_ _1\"></span>atoria <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>informa<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>pass<span class=\"_ _4\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _4\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _4\"></span>dalla <span class=\"_ _4\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>Global <span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>-Base <span class=\"_ _4\"></span>Er<span class=\"_ _1\"></span>osion <span class=\"_ _4\"></span>rules <span class=\"_ _4\"></span>(\"GloBE <span class=\"_ _4\"></span>Rule<span class=\"_ _1\"></span>s\u201d).<span class=\"_ _41\"> </span>Ult<span class=\"_ _1\"></span>eriormente, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _7\"> </span>ha <span class=\"_ _12\"> </span>rivist<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>truttur<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>societa<span class=\"_ _1\"></span>ria <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>luce <span class=\"_ _12\"> </span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _12\"> </span>della<span class=\"_ _41\"> </span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _5\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>legislazioni. <span class=\"_ _4\"></span>Essendo <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>iquota <span class=\"_ _4\"></span>fiscale <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>ettiva <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _4\"></span>superiore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al<span class=\"_ _41\"> </span>15% <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>utte <span class=\"_ _4\"></span>le giurisdizioni <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>pera, <span class=\"_ _4\"></span>il Gruppo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>ricader<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di <span class=\"_ _b\"></span>applicazione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>Pill<span class=\"_ _1\"></span>ar <span class=\"_ _9\"> </span>T<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>il <span class=\"_ _b\"></span>calc<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>c.d. <span class=\"_ _b\"></span>\u201c<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>op-Up <span class=\"_ _b\"></span>tax\u201d<span class=\"_ _6\"></span>. <span class=\"_ _b\"></span>Conseguent<span class=\"_ _1\"></span>emente <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span>bilancio consolida<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del Gruppo non include <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormazioni richiest<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dai para<span class=\"_ _1\"></span>grafi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>88A-88D <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>IAS 12,<span class=\"_ _41\"> </span>intr<span class=\"_ _1\"></span>odotti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>seguito <span class=\"_ _5\"></span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>parte <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _1\"></span>OCSE <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>citat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ristruttura<span class=\"_ _1\"></span>zione <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>regole <span class=\"_ _a\"></span>fisca<span class=\"_ _1\"></span>li<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> int<span class=\"_ _1\"></span>ernazionali per le impr<span class=\"_ _1\"></span>ese multinazionali.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "Impost<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>red<span class=\"_ _1\"></span>dito <span class=\"_ _a\"></span>(IRES <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>IRAP) <span class=\"_ _a\"></span>sono <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>lcolat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>migliore <span class=\"_ _a\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>reddito<span class=\"_ _41\"> </span>imponibile <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tiva <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>e vi<span class=\"_ _1\"></span>gente <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>aesi <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>quali <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>esercit<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>la <span class=\"_ _1\"></span>sua <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _1\"></span>applicando <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>aliquote <span class=\"_ _1\"></span>fiscali <span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>enti. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>debito <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>nell<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ato pa<span class=\"_ _1\"></span>trimoniale al nett<span class=\"_ _1\"></span>o di eventual<span class=\"_ _1\"></span>i acconti di i<span class=\"_ _1\"></span>mpost<span class=\"_ _1\"></span>a paga<span class=\"_ _1\"></span>ti.<span class=\"_ _41\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sul re<span class=\"_ _1\"></span>ddito diffe<span class=\"_ _1\"></span>rite e anticipa<span class=\"_ _1\"></span>te sono <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>alcola<span class=\"_ _1\"></span>te a front<span class=\"_ _1\"></span>e di <span class=\"_ _4\"></span>tutt<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e tempor<span class=\"_ _1\"></span>anee che<span class=\"_ _41\"> </span>emer<span class=\"_ _1\"></span>gono <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alori <span class=\"_ _b\"> </span>patrimoniali <span class=\"_ _b\"></span>iscritti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>bilancio <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>i <span class=\"_ _b\"></span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>valori <span class=\"_ _b\"></span>ai <span class=\"_ _b\"> </span>fini <span class=\"_ _9\"> </span>fisc<span class=\"_ _1\"></span>ali, <span class=\"_ _b\"> </span>applicando<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>aliquot<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>fiscale <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>vigore <span class=\"_ _6\"></span>alla <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>temporane<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>ser\u00e0<span class=\"_ _1\"></span>, d<span class=\"_ _1\"></span>etermina<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>sulla <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>delle<span class=\"_ _41\"> </span>aliquot<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>fiscali <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>da <span class=\"_ _4\"></span>provvedimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>vigenti <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tanzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>vigore <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>riferimen<span class=\"_ _1\"></span>to. <span class=\"_ _4\"></span>Le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 per <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e an<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>e per <span class=\"_ _1\"></span>tutte <span class=\"_ _1\"></span>le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze <span class=\"_ _1\"></span>tempora<span class=\"_ _1\"></span>nee de<span class=\"_ _1\"></span>duc<span class=\"_ _4\"></span>ibil<span class=\"_ _1\"></span>i in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi futuri <span class=\"_ _1\"></span>sono <span class=\"_ _1\"></span>rileva<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>solo quando il lor<span class=\"_ _1\"></span>o recuper<span class=\"_ _1\"></span>o \u00e8 pr<span class=\"_ _1\"></span>obabile, ovver<span class=\"_ _1\"></span>o se si pr<span class=\"_ _1\"></span>evede che ve<span class=\"_ _1\"></span>rranno r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati in futuro im<span class=\"_ _1\"></span>ponibili<span class=\"_ _41\"> </span>fiscali<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>sufficienti  a  r<span class=\"_ _1\"></span>ecupera<span class=\"_ _1\"></span>re  l\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0.  L<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>  passivit\u00e0  per  impos<span class=\"_ _1\"></span>te  diffe<span class=\"_ _1\"></span>rite  sono  rileva<span class=\"_ _1\"></span>te  per  tutte  le<span class=\"_ _41\"> </span>di<span class=\"ls0\">ff<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>nze <span class=\"_ _6\"></span>tempora<span class=\"_ _1\"></span>nee <span class=\"_ _1\"></span>imponibili<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _6\"></span>futuri <span class=\"_ _1\"></span>salvo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>deriva <span class=\"_ _6\"></span>dalla: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>inizia<span class=\"_ _1\"></span>le<span class=\"_ _41\"> </span></span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento; <span class=\"_ _12\"> </span>ii) <span class=\"_ _c\"> </span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>iniziale <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>attivit\u00e0 <span class=\"_ _12\"> </span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>una <span class=\"_ _c\"> </span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>un\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione <span class=\"_ _c\"> </span>che <span class=\"_ _12\"> </span>non<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>un\u2019<span class=\"_ _6\"></span>aggr<span class=\"_ _1\"></span>egazione <span class=\"_ _7\"> </span>aziendale <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>ch<span class=\"_ _4\"></span>e <span class=\"_ _7\"> </span>al <span class=\"_ _12\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>dell\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _7\"> </span>non <span class=\"_ _12\"> </span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _7\"> </span>n\u00e9 <span class=\"_ _12\"> </span>l\u2019utile<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>abile n\u00e9 il r<span class=\"_ _1\"></span>eddito imponibil<span class=\"_ _1\"></span>e (perdit<span class=\"_ _1\"></span>a fiscale)<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Le imposte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti, le attivi<span class=\"_ _1\"></span>t\u00e0 per imposte anticipa<span class=\"_ _1\"></span>te e le passivit\u00e0 per impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>e s<span class=\"_ _4\"></span>ono imput<span class=\"_ _1\"></span>ate a<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>ecc<span class=\"_ _1\"></span>ezione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>quelle <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>voci <span class=\"_ _4\"></span>dir<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>addebit<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>accre<span class=\"_ _1\"></span>ditat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tre<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>ti del<span class=\"_ _1\"></span> con<span class=\"_ _1\"></span>to ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>complessi<span class=\"_ _1\"></span>vo ovv<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>a e<span class=\"_ _1\"></span>lementi de<span class=\"_ _1\"></span>l patri<span class=\"_ _1\"></span>monio n<span class=\"_ _1\"></span>etto. I<span class=\"_ _1\"></span>n t<span class=\"_ _1\"></span>ali c<span class=\"_ _1\"></span>asi l\u2019<span class=\"_ _2\"></span>effett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>fiscale<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>imput<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>dirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>componenti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _a\"></span>complessivo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ovvero <span class=\"_ _a\"></span>nel<span class=\"_ _41\"> </span>patrimonio <span class=\"_ _1\"></span>netto. Le <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>anticipa<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>imposte<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>differit<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>da<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>medesima <span class=\"_ _5\"></span>autorit\u00e0<span class=\"_ _41\"> </span>fiscale<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>compensat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>se <span class=\"_ _9\"> </span>esis<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>un <span class=\"_ _9\"> </span>diritt<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>leg<span class=\"_ _1\"></span>alment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>eser<span class=\"_ _1\"></span>citabile <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ompensare <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>importi <span class=\"_ _9\"> </span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fisca<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>fiscali <span class=\"_ _6\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _1\"></span>che<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>genere<span class=\"_ _1\"></span>ranno <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>moment<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>sament<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Le <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>anti<span class=\"_ _1\"></span>cipate e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>pas<span class=\"_ _1\"></span>sivit\u00e0 <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifi<span class=\"_ _1\"></span>cate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te tra<span class=\"_ _41\"> </span>le attivi<span class=\"_ _1\"></span>t\u00e0 e le passivit<span class=\"_ _1\"></span>\u00e0 non c<span class=\"_ _1\"></span>orrenti e c<span class=\"_ _1\"></span>ompensate<span class=\"_ _1\"></span> laddove possibil<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Le impost<span class=\"_ _1\"></span>e e tasse non corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>te al reddit<span class=\"_ _1\"></span>o sono<span class=\"_ _4\"></span> inclu<span class=\"_ _1\"></span>se nella voce<span class=\"_ _1\"></span> di conto ec<span class=\"_ _1\"></span>ono<span class=\"_ _4\"></span>mic<span class=\"_ _1\"></span>o definita altri<span class=\"_ _1\"></span> costi<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>applicat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>esenzione <span class=\"_ _4\"></span>obblig<span class=\"_ _1\"></span>atoria <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>informa<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>pass<span class=\"_ _4\"></span>ivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>per <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _4\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _4\"></span>dalla <span class=\"_ _4\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>Global <span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>-Base <span class=\"_ _4\"></span>Er<span class=\"_ _1\"></span>osion <span class=\"_ _4\"></span>rules <span class=\"_ _4\"></span>(\"GloBE <span class=\"_ _4\"></span>Rule<span class=\"_ _1\"></span>s\u201d).<span class=\"_ _41\"> </span>Ult<span class=\"_ _1\"></span>eriormente, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>Gruppo <span class=\"_ _7\"> </span>ha <span class=\"_ _12\"> </span>rivist<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>propria<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>truttur<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>societa<span class=\"_ _1\"></span>ria <span class=\"_ _12\"> </span>alla <span class=\"_ _12\"> </span>luce <span class=\"_ _12\"> </span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _12\"> </span>della<span class=\"_ _41\"> </span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Pillar <span class=\"_ _5\"></span>T<span class=\"_ _1\"></span>wo <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>legislazioni. <span class=\"_ _4\"></span>Essendo <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>iquota <span class=\"_ _4\"></span>fiscale <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>ettiva <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _5\"></span>Gruppo <span class=\"_ _4\"></span>superiore<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al<span class=\"_ _41\"> </span>15% <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>utte <span class=\"_ _4\"></span>le giurisdizioni <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>pera, <span class=\"_ _4\"></span>il Gruppo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>ricader<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di <span class=\"_ _b\"></span>applicazione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>Pill<span class=\"_ _1\"></span>ar <span class=\"_ _9\"> </span>T<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>il <span class=\"_ _b\"></span>calc<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>la <span class=\"_ _9\"> </span>c.d. <span class=\"_ _b\"></span>\u201c<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>op-Up <span class=\"_ _b\"></span>tax\u201d<span class=\"_ _6\"></span>. <span class=\"_ _b\"></span>Conseguent<span class=\"_ _1\"></span>emente <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span>bilancio consolida<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del Gruppo non include <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormazioni richiest<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dai para<span class=\"_ _1\"></span>grafi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>88A-88D <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>IAS 12,<span class=\"_ _41\"> </span>intr<span class=\"_ _1\"></span>odotti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>seguito <span class=\"_ _5\"></span>dell\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>parte <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _1\"></span>OCSE <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>citat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ristruttura<span class=\"_ _1\"></span>zione <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>regole <span class=\"_ _a\"></span>fisca<span class=\"_ _1\"></span>li<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> int<span class=\"_ _1\"></span>ernazionali per le impr<span class=\"_ _1\"></span>ese multinazionali.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "Parti<span class=\"_ _1\"></span> Correlate Le <span class=\"_ _9\"> </span>parti <span class=\"_ _9\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ono <span class=\"_ _9\"> </span>ide<span class=\"_ _1\"></span>ntifica<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>da <span class=\"_ _9\"> </span>parte <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _9\"> </span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>acc<span class=\"_ _1\"></span>ordo <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>IAS <span class=\"_ _9\"> </span>24. <span class=\"_ _9\"> </span>In<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>ale, <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>parti <span class=\"_ _a\"></span>corre<span class=\"_ _1\"></span>late <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>endono <span class=\"_ _a\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>quelle <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>condividono<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>Capogruppo <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span>medesimo <span class=\"_ _c\"> </span>soggett<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>contr<span class=\"_ _1\"></span>ollan<span class=\"_ _1\"></span>te, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>c<span class=\"_ _1\"></span>he <span class=\"_ _d\"> </span>di<span class=\"_ _1\"></span>rettament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>indirett<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>contr<span class=\"_ _1\"></span>ollano,<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sono<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e, oppure so<span class=\"_ _1\"></span>no soggette<span class=\"_ _1\"></span> a contr<span class=\"_ _1\"></span>ollo congiunt<span class=\"_ _1\"></span>o da part<span class=\"_ _1\"></span>e della Capogrup<span class=\"_ _1\"></span>po e quelle nel<span class=\"_ _1\"></span>le quali la<span class=\"_ _41\"> </span>medesima detie<span class=\"_ _1\"></span>ne una part<span class=\"_ _1\"></span>ecipazione ta<span class=\"_ _1\"></span>le da poter es<span class=\"_ _1\"></span>ercit<span class=\"_ _1\"></span>are un\u2019infl<span class=\"_ _1\"></span>uenza not<span class=\"_ _1\"></span>evole. Nella d<span class=\"_ _1\"></span>efinizione di<span class=\"_ _41\"> </span>parti <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>elate<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>rie<span class=\"_ _1\"></span>ntrano<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>inoltre, <span class=\"_ _b\"></span>quelle <span class=\"_ _a\"></span>entit\u00e0 <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>ges<span class=\"_ _1\"></span>tiscono <span class=\"_ _b\"></span>piani <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>benefici <span class=\"_ _a\"></span>post-pensio<span class=\"_ _1\"></span>nistici <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i<span class=\"_ _41\"> </span>dipendenti<span class=\"_ _1\"></span> della Capogruppo o <span class=\"_ _1\"></span>di sue societ\u00e0<span class=\"_ _1\"></span> correla<span class=\"_ _1\"></span>te, nonch\u00e9 gli am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>atori e i<span class=\"_ _1\"></span> loro str<span class=\"_ _1\"></span>etti f<span class=\"_ _1\"></span>amiliari,<span class=\"_ _41\"> </span>i <span class=\"_ _7\"> </span>componen<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>e<span class=\"_ _1\"></span>ffettivi<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>del <span class=\"_ _7\"> </span>Collegio <span class=\"_ _7\"> </span>Sindacale <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>loro <span class=\"_ _7\"> </span>str<span class=\"_ _1\"></span>etti <span class=\"_ _7\"> </span>fa<span class=\"_ _1\"></span>miliari, <span class=\"_ _7\"> </span>i <span class=\"_ _7\"> </span>dirigenti <span class=\"_ _7\"> </span>con <span class=\"_ _7\"> </span>re<span class=\"_ _1\"></span>sponsabilit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egiche <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>i <span class=\"_ _12\"> </span>lor<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>stre<span class=\"_ _1\"></span>tti <span class=\"_ _12\"> </span>f<span class=\"_ _1\"></span>amiliari, <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>Capogruppo <span class=\"_ _7\"> </span>e <span class=\"_ _7\"> </span>delle  societ\u00e0 <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>quest<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>dirett<span class=\"_ _1\"></span>amente  e/o<span class=\"_ _41\"> </span>indir<span class=\"_ _1\"></span>ettament<span class=\"_ _1\"></span>e contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e. Pe<span class=\"_ _1\"></span>r <span class=\"_ _2c\"> </span>parti <span class=\"_ _2c\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _2c\"> </span>est<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>ne <span class=\"_ _2b\"> </span>al <span class=\"_ _2b\"> </span>Gruppo <span class=\"_ _2c\"> </span>si <span class=\"_ _2c\"> </span>int<span class=\"_ _1\"></span>endono <span class=\"_ _2c\"> </span>il <span class=\"_ _2b\"> </span>Ministe<span class=\"_ _1\"></span>ro <span class=\"_ _2b\"> </span>vigilante <span class=\"_ _2b\"> </span>quale <span class=\"_ _2b\"> </span>il <span class=\"_ _2b\"> </span>Minister<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019Inf<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>asporti (MIT) e il<span class=\"_ _1\"></span> Minister<span class=\"_ _1\"></span>o con<span class=\"_ _1\"></span>trollan<span class=\"_ _1\"></span>te quale il Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o dell\u2019Eco<span class=\"_ _1\"></span>nomia e delle<span class=\"_ _41\"> </span>Finanz<span class=\"_ _1\"></span>e (MEF), le entit<span class=\"_ _1\"></span>\u00e0 sott<span class=\"_ _1\"></span>o il contr<span class=\"_ _1\"></span>ollo, anche<span class=\"_ _1\"></span> congiunto<span class=\"_ _1\"></span>, del MEF e le socie<span class=\"_ _1\"></span>t\u00e0 a <span class=\"_ _1\"></span>queste c<span class=\"_ _1\"></span>olleg<span class=\"_ _1\"></span>ate. Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>dettaglio <span class=\"_ _b\"></span>dei <span class=\"_ _9\"> </span>suddetti <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>apporti <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _9\"> </span>parti <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orre<span class=\"_ _1\"></span>late <span class=\"_ _9\"> </span>si <span class=\"_ _b\"> </span>rinvia <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>nota <span class=\"_ _9\"> </span>n<span class=\"_ _1\"></span>. <span class=\"_ _9\"> </span>33 <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>Bi<span class=\"_ _1\"></span>lancio<span class=\"_ _41\"> </span>Consolidat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "Settori <span class=\"_ _1\"></span>operativi<span class=\"_ _41\"> </span>In accordo con <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>principio IFRS <span class=\"_ _4\"></span>8 un <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ettore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo \u00e8 <span class=\"_ _4\"></span>una component<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di un\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0: <span class=\"_ _4\"></span>i) che <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>trapr<span class=\"_ _1\"></span>ende<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>impr<span class=\"_ _1\"></span>enditorial<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>neratrici<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di ricavi e costi, ii) i <span class=\"_ _4\"></span>cui risulta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativi sono rivisti periodicamen<span class=\"_ _1\"></span>te al<span class=\"_ _41\"> </span>pi\u00f9 <span class=\"_ _5\"></span>alto <span class=\"_ _5\"></span>livello <span class=\"_ _4\"></span>decisionale <span class=\"_ _4\"></span>operativo<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>fini <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>adozi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>decisioni <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>merito <span class=\"_ _5\"></span>alle <span class=\"_ _4\"></span>ris<span class=\"_ _4\"></span>or<span class=\"_ _1\"></span>se <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>alloc<span class=\"_ _1\"></span>are al sett<span class=\"_ _1\"></span>ore, iii) per la<span class=\"_ _1\"></span> quale sono disponibili in<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>mazioni di bilancio separ<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Ai <span class=\"_ _1\"></span>fini <span class=\"_ _6\"></span>ges<span class=\"_ _1\"></span>tionali, <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tegiche <span class=\"_ _6\"></span>identifica<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>natur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orniti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>esenta, <span class=\"_ _6\"></span>ai <span class=\"_ _1\"></span>fini <span class=\"_ _6\"></span>dell\u2019inf<span class=\"_ _1\"></span>ormativa<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>settori <span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _6\"></span>(servizi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>assiste<span class=\"_ _1\"></span>nza <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>volo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>servizi<span class=\"_ _41\"> </span>di manutenzione e<span class=\"_ _1\"></span> soluzioni softwar<span class=\"_ _1\"></span>e AIM) coincide<span class=\"_ _1\"></span>nti c<span class=\"_ _1\"></span>on le unit\u00e0 gener<span class=\"_ _1\"></span>atrici<span class=\"_ _1\"></span> di flussi finanziari (C<span class=\"_ _1\"></span>GU). \u00c8<span class=\"_ _41\"> </span>inoltr<span class=\"_ _1\"></span>e previs<span class=\"_ _1\"></span>to un <span class=\"_ _4\"></span>quart<span class=\"_ _1\"></span>o settor<span class=\"_ _1\"></span>e operativo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>vent<span class=\"_ _1\"></span>e natura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>esiduale che include le operazi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eribili<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ad<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>minoritarie, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>ricadono <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>settori <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>sopra <span class=\"_ _4\"></span>menziona<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>monitora<span class=\"_ _1\"></span>ggio<span class=\"_ _41\"> </span>separ<span class=\"_ _1\"></span>ato.<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ttori <span class=\"_ _5\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2025, <span class=\"_ _a\"></span>compar<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>dati <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>sono<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornite nella not<span class=\"_ _1\"></span>a 32 Inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a per settori<span class=\"_ _1\"></span> opera<span class=\"_ _1\"></span>tivi.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "Utile/(P<span class=\"_ _1\"></span>erdita) b<span class=\"_ _1\"></span>ase e diluita per<span class=\"_ _1\"></span> azione<span class=\"_ _41\"> </span>In <span class=\"_ _a\"></span>accor<span class=\"_ _1\"></span>do <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>principio <span class=\"_ _5\"></span>IAS <span class=\"_ _a\"></span>33, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _1\"></span>utile <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azione <span class=\"_ _5\"></span>viene <span class=\"_ _a\"></span>calc<span class=\"_ _1\"></span>olato <span class=\"_ _5\"></span>come <span class=\"_ _a\"></span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>l\u2019<span class=\"_ _1\"></span>utile <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>la<span class=\"_ _41\"> </span>perdit<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttribuibile agli <span class=\"_ _4\"></span>azi<span class=\"_ _1\"></span>onisti possessori di <span class=\"_ _4\"></span>azioni ordinarie<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della Capogruppo per <span class=\"_ _4\"></span>la media<span class=\"_ _41\"> </span>pondera<span class=\"_ _1\"></span>ta del<span class=\"_ _1\"></span>le azioni ordina<span class=\"_ _1\"></span>rie in circolazi<span class=\"_ _1\"></span>one nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o, escluse le azioni pr<span class=\"_ _1\"></span>oprie. L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e base coincide c<span class=\"_ _1\"></span>on l\u2019<span class=\"_ _1\"></span>utile diluito dal<span class=\"_ _1\"></span> momento<span class=\"_ _1\"></span> che alla da<span class=\"_ _1\"></span>ta di re<span class=\"_ _1\"></span>dazione del bilancio non<span class=\"_ _1\"></span> sussist<span class=\"_ _1\"></span>ono<span class=\"_ _41\"> </span>potenzia<span class=\"_ _1\"></span>li azioni <span class=\"_ _1\"></span>ordina<span class=\"_ _1\"></span>rie, ovver<span class=\"_ _1\"></span>o azioni <span class=\"_ _1\"></span>che non <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>ancor<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>o origine <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>emissione <span class=\"_ _1\"></span>di tit<span class=\"_ _1\"></span>oli azionari<span class=\"_ _41\"> </span>pur in pre<span class=\"_ _1\"></span>senza di<span class=\"_ _1\"></span> presuppos<span class=\"_ _1\"></span>ti giuridici con pote<span class=\"_ _1\"></span>nziali eff<span class=\"_ _1\"></span>etti dil<span class=\"_ _1\"></span>uitivi.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "<div class=\"c w2 h0 gs8\"><div class=\"t m0 x3 h4 yde1 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yde2 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yde3 ff2 fs1 fc3 sc3 ls6 ws0\">5.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Uso di stime<span class=\"ff3\"> </span></span></div><div class=\"t m0 x3 h4 yde4 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yde5 ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>edazione del <span class=\"_ _4\"></span>Bil<span class=\"_ _1\"></span>ancio <span class=\"_ _4\"></span>Consolida<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>in accor<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i principi cont<span class=\"_ _1\"></span>abili internazi<span class=\"_ _1\"></span>onali <span class=\"_ _4\"></span>IAS/IFR<span class=\"_ _1\"></span>S <span class=\"_ _4\"></span>e rel<span class=\"_ _1\"></span>ative </div><div class=\"t m0 x3 h4 yde6 ff2 fs1 fc0 sc0 ls0 ws0\">int<span class=\"_ _1\"></span>erpret<span class=\"_ _1\"></span>azioni, <span class=\"_ _4\"></span>richiede <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>parte degli <span class=\"_ _4\"></span>Amministr<span class=\"_ _1\"></span>atori <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettuazione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>time <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>abili <span class=\"_ _4\"></span>basat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>giudizi </div><div class=\"t m0 x3 h4 yde7 ff2 fs1 fc0 sc0 ls0 ws0\">comples<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>e/o <span class=\"_ _6\"></span>soggettivi, <span class=\"_ _6\"></span>valut<span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>time <span class=\"_ _1\"></span>basa<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>esperienza<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>orica <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>considera<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>ragione<span class=\"_ _1\"></span>voli </div><div class=\"t m0 x3 h4 yde8 ff2 fs1 fc0 sc0 ls0 ws0\">e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealis<span class=\"_ _1\"></span>tiche <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>funzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>delle rela<span class=\"_ _1\"></span>tive <span class=\"_ _4\"></span>cir<span class=\"_ _1\"></span>cost<span class=\"_ _1\"></span>anze e <span class=\"_ _4\"></span>sulla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onosciute<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>momen<span class=\"_ _1\"></span>to </div><div class=\"t m0 x3 h4 ya4 ff2 fs1 fc0 sc0 ls0 ws0\">della <span class=\"_ _4\"></span>stima. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>applicazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _4\"></span>stime <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>assunzioni <span class=\"_ _4\"></span>influenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valore <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>iscrizione <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>delle </div><div class=\"t m0 x3 h4 yb81 ff2 fs1 fc0 sc0 ls0 ws0\">passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>l\u2019inf<span class=\"_ _1\"></span>ormativa <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>u <span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _6\"></span>potenziali <span class=\"_ _1\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _1\"></span>nonch\u00e9 <span class=\"_ _6\"></span>l\u2019<span class=\"_ _6\"></span>ammontar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>vi </div><div class=\"t m0 x3 h4 yde9 ff2 fs1 fc0 sc0 ls0 ws0\">e <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>costi <span class=\"_ _a\"></span>nel <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>riodo <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento. <span class=\"_ _b\"></span>I <span class=\"_ _b\"></span>risulta<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>effe<span class=\"_ _1\"></span>ttivi <span class=\"_ _b\"></span>potrebber<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>differir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>quelli <span class=\"_ _b\"></span>stimati <span class=\"_ _a\"></span>a <span class=\"_ _9\"> </span>causa </div><div class=\"t m0 x3 h4 ya42 ff2 fs1 fc0 sc0 ls0 ws0\">dell\u2019incert<span class=\"_ _1\"></span>ezza <span class=\"_ _4\"></span>che <span class=\"_ _a\"></span>ca<span class=\"_ _1\"></span>ratt<span class=\"_ _1\"></span>erizza<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>assunzioni <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>condi<span class=\"_ _1\"></span>zioni <span class=\"_ _5\"></span>sulle <span class=\"_ _a\"></span>quali <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>basano <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>stime. <span class=\"_ _5\"></span>Le <span class=\"_ _5\"></span>stime <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le </div><div class=\"t m0 x3 h4 ydea ff2 fs1 fc0 sc0 ls0 ws0\">assunzioni <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>riv<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>periodic<span class=\"_ _1\"></span>amente <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>gli <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>etti<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>ogni<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>v<span class=\"_ _1\"></span>ariazione <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>riflessi<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>con<span class=\"_ _1\"></span>tabilmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>nel </div><div class=\"t m0 x3 h4 y6e5 ff2 fs1 fc0 sc0 ls0 ws0\">periodo <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _4\"></span>avviene <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>visione <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>stima, <span class=\"_ _4\"></span>se <span class=\"_ _4\"></span>tale <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>evisione <span class=\"_ _4\"></span>influenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>olo <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ente, <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>anche </div><div class=\"t m0 x3 h4 ydeb ff2 fs1 fc0 sc0 ls0 ws0\">nei periodi succes<span class=\"_ _1\"></span>sivi se la re<span class=\"_ _1\"></span>visione influenz<span class=\"_ _1\"></span>a il periodo c<span class=\"_ _1\"></span>orrent<span class=\"_ _1\"></span>e e quelli futuri. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 ydec ff2 fs1 fc0 sc0 ls0 ws0\">Particolare <span class=\"_ _1\"></span>attenzi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>stata <span class=\"_ _1\"></span>dedica<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>valutazione <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>recuperabilit\u00e0 <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>crediti, a<span class=\"_ _1\"></span>lla <span class=\"_ _1\"></span>tenuta <span class=\"_ _6\"></span>degli <span class=\"_ _1\"></span>assets </div><div class=\"t m0 x3 h4 yb8b ff2 fs1 fc0 sc0 ls0 ws0\">e <span class=\"_ _10\"> </span>dell\u2019avv<span class=\"_ _1\"></span>iamento <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>alla <span class=\"_ _9\"> </span>determinazione <span class=\"_ _9\"> </span>del <span class=\"_ _10\"> </span>Balance<span class=\"_ _1\"></span>  del<span class=\"_ _1\"></span>l\u2019esercizio. <span class=\"_ _10\"> </span>Inoltre<span class=\"_ _1\"></span>, <span class=\"_ _10\"> </span>nella <span class=\"_ _9\"> </span>pr<span class=\"_ _4\"></span>edi<span class=\"_ _1\"></span>sposizione <span class=\"_ _9\"> </span>del </div><div class=\"t m0 x3 h4 y4c2 ff2 fs1 fc0 sc0 ls0 ws0\">Bilancio <span class=\"_ _10\"> </span>consolidato  sono <span class=\"_ _10\"> </span>stati  ve<span class=\"_ _1\"></span>rificati  i  presupposti  per <span class=\"_ _10\"> </span>la  continuit\u00e0<span class=\"_ _1\"></span>  aziendale <span class=\"_ _10\"> </span>ed  \u00e8  ragi<span class=\"_ _1\"></span>onevole </div><div class=\"t m0 x3 h4 yb8c ff2 fs1 fc0 sc0 ls0 ws0\">affermare <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontinuer\u00e0 <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>propria <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>operativa <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>futu<span class=\"_ _1\"></span>ro <span class=\"_ _4\"></span>prevedibile <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>comunque <span class=\"_ _4\"></span>in </div><div class=\"t m0 x3 h4 yb8d ff2 fs1 fc0 sc0 ls0 ws0\">un\u2019ottica di <span class=\"_ _4\"></span>lungo periodo. <span class=\"_ _4\"></span>I<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>caso di cambiamenti <span class=\"_ _4\"></span>futu<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>nei processi di <span class=\"_ _4\"></span>stima verr\u00e0 data<span class=\"_ _4\"></span> informativa del </div><div class=\"t m0 x3 h4 yb8e ff2 fs1 fc0 sc0 ls0 ws0\">cambiamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>met<span class=\"_ _1\"></span>odologic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ar <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dall\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>potr<span class=\"_ _1\"></span>ebbe <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>arsi il <span class=\"_ _4\"></span>suddett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>cambia<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>in </div><div class=\"t m0 x3 h4 yb8f ff2 fs1 fc0 sc0 ls0 ws0\">prese<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>fa<span class=\"_ _1\"></span>ttori <span class=\"_ _4\"></span>e/o <span class=\"_ _4\"></span>elementi <span class=\"_ _4\"></span>ult<span class=\"_ _1\"></span>eriori <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>potrebber<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>intervenir<span class=\"_ _1\"></span>e. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _4\"></span>modific<span class=\"_ _1\"></span>he <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>condizioni <span class=\"_ _4\"></span>alla </div><div class=\"t m0 x3 h4 yb90 ff2 fs1 fc0 sc0 ls0 ws0\">base <span class=\"_ _9\"> </span>delle <span class=\"_ _9\"> </span>ass<span class=\"_ _4\"></span>unzio<span class=\"_ _1\"></span>ni <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _10\"> </span>giudizi <span class=\"_ _9\"> </span>adottati <span class=\"_ _9\"> </span>potrebbe<span class=\"_ _1\"></span>ro <span class=\"_ _9\"> </span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>un <span class=\"_ _9\"> </span>impatt<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>significa<span class=\"_ _1\"></span>tivo <span class=\"_ _9\"> </span>sui <span class=\"_ _10\"> </span>dati </div><div class=\"t m0 x3 h4 yded ff2 fs1 fc0 sc0 ls0 ws0\">consolida<span class=\"_ _1\"></span>ti.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 ydee ff3 fs1 fc3 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 ydef ff3 fs1 fc3 sc0 ls0 ws0\"> </div></div>V<span class=\"_ _1\"></span>alut<span class=\"_ _1\"></span>azione al fair <span class=\"_ _1\"></span>value per str<span class=\"_ _1\"></span>umenti rappresen<span class=\"_ _1\"></span>tativi di<span class=\"_ _1\"></span> capitale<span class=\"_ _41\"> </span>Nella <span class=\"_ _a\"></span>det<span class=\"_ _1\"></span>erminazione <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ue, <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _5\"></span>opera <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>formit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>req<span class=\"_ _1\"></span>uisiti <span class=\"_ _a\"></span>defi<span class=\"_ _1\"></span>niti <span class=\"_ _a\"></span>dall\u2019IFRS <span class=\"_ _5\"></span>13 <span class=\"_ _a\"></span>ogni<span class=\"_ _41\"> </span>qualvolt<span class=\"_ _1\"></span>a t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>misur<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>richies<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>principi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abili <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>ernazionali, <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>criterio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>e/o<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _4\"></span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>quale <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormativa<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>integr<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elazione <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>specifiche <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>passivit\u00e0. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>val<span class=\"_ _1\"></span>u<span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>esprime  i<span class=\"_ _1\"></span>l  pr<span class=\"_ _1\"></span>ezzo  c<span class=\"_ _1\"></span>he  si <span class=\"_ _10\"> </span>per<span class=\"_ _1\"></span>cepir<span class=\"_ _1\"></span>ebbe  per  la <span class=\"_ _10\"> </span>vendit<span class=\"_ _1\"></span>a  di <span class=\"_ _10\"> </span>un\u2019<span class=\"_ _6\"></span>attivi<span class=\"_ _1\"></span>t\u00e0  ov<span class=\"_ _1\"></span>vero  c<span class=\"_ _1\"></span>he  si  pag<span class=\"_ _1\"></span>herebbe <span class=\"_ _10\"> </span>per  i<span class=\"_ _1\"></span>l<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>sfe<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>trans<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>ordinaria <span class=\"_ _a\"></span>post<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>in<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>opera<span class=\"_ _1\"></span>tori <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, alla data di valut<span class=\"_ _1\"></span>azione (c.d. <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>xit price). Il <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air value<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>trumenti quotati in pubblici mer<span class=\"_ _1\"></span>cati \u00e8<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to f<span class=\"_ _1\"></span>acendo rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to alle quotazi<span class=\"_ _1\"></span>oni (bid price)<span class=\"_ _1\"></span> alla data<span class=\"_ _1\"></span> di chiusura de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio. Il  f<span class=\"_ _1\"></span>air  v<span class=\"_ _1\"></span>alue  di  s<span class=\"_ _1\"></span>trumenti <span class=\"_ _10\"> </span>non  quot<span class=\"_ _1\"></span>ati  v<span class=\"_ _1\"></span>iene  misur<span class=\"_ _1\"></span>ato <span class=\"_ _10\"> </span>fa<span class=\"_ _1\"></span>cendo  rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o  a  t<span class=\"_ _1\"></span>ecniche  di  v<span class=\"_ _1\"></span>alutazione<span class=\"_ _41\"> </span>finanziaria. Le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _4\"></span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>value <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>tre <span class=\"_ _4\"></span>livelli <span class=\"_ _4\"></span>ger<span class=\"_ _1\"></span>archici <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>seguito<span class=\"_ _41\"> </span>descritti, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>rilevanz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>informazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>utilizz<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>determinazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>val<span class=\"_ _1\"></span>ue <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>esso. <span class=\"_ _5\"></span>In<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e:<span class=\"_ _41\"> </span>Livello <span class=\"_ _a\"></span>1: <span class=\"_ _a\"></span>fair <span class=\"_ _a\"></span>value<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>determi<span class=\"_ _1\"></span>nato <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>prezzi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>quota<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>(non <span class=\"_ _a\"></span>modifica<span class=\"_ _1\"></span>ti) <span class=\"_ _b\"></span>su <span class=\"_ _a\"></span>merc<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>attivi <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>ti finanziari iden<span class=\"_ _1\"></span>tici cui il Gruppo pu\u00f2 acce<span class=\"_ _1\"></span>dere alla<span class=\"_ _1\"></span> data di v<span class=\"_ _1\"></span>alutazione;<span class=\"_ _41\"> </span>Livello <span class=\"_ _1\"></span>2: f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>to sulla <span class=\"_ _1\"></span>base di <span class=\"_ _1\"></span>input <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>si dai <span class=\"_ _1\"></span>prezzi <span class=\"_ _1\"></span>quota<span class=\"_ _1\"></span>ti di <span class=\"_ _1\"></span>cui al <span class=\"_ _1\"></span>livell<span class=\"_ _1\"></span>o 1, basando<span class=\"_ _1\"></span>si su<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>bili osser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>abili dir<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te o indir<span class=\"_ _1\"></span>ettament<span class=\"_ _1\"></span>e su mer<span class=\"_ _1\"></span>cati a<span class=\"_ _1\"></span>ttivi;<span class=\"_ _41\"> </span>Livello 3: f<span class=\"_ _1\"></span>air val<span class=\"_ _1\"></span>ue determi<span class=\"_ _1\"></span>nato con t<span class=\"_ _1\"></span>ecniche di v<span class=\"_ _1\"></span>alutazione c<span class=\"_ _1\"></span>on rif<span class=\"_ _1\"></span>erimento a v<span class=\"_ _1\"></span>ariabili non osse<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>abili. Pe<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>le attivit\u00e0 e pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 mi<span class=\"_ _4\"></span>sur<span class=\"_ _1\"></span>ate al fair value su <span class=\"_ _4\"></span>base ricorre<span class=\"_ _1\"></span>nte, il <span class=\"_ _4\"></span>Gruppo determina se <span class=\"_ _4\"></span>si sia <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>erificat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>un<span class=\"ls0\"> tra<span class=\"_ _1\"></span>sf<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span> tra i li<span class=\"_ _1\"></span>velli ge<span class=\"_ _1\"></span>rar<span class=\"_ _1\"></span>chici sopra indic<span class=\"_ _1\"></span>ati, indiv<span class=\"_ _1\"></span>iduando a ogni chiusu<span class=\"_ _1\"></span>ra c<span class=\"_ _1\"></span>ontabile<span class=\"_ _1\"></span> il livello in cui<span class=\"_ _41\"> </span></span>\u00e8 classific<span class=\"_ _1\"></span>ato l\u2019input si<span class=\"_ _1\"></span>gnificativo <span class=\"_ _1\"></span>di pi\u00f9 basso livell<span class=\"_ _1\"></span>o di ger<span class=\"_ _1\"></span>archia utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o per la valut<span class=\"_ _1\"></span>azione.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>ad ogni <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erimento del <span class=\"_ _4\"></span>bilancio eff<span class=\"_ _1\"></span>ettua l\u2019<span class=\"_ _6\"></span>aggiornamento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span><span class=\"ff8\">fai<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>value<span class=\"ff2\"> <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>strumen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></span></span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativi di capit<span class=\"_ _1\"></span>ale per i quali ha eff<span class=\"_ _1\"></span>ettuato la sce<span class=\"_ _1\"></span>lta irrev<span class=\"_ _1\"></span>ocabile di iscriver<span class=\"_ _1\"></span>e i <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativi adeguamen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>ad <span class=\"_ _5\"></span>OCI <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>specific<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>riserva <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>patri<span class=\"_ _1\"></span>monio <span class=\"_ _5\"></span>netto. <span class=\"_ _4\"></span>Con <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span><span class=\"ff8\">fair<span class=\"_ _41\"> </span></span>value<span class=\"ff2\"> <span class=\"_ _5\"></span>dell\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>parteci<span class=\"_ _1\"></span>pativo <span class=\"_ _5\"></span>nella <span class=\"_ _4\"></span>Aireon, <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _4\"></span>condotta <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>della <span class=\"_ _4\"></span>direzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>richiede <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span></span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _4\"></span>di una <span class=\"_ _4\"></span>serie <span class=\"_ _4\"></span>di input <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>erni <span class=\"_ _4\"></span>ed este<span class=\"_ _1\"></span>rni <span class=\"_ _4\"></span>come ad <span class=\"_ _4\"></span>esempio: <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>same <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>budge<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>annuale, <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>same<span class=\"_ _41\"> </span>del  Piano  economic<span class=\"_ _1\"></span>o-finanzia<span class=\"_ _1\"></span>rio  di  lungo  periodo  ed  analisi  dei<span class=\"_ _1\"></span>  pr<span class=\"_ _4\"></span>incipa<span class=\"_ _1\"></span>li  indica<span class=\"_ _1\"></span>tori  di  merc<span class=\"_ _1\"></span>ato.  La<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _1\"></span>richiede <span class=\"_ _6\"></span>un a<span class=\"_ _1\"></span>mpio <span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>della <span class=\"_ _6\"></span>direzione <span class=\"_ _1\"></span>azie<span class=\"_ _1\"></span>ndale <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>stime <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>igni<span class=\"_ _1\"></span>ficative <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>assunzioni.<span class=\"_ _41\"> </span>In particolare, la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima del <span class=\"_ _4\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>value<span class=\"ff2\"> di <span class=\"_ _4\"></span>Air<span class=\"_ _1\"></span>eon <span class=\"_ _4\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ata eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta sulla <span class=\"_ _4\"></span>base delle proiezi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span></span></span>finanziarie <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>2024-2039 <span class=\"_ _a\"></span>(il <span class=\"_ _b\"></span>\u201cPiano\u201d), <span class=\"_ _a\"></span>predispos<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>corso <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>mese <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>febbr<span class=\"_ _1\"></span>aio <span class=\"_ _b\"></span>2025 <span class=\"_ _a\"></span>dal<span class=\"_ _41\"> </span>managemen<span class=\"_ _1\"></span>t di Aireon<span class=\"_ _1\"></span>. In particolar<span class=\"_ _1\"></span>e, il modello va<span class=\"_ _1\"></span>luta<span class=\"_ _1\"></span>tivo \u00e8 fonda<span class=\"_ _1\"></span>to sulle seguen<span class=\"_ _1\"></span>ti principali ass<span class=\"_ _1\"></span>unzioni:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019<span class=\"_ _6\"></span>equity <span class=\"_ _4\"></span>val<span class=\"_ _1\"></span>ue, <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ospettiva <span class=\"_ _4\"></span>equity<span class=\"_ _1\"></span>-side, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>dividendi <span class=\"_ _4\"></span>dis<span class=\"_ _1\"></span>tribuibili <span class=\"_ _4\"></span>desun<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>dal<span class=\"_ _41\"> </span></span></span>cita<span class=\"_ _1\"></span>to Piano; ta<span class=\"_ _1\"></span>li dividendi sono st<span class=\"_ _1\"></span>ati desunti dal piano <span class=\"_ _1\"></span>economico finanzi<span class=\"_ _1\"></span>ario per un numero d<span class=\"_ _1\"></span>efinito<span class=\"_ _41\"> </span>di <span class=\"_ _1\"></span>anni <span class=\"_ _1\"></span>(periodo <span class=\"_ _6\"></span>esplicito), <span class=\"_ _6\"></span>oltre <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>quale <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>ipotizz<span class=\"_ _1\"></span>ata <span class=\"_ _6\"></span>la g<span class=\"_ _1\"></span>enerazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Societ\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un <span class=\"_ _6\"></span>flusso<span class=\"_ _41\"> </span>di cassa sost<span class=\"_ _1\"></span>enibile a regime ad un t<span class=\"_ _1\"></span>asso di crescita<span class=\"_ _1\"></span> medio nominale (g<span class=\"_ _4\"></span>-r<span class=\"_ _1\"></span>ate)<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>lun<span class=\"_ _1\"></span>go periodo (valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>terminal<span class=\"_ _1\"></span>e); \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">Il <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>asso <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _b\"> </span>il <span class=\"_ _9\"> </span>Cost <span class=\"_ _b\"></span>of <span class=\"_ _9\"> </span>Capital<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>(Ke<span class=\"_ _1\"></span>) <span class=\"_ _9\"> </span>pari <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>15,37%, <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>alcolat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>mediant<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span></span></span>metodologia<span class=\"_ _1\"></span> del CAPM (<span class=\"ff8\">Capit<span class=\"_ _1\"></span>al Asset Prici<span class=\"_ _1\"></span>ng Model<span class=\"ff2 ls14\">).<span class=\"_ _41\"> </span></span></span>La tecnic<span class=\"_ _1\"></span>a di valut<span class=\"_ _1\"></span>azione del <span class=\"ff8\">f<span class=\"_ _1\"></span>air value<span class=\"ff2\"> di cui sopra<span class=\"_ _1\"></span>, \u00e8 classific<span class=\"_ _1\"></span>abile come live<span class=\"_ _1\"></span>llo 3.<span class=\"_ _41\"> </span></span></span>L<span class=\"_ _6\"></span>\u2019inve<span class=\"_ _1\"></span>stiment<span class=\"_ _1\"></span>o in Aireon r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta l\u2019<span class=\"_ _1\"></span>unico<span class=\"_ _1\"></span> strument<span class=\"_ _1\"></span>o finanziario del <span class=\"_ _1\"></span>Gruppo valut<span class=\"_ _1\"></span>ato al <span class=\"ff8\">fair val<span class=\"_ _1\"></span>ue<span class=\"ff2\">.<span class=\"_ _41\"> </span></span></span>Nei periodi in esame <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo non ha operat<span class=\"_ _1\"></span>o alcun <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ambiament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>in merit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ecniche di valutazi<span class=\"_ _1\"></span>one<span class=\"_ _41\"> </span>degli s<span class=\"_ _1\"></span>trumenti finanziari c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ati al <span class=\"ff8\">fair value</span>.<span class=\"_ _41\"> </span>Nel <span class=\"_ _9\"> </span>par<span class=\"_ _1\"></span>agra<span class=\"_ _1\"></span>fo <span class=\"_ _b\"></span>n. <span class=\"_ _9\"> </span>9 <span class=\"_ _b\"></span><span class=\"ff8\">Partec<span class=\"_ _1\"></span>ipazioni <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>altre <span class=\"_ _b\"> </span>imprese<span class=\"ff2\"> <span class=\"_ _9\"> </span>vengon<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>ornite <span class=\"_ _b\"></span>le <span class=\"_ _9\"> </span>ulte<span class=\"_ _1\"></span>riori <span class=\"_ _9\"> </span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _9\"> </span>ai<span class=\"_ _41\"> </span></span></span>risulta<span class=\"_ _1\"></span>ti delle v<span class=\"_ _1\"></span>alutazioni c<span class=\"_ _1\"></span>ondotte dal Gruppo<span class=\"_ _1\"></span> ENA<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>.<span class=\"_ _41\"> </span>Riduzione di v<span class=\"_ _1\"></span>alore delle attivit\u00e0<span class=\"_ _1\"></span> (impairment) e <span class=\"_ _1\"></span>unit\u00e0 generatri<span class=\"_ _1\"></span>ci di cassa<span class=\"_ _41\"> </span>Una <span class=\"_ _4\"></span>rid<span class=\"_ _1\"></span>uzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>delle attivit\u00e0 esist<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>qualor<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>(c<span class=\"_ _1\"></span>arrying <span class=\"_ _4\"></span>amount)<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>una u<span class=\"_ _1\"></span>nit\u00e0 <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>atrice <span class=\"_ _1\"></span>di fl<span class=\"_ _1\"></span>ussi di <span class=\"_ _1\"></span>cassa<span class=\"_ _1\"></span>, Cash <span class=\"_ _1\"></span>Gener<span class=\"_ _1\"></span>ating <span class=\"_ _1\"></span>Unit <span class=\"_ _1\"></span>(CGU), <span class=\"_ _1\"></span>\u00e8 supe<span class=\"_ _1\"></span>riore <span class=\"_ _1\"></span>al s<span class=\"_ _1\"></span>uo va<span class=\"_ _1\"></span>lore <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abile<span class=\"_ _41\"> </span>(int<span class=\"_ _1\"></span>eso come il mag<span class=\"_ _4\"></span>gior<span class=\"_ _1\"></span>e tra<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>air <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue di un<span class=\"_ _4\"></span>\u2019<span class=\"_ _2\"></span>attivit\u00e0 o di una unit\u00e0 gene<span class=\"_ _1\"></span>ratrice<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di flussi finanziari dedo<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span>i <span class=\"_ _a\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>vendita <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>oprio <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>d\u2019<span class=\"_ _1\"></span>uso). <span class=\"_ _b\"></span>Una <span class=\"_ _a\"></span>C<span class=\"_ _1\"></span>GU <span class=\"_ _a\"></span>rappr<span class=\"_ _1\"></span>esenta <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>pi\u00f9 <span class=\"_ _a\"></span>piccolo <span class=\"_ _5\"></span>gruppo <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>che<span class=\"_ _41\"> </span>gener<span class=\"_ _1\"></span>a flussi finanziari lar<span class=\"_ _1\"></span>ga<span class=\"_ _1\"></span>mente indipende<span class=\"_ _1\"></span>nti.<span class=\"_ _41\"> </span>Nel pr<span class=\"_ _1\"></span>ocesso di individuazione<span class=\"_ _1\"></span> delle predett<span class=\"_ _1\"></span>e CGU<span class=\"_ _1\"></span>, il m<span class=\"_ _4\"></span>anag<span class=\"_ _1\"></span>ement ha te<span class=\"_ _1\"></span>nuto cont<span class=\"_ _1\"></span>o della natur<span class=\"_ _1\"></span>a specifica<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0  e  del  business  a  cui  essa  ap<span class=\"_ _1\"></span>partiene  (ar<span class=\"_ _1\"></span>ee  di  business,  normativ<span class=\"_ _1\"></span>a  di  rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span>,  ecc.),<span class=\"_ _41\"> </span>verific<span class=\"_ _1\"></span>ando  che  i  flussi  finanzi<span class=\"_ _1\"></span>ari  in  entra<span class=\"_ _1\"></span>ta  derivan<span class=\"_ _1\"></span>ti  da  un  gruppo  di  a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _1\"></span>  fosser<span class=\"_ _1\"></span>o  str<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>indipendenti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>ampiament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>autono<span class=\"_ _1\"></span>mi <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>quelli <span class=\"_ _4\"></span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>(o <span class=\"_ _4\"></span>gruppi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>attivit\u00e0)<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Inoltre, <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>incluse <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>ogni <span class=\"_ _5\"></span>CGU <span class=\"_ _5\"></span>sono <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>individuat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>anche <span class=\"_ _5\"></span>sulla <span class=\"_ _a\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>modalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>o <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>managemen<span class=\"_ _1\"></span>t le ges<span class=\"_ _1\"></span>tisce e le monitor<span class=\"_ _1\"></span>a nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o del prop<span class=\"_ _1\"></span>rio modello di business<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Il numero ed <span class=\"_ _4\"></span>il perimetro dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>CGU<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>vengono sistema<span class=\"_ _1\"></span>ticamen<span class=\"_ _1\"></span>te monitora<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>per tener<span class=\"_ _1\"></span>e conto di <span class=\"_ _4\"></span>eve<span class=\"_ _1\"></span>ntuali<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>attori <span class=\"_ _a\"></span>esterni <span class=\"_ _a\"></span>che <span class=\"_ _b\"></span>potrebber<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>influir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>sulla <span class=\"_ _a\"></span>capacit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gene<span class=\"_ _1\"></span>rar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>fl<span class=\"_ _1\"></span>ussi <span class=\"_ _b\"></span>finanziari <span class=\"_ _b\"></span>autonomi <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>gruppi di <span class=\"_ _1\"></span>attivit\u00e0<span class=\"_ _1\"></span> aziendali <span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>al fine di <span class=\"_ _1\"></span>allocare <span class=\"_ _1\"></span>gli eff<span class=\"_ _1\"></span>etti di eve<span class=\"_ _1\"></span>ntuali nu<span class=\"_ _1\"></span>ove opera<span class=\"_ _1\"></span>zioni di a<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>azione o di<span class=\"_ _41\"> </span>riorg<span class=\"_ _1\"></span>anizz<span class=\"_ _1\"></span>azione da parte d<span class=\"_ _1\"></span>el Gruppo.<span class=\"_ _41\"> </span>Il <span class=\"_ _4\"></span>managemen<span class=\"_ _1\"></span>t, <span class=\"_ _5\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>attua<span class=\"_ _1\"></span>le <span class=\"_ _4\"></span>struttura <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>identifica<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>tre <span class=\"_ _4\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>atrici <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>flussi<span class=\"_ _41\"> </span>finanziari (C<span class=\"_ _1\"></span>GU):<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Servizi <span class=\"_ _1\"></span>di as<span class=\"_ _1\"></span>sistenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>al v<span class=\"_ _1\"></span>olo:<span class=\"ff2\"> la <span class=\"_ _1\"></span>C<span class=\"_ _1\"></span>GU c<span class=\"_ _1\"></span>oincide <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>entit\u00e0 <span class=\"_ _1\"></span>leg<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V S.p.A., <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>come <span class=\"_ _1\"></span>core<span class=\"_ _1\"></span> busines<span class=\"_ _1\"></span>s<span class=\"_ _41\"> </span></span></span></span>l\u2019<span class=\"_ _6\"></span>erog<span class=\"_ _1\"></span>azione dei <span class=\"_ _4\"></span>servizi di <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e contr<span class=\"_ _1\"></span>ollo del <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico aere<span class=\"_ _1\"></span>o, nonch\u00e9 <span class=\"_ _4\"></span>gli altri servizi <span class=\"_ _4\"></span>essenzi<span class=\"_ _1\"></span>ali <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>la navig<span class=\"_ _1\"></span>azione, <span class=\"_ _4\"></span>nei cieli italiani e <span class=\"_ _4\"></span>negli aer<span class=\"_ _1\"></span>oporti <span class=\"_ _4\"></span>civili nazionali d<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ompetenz<span class=\"_ _1\"></span>a, <span class=\"_ _4\"></span>assicur<span class=\"_ _1\"></span>ando <span class=\"_ _4\"></span>i massimi<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>andard tecnic<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>e di sis<span class=\"_ _1\"></span>tema nella sicur<span class=\"_ _1\"></span>ezza<span class=\"_ _1\"></span> del volo ed il <span class=\"_ _4\"></span>pot<span class=\"_ _1\"></span>enziament<span class=\"_ _1\"></span>o tecnologic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>-infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>ale<span class=\"_ _41\"> </span>degli impian<span class=\"_ _1\"></span>ti di assist<span class=\"_ _1\"></span>enza <span class=\"_ _1\"></span>al volo.<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Servizi <span class=\"_ _1\"></span>di m<span class=\"_ _1\"></span>anutenzi<span class=\"_ _1\"></span>on<span class=\"_ _4\"></span>e:<span class=\"_ _1\"></span><span class=\"ff2\"> la<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>CGU <span class=\"_ _1\"></span>coincide <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>troll<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>echno Sk<span class=\"_ _1\"></span>y S<span class=\"_ _1\"></span>.r<span class=\"_ _6\"></span>.l. <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ome c<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>business<span class=\"_ _41\"> </span></span></span></span>la <span class=\"_ _1\"></span>conduzione t<span class=\"_ _1\"></span>ecnica <span class=\"_ _1\"></span>e l<span class=\"_ _1\"></span>a manutenzione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>impianti <span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i sis<span class=\"_ _1\"></span>temi <span class=\"_ _1\"></span>per il <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollo del <span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ffico aer<span class=\"_ _1\"></span>eo.<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Soluzioni softw<span class=\"_ _1\"></span>are AIM:<span class=\"ff2\"> la CGU c<span class=\"_ _1\"></span>oincide con la<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta IDS AirNa<span class=\"_ _1\"></span>v S.r<span class=\"_ _2\"></span>.l. che ha c<span class=\"_ _1\"></span>ome core<span class=\"_ _1\"></span> business<span class=\"_ _41\"> </span></span></span></span>lo sviluppo di soluzioni softw<span class=\"_ _1\"></span>are nei settori della ges<span class=\"_ _1\"></span>tione <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e informazi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>aer<span class=\"_ _1\"></span>onautiche e gestione<span class=\"_ _41\"> </span>del <span class=\"_ _1\"></span>traffico <span class=\"_ _1\"></span>aer<span class=\"_ _1\"></span>eo ed <span class=\"_ _1\"></span>erog<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>dei r<span class=\"_ _1\"></span>elativi<span class=\"_ _1\"></span> servizi <span class=\"_ _1\"></span>commercia<span class=\"_ _1\"></span>li, per <span class=\"_ _1\"></span>vari cli<span class=\"_ _1\"></span>enti in <span class=\"_ _1\"></span>It<span class=\"_ _1\"></span>alia, Eur<span class=\"_ _1\"></span>opa e <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>aesi<span class=\"_ _41\"> </span>extr<span class=\"_ _1\"></span>aeuropei<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>La <span class=\"_ _4\"></span>direzione <span class=\"_ _4\"></span>aziendal<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>test <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>impairment <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>avvia<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>derivan<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>dalle<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>zioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>aggr<span class=\"_ _1\"></span>ega<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>aziendal<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>acquisizione del <span class=\"_ _4\"></span>100%<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>soci<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>T<span class=\"_ _2\"></span>echno <span class=\"_ _4\"></span>Sky il<span class=\"_ _41\"> </span>cui <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>rament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>CGU <span class=\"_ _5\"></span>Servizi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>acquisizione <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>100%<span class=\"_ _41\"> </span>delle <span class=\"_ _9\"> </span>quote<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _9\"> </span>sociale <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>IDS <span class=\"_ _9\"> </span>AirNav<span class=\"_ _2\"></span>, <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>quale <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>alloc<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>rela<span class=\"_ _1\"></span>tivo<span class=\"_ _41\"> </span>avviamen<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, nell\u2019<span class=\"_ _6\"></span>ambito del<span class=\"_ _1\"></span>la CGU Soluzioni <span class=\"_ _1\"></span>softwar<span class=\"_ _1\"></span>e AIM. Lo <span class=\"_ _4\"></span>svolgimen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>test <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>i<span class=\"_ _4\"></span>mpai<span class=\"_ _1\"></span>rment <span class=\"_ _4\"></span>ha <span class=\"_ _5\"></span>richies<span class=\"_ _1\"></span>to, <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>direzi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>aziendale, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettuazione <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>stime <span class=\"_ _7\"> </span>significa<span class=\"_ _1\"></span>tive, <span class=\"_ _12\"> </span>anche <span class=\"_ _7\"> </span>tenendo <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>degli <span class=\"_ _7\"> </span>eventual<span class=\"_ _1\"></span>i <span class=\"_ _12\"> </span>impatti <span class=\"_ _12\"> </span>ESG <span class=\"_ _7\"> </span>riflessi <span class=\"_ _12\"> </span>nel <span class=\"_ _7\"> </span>piano <span class=\"_ _12\"> </span>economico<span class=\"_ _41\"> </span>finanziario. <span class=\"_ _7\"> </span>Eve<span class=\"_ _1\"></span>ntuali <span class=\"_ _12\"> </span>modi<span class=\"_ _1\"></span>fiche <span class=\"_ _12\"> </span>riguardan<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>le <span class=\"_ _12\"> </span>assu<span class=\"_ _1\"></span>nzioni <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>gli <span class=\"_ _7\"> </span>input <span class=\"_ _12\"> </span>utilizz<span class=\"_ _1\"></span>ati <span class=\"_ _7\"> </span>possono <span class=\"_ _12\"> </span>comport<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>modifiche signifi<span class=\"_ _1\"></span>cative rigua<span class=\"_ _1\"></span>rdan<span class=\"_ _1\"></span>ti il valor<span class=\"_ _1\"></span>e recuper<span class=\"_ _1\"></span>abile della C<span class=\"_ _1\"></span>GU.<span class=\"_ _41\"> </span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>CGU <span class=\"_ _4\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>manutenzi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>CGU <span class=\"_ _4\"></span>Soluzioni <span class=\"_ _5\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>AIM <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>finanziari <span class=\"_ _4\"></span>attualizz<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>f<span class=\"_ _1\"></span>anno<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _10\"> </span>ad  u<span class=\"_ _1\"></span>n  orizz<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span>  tempor<span class=\"_ _1\"></span>ale  di <span class=\"_ _10\"> </span>5  anni <span class=\"_ _10\"> </span>(2025  \u2013 <span class=\"_ _10\"> </span>2029)  e<span class=\"_ _1\"></span>  sono  tr<span class=\"_ _1\"></span>atti <span class=\"_ _10\"> </span>dal  Piano <span class=\"_ _10\"> </span>economic<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>finanziario <span class=\"_ _5\"></span>approv<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>dal <span class=\"_ _a\"></span>Consiglio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Amminis<span class=\"_ _1\"></span>trazione <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>rispettive <span class=\"_ _a\"></span>societ<span class=\"_ _1\"></span>\u00e0, <span class=\"_ _a\"></span>tenut<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>conto <span class=\"_ _5\"></span>anche <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>budget <span class=\"_ _4\"></span>appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>2026 <span class=\"_ _a\"></span>e <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>dati <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>consun<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>2025. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _5\"></span>flussi, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>previsione<span class=\"_ _41\"> </span>esplicit<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>so<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>ormula<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>sul<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>base <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>assunzioni <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>potetiche <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>associat<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>alle <span class=\"_ _b\"></span>aspettati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>evolutiv<span class=\"_ _4\"></span>e <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>business, <span class=\"_ _12\"> </span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>gli <span class=\"_ _12\"> </span>anni <span class=\"_ _c\"> </span>succe<span class=\"_ _1\"></span>ssivi <span class=\"_ _c\"> </span>al <span class=\"_ _12\"> </span>periodo <span class=\"_ _c\"> </span>es<span class=\"_ _1\"></span>plicito <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>engono <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>viluppat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>ipot<span class=\"_ _1\"></span>esi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>edditivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>enibile <span class=\"_ _9\"> </span>nel <span class=\"_ _9\"> </span>lungo <span class=\"_ _9\"> </span>periodo <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>consentir<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>continuit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>gestionale<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>(t<span class=\"_ _1\"></span>assi <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _9\"> </span>ed <span class=\"_ _9\"> </span>altri <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>attori<span class=\"_ _41\"> </span>ancor<span class=\"_ _1\"></span>ati a dinamiche<span class=\"_ _1\"></span> macro<span class=\"_ _1\"></span>economiche).<span class=\"_ _41\"> </span>Le ipotesi assun<span class=\"_ _1\"></span>te da parte della dire<span class=\"_ _1\"></span>zione aziendale con rife<span class=\"_ _1\"></span>rimento alla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima del flusso operativ<span class=\"_ _1\"></span>o netto<span class=\"_ _41\"> </span>\u201cnormalizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o\u201d sono le seg<span class=\"_ _1\"></span>uenti sia per <span class=\"_ _1\"></span>la CGU <span class=\"_ _1\"></span>servizi di manut<span class=\"_ _1\"></span>enzione che per <span class=\"_ _1\"></span>la C<span class=\"_ _1\"></span>GU Soluzioni softw<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>AIM:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">definizione di un <span class=\"_ _4\"></span>NOP<span class=\"_ _2\"></span>A<span class=\"_ _1\"></span>T (Net Opera<span class=\"_ _1\"></span>ting <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>rofit After T<span class=\"_ _6\"></span>ax<span class=\"_ _1\"></span>es) sviluppa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>sulla base degli ultimi <span class=\"_ _4\"></span>due anni<span class=\"_ _41\"> </span></span></span>di prev<span class=\"_ _1\"></span>isione esplicit<span class=\"_ _1\"></span>a (2028-2029);<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">ammorta<span class=\"_ _1\"></span>menti <span class=\"_ _25\"> </span>alli<span class=\"_ _1\"></span>neati <span class=\"_ _25\"> </span>agli <span class=\"_ _d\"> </span>inves<span class=\"_ _1\"></span>timenti <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>man<span class=\"_ _1\"></span>tenimen<span class=\"_ _1\"></span>to <span class=\"_ _25\"> </span>della <span class=\"_ _d\"> </span>dotazione <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _25\"> </span>fisso<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span></span></span>consider<span class=\"_ _1\"></span>ando anche la s<span class=\"_ _1\"></span>tima del rinnov<span class=\"_ _1\"></span>o del canone<span class=\"_ _1\"></span> di locazione per la<span class=\"_ _1\"></span> propria <span class=\"_ _1\"></span>sede (IFRS 16);<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">saldo di ca<span class=\"_ _1\"></span>pitale cir<span class=\"_ _1\"></span>colant<span class=\"_ _1\"></span>e pari a 0;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">il <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cre<span class=\"_ _1\"></span>scita <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cassa <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>esplicit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>perpetuit\u00e0<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span></span></span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminazione <span class=\"_ _4\"></span>del valore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>residuo <span class=\"_ _4\"></span>(ta<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>\u2018<span class=\"_ _6\"></span>g<span class=\"_ _4\"></span>\u2019), <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>stimat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>\u20191<span class=\"_ _4\"></span>,8% <span class=\"_ _4\"></span>(1<span class=\"_ _1\"></span>,7% <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>2024) in c<span class=\"_ _1\"></span>oerenz<span class=\"_ _1\"></span>a con le s<span class=\"_ _1\"></span>time di crescit<span class=\"_ _1\"></span>a dell\u2019inflazione per l\u2019It<span class=\"_ _1\"></span>alia.<span class=\"_ _41\"> </span>In <span class=\"_ _4\"></span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>stima <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>(g <span class=\"_ _4\"></span>ra<span class=\"_ _1\"></span>te) <span class=\"_ _4\"></span>rise<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>assunzioni <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lutazioni <span class=\"_ _4\"></span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>dalla <span class=\"_ _a\"></span>dire<span class=\"_ _1\"></span>zione <span class=\"_ _b\"></span>aziendale<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>quali <span class=\"_ _a\"></span>prendono<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>consider<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>input <span class=\"_ _a\"></span>inter<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>ed <span class=\"_ _a\"></span>est<span class=\"_ _1\"></span>erni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>inf<span class=\"_ _1\"></span>ormazioni,<span class=\"_ _41\"> </span>car<span class=\"_ _1\"></span>atte<span class=\"_ _1\"></span>rizza<span class=\"_ _1\"></span>ti ques<span class=\"_ _1\"></span>t<span class=\"_ _4\"></span>\u2019<span class=\"_ _1\"></span>ultimi <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>profili <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>incert<span class=\"_ _1\"></span>ezza<span class=\"_ _1\"></span>, ad<span class=\"_ _1\"></span> ese<span class=\"_ _1\"></span>mpio: <span class=\"_ _1\"></span>esame <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>budge<span class=\"_ _1\"></span>t an<span class=\"_ _1\"></span>nuale, <span class=\"_ _1\"></span>esame <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario di lungo <span class=\"_ _1\"></span>periodo ed analisi de<span class=\"_ _1\"></span>i principali indica<span class=\"_ _1\"></span>tori di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to.<span class=\"_ _41\"> </span>Nel <span class=\"_ _b\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _b\"></span>d\u2019<span class=\"_ _1\"></span>uso, <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>flu<span class=\"_ _1\"></span>ssi <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _9\"> </span>fut<span class=\"_ _1\"></span>uri <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttesi <span class=\"_ _b\"></span>sono <span class=\"_ _b\"> </span>attualizz<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>utilizzando <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>attuali<span class=\"_ _1\"></span>zzazione, la cui stima rise<span class=\"_ _1\"></span>nte di val<span class=\"_ _1\"></span>utazione ed assunzioni s<span class=\"_ _1\"></span>volte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>da part<span class=\"_ _1\"></span>e della direzione azie<span class=\"_ _1\"></span>ndale,<span class=\"_ _41\"> </span>e <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>riflette <span class=\"_ _a\"></span>le<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>valutazi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orrenti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>de<span class=\"_ _1\"></span>naro <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rischi <span class=\"_ _9\"> </span>specifi<span class=\"_ _1\"></span>ci <span class=\"_ _b\"> </span>dell\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0. <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span>n<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _1\"></span>d\u2019<span class=\"_ _6\"></span>attua<span class=\"_ _1\"></span>lizza<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ostruito<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>secondo <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>principali <span class=\"_ _6\"></span>seguenti <span class=\"_ _6\"></span>assunzioni: <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Free <span class=\"_ _6\"></span>Risk,<span class=\"_ _41\"> </span>il <span class=\"_ _a\"></span>Country <span class=\"_ _b\"></span>Risk <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>mium <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>mark<span class=\"_ _1\"></span>et <span class=\"_ _b\"></span>risk <span class=\"_ _a\"></span>premium <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>dete<span class=\"_ _1\"></span>rmin<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>base <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>dati <span class=\"_ _a\"></span>osservabili <span class=\"_ _a\"></span>sul<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, il Beta<span class=\"_ _1\"></span> in base ad una stima<span class=\"_ _1\"></span> determi<span class=\"_ _1\"></span>nata in ba<span class=\"_ _1\"></span>se ad un campione di <span class=\"_ _1\"></span>societ\u00e0 c<span class=\"_ _1\"></span>omparabil<span class=\"_ _1\"></span>i. Si rimanda alla<span class=\"_ _1\"></span> nota n.8 <span class=\"ff8\">A<span class=\"_ _1\"></span>ttivit\u00e0 Imm<span class=\"_ _1\"></span>ateriali<span class=\"ff2\"> per l\u2019inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a rel<span class=\"_ _1\"></span>ativa ai risult<span class=\"_ _1\"></span>ati d<span class=\"_ _1\"></span>el tes<span class=\"_ _1\"></span>t di <span class=\"_ _4\"></span><span class=\"ff8\">impairmen<span class=\"_ _1\"></span>t<span class=\"ff2\">.<span class=\"_ _41\"> </span></span></span></span></span>Determi<span class=\"_ _1\"></span>nazione delle vite <span class=\"_ _1\"></span>utili<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>ammortamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>mat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>ed immateriali viene <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>quote cost<span class=\"_ _1\"></span>anti <span class=\"_ _4\"></span>lungo la <span class=\"_ _4\"></span>vita utile<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>ta di ciascuna attivit<span class=\"_ _1\"></span>\u00e0. L<span class=\"_ _4\"></span>a vit<span class=\"_ _1\"></span>a utile economica \u00e8 dete<span class=\"_ _1\"></span>rminata nel moment<span class=\"_ _1\"></span>o in cui <span class=\"_ _4\"></span>le attivi<span class=\"_ _1\"></span>t\u00e0 vengono<span class=\"_ _41\"> </span>acquis<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _12\"> </span>basata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>sull\u2019<span class=\"_ _6\"></span>esperienz<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>storic<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>per <span class=\"_ _12\"> </span>analoghi <span class=\"_ _c\"> </span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti, <span class=\"_ _c\"> </span>condiz<span class=\"_ _1\"></span>ioni <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>e<span class=\"_ _41\"> </span>anticipazi<span class=\"_ _1\"></span>oni <span class=\"_ _12\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _7\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _7\"> </span>futuri <span class=\"_ _7\"> </span>che <span class=\"_ _12\"> </span>potr<span class=\"_ _1\"></span>ebber<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>av<span class=\"_ _1\"></span>ere  impatto <span class=\"_ _7\"> </span>sulla <span class=\"_ _7\"> </span>vita<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>utile. <span class=\"_ _7\"> </span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettiva  vita<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>a, <span class=\"_ _5\"></span>pertant<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>pu\u00f2 <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rire <span class=\"_ _4\"></span>dalla <span class=\"_ _5\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>utile <span class=\"_ _5\"></span>stima<span class=\"_ _1\"></span>ta. <span class=\"_ _5\"></span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>valut<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>annualmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>cam<span class=\"_ _4\"></span>biamenti<span class=\"_ _41\"> </span>tecnologi<span class=\"_ _1\"></span>ci  a<span class=\"_ _1\"></span>l  fine<span class=\"_ _1\"></span>  di <span class=\"_ _9\"> </span>aggiornare <span class=\"_ _9\"> </span>la <span class=\"_ _10\"> </span>vita <span class=\"_ _9\"> </span>utile <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>sidua. <span class=\"_ _10\"> </span>T<span class=\"_ _6\"></span>ale <span class=\"_ _9\"> </span>aggiornamento <span class=\"_ _9\"> </span>potre<span class=\"_ _1\"></span>bbe  c<span class=\"_ _1\"></span>omportar<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>una<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _12\"> </span>nel <span class=\"_ _12\"> </span>periodo <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>ammortament<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>quindi <span class=\"_ _7\"> </span>anche <span class=\"_ _12\"> </span>della <span class=\"_ _7\"> </span>quota <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>ammort<span class=\"_ _1\"></span>amento <span class=\"_ _7\"> </span>a <span class=\"_ _12\"> </span>caric<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio e di quelli futuri. Re<span class=\"_ _1\"></span>lativamen<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>alla <span class=\"_ _12\"> </span>vit<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>utile <span class=\"_ _12\"> </span>delle <span class=\"_ _7\"> </span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>immateria<span class=\"_ _1\"></span>li <span class=\"_ _12\"> </span>emer<span class=\"_ _1\"></span>se <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>della <span class=\"_ _12\"> </span>PP<span class=\"_ _6\"></span>A <span class=\"_ _12\"> </span>(<span class=\"ff8\">Purchase <span class=\"_ _7\"> </span>Price<span class=\"_ _41\"> </span></span>Allocation<span class=\"ff2\">) <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>IDS <span class=\"_ _4\"></span>AirNav<span class=\"_ _2\"></span>, <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>esse <span class=\"_ _a\"></span>sono <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>coerenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>criteri <span class=\"_ _5\"></span>utilizz<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>nell\u2019<span class=\"_ _6\"></span>ambito<span class=\"_ _41\"> </span></span>della v<span class=\"_ _1\"></span>alutazione del<span class=\"_ _1\"></span> <span class=\"ff8\">fair value</span> dei net ass<span class=\"_ _1\"></span>et acquisiti. Fondi rischi Il <span class=\"_ _6\"></span>Gru<span class=\"_ _4\"></span>ppo <span class=\"_ _6\"></span>iscrive <span class=\"_ _6\"></span>nei <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondi <span class=\"_ _1\"></span>rischi <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>probabili <span class=\"_ _6\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>riconducibili <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>verte<span class=\"_ _1\"></span>nze <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>tenziosi <span class=\"_ _6\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>personale<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornitori, t<span class=\"_ _1\"></span>erzi e, <span class=\"_ _1\"></span>in ge<span class=\"_ _1\"></span>nere, <span class=\"_ _1\"></span>gli altri <span class=\"_ _1\"></span>oneri deriv<span class=\"_ _1\"></span>anti da<span class=\"_ _1\"></span> obblig<span class=\"_ _1\"></span>azioni assun<span class=\"_ _1\"></span>te. I<span class=\"_ _1\"></span>l calc<span class=\"_ _1\"></span>olo degli <span class=\"_ _1\"></span>accant<span class=\"_ _1\"></span>onamenti<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>comport<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>assunzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>time <span class=\"_ _4\"></span>basat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>sulle <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti <span class=\"_ _4\"></span>cono<span class=\"_ _1\"></span>scenze <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>fa<span class=\"_ _1\"></span>ttori <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>potrebber<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>modificar<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>tempo, <span class=\"_ _5\"></span>potendo <span class=\"_ _a\"></span>ge<span class=\"_ _1\"></span>nerar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>esiti <span class=\"_ _a\"></span>finali <span class=\"_ _a\"></span>anche <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ig<span class=\"_ _1\"></span>nifica<span class=\"_ _1\"></span>tivament<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>quelli <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>nuti <span class=\"_ _a\"></span>in<span class=\"_ _41\"> </span>consider<span class=\"_ _1\"></span>azione nell<span class=\"_ _1\"></span>a redazione del Bila<span class=\"_ _1\"></span>ncio Consolidat<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Fond<span class=\"_ _1\"></span>o svalutazi<span class=\"_ _1\"></span>one crediti e f<span class=\"_ _1\"></span>ondo svalut<span class=\"_ _1\"></span>azione rimanenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Il <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alutazione <span class=\"_ _6\"></span>crediti <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>fondo <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>riflettono <span class=\"_ _1\"></span>rispettiv<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>stime <span class=\"_ _6\"></span>connesse<span class=\"_ _41\"> </span>alle per<span class=\"_ _1\"></span>dite sui <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editi del Gru<span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>po <span class=\"_ _4\"></span>in base al modello introdott<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dal principio IFR<span class=\"_ _1\"></span>S 9 <span class=\"_ _4\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span><span class=\"ff8\">Expected Credit<span class=\"_ _41\"> </span></span>Loss<span class=\"ff2\"> <span class=\"_ _9\"> </span>(EC<span class=\"_ _1\"></span>L) <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>stima <span class=\"_ _b\"> </span>delle <span class=\"_ _9\"> </span>parti <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>mbio <span class=\"_ _9\"> </span>divenut<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>obsolet<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>non <span class=\"_ _9\"> </span>pi\u00f9 <span class=\"_ _9\"> </span>utiliz<span class=\"_ _1\"></span>zabili<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>sugli <span class=\"_ _9\"> </span>impianti <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span></span>rif<span class=\"_ _1\"></span>erimento.<span class=\"_ _1\"></span> Il modello <span class=\"_ _4\"></span>di valu<span class=\"_ _1\"></span>tazione utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dal Gruppo <span class=\"_ _4\"></span>tiene con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dete<span class=\"_ _1\"></span>rioramen<span class=\"_ _1\"></span>to del <span class=\"_ _4\"></span>merit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editizio <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>panier<span class=\"_ _1\"></span>e di societ\u00e0 r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive del sett<span class=\"_ _1\"></span>ore del tr<span class=\"_ _1\"></span>asport<span class=\"_ _1\"></span>o aereo. Pur <span class=\"_ _a\"></span>ritenendo <span class=\"_ _a\"></span>congrui <span class=\"_ _b\"></span>i <span class=\"_ _a\"></span>fondi <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>argo<span class=\"_ _1\"></span>mento<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>ipotesi <span class=\"_ _a\"></span>diver<span class=\"_ _1\"></span>se <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>cambiament<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>condizioni<span class=\"_ _41\"> </span>economiche p<span class=\"_ _1\"></span>otrebber<span class=\"_ _1\"></span>o riflett<span class=\"_ _1\"></span>ersi in v<span class=\"_ _1\"></span>ariazioni e, quind<span class=\"_ _1\"></span>i, produrr<span class=\"_ _1\"></span>e un impatt<span class=\"_ _1\"></span>o sugli utili.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-570": {
   "value": "6.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Nuovi principi con<span class=\"_ _1\"></span>tabili, int<span class=\"_ _1\"></span>erpret<span class=\"_ _1\"></span>azioni e modifiche a<span class=\"_ _1\"></span>dottat<span class=\"_ _1\"></span>e dal Gruppo<span class=\"_ _41\"> </span></span>I principi <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>abili adott<span class=\"_ _1\"></span>ati p<span class=\"_ _1\"></span>er la r<span class=\"_ _1\"></span>edazione del<span class=\"_ _1\"></span> Bilancio <span class=\"_ _1\"></span>Consolidato <span class=\"_ _1\"></span>al 31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _1\"></span>sono con<span class=\"_ _1\"></span>formi <span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>quelli <span class=\"_ _12\"> </span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _c\"> </span>per <span class=\"_ _12\"> </span>la <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>edazione <span class=\"_ _c\"> </span>del <span class=\"_ _12\"> </span>Bilancio <span class=\"_ _12\"> </span>Consolidat<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>al <span class=\"_ _12\"> </span>31 <span class=\"_ _c\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>2024. <span class=\"_ _c\"> </span>Le <span class=\"_ _c\"> </span>mo<span class=\"_ _1\"></span>difiche <span class=\"_ _c\"> </span>ed<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>erpret<span class=\"_ _1\"></span>azioni <span class=\"_ _9\"> </span>che <span class=\"_ _b\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _b\"></span>applica<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>prima <span class=\"_ _9\"> </span>volt<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>2025 <span class=\"_ _9\"> </span>non <span class=\"_ _9\"> </span>hanno <span class=\"_ _b\"></span>prodo<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>impa<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>sul <span class=\"_ _9\"> </span>Bi<span class=\"_ _1\"></span>lancio<span class=\"_ _41\"> </span>Consolidat<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>Il Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>adottat<span class=\"_ _1\"></span>o an<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>lcun nu<span class=\"_ _1\"></span>ovo <span class=\"_ _1\"></span>principio<span class=\"_ _1\"></span>, i<span class=\"_ _1\"></span>nterpr<span class=\"_ _1\"></span>etazi<span class=\"_ _1\"></span>one o <span class=\"_ _6\"></span>modifica<span class=\"_ _41\"> </span>emesso ma non anc<span class=\"_ _1\"></span>ora in vi<span class=\"_ _1\"></span>gore. Nuovi  pr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>ncipi <span class=\"_ _7\"> </span>cont<span class=\"_ _1\"></span>abili,  modifiche <span class=\"_ _7\"> </span>ed <span class=\"_ _7\"> </span>inte<span class=\"_ _1\"></span>rpretazi<span class=\"_ _1\"></span>oni <span class=\"_ _7\"> </span>che <span class=\"_ _7\"> </span>non  hanno <span class=\"_ _7\"> </span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>impatti <span class=\"_ _7\"> </span>sul  Bilancio<span class=\"_ _41\"> </span>Consolidat<span class=\"_ _1\"></span>o del Gruppo Di  seguito  viene  riport<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _6\"></span>amendment<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>applicabil<span class=\"_ _1\"></span>e  al <span class=\"_ _7\"> </span>Gruppo<span class=\"_ _1\"></span>,  a  far  dat<span class=\"_ _1\"></span>a  dal  1\u00b0  gennaio  2025, <span class=\"_ _7\"> </span>ed<span class=\"_ _41\"> </span>improd<span class=\"_ _1\"></span>uttivo di impa<span class=\"_ _1\"></span>tti signific<span class=\"_ _1\"></span>ativi sul Bilancio Consoli<span class=\"_ _1\"></span>dato:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Amendment <span class=\"_ _5\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>IAS <span class=\"_ _5\"></span>21 <span class=\"_ _a\"></span>The <span class=\"_ _5\"></span>E<span class=\"_ _1\"></span>ffects <span class=\"_ _a\"></span>of <span class=\"_ _5\"></span>Changes <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>Forei<span class=\"_ _1\"></span>gn <span class=\"_ _a\"></span>Ex<span class=\"_ _1\"></span>change <span class=\"_ _5\"></span>Rates:<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>Lack <span class=\"_ _5\"></span>of <span class=\"_ _a\"></span>Ex<span class=\"_ _1\"></span>changeability<span class=\"ff2\"> <span class=\"_ _a\"></span>\u2013<span class=\"_ _41\"> </span></span></span></span>emesso <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span><span class=\"lsc\">15<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"_ _1\"></span>ag<span class=\"_ _1\"></span>osto <span class=\"_ _6\"></span>2023, <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>omolog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>12 <span class=\"_ _1\"></span>nov<span class=\"_ _1\"></span>embre <span class=\"_ _1\"></span>2024<span class=\"lse\">. <span class=\"_ _1\"></span><span class=\"ls0\">L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>emendamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>chiarisce <span class=\"_ _6\"></span>quando<span class=\"_ _41\"> </span></span></span></span></span>una <span class=\"_ _5\"></span>val<span class=\"_ _1\"></span>uta <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _5\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>vertita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>un\u2019<span class=\"_ _6\"></span>altr<span class=\"_ _1\"></span>a, <span class=\"_ _5\"></span>come <span class=\"_ _4\"></span>stimar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cambio <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>l\u2019informa<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornire <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>nota <span class=\"_ _a\"></span>inte<span class=\"_ _1\"></span>grativ<span class=\"_ _1\"></span>a. <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>modifica <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>vigore <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>1\u00b0 <span class=\"_ _a\"></span>gennaio <span class=\"_ _5\"></span>2025 <span class=\"_ _b\"></span>ma <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>ha <span class=\"_ _a\"></span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>cun<span class=\"_ _41\"> </span>impatt<span class=\"_ _1\"></span>o sul bilancio consoli<span class=\"_ _1\"></span>dato.<span class=\"_ _41\"> </span>Nuovi <span class=\"_ _9\"> </span>principi <span class=\"_ _10\"> </span>con<span class=\"_ _1\"></span>tabili,<span class=\"_ _1\"></span>  in<span class=\"_ _1\"></span>terpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>modifiche<span class=\"_ _1\"></span>  non <span class=\"_ _9\"> </span>ancora<span class=\"_ _1\"></span>  a<span class=\"_ _1\"></span>pplicabili <span class=\"_ _9\"> </span>in <span class=\"_ _10\"> </span>quant<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>non <span class=\"_ _9\"> </span>omologa<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>dall\u2019Unione Eur<span class=\"_ _1\"></span>opea<span class=\"_ _41\"> </span>Di seguit<span class=\"_ _1\"></span>o viene <span class=\"_ _1\"></span>riportat<span class=\"_ _1\"></span>o un el<span class=\"_ _1\"></span>enco dei nu<span class=\"_ _1\"></span>ovi principi <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>abili, modifi<span class=\"_ _1\"></span>che ed int<span class=\"_ _1\"></span>erpr<span class=\"_ _1\"></span>etazioni <span class=\"_ _1\"></span>che sar<span class=\"_ _1\"></span>anno<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>dal Gruppo <span class=\"_ _4\"></span>negli esercizi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>successivi all\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _4\"></span>chiu<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>3<span class=\"_ _1\"></span>1 <span class=\"_ _4\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5, di <span class=\"_ _4\"></span>cui il <span class=\"_ _4\"></span>Gruppo ne<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>uter\u00e0<span class=\"_ _1\"></span> la sussiste<span class=\"_ _1\"></span>nza di ev<span class=\"_ _1\"></span>entuali impa<span class=\"_ _1\"></span>tti attesi in <span class=\"_ _1\"></span>sede di prima adozi<span class=\"_ _1\"></span>one<span class=\"lsd\">: </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">IFRS 19<span class=\"_ _1\"></span> Subsidiaries with<span class=\"_ _1\"></span>out Public A<span class=\"_ _1\"></span>ccount<span class=\"_ _1\"></span>ability:<span class=\"ff2\"> Disclosure<span class=\"_ _1\"></span>s \u2013 emesso il 9 maggi<span class=\"_ _1\"></span>o 2024, in att<span class=\"_ _1\"></span>esa di<span class=\"_ _41\"> </span></span></span></span>omolog<span class=\"_ _1\"></span>azione. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _6\"></span>principio <span class=\"_ _6\"></span>consentir<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>Contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>rid<span class=\"_ _1\"></span>urre <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>redazione <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>bilanci.<span class=\"_ _41\"> </span>Inf<span class=\"_ _1\"></span>atti, <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>P<span class=\"_ _1\"></span>arent <span class=\"_ _4\"></span>Compan<span class=\"_ _1\"></span>y <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>edige <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _4\"></span>conf<span class=\"_ _1\"></span>orme <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>I<span class=\"_ _4\"></span>FR<span class=\"_ _1\"></span>S, <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>lla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orniranno <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>essa <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>reporting <span class=\"_ _4\"></span>IFR<span class=\"_ _1\"></span>S. <span class=\"_ _4\"></span>T<span class=\"_ _1\"></span>utt<span class=\"_ _1\"></span>avia,<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>propri <span class=\"_ _4\"></span>bilanci <span class=\"_ _4\"></span>separ<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>possono<span class=\"_ _41\"> </span>utilizz<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>IFRS, <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>PMI <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>abili <span class=\"_ _a\"></span>nazionali. <span class=\"_ _a\"></span>Poich\u00e9<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>tal<span class=\"_ _1\"></span>volta <span class=\"_ _a\"></span>le <span class=\"_ _b\"></span>inf<span class=\"_ _1\"></span>ormazioni<span class=\"_ _41\"> </span>richies<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>ollate<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>principi <span class=\"_ _4\"></span>IFRS <span class=\"_ _4\"></span>potr<span class=\"_ _1\"></span>ebbero <span class=\"_ _4\"></span>ri<span class=\"_ _1\"></span>sultare<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>oporziona<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>rispett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>alle esigenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>ormative <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>ei <span class=\"_ _4\"></span>propri utenti, l\u2019intro<span class=\"_ _1\"></span>duzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>principio consentir<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Contr<span class=\"_ _1\"></span>ollate<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>utilizza<span class=\"_ _1\"></span>re <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>unico <span class=\"_ _5\"></span>set <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>registr<span class=\"_ _1\"></span>azioni <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>abili <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>riduzione <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>requisiti <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>informa<span class=\"_ _1\"></span>tiva. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ale<span class=\"_ _41\"> </span>principio sar\u00e0 applicabile<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dalle societ\u00e0 <span class=\"_ _4\"></span>Co<span class=\"_ _1\"></span>ntroll<span class=\"_ _1\"></span>ate che <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>han<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>sponsabilit\u00e0 pubblica<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>qualora<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>Pa<span class=\"_ _1\"></span>rent <span class=\"_ _9\"> </span>Com<span class=\"_ _1\"></span>pany <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>tilizzi <span class=\"_ _9\"> </span>gli <span class=\"_ _9\"> </span>IF<span class=\"_ _1\"></span>RS <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>la<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>redazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>consolida<span class=\"_ _1\"></span>to. <span class=\"_ _9\"> </span>Il <span class=\"_ _9\"> </span>nuovo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>principio <span class=\"_ _9\"> </span>sa<span class=\"_ _1\"></span>r\u00e0<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>bile, previa<span class=\"_ _1\"></span> omologazi<span class=\"_ _1\"></span>one, a partire dal 1<span class=\"_ _1\"></span>\u00b0 gennaio 2027;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Amendments <span class=\"_ _25\"> </span>IAS <span class=\"_ _17\"> </span>21 <span class=\"_ _17\"> </span>The <span class=\"_ _17\"> </span>E<span class=\"_ _1\"></span>ffects <span class=\"_ _25\"> </span>o<span class=\"_ _4\"></span>f <span class=\"_ _25\"> </span>Changes <span class=\"_ _17\"> </span>in <span class=\"_ _25\"> </span>Foreign <span class=\"_ _25\"> </span>Exchange <span class=\"_ _25\"> </span>Rate<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span><span class=\"ff2\">: <span class=\"_ _25\"> </span></span>T<span class=\"_ _1\"></span>ranslation <span class=\"_ _25\"> </span>to <span class=\"_ _25\"> </span>a<span class=\"_ _41\"> </span></span></span>Hyperinflationa<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>y <span class=\"_ _4\"></span>Presen<span class=\"_ _1\"></span>tation <span class=\"_ _4\"></span>Currency <span class=\"_ _5\"></span><span class=\"ff2\">\u2013 <span class=\"_ _5\"></span>emesso <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>13 <span class=\"_ _5\"></span>novem<span class=\"_ _1\"></span>bre <span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>25, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>attesa<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>omologazione.<span class=\"_ _41\"> </span></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _d\"> </span>modifica <span class=\"_ _d\"> </span>chiarisce <span class=\"_ _d\"> </span>come <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _25\"> </span>d<span class=\"_ _1\"></span>ovrebber<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>c<span class=\"_ _1\"></span>onve<span class=\"_ _1\"></span>rtire <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>bilanci <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>un<span class=\"_ _4\"></span>a <span class=\"_ _c\"> </span>valuta <span class=\"_ _d\"> </span>non<span class=\"_ _41\"> </span>iperinfla<span class=\"_ _1\"></span>zionata <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>una <span class=\"_ _6\"></span>valuta<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>iperinflazi<span class=\"_ _1\"></span>onata. <span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>modifiche <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ar<span class=\"_ _1\"></span>anno <span class=\"_ _1\"></span>applic<span class=\"_ _1\"></span>abili, <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>evia <span class=\"_ _6\"></span>omologazi<span class=\"_ _1\"></span>one,<span class=\"_ _41\"> </span>a partire<span class=\"_ _1\"></span> dal 1\u00b0 gennaio <span class=\"_ _1\"></span>2027;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff8\">Amendments<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>IFRS <span class=\"_ _a\"></span>19 <span class=\"_ _a\"></span>Subsidiaries <span class=\"_ _a\"></span>without <span class=\"_ _a\"></span>Publi<span class=\"_ _1\"></span>c <span class=\"_ _b\"></span>Acco<span class=\"_ _1\"></span>untability: <span class=\"_ _a\"></span>Disclosure<span class=\"_ _1\"></span>s <span class=\"_ _9\"> </span><span class=\"ff2\">\u2013<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>emesso <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>2<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>agost<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span></span>2025, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>attesa <span class=\"_ _a\"></span>di <span class=\"_ _9\"> </span>omolog<span class=\"_ _1\"></span>azione. <span class=\"_ _a\"></span>Con <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _b\"></span>modifica <span class=\"_ _b\"></span>lo <span class=\"_ _b\"></span>IASB <span class=\"_ _b\"></span>chiarisce <span class=\"_ _b\"></span>che <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>lla <span class=\"_ _b\"></span>data <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>emissione <span class=\"_ _b\"></span>a<span class=\"_ _41\"> </span>maggio 2024 di IFRS 19 i re<span class=\"_ _1\"></span>quisiti di inf<span class=\"_ _1\"></span>ormativa<span class=\"_ _1\"></span> ridotti riguarda<span class=\"_ _1\"></span>vano i principi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abili IFRS vigen<span class=\"_ _1\"></span>ti al<span class=\"_ _41\"> </span>28 <span class=\"_ _5\"></span>fe<span class=\"_ _1\"></span>bbraio <span class=\"_ _4\"></span>2021. <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _5\"></span>nuovo <span class=\"_ _5\"></span>emendament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>chiarisce<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>requi<span class=\"_ _1\"></span>siti <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>previ<span class=\"_ _1\"></span>sti <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>alle<span class=\"_ _41\"> </span>modifiche <span class=\"_ _9\"> </span>ed  in<span class=\"_ _1\"></span>tegra<span class=\"_ _1\"></span>zioni  i<span class=\"_ _1\"></span>ntervenute<span class=\"_ _1\"></span>  tr<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>ebbraio <span class=\"_ _9\"> </span>2021  e<span class=\"_ _1\"></span>  maggio <span class=\"_ _9\"> </span>2024.  T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>i  modifiche<span class=\"_ _1\"></span>  sar<span class=\"_ _1\"></span>anno<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>bili, previa omolog<span class=\"_ _1\"></span>azione, a pa<span class=\"_ _1\"></span>rtire dal 1<span class=\"_ _1\"></span>\u00b0 gennaio 2027.<span class=\"_ _41\"> </span>Principi c<span class=\"_ _1\"></span>ontabil<span class=\"_ _1\"></span>i omologa<span class=\"_ _1\"></span>ti dall\u2019Unione Eur<span class=\"_ _1\"></span>opea, ma non anc<span class=\"_ _1\"></span>ora a<span class=\"_ _1\"></span>pplicabili.<span class=\"fc0\"> </span>Alla dat<span class=\"_ _1\"></span>a di appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>zione del Bi<span class=\"_ _1\"></span>lancio consolida<span class=\"_ _1\"></span>to al 31<span class=\"_ _1\"></span> dicembre<span class=\"_ _1\"></span> 2025, gli or<span class=\"_ _1\"></span>gani c<span class=\"_ _1\"></span>ompeten<span class=\"_ _1\"></span>ti dell\u2019Unione<span class=\"_ _41\"> </span>Europea<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>hanno <span class=\"_ _a\"></span>omologat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>seguenti <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>emendamen<span class=\"_ _1\"></span>ti, <span class=\"_ _a\"></span>ma <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>sono <span class=\"_ _b\"></span>ancor<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>adotta<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>dal<span class=\"_ _41\"> </span>Gruppo.  \u25aa<span class=\"ff9\"> <span class=\"_ _3b\"> </span><span class=\"ff8\">Amendment <span class=\"_ _1\"></span>to IF<span class=\"_ _1\"></span>RS 9 <span class=\"_ _1\"></span>and IFR<span class=\"_ _1\"></span>S 7:<span class=\"ff2\"> </span>Classifi<span class=\"_ _1\"></span>cation and <span class=\"_ _1\"></span>Measurement <span class=\"_ _1\"></span>of Financial <span class=\"_ _1\"></span>Instr<span class=\"_ _1\"></span>uments<span class=\"ff2\"> \u2013 emesso<span class=\"_ _41\"> </span></span></span></span>il 30 <span class=\"_ _4\"></span>maggio 2024 e <span class=\"_ _4\"></span>omolo<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il 27 maggio <span class=\"_ _4\"></span>2025.<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ali modifiche hanno principalmente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la finalit\u00e0 di<span class=\"_ _41\"> </span>chiarir<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>classificazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>finanziarie <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>cara<span class=\"_ _1\"></span>tteris<span class=\"_ _1\"></span>tiche <span class=\"_ _5\"></span>ESG <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>simili, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>ttori<span class=\"_ _41\"> </span>ESG <span class=\"_ _4\"></span>potr<span class=\"_ _1\"></span>ebbero <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>fluenzar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>stiti <span class=\"_ _4\"></span>quando <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>essi <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>misur<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>ammortizz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fair<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>ue,  f<span class=\"_ _1\"></span>ornendo<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>delle <span class=\"_ _9\"> </span>indic<span class=\"_ _1\"></span>azioni <span class=\"_ _10\"> </span>su <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>dovr<span class=\"_ _1\"></span>ebbero <span class=\"_ _9\"> </span>esser<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lutati <span class=\"_ _9\"> </span>i <span class=\"_ _10\"> </span>flussi<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>ttuali <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>u<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>tali<span class=\"_ _41\"> </span>tipologie <span class=\"_ _4\"></span>di finanziament<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>Inoltr<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>intr<span class=\"_ _1\"></span>odotte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>alcune <span class=\"_ _4\"></span>linee<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>guida <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>passivit\u00e0<span class=\"_ _1\"></span>  tramit<span class=\"_ _1\"></span>e  l\u2019<span class=\"_ _1\"></span>uso  di <span class=\"_ _10\"> </span>sis<span class=\"_ _1\"></span>temi  di  pag<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o  elettr<span class=\"_ _1\"></span>onici,  chiar<span class=\"_ _1\"></span>endo  la <span class=\"_ _10\"> </span>dat<span class=\"_ _1\"></span>a  in <span class=\"_ _10\"> </span>cui  \u00e8 <span class=\"_ _10\"> </span>possibile<span class=\"_ _41\"> </span>procede<span class=\"_ _1\"></span>re  con  la <span class=\"_ _10\"> </span>dere<span class=\"_ _1\"></span>cognition  di  un\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0  e/<span class=\"_ _1\"></span>o  di  una  passivit<span class=\"_ _1\"></span>\u00e0.  Sono  st<span class=\"_ _1\"></span>ati  inoltr<span class=\"_ _1\"></span>e  ampliati  i<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>abbisogni <span class=\"_ _7\"> </span>di  disclosur<span class=\"_ _1\"></span>e  atti  a <span class=\"_ _7\"> </span>gar<span class=\"_ _1\"></span>antir<span class=\"_ _1\"></span>e  la <span class=\"_ _7\"> </span>tr<span class=\"_ _1\"></span>asparenz<span class=\"_ _1\"></span>a  verso  gli  sta<span class=\"_ _1\"></span>k<span class=\"_ _1\"></span>eholder  rela<span class=\"_ _1\"></span>tivament<span class=\"_ _1\"></span>e  agl<span class=\"_ _4\"></span>i<span class=\"_ _41\"> </span>strumen<span class=\"_ _1\"></span>ti r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tativi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>capital<span class=\"_ _1\"></span>e va<span class=\"_ _1\"></span>lutati <span class=\"_ _1\"></span>al f<span class=\"_ _1\"></span>air v<span class=\"_ _1\"></span>alue thr<span class=\"_ _1\"></span>ough OCI <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>car<span class=\"_ _1\"></span>atteris<span class=\"_ _1\"></span>tiche c<span class=\"_ _1\"></span>ontingenti<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>quali <span class=\"_ _4\"></span>gli <span class=\"_ _5\"></span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _4\"></span>connessi <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>obiettivi <span class=\"_ _4\"></span>ESG. <span class=\"_ _4\"></span>L<span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>suddett<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>modifiche <span class=\"_ _4\"></span>saranno <span class=\"_ _5\"></span>applic<span class=\"_ _1\"></span>abili <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>partire<span class=\"_ _41\"> </span>dal 1\u00b0 gennaio <span class=\"_ _1\"></span>2026 ed \u00e8 conce<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a l\u2019<span class=\"_ _2\"></span>adozione an<span class=\"_ _1\"></span>ticipata<span class=\"_ _1\"></span>;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _3b\"> </span><span class=\"ff8\">Annual I<span class=\"_ _1\"></span>mprovement<span class=\"_ _1\"></span>s V<span class=\"_ _1\"></span>olume <span class=\"_ _1\"></span>11<span class=\"ff2\"> \u2013 emes<span class=\"_ _1\"></span>so il 1<span class=\"_ _1\"></span>8 luglio <span class=\"_ _1\"></span>2024 e o<span class=\"_ _1\"></span>mologa<span class=\"_ _1\"></span>to il <span class=\"_ _1\"></span>9 luglio<span class=\"_ _1\"></span> 2025. T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> ciclo <span class=\"_ _1\"></span>di<span class=\"_ _41\"> </span></span></span></span>impro<span class=\"_ _1\"></span>vement<span class=\"_ _1\"></span>s <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>opone <span class=\"_ _5\"></span>modifiche <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>bili <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>pr<span class=\"_ _4\"></span>incipi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>disciplinando <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>ttispecie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>hedge<span class=\"_ _41\"> </span>accoun<span class=\"_ _1\"></span>ting <span class=\"_ _9\"> </span>per <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>fir<span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>-time <span class=\"_ _b\"></span>adopter <span class=\"_ _b\"></span>(IFRS <span class=\"_ _b\"></span>1), <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>disclosure <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>endere <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ermini <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>ain <span class=\"_ _9\"> </span>or <span class=\"_ _b\"></span>loss<span class=\"_ _41\"> </span>deriva<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>dalla <span class=\"_ _5\"></span>derec<span class=\"_ _1\"></span>ogniti<span class=\"_ _4\"></span>on <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>strume<span class=\"_ _1\"></span>nti <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>(IFR<span class=\"_ _1\"></span>S <span class=\"_ _b\"></span>7) <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>l\u2019intr<span class=\"_ _1\"></span>oduzione <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>guidance <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span>l\u2019implement<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _a\"></span>7, <span class=\"_ _5\"></span>taluni <span class=\"_ _5\"></span>chiarimen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>dericognition <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>lease <span class=\"_ _5\"></span>liabili<span class=\"_ _1\"></span>ties <span class=\"_ _a\"></span>(IFRS <span class=\"_ _5\"></span>9),<span class=\"_ _41\"> </span>l\u2019identific<span class=\"_ _1\"></span>azione  dell\u2019<span class=\"_ _2\"></span>agente  di <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>atto  ne<span class=\"_ _1\"></span>lla  val<span class=\"_ _1\"></span>utazione <span class=\"_ _10\"> </span>del  r<span class=\"_ _1\"></span>equisito <span class=\"_ _10\"> </span>del  c<span class=\"_ _1\"></span>ontroll<span class=\"_ _1\"></span>o  nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o  del<span class=\"_ _41\"> </span>bilancio <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>to (<span class=\"_ _1\"></span>IFRS <span class=\"_ _1\"></span>10) <span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>splicitazione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>cost <span class=\"_ _1\"></span>method<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>ambito <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>ment <span class=\"_ _1\"></span>of ca<span class=\"_ _1\"></span>sh fl<span class=\"_ _1\"></span>ow (I<span class=\"_ _1\"></span>AS<span class=\"_ _41\"> </span>7). Le suddett<span class=\"_ _1\"></span>e modifiche s<span class=\"_ _1\"></span>aranno appli<span class=\"_ _1\"></span>cabili a partir<span class=\"_ _1\"></span>e dal 1\u00b0 gennaio 202<span class=\"_ _1\"></span>6;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _3b\"> </span><span class=\"ff8\">Amendment t<span class=\"_ _1\"></span>o IFRS 9 and IFRS 7:<span class=\"ff2\"> </span>Contracts R<span class=\"_ _1\"></span>efere<span class=\"_ _1\"></span>ncing Nature-dependent Elec<span class=\"_ _1\"></span>tricity<span class=\"ff2\"> \u2013 <span class=\"_ _4\"></span>emes<span class=\"_ _1\"></span>so il 18<span class=\"_ _41\"> </span></span></span></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2024 <span class=\"_ _4\"></span>e omologa<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>il 30 <span class=\"_ _4\"></span>giugno 2025. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ali modifiche riguardano <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>peculiarit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atti<span class=\"_ _41\"> </span>elettrici <span class=\"_ _a\"></span>ancor<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>onti <span class=\"_ _a\"></span>rinnovabil<span class=\"_ _1\"></span>i, <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>quantit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>energi<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _a\"></span>varia<span class=\"_ _1\"></span>re <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>a<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>attori  non <span class=\"_ _12\"> </span>c<span class=\"_ _1\"></span>ontrollabil<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>quali <span class=\"_ _7\"> </span>le <span class=\"_ _7\"> </span>condizioni<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>met<span class=\"_ _1\"></span>ereologiche<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>(es.  energia<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>solar<span class=\"_ _1\"></span>e, <span class=\"_ _7\"> </span>eolica, <span class=\"_ _7\"> </span>etc)<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span> <span class=\"_ _7\"> </span>Le<span class=\"_ _41\"> </span>modifiche <span class=\"_ _1\"></span>introduc<span class=\"_ _1\"></span>ono u<span class=\"_ _1\"></span>n chiarimen<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>applicazi<span class=\"_ _1\"></span>one dei r<span class=\"_ _1\"></span>equisiti <span class=\"_ _1\"></span>di own <span class=\"_ _1\"></span>use e <span class=\"_ _1\"></span>disciplinano <span class=\"_ _1\"></span>l\u2019hedge<span class=\"_ _41\"> </span>accoun<span class=\"_ _1\"></span>ting <span class=\"_ _9\"> </span>qual<span class=\"_ _1\"></span>ora <span class=\"_ _b\"></span>tali <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _b\"></span>siano <span class=\"_ _b\"> </span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>com<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>trumenti <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>pertura, <span class=\"_ _b\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>ad <span class=\"_ _b\"></span>intr<span class=\"_ _1\"></span>odurre<span class=\"_ _41\"> </span>taluni<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>requisiti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>infor<span class=\"_ _1\"></span>mativ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>consentir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>agl<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>vestit<span class=\"_ _1\"></span>ori <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>compre<span class=\"_ _1\"></span>ndere <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>tali <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _41\"> </span>sulle <span class=\"_ _1\"></span>performance<span class=\"_ _1\"></span> aziendal<span class=\"_ _1\"></span>i.<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>Le suddett<span class=\"_ _1\"></span>e mo<span class=\"_ _1\"></span>difiche sar<span class=\"_ _1\"></span>anno <span class=\"_ _1\"></span>applicabili <span class=\"_ _1\"></span>a partir<span class=\"_ _1\"></span>e dal<span class=\"_ _1\"></span> 1\u00b0 g<span class=\"_ _1\"></span>ennaio <span class=\"_ _1\"></span>20<span class=\"_ _4\"></span>2<span class=\"_ _1\"></span>6,<span class=\"_ _41\"> </span>ed \u00e8 conces<span class=\"_ _1\"></span>sa l\u2019<span class=\"_ _6\"></span>early adoption.<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _30\"> </span><span class=\"ff8\">IFRS <span class=\"_ _4\"></span>18 <span class=\"_ _4\"></span>Prese<span class=\"_ _1\"></span>ntation and <span class=\"_ _4\"></span>Disclosure <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>Fin<span class=\"_ _1\"></span>ancial <span class=\"_ _4\"></span>State<span class=\"_ _1\"></span>ments <span class=\"_ _4\"></span><span class=\"ff2\">\u2013 <span class=\"_ _4\"></span>emesso <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>9 <span class=\"_ _4\"></span>april<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2024, <span class=\"_ _4\"></span>omolog<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span></span></span></span>13 fe<span class=\"_ _1\"></span>bbraio 2026. Si tra<span class=\"_ _1\"></span>tta dello st<span class=\"_ _1\"></span>andard che sos<span class=\"_ _1\"></span>tituir\u00e0 lo IAS 1, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on lo <span class=\"_ _4\"></span>sc<span class=\"_ _1\"></span>opo di fornir<span class=\"_ _1\"></span>e informazi<span class=\"_ _1\"></span>oni<span class=\"_ _41\"> </span>pi\u00f9 traspar<span class=\"_ _1\"></span>enti e compar<span class=\"_ _1\"></span>abili sulla perf<span class=\"_ _1\"></span>ormance finanziaria della<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>societ<span class=\"_ _1\"></span>\u00e0. In particolar<span class=\"_ _1\"></span>e, gli interventi<span class=\"_ _41\"> </span>sono  a<span class=\"_ _1\"></span>tti  a <span class=\"_ _9\"> </span>migliorar<span class=\"_ _1\"></span>e  la<span class=\"_ _1\"></span>  compar<span class=\"_ _1\"></span>abilit\u00e0 <span class=\"_ _9\"> </span>nel  con<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>avor<span class=\"_ _1\"></span>endo  la<span class=\"_ _1\"></span>  st<span class=\"_ _1\"></span>andar<span class=\"_ _1\"></span>dizzazi<span class=\"_ _1\"></span>one  di<span class=\"_ _41\"> </span>subtot<span class=\"_ _1\"></span>ali  e<span class=\"_ _1\"></span>  parziali <span class=\"_ _10\"> </span>definiti<span class=\"_ _1\"></span>,  maggiore<span class=\"_ _1\"></span>  tra<span class=\"_ _1\"></span>sparenz<span class=\"_ _1\"></span>a  ne<span class=\"_ _1\"></span>lla  defi<span class=\"_ _1\"></span>nizione  degli<span class=\"_ _1\"></span>  indica<span class=\"_ _1\"></span>tori <span class=\"_ _10\"> </span>alte<span class=\"_ _1\"></span>rnativi  di<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance  e<span class=\"_ _1\"></span>d  un <span class=\"_ _10\"> </span>raggru<span class=\"_ _1\"></span>ppamento <span class=\"_ _9\"> </span>pi\u00f9  utile <span class=\"_ _10\"> </span>delle<span class=\"_ _1\"></span>  inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>bilancio<span class=\"_ _1\"></span>,  al <span class=\"_ _10\"> </span>fine <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>evit<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>eccessivamen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>s<span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>tetica<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>dettagli<span class=\"_ _1\"></span>ata. <span class=\"_ _12\"> </span>Il <span class=\"_ _c\"> </span>nuovo <span class=\"_ _c\"> </span>principio <span class=\"_ _12\"> </span>sar\u00e0 <span class=\"_ _12\"> </span>applicabile<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>previa<span class=\"_ _41\"> </span>omolog<span class=\"_ _1\"></span>azione, a partire da<span class=\"_ _1\"></span>l 1\u00b0 gennaio 2<span class=\"_ _1\"></span>027 ed \u00e8 conce<span class=\"_ _1\"></span>ssa l\u2019<span class=\"_ _6\"></span>adozione anticipa<span class=\"_ _1\"></span>ta. Il <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>v<span class=\"_ _1\"></span>alutando <span class=\"_ _9\"> </span>gli<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>applic<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>suddetti <span class=\"_ _9\"> </span>principi <span class=\"_ _9\"> </span>potre<span class=\"_ _1\"></span>bbe <span class=\"_ _9\"> </span>ave<span class=\"_ _1\"></span>re <span class=\"_ _9\"> </span>sul <span class=\"_ _9\"> </span>proprio<span class=\"_ _41\"> </span>Bilancio <span class=\"_ _4\"></span>Cons<span class=\"_ _4\"></span>oli<span class=\"_ _1\"></span>dato <span class=\"_ _5\"></span>e, <span class=\"_ _5\"></span>in <span class=\"_ _a\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _5\"></span>quelli <span class=\"_ _5\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _5\"></span>dall\u2019introduzione <span class=\"_ _4\"></span>dell\u2019IFRS <span class=\"_ _4\"></span>18 <span class=\"_ _a\"></span>con <span class=\"_ _4\"></span>riferimen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>alla<span class=\"_ _41\"> </span>struttur<span class=\"_ _1\"></span>a del conto econo<span class=\"_ _1\"></span>mico del Gruppo, al rendic<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ario <span class=\"_ _4\"></span>e alle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ulte<span class=\"_ _1\"></span>riori <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>formazioni richies<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>in <span class=\"_ _5\"></span>relazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u201c<span class=\"ff8\">managemen<span class=\"_ _1\"></span>t <span class=\"_ _5\"></span>performance <span class=\"_ _4\"></span>measures<span class=\"ff2\">\u201d <span class=\"_ _5\"></span>(\u201cMPMs\u201d), <span class=\"_ _4\"></span>nonch\u00e9 <span class=\"_ _5\"></span>all\u2019impatt<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>modalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span></span></span>prese<span class=\"_ _1\"></span>ntazione del<span class=\"_ _1\"></span>le inf<span class=\"_ _1\"></span>ormazioni nel bilancio.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-571": {
   "value": "7.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Attivit\u00e0<span class=\"_ _1\"></span> materiali<span class=\"_ _41\"> </span></span><span class=\"ls0\"><span class=\"ff3\"> </span></span>Di <span class=\"_ _5\"></span>seguito <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>riporta<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>tabella <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>materiali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _a\"></span>2025 <span class=\"_ _4\"></span>rispetto<span class=\"_ _41\"> </span> all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio prece<span class=\"_ _1\"></span>dente:<span class=\"ff3\"> </span><table class=\"s w335 h71b\" id=\"_1ded737d-9ad5-4e96-bde1-210101c32586\"><tr><td></td><td></td><td></td><td class=\"c x24f y1542 w336 h71c\"><div class=\"t m0 x1fd hbd y1541 ff6 fs9 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezza<span class=\"_ _1\"></span>ture<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x250 y1543 w337 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x251 y1544 w338 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erreni e<span class=\"_ _41\"> </span></div></td><td class=\"c x252 y1544 w339 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Impianti e<span class=\"_ _41\"> </span></div></td><td class=\"c x253 y1544 w33a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ind.li e<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x254 y1544 w33b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">material<span class=\"_ _1\"></span>i in<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x255 y1545 w33c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x256 y1545 w33d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">macchinari<span class=\"_ _41\"> </span></div></td><td class=\"c x257 y1545 w33e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">comm.li<span class=\"_ _41\"> </span></div></td><td class=\"c x258 y1546 w1b3 h13f\"><div class=\"t m0 x48 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1\"> </span></div></td><td class=\"c x259 y1545 w33f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corso<span class=\"_ _41\"> </span></div></td><td class=\"c x25a y1546 w1b1 h13f\"><div class=\"t m0 x51 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x23a y1547 w1b0 h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1547 w1b1 h31\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">571.133<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1547 w1b2 h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.030.420<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1547 w113 h31\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">273.645<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1547 w1b3 h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">347.700<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1547 w1b4 h31\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">298.771<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1547 w1b1 h31\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.521.669<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1548 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1548 w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(321.374)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1548 w1b2 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.814.342)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1548 w113 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(244.055)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1548 w1b3 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(319.062)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1548 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1548 w1b1 h2c\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.698.833)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1549 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 01.01.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1549 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">249.759<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y1549 w1b2 h2c\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">216.078<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1549 w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">29.590<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y1549 w1b3 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">28.638<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y1549 w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">298.771<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y1549 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">822.836<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y154a w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154a w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.885<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154a w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.324<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154a w113 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.458<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154a w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.697<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154a w1b4 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">103.974<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154a w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">223.338<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154b w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154b w1b1 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.778)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154b w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.124)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154b w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.137)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154b w1b3 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.089)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154b w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154b w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(14.128)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154c w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154c w1b1 h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.768<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154c w1b2 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.124<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154c w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.137<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154c w1b3 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.047<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154c w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154c w1b1 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.076<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154d w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154d w1b1 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154d w1b2 h2c\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154d w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154d w1b3 h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154d w1b4 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(119.364)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154d w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(119.364)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154e w1b0 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154e w1b1 h2c\"><div class=\"t m0 x40 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154e w1b2 h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(60)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154e w113 h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154e w1b3 h2c\"><div class=\"t m0 x4a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154e w1b4 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(7.141)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154e w1b1 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(7.201)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154f w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154f w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(23.997)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154f w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(66.058)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154f w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.362)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154f w1b3 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(11.783)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154f w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154f w1b1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(109.200)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1550 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1550 w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(6.122)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1550 w1b2 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">21.206<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1550 w113 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.904)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1550 w1b3 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.128)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1550 w1b4 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.531)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1550 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(12.479)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1551 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1551 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">587.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1551 w1b2 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.112.510<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1551 w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">273.966<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1551 w1b3 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">354.308<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1551 w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">276.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1551 w1b1 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.604.264<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1552 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1552 w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(343.603)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1552 w1b2 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.875.226)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1552 w113 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(248.280)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1552 w1b3 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(326.798)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1552 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1552 w1b1 h2c\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.793.907)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1553 w1b0 h38\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1553 w1b1 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">243.637<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y1553 w1b2 h38\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">237.284<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1553 w113 h38\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">25.686<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y1553 w1b3 h38\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.510<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y1553 w1b4 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">276.240<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y1553 w1b1 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">810.357<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1554 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1554 w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.576<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1554 w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.658<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1554 w113 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.696<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1554 w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.268<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1554 w1b4 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">84.984<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1554 w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">170.182<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1555 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1555 w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.327)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1555 w1b2 h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.713)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1555 w113 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.733)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1555 w1b3 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.792)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1555 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1555 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(29.565)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1556 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1556 w1b1 h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1556 w1b2 h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.713<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1556 w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.732<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1556 w1b3 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.792<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1556 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1556 w1b1 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">29.564<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1557 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1557 w1b1 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1557 w1b2 h2c\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1557 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1557 w1b3 h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1557 w1b4 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(75.569)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1557 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(75.569)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1558 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1558 w1b1 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1558 w1b2 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(30)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1558 w113 h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1558 w1b3 h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1558 w1b4 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.432)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1558 w1b1 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.465)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1559 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1559 w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(22.916)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1559 w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(53.632)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1559 w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.225)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1559 w1b3 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(14.032)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1559 w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1559 w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(96.805)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155a w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155a w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.340)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155a w1b2 h2c\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.004)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155a w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y155a w1b3 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">10.236<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y155a w1b4 h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">6.983<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y155a w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(4.658)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155b w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155b w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">603.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155b w1b2 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.133.371<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155b w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">276.924<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y155b w1b3 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">369.784<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y155b w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">283.223<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y155b w1b1 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.666.791<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155c w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155c w1b1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(361.192)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155c w1b2 h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.918.091)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155c w113 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(249.771)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y155c w1b3 h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(332.038)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y155c w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y155c w1b1 h2f\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.861.092)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155d w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155d w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">242.297<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y155d w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">215.280<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y155d w113 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.153<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y155d w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">37.746<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y155d w1b4 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">283.223<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y155d w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">805.699<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x25e y155e w1b5 h2c\"><div class=\"t m0 x52 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>materia<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>variazione <span class=\"_ _4\"></span>netta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>negativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>4.658 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i<span class=\"_ _41\"> </span> seguenti e<span class=\"_ _1\"></span>venti: <span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>amenti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ompete<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span><span class=\"lsc\">96</span>.805 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>(1<span class=\"ls6\">09<span class=\"_ _1\"></span><span class=\"ls0\">.200 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span></span></span><span class=\"ff9\"><span class=\"ff2\"><span class=\"ls6\"><span class=\"ls0\"> </span></span></span></span>nel <span class=\"_ _1\"></span>2024) che <span class=\"_ _1\"></span>si decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>ano per <span class=\"_ _1\"></span>il t<span class=\"_ _1\"></span>ermine del <span class=\"_ _1\"></span>ciclo <span class=\"_ _1\"></span>di ammort<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>decennale<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>alcuni impian<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span> e sist<span class=\"_ _1\"></span>emi di assist<span class=\"_ _1\"></span>enza al<span class=\"_ _1\"></span> volo;<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli inv<span class=\"_ _1\"></span>estimenti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e attivit\u00e0 mat<span class=\"_ _1\"></span>eriali per complessiv<span class=\"_ _1\"></span>i 170.182 migliaia di euro<span class=\"_ _1\"></span>, di cui 75.569 migliaia<span class=\"_ _41\"> </span></span></span><span class=\"ff9\"><span class=\"ff2\"> </span></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>egorie, <span class=\"_ _1\"></span>ultimati<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>d en<span class=\"_ _1\"></span>trati<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n u<span class=\"_ _1\"></span>so <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>so del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span> e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>9.629 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>diritti <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>riferi<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tratti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>lease <span class=\"_ _4\"></span>pluriennal<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>rinnovo <span class=\"_ _4\"></span>del<span class=\"_ _41\"> </span> contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di locazione dell\u2019immo<span class=\"_ _1\"></span>bile <span class=\"_ _4\"></span>di via Casale Cava<span class=\"_ _1\"></span>llari di <span class=\"_ _4\"></span>R<span class=\"_ _1\"></span>oma della <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>urat<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>sei anni, avve<span class=\"_ _1\"></span>nuto<span class=\"_ _41\"> </span>nel <span class=\"_ _4\"></span>mese <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>maggio <span class=\"_ _5\"></span>2025. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ra <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _4\"></span>complet<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>entra<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>esercizi<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>evidenziano: <span class=\"_ _4\"></span>i) <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornitura <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>sensoris<span class=\"_ _1\"></span>tica <span class=\"_ _5\"></span>met<span class=\"_ _1\"></span>eo <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _5\"></span>aero<span class=\"_ _1\"></span>porti; <span class=\"_ _5\"></span>ii) <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>ammodernamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _4\"></span>radar <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>avviciname<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>alcuni <span class=\"_ _5\"></span>aer<span class=\"_ _1\"></span>oporti; <span class=\"_ _4\"></span>i<span class=\"_ _4\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>completa<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>inst<span class=\"_ _1\"></span>allative <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>primi <span class=\"_ _1\"></span>quattr<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>emi di<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tazione <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>elabora<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>dati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>torr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>remot<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>(<span class=\"ff8\">Remot<span class=\"_ _1\"></span>e T<span class=\"_ _2\"></span>ower <span class=\"_ _1\"></span>Modules<span class=\"ff2 ls1c\">)<span class=\"_ _41\"> </span></span></span>nella  nu<span class=\"_ _4\"></span>ov<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>sala <span class=\"_ _7\"> </span>opera<span class=\"_ _1\"></span>tiva <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Brindisi <span class=\"_ _7\"> </span>denominat<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span><span class=\"ff8\">R<span class=\"_ _1\"></span>emote <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>ower  Control <span class=\"_ _7\"> </span>Cent<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span><span class=\"ff2\">  (RTCC)<span class=\"_ _1\"></span>; <span class=\"_ _7\"> </span>iv<span class=\"_ _4\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>lo<span class=\"_ _41\"> </span></span></span>spost<span class=\"_ _1\"></span>amento <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>postazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>rada<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>avvicinamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Fire<span class=\"_ _1\"></span>nze <span class=\"_ _4\"></span>sul <span class=\"_ _5\"></span>Centr<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Controll<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>d\u2019<span class=\"_ _11\"></span>Area <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>Roma;<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>v) <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>conti<span class=\"_ _1\"></span>nua <span class=\"_ _b\"></span>evoluzione <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _2\"></span>attuale <span class=\"_ _b\"></span>piatt<span class=\"_ _1\"></span>afor<span class=\"_ _1\"></span>ma <span class=\"_ _b\"></span>operativ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>SA<span class=\"_ _6\"></span>TCAS <span class=\"_ _a\"></span>(il <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema <span class=\"_ _b\"></span><span class=\"ff8\">Air<span class=\"_ _41\"> </span></span>T<span class=\"_ _6\"></span>raffi<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Management<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>legacy<span class=\"ff2\"> <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nelle s<span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ative degli <span class=\"_ _4\"></span>ACC per <span class=\"_ _4\"></span>il contr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>del traffic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>aer<span class=\"_ _1\"></span>eo<span class=\"_ _41\"> </span></span>in r<span class=\"_ _1\"></span>otta e <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>vvicinamento <span class=\"_ _1\"></span>nei principal<span class=\"_ _1\"></span>i aer<span class=\"_ _1\"></span>oporti nazionali<span class=\"_ _1\"></span>); vi) <span class=\"_ _1\"></span>l\u2019<span class=\"_ _4\"></span>imple<span class=\"_ _1\"></span>mentazion<span class=\"_ _1\"></span>e del sis<span class=\"_ _1\"></span>tema <span class=\"ff8\">Flight<span class=\"_ _41\"> </span></span>Plan <span class=\"_ _10\"> </span>T<span class=\"_ _6\"></span>rack<span class=\"_ _1\"></span>er<span class=\"ff2\">  (<span class=\"_ _1\"></span>FPT) <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gr<span class=\"_ _1\"></span>ado <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>support<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>la <span class=\"_ _10\"> </span>sorveglianz<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>rotta <span class=\"_ _9\"> </span>con <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>soli  c<span class=\"_ _1\"></span>ontributi<span class=\"_ _1\"></span>  dei <span class=\"_ _9\"> </span>rada<span class=\"_ _1\"></span>r<span class=\"_ _41\"> </span></span>secondari<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span><span class=\"ls58\">Gl</span>i <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _1\"></span>.984 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>riferiscon<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>alle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>materiali <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>alizzazione <span class=\"_ _9\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>dei <span class=\"_ _10\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>inves<span class=\"_ _1\"></span>timento<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>tra <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>quali <span class=\"_ _9\"> </span>si <span class=\"_ _10\"> </span>evide<span class=\"_ _1\"></span>nzia:  i) <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span>continuaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>progr<span class=\"_ _1\"></span>amma <span class=\"_ _b\"></span><span class=\"ff8\">4-Flight<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _b\"> </span>il <span class=\"_ _9\"> </span>cui<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>obiettivo <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>quello <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>sviluppar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>nuova <span class=\"_ _b\"></span>piatt<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>orma<span class=\"_ _41\"> </span></span></span>tecnologi<span class=\"_ _1\"></span>ca Air <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>affic Managemen<span class=\"_ _1\"></span>t (A<span class=\"_ _6\"></span>TM) degli ACC, <span class=\"_ _4\"></span>in sostit<span class=\"_ _1\"></span>uzione di quella attualmen<span class=\"_ _1\"></span>te opera<span class=\"_ _1\"></span>tiva,<span class=\"_ _41\"> </span>basat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ui <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>oncetti <span class=\"_ _9\"> </span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>SESAR <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>assumendo <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>suo <span class=\"_ _9\"> </span>interno <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _9\"> </span>Coflight <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>u<span class=\"_ _4\"></span>na<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>base.; <span class=\"_ _12\"> </span>ii) <span class=\"_ _c\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>pr<span class=\"_ _1\"></span>ogramma <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>spos<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nto <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>postazi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>adar <span class=\"_ _c\"> </span>di<span class=\"_ _41\"> </span>avvici<span class=\"_ _1\"></span>namento dalle a<span class=\"_ _1\"></span>ttuali sedi dedica<span class=\"_ _1\"></span>te presso gli aer<span class=\"_ _1\"></span>oporti agli ACC sovr<span class=\"_ _1\"></span>ast<span class=\"_ _1\"></span>anti; iii) la prosecuzio<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>delle <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>leg<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>realizz<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>T<span class=\"_ _2\"></span>orri <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>rollo <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estite <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>emoto <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evede <span class=\"_ _4\"></span>anche la<span class=\"_ _41\"> </span>predispo<span class=\"_ _1\"></span>sizione <span class=\"_ _4\"></span>dello spazio <span class=\"_ _4\"></span>fisico necessario <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esso <span class=\"_ _4\"></span>gli ACC <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ospit<span class=\"_ _1\"></span>arle; <span class=\"_ _4\"></span>iv) il <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tituzione<span class=\"_ _41\"> </span>periodica <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>appar<span class=\"_ _1\"></span>a<span class=\"ls4b\">ti <span class=\"_ _4\"></span></span><span class=\"ff8\">Communicati<span class=\"_ _1\"></span>on, <span class=\"_ _5\"></span>Navigation <span class=\"_ _4\"></span>and <span class=\"_ _4\"></span>Surveillance<span class=\"ff2\"> <span class=\"_ _5\"></span>(CNS) <span class=\"_ _4\"></span>rela<span class=\"_ _1\"></span>tivamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>siste<span class=\"_ _1\"></span>mi<span class=\"_ _41\"> </span></span></span>ra<span class=\"_ _1\"></span>dar<span class=\"_ _6\"></span>, V<span class=\"_ _1\"></span>oice Contr<span class=\"_ _1\"></span>ol Swit<span class=\"_ _1\"></span>ch, sist<span class=\"_ _1\"></span>emi di radioassis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a e r<span class=\"_ _1\"></span>adio;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _a\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mplessivi <span class=\"_ _a\"></span>2.465 <span class=\"_ _5\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>579 <span class=\"_ _5\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span></span></span>riclassific<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>alcuni <span class=\"_ _a\"></span>compo<span class=\"_ _1\"></span>nenti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>siste<span class=\"_ _1\"></span>mi <span class=\"_ _b\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _a\"></span>nelle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>parti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ricambio <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>stan<span class=\"_ _1\"></span>te parte ad impor<span class=\"_ _1\"></span>ti classifica<span class=\"_ _1\"></span>ti nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o delle attivit<span class=\"_ _1\"></span>\u00e0 immateria<span class=\"_ _1\"></span>li. Nella <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>egue<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>tabella <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>riportata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span><span class=\"ff8\">right <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>use</span>, <span class=\"_ _a\"></span>gi\u00e0 <span class=\"_ _5\"></span>compre<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>nella <span class=\"_ _4\"></span>tabella <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _9\"> </span>delle <span class=\"_ _9\"> </span>attivit\u00e0<span class=\"_ _1\"></span>  ma<span class=\"_ _1\"></span>teriali<span class=\"_ _1\"></span>.  Nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>voce <span class=\"_ _10\"> </span>te<span class=\"_ _1\"></span>rreni <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>abbricati <span class=\"_ _9\"> </span>sono<span class=\"_ _41\"> </span>iscritte  le <span class=\"_ _7\"> </span>locazioni <span class=\"_ _7\"> </span>degli  immobili <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>sede <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>oltre<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>ad <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>sede <span class=\"_ _7\"> </span>secondaria<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>della<span class=\"_ _41\"> </span>Capogruppo. <span class=\"_ _1\"></span>La voce altri beni c<span class=\"_ _1\"></span>omprende la loc<span class=\"_ _1\"></span>azione a medio t<span class=\"_ _1\"></span>ermine delle aut<span class=\"_ _1\"></span>o aziendali.  <table class=\"s w340 h71d\" id=\"_7d1aa0e7-f46c-4d69-a4ce-136ff8e684e4\"><tr><td></td><td class=\"c x25f y155f w341 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erreni e<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x260 y1560 w342 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x261 y1561 w1b8 h44\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1561 w157 h44\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1562 w1b6 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1562 w1b7 h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">9.292<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1562 w1b8 h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">4.024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1562 w157 h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">13.316<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1563 w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1563 w1b7 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.892)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1563 w1b8 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.012)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1563 w157 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.904)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1564 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1564 w1b7 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.400<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y1564 w1b8 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.012<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1564 w157 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.412<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x263 y1565 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1565 w1b7 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.884<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1565 w1b8 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">745<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1565 w157 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.629<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1566 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1566 w1b7 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.977)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1566 w1b8 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(149)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1566 w157 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.126)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1567 w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1567 w1b7 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.977<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1567 w1b8 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">149<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1567 w157 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.126<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1568 w1b6 h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1568 w1b7 h38\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.864)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1568 w1b8 h38\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(933)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1568 w157 h38\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.797)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1569 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1569 w1b7 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">7.020<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y1569 w1b8 h2c\"><div class=\"t m0 xf8 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(188)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1569 w157 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">6.832<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x263 y156a w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156a w1b7 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.199<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y156a w1b8 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.620<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y156a w157 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.819<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y156b w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156b w1b7 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.779)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y156b w1b8 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.796)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y156b w157 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.575)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y156c w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156c w1b7 h2f\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">9.420<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y156c w1b8 h2f\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.824<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y156c w157 h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11.244<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x262 y156d w157 h2f\"><div class=\"t m0 x2e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le locazioni c<span class=\"_ _1\"></span>on una dura<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 12 mesi e quel<span class=\"_ _1\"></span>le aven<span class=\"_ _1\"></span>ti ad oggetto be<span class=\"_ _1\"></span>ni di modest<span class=\"_ _1\"></span>o valor<span class=\"_ _1\"></span>e sono rilev<span class=\"_ _1\"></span>ati a cont<span class=\"_ _1\"></span>o economic<span class=\"_ _1\"></span>o nella voce \u201c<span class=\"_ _6\"></span>costi per<span class=\"_ _1\"></span> godiment<span class=\"_ _1\"></span>o beni di terzi\u201d<span class=\"_ _41\"> </span><span class=\"_ _2\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "7.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Attivit\u00e0<span class=\"_ _1\"></span> materiali<span class=\"_ _41\"> </span></span>Di <span class=\"_ _5\"></span>seguito <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>riporta<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>tabella <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>materiali<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _a\"></span>2025 <span class=\"_ _4\"></span>rispetto<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio prece<span class=\"_ _1\"></span>dente:<table class=\"s w335 h71b\" id=\"_1ded737d-9ad5-4e96-bde1-210101c32586\"><tr><td></td><td></td><td></td><td class=\"c x24f y1542 w336 h71c\"><div class=\"t m0 x1fd hbd y1541 ff6 fs9 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttrezza<span class=\"_ _1\"></span>ture<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x250 y1543 w337 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x251 y1544 w338 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erreni e<span class=\"_ _41\"> </span></div></td><td class=\"c x252 y1544 w339 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Impianti e<span class=\"_ _41\"> </span></div></td><td class=\"c x253 y1544 w33a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ind.li e<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x254 y1544 w33b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">material<span class=\"_ _1\"></span>i in<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x255 y1545 w33c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x256 y1545 w33d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">macchinari<span class=\"_ _41\"> </span></div></td><td class=\"c x257 y1545 w33e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">comm.li<span class=\"_ _41\"> </span></div></td><td class=\"c x258 y1546 w1b3 h13f\"><div class=\"t m0 x48 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1\"> </span></div></td><td class=\"c x259 y1545 w33f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corso<span class=\"_ _41\"> </span></div></td><td class=\"c x25a y1546 w1b1 h13f\"><div class=\"t m0 x51 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x23a y1547 w1b0 h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1547 w1b1 h31\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">571.133<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1547 w1b2 h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.030.420<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1547 w113 h31\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">273.645<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1547 w1b3 h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">347.700<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1547 w1b4 h31\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">298.771<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1547 w1b1 h31\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.521.669<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1548 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1548 w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(321.374)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1548 w1b2 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.814.342)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1548 w113 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(244.055)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1548 w1b3 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(319.062)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1548 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1548 w1b1 h2c\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.698.833)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1549 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 01.01.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1549 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">249.759<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y1549 w1b2 h2c\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">216.078<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1549 w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">29.590<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y1549 w1b3 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">28.638<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y1549 w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">298.771<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y1549 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">822.836<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y154a w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154a w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.885<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154a w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.324<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154a w113 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.458<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154a w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.697<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154a w1b4 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">103.974<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154a w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">223.338<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154b w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154b w1b1 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.778)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154b w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.124)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154b w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.137)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154b w1b3 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.089)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154b w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154b w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(14.128)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154c w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154c w1b1 h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.768<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154c w1b2 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.124<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154c w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.137<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154c w1b3 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.047<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154c w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154c w1b1 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.076<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154d w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154d w1b1 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154d w1b2 h2c\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154d w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154d w1b3 h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154d w1b4 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(119.364)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154d w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(119.364)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154e w1b0 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154e w1b1 h2c\"><div class=\"t m0 x40 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154e w1b2 h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(60)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154e w113 h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154e w1b3 h2c\"><div class=\"t m0 x4a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154e w1b4 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(7.141)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154e w1b1 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(7.201)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y154f w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y154f w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(23.997)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y154f w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(66.058)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y154f w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.362)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y154f w1b3 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(11.783)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y154f w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y154f w1b1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(109.200)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1550 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1550 w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(6.122)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1550 w1b2 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">21.206<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1550 w113 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.904)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1550 w1b3 h2c\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.128)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1550 w1b4 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.531)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1550 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(12.479)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1551 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1551 w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">587.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1551 w1b2 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.112.510<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1551 w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">273.966<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1551 w1b3 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">354.308<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1551 w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">276.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1551 w1b1 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.604.264<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1552 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1552 w1b1 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(343.603)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1552 w1b2 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.875.226)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1552 w113 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(248.280)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1552 w1b3 h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(326.798)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1552 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1552 w1b1 h2c\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.793.907)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1553 w1b0 h38\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1553 w1b1 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">243.637<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y1553 w1b2 h38\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">237.284<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y1553 w113 h38\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">25.686<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y1553 w1b3 h38\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.510<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y1553 w1b4 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">276.240<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y1553 w1b1 h38\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">810.357<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1554 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1554 w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.576<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1554 w1b2 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.658<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1554 w113 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.696<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1554 w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.268<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1554 w1b4 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">84.984<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1554 w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">170.182<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1555 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1555 w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.327)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1555 w1b2 h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.713)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1555 w113 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.733)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1555 w1b3 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.792)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1555 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1555 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(29.565)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1556 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1556 w1b1 h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1556 w1b2 h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.713<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1556 w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.732<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1556 w1b3 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.792<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1556 w1b4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1556 w1b1 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">29.564<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1557 w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1557 w1b1 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1557 w1b2 h2c\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1557 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1557 w1b3 h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1557 w1b4 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(75.569)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1557 w1b1 h2c\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(75.569)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1558 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1558 w1b1 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1558 w1b2 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(30)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1558 w113 h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1558 w1b3 h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1558 w1b4 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.432)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1558 w1b1 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.465)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1559 w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y1559 w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(22.916)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y1559 w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(53.632)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y1559 w113 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.225)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1559 w1b3 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(14.032)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y1559 w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y1559 w1b1 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(96.805)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155a w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155a w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.340)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155a w1b2 h2c\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.004)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155a w113 h2c\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y155a w1b3 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">10.236<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y155a w1b4 h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">6.983<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y155a w1b1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(4.658)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155b w1b0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155b w1b1 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">603.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155b w1b2 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.133.371<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155b w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">276.924<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y155b w1b3 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">369.784<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y155b w1b4 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">283.223<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y155b w1b1 h2c\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.666.791<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155c w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155c w1b1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(361.192)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25c y155c w1b2 h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.918.091)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25d y155c w113 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(249.771)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y155c w1b3 h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(332.038)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25e y155c w1b4 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25a y155c w1b1 h2f\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.861.092)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y155d w1b0 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x25b y155d w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">242.297<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25c y155d w1b2 h2f\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">215.280<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25d y155d w113 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.153<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x258 y155d w1b3 h2f\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">37.746<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25e y155d w1b4 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">283.223<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x25a y155d w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">805.699<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x25e y155e w1b5 h2c\"><div class=\"t m0 x52 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>materia<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>una <span class=\"_ _4\"></span>variazione <span class=\"_ _4\"></span>netta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>negativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>4.658 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i<span class=\"_ _41\"> </span>seguenti e<span class=\"_ _1\"></span>venti: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _4\"></span>ammort<span class=\"_ _1\"></span>amenti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ompete<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span><span class=\"lsc\">96</span>.805 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>(1<span class=\"ls6\">09<span class=\"_ _1\"></span><span class=\"ls0\">.200 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span></span></span>nel <span class=\"_ _1\"></span>2024) che <span class=\"_ _1\"></span>si decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>ano per <span class=\"_ _1\"></span>il t<span class=\"_ _1\"></span>ermine del <span class=\"_ _1\"></span>ciclo <span class=\"_ _1\"></span>di ammort<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>decennale<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>alcuni impian<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>e sist<span class=\"_ _1\"></span>emi di assist<span class=\"_ _1\"></span>enza al<span class=\"_ _1\"></span> volo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli inv<span class=\"_ _1\"></span>estimenti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>e attivit\u00e0 mat<span class=\"_ _1\"></span>eriali per complessiv<span class=\"_ _1\"></span>i 170.182 migliaia di euro<span class=\"_ _1\"></span>, di cui 75.569 migliaia<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>ad <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti, <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>egorie, <span class=\"_ _1\"></span>ultimati<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>d en<span class=\"_ _1\"></span>trati<span class=\"_ _1\"></span> i<span class=\"_ _1\"></span>n u<span class=\"_ _1\"></span>so <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>cor<span class=\"_ _1\"></span>so del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>9.629 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>diritti <span class=\"_ _5\"></span>d\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _4\"></span>riferi<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tratti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>lease <span class=\"_ _4\"></span>pluriennal<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>rinnovo <span class=\"_ _4\"></span>del<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di locazione dell\u2019immo<span class=\"_ _1\"></span>bile <span class=\"_ _4\"></span>di via Casale Cava<span class=\"_ _1\"></span>llari di <span class=\"_ _4\"></span>R<span class=\"_ _1\"></span>oma della <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>urat<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>sei anni, avve<span class=\"_ _1\"></span>nuto<span class=\"_ _41\"> </span>nel <span class=\"_ _4\"></span>mese <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>maggio <span class=\"_ _5\"></span>2025. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ra <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _4\"></span>complet<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>entra<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>esercizi<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>evidenziano: <span class=\"_ _4\"></span>i) <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ornitura <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>sensoris<span class=\"_ _1\"></span>tica <span class=\"_ _5\"></span>met<span class=\"_ _1\"></span>eo <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _5\"></span>aero<span class=\"_ _1\"></span>porti; <span class=\"_ _5\"></span>ii) <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>ammodernamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _4\"></span>radar <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>avviciname<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>alcuni <span class=\"_ _5\"></span>aer<span class=\"_ _1\"></span>oporti; <span class=\"_ _4\"></span>i<span class=\"_ _4\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>completa<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>inst<span class=\"_ _1\"></span>allative <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>primi <span class=\"_ _1\"></span>quattr<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>emi di<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>esen<span class=\"_ _1\"></span>tazione <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>elabora<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>dati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>torr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>remot<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>(<span class=\"ff8\">Remot<span class=\"_ _1\"></span>e T<span class=\"_ _2\"></span>ower <span class=\"_ _1\"></span>Modules<span class=\"ff2 ls1c\">)<span class=\"_ _41\"> </span></span></span>nella  nu<span class=\"_ _4\"></span>ov<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>sala <span class=\"_ _7\"> </span>opera<span class=\"_ _1\"></span>tiva <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Brindisi <span class=\"_ _7\"> </span>denominat<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span><span class=\"ff8\">R<span class=\"_ _1\"></span>emote <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>ower  Control <span class=\"_ _7\"> </span>Cent<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span><span class=\"ff2\">  (RTCC)<span class=\"_ _1\"></span>; <span class=\"_ _7\"> </span>iv<span class=\"_ _4\"></span>)<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>lo<span class=\"_ _41\"> </span></span></span>spost<span class=\"_ _1\"></span>amento <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>postazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _5\"></span>rada<span class=\"_ _1\"></span>r <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>avvicinamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Fire<span class=\"_ _1\"></span>nze <span class=\"_ _4\"></span>sul <span class=\"_ _5\"></span>Centr<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Controll<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>d\u2019<span class=\"_ _11\"></span>Area <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>Roma;<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>v) <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>conti<span class=\"_ _1\"></span>nua <span class=\"_ _b\"></span>evoluzione <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _2\"></span>attuale <span class=\"_ _b\"></span>piatt<span class=\"_ _1\"></span>afor<span class=\"_ _1\"></span>ma <span class=\"_ _b\"></span>operativ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>SA<span class=\"_ _6\"></span>TCAS <span class=\"_ _a\"></span>(il <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema <span class=\"_ _b\"></span><span class=\"ff8\">Air<span class=\"_ _41\"> </span></span>T<span class=\"_ _6\"></span>raffi<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Management<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>legacy<span class=\"ff2\"> <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nelle s<span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ative degli <span class=\"_ _4\"></span>ACC per <span class=\"_ _4\"></span>il contr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>del traffic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>aer<span class=\"_ _1\"></span>eo<span class=\"_ _41\"> </span></span>in r<span class=\"_ _1\"></span>otta e <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>vvicinamento <span class=\"_ _1\"></span>nei principal<span class=\"_ _1\"></span>i aer<span class=\"_ _1\"></span>oporti nazionali<span class=\"_ _1\"></span>); vi) <span class=\"_ _1\"></span>l\u2019<span class=\"_ _4\"></span>imple<span class=\"_ _1\"></span>mentazion<span class=\"_ _1\"></span>e del sis<span class=\"_ _1\"></span>tema <span class=\"ff8\">Flight<span class=\"_ _41\"> </span></span>Plan <span class=\"_ _10\"> </span>T<span class=\"_ _6\"></span>rack<span class=\"_ _1\"></span>er<span class=\"ff2\">  (<span class=\"_ _1\"></span>FPT) <span class=\"_ _10\"> </span>in <span class=\"_ _10\"> </span>gr<span class=\"_ _1\"></span>ado <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>support<span class=\"_ _1\"></span>are <span class=\"_ _9\"> </span>la <span class=\"_ _10\"> </span>sorveglianz<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>rotta <span class=\"_ _9\"> </span>con <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>soli  c<span class=\"_ _1\"></span>ontributi<span class=\"_ _1\"></span>  dei <span class=\"_ _9\"> </span>rada<span class=\"_ _1\"></span>r<span class=\"_ _41\"> </span></span>secondari<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span><span class=\"ls58\">Gl</span>i <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _1\"></span>.984 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>riferiscon<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>alle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>materiali <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>alizzazione <span class=\"_ _9\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>dei <span class=\"_ _10\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>inves<span class=\"_ _1\"></span>timento<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>tra <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>quali <span class=\"_ _9\"> </span>si <span class=\"_ _10\"> </span>evide<span class=\"_ _1\"></span>nzia:  i) <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span>continuaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>progr<span class=\"_ _1\"></span>amma <span class=\"_ _b\"></span><span class=\"ff8\">4-Flight<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _b\"> </span>il <span class=\"_ _9\"> </span>cui<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>obiettivo <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>quello <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>sviluppar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>nuova <span class=\"_ _b\"></span>piatt<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>orma<span class=\"_ _41\"> </span></span></span>tecnologi<span class=\"_ _1\"></span>ca Air <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>r<span class=\"_ _1\"></span>affic Managemen<span class=\"_ _1\"></span>t (A<span class=\"_ _6\"></span>TM) degli ACC, <span class=\"_ _4\"></span>in sostit<span class=\"_ _1\"></span>uzione di quella attualmen<span class=\"_ _1\"></span>te opera<span class=\"_ _1\"></span>tiva,<span class=\"_ _41\"> </span>basat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ui <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>oncetti <span class=\"_ _9\"> </span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>SESAR <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>assumendo <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>suo <span class=\"_ _9\"> </span>interno <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _9\"> </span>Coflight <span class=\"_ _9\"> </span>come <span class=\"_ _9\"> </span>u<span class=\"_ _4\"></span>na<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>te <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>base.; <span class=\"_ _12\"> </span>ii) <span class=\"_ _c\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>pr<span class=\"_ _1\"></span>ogramma <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>spos<span class=\"_ _1\"></span>tame<span class=\"_ _1\"></span>nto <span class=\"_ _12\"> </span>delle <span class=\"_ _12\"> </span>postazi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>di <span class=\"_ _12\"> </span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>adar <span class=\"_ _c\"> </span>di<span class=\"_ _41\"> </span>avvici<span class=\"_ _1\"></span>namento dalle a<span class=\"_ _1\"></span>ttuali sedi dedica<span class=\"_ _1\"></span>te presso gli aer<span class=\"_ _1\"></span>oporti agli ACC sovr<span class=\"_ _1\"></span>ast<span class=\"_ _1\"></span>anti; iii) la prosecuzio<span class=\"_ _1\"></span>ne<span class=\"_ _41\"> </span>delle <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>leg<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>realizz<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>T<span class=\"_ _2\"></span>orri <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>rollo <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estite <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>emoto <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evede <span class=\"_ _4\"></span>anche la<span class=\"_ _41\"> </span>predispo<span class=\"_ _1\"></span>sizione <span class=\"_ _4\"></span>dello spazio <span class=\"_ _4\"></span>fisico necessario <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esso <span class=\"_ _4\"></span>gli ACC <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>ospit<span class=\"_ _1\"></span>arle; <span class=\"_ _4\"></span>iv) il <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sos<span class=\"_ _1\"></span>tituzione<span class=\"_ _41\"> </span>periodica <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>appar<span class=\"_ _1\"></span>a<span class=\"ls4b\">ti <span class=\"_ _4\"></span></span><span class=\"ff8\">Communicati<span class=\"_ _1\"></span>on, <span class=\"_ _5\"></span>Navigation <span class=\"_ _4\"></span>and <span class=\"_ _4\"></span>Surveillance<span class=\"ff2\"> <span class=\"_ _5\"></span>(CNS) <span class=\"_ _4\"></span>rela<span class=\"_ _1\"></span>tivamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>siste<span class=\"_ _1\"></span>mi<span class=\"_ _41\"> </span></span></span>ra<span class=\"_ _1\"></span>dar<span class=\"_ _6\"></span>, V<span class=\"_ _1\"></span>oice Contr<span class=\"_ _1\"></span>ol Swit<span class=\"_ _1\"></span>ch, sist<span class=\"_ _1\"></span>emi di radioassis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a e r<span class=\"_ _1\"></span>adio;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _a\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mplessivi <span class=\"_ _a\"></span>2.465 <span class=\"_ _5\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>579 <span class=\"_ _5\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al<span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span></span></span>riclassific<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>alcuni <span class=\"_ _a\"></span>compo<span class=\"_ _1\"></span>nenti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>siste<span class=\"_ _1\"></span>mi <span class=\"_ _b\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _a\"></span>nelle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>rimanenze<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>parti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>ricambio <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>stan<span class=\"_ _1\"></span>te parte ad impor<span class=\"_ _1\"></span>ti classifica<span class=\"_ _1\"></span>ti nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o delle attivit<span class=\"_ _1\"></span>\u00e0 immateria<span class=\"_ _1\"></span>li. Nella <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>egue<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>tabella <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>riportata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span><span class=\"ff8\">right <span class=\"_ _5\"></span>of <span class=\"_ _5\"></span>use</span>, <span class=\"_ _a\"></span>gi\u00e0 <span class=\"_ _5\"></span>compre<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>nella <span class=\"_ _4\"></span>tabella <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>moviment<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _9\"> </span>delle <span class=\"_ _9\"> </span>attivit\u00e0<span class=\"_ _1\"></span>  ma<span class=\"_ _1\"></span>teriali<span class=\"_ _1\"></span>.  Nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>voce <span class=\"_ _10\"> </span>te<span class=\"_ _1\"></span>rreni <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>abbricati <span class=\"_ _9\"> </span>sono<span class=\"_ _41\"> </span>iscritte  le <span class=\"_ _7\"> </span>locazioni <span class=\"_ _7\"> </span>degli  immobili <span class=\"_ _7\"> </span>della <span class=\"_ _7\"> </span>sede <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>oltre<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>ad <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>sede <span class=\"_ _7\"> </span>secondaria<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>della<span class=\"_ _41\"> </span>Capogruppo. <span class=\"_ _1\"></span>La voce altri beni c<span class=\"_ _1\"></span>omprende la loc<span class=\"_ _1\"></span>azione a medio t<span class=\"_ _1\"></span>ermine delle aut<span class=\"_ _1\"></span>o aziendali.  <table class=\"s w340 h71d\" id=\"_7d1aa0e7-f46c-4d69-a4ce-136ff8e684e4\"><tr><td></td><td class=\"c x25f y155f w341 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erreni e<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x260 y1560 w342 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">fabbrica<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x261 y1561 w1b8 h44\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altri beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1561 w157 h44\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1562 w1b6 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1562 w1b7 h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">9.292<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1562 w1b8 h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">4.024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1562 w157 h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">13.316<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1563 w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1563 w1b7 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.892)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1563 w1b8 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.012)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1563 w157 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.904)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1564 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1564 w1b7 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.400<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y1564 w1b8 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.012<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1564 w157 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.412<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x263 y1565 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1565 w1b7 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.884<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1565 w1b8 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">745<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1565 w157 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.629<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1566 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - cos<span class=\"_ _1\"></span>to storic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1566 w1b7 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.977)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1566 w1b8 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(149)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1566 w157 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.126)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1567 w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni - f<span class=\"_ _1\"></span>ondo amm.to<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1567 w1b7 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.977<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1567 w1b8 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">149<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y1567 w157 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.126<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1568 w1b6 h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1568 w1b7 h38\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.864)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y1568 w1b8 h38\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(933)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1568 w157 h38\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.797)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y1569 w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y1569 w1b7 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">7.020<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y1569 w1b8 h2c\"><div class=\"t m0 xf8 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(188)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y1569 w157 h2c\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">6.832<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x263 y156a w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156a w1b7 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.199<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y156a w1b8 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.620<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y156a w157 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.819<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y156b w1b6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo ammort<span class=\"_ _1\"></span>amento<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156b w1b7 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.779)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x261 y156b w1b8 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.796)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x262 y156b w157 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.575)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x263 y156c w1b6 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y156c w1b7 h2f\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">9.420<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x261 y156c w1b8 h2f\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.824<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x262 y156c w157 h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11.244<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x262 y156d w157 h2f\"><div class=\"t m0 x2e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table> <span class=\"_ _1a\"></span><span class=\"ff2 fs1\">Le locazioni c<span class=\"_ _1\"></span>on una dura<span class=\"_ _1\"></span>ta in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 12 mesi e quel<span class=\"_ _1\"></span>le aven<span class=\"_ _1\"></span>ti ad oggetto be<span class=\"_ _1\"></span>ni di modest<span class=\"_ _1\"></span>o valor<span class=\"_ _1\"></span>e sono </span>rilev<span class=\"_ _1\"></span>ati a cont<span class=\"_ _1\"></span>o economic<span class=\"_ _1\"></span>o nella voce \u201c<span class=\"_ _6\"></span>costi per<span class=\"_ _1\"></span> godiment<span class=\"_ _1\"></span>o beni di terzi\u201d<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-572": {
   "value": "8.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Attivit\u00e0<span class=\"_ _1\"></span> Immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></span>Le <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _b\"> </span>immateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>ammontan<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>al <span class=\"_ _b\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>1<span class=\"ls6\">90</span>.697 <span class=\"_ _9\"> </span>migl<span class=\"_ _1\"></span>iaia <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro <span class=\"_ _9\"> </span>ed <span class=\"_ _b\"></span>hanno <span class=\"_ _9\"> </span>subit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio le seguenti v<span class=\"_ _1\"></span>ariazioni: <table class=\"s w343 h71f\" id=\"_b3b19ddd-9eae-446b-8f9b-ed3aa4bff337\"><tr><td></td><td class=\"c x266 y156e w344 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Diritti di br<span class=\"_ _1\"></span>evetto<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x267 y156e w345 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x268 y156f w346 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ind.le e di ut.ne<span class=\"_ _41\"> </span></div></td><td class=\"c x269 y156f w347 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x26a y156f w348 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immateri<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x26b y1570 w349 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">opere ing<span class=\"_ _1\"></span>egno<span class=\"_ _41\"> </span></div></td><td class=\"c x26c y1570 w34a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></div></td><td class=\"c x26d y1570 w34b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">in corso<span class=\"_ _41\"> </span></div></td><td class=\"c x26e y1571 w2d h3d6\"><div class=\"t m0 x59 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">Avviamen<span class=\"_ _1\"></span>to<span class=\"ff1\"> </span></div></td><td class=\"c x26f y1571 w1bb h3d6\"><div class=\"t m0 x67 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x270 y1572 w7b h31\"><div class=\"t m0 x0 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1572 w1b9 h31\"><div class=\"t m0 x33 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">226.564<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1572 w1ba h31\"><div class=\"t m0 x4a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">12.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1572 w11a h31\"><div class=\"t m0 xe7 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">65.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1572 w2d h31\"><div class=\"t m0 x1 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1572 w1bb h31\"><div class=\"t m0 x5a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">397.385<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1573 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1573 w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(200.062)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1573 w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.026)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1573 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1573 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1573 w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(207.088)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1574 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 01.01.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1574 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">26.502<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1574 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.307<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1574 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">65.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1574 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1574 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.297<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1575 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1575 w1b9 h2f\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.021<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1575 w1ba h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1575 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.079<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1575 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1575 w1bb h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">39.125<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1576 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1576 w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1576 w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1576 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1576 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1576 w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1577 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1577 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1577 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1577 w11a h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1577 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1577 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1578 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1578 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1578 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1578 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1578 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1578 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1579 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1579 w1b9 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(21.708)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1579 w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(939)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1579 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1579 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1579 w1bb h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(22.647)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157a w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157a w1b9 h2f\"><div class=\"t m0 xf8 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.313<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157a w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(914)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157a w11a h2f\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(2.169)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157a w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157a w1bb h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(770)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157b w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157b w1b9 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">250.585<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157b w1ba h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.358<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157b w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">62.847<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157b w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157b w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">419.262<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157c w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157c w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(221.770)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157c w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.965)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157c w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157c w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157c w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(229.735)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157d w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157d w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">28.815<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157d w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.393<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y157d w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">62.847<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y157d w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y157d w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">189.527<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y157e w7b h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157e w1b9 h38\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">45.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157e w1ba h38\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157e w11a h38\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">28.136<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157e w2d h38\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157e w1bb h38\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">73.397<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157f w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157f w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157f w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157f w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157f w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157f w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1580 w7b hf6\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1580 w1b9 hf6\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1580 w1ba hf6\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1580 w11a hf6\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1580 w2d hf6\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1580 w1bb hf6\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1581 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1581 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1581 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1581 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1581 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1581 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1582 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1582 w1b9 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(27.923)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1582 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1582 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1582 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1582 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(28.850)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1583 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1583 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.338<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1583 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1583 w11a h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(15.241)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1583 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1583 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.170<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1584 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1584 w1b9 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">295.626<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1584 w1ba h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.138<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1584 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.606<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1584 w2d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1584 w1bb h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">448.842<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1585 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1585 w1b9 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(249.473)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1585 w1ba h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.672)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1585 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1585 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1585 w1bb h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(258.145)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1586 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1586 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">46.153<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1586 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">3.466<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1586 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">47.606<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1586 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1586 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.697<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x26e y1587 w1bc h2c\"><div class=\"t m0 x57 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le attivit<span class=\"_ _1\"></span>\u00e0 immate<span class=\"_ _1\"></span>riali regis<span class=\"_ _1\"></span>trano nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio una varia<span class=\"_ _1\"></span>zione netta positiva di 1.1<span class=\"_ _1\"></span>70 migliaia di eur<span class=\"_ _1\"></span>o per i<span class=\"_ _41\"> </span>seguenti e<span class=\"_ _1\"></span>venti: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli ammorta<span class=\"_ _1\"></span>menti di com<span class=\"_ _1\"></span>petenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio che ammont<span class=\"_ _1\"></span>ano a 28.850 migliaia<span class=\"_ _1\"></span> di euro (<span class=\"lsc\">22</span>.647 nel<span class=\"_ _41\"> </span></span></span>2024<span class=\"ls14\">);<span class=\"_ _41\"> </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _1\"></span>inves<span class=\"_ _1\"></span>timenti <span class=\"_ _1\"></span>per comples<span class=\"_ _1\"></span>sivi <span class=\"ls6\">73</span>.397 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>di cui <span class=\"_ _1\"></span><span class=\"ls6\">45<span class=\"ls0\">.261 migl<span class=\"_ _1\"></span>iaia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriti a <span class=\"_ _1\"></span>proge<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span></span></span></span></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _6\"></span>ultimati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>trati <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>us<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _6\"></span>principalmen<span class=\"_ _1\"></span>te: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>licenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>e <span class=\"_ _5\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>supporto <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>diversi <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tionali <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>Gruppo; <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alcune<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>erfacce<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>sistemi <span class=\"_ _5\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo; <span class=\"_ _5\"></span>iii) <span class=\"_ _5\"></span>gli <span class=\"_ _a\"></span>svi<span class=\"_ _1\"></span>luppi <span class=\"_ _a\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>pro<span class=\"_ _1\"></span>dotti <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>IDS<span class=\"_ _41\"> </span>AirNav <span class=\"_ _4\"></span>quali <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>suite <span class=\"_ _5\"></span>AIM <span class=\"_ _5\"></span>(<span class=\"ff8\">Aeronautical <span class=\"_ _5\"></span>Infor<span class=\"_ _1\"></span>mation <span class=\"_ _5\"></span>Management<span class=\"ff2 ls14\">) <span class=\"_ _5\"></span><span class=\"ls0\">e <span class=\"_ _a\"></span>CRO<span class=\"_ _1\"></span>NOS, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span></span></span></span>diffusione  delle  informazi<span class=\"_ _1\"></span>oni <span class=\"_ _7\"> </span>aeronautiche,  tra  cui <span class=\"_ _7\"> </span>i  Notam <span class=\"_ _7\"> </span>(<span class=\"ff8\">NOtice <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>o  Air <span class=\"_ _7\"> </span>Men<span class=\"ff2\">) <span class=\"_ _7\"> </span>necessari  per<span class=\"_ _41\"> </span></span></span>inf<span class=\"_ _1\"></span>ormare <span class=\"_ _b\"></span>gli <span class=\"_ _9\"> </span>equipaggi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>sulle <span class=\"_ _b\"></span>condizioni <span class=\"_ _b\"></span>lungo <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>rott<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>prender<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>un <span class=\"_ _b\"> </span>volo; <span class=\"_ _9\"> </span>iv)<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>ulterior<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>implement<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>della <span class=\"_ _6\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _1\"></span>UTM <span class=\"_ _1\"></span>(<span class=\"ff8\">Unman<span class=\"_ _1\"></span>ned T<span class=\"_ _6\"></span>raffic <span class=\"_ _1\"></span>Man<span class=\"_ _1\"></span>agement<span class=\"ff2\">). <span class=\"_ _1\"></span>Gli <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></span></span>in corso di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione per <span class=\"_ _4\"></span>28.136 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rig<span class=\"_ _1\"></span>uardano principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la prosecuzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 di svil<span class=\"_ _1\"></span>uppo softwar<span class=\"_ _1\"></span>e e degli upgra<span class=\"_ _1\"></span>de dei prodo<span class=\"_ _1\"></span>tti di IDS AirNa<span class=\"_ _1\"></span>v tra cui l<span class=\"_ _1\"></span>e funzionalit<span class=\"_ _1\"></span>\u00e0 connesse<span class=\"_ _41\"> </span>ai <span class=\"_ _12\"> </span>prodotti <span class=\"_ _12\"> </span>FPDAM <span class=\"_ _12\"> </span>(<span class=\"ff8\">Flight<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>P<span class=\"_ _1\"></span>rocedure <span class=\"_ _12\"> </span>Design <span class=\"_ _12\"> </span>and <span class=\"_ _12\"> </span>Airspace <span class=\"_ _12\"> </span>Management<span class=\"ff2\">) <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>la <span class=\"_ _12\"> </span>suite <span class=\"_ _12\"> </span>AIM <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>le<span class=\"_ _41\"> </span></span></span>implement<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>sull<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>piatt<span class=\"_ _1\"></span>aforma Unmanned <span class=\"_ _4\"></span>Aerial<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>V<span class=\"_ _1\"></span>ehicles T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>affic <span class=\"_ _4\"></span>Manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>(U<span class=\"_ _1\"></span>TM). <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>Societ\u00e0<span class=\"_ _41\"> </span>ha <span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>rificat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>abbia <span class=\"_ _6\"></span>subito <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1.884 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riguarda<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>post<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>riclassifica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>voce <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>mat<span class=\"_ _1\"></span>eriali. La <span class=\"_ _5\"></span>voce <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ammo<span class=\"_ _1\"></span>nta <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>complessivi <span class=\"_ _4\"></span>93.472 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _4\"></span>riferisce<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>66.486 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>maggior <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>acquisizione <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>Contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>echno <span class=\"_ _1\"></span>Sky <span class=\"_ _1\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alle <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>nette <span class=\"_ _1\"></span>espr<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omici f<span class=\"_ _1\"></span>uturi. T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>rament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla<span class=\"_ _41\"> </span>CGU <span class=\"_ _b\"></span><span class=\"ff8\">Servizi <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>manut<span class=\"_ _1\"></span>enzione<span class=\"ff2\">, <span class=\"_ _b\"> </span>coincident<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>legal<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>T<span class=\"_ _2\"></span>echno <span class=\"_ _9\"> </span>Sky <span class=\"_ _b\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _b\"></span>Al <span class=\"_ _9\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span></span></span>applica<span class=\"_ _1\"></span>zione  della <span class=\"_ _10\"> </span>metodo<span class=\"_ _1\"></span>logia  pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>a  dallo  IAS<span class=\"_ _1\"></span>  36  <span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t  of <span class=\"_ _10\"> </span>assets<span class=\"ff2\">,  t<span class=\"_ _1\"></span>ale  a<span class=\"_ _1\"></span>v<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>amento  \u00e8<span class=\"_ _1\"></span>  st<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span></span></span>assoggetta<span class=\"_ _1\"></span>to al <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>st di <span class=\"_ _4\"></span><span class=\"ff8\">impairment, </span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore recuper<span class=\"_ _1\"></span>abile della CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _a\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>nette <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>detta <span class=\"_ _5\"></span>unit\u00e0, <span class=\"_ _a\"></span>coer<span class=\"_ _1\"></span>entemen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>prev<span class=\"_ _1\"></span>isto <span class=\"_ _5\"></span>dallo <span class=\"_ _b\"></span>IAS <span class=\"_ _a\"></span>36. <span class=\"_ _a\"></span>Si<span class=\"_ _41\"> </span>sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>non sono <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ate allocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>C<span class=\"_ _1\"></span>GU <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ques<span class=\"_ _1\"></span>tione, <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>immate<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>iali <span class=\"_ _4\"></span>a vita uti<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Nel <span class=\"_ _a\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>recuperabil<span class=\"_ _1\"></span>e, <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>d\u2019uso. <span class=\"_ _a\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>7,72% <span class=\"_ _5\"></span>(7,80% <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2024) <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>truito <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>met<span class=\"_ _1\"></span>odologia <span class=\"_ _4\"></span><span class=\"ff8\">unconditional <span class=\"_ _4\"></span>adjust<span class=\"_ _1\"></span>ed<span class=\"_ _41\"> </span></span>con un <span class=\"_ _4\"></span>fr<span class=\"_ _1\"></span>ee risk <span class=\"_ _4\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>media del rendiment<span class=\"_ _1\"></span>o a <span class=\"_ _4\"></span>1 anno dei <span class=\"_ _4\"></span>tit<span class=\"_ _1\"></span>oli di <span class=\"_ _4\"></span>St<span class=\"_ _1\"></span>ato italiani c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>scade<span class=\"_ _1\"></span>nza a 10 <span class=\"_ _4\"></span>anni<span class=\"_ _41\"> </span>a quale si aggiunge il<span class=\"_ _1\"></span> Marke<span class=\"_ _1\"></span>t Risk Premiu<span class=\"_ _1\"></span>m della Germania come be<span class=\"_ _1\"></span>nchmark del rendimen<span class=\"_ _1\"></span>to di un paese<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei flu<span class=\"_ _4\"></span>ssi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cas<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>in termini <span class=\"_ _4\"></span>n<span class=\"_ _1\"></span>ominali, <span class=\"_ _4\"></span>pos<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visione <span class=\"_ _4\"></span>del<span class=\"_ _41\"> </span>periodo <span class=\"_ _b\"> </span>esplicito<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _a\"></span>pari <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>\u20191,8% <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>1,7% <span class=\"_ _9\"> </span>nel<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2024),<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>oerenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>con <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>rev<span class=\"_ _1\"></span>isione <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>time <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>cr<span class=\"_ _1\"></span>escita<span class=\"_ _41\"> </span>dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Itali<span class=\"_ _1\"></span>a. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>sulla  base <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>flussi <span class=\"_ _7\"> </span>di  cassa  come <span class=\"_ _7\"> </span>desumibil<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>dal <span class=\"_ _7\"> </span>piano <span class=\"_ _7\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>finanziario  2025<span class=\"_ _4\"></span>-2029<span class=\"_ _41\"> </span>predispos<span class=\"_ _1\"></span>to dalla socie<span class=\"_ _1\"></span>t\u00e0 contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a ed approv<span class=\"_ _1\"></span>ato dal Consiglio di Am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione di T<span class=\"_ _6\"></span>echno Sky in dat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>19 <span class=\"_ _4\"></span>marzo <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>tenut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>budget <span class=\"_ _4\"></span>appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>2026 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>consuntivi <span class=\"_ _4\"></span>2025. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>piano<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span> un EBITDA margi<span class=\"_ _1\"></span>n a fine piano del 18%. I pr<span class=\"_ _1\"></span>esupposti <span class=\"_ _1\"></span>su cui si \u00e8 basat<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>elabor<span class=\"_ _1\"></span>azione del piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o-finanziario<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>riconducibi<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>rimento<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>tenuto<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>budget <span class=\"_ _1\"></span>2026, e <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dati <span class=\"_ _1\"></span>oggettivi rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>al pr<span class=\"_ _1\"></span>oseguimen<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span><span class=\"ff8\">core business<span class=\"ff2\"> <span class=\"_ _1\"></span>della socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></span></span>e <span class=\"_ _7\"> </span>consideran<span class=\"_ _1\"></span>do <span class=\"_ _12\"> </span>gli <span class=\"_ _7\"> </span>esiti <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _2\"></span>analisi <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>doppia <span class=\"_ _7\"> </span>materia<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"> </span>descritti <span class=\"_ _7\"> </span>nel <span class=\"_ _12\"> </span>par<span class=\"_ _1\"></span>agra<span class=\"_ _1\"></span>fo <span class=\"_ _7\"> </span>5 <span class=\"_ _12\"> </span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>consolida<span class=\"_ _1\"></span>ta di Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Ad <span class=\"_ _2b\"> </span>esito <span class=\"_ _2b\"> </span>del <span class=\"_ _2b\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _2c\"> </span>risulta <span class=\"_ _2b\"> </span>un <span class=\"_ _2b\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _2b\"> </span>superiore <span class=\"_ _2b\"> </span>al <span class=\"_ _2b\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _2b\"> </span>contabil<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>della <span class=\"_ _2b\"> </span>CGU <span class=\"_ _2b\"> </span>e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, non sono st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>te per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore. Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sempr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _5\"></span><span class=\"ff8\">l\u2019headroom <span class=\"_ _4\"></span></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammont<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>8,9 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _a\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nullo <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>ipot<span class=\"_ _1\"></span>esi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nva<span class=\"_ _1\"></span>rianza <span class=\"_ _a\"></span>del <span class=\"_ _9\"> </span>W<span class=\"_ _6\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>misura<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>negativi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>17,<span class=\"_ _4\"></span>6 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ensitiv<span class=\"_ _1\"></span>ity <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>mar<span class=\"_ _1\"></span>ginalit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.   La <span class=\"_ _7\"> </span>res<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>parte <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>pari <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>26.986 <span class=\"_ _7\"> </span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>riferi<span class=\"_ _1\"></span>sce <span class=\"_ _7\"> </span>al <span class=\"_ _7\"> </span>maggior <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>alore  di<span class=\"_ _41\"> </span>acquisizione <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>Controlla<span class=\"_ _1\"></span>ta <span class=\"_ _5\"></span>IDS <span class=\"_ _5\"></span>AirNav <span class=\"_ _5\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _5\"></span>rispetto <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>nette <span class=\"_ _5\"></span>espresse <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>correnti, <span class=\"_ _4\"></span>ed <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativo <span class=\"_ _4\"></span>dei benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>futur<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>emerso <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ocesso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">purchase <span class=\"_ _4\"></span>price<span class=\"_ _41\"> </span></span>allocation<span class=\"ff2\">, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>allocat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>CGU <span class=\"_ _9\"> </span><span class=\"ff8\">Soluzi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>oftware <span class=\"_ _9\"> </span>AIM<span class=\"ff2\"> <span class=\"_ _b\"></span>coinciden<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ale <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span>DS<span class=\"_ _41\"> </span></span></span></span>AirNav<span class=\"_ _2\"></span>. Al <span class=\"_ _4\"></span>31 <span class=\"_ _5\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2025, <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>applic<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>metodologia <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sta <span class=\"_ _4\"></span>dallo <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36 <span class=\"_ _a\"></span><span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>of <span class=\"_ _5\"></span>assets<span class=\"ff2\">, <span class=\"_ _4\"></span>tale<span class=\"_ _41\"> </span></span></span>avviamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>assoggett<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st <span class=\"_ _1\"></span>di <span class=\"ff8\">impairme<span class=\"_ _1\"></span>nt, <span class=\"_ _1\"></span><span class=\"ff2\">eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span></span></span>CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>nette<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>relativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>detta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>unit\u00e0, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>oerent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sto<span class=\"_ _41\"> </span>dallo IAS <span class=\"_ _4\"></span>36<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Si sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ome, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>l\u2019<span class=\"_ _2\"></span>avviament<span class=\"_ _1\"></span>o, non sono <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>ocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla CGU in questi<span class=\"_ _4\"></span>one attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _5\"></span>indefinita. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>cuperabile, <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>fatto <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>d\u2019<span class=\"_ _1\"></span>uso. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>utilizza<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>i<span class=\"_ _4\"></span>l <span class=\"_ _a\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>all\u201911,7% <span class=\"_ _a\"></span>(11,74% <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>2024) <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tas<span class=\"_ _1\"></span>so <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>scita <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _4\"></span>nominali <span class=\"_ _4\"></span>pari <span class=\"_ _5\"></span>all\u20191,8% <span class=\"_ _5\"></span>(1,7% <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>2024) <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>coere<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>visione delle s<span class=\"_ _1\"></span>time di crescit<span class=\"_ _1\"></span>a dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Italia<span class=\"_ _1\"></span>. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>desumibili <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>finanziario <span class=\"_ _4\"></span>2025<span class=\"_ _4\"></span>-202<span class=\"_ _1\"></span>9 <span class=\"_ _5\"></span>predispos<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dalla <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>approv<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>dal <span class=\"_ _a\"></span>Consiglio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>IDS <span class=\"_ _a\"></span>AirNav<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>19 <span class=\"_ _5\"></span>marzo<span class=\"_ _41\"> </span>2025, tene<span class=\"_ _1\"></span>ndo cont<span class=\"_ _1\"></span>o del bu<span class=\"_ _1\"></span>dget appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o per l\u2019<span class=\"_ _6\"></span>anno<span class=\"_ _1\"></span> 2026 e i da<span class=\"_ _1\"></span>ti di consun<span class=\"_ _1\"></span>tivo 2025 e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsiderand<span class=\"_ _1\"></span>o gli<span class=\"_ _41\"> </span>esiti <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>analisi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>doppia <span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>rialit\u00e0 <span class=\"_ _1\"></span>descritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o 5 <span class=\"_ _1\"></span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta di <span class=\"_ _1\"></span>Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Il <span class=\"_ _a\"></span>piano <span class=\"_ _a\"></span>evidenzi<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>crescita<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vi, <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>periodo <span class=\"_ _5\"></span>consider<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>15,4% <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>EBITDA<span class=\"_ _41\"> </span>margi<span class=\"_ _1\"></span>n a fine piano pari a cir<span class=\"_ _1\"></span>ca il 27,6%<span class=\"_ _1\"></span>. I <span class=\"_ _1\"></span>presuppos<span class=\"_ _1\"></span>ti su <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>la s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>basato <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione d<span class=\"_ _1\"></span>el piano <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omico-finanzi<span class=\"_ _1\"></span>ario, <span class=\"_ _1\"></span>sono ric<span class=\"_ _1\"></span>onducibili<span class=\"_ _41\"> </span>alla <span class=\"_ _5\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>alle <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _5\"></span>ricevute<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dalla <span class=\"_ _5\"></span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>mmerciale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Gruppo. <span class=\"_ _10\"> </span>Ad <span class=\"_ _10\"> </span>esit<span class=\"_ _1\"></span>o  del <span class=\"_ _9\"> </span>test, <span class=\"_ _9\"> </span>risulta <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore  r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile <span class=\"_ _10\"> </span>superior<span class=\"_ _1\"></span>e  al <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>ontabile <span class=\"_ _10\"> </span>della<span class=\"_ _1\"></span>  CGU<span class=\"_ _1\"></span>  e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate <span class=\"_ _c\"> </span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore. <span class=\"_ _c\"> </span>Il <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>ecuperabile<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fini<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">impairment  tes<span class=\"_ _1\"></span>t<span class=\"ff2\"> <span class=\"_ _7\"> </span>esprime  un <span class=\"_ _7\"> </span>plusval<span class=\"_ _1\"></span>ore  (<span class=\"ff8\">h<span class=\"_ _4\"></span>eadr<span class=\"_ _1\"></span>oom<span class=\"ff2\">) <span class=\"_ _7\"> </span>rispetto  ai <span class=\"_ _7\"> </span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _7\"> </span>valori  di <span class=\"_ _7\"> </span>libr<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di<span class=\"_ _41\"> </span></span></span></span></span>ammonta<span class=\"_ _1\"></span>re pari a ci<span class=\"_ _1\"></span>rca 21,<span class=\"_ _1\"></span>4 milioni di eur<span class=\"_ _1\"></span>o.  Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sem<span class=\"_ _1\"></span>pre <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _4\"></span>l\u2019headr<span class=\"_ _1\"></span>oom <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>18 <span class=\"_ _9\"> </span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>sso <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>crescita <span class=\"_ _b\"></span>nullo <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>ipotesi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>varianz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _9\"> </span>misur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _4\"></span>sarebbe <span class=\"_ _5\"></span>positiv<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>13 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro. <span class=\"_ _5\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sensitivity <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>marginalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "8.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Attivit\u00e0<span class=\"_ _1\"></span> Immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></span>Le <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _b\"> </span>immateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>ammontan<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>al <span class=\"_ _b\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>1<span class=\"ls6\">90</span>.697 <span class=\"_ _9\"> </span>migl<span class=\"_ _1\"></span>iaia <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro <span class=\"_ _9\"> </span>ed <span class=\"_ _b\"></span>hanno <span class=\"_ _9\"> </span>subit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio le seguenti v<span class=\"_ _1\"></span>ariazioni: <table class=\"s w343 h71f\" id=\"_b3b19ddd-9eae-446b-8f9b-ed3aa4bff337\"><tr><td></td><td class=\"c x266 y156e w344 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Diritti di br<span class=\"_ _1\"></span>evetto<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x267 y156e w345 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x268 y156f w346 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ind.le e di ut.ne<span class=\"_ _41\"> </span></div></td><td class=\"c x269 y156f w347 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x26a y156f w348 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immateri<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x26b y1570 w349 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">opere ing<span class=\"_ _1\"></span>egno<span class=\"_ _41\"> </span></div></td><td class=\"c x26c y1570 w34a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></div></td><td class=\"c x26d y1570 w34b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">in corso<span class=\"_ _41\"> </span></div></td><td class=\"c x26e y1571 w2d h3d6\"><div class=\"t m0 x59 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">Avviamen<span class=\"_ _1\"></span>to<span class=\"ff1\"> </span></div></td><td class=\"c x26f y1571 w1bb h3d6\"><div class=\"t m0 x67 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x270 y1572 w7b h31\"><div class=\"t m0 x0 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1572 w1b9 h31\"><div class=\"t m0 x33 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">226.564<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1572 w1ba h31\"><div class=\"t m0 x4a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">12.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1572 w11a h31\"><div class=\"t m0 xe7 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">65.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1572 w2d h31\"><div class=\"t m0 x1 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1572 w1bb h31\"><div class=\"t m0 x5a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">397.385<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1573 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1573 w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(200.062)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1573 w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.026)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1573 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1573 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1573 w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(207.088)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1574 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 01.01.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1574 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">26.502<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1574 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.307<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1574 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">65.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1574 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1574 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.297<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1575 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1575 w1b9 h2f\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.021<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1575 w1ba h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1575 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.079<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1575 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1575 w1bb h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">39.125<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1576 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1576 w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1576 w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1576 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1576 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1576 w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1577 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1577 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1577 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1577 w11a h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1577 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1577 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1578 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1578 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1578 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1578 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1578 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1578 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1579 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1579 w1b9 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(21.708)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1579 w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(939)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1579 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1579 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1579 w1bb h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(22.647)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157a w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157a w1b9 h2f\"><div class=\"t m0 xf8 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.313<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157a w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(914)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157a w11a h2f\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(2.169)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157a w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157a w1bb h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(770)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157b w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157b w1b9 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">250.585<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157b w1ba h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.358<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157b w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">62.847<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157b w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157b w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">419.262<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157c w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157c w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(221.770)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157c w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.965)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157c w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157c w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157c w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(229.735)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157d w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157d w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">28.815<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157d w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.393<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y157d w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">62.847<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y157d w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y157d w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">189.527<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y157e w7b h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157e w1b9 h38\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">45.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157e w1ba h38\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157e w11a h38\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">28.136<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157e w2d h38\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157e w1bb h38\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">73.397<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157f w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157f w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157f w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157f w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157f w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157f w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1580 w7b hf6\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1580 w1b9 hf6\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1580 w1ba hf6\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1580 w11a hf6\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1580 w2d hf6\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1580 w1bb hf6\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1581 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1581 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1581 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1581 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1581 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1581 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1582 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1582 w1b9 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(27.923)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1582 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1582 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1582 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1582 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(28.850)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1583 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1583 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.338<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1583 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1583 w11a h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(15.241)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1583 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1583 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.170<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1584 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1584 w1b9 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">295.626<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1584 w1ba h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.138<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1584 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.606<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1584 w2d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1584 w1bb h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">448.842<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1585 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1585 w1b9 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(249.473)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1585 w1ba h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.672)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1585 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1585 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1585 w1bb h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(258.145)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1586 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1586 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">46.153<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1586 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">3.466<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1586 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">47.606<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1586 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1586 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.697<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x26e y1587 w1bc h2c\"><div class=\"t m0 x57 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le attivit<span class=\"_ _1\"></span>\u00e0 immate<span class=\"_ _1\"></span>riali regis<span class=\"_ _1\"></span>trano nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio una varia<span class=\"_ _1\"></span>zione netta positiva di 1.1<span class=\"_ _1\"></span>70 migliaia di eur<span class=\"_ _1\"></span>o per i<span class=\"_ _41\"> </span>seguenti e<span class=\"_ _1\"></span>venti: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli ammorta<span class=\"_ _1\"></span>menti di com<span class=\"_ _1\"></span>petenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio che ammont<span class=\"_ _1\"></span>ano a 28.850 migliaia<span class=\"_ _1\"></span> di euro (<span class=\"lsc\">22</span>.647 nel<span class=\"_ _41\"> </span></span></span>2024<span class=\"ls14\">);<span class=\"_ _41\"> </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _1\"></span>inves<span class=\"_ _1\"></span>timenti <span class=\"_ _1\"></span>per comples<span class=\"_ _1\"></span>sivi <span class=\"ls6\">73</span>.397 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>di cui <span class=\"_ _1\"></span><span class=\"ls6\">45<span class=\"ls0\">.261 migl<span class=\"_ _1\"></span>iaia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriti a <span class=\"_ _1\"></span>proge<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span></span></span></span></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _6\"></span>ultimati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>trati <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>us<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _6\"></span>principalmen<span class=\"_ _1\"></span>te: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>licenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>e <span class=\"_ _5\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>supporto <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>diversi <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tionali <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>Gruppo; <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alcune<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>erfacce<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>sistemi <span class=\"_ _5\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo; <span class=\"_ _5\"></span>iii) <span class=\"_ _5\"></span>gli <span class=\"_ _a\"></span>svi<span class=\"_ _1\"></span>luppi <span class=\"_ _a\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>pro<span class=\"_ _1\"></span>dotti <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>IDS<span class=\"_ _41\"> </span>AirNav <span class=\"_ _4\"></span>quali <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>suite <span class=\"_ _5\"></span>AIM <span class=\"_ _5\"></span>(<span class=\"ff8\">Aeronautical <span class=\"_ _5\"></span>Infor<span class=\"_ _1\"></span>mation <span class=\"_ _5\"></span>Management<span class=\"ff2 ls14\">) <span class=\"_ _5\"></span><span class=\"ls0\">e <span class=\"_ _a\"></span>CRO<span class=\"_ _1\"></span>NOS, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span></span></span></span>diffusione  delle  informazi<span class=\"_ _1\"></span>oni <span class=\"_ _7\"> </span>aeronautiche,  tra  cui <span class=\"_ _7\"> </span>i  Notam <span class=\"_ _7\"> </span>(<span class=\"ff8\">NOtice <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>o  Air <span class=\"_ _7\"> </span>Men<span class=\"ff2\">) <span class=\"_ _7\"> </span>necessari  per<span class=\"_ _41\"> </span></span></span>inf<span class=\"_ _1\"></span>ormare <span class=\"_ _b\"></span>gli <span class=\"_ _9\"> </span>equipaggi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>sulle <span class=\"_ _b\"></span>condizioni <span class=\"_ _b\"></span>lungo <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>rott<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>prender<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>un <span class=\"_ _b\"> </span>volo; <span class=\"_ _9\"> </span>iv)<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>ulterior<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>implement<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>della <span class=\"_ _6\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _1\"></span>UTM <span class=\"_ _1\"></span>(<span class=\"ff8\">Unman<span class=\"_ _1\"></span>ned T<span class=\"_ _6\"></span>raffic <span class=\"_ _1\"></span>Man<span class=\"_ _1\"></span>agement<span class=\"ff2\">). <span class=\"_ _1\"></span>Gli <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></span></span>in corso di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione per <span class=\"_ _4\"></span>28.136 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rig<span class=\"_ _1\"></span>uardano principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la prosecuzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 di svil<span class=\"_ _1\"></span>uppo softwar<span class=\"_ _1\"></span>e e degli upgra<span class=\"_ _1\"></span>de dei prodo<span class=\"_ _1\"></span>tti di IDS AirNa<span class=\"_ _1\"></span>v tra cui l<span class=\"_ _1\"></span>e funzionalit<span class=\"_ _1\"></span>\u00e0 connesse<span class=\"_ _41\"> </span>ai <span class=\"_ _12\"> </span>prodotti <span class=\"_ _12\"> </span>FPDAM <span class=\"_ _12\"> </span>(<span class=\"ff8\">Flight<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>P<span class=\"_ _1\"></span>rocedure <span class=\"_ _12\"> </span>Design <span class=\"_ _12\"> </span>and <span class=\"_ _12\"> </span>Airspace <span class=\"_ _12\"> </span>Management<span class=\"ff2\">) <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>la <span class=\"_ _12\"> </span>suite <span class=\"_ _12\"> </span>AIM <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>le<span class=\"_ _41\"> </span></span></span>implement<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>sull<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>piatt<span class=\"_ _1\"></span>aforma Unmanned <span class=\"_ _4\"></span>Aerial<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>V<span class=\"_ _1\"></span>ehicles T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>affic <span class=\"_ _4\"></span>Manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>(U<span class=\"_ _1\"></span>TM). <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>Societ\u00e0<span class=\"_ _41\"> </span>ha <span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>rificat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>abbia <span class=\"_ _6\"></span>subito <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1.884 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riguarda<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>post<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>riclassifica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>voce <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>mat<span class=\"_ _1\"></span>eriali. La <span class=\"_ _5\"></span>voce <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ammo<span class=\"_ _1\"></span>nta <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>complessivi <span class=\"_ _4\"></span>93.472 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _4\"></span>riferisce<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>66.486 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>maggior <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>acquisizione <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>Contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>echno <span class=\"_ _1\"></span>Sky <span class=\"_ _1\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alle <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>nette <span class=\"_ _1\"></span>espr<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omici f<span class=\"_ _1\"></span>uturi. T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>rament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla<span class=\"_ _41\"> </span>CGU <span class=\"_ _b\"></span><span class=\"ff8\">Servizi <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>manut<span class=\"_ _1\"></span>enzione<span class=\"ff2\">, <span class=\"_ _b\"> </span>coincident<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>legal<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>T<span class=\"_ _2\"></span>echno <span class=\"_ _9\"> </span>Sky <span class=\"_ _b\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _b\"></span>Al <span class=\"_ _9\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span></span></span>applica<span class=\"_ _1\"></span>zione  della <span class=\"_ _10\"> </span>metodo<span class=\"_ _1\"></span>logia  pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>a  dallo  IAS<span class=\"_ _1\"></span>  36  <span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t  of <span class=\"_ _10\"> </span>assets<span class=\"ff2\">,  t<span class=\"_ _1\"></span>ale  a<span class=\"_ _1\"></span>v<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>amento  \u00e8<span class=\"_ _1\"></span>  st<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span></span></span>assoggetta<span class=\"_ _1\"></span>to al <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>st di <span class=\"_ _4\"></span><span class=\"ff8\">impairment, </span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore recuper<span class=\"_ _1\"></span>abile della CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _a\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>nette <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>detta <span class=\"_ _5\"></span>unit\u00e0, <span class=\"_ _a\"></span>coer<span class=\"_ _1\"></span>entemen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>prev<span class=\"_ _1\"></span>isto <span class=\"_ _5\"></span>dallo <span class=\"_ _b\"></span>IAS <span class=\"_ _a\"></span>36. <span class=\"_ _a\"></span>Si<span class=\"_ _41\"> </span>sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>non sono <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ate allocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>C<span class=\"_ _1\"></span>GU <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ques<span class=\"_ _1\"></span>tione, <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>immate<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>iali <span class=\"_ _4\"></span>a vita uti<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Nel <span class=\"_ _a\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>recuperabil<span class=\"_ _1\"></span>e, <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>d\u2019uso. <span class=\"_ _a\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>7,72% <span class=\"_ _5\"></span>(7,80% <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2024) <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>truito <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>met<span class=\"_ _1\"></span>odologia <span class=\"_ _4\"></span><span class=\"ff8\">unconditional <span class=\"_ _4\"></span>adjust<span class=\"_ _1\"></span>ed<span class=\"_ _41\"> </span></span>con un <span class=\"_ _4\"></span>fr<span class=\"_ _1\"></span>ee risk <span class=\"_ _4\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>media del rendiment<span class=\"_ _1\"></span>o a <span class=\"_ _4\"></span>1 anno dei <span class=\"_ _4\"></span>tit<span class=\"_ _1\"></span>oli di <span class=\"_ _4\"></span>St<span class=\"_ _1\"></span>ato italiani c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>scade<span class=\"_ _1\"></span>nza a 10 <span class=\"_ _4\"></span>anni<span class=\"_ _41\"> </span>a quale si aggiunge il<span class=\"_ _1\"></span> Marke<span class=\"_ _1\"></span>t Risk Premiu<span class=\"_ _1\"></span>m della Germania come be<span class=\"_ _1\"></span>nchmark del rendimen<span class=\"_ _1\"></span>to di un paese<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei flu<span class=\"_ _4\"></span>ssi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cas<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>in termini <span class=\"_ _4\"></span>n<span class=\"_ _1\"></span>ominali, <span class=\"_ _4\"></span>pos<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visione <span class=\"_ _4\"></span>del<span class=\"_ _41\"> </span>periodo <span class=\"_ _b\"> </span>esplicito<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _a\"></span>pari <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>\u20191,8% <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>1,7% <span class=\"_ _9\"> </span>nel<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2024),<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>oerenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>con <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>rev<span class=\"_ _1\"></span>isione <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>time <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>cr<span class=\"_ _1\"></span>escita<span class=\"_ _41\"> </span>dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Itali<span class=\"_ _1\"></span>a. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>sulla  base <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>flussi <span class=\"_ _7\"> </span>di  cassa  come <span class=\"_ _7\"> </span>desumibil<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>dal <span class=\"_ _7\"> </span>piano <span class=\"_ _7\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>finanziario  2025<span class=\"_ _4\"></span>-2029<span class=\"_ _41\"> </span>predispos<span class=\"_ _1\"></span>to dalla socie<span class=\"_ _1\"></span>t\u00e0 contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a ed approv<span class=\"_ _1\"></span>ato dal Consiglio di Am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione di T<span class=\"_ _6\"></span>echno Sky in dat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>19 <span class=\"_ _4\"></span>marzo <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>tenut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>budget <span class=\"_ _4\"></span>appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>2026 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>consuntivi <span class=\"_ _4\"></span>2025. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>piano<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span> un EBITDA margi<span class=\"_ _1\"></span>n a fine piano del 18%. I pr<span class=\"_ _1\"></span>esupposti <span class=\"_ _1\"></span>su cui si \u00e8 basat<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>elabor<span class=\"_ _1\"></span>azione del piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o-finanziario<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>riconducibi<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>rimento<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>tenuto<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>budget <span class=\"_ _1\"></span>2026, e <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dati <span class=\"_ _1\"></span>oggettivi rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>al pr<span class=\"_ _1\"></span>oseguimen<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span><span class=\"ff8\">core business<span class=\"ff2\"> <span class=\"_ _1\"></span>della socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></span></span>e <span class=\"_ _7\"> </span>consideran<span class=\"_ _1\"></span>do <span class=\"_ _12\"> </span>gli <span class=\"_ _7\"> </span>esiti <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _2\"></span>analisi <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>doppia <span class=\"_ _7\"> </span>materia<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"> </span>descritti <span class=\"_ _7\"> </span>nel <span class=\"_ _12\"> </span>par<span class=\"_ _1\"></span>agra<span class=\"_ _1\"></span>fo <span class=\"_ _7\"> </span>5 <span class=\"_ _12\"> </span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>consolida<span class=\"_ _1\"></span>ta di Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Ad <span class=\"_ _2b\"> </span>esito <span class=\"_ _2b\"> </span>del <span class=\"_ _2b\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _2c\"> </span>risulta <span class=\"_ _2b\"> </span>un <span class=\"_ _2b\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _2b\"> </span>superiore <span class=\"_ _2b\"> </span>al <span class=\"_ _2b\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _2b\"> </span>contabil<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>della <span class=\"_ _2b\"> </span>CGU <span class=\"_ _2b\"> </span>e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, non sono st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>te per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore. Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sempr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _5\"></span><span class=\"ff8\">l\u2019headroom <span class=\"_ _4\"></span></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammont<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>8,9 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _a\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nullo <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>ipot<span class=\"_ _1\"></span>esi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nva<span class=\"_ _1\"></span>rianza <span class=\"_ _a\"></span>del <span class=\"_ _9\"> </span>W<span class=\"_ _6\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>misura<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>negativi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>17,<span class=\"_ _4\"></span>6 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ensitiv<span class=\"_ _1\"></span>ity <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>mar<span class=\"_ _1\"></span>ginalit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.   La <span class=\"_ _7\"> </span>res<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>parte <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>pari <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>26.986 <span class=\"_ _7\"> </span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>riferi<span class=\"_ _1\"></span>sce <span class=\"_ _7\"> </span>al <span class=\"_ _7\"> </span>maggior <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>alore  di<span class=\"_ _41\"> </span>acquisizione <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>Controlla<span class=\"_ _1\"></span>ta <span class=\"_ _5\"></span>IDS <span class=\"_ _5\"></span>AirNav <span class=\"_ _5\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _5\"></span>rispetto <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>nette <span class=\"_ _5\"></span>espresse <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>correnti, <span class=\"_ _4\"></span>ed <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativo <span class=\"_ _4\"></span>dei benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>futur<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>emerso <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ocesso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">purchase <span class=\"_ _4\"></span>price<span class=\"_ _41\"> </span></span>allocation<span class=\"ff2\">, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>allocat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>CGU <span class=\"_ _9\"> </span><span class=\"ff8\">Soluzi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>oftware <span class=\"_ _9\"> </span>AIM<span class=\"ff2\"> <span class=\"_ _b\"></span>coinciden<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ale <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span>DS<span class=\"_ _41\"> </span></span></span></span>AirNav<span class=\"_ _2\"></span>. Al <span class=\"_ _4\"></span>31 <span class=\"_ _5\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2025, <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>applic<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>metodologia <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sta <span class=\"_ _4\"></span>dallo <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36 <span class=\"_ _a\"></span><span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>of <span class=\"_ _5\"></span>assets<span class=\"ff2\">, <span class=\"_ _4\"></span>tale<span class=\"_ _41\"> </span></span></span>avviamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>assoggett<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st <span class=\"_ _1\"></span>di <span class=\"ff8\">impairme<span class=\"_ _1\"></span>nt, <span class=\"_ _1\"></span><span class=\"ff2\">eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span></span></span>CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>nette<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>relativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>detta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>unit\u00e0, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>oerent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sto<span class=\"_ _41\"> </span>dallo IAS <span class=\"_ _4\"></span>36<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Si sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ome, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>l\u2019<span class=\"_ _2\"></span>avviament<span class=\"_ _1\"></span>o, non sono <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>ocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla CGU in questi<span class=\"_ _4\"></span>one attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _5\"></span>indefinita. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>cuperabile, <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>fatto <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>d\u2019<span class=\"_ _1\"></span>uso. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>utilizza<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>i<span class=\"_ _4\"></span>l <span class=\"_ _a\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>all\u201911,7% <span class=\"_ _a\"></span>(11,74% <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>2024) <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tas<span class=\"_ _1\"></span>so <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>scita <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _4\"></span>nominali <span class=\"_ _4\"></span>pari <span class=\"_ _5\"></span>all\u20191,8% <span class=\"_ _5\"></span>(1,7% <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>2024) <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>coere<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>visione delle s<span class=\"_ _1\"></span>time di crescit<span class=\"_ _1\"></span>a dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Italia<span class=\"_ _1\"></span>. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>desumibili <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>finanziario <span class=\"_ _4\"></span>2025<span class=\"_ _4\"></span>-202<span class=\"_ _1\"></span>9 <span class=\"_ _5\"></span>predispos<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dalla <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>approv<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>dal <span class=\"_ _a\"></span>Consiglio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>IDS <span class=\"_ _a\"></span>AirNav<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>19 <span class=\"_ _5\"></span>marzo<span class=\"_ _41\"> </span>2025, tene<span class=\"_ _1\"></span>ndo cont<span class=\"_ _1\"></span>o del bu<span class=\"_ _1\"></span>dget appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o per l\u2019<span class=\"_ _6\"></span>anno<span class=\"_ _1\"></span> 2026 e i da<span class=\"_ _1\"></span>ti di consun<span class=\"_ _1\"></span>tivo 2025 e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsiderand<span class=\"_ _1\"></span>o gli<span class=\"_ _41\"> </span>esiti <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>analisi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>doppia <span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>rialit\u00e0 <span class=\"_ _1\"></span>descritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o 5 <span class=\"_ _1\"></span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta di <span class=\"_ _1\"></span>Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Il <span class=\"_ _a\"></span>piano <span class=\"_ _a\"></span>evidenzi<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>crescita<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vi, <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>periodo <span class=\"_ _5\"></span>consider<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>15,4% <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>EBITDA<span class=\"_ _41\"> </span>margi<span class=\"_ _1\"></span>n a fine piano pari a cir<span class=\"_ _1\"></span>ca il 27,6%<span class=\"_ _1\"></span>. I <span class=\"_ _1\"></span>presuppos<span class=\"_ _1\"></span>ti su <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>la s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>basato <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione d<span class=\"_ _1\"></span>el piano <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omico-finanzi<span class=\"_ _1\"></span>ario, <span class=\"_ _1\"></span>sono ric<span class=\"_ _1\"></span>onducibili<span class=\"_ _41\"> </span>alla <span class=\"_ _5\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>alle <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _5\"></span>ricevute<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dalla <span class=\"_ _5\"></span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>mmerciale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Gruppo. <span class=\"_ _10\"> </span>Ad <span class=\"_ _10\"> </span>esit<span class=\"_ _1\"></span>o  del <span class=\"_ _9\"> </span>test, <span class=\"_ _9\"> </span>risulta <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore  r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile <span class=\"_ _10\"> </span>superior<span class=\"_ _1\"></span>e  al <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>ontabile <span class=\"_ _10\"> </span>della<span class=\"_ _1\"></span>  CGU<span class=\"_ _1\"></span>  e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate <span class=\"_ _c\"> </span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore. <span class=\"_ _c\"> </span>Il <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>ecuperabile<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fini<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">impairment  tes<span class=\"_ _1\"></span>t<span class=\"ff2\"> <span class=\"_ _7\"> </span>esprime  un <span class=\"_ _7\"> </span>plusval<span class=\"_ _1\"></span>ore  (<span class=\"ff8\">h<span class=\"_ _4\"></span>eadr<span class=\"_ _1\"></span>oom<span class=\"ff2\">) <span class=\"_ _7\"> </span>rispetto  ai <span class=\"_ _7\"> </span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _7\"> </span>valori  di <span class=\"_ _7\"> </span>libr<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di<span class=\"_ _41\"> </span></span></span></span></span>ammonta<span class=\"_ _1\"></span>re pari a ci<span class=\"_ _1\"></span>rca 21,<span class=\"_ _1\"></span>4 milioni di eur<span class=\"_ _1\"></span>o.  Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sem<span class=\"_ _1\"></span>pre <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _4\"></span>l\u2019headr<span class=\"_ _1\"></span>oom <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>18 <span class=\"_ _9\"> </span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>sso <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>crescita <span class=\"_ _b\"></span>nullo <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>ipotesi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>varianz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _9\"> </span>misur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _4\"></span>sarebbe <span class=\"_ _5\"></span>positiv<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>13 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro. <span class=\"_ _5\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sensitivity <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>marginalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "8.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Attivit\u00e0<span class=\"_ _1\"></span> Immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></span>Le <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _b\"> </span>immateriali<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>ammontan<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>al <span class=\"_ _b\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>1<span class=\"ls6\">90</span>.697 <span class=\"_ _9\"> </span>migl<span class=\"_ _1\"></span>iaia <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro <span class=\"_ _9\"> </span>ed <span class=\"_ _b\"></span>hanno <span class=\"_ _9\"> </span>subit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio le seguenti v<span class=\"_ _1\"></span>ariazioni: <table class=\"s w343 h71f\" id=\"_b3b19ddd-9eae-446b-8f9b-ed3aa4bff337\"><tr><td></td><td class=\"c x266 y156e w344 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Diritti di br<span class=\"_ _1\"></span>evetto<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x267 y156e w345 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x268 y156f w346 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ind.le e di ut.ne<span class=\"_ _41\"> </span></div></td><td class=\"c x269 y156f w347 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x26a y156f w348 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immateri<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x26b y1570 w349 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">opere ing<span class=\"_ _1\"></span>egno<span class=\"_ _41\"> </span></div></td><td class=\"c x26c y1570 w34a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">immaterial<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span></div></td><td class=\"c x26d y1570 w34b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">in corso<span class=\"_ _41\"> </span></div></td><td class=\"c x26e y1571 w2d h3d6\"><div class=\"t m0 x59 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">Avviamen<span class=\"_ _1\"></span>to<span class=\"ff1\"> </span></div></td><td class=\"c x26f y1571 w1bb h3d6\"><div class=\"t m0 x67 hbd y33b ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x270 y1572 w7b h31\"><div class=\"t m0 x0 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1572 w1b9 h31\"><div class=\"t m0 x33 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">226.564<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1572 w1ba h31\"><div class=\"t m0 x4a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">12.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1572 w11a h31\"><div class=\"t m0 xe7 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">65.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1572 w2d h31\"><div class=\"t m0 x1 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1572 w1bb h31\"><div class=\"t m0 x5a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">397.385<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1573 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1573 w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(200.062)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1573 w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.026)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1573 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1573 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1573 w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(207.088)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1574 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 01.01.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1574 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">26.502<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1574 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.307<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1574 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">65.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1574 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1574 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.297<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1575 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1575 w1b9 h2f\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.021<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1575 w1ba h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">25<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1575 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.079<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1575 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1575 w1bb h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">39.125<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1576 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1576 w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1576 w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1576 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1576 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1576 w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1577 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1577 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1577 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1577 w11a h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1577 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1577 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.046)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1578 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1578 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1578 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1578 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1578 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1578 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.798<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1579 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1579 w1b9 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(21.708)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1579 w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(939)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1579 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1579 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1579 w1bb h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(22.647)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157a w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157a w1b9 h2f\"><div class=\"t m0 xf8 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.313<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157a w1ba h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(914)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157a w11a h2f\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(2.169)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157a w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157a w1bb h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(770)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157b w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157b w1b9 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">250.585<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157b w1ba h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.358<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157b w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">62.847<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157b w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157b w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">419.262<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157c w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157c w1b9 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(221.770)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157c w1ba h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.965)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157c w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157c w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157c w1bb h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(229.735)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157d w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157d w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">28.815<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y157d w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.393<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y157d w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">62.847<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y157d w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y157d w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">189.527<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y157e w7b h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inv<span class=\"_ _1\"></span>estimenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157e w1b9 h38\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">45.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157e w1ba h38\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157e w11a h38\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">28.136<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157e w2d h38\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157e w1bb h38\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">73.397<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y157f w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Alienazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y157f w1b9 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y157f w1ba h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y157f w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y157f w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y157f w1bb h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1580 w7b hf6\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ag<span class=\"_ _4\"></span>gi<span class=\"_ _1\"></span> i<span class=\"_ _4\"></span>n e<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>cizio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1580 w1b9 hf6\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1580 w1ba hf6\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1580 w11a hf6\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1580 w2d hf6\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1580 w1bb hf6\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(45.261)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1581 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1581 w1b9 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1581 w1ba h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1581 w11a h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1581 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1581 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.884<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1582 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1582 w1b9 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(27.923)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1582 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1582 w11a h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1582 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1582 w1bb h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(28.850)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1583 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1583 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.338<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1583 w1ba h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(927)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1583 w11a h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(15.241)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1583 w2d h2c\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1583 w1bb h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.170<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1584 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costo s<span class=\"_ _1\"></span>torico<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1584 w1b9 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">295.626<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1584 w1ba h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.138<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1584 w11a h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.606<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1584 w2d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1584 w1bb h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">448.842<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1585 w7b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ammortament<span class=\"_ _1\"></span>o accumulato<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1585 w1b9 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(249.473)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x272 y1585 w1ba h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(8.672)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x273 y1585 w11a h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26e y1585 w2d h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y1585 w1bb h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(258.145)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1586 w7b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e residuo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x271 y1586 w1b9 h2c\"><div class=\"t m0 x1b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">46.153<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x272 y1586 w1ba h2c\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">3.466<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x273 y1586 w11a h2c\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">47.606<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26e y1586 w2d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">93.472<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y1586 w1bb h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">190.697<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x26e y1587 w1bc h2c\"><div class=\"t m0 x57 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le attivit<span class=\"_ _1\"></span>\u00e0 immate<span class=\"_ _1\"></span>riali regis<span class=\"_ _1\"></span>trano nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio una varia<span class=\"_ _1\"></span>zione netta positiva di 1.1<span class=\"_ _1\"></span>70 migliaia di eur<span class=\"_ _1\"></span>o per i<span class=\"_ _41\"> </span>seguenti e<span class=\"_ _1\"></span>venti: \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli ammorta<span class=\"_ _1\"></span>menti di com<span class=\"_ _1\"></span>petenz<span class=\"_ _1\"></span>a dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio che ammont<span class=\"_ _1\"></span>ano a 28.850 migliaia<span class=\"_ _1\"></span> di euro (<span class=\"lsc\">22</span>.647 nel<span class=\"_ _41\"> </span></span></span>2024<span class=\"ls14\">);<span class=\"_ _41\"> </span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">gli <span class=\"_ _1\"></span>inves<span class=\"_ _1\"></span>timenti <span class=\"_ _1\"></span>per comples<span class=\"_ _1\"></span>sivi <span class=\"ls6\">73</span>.397 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>di cui <span class=\"_ _1\"></span><span class=\"ls6\">45<span class=\"ls0\">.261 migl<span class=\"_ _1\"></span>iaia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriti a <span class=\"_ _1\"></span>proge<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span></span></span></span></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _6\"></span>ultimati <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>corso <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>trati <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>us<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _6\"></span>principalmen<span class=\"_ _1\"></span>te: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>licenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>e <span class=\"_ _5\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>supporto <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>diversi <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tionali <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>Gruppo; <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>lo <span class=\"_ _5\"></span>sviluppo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alcune<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>erfacce<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>verso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>sistemi <span class=\"_ _5\"></span>oper<span class=\"_ _1\"></span>ativi <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo; <span class=\"_ _5\"></span>iii) <span class=\"_ _5\"></span>gli <span class=\"_ _a\"></span>svi<span class=\"_ _1\"></span>luppi <span class=\"_ _a\"></span>softwar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>pro<span class=\"_ _1\"></span>dotti <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>IDS<span class=\"_ _41\"> </span>AirNav <span class=\"_ _4\"></span>quali <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>suite <span class=\"_ _5\"></span>AIM <span class=\"_ _5\"></span>(<span class=\"ff8\">Aeronautical <span class=\"_ _5\"></span>Infor<span class=\"_ _1\"></span>mation <span class=\"_ _5\"></span>Management<span class=\"ff2 ls14\">) <span class=\"_ _5\"></span><span class=\"ls0\">e <span class=\"_ _a\"></span>CRO<span class=\"_ _1\"></span>NOS, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span></span></span></span>diffusione  delle  informazi<span class=\"_ _1\"></span>oni <span class=\"_ _7\"> </span>aeronautiche,  tra  cui <span class=\"_ _7\"> </span>i  Notam <span class=\"_ _7\"> </span>(<span class=\"ff8\">NOtice <span class=\"_ _7\"> </span>T<span class=\"_ _6\"></span>o  Air <span class=\"_ _7\"> </span>Men<span class=\"ff2\">) <span class=\"_ _7\"> </span>necessari  per<span class=\"_ _41\"> </span></span></span>inf<span class=\"_ _1\"></span>ormare <span class=\"_ _b\"></span>gli <span class=\"_ _9\"> </span>equipaggi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>sulle <span class=\"_ _b\"></span>condizioni <span class=\"_ _b\"></span>lungo <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>rott<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>prima<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>prender<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>un <span class=\"_ _b\"> </span>volo; <span class=\"_ _9\"> </span>iv)<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>ulterior<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>implement<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>della <span class=\"_ _6\"></span>piattaf<span class=\"_ _1\"></span>orma <span class=\"_ _1\"></span>UTM <span class=\"_ _1\"></span>(<span class=\"ff8\">Unman<span class=\"_ _1\"></span>ned T<span class=\"_ _6\"></span>raffic <span class=\"_ _1\"></span>Man<span class=\"_ _1\"></span>agement<span class=\"ff2\">). <span class=\"_ _1\"></span>Gli <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></span></span>in corso di <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione per <span class=\"_ _4\"></span>28.136 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rig<span class=\"_ _1\"></span>uardano principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la prosecuzione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 di svil<span class=\"_ _1\"></span>uppo softwar<span class=\"_ _1\"></span>e e degli upgra<span class=\"_ _1\"></span>de dei prodo<span class=\"_ _1\"></span>tti di IDS AirNa<span class=\"_ _1\"></span>v tra cui l<span class=\"_ _1\"></span>e funzionalit<span class=\"_ _1\"></span>\u00e0 connesse<span class=\"_ _41\"> </span>ai <span class=\"_ _12\"> </span>prodotti <span class=\"_ _12\"> </span>FPDAM <span class=\"_ _12\"> </span>(<span class=\"ff8\">Flight<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>P<span class=\"_ _1\"></span>rocedure <span class=\"_ _12\"> </span>Design <span class=\"_ _12\"> </span>and <span class=\"_ _12\"> </span>Airspace <span class=\"_ _12\"> </span>Management<span class=\"ff2\">) <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>la <span class=\"_ _12\"> </span>suite <span class=\"_ _12\"> </span>AIM <span class=\"_ _12\"> </span>e <span class=\"_ _c\"> </span>le<span class=\"_ _41\"> </span></span></span>implement<span class=\"_ _1\"></span>azioni <span class=\"_ _4\"></span>sull<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>piatt<span class=\"_ _1\"></span>aforma Unmanned <span class=\"_ _4\"></span>Aerial<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>V<span class=\"_ _1\"></span>ehicles T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>affic <span class=\"_ _4\"></span>Manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>(U<span class=\"_ _1\"></span>TM). <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>Societ\u00e0<span class=\"_ _41\"> </span>ha <span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>rificat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>bilancio <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>abbia <span class=\"_ _6\"></span>subito <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>a <span class=\"_ _6\"></span>riduzione <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>1.884 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riguarda<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>post<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>riclassifica<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>voce <span class=\"_ _5\"></span>dalle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></span></span>mat<span class=\"_ _1\"></span>eriali. La <span class=\"_ _5\"></span>voce <span class=\"_ _4\"></span>avviament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>ammo<span class=\"_ _1\"></span>nta <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>complessivi <span class=\"_ _4\"></span>93.472 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>si <span class=\"_ _4\"></span>riferisce<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>66.486 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>maggior <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>acquisizione <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>Contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>T<span class=\"_ _2\"></span>echno <span class=\"_ _1\"></span>Sky <span class=\"_ _1\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alle <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _6\"></span>nette <span class=\"_ _1\"></span>espr<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>valori <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti, <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omici f<span class=\"_ _1\"></span>uturi. T<span class=\"_ _6\"></span>ale<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>alloca<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>rament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>alla<span class=\"_ _41\"> </span>CGU <span class=\"_ _b\"></span><span class=\"ff8\">Servizi <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>manut<span class=\"_ _1\"></span>enzione<span class=\"ff2\">, <span class=\"_ _b\"> </span>coincident<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>con<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>legal<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>T<span class=\"_ _2\"></span>echno <span class=\"_ _9\"> </span>Sky <span class=\"_ _b\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _b\"></span>Al <span class=\"_ _9\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span></span></span>applica<span class=\"_ _1\"></span>zione  della <span class=\"_ _10\"> </span>metodo<span class=\"_ _1\"></span>logia  pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>a  dallo  IAS<span class=\"_ _1\"></span>  36  <span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t  of <span class=\"_ _10\"> </span>assets<span class=\"ff2\">,  t<span class=\"_ _1\"></span>ale  a<span class=\"_ _1\"></span>v<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>amento  \u00e8<span class=\"_ _1\"></span>  st<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span></span></span>assoggetta<span class=\"_ _1\"></span>to al <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>st di <span class=\"_ _4\"></span><span class=\"ff8\">impairment, </span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando il <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore recuper<span class=\"_ _1\"></span>abile della CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>di <span class=\"_ _a\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>nette <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>detta <span class=\"_ _5\"></span>unit\u00e0, <span class=\"_ _a\"></span>coer<span class=\"_ _1\"></span>entemen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>qu<span class=\"_ _4\"></span>an<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>prev<span class=\"_ _1\"></span>isto <span class=\"_ _5\"></span>dallo <span class=\"_ _b\"></span>IAS <span class=\"_ _a\"></span>36. <span class=\"_ _a\"></span>Si<span class=\"_ _41\"> </span>sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span>non sono <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ate allocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>C<span class=\"_ _1\"></span>GU <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ques<span class=\"_ _1\"></span>tione, <span class=\"_ _4\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>immate<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>iali <span class=\"_ _4\"></span>a vita uti<span class=\"_ _4\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>indefinita<span class=\"_ _1\"></span>.<span class=\"_ _41\"> </span>Nel <span class=\"_ _a\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _a\"></span>recuperabil<span class=\"_ _1\"></span>e, <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>d\u2019uso. <span class=\"_ _a\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>attualizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>7,72% <span class=\"_ _5\"></span>(7,80% <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2024) <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>truito <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>met<span class=\"_ _1\"></span>odologia <span class=\"_ _4\"></span><span class=\"ff8\">unconditional <span class=\"_ _4\"></span>adjust<span class=\"_ _1\"></span>ed<span class=\"_ _41\"> </span></span>con un <span class=\"_ _4\"></span>fr<span class=\"_ _1\"></span>ee risk <span class=\"_ _4\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>media del rendiment<span class=\"_ _1\"></span>o a <span class=\"_ _4\"></span>1 anno dei <span class=\"_ _4\"></span>tit<span class=\"_ _1\"></span>oli di <span class=\"_ _4\"></span>St<span class=\"_ _1\"></span>ato italiani c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>scade<span class=\"_ _1\"></span>nza a 10 <span class=\"_ _4\"></span>anni<span class=\"_ _41\"> </span>a quale si aggiunge il<span class=\"_ _1\"></span> Marke<span class=\"_ _1\"></span>t Risk Premiu<span class=\"_ _1\"></span>m della Germania come be<span class=\"_ _1\"></span>nchmark del rendimen<span class=\"_ _1\"></span>to di un paese<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>o. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei flu<span class=\"_ _4\"></span>ssi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cas<span class=\"_ _1\"></span>sa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _4\"></span>in termini <span class=\"_ _4\"></span>n<span class=\"_ _1\"></span>ominali, <span class=\"_ _4\"></span>pos<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visione <span class=\"_ _4\"></span>del<span class=\"_ _41\"> </span>periodo <span class=\"_ _b\"> </span>esplicito<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _a\"></span>pari <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>\u20191,8% <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>1,7% <span class=\"_ _9\"> </span>nel<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2024),<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>oerenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"> </span>con <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>rev<span class=\"_ _1\"></span>isione <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>time <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>cr<span class=\"_ _1\"></span>escita<span class=\"_ _41\"> </span>dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Itali<span class=\"_ _1\"></span>a. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>sulla  base <span class=\"_ _7\"> </span>dei <span class=\"_ _7\"> </span>flussi <span class=\"_ _7\"> </span>di  cassa  come <span class=\"_ _7\"> </span>desumibil<span class=\"_ _1\"></span>i <span class=\"_ _7\"> </span>dal <span class=\"_ _7\"> </span>piano <span class=\"_ _7\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>finanziario  2025<span class=\"_ _4\"></span>-2029<span class=\"_ _41\"> </span>predispos<span class=\"_ _1\"></span>to dalla socie<span class=\"_ _1\"></span>t\u00e0 contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a ed approv<span class=\"_ _1\"></span>ato dal Consiglio di Am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione di T<span class=\"_ _6\"></span>echno Sky in dat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>19 <span class=\"_ _4\"></span>marzo <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>tenut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>budget <span class=\"_ _4\"></span>appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>2026 <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>consuntivi <span class=\"_ _4\"></span>2025. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>piano<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span> un EBITDA margi<span class=\"_ _1\"></span>n a fine piano del 18%. I pr<span class=\"_ _1\"></span>esupposti <span class=\"_ _1\"></span>su cui si \u00e8 basat<span class=\"_ _1\"></span>a l\u2019<span class=\"_ _6\"></span>elabor<span class=\"_ _1\"></span>azione del piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o-finanziario<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sono <span class=\"_ _5\"></span>riconducibi<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>alla <span class=\"_ _4\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>rimento<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>tenuto<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o del <span class=\"_ _1\"></span>budget <span class=\"_ _1\"></span>2026, e <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>dati <span class=\"_ _1\"></span>oggettivi rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>al pr<span class=\"_ _1\"></span>oseguimen<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>lle a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span><span class=\"ff8\">core business<span class=\"ff2\"> <span class=\"_ _1\"></span>della socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></span></span>e <span class=\"_ _7\"> </span>consideran<span class=\"_ _1\"></span>do <span class=\"_ _12\"> </span>gli <span class=\"_ _7\"> </span>esiti <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _2\"></span>analisi <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>doppia <span class=\"_ _7\"> </span>materia<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _7\"> </span>descritti <span class=\"_ _7\"> </span>nel <span class=\"_ _12\"> </span>par<span class=\"_ _1\"></span>agra<span class=\"_ _1\"></span>fo <span class=\"_ _7\"> </span>5 <span class=\"_ _12\"> </span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>consolida<span class=\"_ _1\"></span>ta di Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Ad <span class=\"_ _2b\"> </span>esito <span class=\"_ _2b\"> </span>del <span class=\"_ _2b\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _2c\"> </span>risulta <span class=\"_ _2b\"> </span>un <span class=\"_ _2b\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _2b\"> </span>superiore <span class=\"_ _2b\"> </span>al <span class=\"_ _2b\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _2b\"> </span>contabil<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>della <span class=\"_ _2b\"> </span>CGU <span class=\"_ _2b\"> </span>e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, non sono st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e conta<span class=\"_ _1\"></span>bilizza<span class=\"_ _1\"></span>te per<span class=\"_ _1\"></span>dite di v<span class=\"_ _1\"></span>alore. Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sempr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _5\"></span><span class=\"ff8\">l\u2019headroom <span class=\"_ _4\"></span></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammont<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>8,9 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _a\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>crescit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nullo <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>ipot<span class=\"_ _1\"></span>esi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nva<span class=\"_ _1\"></span>rianza <span class=\"_ _a\"></span>del <span class=\"_ _9\"> </span>W<span class=\"_ _6\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>misura<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>ebbe <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>negativi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>17,<span class=\"_ _4\"></span>6 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ensitiv<span class=\"_ _1\"></span>ity <span class=\"_ _1\"></span>sulla <span class=\"_ _1\"></span>mar<span class=\"_ _1\"></span>ginalit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.   La <span class=\"_ _7\"> </span>res<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>parte <span class=\"_ _7\"> </span>dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>vviamento<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>pari <span class=\"_ _7\"> </span>a <span class=\"_ _7\"> </span>26.986 <span class=\"_ _7\"> </span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>si <span class=\"_ _7\"> </span>riferi<span class=\"_ _1\"></span>sce <span class=\"_ _7\"> </span>al <span class=\"_ _7\"> </span>maggior <span class=\"_ _12\"> </span>v<span class=\"_ _1\"></span>alore  di<span class=\"_ _41\"> </span>acquisizione <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>Controlla<span class=\"_ _1\"></span>ta <span class=\"_ _5\"></span>IDS <span class=\"_ _5\"></span>AirNav <span class=\"_ _5\"></span>S.r<span class=\"_ _2\"></span>.l. <span class=\"_ _5\"></span>rispetto <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>nette <span class=\"_ _5\"></span>espresse <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>valori <span class=\"_ _4\"></span>correnti, <span class=\"_ _4\"></span>ed <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativo <span class=\"_ _4\"></span>dei benefici <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomici <span class=\"_ _4\"></span>futur<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>emerso <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ocesso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">purchase <span class=\"_ _4\"></span>price<span class=\"_ _41\"> </span></span>allocation<span class=\"ff2\">, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>allocat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>tera<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>CGU <span class=\"_ _9\"> </span><span class=\"ff8\">Soluzi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>oftware <span class=\"_ _9\"> </span>AIM<span class=\"ff2\"> <span class=\"_ _b\"></span>coinciden<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>en<span class=\"_ _1\"></span>tit\u00e0 <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ale <span class=\"_ _9\"> </span>I<span class=\"_ _1\"></span>DS<span class=\"_ _41\"> </span></span></span></span>AirNav<span class=\"_ _2\"></span>. Al <span class=\"_ _4\"></span>31 <span class=\"_ _5\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2025, <span class=\"_ _5\"></span>in <span class=\"_ _4\"></span>applic<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>metodologia <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sta <span class=\"_ _4\"></span>dallo <span class=\"_ _4\"></span>IAS <span class=\"_ _4\"></span>36 <span class=\"_ _a\"></span><span class=\"ff8\">Impairmen<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>of <span class=\"_ _5\"></span>assets<span class=\"ff2\">, <span class=\"_ _4\"></span>tale<span class=\"_ _41\"> </span></span></span>avviamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>assoggett<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>st <span class=\"_ _1\"></span>di <span class=\"ff8\">impairme<span class=\"_ _1\"></span>nt, <span class=\"_ _1\"></span><span class=\"ff2\">eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span></span></span>CGU <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>nette<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>relativ<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>detta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>unit\u00e0, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>oerent<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>previ<span class=\"_ _1\"></span>sto<span class=\"_ _41\"> </span>dallo IAS <span class=\"_ _4\"></span>36<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Si sottolinea<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ome, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>l\u2019<span class=\"_ _2\"></span>avviament<span class=\"_ _1\"></span>o, non sono <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>ocat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla CGU in questi<span class=\"_ _4\"></span>one attivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _4\"></span>utile <span class=\"_ _5\"></span>indefinita. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>cuperabile, <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>fatto <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>d\u2019<span class=\"_ _1\"></span>uso. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>utilizza<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>i<span class=\"_ _4\"></span>l <span class=\"_ _a\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>all\u201911,7% <span class=\"_ _a\"></span>(11,74% <span class=\"_ _b\"></span>nel <span class=\"_ _a\"></span>2024) <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>tas<span class=\"_ _1\"></span>so <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>scita <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>flussi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _4\"></span>nominali <span class=\"_ _4\"></span>pari <span class=\"_ _5\"></span>all\u20191,8% <span class=\"_ _5\"></span>(1,7% <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>2024) <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>coere<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>visione delle s<span class=\"_ _1\"></span>time di crescit<span class=\"_ _1\"></span>a dell\u2019infl<span class=\"_ _1\"></span>azione per l\u2019Italia<span class=\"_ _1\"></span>. Il management ha <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>enuto che <span class=\"_ _4\"></span>per la <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>cuperabile si <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acesse riferime<span class=\"_ _1\"></span>nto al <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore d\u2019uso<span class=\"_ _41\"> </span>stima<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>sulla <span class=\"_ _4\"></span>base <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>flussi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cassa <span class=\"_ _4\"></span>desumibili <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>finanziario <span class=\"_ _4\"></span>2025<span class=\"_ _4\"></span>-202<span class=\"_ _1\"></span>9 <span class=\"_ _5\"></span>predispos<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dalla <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>ed <span class=\"_ _5\"></span>approv<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>dal <span class=\"_ _a\"></span>Consiglio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>IDS <span class=\"_ _a\"></span>AirNav<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>19 <span class=\"_ _5\"></span>marzo<span class=\"_ _41\"> </span>2025, tene<span class=\"_ _1\"></span>ndo cont<span class=\"_ _1\"></span>o del bu<span class=\"_ _1\"></span>dget appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o per l\u2019<span class=\"_ _6\"></span>anno<span class=\"_ _1\"></span> 2026 e i da<span class=\"_ _1\"></span>ti di consun<span class=\"_ _1\"></span>tivo 2025 e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsiderand<span class=\"_ _1\"></span>o gli<span class=\"_ _41\"> </span>esiti <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>analisi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>doppia <span class=\"_ _1\"></span>mate<span class=\"_ _1\"></span>rialit\u00e0 <span class=\"_ _1\"></span>descritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o 5 <span class=\"_ _1\"></span>Re<span class=\"_ _1\"></span>ndicont<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>consolida<span class=\"_ _1\"></span>ta di <span class=\"_ _1\"></span>Sos<span class=\"_ _1\"></span>tenibilit<span class=\"_ _1\"></span>\u00e0.<span class=\"_ _41\"> </span>Il <span class=\"_ _a\"></span>piano <span class=\"_ _a\"></span>evidenzi<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>tasso<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>crescita<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vi, <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>periodo <span class=\"_ _5\"></span>consider<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>15,4% <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>EBITDA<span class=\"_ _41\"> </span>margi<span class=\"_ _1\"></span>n a fine piano pari a cir<span class=\"_ _1\"></span>ca il 27,6%<span class=\"_ _1\"></span>. I <span class=\"_ _1\"></span>presuppos<span class=\"_ _1\"></span>ti su <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>la s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>basato <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>elabora<span class=\"_ _1\"></span>zione d<span class=\"_ _1\"></span>el piano <span class=\"_ _1\"></span>econ<span class=\"_ _1\"></span>omico-finanzi<span class=\"_ _1\"></span>ario, <span class=\"_ _1\"></span>sono ric<span class=\"_ _1\"></span>onducibili<span class=\"_ _41\"> </span>alla <span class=\"_ _5\"></span>conoscenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>alle <span class=\"_ _a\"></span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _5\"></span>ricevute<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>dalla <span class=\"_ _5\"></span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>co<span class=\"_ _1\"></span>mmerciale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Gruppo. <span class=\"_ _10\"> </span>Ad <span class=\"_ _10\"> </span>esit<span class=\"_ _1\"></span>o  del <span class=\"_ _9\"> </span>test, <span class=\"_ _9\"> </span>risulta <span class=\"_ _10\"> </span>un <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore  r<span class=\"_ _1\"></span>ecuper<span class=\"_ _1\"></span>abile <span class=\"_ _10\"> </span>superior<span class=\"_ _1\"></span>e  al <span class=\"_ _10\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>ontabile <span class=\"_ _10\"> </span>della<span class=\"_ _1\"></span>  CGU<span class=\"_ _1\"></span>  e,<span class=\"_ _41\"> </span>conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>abilizz<span class=\"_ _1\"></span>ate <span class=\"_ _c\"> </span>perdit<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>va<span class=\"_ _1\"></span>lore. <span class=\"_ _c\"> </span>Il <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>alore <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>ecuperabile<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fini<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">impairment  tes<span class=\"_ _1\"></span>t<span class=\"ff2\"> <span class=\"_ _7\"> </span>esprime  un <span class=\"_ _7\"> </span>plusval<span class=\"_ _1\"></span>ore  (<span class=\"ff8\">h<span class=\"_ _4\"></span>eadr<span class=\"_ _1\"></span>oom<span class=\"ff2\">) <span class=\"_ _7\"> </span>rispetto  ai <span class=\"_ _7\"> </span>corrisponde<span class=\"_ _1\"></span>nti <span class=\"_ _7\"> </span>valori  di <span class=\"_ _7\"> </span>libr<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di<span class=\"_ _41\"> </span></span></span></span></span>ammonta<span class=\"_ _1\"></span>re pari a ci<span class=\"_ _1\"></span>rca 21,<span class=\"_ _1\"></span>4 milioni di eur<span class=\"_ _1\"></span>o.  Ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sensitivit\u00e0 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ipotizzat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _4\"></span>dello <span class=\"_ _4\"></span>0,5% <span class=\"_ _4\"></span>e, <span class=\"_ _4\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tasso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _4\"></span>sem<span class=\"_ _1\"></span>pre <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>all\u20191,8%, <span class=\"_ _4\"></span>l\u2019headr<span class=\"_ _1\"></span>oom <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntinua <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>positivo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>18 <span class=\"_ _9\"> </span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>euro. <span class=\"_ _b\"></span>Assumendo <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>sso <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>crescita <span class=\"_ _b\"></span>nullo <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>ipotesi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>varianz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>W<span class=\"_ _1\"></span>ACC <span class=\"_ _b\"></span>la <span class=\"_ _9\"> </span>misur<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>dell\u2019<span class=\"ff8\">headroom</span> <span class=\"_ _4\"></span>sarebbe <span class=\"_ _5\"></span>positiv<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>13 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro. <span class=\"_ _5\"></span>L<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>anal<span class=\"_ _1\"></span>isi <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>sensitivity <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>marginalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>piano<span class=\"_ _41\"> </span>economic<span class=\"_ _1\"></span>o finanziario 2025-<span class=\"_ _1\"></span>2029 ha conf<span class=\"_ _1\"></span>ermat<span class=\"_ _1\"></span>o i valor<span class=\"_ _1\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-573": {
   "value": "9.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Part<span class=\"_ _1\"></span>ecipazioni in altre im<span class=\"_ _1\"></span>prese<span class=\"_ _41\"> </span></span>La <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>oce <span class=\"_ _4\"></span>Part<span class=\"_ _1\"></span>ecipazioni <span class=\"_ _4\"></span>in altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>imprese ammonta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>53<span class=\"lse\">.7<span class=\"lsc\">33<span class=\"_ _4\"></span></span></span> migliaia <span class=\"_ _4\"></span>di euro <span class=\"_ _4\"></span>(<span class=\"ls6\">54<span class=\"_ _1\"></span><span class=\"ls0\">.<span class=\"lsc\">744<span class=\"_ _4\"></span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>31<span class=\"_ _41\"> </span></span></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>2024) <span class=\"_ _b\"> </span>e <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span><span class=\"ls11\">de</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>1.011 <span class=\"_ _9\"> </span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>euro<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito esclusivamen<span class=\"_ _1\"></span>te alla partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>pari all\u20198,6% in Aireon LLC per <span class=\"_ _4\"></span>il tramit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Air<span class=\"_ _1\"></span>eon <span class=\"_ _4\"></span>Holdi<span class=\"_ _1\"></span>ng<span class=\"_ _4\"></span><span class=\"ls59\">s<span class=\"_ _41\"> </span></span>LLC, che s<span class=\"_ _4\"></span>i att<span class=\"_ _1\"></span>este<span class=\"_ _1\"></span>r\u00e0, post <span class=\"_ _4\"></span>ese<span class=\"_ _1\"></span>rcizio della clausola <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">redempti<span class=\"_ _1\"></span>on<span class=\"ff2\"> <span class=\"_ _4\"></span>al 10,35%, <span class=\"_ _4\"></span>ed<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>\u00e8 contabil<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta secondo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span></span></span>criterio <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span><span class=\"ff8\">fair <span class=\"_ _d\"> </span>value</span> <span class=\"_ _d\"> </span>senz<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>rigir<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>conto <span class=\"_ _c\"> </span>economico. <span class=\"_ _c\"> </span>La <span class=\"_ _25\"> </span>p<span class=\"_ _1\"></span>artecipazione, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>v<span class=\"_ _1\"></span>alle<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>adegua<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span><span class=\"ff8\">fair <span class=\"_ _4\"></span>va<span class=\"_ _4\"></span>lue <span class=\"_ _4\"></span></span>che <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _4\"></span>anno, <span class=\"_ _4\"></span>risulta <span class=\"_ _4\"></span>iscritt<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3,6 <span class=\"_ _4\"></span>milioni <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _1\"></span>corrisponden<span class=\"_ _1\"></span>ti a 62,9 <span class=\"_ _1\"></span>milioni di doll<span class=\"_ _1\"></span>ari (56,7 milio<span class=\"_ _1\"></span>ni di dollari <span class=\"_ _1\"></span>al 31 dicembr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1\"></span>ed il decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>\u00e8 leg<span class=\"_ _1\"></span>ato al<span class=\"_ _1\"></span> deprezz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o del dollaro<span class=\"lsf\">. </span>Il <span class=\"_ _1\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value<span class=\"ff2\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>misur<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>accordo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>tecniche <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>tive <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _1\"></span>13 <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>richiede<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _4\"></span>massimizz<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>l\u2019<span class=\"_ _1\"></span>utilizzo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>abili <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>ridur<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>minimo <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>dati <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>osservabili <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>stimar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>prezz<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>al <span class=\"_ _17\"> </span>quale <span class=\"_ _17\"> </span>avr<span class=\"_ _1\"></span>ebbe <span class=\"_ _2b\"> </span>luogo<span class=\"_ _1\"></span> <span class=\"_ _2b\"> </span>una <span class=\"_ _17\"> </span>reg<span class=\"_ _1\"></span>olare <span class=\"_ _17\"> </span>operazione <span class=\"_ _25\"> </span>per <span class=\"_ _2b\"> </span>il <span class=\"_ _17\"> </span>tras<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o <span class=\"_ _2b\"> </span>dello <span class=\"_ _17\"> </span>strumen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativo di c<span class=\"_ _1\"></span>apitale tr<span class=\"_ _1\"></span>a gli oper<span class=\"_ _1\"></span>atori di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to alla dat<span class=\"_ _1\"></span>a di valut<span class=\"_ _1\"></span>azione. In presenz<span class=\"_ _1\"></span>a di un merc<span class=\"_ _1\"></span>ato<span class=\"_ _41\"> </span>non attivo<span class=\"_ _1\"></span>, gli inp<span class=\"_ _1\"></span>ut utilizza<span class=\"_ _1\"></span>ti risultano coe<span class=\"_ _1\"></span>renti<span class=\"_ _1\"></span> con il Livel<span class=\"_ _1\"></span>lo 3 della ger<span class=\"_ _1\"></span>archia de<span class=\"ls10\">l </span><span class=\"ff8\">fair value.<span class=\"_ _1\"></span> </span>Al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2025, <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value<span class=\"ff2\"> <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>parte<span class=\"_ _1\"></span>cipazione <span class=\"_ _5\"></span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>i<span class=\"_ _41\"> </span></span></span>seguenti <span class=\"_ _4\"></span>input: <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>rel<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>Long <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>erm <span class=\"_ _4\"></span>Opera<span class=\"_ _1\"></span>ting <span class=\"_ _4\"></span>Plan <span class=\"_ _4\"></span>(L<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>OP) <span class=\"_ _4\"></span>aggiornati <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>management <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Aireon<span class=\"_ _41\"> </span>nel <span class=\"_ _5\"></span>mese <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ebbraio <span class=\"_ _5\"></span>2025 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eribili <span class=\"_ _a\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span><span class=\"ff8\">assumptions</span> <span class=\"_ _5\"></span>esiste<span class=\"_ _1\"></span>nti <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>orizz<span class=\"_ _1\"></span>onte<span class=\"_ _41\"> </span>tempor<span class=\"_ _1\"></span>ale che si est<span class=\"_ _1\"></span>ende fino al 2039 e che recepisce,<span class=\"_ _1\"></span> in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontinuit\u00e0<span class=\"_ _1\"></span> con il piano pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>tensione<span class=\"_ _41\"> </span>della vit<span class=\"_ _1\"></span>a utile dell\u2019<span class=\"_ _6\"></span>asset t<span class=\"_ _1\"></span>ecnologico di <span class=\"_ _1\"></span>ulteriori cinque <span class=\"_ _1\"></span>anni, coer<span class=\"_ _1\"></span>entemen<span class=\"_ _1\"></span>te con la<span class=\"_ _1\"></span> mede<span class=\"_ _4\"></span>sima<span class=\"_ _1\"></span> estensione<span class=\"_ _41\"> </span>assunt<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>socio <span class=\"_ _a\"></span>Iridium <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2023 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>coste<span class=\"_ _1\"></span>llazione <span class=\"_ _a\"></span>sat<span class=\"_ _1\"></span>ellitar<span class=\"_ _1\"></span>e. <span class=\"_ _a\"></span>Rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>piano<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente <span class=\"_ _4\"></span>emer<span class=\"_ _1\"></span>ge <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span>minuzione <span class=\"_ _4\"></span>comple<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei dividendi <span class=\"_ _4\"></span>distribui<span class=\"_ _1\"></span>bili <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>fino <span class=\"_ _4\"></span>al 2039 <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>risent<span class=\"_ _1\"></span>e dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mbinato <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>azione de<span class=\"_ _1\"></span>i mar<span class=\"_ _1\"></span>gini ec<span class=\"_ _1\"></span>onomici e <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>manovr<span class=\"_ _1\"></span>a finanzi<span class=\"_ _1\"></span>aria. L<span class=\"_ _6\"></span>\u2019inizio<span class=\"_ _41\"> </span>della distribuzione <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dividendi <span class=\"_ _4\"></span>\u00e8 atteso a <span class=\"_ _4\"></span>decorre<span class=\"_ _1\"></span>re <span class=\"_ _4\"></span>dal 2028 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>viene est<span class=\"_ _1\"></span>esa <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span><span class=\"ff8\">preferred</span> s<span class=\"_ _4\"></span>ul triennio<span class=\"_ _41\"> </span>2028-2030. Ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value<span class=\"ff2\"> <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>consider<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>dividendi <span class=\"_ _1\"></span>riport<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _1\"></span>ultimo <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>aggiornat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>a <span class=\"_ _4\"></span>febbr<span class=\"_ _1\"></span>aio <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>prezzi <span class=\"_ _4\"></span>ufficial<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>Borsa, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>-fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _4\"></span>storici <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visionali <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>settor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>media <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>prezzi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>merca<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>titoli <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Stat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>americ<span class=\"_ _1\"></span>ani. <span class=\"_ _a\"></span>Ad <span class=\"_ _a\"></span>e<span class=\"_ _4\"></span>sit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>aggiornamento <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>par<span class=\"_ _1\"></span>ametri <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>input, <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span><span class=\"ff8\">fair value</span> della <span class=\"_ _4\"></span>part<span class=\"_ _1\"></span>ecipazione in <span class=\"_ _4\"></span>Air<span class=\"_ _1\"></span>eon, <span class=\"_ _4\"></span>al 31 <span class=\"_ _4\"></span>dicembr<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>025<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>pari a 5<span class=\"_ _4\"></span>3,6 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _41\"> </span>corrispon<span class=\"_ _1\"></span>denti a <span class=\"_ _1\"></span>62,9 milioni <span class=\"_ _1\"></span>di dollari, <span class=\"_ _1\"></span>in incr<span class=\"_ _1\"></span>emento<span class=\"_ _1\"></span> di 6,2<span class=\"_ _1\"></span> milioni di d<span class=\"_ _1\"></span>ollari, co<span class=\"_ _1\"></span>rrispondent<span class=\"_ _1\"></span>e a <span class=\"_ _1\"></span>5,3 milioni<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _10\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>dato <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>31 <span class=\"_ _9\"> </span>dicembre <span class=\"_ _9\"> </span>2024 <span class=\"_ _9\"> </span>tenuto <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>anche <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>depre<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>valuta<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>atunite<span class=\"_ _1\"></span>nse. Il  modello <span class=\"_ _7\"> </span>valut<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>utilizz<span class=\"_ _1\"></span>ato  \u00e8 <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>ondato  sulle  seguenti  assunzioni:  i) <span class=\"_ _7\"> </span><span class=\"ff8\">fair  value</span>,  determina<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>nella pros<span class=\"_ _1\"></span>pettiva <span class=\"_ _12\"> </span><span class=\"ff8\">equity-si<span class=\"_ _1\"></span>de<span class=\"ff2\">, <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>base <span class=\"_ _12\"> </span>ad <span class=\"_ _7\"> </span>un <span class=\"_ _12\"> </span>modello <span class=\"_ _12\"> </span>fina<span class=\"_ _1\"></span>nziario <span class=\"_ _12\"> </span>basato <span class=\"_ _7\"> </span>sull\u2019<span class=\"_ _6\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _7\"> </span>dei <span class=\"_ _12\"> </span>dividendi </span></span>distri<span class=\"_ _1\"></span>buibili <span class=\"_ _4\"></span>desunti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>esplicit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>piano; <span class=\"_ _4\"></span>ii) <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _4\"></span>terminale<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>to ipotizz<span class=\"_ _1\"></span>ando u<span class=\"_ _1\"></span>n flus<span class=\"_ _1\"></span>so di <span class=\"_ _1\"></span>cas<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>sostenibi<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>d un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _1\"></span>medio nominal<span class=\"_ _1\"></span>e (g-<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e) <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>lungo periodo; iii) il tasso <span class=\"_ _4\"></span>di attualizz<span class=\"_ _1\"></span>azione utilizza<span class=\"_ _1\"></span>to \u00e8 <span class=\"_ _4\"></span>il Cost of <span class=\"_ _4\"></span>Capit<span class=\"_ _1\"></span>al (Ke) pari <span class=\"_ _4\"></span>al 15,37% (15,<span class=\"_ _4\"></span>31% nel <span class=\"_ _4\"></span>2<span class=\"_ _1\"></span>024), <span class=\"_ _4\"></span>cal<span class=\"_ _1\"></span>colat<span class=\"_ _1\"></span>o mediant<span class=\"_ _1\"></span>e la metodologia<span class=\"_ _1\"></span> del CAPM (Capita<span class=\"_ _1\"></span>l Asset Prici<span class=\"_ _1\"></span>ng Model). <span class=\"ff3\"> </span>Al <span class=\"_ _10\"> </span>fine <span class=\"_ _9\"> </span>di  verifi<span class=\"_ _1\"></span>care<span class=\"_ _1\"></span>  la <span class=\"_ _9\"> </span>robust<span class=\"_ _1\"></span>ezza <span class=\"_ _9\"> </span>della <span class=\"_ _10\"> </span>s<span class=\"_ _1\"></span>tima  del <span class=\"_ _10\"> </span><span class=\"ff8\">fair <span class=\"_ _9\"> </span>value<span class=\"_ _4\"></span></span> <span class=\"_ _9\"> </span>\u00e8  s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>condott<span class=\"_ _1\"></span>a  u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>sensitivit<span class=\"_ _1\"></span>\u00e0 riguar<span class=\"_ _1\"></span>dante <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>parametri <span class=\"_ _a\"></span>Ke<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>tasso <span class=\"_ _a\"></span>g <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>cresci<span class=\"_ _1\"></span>ta: <span class=\"_ _a\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>fa<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>crescita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>2,8% <span class=\"_ _b\"></span>ed ipotizz<span class=\"_ _1\"></span>ando <span class=\"_ _2f\"> </span>una <span class=\"_ _3c\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _3c\"> </span>Ke <span class=\"_ _3c\"> </span>pari <span class=\"_ _2f\"> </span>a <span class=\"_ _3c\"> </span>+/-0,5%, <span class=\"_ _2f\"> </span>il <span class=\"_ _3c\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _3c\"> </span>della <span class=\"_ _2f\"> </span>parteci<span class=\"_ _1\"></span>pazione <span class=\"_ _3c\"> </span>si appre<span class=\"_ _1\"></span>zzer<span class=\"_ _1\"></span>ebbe/depr<span class=\"_ _1\"></span>ezze<span class=\"_ _1\"></span>rebbe rispettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> di circa<span class=\"_ _1\"></span> 2,4 milioni di dollari. <span class=\"ff3\"> </span>E\u2019 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>inoltr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>un\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sensitivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>sui <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>vi, <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>ui a<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>parit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tutte<span class=\"_ _1\"></span> le <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ltre <span class=\"_ _1\"></span>condizi<span class=\"_ _1\"></span>oni, qual<span class=\"_ _1\"></span>ora assumessimo <span class=\"_ _1\"></span>una riduzio<span class=\"_ _1\"></span>ne linear<span class=\"_ _1\"></span>e del <span class=\"_ _1\"></span>5% dei ric<span class=\"_ _1\"></span>avi s<span class=\"_ _1\"></span>ull\u2019inter<span class=\"_ _1\"></span>o orizz<span class=\"_ _1\"></span>onte <span class=\"_ _1\"></span>di piano<span class=\"_ _1\"></span>, la<span class=\"_ _1\"></span> stima <span class=\"_ _1\"></span>del <span class=\"ff8\">fair value<span class=\"_ _1\"></span><span class=\"ff2\"> si </span></span>ridurrebbe a<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a 57,5 milioni di dollari <span class=\"ff3\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _4\"></span>Pa<span class=\"_ _1\"></span>rtecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>imprese <span class=\"_ _4\"></span>accoglie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>inoltre <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>quota<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>16,67% <span class=\"_ _4\"></span>detenut<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>dalla <span class=\"_ _4\"></span>Capogruppo nel capit<span class=\"_ _1\"></span>ale sociale della societ<span class=\"_ _1\"></span>\u00e0 di diritto fr<span class=\"_ _1\"></span>ancese ESSP SaS, societ<span class=\"_ _1\"></span>\u00e0 in cui parteci<span class=\"_ _1\"></span>pano i principali <span class=\"_ _4\"></span><span class=\"ff8\">service </span>provider<span class=\"ff2\"> <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>opei <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>ha <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>estione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>sis<span class=\"_ _1\"></span>tema <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>navig<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>satell<span class=\"_ _1\"></span>itar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>EGNOS <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>la </span>f<span class=\"_ _1\"></span>ornitura <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _4\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>2025 <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>dividendo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>667 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>pari <span class=\"_ _4\"></span>importo rispetto<span class=\"_ _1\"></span> all\u2019<span class=\"_ _6\"></span>esercizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "9.<span class=\"ffc sc0 ls0\"> <span class=\"_ _32\"> </span></span><span class=\"ls0\">Part<span class=\"_ _1\"></span>ecipazioni in altre im<span class=\"_ _1\"></span>prese<span class=\"_ _41\"> </span></span>La <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>oce <span class=\"_ _4\"></span>Part<span class=\"_ _1\"></span>ecipazioni <span class=\"_ _4\"></span>in altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>imprese ammonta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>53<span class=\"lse\">.7<span class=\"lsc\">33<span class=\"_ _4\"></span></span></span> migliaia <span class=\"_ _4\"></span>di euro <span class=\"_ _4\"></span>(<span class=\"ls6\">54<span class=\"_ _1\"></span><span class=\"ls0\">.<span class=\"lsc\">744<span class=\"_ _4\"></span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>31<span class=\"_ _41\"> </span></span></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>2024) <span class=\"_ _b\"> </span>e <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>all<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span><span class=\"ls11\">de</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>1.011 <span class=\"_ _9\"> </span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>euro<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito esclusivamen<span class=\"_ _1\"></span>te alla partecipazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>pari all\u20198,6% in Aireon LLC per <span class=\"_ _4\"></span>il tramit<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Air<span class=\"_ _1\"></span>eon <span class=\"_ _4\"></span>Holdi<span class=\"_ _1\"></span>ng<span class=\"_ _4\"></span><span class=\"ls59\">s<span class=\"_ _41\"> </span></span>LLC, che s<span class=\"_ _4\"></span>i att<span class=\"_ _1\"></span>este<span class=\"_ _1\"></span>r\u00e0, post <span class=\"_ _4\"></span>ese<span class=\"_ _1\"></span>rcizio della clausola <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">redempti<span class=\"_ _1\"></span>on<span class=\"ff2\"> <span class=\"_ _4\"></span>al 10,35%, <span class=\"_ _4\"></span>ed<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>\u00e8 contabil<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta secondo <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span></span></span>criterio <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span><span class=\"ff8\">fair <span class=\"_ _d\"> </span>value</span> <span class=\"_ _d\"> </span>senz<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>possibilit\u00e0 <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>rigir<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>conto <span class=\"_ _c\"> </span>economico. <span class=\"_ _c\"> </span>La <span class=\"_ _25\"> </span>p<span class=\"_ _1\"></span>artecipazione, <span class=\"_ _d\"> </span>a <span class=\"_ _d\"> </span>v<span class=\"_ _1\"></span>alle<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>adegua<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span><span class=\"ff8\">fair <span class=\"_ _4\"></span>va<span class=\"_ _4\"></span>lue <span class=\"_ _4\"></span></span>che <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>cambio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fine <span class=\"_ _4\"></span>anno, <span class=\"_ _4\"></span>risulta <span class=\"_ _4\"></span>iscritt<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>5<span class=\"_ _4\"></span>3,6 <span class=\"_ _4\"></span>milioni <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _1\"></span>corrisponden<span class=\"_ _1\"></span>ti a 62,9 <span class=\"_ _1\"></span>milioni di doll<span class=\"_ _1\"></span>ari (56,7 milio<span class=\"_ _1\"></span>ni di dollari <span class=\"_ _1\"></span>al 31 dicembr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1\"></span>ed il decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>\u00e8 leg<span class=\"_ _1\"></span>ato al<span class=\"_ _1\"></span> deprezz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o del dollaro<span class=\"lsf\">. </span>Il <span class=\"_ _1\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value<span class=\"ff2\"> <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>misur<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>accordo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>tecniche <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>tive <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>evist<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>principio <span class=\"_ _1\"></span>IFR<span class=\"_ _1\"></span>S <span class=\"_ _1\"></span>13 <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>richiede<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _4\"></span>massimizz<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>l\u2019<span class=\"_ _1\"></span>utilizzo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>os<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>abili <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>ridur<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>minimo <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>dati <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>osservabili <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>stimar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>prezz<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>al <span class=\"_ _17\"> </span>quale <span class=\"_ _17\"> </span>avr<span class=\"_ _1\"></span>ebbe <span class=\"_ _2b\"> </span>luogo<span class=\"_ _1\"></span> <span class=\"_ _2b\"> </span>una <span class=\"_ _17\"> </span>reg<span class=\"_ _1\"></span>olare <span class=\"_ _17\"> </span>operazione <span class=\"_ _25\"> </span>per <span class=\"_ _2b\"> </span>il <span class=\"_ _17\"> </span>tras<span class=\"_ _1\"></span>feri<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o <span class=\"_ _2b\"> </span>dello <span class=\"_ _17\"> </span>strumen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ativo di c<span class=\"_ _1\"></span>apitale tr<span class=\"_ _1\"></span>a gli oper<span class=\"_ _1\"></span>atori di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to alla dat<span class=\"_ _1\"></span>a di valut<span class=\"_ _1\"></span>azione. In presenz<span class=\"_ _1\"></span>a di un merc<span class=\"_ _1\"></span>ato<span class=\"_ _41\"> </span>non attivo<span class=\"_ _1\"></span>, gli inp<span class=\"_ _1\"></span>ut utilizza<span class=\"_ _1\"></span>ti risultano coe<span class=\"_ _1\"></span>renti<span class=\"_ _1\"></span> con il Livel<span class=\"_ _1\"></span>lo 3 della ger<span class=\"_ _1\"></span>archia de<span class=\"ls10\">l </span><span class=\"ff8\">fair value.<span class=\"_ _1\"></span> </span>Al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2025, <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _5\"></span>value<span class=\"ff2\"> <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>parte<span class=\"_ _1\"></span>cipazione <span class=\"_ _5\"></span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>i<span class=\"_ _41\"> </span></span></span>seguenti <span class=\"_ _4\"></span>input: <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>flussi <span class=\"_ _5\"></span>rel<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>Long <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>erm <span class=\"_ _4\"></span>Opera<span class=\"_ _1\"></span>ting <span class=\"_ _4\"></span>Plan <span class=\"_ _4\"></span>(L<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>OP) <span class=\"_ _4\"></span>aggiornati <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>management <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Aireon<span class=\"_ _41\"> </span>nel <span class=\"_ _5\"></span>mese <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ebbraio <span class=\"_ _5\"></span>2025 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eribili <span class=\"_ _a\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span><span class=\"ff8\">assumptions</span> <span class=\"_ _5\"></span>esiste<span class=\"_ _1\"></span>nti <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>un <span class=\"_ _a\"></span>orizz<span class=\"_ _1\"></span>onte<span class=\"_ _41\"> </span>tempor<span class=\"_ _1\"></span>ale che si est<span class=\"_ _1\"></span>ende fino al 2039 e che recepisce,<span class=\"_ _1\"></span> in <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontinuit\u00e0<span class=\"_ _1\"></span> con il piano pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>es<span class=\"_ _1\"></span>tensione<span class=\"_ _41\"> </span>della vit<span class=\"_ _1\"></span>a utile dell\u2019<span class=\"_ _6\"></span>asset t<span class=\"_ _1\"></span>ecnologico di <span class=\"_ _1\"></span>ulteriori cinque <span class=\"_ _1\"></span>anni, coer<span class=\"_ _1\"></span>entemen<span class=\"_ _1\"></span>te con la<span class=\"_ _1\"></span> mede<span class=\"_ _4\"></span>sima<span class=\"_ _1\"></span> estensione<span class=\"_ _41\"> </span>assunt<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>socio <span class=\"_ _a\"></span>Iridium <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>2023 <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>coste<span class=\"_ _1\"></span>llazione <span class=\"_ _a\"></span>sat<span class=\"_ _1\"></span>ellitar<span class=\"_ _1\"></span>e. <span class=\"_ _a\"></span>Rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>piano<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente <span class=\"_ _4\"></span>emer<span class=\"_ _1\"></span>ge <span class=\"_ _4\"></span>una <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span>minuzione <span class=\"_ _4\"></span>comple<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei dividendi <span class=\"_ _4\"></span>distribui<span class=\"_ _1\"></span>bili <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>fino <span class=\"_ _4\"></span>al 2039 <span class=\"_ _4\"></span>che<span class=\"_ _41\"> </span>risent<span class=\"_ _1\"></span>e dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o co<span class=\"_ _1\"></span>mbinato <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>azione de<span class=\"_ _1\"></span>i mar<span class=\"_ _1\"></span>gini ec<span class=\"_ _1\"></span>onomici e <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>manovr<span class=\"_ _1\"></span>a finanzi<span class=\"_ _1\"></span>aria. L<span class=\"_ _6\"></span>\u2019inizio<span class=\"_ _41\"> </span>della distribuzione <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dividendi <span class=\"_ _4\"></span>\u00e8 atteso a <span class=\"_ _4\"></span>decorre<span class=\"_ _1\"></span>re <span class=\"_ _4\"></span>dal 2028 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>viene est<span class=\"_ _1\"></span>esa <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span><span class=\"ff8\">preferred</span> s<span class=\"_ _4\"></span>ul triennio<span class=\"_ _41\"> </span>2028-2030. Ai <span class=\"_ _1\"></span>fini <span class=\"_ _1\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>stima <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span><span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value<span class=\"ff2\"> <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>consider<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>dividendi <span class=\"_ _1\"></span>riport<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _1\"></span>ultimo <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>aggiornat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>a <span class=\"_ _4\"></span>febbr<span class=\"_ _1\"></span>aio <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>prezzi <span class=\"_ _4\"></span>ufficial<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>Borsa, <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>dati <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>-fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _4\"></span>storici <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>visionali <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>settor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>media <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>prezzi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>merca<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>titoli <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Stat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>americ<span class=\"_ _1\"></span>ani. <span class=\"_ _a\"></span>Ad <span class=\"_ _a\"></span>e<span class=\"_ _4\"></span>sit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>aggiornamento <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>par<span class=\"_ _1\"></span>ametri <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>input, <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span><span class=\"ff8\">fair value</span> della <span class=\"_ _4\"></span>part<span class=\"_ _1\"></span>ecipazione in <span class=\"_ _4\"></span>Air<span class=\"_ _1\"></span>eon, <span class=\"_ _4\"></span>al 31 <span class=\"_ _4\"></span>dicembr<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>025<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>pari a 5<span class=\"_ _4\"></span>3,6 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _41\"> </span>corrispon<span class=\"_ _1\"></span>denti a <span class=\"_ _1\"></span>62,9 milioni <span class=\"_ _1\"></span>di dollari, <span class=\"_ _1\"></span>in incr<span class=\"_ _1\"></span>emento<span class=\"_ _1\"></span> di 6,2<span class=\"_ _1\"></span> milioni di d<span class=\"_ _1\"></span>ollari, co<span class=\"_ _1\"></span>rrispondent<span class=\"_ _1\"></span>e a <span class=\"_ _1\"></span>5,3 milioni<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _10\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>dato <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>31 <span class=\"_ _9\"> </span>dicembre <span class=\"_ _9\"> </span>2024 <span class=\"_ _9\"> </span>tenuto <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>anche <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>depre<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>valuta<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>atunite<span class=\"_ _1\"></span>nse. Il  modello <span class=\"_ _7\"> </span>valut<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>utilizz<span class=\"_ _1\"></span>ato  \u00e8 <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>ondato  sulle  seguenti  assunzioni:  i) <span class=\"_ _7\"> </span><span class=\"ff8\">fair  value</span>,  determina<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>nella pros<span class=\"_ _1\"></span>pettiva <span class=\"_ _12\"> </span><span class=\"ff8\">equity-si<span class=\"_ _1\"></span>de<span class=\"ff2\">, <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>base <span class=\"_ _12\"> </span>ad <span class=\"_ _7\"> </span>un <span class=\"_ _12\"> </span>modello <span class=\"_ _12\"> </span>fina<span class=\"_ _1\"></span>nziario <span class=\"_ _12\"> </span>basato <span class=\"_ _7\"> </span>sull\u2019<span class=\"_ _6\"></span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _7\"> </span>dei <span class=\"_ _12\"> </span>dividendi </span></span>distri<span class=\"_ _1\"></span>buibili <span class=\"_ _4\"></span>desunti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>esplicit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>piano; <span class=\"_ _4\"></span>ii) <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lore <span class=\"_ _4\"></span>terminale<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019in<span class=\"_ _1\"></span>vestiment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>to ipotizz<span class=\"_ _1\"></span>ando u<span class=\"_ _1\"></span>n flus<span class=\"_ _1\"></span>so di <span class=\"_ _1\"></span>cas<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>sostenibi<span class=\"_ _1\"></span>le a<span class=\"_ _1\"></span>d un <span class=\"_ _1\"></span>tass<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _1\"></span>medio nominal<span class=\"_ _1\"></span>e (g-<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e) <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>lungo periodo; iii) il tasso <span class=\"_ _4\"></span>di attualizz<span class=\"_ _1\"></span>azione utilizza<span class=\"_ _1\"></span>to \u00e8 <span class=\"_ _4\"></span>il Cost of <span class=\"_ _4\"></span>Capit<span class=\"_ _1\"></span>al (Ke) pari <span class=\"_ _4\"></span>al 15,37% (15,<span class=\"_ _4\"></span>31% nel <span class=\"_ _4\"></span>2<span class=\"_ _1\"></span>024), <span class=\"_ _4\"></span>cal<span class=\"_ _1\"></span>colat<span class=\"_ _1\"></span>o mediant<span class=\"_ _1\"></span>e la metodologia<span class=\"_ _1\"></span> del CAPM (Capita<span class=\"_ _1\"></span>l Asset Prici<span class=\"_ _1\"></span>ng Model). <span class=\"ff3\"> </span>Al <span class=\"_ _10\"> </span>fine <span class=\"_ _9\"> </span>di  verifi<span class=\"_ _1\"></span>care<span class=\"_ _1\"></span>  la <span class=\"_ _9\"> </span>robust<span class=\"_ _1\"></span>ezza <span class=\"_ _9\"> </span>della <span class=\"_ _10\"> </span>s<span class=\"_ _1\"></span>tima  del <span class=\"_ _10\"> </span><span class=\"ff8\">fair <span class=\"_ _9\"> </span>value<span class=\"_ _4\"></span></span> <span class=\"_ _9\"> </span>\u00e8  s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>condott<span class=\"_ _1\"></span>a  u<span class=\"_ _1\"></span>n\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>sensitivit<span class=\"_ _1\"></span>\u00e0 riguar<span class=\"_ _1\"></span>dante <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>parametri <span class=\"_ _a\"></span>Ke<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>tasso <span class=\"_ _a\"></span>g <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>cresci<span class=\"_ _1\"></span>ta: <span class=\"_ _a\"></span>mant<span class=\"_ _1\"></span>enendo <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>fa<span class=\"_ _1\"></span>ttor<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>crescita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>2,8% <span class=\"_ _b\"></span>ed ipotizz<span class=\"_ _1\"></span>ando <span class=\"_ _2f\"> </span>una <span class=\"_ _3c\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _3c\"> </span>Ke <span class=\"_ _3c\"> </span>pari <span class=\"_ _2f\"> </span>a <span class=\"_ _3c\"> </span>+/-0,5%, <span class=\"_ _2f\"> </span>il <span class=\"_ _3c\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _3c\"> </span>della <span class=\"_ _2f\"> </span>parteci<span class=\"_ _1\"></span>pazione <span class=\"_ _3c\"> </span>si appre<span class=\"_ _1\"></span>zzer<span class=\"_ _1\"></span>ebbe/depr<span class=\"_ _1\"></span>ezze<span class=\"_ _1\"></span>rebbe rispettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> di circa<span class=\"_ _1\"></span> 2,4 milioni di dollari. <span class=\"ff3\"> </span>E\u2019 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>inoltr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>un\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>sensitivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>sui <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>vi, <span class=\"_ _1\"></span>in c<span class=\"_ _1\"></span>ui a<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>parit\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tutte<span class=\"_ _1\"></span> le <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ltre <span class=\"_ _1\"></span>condizi<span class=\"_ _1\"></span>oni, qual<span class=\"_ _1\"></span>ora assumessimo <span class=\"_ _1\"></span>una riduzio<span class=\"_ _1\"></span>ne linear<span class=\"_ _1\"></span>e del <span class=\"_ _1\"></span>5% dei ric<span class=\"_ _1\"></span>avi s<span class=\"_ _1\"></span>ull\u2019inter<span class=\"_ _1\"></span>o orizz<span class=\"_ _1\"></span>onte <span class=\"_ _1\"></span>di piano<span class=\"_ _1\"></span>, la<span class=\"_ _1\"></span> stima <span class=\"_ _1\"></span>del <span class=\"ff8\">fair value<span class=\"_ _1\"></span><span class=\"ff2\"> si </span></span>ridurrebbe a<span class=\"_ _1\"></span> circ<span class=\"_ _1\"></span>a 57,5 milioni di dollari <span class=\"ff3\"> </span>La <span class=\"_ _5\"></span>voce <span class=\"_ _4\"></span>Pa<span class=\"_ _1\"></span>rtecipazioni <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>imprese <span class=\"_ _4\"></span>accoglie<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>inoltre <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>quota<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>16,67% <span class=\"_ _4\"></span>detenut<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>dalla <span class=\"_ _4\"></span>Capogruppo nel capit<span class=\"_ _1\"></span>ale sociale della societ<span class=\"_ _1\"></span>\u00e0 di diritto fr<span class=\"_ _1\"></span>ancese ESSP SaS, societ<span class=\"_ _1\"></span>\u00e0 in cui parteci<span class=\"_ _1\"></span>pano i principali <span class=\"_ _4\"></span><span class=\"ff8\">service </span>provider<span class=\"ff2\"> <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>opei <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>ha <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>estione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>sis<span class=\"_ _1\"></span>tema <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>navig<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>satell<span class=\"_ _1\"></span>itar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>EGNOS <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>la </span>f<span class=\"_ _1\"></span>ornitura <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _4\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>2025 <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>dividendo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>667 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>pari <span class=\"_ _4\"></span>importo rispetto<span class=\"_ _1\"></span> all\u2019<span class=\"_ _6\"></span>esercizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "10.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Attivit<span class=\"_ _1\"></span>\u00e0 finanziarie non c<span class=\"_ _1\"></span>orrenti<span class=\"ff3\"> </span>Le attivit\u00e0 finanziarie non <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti ammont<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>a 344 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e non <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazioni rispetto al 31 dicembr<span class=\"_ _1\"></span>e 2024",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-575": {
   "value": "10.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Attivit<span class=\"_ _1\"></span>\u00e0 finanziarie non c<span class=\"_ _1\"></span>orrenti<span class=\"ff3\"> </span>Le attivit\u00e0 finanziarie non <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrenti ammont<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>a 344 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e non <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazioni rispetto al 31 dicembr<span class=\"_ _1\"></span>e 2024",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-574": {
   "value": "11.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Attivit<span class=\"_ _1\"></span>\u00e0 per impost<span class=\"_ _1\"></span>e anticipa<span class=\"_ _1\"></span>te e passivit<span class=\"_ _1\"></span>\u00e0 per impost<span class=\"_ _1\"></span>e diff<span class=\"_ _1\"></span>erite<span class=\"ff3\"> </span>Le <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>imposte<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>anticipat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>le <span class=\"_ _9\"> </span>passivit\u00e0 <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>mposte <span class=\"_ _9\"> </span>diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>nonch\u00e9 <span class=\"_ _9\"> </span>le <span class=\"_ _9\"> </span>attivit\u00e0 <span class=\"_ _9\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>impos<span class=\"_ _1\"></span>te anticipa<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>compensa<span class=\"_ _1\"></span>bili, <span class=\"_ _9\"> </span>ove <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onsentito<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>imposte<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>dett<span class=\"_ _1\"></span>agliat<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> riporta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>prospett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e c<span class=\"_ _1\"></span>on se<span class=\"_ _1\"></span>parat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>evidenziazione <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>importi <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o a <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>economico<span class=\"_ _1\"></span> e quelli c<span class=\"_ _1\"></span>on impatto nel<span class=\"_ _1\"></span>le altre<span class=\"_ _1\"></span> componenti di c<span class=\"_ _1\"></span>onto ec<span class=\"_ _1\"></span>onomico comple<span class=\"_ _1\"></span>ssivo (P<span class=\"_ _1\"></span>atrimonio <span class=\"_ _1\"></span>Netto).<span class=\"ff3\"> </span><table class=\"s w34c h720\" id=\"_3e497f6f-a4e8-4c1a-95fa-7c5807e57aee\"><tr><td></td><td></td><td class=\"c x274 y1588 w34d h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Incr<span class=\"_ _6\"></span>.to/decr<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>to con</div></td><td class=\"c x275 y1588 w34d h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Incr<span class=\"_ _6\"></span>.to/decr<span class=\"_ _6\"></span>.<span class=\"_ _1\"></span>to con</div></td><td class=\"c x276 y1588 w34e h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Differ<span class=\"_ _1\"></span>enze<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x277 y1589 w1be h7f\"><div class=\"t m0 x90 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x278 y158a w34f h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">impatto a<span class=\"_ _1\"></span> CE<span class=\"_ _41\"> </span></div></td><td class=\"c x279 y158a w350 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">impatto a<span class=\"_ _1\"></span> PN<span class=\"_ _41\"> </span></div></td><td class=\"c x27a y158a w351 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">cambi<span class=\"_ _41\"> </span></div></td><td class=\"c x27b y1589 w1c2 h7f\"><div class=\"t m0 x30 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x23a y158b w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 per impost<span class=\"_ _1\"></span>e anticipate<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y158c w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondi t<span class=\"_ _1\"></span>assati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y158c w1be h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.964<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y158c w1bf h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.333)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y158c w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y158c w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y158c w1c2 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.631<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y158d w1bd h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Svalut<span class=\"_ _1\"></span>azione rimanenze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y158d w1be h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.355<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y158d w1bf h2f\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(75)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y158d w1c0 h2f\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y158d w1c1 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y158d w1c2 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.280<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y158e w1bd h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione crediti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y158e w1be h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.299<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y158e w1bf h2f\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(999)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y158e w1c0 h2f\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y158e w1c1 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y158e w1c2 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.300<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y158f w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">E<span class=\"_ _1\"></span>ffetto fiscale<span class=\"_ _1\"></span> IFRS conv<span class=\"_ _1\"></span>ersion<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y158f w1be h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y158f w1bf h2c\"><div class=\"t m0 xe8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y158f w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y158f w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y158f w1c2 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1590 w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value partecipazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1590 w1be h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">915<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y1590 w1bf h2c\"><div class=\"t m0 xe8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1590 w1c0 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(915)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1590 w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1590 w1c2 h2c\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1591 w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1591 w1be h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.954<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y1591 w1bf h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(50)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1591 w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1591 w1c1 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.098)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1591 w1c2 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.806<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y1592 w352 h721\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale attivit<span class=\"_ _1\"></span>\u00e0 per imposte<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1593 w353 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">anticipa<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y1594 w1be h151\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">31.578<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y1594 w1bf h151\"><div class=\"t m0 x1c h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(2.457)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1594 w1c0 h151\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(915)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1594 w1c1 h151\"><div class=\"t m0 x59 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.098)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1594 w1c2 h151\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.108<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1595 w1bd h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 per imposte diff<span class=\"_ _1\"></span>erite<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y1596 w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1596 w1be h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.972<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y1596 w1bf h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27d y1596 w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1596 w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1596 w1c2 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.032<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1597 w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione debiti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1597 w1be h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">279<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y1597 w1bf h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(198)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1597 w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1597 w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1597 w1c2 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">81<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1598 w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">E<span class=\"_ _1\"></span>ffetto fiscale<span class=\"_ _1\"></span> IFRS conv<span class=\"_ _1\"></span>ersion<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1598 w1be h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">297<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y1598 w1bf h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(155)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1598 w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1598 w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1598 w1c2 h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">142<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y1599 w1bd h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value derivat<span class=\"_ _1\"></span>o<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y1599 w1be h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">620<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y1599 w1bf h2f\"><div class=\"t m0 xe8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y1599 w1c0 h2f\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y1599 w1c1 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y1599 w1c2 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">620<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y159a w1bd h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value partecipazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y159a w1be h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y159a w1bf h2f\"><div class=\"t m0 xe8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y159a w1c0 h2f\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">306<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27e y159a w1c1 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y159a w1c2 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">306<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y159b w1bd h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">PP<span class=\"_ _6\"></span>A<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x277 y159b w1be h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.197<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27c y159b w1bf h2c\"><div class=\"t m0 x58 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(241)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y159b w1c0 h2c\"><div class=\"t m0 x71 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27e y159b w1c1 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y159b w1c2 h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">956<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y159c w354 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale passivit<span class=\"_ _1\"></span>\u00e0 per imposte<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y159d w355 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">differit<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y159e w1be h44\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.365<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27c y159e w1bf h44\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(534)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27d y159e w1c0 h44\"><div class=\"t m0 x1f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">306<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x27e y159e w1c1 h44\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x27b y159e w1c2 h44\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.137<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y159f w352 h702\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale attivit<span class=\"_ _1\"></span>\u00e0 per imposte<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y15a0 w356 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">anticipa<span class=\"_ _1\"></span>te compensabili<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y15a1 w1be h151\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">31.578<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x27b y15a1 w1c2 h151\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.108<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y15a2 w354 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale passivit<span class=\"_ _1\"></span>\u00e0 per imposte<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y15a3 w357 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">differit<span class=\"_ _1\"></span>e compensabili<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y15a4 w1be h44\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.955)<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x27b y15a4 w1c2 h44\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(4.097)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y15a5 w358 h722\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 per impost<span class=\"_ _1\"></span>e anticipate<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y15a6 w359 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">nett<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y15a7 w1be h11e\"><div class=\"t m0 x36 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">27.623<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x27b y15a7 w1c2 h11e\"><div class=\"t m0 x32 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">23.011<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y15a8 w35a h722\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 per imposte diff<span class=\"_ _1\"></span>erite<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y15a9 w359 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">nett<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x277 y15aa w1be h11e\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">410<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td></td><td></td><td class=\"c x27b y15aa w1c2 h11e\"><div class=\"t m0 x1c h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>La <span class=\"_ _1\"></span>movimen<span class=\"_ _1\"></span>tazione<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>impos<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>ticipate <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>pass<span class=\"_ _4\"></span>iv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>imposte<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erite<span class=\"_ _41\"> </span>che <span class=\"_ _4\"></span>prese<span class=\"_ _1\"></span>ntano<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rispettiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>saldo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ls6\">23<span class=\"_ _1\"></span><span class=\"ls0\">.011 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>40 <span class=\"_ _4\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>\u00e8<span class=\"_ _41\"> </span></span></span>da attribuir<span class=\"_ _1\"></span>e ai seguenti<span class=\"_ _1\"></span> eff<span class=\"_ _1\"></span>etti:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">la rilevazione della fiscalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>associa<span class=\"_ _1\"></span>ta all\u2019<span class=\"_ _6\"></span>attual<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span>zz<span class=\"_ _1\"></span>azione dei <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editi e <span class=\"_ _4\"></span>debiti per balance <span class=\"_ _4\"></span>per la<span class=\"_ _41\"> </span></span></span>quota <span class=\"_ _4\"></span>iscritta <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>rigiro <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>fiscalit\u00e0 <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rita <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>crediti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>debiti <span class=\"_ _a\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>quota <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio 2025<span class=\"lsd\">; </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">l\u2019<span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nuov<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>iscrizione <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>rischi <span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>ssati <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>editi, <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>seguito <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>eventi<span class=\"_ _41\"> </span></span></span>comment<span class=\"_ _1\"></span>ati al<span class=\"_ _1\"></span>le note n. 14 <span class=\"ls13\">e <span class=\"ls6\">20<span class=\"lsd\">; </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2 ls10\">al<span class=\"ls0\">l\u2019imputazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>scalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>sul <span class=\"_ _9\"> </span><span class=\"ff8\">fai<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>value<span class=\"ff2\"> <span class=\"_ _b\"> </span>della <span class=\"_ _9\"> </span>part<span class=\"_ _1\"></span>ecipazione <span class=\"_ _b\"> </span>in <span class=\"_ _9\"> </span>Aireon <span class=\"_ _b\"></span>LLC <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ome <span class=\"_ _9\"> </span>riport<span class=\"_ _1\"></span>ato <span class=\"_ _b\"></span>nel<span class=\"_ _41\"> </span></span></span></span></span></span>comment<span class=\"_ _1\"></span>o alla not<span class=\"_ _1\"></span>a n.9; \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">alla <span class=\"_ _5\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rigiro <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>economico <span class=\"_ _5\"></span>dell\u2019<span class=\"_ _6\"></span>elimin<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>margini <span class=\"_ _5\"></span>sulle <span class=\"_ _a\"></span>opera<span class=\"_ _1\"></span>zioni <span class=\"_ _a\"></span>eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o del Gruppo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">al <span class=\"_ _4\"></span>rigir<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>della fiscalit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erita ass<span class=\"_ _4\"></span>ocia<span class=\"_ _1\"></span>ta al <span class=\"_ _4\"></span>proce<span class=\"_ _1\"></span>sso <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">Purchase Price Allocation</span> <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>IDS </span></span>AirNav<span class=\"_ _2\"></span>.<span class=\"ff3\"> </span>Il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>ritiene <span class=\"_ _a\"></span>ragione<span class=\"_ _1\"></span>volmen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>recuper<span class=\"_ _1\"></span>abili <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>anticipa<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>iscritte <span class=\"_ _a\"></span>sulla<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>base <span class=\"_ _a\"></span>degli <span class=\"_ _a\"></span>imponibili fiscali<span class=\"_ _1\"></span> prospettici de<span class=\"_ _1\"></span>sumibili dai piani appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>31.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Impost<span class=\"_ _1\"></span>e sul reddit<span class=\"_ _1\"></span>o del periodo<span class=\"_ _41\"> </span>Le <span class=\"_ _7\"> </span>impost<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>sul <span class=\"_ _7\"> </span>r<span class=\"_ _1\"></span>eddito  ammontano  complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>a <span class=\"_ _12\"> </span><span class=\"ls6\">39</span>.452  migliaia  di <span class=\"_ _7\"> </span>euro <span class=\"_ _7\"> </span>e  present<span class=\"_ _1\"></span>ano <span class=\"_ _7\"> </span>un<span class=\"_ _41\"> </span>de<span class=\"ls0\">cr<span class=\"_ _1\"></span>emento <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>13.750 <span class=\"_ _6\"></span>migliaia <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>imponibile <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>fisc<span class=\"_ _1\"></span>alit\u00e0<span class=\"_ _41\"> </span></span>diff<span class=\"_ _1\"></span>erita.<span class=\"_ _41\"> </span>Le impost<span class=\"_ _1\"></span>e corre<span class=\"_ _1\"></span>nti e la fisc<span class=\"_ _1\"></span>alit\u00e0 diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a sono riporta<span class=\"_ _1\"></span>te nella segue<span class=\"_ _1\"></span>nte t<span class=\"_ _1\"></span>abella:<table class=\"s w38d h742\" id=\"_debade63-d53d-4cee-bbb6-1d657a5abeb6\"><tr><td></td><td class=\"c x2f1 y16bb w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16bb w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16bb w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bb w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bc w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bc w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">30.466<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bc w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">42.782<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bc w4d h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(12.316)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bc w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">-28,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bd w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IRAP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bd w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.063<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bd w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.073<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bd w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.010)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bd w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-22,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16be w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale impost<span class=\"_ _1\"></span>e correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16be w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">37.529<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16be w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">51.855<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16be w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(14.326)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16be w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-27,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bf w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>e anticipate<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bf w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.457<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bf w4c h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.620<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bf w4d h31\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">837<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y16bf w4c h31\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">51,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16c0 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>e differite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c0 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(534)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16c0 w4c h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(273)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16c0 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(261)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16c0 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">95,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16c1 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale impost<span class=\"_ _1\"></span>e correnti, anticipat<span class=\"_ _1\"></span>e e differite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c1 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">39.452<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16c1 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">53.202<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16c1 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(13.750)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16c1 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-25,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y16c2 w4e h2f\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _4\"></span>giori de<span class=\"_ _1\"></span>ttagli sulla ril<span class=\"_ _1\"></span>evazione dell<span class=\"_ _1\"></span>e imposte an<span class=\"_ _1\"></span>ticipate e diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> si rinvia a quanto ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>o nella<span class=\"_ _41\"> </span>nota <span class=\"lsc\">11.<span class=\"_ _41\"> </span></span>Il ta<span class=\"_ _1\"></span>x ra<span class=\"_ _1\"></span>te per l\u2019impos<span class=\"_ _1\"></span>ta IRE<span class=\"_ _1\"></span>S dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025 <span class=\"ls3b\">\u00e8 <span class=\"_ _4\"></span></span>risult<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a pari al 23% in<span class=\"_ _1\"></span> riduzione sia<span class=\"_ _1\"></span> rispetto all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente per l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o deriv<span class=\"_ _1\"></span>ante dall<span class=\"_ _1\"></span>\u2019utilizz<span class=\"_ _1\"></span>o di f<span class=\"_ _1\"></span>ondi tassa<span class=\"_ _1\"></span>ti che <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019imposta t<span class=\"_ _1\"></span>eorica<span class=\"_ _1\"></span> del 24%.<table class=\"s w38f h741\" id=\"_1b9683a3-c593-4393-8757-d25340c3a20c\"><tr><td></td><td class=\"c x2f4 y16b0 w47 h7b\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2f6 y16b0 w47 h7b\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x2f4 y16b1 w47 h406\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b1 w48 h406\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Incidenz<span class=\"_ _1\"></span>a %<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b1 w47 h406\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b1 w48 h406\"><div class=\"t m0 x92 h2 y2b9 ff6 fs6 fc0 sc0 ls56 ws0\">        <span class=\"ls0\">Incidenz<span class=\"_ _1\"></span>a %</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td></tr><tr><td class=\"c x270 y16b2 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile ante<span class=\"_ _1\"></span> imposte<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b2 w47 h2f\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">132.577<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2f6 y16b2 w47 h2f\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">178.917<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y16b3 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>a teorica<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b3 w47 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.818<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b3 w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b3 w47 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">42.940<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b3 w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y16b4 w393 h707\"><div class=\"t m0 x1fd h3cd y1498 ff13 fs6 fc0 sc0 ls0 ws0\">Eff<span class=\"_ _1\"></span>etto delle variazioni in aument<span class=\"_ _1\"></span>o/(dim.ne)<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y16b5 w394 h707\"><div class=\"t m0 x1fd h2 y1430 ff13 fs6 fc0 sc0 ls0 ws0\">rispett<span class=\"_ _1\"></span>o a<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>'imposta ordinaria<span class=\"_ _41\"> </span></div></td><td class=\"c x2f4 y16b6 w47 h11e\"><div class=\"t m0 x1f h2 y2d3 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2f6 y16b6 w47 h11e\"><div class=\"t m0 x1f h2 y2d3 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y16b7 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Spese non deducibili<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b7 w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">226<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y16b7 w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b7 w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">282<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y16b7 w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y16b8 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b8 w47 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.578)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b8 w48 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-1,2%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b8 w47 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(440)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b8 w48 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y16b9 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES E<span class=\"_ _1\"></span>ffettiv<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b9 w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">30.466<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y16b9 w48 h2c\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">23,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b9 w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">42.782<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y16b9 w48 h2c\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">23,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f6 y16ba w205 h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il ta<span class=\"_ _1\"></span>x <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ate per l\u2019impost<span class=\"_ _1\"></span>a IRAP <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 202<span class=\"_ _4\"></span>5 \u00e8 risult<span class=\"_ _1\"></span>ato pari al 5,<span class=\"_ _4\"></span><span class=\"lsc\">33</span>% superiore<span class=\"_ _1\"></span> all\u2019imposta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>eorica del<span class=\"_ _41\"> </span>4,<span class=\"ls0\">8% per la pr<span class=\"_ _1\"></span>esenz<span class=\"_ _1\"></span>a di pos<span class=\"_ _1\"></span>te non deducibili. </span><div class=\"gs6\"><table class=\"s w395 h743\" id=\"_adf886a3-83a9-491b-9da5-ab13a6a661d0\"><tr><td></td><td class=\"c x2f1 y16c3 w47 h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x1fc y16c3 w47 h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x2f1 y16c4 w47 hf8\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRAP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fe y16c4 w48 hf8\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Incidenz<span class=\"_ _1\"></span>a %<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x1fc y16c4 w47 hf8\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRAP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ff y16c4 w48 hf8\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Incidenz<span class=\"_ _1\"></span>a %<span class=\"_ _41\"> </span><span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y16c5 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile ante<span class=\"_ _1\"></span> imposte<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c5 w47 h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">132.577<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x1fc y16c5 w47 h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">178.917<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x300 y16c6 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>a teorica<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c6 w47 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.364<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fe y16c6 w48 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,80%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x1fc y16c6 w47 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.552<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ff y16c6 w48 h2c\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,78%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x301 y16c7 w393 h707\"><div class=\"t m0 x1fd h3cd y1498 ff13 fs6 fc0 sc0 ls0 ws0\">Eff<span class=\"_ _1\"></span>etto delle variazioni in aument<span class=\"_ _1\"></span>o/(dim.ne)<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x301 y16c8 w394 h707\"><div class=\"t m0 x1fd h2 y1430 ff13 fs6 fc0 sc0 ls0 ws0\">rispett<span class=\"_ _1\"></span>o a<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>'imposta ordinaria<span class=\"_ _41\"> </span></div></td><td class=\"c x2f1 y16c9 w47 h44\"><div class=\"t m0 x1f h2 y2b9 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x1fc y16c9 w47 h44\"><div class=\"t m0 x1f h2 y2b9 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x300 y1584 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1584 w47 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">312<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fe y1584 w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x1fc y1584 w47 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">125<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y1584 w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,1%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y16ca w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Oneri e pro<span class=\"_ _1\"></span>venti finanziari<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16ca w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">388<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fe y16ca w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,3%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x1fc y16ca w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">396<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y16ca w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y16cb w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRAP E<span class=\"_ _1\"></span>ffettiva<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16cb w47 h2f\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">7.064<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fe y16cb w48 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">5,33%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x1fc y16cb w47 h2f\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">9.073<span class=\"_ _41\"> </span><span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y16cb w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">5,1%<span class=\"_ _41\"> </span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x1fc y16cc w205 h2c\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-577": {
   "value": "12.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Crediti e D<span class=\"_ _1\"></span>ebiti per imposte sul r<span class=\"_ _1\"></span>eddito<span class=\"ff3\"> </span>I <span class=\"_ _1\"></span>crediti <span class=\"_ _1\"></span>tributari <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti a<span class=\"_ _1\"></span>mmontano <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>16.384 migli<span class=\"_ _1\"></span>aia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>(658 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2024) e <span class=\"_ _5\"></span>rilevano <span class=\"_ _4\"></span>un <span class=\"_ _a\"></span>incr<span class=\"_ _1\"></span>emento <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>15.726 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>rispetto <span class=\"_ _5\"></span>all\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _4\"></span>preceden<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>crediti rif<span class=\"_ _1\"></span>eriti <span class=\"_ _5\"></span>alle <span class=\"_ _4\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>IRES <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>IRAP<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>emersi <span class=\"_ _4\"></span>tra <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>accon<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>impos<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>versa<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>mese <span class=\"_ _4\"></span>di giugno e nov<span class=\"_ _1\"></span>embre e le im<span class=\"_ _1\"></span>poste<span class=\"_ _1\"></span> rilevat<span class=\"_ _1\"></span>e per compet<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a nell\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio.<span class=\"ff3\"> </span>I <span class=\"_ _1\"></span>debiti per <span class=\"_ _1\"></span>imposte <span class=\"_ _1\"></span>sul r<span class=\"_ _1\"></span>eddito <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>792 migl<span class=\"_ _1\"></span>iaia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>(228 migl<span class=\"_ _1\"></span>iaia di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dicembr<span class=\"_ _1\"></span>e 2024) <span class=\"_ _1\"></span>sono rif<span class=\"_ _1\"></span>eriti al debito pe<span class=\"_ _1\"></span>r IRES ed IRAP delle<span class=\"_ _1\"></span> societ\u00e0 c<span class=\"_ _1\"></span>ontroll<span class=\"_ _1\"></span>ate.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-576": {
   "value": "13.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Crediti e d<span class=\"_ _1\"></span>ebiti da attivit\u00e0 <span class=\"_ _1\"></span>regolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a<span class=\"ff3\"> </span><table class=\"s w35b h723\" id=\"_597beded-9564-4f3d-a50c-fadf66eee51e\"><tr><td></td><td class=\"c x280 y15ab w1c4 h4d\"><div class=\"t m0 xa5 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">at 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x281 y15ab w1c5 h4d\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x282 y15ab we1 h4d\"><div class=\"t m0 x4a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x283 y15ac w1c3 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Crediti da attiv<span class=\"_ _1\"></span>it\u00e0 regolament<span class=\"_ _1\"></span>ata non corrent<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x283 y15ad w1c3 h4d\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti p<span class=\"_ _4\"></span>er Balan<span class=\"_ _1\"></span>ce<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x280 y15ad w1c4 h4d\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">195.098<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x281 y15ad w1c5 h4d\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">385.454<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x282 y15ad we1 h4d\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(190.356)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x283 y15ae w1c3 h4d\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Crediti da attiv<span class=\"_ _1\"></span>it\u00e0 regolament<span class=\"_ _1\"></span>ata corrente<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x283 y15af w1c3 h4d\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti p<span class=\"_ _4\"></span>er Balan<span class=\"_ _1\"></span>ce<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x280 y15af w1c4 h4d\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">220.446<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x281 y15af w1c5 h4d\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">223.541<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x282 y15af we1 h4d\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.095)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x282 y15b0 we1 h4d\"><div class=\"t m0 x2e h2 y3b6 ff11 fs8 fc0 sc0 ls0 ws0\">(migliaia<span class=\"_ _1\"></span> di euro)<span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"_ _1\"></span><span class=\"fc8\">Cr<span class=\"_ _1\"></span>edito <span class=\"_ _1\"></span>per<span class=\"fc0\"> <span class=\"_ _1\"></span><span class=\"fc8\">Bala<span class=\"_ _1\"></span>nce<span class=\"fc0\">, <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _6\"></span>dell\u2019<span class=\"_ _6\"></span>effe<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>attua<span class=\"_ _1\"></span>lizza<span class=\"_ _1\"></span>zione, am<span class=\"_ _1\"></span>monta<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>complessivi <span class=\"_ _6\"></span>415.544 <span class=\"_ _1\"></span>migliaia <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>euro </span></span></span></span>(6<span class=\"ls6\">08<span class=\"lsf\">.9</span>95<span class=\"_ _1\"></span><span class=\"ls0\"> <span class=\"_ _a\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _a\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>2024) <span class=\"_ _a\"></span>classific<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dei <span class=\"_ _a\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _a\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>220.446 </span></span>migliaia <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>che c<span class=\"_ _1\"></span>ompre<span class=\"_ _1\"></span>nde, <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o fina<span class=\"_ _1\"></span>nziario<span class=\"_ _1\"></span>, la <span class=\"_ _6\"></span>quota <span class=\"_ _1\"></span>inserit<span class=\"_ _1\"></span>a i<span class=\"_ _1\"></span>n t<span class=\"_ _1\"></span>ariff<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>202<span class=\"_ _4\"></span>6 <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>a ai <span class=\"_ _6\"></span>crediti <span class=\"_ _6\"></span>iscritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>2024 <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span><span class=\"ls10\">alla <span class=\"_ _1\"></span><span class=\"ls0\">quarta <span class=\"_ _6\"></span>quota <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>balance <span class=\"_ _6\"></span>iscritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>biennio <span class=\"_ _6\"></span>2020-2021, <span class=\"_ _6\"></span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>recuper<span class=\"_ _1\"></span>o </span></span>in <span class=\"_ _5\"></span>cinque <span class=\"_ _a\"></span>anni <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>decorrer<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>dal <span class=\"_ _a\"></span>2023 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>ex<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>prime <span class=\"_ _5\"></span>due <span class=\"_ _5\"></span>zone <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>di terminal<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>sette <span class=\"_ _9\"> </span>anni <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>elativ<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>terminale <span class=\"_ _9\"> </span>della <span class=\"_ _9\"> </span>ex <span class=\"_ _9\"> </span>terz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>zona <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ta<span class=\"_ _1\"></span>riffazione, <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n conf<span class=\"_ _1\"></span>ormit\u00e0  alla<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>richies<span class=\"_ _1\"></span>ta  av<span class=\"_ _1\"></span>anza<span class=\"_ _1\"></span>ta  dal  regola<span class=\"_ _1\"></span>tore  ENAC  e  pre<span class=\"_ _1\"></span>vist<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>come  tempis<span class=\"_ _1\"></span>tica  di <span class=\"_ _7\"> </span>re<span class=\"_ _1\"></span>cupero  dal Re<span class=\"_ _1\"></span>golamento Com<span class=\"_ _1\"></span>unitario <span class=\"_ _1\"></span>2020/1627. <span class=\"ff3\"> </span>Il <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>balance <span class=\"_ _4\"></span>nella <span class=\"_ _4\"></span>quota <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>accoglie <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pos<span class=\"_ _4\"></span>itiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>emersi <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span>che ammonta<span class=\"_ _1\"></span>no, al<span class=\"_ _1\"></span> lordo de<span class=\"_ _1\"></span>lla componen<span class=\"_ _1\"></span>te finanziaria,<span class=\"_ _1\"></span> a 36,5 milioni di e<span class=\"_ _1\"></span>uro e<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>no rif<span class=\"_ _1\"></span>eriti principalmen<span class=\"_ _1\"></span>te al balance <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>rischio <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di e<span class=\"_ _1\"></span>ntrambe <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>z<span class=\"_ _1\"></span>one di <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ariffazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erminale <span class=\"_ _1\"></span>(3 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o) <span class=\"_ _1\"></span>aven<span class=\"_ _1\"></span>do conseguit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>consun<span class=\"_ _1\"></span>tivo <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>un <span class=\"_ _11\"></span>-2,8% <span class=\"_ _4\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _1a\"></span>-4,2% <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>unit\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>servizio <span class=\"_ _5\"></span>rispetto <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>dato pianific<span class=\"_ _1\"></span>ato nel Piano <span class=\"_ _1\"></span>di Perf<span class=\"_ _1\"></span>ormance, al bala<span class=\"_ _1\"></span>nc<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> per il bonus <span class=\"ff8\">c<span class=\"_ _1\"></span>apacity<span class=\"ff2\"> per comples<span class=\"_ _1\"></span>sivi 13,4 milioni di eu<span class=\"_ _1\"></span>ro </span></span>dove <span class=\"_ _b\"></span>l\u2019indicat<span class=\"_ _1\"></span>ore <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>rit<span class=\"_ _1\"></span>ardo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>olo <span class=\"_ _9\"> </span>assis<span class=\"_ _1\"></span>tito <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>per <span class=\"_ _b\"></span>le <span class=\"_ _9\"> </span>sole <span class=\"_ _b\"></span>cause <span class=\"_ _9\"> </span>impu<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>alla Capogruppo <span class=\"_ _1\"></span>si \u00e8 a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a a <span class=\"_ _1\"></span>0,010 minu<span class=\"_ _1\"></span>ti di <span class=\"_ _1\"></span>ritar<span class=\"_ _1\"></span>do, al<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>sotto <span class=\"_ _1\"></span>del tar<span class=\"_ _1\"></span>get <span class=\"_ _1\"></span>fissato<span class=\"_ _1\"></span> di 0<span class=\"_ _1\"></span>,14 minuti<span class=\"_ _1\"></span> e al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Bala<span class=\"_ _1\"></span>nce rif<span class=\"_ _1\"></span>erito ai <span class=\"ff8\">writ<span class=\"_ _1\"></span>e off<span class=\"ff2\"> di<span class=\"_ _1\"></span> rotta<span class=\"_ _1\"></span> emersi <span class=\"_ _1\"></span>nel secondo e<span class=\"_ _1\"></span> terz<span class=\"_ _1\"></span>o <span class=\"ff8\">Ref<span class=\"_ _1\"></span>erence P<span class=\"_ _1\"></span>eriod<span class=\"ff2\"> per 17,9<span class=\"_ _1\"></span> milioni di eur<span class=\"_ _1\"></span>o, isc<span class=\"_ _1\"></span>ritto in<span class=\"_ _1\"></span> </span></span></span></span>conf<span class=\"_ _1\"></span>ormit\u00e0 al<span class=\"_ _1\"></span>le indicazioni f<span class=\"_ _1\"></span>ornite da<span class=\"_ _1\"></span>l regolat<span class=\"_ _1\"></span>ore.  <span class=\"ff3\"> </span><table class=\"s w35d h725\" id=\"_fb66629c-b140-4267-b1c0-372577d605d8\"><tr><td></td><td class=\"c x287 y15bf w1c4 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x288 y15bf w1c5 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x289 y15bf we1 h2c\"><div class=\"t m0 x4a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28a y15c0 w1c3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamenta<span class=\"_ _1\"></span>ta non corrente<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x28a y15c1 w1c3 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Debiti per balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x287 y15c1 w1c4 h2c\"><div class=\"t m0 x52 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">9.681<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x288 y15c1 w1c5 h2c\"><div class=\"t m0 x40 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">29.725<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x289 y15c1 we1 h2c\"><div class=\"t m0 x4e h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(20.044)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28a y15c2 w1c3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamenta<span class=\"_ _1\"></span>ta corrente<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x28a y15c3 w1c3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti per Balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x287 y15c3 w1c4 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">32.819<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x288 y15c3 w1c5 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.835<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x289 y15c3 we1 h2c\"><div class=\"t m0 x1c h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">10.984<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x289 y15c4 we1 h2c\"><div class=\"t m0 x2e h2 y3b6 ff11 fs8 fc0 sc0 ls0 ws0\">(migliaia<span class=\"_ _1\"></span> di euro)<span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _4\"></span><span class=\"fc8 ls0\">debiti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>Balance<span class=\"fc0\"> <span class=\"_ _4\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>42.500 <span class=\"_ _4\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>(51<span class=\"_ _1\"></span>.560 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al<span class=\"_ _41\"> </span></span></span>31 <span class=\"_ _9\"> </span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>2024), <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>cui <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>parte <span class=\"_ _9\"> </span>classifica<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>nei <span class=\"_ _9\"> </span>debiti <span class=\"_ _9\"> </span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _10\"> </span>\u00e8 <span class=\"_ _9\"> </span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span><span class=\"ls6\">32<span class=\"lse\">.8<span class=\"lsc\">19</span></span></span> <span class=\"_ _10\"> </span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>e<span class=\"_ _41\"> </span>corrispon<span class=\"_ _1\"></span>de all\u2019importo che, al lor<span class=\"_ _1\"></span>do dell\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto fina<span class=\"_ _1\"></span>nziario, verr<span class=\"_ _1\"></span>\u00e0 res<span class=\"_ _1\"></span>tituito ai ve<span class=\"_ _1\"></span>ttori tr<span class=\"_ _1\"></span>amite la t<span class=\"_ _1\"></span>ariffa nel<span class=\"_ _41\"> </span>2026<span class=\"lsf\">. </span>Il <span class=\"_ _1\"></span>debito <span class=\"_ _1\"></span>per Bal<span class=\"_ _1\"></span>ance nella<span class=\"_ _1\"></span> quot<span class=\"_ _1\"></span>a non<span class=\"_ _1\"></span> corr<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span> accogli<span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>balance <span class=\"_ _1\"></span>iscritti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>2025 ch<span class=\"_ _1\"></span>e ammon<span class=\"_ _1\"></span>tano<span class=\"_ _1\"></span>, al <span class=\"_ _1\"></span>lor<span class=\"_ _1\"></span>do<span class=\"_ _41\"> </span>della <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ompon<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>nte <span class=\"_ _4\"></span>finanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>9,7 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>inflazione <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>4,9 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>tien<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>conto <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>andamento <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>assi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>inflazione <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>consun<span class=\"_ _1\"></span>tivo <span class=\"_ _4\"></span>rispetto <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>inserito nel<span class=\"_ _1\"></span> Piano di P<span class=\"_ _1\"></span>erformance e al<span class=\"_ _1\"></span> balance <span class=\"ff8\">depreciation</span> per 2,<span class=\"_ _1\"></span>2 milioni di euro<span class=\"_ _1\"></span>. 14.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Crediti c<span class=\"_ _1\"></span>ommerciali c<span class=\"_ _1\"></span>orrenti<span class=\"_ _1\"></span> e non corren<span class=\"_ _1\"></span>ti I cr<span class=\"_ _1\"></span>editi commer<span class=\"_ _1\"></span>ciali <span class=\"_ _1\"></span>correnti <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>a 260.916 miglia<span class=\"_ _1\"></span>ia di euro <span class=\"_ _1\"></span>ed i cr<span class=\"_ _1\"></span>editi commer<span class=\"_ _1\"></span>ciali non c<span class=\"_ _1\"></span>orrenti<span class=\"_ _41\"> </span>a <span class=\"ls0\">273 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o e <span class=\"_ _1\"></span>hanno <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _1\"></span>, rispetto <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2024,<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>le v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></span>nella seguen<span class=\"_ _1\"></span>te tabe<span class=\"_ _1\"></span>lla:<table class=\"s w35c h724\" id=\"_88ca2153-fe8d-45bd-93ea-a2990bab9366\"><tr><td></td><td class=\"c x284 y15b1 w1c7 h2f\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b1 w2f h2f\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b1 w1c7 h2f\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15b2 w1c6 h31\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Crediti commerc<span class=\"_ _1\"></span>iali correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15b3 w1c6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso Eurocontr<span class=\"_ _1\"></span>ol<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b3 w1c7 h2c\"><div class=\"t m0 x4d h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">186.267<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b3 w2f h2c\"><div class=\"t m0 x4d h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">173.927<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b3 w1c7 h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">12.340<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15b4 w1c6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso Minist<span class=\"_ _1\"></span>ero dell'Economia e de<span class=\"_ _1\"></span>lle Finanze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b4 w1c7 h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">12.989<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b4 w2f h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">10.890<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b4 w1c7 h2c\"><div class=\"t m0 x66 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">2.099<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15b5 w1c6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso Minist<span class=\"_ _1\"></span>ero delle Infras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>asporti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b5 w1c7 h2f\"><div class=\"t m0 x1 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">30.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b5 w2f h2f\"><div class=\"t m0 x1 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">30.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b5 w1c7 h2f\"><div class=\"t m0 x2d h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15b6 w1c6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti verso altri clienti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b6 w1c7 h2f\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">56.420<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b6 w2f h2f\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">42.948<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b6 w1c7 h2f\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">13.472<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15b7 w1c6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Contract assets<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b7 w1c7 h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">12.405<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b7 w2f h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">12.006<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b7 w1c7 h2c\"><div class=\"t m0 x4e h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">399<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x284 y15b8 w1c7 h2c\"><div class=\"t m0 x4d h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">298.081<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x285 y15b8 w2f h2c\"><div class=\"t m0 x4d h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">269.771<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x286 y15b8 w1c7 h2c\"><div class=\"t m0 x1 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">28.310<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15b9 w1c6 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15b9 w1c7 h2c\"><div class=\"t m0 x4d h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(37.165)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x285 y15b9 w2f h2c\"><div class=\"t m0 x4d h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(37.309)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15b9 w1c7 h2c\"><div class=\"t m0 x4e h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">144<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15ba w1c6 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15ba w1c7 h2f\"><div class=\"t m0 x4d h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">260.916<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x285 y15ba w2f h2f\"><div class=\"t m0 x4d h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">232.462<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x286 y15ba w1c7 h2f\"><div class=\"t m0 x1 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">28.454<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15bb w1c6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Crediti commerc<span class=\"_ _1\"></span>iali non Correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15bc w1c6 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti verso clienti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15bc w1c7 h2f\"><div class=\"t m0 x4e h2 y868 ffb fs6 fc0 sc0 ls16 ws0\">273<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x285 y15bc w2f h2f\"><div class=\"t m0 x2d h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15bc w1c7 h2f\"><div class=\"t m0 x4e h2 y868 ffb fs6 fc0 sc0 ls16 ws0\">273<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15bd w1c6 h38\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x284 y15bd w1c7 h38\"><div class=\"t m0 x4e h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">273<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x285 y15bd w2f h38\"><div class=\"t m0 x2d h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x286 y15bd w1c7 h38\"><div class=\"t m0 x4e h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">273<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x285 y15be w1c8 h2c\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"_ _1\"></span><span class=\"fc3\">Credit<span class=\"_ _1\"></span>o ver<span class=\"_ _1\"></span>so Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol<span class=\"fc7\"> <span class=\"_ _1\"></span><span class=\"fc0\">si rif<span class=\"_ _1\"></span>erisce a<span class=\"_ _1\"></span>i co<span class=\"_ _1\"></span>rrispettivi <span class=\"_ _1\"></span>derivan<span class=\"_ _1\"></span>ti dai <span class=\"_ _1\"></span>rica<span class=\"_ _1\"></span>vi di <span class=\"_ _1\"></span>rott<span class=\"_ _1\"></span>a e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terminale <span class=\"_ _1\"></span>non anc<span class=\"_ _1\"></span>ora<span class=\"_ _41\"> </span></span></span></span>incassa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span><span class=\"lsc\">202</span>5, <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>prepond<span class=\"_ _1\"></span>erant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>ancora<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>scaduti, <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>rispettiv<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>134.675 migli<span class=\"_ _1\"></span>aia di eur<span class=\"_ _1\"></span>o (118.692 migliaia di<span class=\"_ _1\"></span> euro al<span class=\"_ _1\"></span> 31 dicembr<span class=\"_ _1\"></span>e 2024) e 51.592<span class=\"_ _1\"></span> migliaia di eur<span class=\"_ _1\"></span>o (55<span class=\"lse\">.2</span>3<span class=\"ls6\">5<span class=\"_ _41\"> </span></span>migliaia di<span class=\"_ _1\"></span> euro al 31 dice<span class=\"_ _1\"></span>mbre 2024) al lor<span class=\"_ _1\"></span>do del f<span class=\"_ _1\"></span>ondo sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one crediti. L<span class=\"_ _6\"></span>\u2019incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o complessiv<span class=\"_ _1\"></span>o di<span class=\"_ _41\"> </span>12<span class=\"ls0\">.340 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _5\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>al <span class=\"_ _4\"></span>maggior <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>attur<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>nei <span class=\"_ _5\"></span>mesi <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>novem<span class=\"_ _1\"></span>bre <span class=\"_ _5\"></span>e<span class=\"_ _41\"> </span></span>dicembr<span class=\"_ _1\"></span>e 2025 ris<span class=\"_ _1\"></span>petto a<span class=\"_ _1\"></span>i corris<span class=\"_ _1\"></span>pondenti mesi<span class=\"_ _1\"></span> del <span class=\"_ _1\"></span>2024, per<span class=\"_ _1\"></span> il maggior <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o aer<span class=\"_ _1\"></span>eo assis<span class=\"_ _1\"></span>tito nel<span class=\"_ _1\"></span> periodo<span class=\"_ _41\"> </span>di <span class=\"_ _7\"> </span>riferimen<span class=\"_ _1\"></span>to. <span class=\"_ _7\"> </span>Il <span class=\"_ _7\"> </span>credito  verso <span class=\"_ _7\"> </span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol, <span class=\"_ _12\"> </span>al <span class=\"_ _7\"> </span>nett<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>della <span class=\"_ _7\"> </span>quota <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>dirett<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>c<span class=\"_ _1\"></span>ompetenz<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>del <span class=\"_ _12\"> </span>f<span class=\"_ _1\"></span>ondo<span class=\"_ _41\"> </span>sv<span class=\"_ _1\"></span>alutazione cr<span class=\"_ _1\"></span>editi, ammon<span class=\"_ _1\"></span>ta a 159.723 migli<span class=\"_ _1\"></span>aia di eur<span class=\"_ _1\"></span>o (146.681 migliaia di eur<span class=\"_ _1\"></span>o al 31 dice<span class=\"_ _1\"></span>mbre 2024<span class=\"ls14\">). </span>Il <span class=\"_ _4\"></span><span class=\"fc3\">Cr<span class=\"_ _1\"></span>edito <span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dell\u2019Economia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>Finanz<span class=\"_ _1\"></span>e<span class=\"fc0\"> <span class=\"_ _4\"></span>(MEF) <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>12.98<span class=\"_ _1\"></span>9 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativo<span class=\"_ _41\"> </span></span></span>int<span class=\"_ _1\"></span>eramen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>esenzi<span class=\"_ _1\"></span>oni di <span class=\"_ _6\"></span>rotta <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terminale <span class=\"_ _1\"></span>rile<span class=\"_ _1\"></span>vate <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>decr<span class=\"_ _1\"></span>emento <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>2<span class=\"lse\">.0<span class=\"lsc\">99<span class=\"_ _4\"></span></span></span> <span class=\"_ _1\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>rispetto <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>dato <span class=\"_ _a\"></span>rilev<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _b\"></span>preceden<span class=\"_ _1\"></span>te, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>m<span class=\"_ _4\"></span>aggiori <span class=\"_ _a\"></span>unit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zio <span class=\"_ _b\"></span>esenti <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>terminal<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>svi<span class=\"_ _1\"></span>luppate <span class=\"_ _9\"> </span>nell\u2019<span class=\"_ _6\"></span>anno. <span class=\"_ _9\"> </span>Il <span class=\"_ _10\"> </span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _9\"> </span>del <span class=\"_ _10\"> </span>202<span class=\"_ _4\"></span>4 <span class=\"_ _9\"> </span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span>10.890 <span class=\"_ _10\"> </span>migliaia<span class=\"_ _1\"></span>  di <span class=\"_ _9\"> </span>euro <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span>compensa<span class=\"_ _1\"></span>zione, <span class=\"_ _4\"></span>a va<span class=\"_ _1\"></span>lle dell\u2019<span class=\"_ _6\"></span>approv<span class=\"_ _1\"></span>azione del bilancio 2024,<span class=\"_ _4\"></span> co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>il debit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ve<span class=\"_ _1\"></span>rso l\u2019<span class=\"_ _11\"></span>Aeronautic<span class=\"_ _1\"></span>a Militar<span class=\"_ _1\"></span>e per<span class=\"_ _41\"> </span>gli inca<span class=\"_ _1\"></span>ssi riguardan<span class=\"_ _1\"></span>ti la tariff<span class=\"_ _1\"></span>a di ro<span class=\"_ _1\"></span>tta pari a <span class=\"lsc\">61</span>.325 migliai<span class=\"_ _1\"></span>a di euro<span class=\"_ _1\"></span>, determinand<span class=\"_ _1\"></span>o un debito nett<span class=\"_ _1\"></span>o ver<span class=\"_ _1\"></span>so<span class=\"_ _41\"> </span>il MEF di <span class=\"ls6\">50<span class=\"_ _1\"></span><span class=\"ls0\">.435 migliaia di e<span class=\"_ _1\"></span>uro regol<span class=\"_ _1\"></span>ato nel mese <span class=\"_ _1\"></span>di dicembr<span class=\"_ _1\"></span>e 202<span class=\"_ _4\"></span><span class=\"lsc\">5.<span class=\"_ _41\"> </span></span></span></span>Il <span class=\"_ _1\"></span><span class=\"fc3\">Credit<span class=\"_ _1\"></span>o ver<span class=\"_ _1\"></span>so il <span class=\"_ _1\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o dell<span class=\"_ _1\"></span>e In<span class=\"_ _1\"></span>frastruttur<span class=\"_ _1\"></span>e e<span class=\"_ _1\"></span> dei <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>rasporti<span class=\"fc7\"> <span class=\"_ _1\"></span><span class=\"fc0\">accoglie <span class=\"_ _1\"></span>il c<span class=\"_ _1\"></span>ontribut<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o e<span class=\"_ _1\"></span>sercizio<span class=\"_ _1\"></span>, pari<span class=\"_ _41\"> </span></span></span></span>a 30 milioni<span class=\"_ _1\"></span> di euro<span class=\"_ _1\"></span>, finalizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o a compensar<span class=\"_ _1\"></span>e i costi<span class=\"_ _1\"></span> sost<span class=\"_ _1\"></span>enuti dalla Capogruppo <span class=\"_ _1\"></span>per gar<span class=\"_ _1\"></span>antir<span class=\"_ _1\"></span>e la sicur<span class=\"_ _1\"></span>ezza<span class=\"_ _41\"> </span>dei <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>opri <span class=\"_ _1\"></span>impianti <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>sicur<span class=\"_ _1\"></span>ezza <span class=\"_ _6\"></span>operativ<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>come <span class=\"_ _6\"></span>previs<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _6\"></span>11 <span class=\"_ _1\"></span>septies <span class=\"_ _1\"></span>della <span class=\"_ _6\"></span>Legge <span class=\"_ _1\"></span>248/05. <span class=\"_ _1\"></span>Nel <span class=\"_ _1\"></span>mese<span class=\"_ _41\"> </span>di ottobr<span class=\"_ _1\"></span>e sono st<span class=\"_ _1\"></span>ati incas<span class=\"_ _1\"></span>sati 30 milioni di eur<span class=\"_ _1\"></span>o rilev<span class=\"_ _1\"></span>ati nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2024. I <span class=\"_ _1\"></span><span class=\"fc8 ls0\">Crediti <span class=\"_ _6\"></span>verso <span class=\"_ _1\"></span>altri <span class=\"_ _6\"></span>clienti<span class=\"fc0\"> <span class=\"_ _1\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span><span class=\"ls6\">56<span class=\"ls0\">.420 <span class=\"_ _1\"></span>migliaia <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>inc<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>netto <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>1<span class=\"_ _4\"></span>3.4<span class=\"_ _1\"></span>72<span class=\"_ _41\"> </span></span></span></span></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rispetto <span class=\"_ _5\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>prece<span class=\"_ _1\"></span>dente, <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _4\"></span>rileva<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>anno<span class=\"_ _41\"> </span>sulle com<span class=\"_ _1\"></span>messe este<span class=\"_ _1\"></span>re<span class=\"lsf\">. </span>I <span class=\"fc8 ls0\">contr<span class=\"_ _1\"></span>act assets <span class=\"fc0\">ammont<span class=\"_ _1\"></span>ano a 12.405 migliaia di eur<span class=\"_ _1\"></span>o, in lie<span class=\"_ _1\"></span>ve incremen<span class=\"_ _1\"></span>to rispetto<span class=\"_ _1\"></span> al 31 dicembre 2024,<span class=\"_ _41\"> </span></span></span>per l\u2019<span class=\"_ _6\"></span>av<span class=\"_ _1\"></span>anz<span class=\"_ _1\"></span>amento de<span class=\"_ _1\"></span>lle attivit<span class=\"_ _1\"></span>\u00e0 su diver<span class=\"_ _1\"></span>se commesse e<span class=\"_ _1\"></span>ste<span class=\"_ _1\"></span>re.  Il <span class=\"_ _5\"></span>Fondo <span class=\"_ _4\"></span>svalut<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>crediti <span class=\"_ _5\"></span>ammonta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>comple<span class=\"_ _1\"></span>ssivi <span class=\"_ _4\"></span>3<span class=\"_ _4\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>165 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>e <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>riduzione <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>144 migliaia di eur<span class=\"_ _1\"></span>o. <table class=\"s w35e h726\" id=\"_9ad47897-f830-4325-9922-974e460f0ba5\"><tr><td></td><td></td><td></td><td></td><td class=\"c x28b y15c5 w1cd h73\"><div class=\"t m0 x36 h2 y2b7 ff6 fs6 fc0 sc0 ls0 ws0\">Decrementi<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x28c y15c6 w1ca h3d4\"><div class=\"t m0 x77 h3ef y2b9 ff6 fs262 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1\"> </span></div></td><td class=\"c x264 y15c6 w1cb h3d4\"><div class=\"t m0 x5b h3ef y2b9 ff6 fs262 fc0 sc0 ls0 ws0\">Incrementi<span class=\"ff1\"> </span></div></td><td class=\"c x28b y15c6 w1ca h3d4\"><div class=\"t m0 x3a h3ef y2b9 ff6 fs262 fc0 sc0 ls30 ws0\">       <span class=\"ls0\"> rilasci</span><span class=\"ls0\"><span class=\"ff1\"> </span></span></div></td><td class=\"c x28d y15c6 w1cb h3d4\"><div class=\"t m0 x92 h3ef y2b9 ff6 fs262 fc0 sc0 ls0 ws0\"> cancellazi<span class=\"_ _1\"></span>oni<span class=\"_ _4\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x28e y15c6 we0 h3d4\"><div class=\"t m0 x2c h3ef y2b9 ff6 fs262 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x28f y15c7 w1c9 h3d2\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x28c y15c7 w1ca h3d2\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.309<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x264 y15c7 w1cb h3d2\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.754<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x28b y15c7 w1ca h3d2\"><div class=\"t m0 x8e h2 y2b9 ffb fs6 fc0 sc0 ls56 ws0\">        <span class=\"ls0\">(1.040)</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td><td class=\"c x28d y15c7 w1cb h3d2\"><div class=\"t m0 x92 h2 y2b9 ffb fs6 fc0 sc0 ls56 ws0\">           <span class=\"ls0\">(2.858)</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td><td class=\"c x28e y15c7 we0 h3d2\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">37.165<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x28d y15c8 w1ce h3c6\"><div class=\"t m0 x4e h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"ff1 fs0\"> </span></div></td></tr></table>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _28\"> </span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _28\"> </span>del <span class=\"_ _28\"> </span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _28\"> </span>sval<span class=\"_ _1\"></span>utazione <span class=\"_ _18\"> </span>crediti <span class=\"_ _28\"> </span>r<span class=\"_ _1\"></span>ecepisce <span class=\"_ _28\"> </span>le <span class=\"_ _28\"> </span>posizioni <span class=\"_ _28\"> </span>assogge<span class=\"_ _1\"></span>ttat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>appli<span class=\"_ _1\"></span>cazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>modello <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>valuta<span class=\"_ _1\"></span>zione <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>tiene <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>dete<span class=\"_ _1\"></span>riorament<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>merit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>creditizio <span class=\"_ _6\"></span>oltre<span class=\"_ _41\"> </span>a sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>oni puntuali su sp<span class=\"_ _1\"></span>ecifiche posizioni cr<span class=\"_ _1\"></span>editizie. I <span class=\"_ _b\"></span>decremen<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>rife<span class=\"_ _1\"></span>riscono <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>1<span class=\"_ _4\"></span>.040 <span class=\"_ _b\"></span>migliaia <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>uro <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>sv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>prudenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>negli <span class=\"_ _4\"></span>eserci<span class=\"_ _1\"></span>zi <span class=\"_ _5\"></span>prece<span class=\"_ _1\"></span>denti <span class=\"_ _4\"></span>ed <span class=\"_ _5\"></span>incassa<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>corso <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>2.858 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>cancel<span class=\"_ _1\"></span>lazione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>mbito <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>urocontr<span class=\"_ _1\"></span>ol, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _4\"></span>lascia <span class=\"_ _4\"></span>impr<span class=\"_ _1\"></span>egiudica<span class=\"_ _1\"></span><span class=\"ls3\">to<span class=\"_ _4\"></span><span class=\"ls0\"> <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>diritto <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativo<span class=\"_ _41\"> </span></span></span>cre<span class=\"_ _1\"></span>dito.  35.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Attivit<span class=\"_ _1\"></span>\u00e0 e passivit<span class=\"_ _1\"></span>\u00e0 distint<span class=\"_ _1\"></span>e per scadenz<span class=\"_ _1\"></span>a e per cat<span class=\"_ _1\"></span>egoria<table class=\"s w366 h74c\" id=\"_71a0158d-1525-4521-b569-a40e0a60b59d\"><tr><td></td><td class=\"c x360 y173f w3d9 h702\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">Entro l'eserc<span class=\"_ _1\"></span>izio</div></td><td class=\"c x361 y173f w3da h702\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">Dal 2\u00b0 al 5\u00b0<span class=\"_ _41\"> </span></div></td><td class=\"c x362 y173f w3db h702\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">Oltre il 5\u00b0<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x363 y1740 w3dc h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">successivo<span class=\"_ _41\"> </span></div></td><td class=\"c x364 y1740 w3dd h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">esercizio<span class=\"_ _41\"> </span></div></td><td class=\"c x365 y1740 w3dd h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">esercizio<span class=\"_ _41\"> </span></div></td><td class=\"c x366 y1741 w6c h44\"><div class=\"t m0 x35 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1742 w233 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie non corr<span class=\"_ _1\"></span>enti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1742 w234 h2f\"><div class=\"t m0 x20 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1742 w6c h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y1742 w234 h2f\"><div class=\"t m0 x20 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1742 w6c h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1743 w233 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 per imposte an<span class=\"_ _1\"></span>ticipate<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1743 w234 h2f\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1743 w6c h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">23.011<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x369 y1743 w234 h2f\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1743 w6c h2f\"><div class=\"t m0 x34 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">23.011<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1744 w233 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti p<span class=\"_ _4\"></span>er a<span class=\"_ _1\"></span>ttivit\u00e0 regolament<span class=\"_ _1\"></span>ata non corre<span class=\"_ _1\"></span>nti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1744 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1744 w6c h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">195.099<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x369 y1744 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1744 w6c h2c\"><div class=\"t m0 x2f h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">195.099<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1745 w233 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1745 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1745 w6c h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y1745 w234 h2c\"><div class=\"t m0 x37 h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">179<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x366 y1745 w6c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">273<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1746 w233 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Altri cr<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>di<span class=\"_ _1\"></span>ti non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1746 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1746 w6c h2c\"><div class=\"t m0 xab h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y1746 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1746 w6c h2c\"><div class=\"t m0 xab h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1747 w233 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1747 w234 h2f\"><div class=\"t m0 x20 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1747 w6c h2f\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">218.608<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y1747 w234 h2f\"><div class=\"t m0 x37 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">179<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x366 y1747 w6c h2f\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">218.787<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1748 w233 h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ivit\u00e0 finanziarie<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1748 w234 h31\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">389.234<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1748 w6c h31\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">108.978<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x369 y1748 w234 h31\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">112.462<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1748 w6c h31\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">610.674<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1749 w233 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ivit\u00e0 per imposte diff<span class=\"_ _1\"></span>erite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y1749 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y1749 w6c h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">40<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y1749 w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y1749 w6c h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">40<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y174a w233 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y174a w234 h2c\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y174a w6c h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">35.126<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x369 y174a w234 h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">102.132<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y174a w6c h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">137.258<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y174b w233 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti per attivi<span class=\"_ _1\"></span>t\u00e0 regolamenta<span class=\"_ _1\"></span>ta non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y174b w234 h2f\"><div class=\"t m0 x20 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y174b w6c h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.681<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x369 y174b w234 h2f\"><div class=\"t m0 x20 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y174b w6c h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.681<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y174c w233 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti commer<span class=\"_ _1\"></span>ciali non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y174c w234 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x368 y174c w6c h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">471<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y174c w234 h2f\"><div class=\"t m0 x20 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x366 y174c w6c h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">471<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y174d w233 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x367 y174d w234 h2c\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">389.234<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x368 y174d w6c h2c\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">154.296<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x369 y174d w234 h2c\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">214.594<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x366 y174d w6c h2c\"><div class=\"t m0 x2f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">758.124<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x369 y174e w235 h2c\"><div class=\"t m0 x24 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Le passivit<span class=\"_ _1\"></span>\u00e0 finanziarie inclu<span class=\"_ _1\"></span>dono anche gli int<span class=\"_ _1\"></span>eressi banc<span class=\"_ _1\"></span>ari per l\u2019inte<span class=\"_ _1\"></span>ra dur<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> dei finanziamen<span class=\"_ _1\"></span>ti. Le <span class=\"_ _4\"></span>altre <span class=\"_ _4\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>sca<span class=\"_ _1\"></span>denza <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>5<span class=\"_ _4\"></span>\u00b0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>esercizio <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>riscono <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>quota<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>ributi <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>impianti <span class=\"_ _a\"></span>commisur<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>agli <span class=\"_ _a\"></span>ammortamen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>proge<span class=\"_ _1\"></span>tti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>inv<span class=\"_ _1\"></span>estimen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>a <span class=\"_ _a\"></span>cui <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>riferi<span class=\"_ _1\"></span>scono <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>quota c<span class=\"_ _1\"></span>he si river<span class=\"_ _1\"></span>ser\u00e0 a c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>o economico oltre<span class=\"_ _1\"></span> il 5\u00b0 esercizi<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Si <span class=\"_ _1\"></span>pre<span class=\"_ _1\"></span>cisa <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alore <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>iscrizione <span class=\"_ _6\"></span>delle <span class=\"_ _1\"></span>passivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _6\"></span>correnti <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>approssima<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>il <span class=\"ff8\">f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value<span class=\"_ _41\"> </span></span>delle s<span class=\"_ _1\"></span>tesse.<span class=\"_ _41\"> </span>Nelle <span class=\"_ _9\"> </span>seguenti <span class=\"_ _9\"> </span>tabelle <span class=\"_ _9\"> </span>si  ri<span class=\"_ _1\"></span>porta <span class=\"_ _9\"> </span>il <span class=\"_ _10\"> </span>detta<span class=\"_ _1\"></span>glio <span class=\"_ _10\"> </span>delle <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _10\"> </span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>Gruppo <span class=\"_ _10\"> </span>richies<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dall\u2019IFR<span class=\"_ _1\"></span>S 7 secondo le ca<span class=\"_ _1\"></span>teg<span class=\"_ _1\"></span>orie individuat<span class=\"_ _1\"></span>e dall\u2019IFRS 9<span class=\"_ _1\"></span>, valorizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e al 31 dicembre 2<span class=\"_ _1\"></span>025 e 2024:<div class=\"gs1e\"><table class=\"s w3de h74d\" id=\"_8a351f11-dd05-4d39-a14a-23967f16b9f5\"><tr><td></td><td></td><td class=\"c x36a y174f w3df h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x36b y174f w3e0 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x36c y174f w3e0 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x36d y1750 w3e1 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">finanziarie al<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x36e y1750 w3e2 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">finanziarie al</div></td><td class=\"c x36f y1750 w3e1 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">finanziarie al<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x370 y1751 w3e3 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">fair v<span class=\"_ _1\"></span>alue con</div></td><td class=\"c x371 y1751 w3e0 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x372 y1751 w3e4 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">fair</div></td><td class=\"c x373 y1751 w3e3 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">fair v<span class=\"_ _1\"></span>alue con<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x374 y1752 w3e5 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Attivi<span class=\"_ _1\"></span>t\u00e0</div></td><td class=\"c x375 y1752 w3e6 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">impatto sul</div></td><td class=\"c x376 y1752 w3e7 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">finanziarie<span class=\"_ _41\"> </span></div></td><td class=\"c x377 y1752 w3e8 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">value co<span class=\"_ _1\"></span>n<span class=\"_ _41\"> </span></div></td><td class=\"c x378 y1752 w3e9 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">impatto<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x379 y1753 w3ea h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">finanziarie e<span class=\"_ _41\"> </span></div></td><td class=\"c x37a y1753 w3eb h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">conto</div></td><td class=\"c x37b y1753 w3ec h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">e debiti al</div></td><td class=\"c x37c y1753 w3ed h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">impatto sul</div></td><td class=\"c x37d y1753 w3ee h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">sul conto<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x37e y1754 w3ef h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">crediti al cos<span class=\"_ _1\"></span>to</div></td><td class=\"c x37f y1754 w3f0 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x380 y1754 w3f1 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">costo<span class=\"_ _41\"> </span></div></td><td class=\"c x381 y1754 w3f2 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">conto</div></td><td class=\"c x382 y1754 w3f3 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x383 y1754 w3f4 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">al<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x384 y1755 w3f5 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ammortizza<span class=\"_ _1\"></span>to</div></td><td class=\"c x385 y1755 w3f6 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">complessivo</div></td><td class=\"c x386 y1755 w3f7 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">ammortizza<span class=\"_ _1\"></span>to</div></td><td class=\"c x387 y1755 w3f8 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">economico</div></td><td class=\"c x388 y1755 w3f9 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">complessivo</div></td><td class=\"c x389 y1755 w3fa h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">31.12.2025<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x2b6 y1756 w237 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Part<span class=\"_ _1\"></span>ecipazioni in altre impr<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>se<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y1756 w238 h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y1756 wc3 h2f\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">53.733<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1756 w239 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1756 w23a h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1756 w23b h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1756 w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">53.733<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y1757 w3fb h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie corre<span class=\"_ _1\"></span>nti e non<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1758 w3d1 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y1759 w238 h44\"><div class=\"t m0 x1b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x38b y1759 wc3 h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1759 w239 h44\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1759 w23a h44\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1759 w23b h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1759 w1b1 h44\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x2b6 y175a w237 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y175a w238 h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">261.190<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y175a wc3 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y175a w239 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y175a w23a h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y175a w23b h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y175a w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">261.190<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y175b w3fc h74e\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti da attivit\u00e0 regolament<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y175c w3fd h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti e non correnti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y175d w238 h151\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">415.535<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y175d wc3 h151\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y175d w239 h151\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y175d w23a h151\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y175d w23b h151\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y175d w1b1 h151\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">415.535<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y175e w237 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> attivit\u00e0 corren<span class=\"_ _1\"></span>ti e non correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y175e w238 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">38.185<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y175e wc3 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y175e w239 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y175e w23a h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y175e w23b h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y175e w1b1 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">38.185<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y175f w3fe h747\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Disponibilit\u00e0 liqui<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>e e<span class=\"_ _1\"></span> mezzi<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1760 w3ff h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">equiv<span class=\"_ _1\"></span>al<span class=\"_ _4\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y1761 w238 h11e\"><div class=\"t m0 x4d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">447.673<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y1761 wc3 h11e\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1761 w239 h11e\"><div class=\"t m0 x52 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1761 w23a h11e\"><div class=\"t m0 x4e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1761 w23b h11e\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1761 w1b1 h11e\"><div class=\"t m0 xa5 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">447.673<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y1762 w237 h2f\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y1762 w238 h2f\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.162.927<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x38b y1762 wc3 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">53.733<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x38c y1762 w239 h2f\"><div class=\"t m0 x52 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1762 w23a h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1762 w23b h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1762 w1b1 h2f\"><div class=\"t m0 x7e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.216.660<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y1763 w400 h747\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Pass<span class=\"_ _1\"></span>ivit\u00e0 finanziarie corre<span class=\"_ _1\"></span>nti e no<span class=\"_ _4\"></span>n<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1764 w3d1 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y1765 w238 h11e\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y1765 wc3 h11e\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1765 w239 h11e\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">579.215<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1765 w23a h11e\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1765 w23b h11e\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1765 w1b1 h11e\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">579.215<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y1766 w237 h2f\"><div class=\"t m0 x0 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">Debiti commer<span class=\"_ _1\"></span>ciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y1766 w238 h2f\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y1766 wc3 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1766 w239 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">146.129<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1766 w23a h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1766 w23b h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1766 w1b1 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">146.129<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y1767 w401 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamenta<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1768 w3fd h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti e non correnti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y1769 w238 h44\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y1769 wc3 h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y1769 w239 h44\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">42.500<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y1769 w23a h44\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y1769 w23b h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y1769 w1b1 h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">42.500<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y176a w402 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 correnti e non<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y176b w3d1 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td class=\"c x38a y176c w238 h44\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y176c wc3 h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y176c w239 h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">340.772<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38d y176c w23a h44\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y176c w23b h44\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y176c w1b1 h44\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">340.772<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y176d w237 h31\"><div class=\"t m0 x0 h2 yfc4 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38a y176d w238 h31\"><div class=\"t m0 xab h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38b y176d wc3 h31\"><div class=\"t m0 x37 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38c y176d w239 h31\"><div class=\"t m0 x5b h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">1.108.616<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x38d y176d w23a h31\"><div class=\"t m0 x4e h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38e y176d w23b h31\"><div class=\"t m0 x37 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x38f y176d w1b1 h31\"><div class=\"t m0 x7e h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">1.108.616<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x38e y176e w23d h2f\"><div class=\"t m0 x3e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div><div class=\"gs20\"><table class=\"s w403 h74f\" id=\"_6792f9d8-ad07-41bf-9202-7f0f2797f0c3\"><tr><td></td><td></td><td class=\"c x390 y1770 w404 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x391 y1770 w405 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x392 y1770 w405 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x393 y1771 w406 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">finanziarie<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x394 y1771 w407 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">finanziari<span class=\"_ _1\"></span>e al<span class=\"_ _41\"> </span></div></td><td class=\"c x395 y1771 w408 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">finanziarie<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x396 y1772 w404 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttivit\u00e0</div></td><td class=\"c x397 y1772 w409 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">al fai<span class=\"_ _1\"></span>r value<span class=\"_ _41\"> </span></div></td><td class=\"c x398 y1772 w40a h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0</div></td><td class=\"c x399 y1772 w40b h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">fair <span class=\"_ _1\"></span>value<span class=\"_ _41\"> </span></div></td><td class=\"c x39a y1772 w40c h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">al fai<span class=\"_ _1\"></span>r value<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x39b y1773 w40d h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">finanziari<span class=\"_ _1\"></span>e e<span class=\"_ _41\"> </span></div></td><td class=\"c x39c y1773 w40e h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">con impatt<span class=\"_ _1\"></span>o</div></td><td class=\"c x39d y1773 w40d h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">finanziari<span class=\"_ _1\"></span>e e<span class=\"_ _41\"> </span></div></td><td class=\"c x39e y1773 w40f h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">con</div></td><td class=\"c x39f y1773 w410 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">con impatt<span class=\"_ _1\"></span>o sul<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3a0 y1774 w411 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">crediti<span class=\"_ _41\"> </span></div></td><td class=\"c x3a1 y1774 w412 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">sul cont<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></div></td><td class=\"c x3a2 y1774 w413 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">debiti <span class=\"ls2c\">al<span class=\"_ _41\"> </span></span></div></td><td class=\"c x3a3 y1774 w414 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">impatto s<span class=\"_ _1\"></span>ul<span class=\"_ _41\"> </span></div></td><td class=\"c x3a4 y1774 w415 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">conto<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x3a5 y1775 w416 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">al cos<span class=\"_ _1\"></span>to</div></td><td class=\"c x3a6 y1775 w417 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x3a7 y1775 w418 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">cost<span class=\"_ _1\"></span>o</div></td><td class=\"c x3a8 y1775 w419 h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">conto<span class=\"_ _41\"> </span></div></td><td class=\"c x3a9 y1775 w41a h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x3aa y1775 w41b h750\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">al<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x3ab y1776 w41c h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">ammortizz<span class=\"_ _1\"></span>ato</div></td><td class=\"c x39c y1776 w41d h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">complessiv<span class=\"_ _1\"></span>o</div></td><td class=\"c x3ac y1776 w41c h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">ammortizz<span class=\"_ _1\"></span>ato</div></td><td class=\"c x3a3 y1776 w417 h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x3ad y1776 w41e h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">complessiv<span class=\"_ _1\"></span>o</div></td><td class=\"c x3ae y1776 w41f h71c\"><div class=\"t m0 x1fd ha7 y176f ff6 fs9 fc0 sc0 ls0 ws0\">31.12.2024<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x300 y1777 w23f h2f\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Part<span class=\"_ _1\"></span>ecipazioni in altr<span class=\"_ _1\"></span>e imprese<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1777 w113 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1777 w240 h2f\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">54.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1777 w241 h2f\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1777 w1e1 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1777 w6f h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1777 w242 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">54.744<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y1778 w23f h2c\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Atti<span class=\"_ _1\"></span>vit\u00e0 finanziari<span class=\"_ _1\"></span>e correnti e<span class=\"_ _1\"></span> non correnti<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1778 w113 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3af y1778 w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1778 w241 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1778 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1778 w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1778 w242 h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">344<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y1779 w23f h2c\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1779 w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">232.462<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1779 w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1779 w241 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1779 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1779 w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1779 w242 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">232.462<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x301 y177a w420 h751\"><div class=\"t m0 x1fd hbe y14e2 ffb fs8 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti da attivit\u00e0 <span class=\"_ _1\"></span>regolamentat<span class=\"_ _1\"></span>a corr<span class=\"_ _1\"></span>enti e<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x301 y177b w322 h710\"><div class=\"t m0 x1fd hbe y14e2 ffb fs8 fc0 sc0 ls0 ws0\">non corr<span class=\"_ _1\"></span>enti<span class=\"_ _41\"> </span></div></td><td class=\"c x219 y177c w113 hc0\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">608.995<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y177c w240 hc0\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y177c w241 hc0\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y177c w1e1 hc0\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y177c w6f hc0\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y177c w242 hc0\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">608.995<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y177d w23f h2f\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e attivit\u00e0 corr<span class=\"_ _1\"></span>enti e non c<span class=\"_ _1\"></span>orrenti<span class=\"ff1\"> </span></div></td><td class=\"c x219 y177d w113 h2f\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.399<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y177d w240 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y177d w241 h2f\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y177d w1e1 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y177d w6f h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y177d w242 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.399<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y177e w23f h2c\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Disponibili<span class=\"_ _1\"></span>t\u00e0 liquide e mezzi<span class=\"_ _1\"></span> equivalenti<span class=\"ff1\"> </span></div></td><td class=\"c x219 y177e w113 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">356.821<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y177e w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y177e w241 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y177e w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y177e w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y177e w242 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">356.821<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y177f w23f h2c\"><div class=\"t m0 x0 hbd yad5 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x219 y177f w113 h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.219.021<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3af y177f w240 h2c\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">54.744<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3b0 y177f w241 h2c\"><div class=\"t m0 x65 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y177f w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y177f w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y177f w242 h2c\"><div class=\"t m0 x77 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.273.765<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y1780 w23f h2c\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> correnti e non <span class=\"_ _1\"></span>correnti<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1780 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1780 w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1780 w241 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">589.664<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1780 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1780 w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1780 w242 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">589.664<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y1781 w23f h2f\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Debiti co<span class=\"_ _1\"></span>mm<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>ciali<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1781 w113 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1781 w240 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1781 w241 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">129.807<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1781 w1e1 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1781 w6f h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1781 w242 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">129.807<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x301 y1782 w421 h752\"><div class=\"t m0 x1fd hbe y14e2 ffb fs8 fc0 sc0 ls0 ws0\">Debiti da a<span class=\"_ _1\"></span>ttivit\u00e0 reg<span class=\"_ _1\"></span>olamentata c<span class=\"_ _1\"></span>orrenti e<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x301 y1783 w322 h710\"><div class=\"t m0 x1fd hbe y14e2 ffb fs8 fc0 sc0 ls0 ws0\">non corr<span class=\"_ _1\"></span>enti<span class=\"_ _41\"> </span></div></td><td class=\"c x219 y1784 w113 h59\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1784 w240 h59\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1784 w241 h59\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">51.560<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1784 w1e1 h59\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1784 w6f h59\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1784 w242 h59\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">51.560<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y1785 w23f h2c\"><div class=\"t m0 x0 hbe yad5 ffb fs8 fc0 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e passivit\u00e0 corr<span class=\"_ _1\"></span>enti e non co<span class=\"_ _1\"></span>rrenti<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1785 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1785 w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1785 w241 h2c\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">318.395<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b1 y1785 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1785 w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1785 w242 h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">318.395<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y1786 w23f h2c\"><div class=\"t m0 x0 hbd yad5 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x219 y1786 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3af y1786 w240 h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b0 y1786 w241 h2c\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.089.426<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3b1 y1786 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b2 y1786 w6f h2c\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b3 y1786 w242 h2c\"><div class=\"t m0 x77 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.089.426<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3b2 y1787 w244 h2f\"><div class=\"t m0 x20 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-578": {
   "value": "15.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Rimanenz<span class=\"_ _1\"></span>e<span class=\"ff3\"> </span>Le <span class=\"_ _4\"></span>rimanenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>magazz<span class=\"_ _1\"></span>ino, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>parti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ricambio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del f<span class=\"_ _1\"></span>ondo <span class=\"_ _5\"></span>svalut<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span><span class=\"ls6\">59</span>.<span class=\"lsc\">820</span> <span class=\"_ _a\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>decrement<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>netto<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _4\"></span>6<span class=\"_ _4\"></span>5<span class=\"_ _1\"></span>3<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>31 dicembr<span class=\"_ _1\"></span>e 2024. La movime<span class=\"_ _1\"></span>ntazione rile<span class=\"_ _1\"></span>vat<span class=\"_ _1\"></span>a nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio \u00e8 di seguito r<span class=\"_ _1\"></span>apprese<span class=\"_ _1\"></span>nta<span class=\"_ _1\"></span>ta:<span class=\"ff3\"> </span><table class=\"s w35f h727\" id=\"_acd326a6-7913-414a-a6dd-890dd036d125\"><tr><td></td><td class=\"c x290 y15c9 w4d h3d2\"><div class=\"t m0 x48 h2 y4c7 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y15c9 w4c h3d2\"><div class=\"t m0 x2e h2 y4c7 ff6 fs6 fc0 sc0 ls0 ws0\">Incrementi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y15c9 w4d h3d2\"><div class=\"t m0 x5a h2 y4c7 ff6 fs6 fc0 sc0 ls0 ws0\">Decrementi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y15c9 w4c h3d2\"><div class=\"t m0 x48 h2 y4c7 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15ca w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Magazzino<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y15ca w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">70.286<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y15ca w4c h2c\"><div class=\"t m0 x1db h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">3.649<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y15ca w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(4.617)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y15ca w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">69.318<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15cb w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo Sv<span class=\"_ _1\"></span>alutazione magazzino<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y15cb w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(9.813)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y15cb w4c h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y15cb w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">333<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y15cb w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(9.498)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15cc w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y15cc w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">60.473<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y15cc w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">3.631<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y15cc w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(4.284)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y15cc w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">59.820<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y15cd w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _25\"> </span>di <span class=\"_ _d\"> </span>3.631 <span class=\"_ _25\"> </span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _25\"> </span>di <span class=\"_ _d\"> </span>euro, <span class=\"_ _d\"> </span>al <span class=\"_ _25\"> </span>nett<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>del <span class=\"_ _d\"> </span>fondo <span class=\"_ _25\"> </span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _d\"> </span>magazzino<span class=\"_ _1\"></span>, <span class=\"_ _25\"> </span>si <span class=\"_ _d\"> </span>riferisce<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e <span class=\"ls10\">al</span>l\u2019<span class=\"_ _6\"></span>acquis<span class=\"_ _1\"></span>to di parti di ricambio per i sis<span class=\"_ _1\"></span>temi oper<span class=\"_ _1\"></span>ativi adibiti alla na<span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>azione aerea tr<span class=\"_ _1\"></span>a cui<span class=\"_ _41\"> </span>parti <span class=\"_ _10\"> </span>di  ric<span class=\"_ _1\"></span>ambio <span class=\"_ _10\"> </span>a  su<span class=\"_ _1\"></span>pporto <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>ra<span class=\"_ _1\"></span>dar<span class=\"_ _6\"></span>, <span class=\"_ _10\"> </span>delle <span class=\"_ _10\"> </span>te<span class=\"_ _1\"></span>lecomunicazioni <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>sis<span class=\"_ _1\"></span>temi <span class=\"_ _10\"> </span>meteo <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>gli <span class=\"_ _10\"> </span>hardw<span class=\"_ _1\"></span>are<span class=\"_ _41\"> </span>acquis<span class=\"_ _1\"></span>tati <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>proge<span class=\"_ _1\"></span>tti di <span class=\"_ _1\"></span>vendi<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>vers<span class=\"_ _1\"></span>o clien<span class=\"_ _1\"></span>ti es<span class=\"_ _1\"></span>teri. <span class=\"_ _1\"></span>Una <span class=\"_ _1\"></span>p<span class=\"_ _4\"></span>art<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dell\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>pari a <span class=\"_ _1\"></span>579 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>si <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erisce <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>parti <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>classifica<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>magazzi<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>prove<span class=\"_ _1\"></span>nienti <span class=\"_ _4\"></span>dalle <span class=\"_ _5\"></span>a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _4\"></span>mate<span class=\"_ _1\"></span>riali. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>decre<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>4.284 <span class=\"_ _9\"> </span>migliaia <span class=\"_ _10\"> </span>di <span class=\"_ _10\"> </span>eur<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>riguarda <span class=\"_ _10\"> </span>gli <span class=\"_ _9\"> </span>impieghi <span class=\"_ _10\"> </span>sia <span class=\"_ _9\"> </span>delle  parti<span class=\"_ _1\"></span>  di<span class=\"_ _1\"></span>  ric<span class=\"_ _1\"></span>ambio <span class=\"_ _10\"> </span>nei<span class=\"_ _1\"></span>  sis<span class=\"_ _1\"></span>temi <span class=\"_ _9\"> </span>opera<span class=\"_ _1\"></span>tivi  che <span class=\"_ _9\"> </span>per<span class=\"_ _41\"> </span>l\u2019hardw<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>impieg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>vendita<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>clienti <span class=\"_ _a\"></span>est<span class=\"_ _1\"></span>eri,<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>ris<span class=\"_ _4\"></span>ult<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>sup<span class=\"_ _4\"></span>erio<span class=\"_ _1\"></span>ri <span class=\"_ _a\"></span>rispetto <span class=\"_ _a\"></span>agli <span class=\"_ _a\"></span>acquisti<span class=\"_ _41\"> </span>eff<span class=\"_ _1\"></span>ettuati<span class=\"_ _1\"></span> nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-579": {
   "value": "16.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 co<span class=\"_ _1\"></span>rrenti e non <span class=\"_ _1\"></span>correnti<span class=\"_ _41\"> </span>Le altr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>ttivit\u00e0 c<span class=\"_ _1\"></span>orrenti <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>a 38.125 miglia<span class=\"_ _1\"></span>ia di eur<span class=\"_ _1\"></span>o e r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano un <span class=\"ls10\">in</span>cr<span class=\"_ _1\"></span>emento ne<span class=\"_ _1\"></span>tto di 17.<span class=\"_ _1\"></span>594<span class=\"_ _41\"> </span>migliaia di euro, rispetto all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te imputabile a<span class=\"_ _4\"></span>i crediti ver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>enti pubblici<span class=\"_ _41\"> </span>per contri<span class=\"_ _1\"></span>buti in cont<span class=\"_ _1\"></span>o impian<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> La voce in ogge<span class=\"_ _1\"></span>tto \u00e8 cos\u00ec c<span class=\"_ _1\"></span>ompost<span class=\"_ _1\"></span>a:<table class=\"s w360 h728\" id=\"_ed66e8cb-1a5b-430c-ac3f-9a524c0398bc\"><tr><td></td><td class=\"c x294 y15ce w19f h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15ce w1d1 h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15ce w1d2 h31\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15cf w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15d0 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti pubblici per c<span class=\"_ _1\"></span>ontributi in cont<span class=\"_ _1\"></span>o impianti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d0 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.168<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d0 w1d1 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">936<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d0 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.232<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d1 w1d0 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d1 w19f h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">2.751<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d1 w1d1 h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">3.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d1 w1d2 h2c\"><div class=\"t m0 x2d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(489)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d2 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti vari<span class=\"_ _1\"></span> per progetti finanzia<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d2 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.076<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d2 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d2 w1d2 h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.446<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d3 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti tri<span class=\"_ _4\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d3 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.094<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d3 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.891<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d3 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">203<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d4 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Risconti attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d4 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.343<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d4 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.863<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d4 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">480<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d5 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d5 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.613<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d5 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.093<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d5 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.520<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x294 y15d6 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.045<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d6 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.653<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d6 w1d2 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.392<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d7 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione altri cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d7 w19f h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.920)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d7 w1d1 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.122)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d7 w1d2 h2f\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">202<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d8 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d8 w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">38.125<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d8 w1d1 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">20.531<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d8 w1d2 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.594<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d9 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 non correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15da w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15da w19f h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15da w1d1 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15da w1d2 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15db w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15db w19f h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15db w1d1 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15db w1d2 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span><span class=\"fc3\">cr<span class=\"_ _1\"></span>edito <span class=\"_ _b\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>en<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>pubblici <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>impian<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span><span class=\"fc0\">\u00e8 <span class=\"_ _b\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dovut<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>all\u2019iscrizione dei<span class=\"_ _1\"></span> crediti mat<span class=\"_ _1\"></span>urati i<span class=\"_ _1\"></span>n ambito PNRR <span class=\"ls11\">da</span>l<span class=\"_ _1\"></span>le societ\u00e0<span class=\"_ _1\"></span> del Gruppo a seguit<span class=\"_ _1\"></span>o della r<span class=\"_ _1\"></span>endicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>dei <span class=\"_ _a\"></span>progetti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>accettazione <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>dall\u2019Unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Missione <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>PNRR <span class=\"_ _b\"></span>oper<span class=\"_ _1\"></span>ante <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Minist<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Infras<span class=\"_ _1\"></span>trutture <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>spor<span class=\"_ _4\"></span>ti<span class=\"_ _1\"></span>. L<span class=\"_ _6\"></span>\u2019importo <span class=\"_ _1\"></span>iscritto <span class=\"_ _1\"></span>nelll\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e pari <span class=\"_ _1\"></span>a 0,9 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span>di euro \u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to incassa<span class=\"_ _1\"></span>to nei primi <span class=\"_ _1\"></span>mesi del 2025. Il <span class=\"_ _4\"></span><span class=\"fc3\">credit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>verso <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale<span class=\"fc0\"> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erisce <span class=\"_ _4\"></span>agli <span class=\"_ _4\"></span>anticipi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>missione <span class=\"_ _4\"></span>erog<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ai <span class=\"_ _4\"></span>dipendenti, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>tras<span class=\"_ _1\"></span>fert<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>non<span class=\"_ _41\"> </span></span></span>risultano<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>concluse a <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la parte <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ante (1.920 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o) <span class=\"_ _4\"></span>riguarda gli <span class=\"_ _4\"></span>anticipi di<span class=\"_ _41\"> </span>missione  er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  ad  ex  di<span class=\"_ _1\"></span>pendenti  della<span class=\"_ _1\"></span>  Capogruppo<span class=\"_ _1\"></span>,  gi\u00e0  oggetto  di  indag<span class=\"_ _1\"></span>ine  da  parte  de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>autorit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>giudiziaria <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>prudenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>negli <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _4\"></span>prece<span class=\"_ _1\"></span>denti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>parzialment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>rilasciati <span class=\"_ _4\"></span>(202 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro)<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _9\"> </span>incassi<span class=\"_ _1\"></span>. <span class=\"_ _10\"> </span>A <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ranzia<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dello <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>comunque <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>seques<span class=\"_ _1\"></span>tro<span class=\"_ _41\"> </span>conserva<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>quinto <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>pensioni, <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _a\"></span>T<span class=\"_ _1\"></span>FS <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>TFR, <span class=\"_ _5\"></span>oltre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>sequestr<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>conti <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>taluni<span class=\"_ _1\"></span> casi anche dell<span class=\"_ _1\"></span>e propriet<span class=\"_ _1\"></span>\u00e0 immobiliari.<span class=\"_ _41\"> </span>Il <span class=\"fc3\">credit<span class=\"_ _1\"></span>o verso en<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ari per prog<span class=\"_ _1\"></span>etti finanziati<span class=\"fc0\"> pari a 18.076 miglia<span class=\"_ _1\"></span>ia di euro re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>a un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o netto<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>7.446 <span class=\"_ _1\"></span>migliai<span class=\"_ _1\"></span>a di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>petto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>saldo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019iscrizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>edito<span class=\"_ _41\"> </span>emer<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rendic<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>dei proge<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>mbito <span class=\"_ _4\"></span>Connecti<span class=\"_ _1\"></span>ng <span class=\"_ _4\"></span>European Facil<span class=\"_ _1\"></span>ity <span class=\"_ _4\"></span>(CEF)<span class=\"_ _41\"> </span>call<span class=\"_ _1\"></span> 20<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span>5, call 2017 e Cle<span class=\"_ _1\"></span>an A<span class=\"_ _6\"></span>TM. Nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>ta inca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ta la CEF c<span class=\"_ _1\"></span>all 2016 pe<span class=\"_ _1\"></span>r 1,7 milioni di eur<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "16.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 co<span class=\"_ _1\"></span>rrenti e non <span class=\"_ _1\"></span>correnti<span class=\"_ _41\"> </span>Le altr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>ttivit\u00e0 c<span class=\"_ _1\"></span>orrenti <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>a 38.125 miglia<span class=\"_ _1\"></span>ia di eur<span class=\"_ _1\"></span>o e r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano un <span class=\"ls10\">in</span>cr<span class=\"_ _1\"></span>emento ne<span class=\"_ _1\"></span>tto di 17.<span class=\"_ _1\"></span>594<span class=\"_ _41\"> </span>migliaia di euro, rispetto all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te imputabile a<span class=\"_ _4\"></span>i crediti ver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>enti pubblici<span class=\"_ _41\"> </span>per contri<span class=\"_ _1\"></span>buti in cont<span class=\"_ _1\"></span>o impian<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> La voce in ogge<span class=\"_ _1\"></span>tto \u00e8 cos\u00ec c<span class=\"_ _1\"></span>ompost<span class=\"_ _1\"></span>a:<table class=\"s w360 h728\" id=\"_ed66e8cb-1a5b-430c-ac3f-9a524c0398bc\"><tr><td></td><td class=\"c x294 y15ce w19f h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15ce w1d1 h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15ce w1d2 h31\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15cf w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15d0 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti pubblici per c<span class=\"_ _1\"></span>ontributi in cont<span class=\"_ _1\"></span>o impianti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d0 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.168<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d0 w1d1 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">936<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d0 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.232<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d1 w1d0 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d1 w19f h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">2.751<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d1 w1d1 h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">3.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d1 w1d2 h2c\"><div class=\"t m0 x2d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(489)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d2 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti vari<span class=\"_ _1\"></span> per progetti finanzia<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d2 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.076<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d2 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d2 w1d2 h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.446<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d3 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti tri<span class=\"_ _4\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d3 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.094<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d3 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.891<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d3 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">203<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d4 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Risconti attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d4 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.343<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d4 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.863<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d4 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">480<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d5 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d5 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.613<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d5 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.093<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d5 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.520<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x294 y15d6 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.045<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d6 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.653<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d6 w1d2 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.392<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d7 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione altri cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d7 w19f h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.920)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d7 w1d1 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.122)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d7 w1d2 h2f\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">202<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d8 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d8 w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">38.125<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d8 w1d1 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">20.531<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d8 w1d2 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.594<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d9 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 non correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15da w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15da w19f h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15da w1d1 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15da w1d2 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15db w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15db w19f h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15db w1d1 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15db w1d2 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span><span class=\"fc3\">cr<span class=\"_ _1\"></span>edito <span class=\"_ _b\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>en<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>pubblici <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>impian<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span><span class=\"fc0\">\u00e8 <span class=\"_ _b\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dovut<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>all\u2019iscrizione dei<span class=\"_ _1\"></span> crediti mat<span class=\"_ _1\"></span>urati i<span class=\"_ _1\"></span>n ambito PNRR <span class=\"ls11\">da</span>l<span class=\"_ _1\"></span>le societ\u00e0<span class=\"_ _1\"></span> del Gruppo a seguit<span class=\"_ _1\"></span>o della r<span class=\"_ _1\"></span>endicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>dei <span class=\"_ _a\"></span>progetti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>accettazione <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>dall\u2019Unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Missione <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>PNRR <span class=\"_ _b\"></span>oper<span class=\"_ _1\"></span>ante <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Minist<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Infras<span class=\"_ _1\"></span>trutture <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>spor<span class=\"_ _4\"></span>ti<span class=\"_ _1\"></span>. L<span class=\"_ _6\"></span>\u2019importo <span class=\"_ _1\"></span>iscritto <span class=\"_ _1\"></span>nelll\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e pari <span class=\"_ _1\"></span>a 0,9 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span>di euro \u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to incassa<span class=\"_ _1\"></span>to nei primi <span class=\"_ _1\"></span>mesi del 2025. Il <span class=\"_ _4\"></span><span class=\"fc3\">credit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>verso <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale<span class=\"fc0\"> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erisce <span class=\"_ _4\"></span>agli <span class=\"_ _4\"></span>anticipi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>missione <span class=\"_ _4\"></span>erog<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ai <span class=\"_ _4\"></span>dipendenti, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>tras<span class=\"_ _1\"></span>fert<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>non<span class=\"_ _41\"> </span></span></span>risultano<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>concluse a <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la parte <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ante (1.920 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o) <span class=\"_ _4\"></span>riguarda gli <span class=\"_ _4\"></span>anticipi di<span class=\"_ _41\"> </span>missione  er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  ad  ex  di<span class=\"_ _1\"></span>pendenti  della<span class=\"_ _1\"></span>  Capogruppo<span class=\"_ _1\"></span>,  gi\u00e0  oggetto  di  indag<span class=\"_ _1\"></span>ine  da  parte  de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>autorit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>giudiziaria <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>prudenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>negli <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _4\"></span>prece<span class=\"_ _1\"></span>denti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>parzialment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>rilasciati <span class=\"_ _4\"></span>(202 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro)<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _9\"> </span>incassi<span class=\"_ _1\"></span>. <span class=\"_ _10\"> </span>A <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ranzia<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dello <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>comunque <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>seques<span class=\"_ _1\"></span>tro<span class=\"_ _41\"> </span>conserva<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>quinto <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>pensioni, <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _a\"></span>T<span class=\"_ _1\"></span>FS <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>TFR, <span class=\"_ _5\"></span>oltre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>sequestr<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>conti <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>taluni<span class=\"_ _1\"></span> casi anche dell<span class=\"_ _1\"></span>e propriet<span class=\"_ _1\"></span>\u00e0 immobiliari.<span class=\"_ _41\"> </span>Il <span class=\"fc3\">credit<span class=\"_ _1\"></span>o verso en<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ari per prog<span class=\"_ _1\"></span>etti finanziati<span class=\"fc0\"> pari a 18.076 miglia<span class=\"_ _1\"></span>ia di euro re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>a un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o netto<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>7.446 <span class=\"_ _1\"></span>migliai<span class=\"_ _1\"></span>a di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>petto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>saldo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019iscrizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>edito<span class=\"_ _41\"> </span>emer<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rendic<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>dei proge<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>mbito <span class=\"_ _4\"></span>Connecti<span class=\"_ _1\"></span>ng <span class=\"_ _4\"></span>European Facil<span class=\"_ _1\"></span>ity <span class=\"_ _4\"></span>(CEF)<span class=\"_ _41\"> </span>call<span class=\"_ _1\"></span> 20<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span>5, call 2017 e Cle<span class=\"_ _1\"></span>an A<span class=\"_ _6\"></span>TM. Nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>ta inca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ta la CEF c<span class=\"_ _1\"></span>all 2016 pe<span class=\"_ _1\"></span>r 1,7 milioni di eur<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "16.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 co<span class=\"_ _1\"></span>rrenti e non <span class=\"_ _1\"></span>correnti<span class=\"_ _41\"> </span>Le altr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>ttivit\u00e0 c<span class=\"_ _1\"></span>orrenti <span class=\"_ _1\"></span>ammontano <span class=\"_ _1\"></span>a 38.125 miglia<span class=\"_ _1\"></span>ia di eur<span class=\"_ _1\"></span>o e r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano un <span class=\"ls10\">in</span>cr<span class=\"_ _1\"></span>emento ne<span class=\"_ _1\"></span>tto di 17.<span class=\"_ _1\"></span>594<span class=\"_ _41\"> </span>migliaia di euro, rispetto all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te imputabile a<span class=\"_ _4\"></span>i crediti ver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>enti pubblici<span class=\"_ _41\"> </span>per contri<span class=\"_ _1\"></span>buti in cont<span class=\"_ _1\"></span>o impian<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vati <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> La voce in ogge<span class=\"_ _1\"></span>tto \u00e8 cos\u00ec c<span class=\"_ _1\"></span>ompost<span class=\"_ _1\"></span>a:<table class=\"s w360 h728\" id=\"_ed66e8cb-1a5b-430c-ac3f-9a524c0398bc\"><tr><td></td><td class=\"c x294 y15ce w19f h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15ce w1d1 h3f1\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15ce w1d2 h31\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15cf w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15d0 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti pubblici per c<span class=\"_ _1\"></span>ontributi in cont<span class=\"_ _1\"></span>o impianti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d0 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.168<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d0 w1d1 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">936<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d0 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.232<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d1 w1d0 h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d1 w19f h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">2.751<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d1 w1d1 h2c\"><div class=\"t m0 x3e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">3.240<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d1 w1d2 h2c\"><div class=\"t m0 x2d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(489)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d2 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>to verso enti vari<span class=\"_ _1\"></span> per progetti finanzia<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d2 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.076<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d2 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d2 w1d2 h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.446<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15d3 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti tri<span class=\"_ _4\"></span>bu<span class=\"_ _1\"></span>tari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d3 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.094<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d3 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.891<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d3 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">203<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d4 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Risconti attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d4 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.343<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d4 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.863<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d4 w1d2 h2c\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">480<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d5 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d5 w19f h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.613<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d5 w1d1 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.093<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d5 w1d2 h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.520<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x294 y15d6 w19f h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.045<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d6 w1d1 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.653<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d6 w1d2 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.392<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d7 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione altri cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d7 w19f h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.920)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x295 y15d7 w1d1 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.122)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x296 y15d7 w1d2 h2f\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">202<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d8 w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15d8 w19f h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">38.125<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15d8 w1d1 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">20.531<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15d8 w1d2 h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">17.594<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15d9 w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Altre a<span class=\"_ _1\"></span>ttivit\u00e0 non correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y15da w1d0 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti di<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ersi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15da w19f h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15da w1d1 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15da w1d2 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15db w1d0 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y15db w19f h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">60<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x295 y15db w1d1 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x296 y15db w1d2 h2c\"><div class=\"t m0 x62 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11<span class=\"ff1 fs0 ls0\"> </span></div></td></tr></table>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span><span class=\"fc3\">cr<span class=\"_ _1\"></span>edito <span class=\"_ _b\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>en<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>pubblici <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontributi <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>impian<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span><span class=\"fc0\">\u00e8 <span class=\"_ _b\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dovut<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>all\u2019iscrizione dei<span class=\"_ _1\"></span> crediti mat<span class=\"_ _1\"></span>urati i<span class=\"_ _1\"></span>n ambito PNRR <span class=\"ls11\">da</span>l<span class=\"_ _1\"></span>le societ\u00e0<span class=\"_ _1\"></span> del Gruppo a seguit<span class=\"_ _1\"></span>o della r<span class=\"_ _1\"></span>endicont<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>dei <span class=\"_ _a\"></span>progetti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>accettazione <span class=\"_ _a\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>dall\u2019Unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Missione <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>PNRR <span class=\"_ _b\"></span>oper<span class=\"_ _1\"></span>ante <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>ambito <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>Minist<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Infras<span class=\"_ _1\"></span>trutture <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>spor<span class=\"_ _4\"></span>ti<span class=\"_ _1\"></span>. L<span class=\"_ _6\"></span>\u2019importo <span class=\"_ _1\"></span>iscritto <span class=\"_ _1\"></span>nelll\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e pari <span class=\"_ _1\"></span>a 0,9 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span>di euro \u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to incassa<span class=\"_ _1\"></span>to nei primi <span class=\"_ _1\"></span>mesi del 2025. Il <span class=\"_ _4\"></span><span class=\"fc3\">credit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>verso <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale<span class=\"fc0\"> <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erisce <span class=\"_ _4\"></span>agli <span class=\"_ _4\"></span>anticipi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>missione <span class=\"_ _4\"></span>erog<span class=\"_ _1\"></span>ati<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ai <span class=\"_ _4\"></span>dipendenti, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>tras<span class=\"_ _1\"></span>fert<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>non<span class=\"_ _41\"> </span></span></span>risultano<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>concluse a <span class=\"_ _4\"></span>fine <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _4\"></span>la parte <span class=\"_ _4\"></span>rilev<span class=\"_ _1\"></span>ante (1.920 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o) <span class=\"_ _4\"></span>riguarda gli <span class=\"_ _4\"></span>anticipi di<span class=\"_ _41\"> </span>missione  er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti  ad  ex  di<span class=\"_ _1\"></span>pendenti  della<span class=\"_ _1\"></span>  Capogruppo<span class=\"_ _1\"></span>,  gi\u00e0  oggetto  di  indag<span class=\"_ _1\"></span>ine  da  parte  de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>autorit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>giudiziaria <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>prudenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>negli <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _4\"></span>prece<span class=\"_ _1\"></span>denti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>parzialment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>rilasciati <span class=\"_ _4\"></span>(202 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro)<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>dei <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _9\"> </span>incassi<span class=\"_ _1\"></span>. <span class=\"_ _10\"> </span>A <span class=\"_ _9\"> </span>ga<span class=\"_ _1\"></span>ranzia<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>dello <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tesso <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>comunque <span class=\"_ _9\"> </span>eff<span class=\"_ _1\"></span>ettuato <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>seques<span class=\"_ _1\"></span>tro<span class=\"_ _41\"> </span>conserva<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>quinto <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>pensioni, <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ondo <span class=\"_ _a\"></span>T<span class=\"_ _1\"></span>FS <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>TFR, <span class=\"_ _5\"></span>oltre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>sequestr<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>conti <span class=\"_ _5\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>taluni<span class=\"_ _1\"></span> casi anche dell<span class=\"_ _1\"></span>e propriet<span class=\"_ _1\"></span>\u00e0 immobiliari.<span class=\"_ _41\"> </span>Il <span class=\"fc3\">credit<span class=\"_ _1\"></span>o verso en<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ari per prog<span class=\"_ _1\"></span>etti finanziati<span class=\"fc0\"> pari a 18.076 miglia<span class=\"_ _1\"></span>ia di euro re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>a un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o netto<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>7.446 <span class=\"_ _1\"></span>migliai<span class=\"_ _1\"></span>a di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>petto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>saldo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _1\"></span>re <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019iscrizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>cr<span class=\"_ _1\"></span>edito<span class=\"_ _41\"> </span>emer<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alle <span class=\"_ _4\"></span>della<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rendic<span class=\"_ _1\"></span>onta<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>dei proge<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>mbito <span class=\"_ _4\"></span>Connecti<span class=\"_ _1\"></span>ng <span class=\"_ _4\"></span>European Facil<span class=\"_ _1\"></span>ity <span class=\"_ _4\"></span>(CEF)<span class=\"_ _41\"> </span>call<span class=\"_ _1\"></span> 20<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span>5, call 2017 e Cle<span class=\"_ _1\"></span>an A<span class=\"_ _6\"></span>TM. Nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o \u00e8 sta<span class=\"_ _1\"></span>ta inca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ta la CEF c<span class=\"_ _1\"></span>all 2016 pe<span class=\"_ _1\"></span>r 1,7 milioni di eur<span class=\"_ _1\"></span>o.<span class=\"_ _4\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "17.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Disponibilit\u00e0<span class=\"_ _1\"></span> liquide e mezzi equiv<span class=\"_ _1\"></span>alenti <span class=\"ff3\"> </span>Le <span class=\"_ _9\"> </span>disponibilit\u00e0 <span class=\"_ _9\"> </span>liquide <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>mezzi <span class=\"_ _10\"> </span>equiv<span class=\"_ _1\"></span>alenti <span class=\"_ _9\"> </span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _9\"> </span>a  447.<span class=\"lsc\">673</span> <span class=\"_ _9\"> </span>migliaia <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>eur<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _9\"> </span>una varia<span class=\"_ _1\"></span>zione <span class=\"_ _b\"></span>netta <span class=\"_ _a\"></span>positiva <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span><span class=\"ls6\">90</span>.852 <span class=\"_ _a\"></span>migliaia <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>euro, <span class=\"_ _a\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>preceden<span class=\"_ _1\"></span>te. <span class=\"_ _b\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _a\"></span>variazione <span class=\"_ _a\"></span>\u00e8 principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sociata alla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dinamica degli incassi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e paga<span class=\"_ _1\"></span>menti <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onnessi all\u2019<span class=\"_ _6\"></span>opera<span class=\"_ _1\"></span>tivit\u00e0 ordinaria che ha prodott<span class=\"_ _1\"></span>o  un <span class=\"_ _7\"> </span>flusso  di  cassa  positivo<span class=\"_ _1\"></span>,  str<span class=\"_ _1\"></span>ettamen<span class=\"_ _1\"></span>te  corr<span class=\"_ _1\"></span>elato  al  maggior  traffico  aereo  assistit<span class=\"_ _1\"></span>o  con conseguen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>maggiori <span class=\"_ _a\"></span>inca<span class=\"_ _1\"></span>ssi <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>core<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>business <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>ha <span class=\"_ _a\"></span>benefici<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>degli <span class=\"_ _a\"></span>inca<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>dei prog<span class=\"_ _1\"></span>etti finanzia<span class=\"_ _1\"></span>ti in ambit<span class=\"_ _1\"></span>o PNRR e <span class=\"_ _1\"></span>Connecting Eur<span class=\"_ _1\"></span>opean F<span class=\"_ _1\"></span>acility<span class=\"_ _6\"></span>. Ne<span class=\"_ _1\"></span>l cor<span class=\"_ _1\"></span>so dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>il flusso di<span class=\"_ _1\"></span> cassa \u00e8 st<span class=\"_ _1\"></span>ato influenz<span class=\"_ _1\"></span>ato anche da altre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>azioni, tra cui: i) il <span class=\"_ _4\"></span>pag<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del dividendo <span class=\"_ _4\"></span>avv<span class=\"_ _1\"></span>enuto a fine giugno 2025 in ade<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a alla deliber<span class=\"_ _1\"></span>a assembleare<span class=\"_ _1\"></span> per complessivi<span class=\"_ _1\"></span> 14<span class=\"_ _4\"></span>6<span class=\"_ _1\"></span>,2 milioni di eur<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> (124,4 mili<span class=\"_ _1\"></span>oni di euro <span class=\"_ _6\"></span>nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>precedent<span class=\"_ _1\"></span>e); <span class=\"_ _1\"></span>ii) <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>pag<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>debito <span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Minist<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>dell\u2019E<span class=\"_ _1\"></span>conomia <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Finanz<span class=\"_ _1\"></span>e rif<span class=\"_ _1\"></span>erito all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 20<span class=\"_ _4\"></span>24 per complessivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span><span class=\"ls6\">50</span>,4 milioni di euro (47,3 <span class=\"ls5a\">mi</span>lioni di euro er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nel 2024); iii) il pag<span class=\"_ _1\"></span>amento del debit<span class=\"_ _1\"></span>o ver<span class=\"_ _1\"></span>so ENAC per la quot<span class=\"_ _1\"></span>a degli inc<span class=\"_ _1\"></span>assi di rott<span class=\"_ _1\"></span>a e di termi<span class=\"_ _1\"></span>nale di compete<span class=\"_ _1\"></span>nza e ver<span class=\"_ _1\"></span>so l\u2019<span class=\"_ _11\"></span>Aeronautic<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>Militar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>Ital<span class=\"_ _1\"></span>iana <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>degli <span class=\"_ _6\"></span>incassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terminal<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>spettanz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>complessiv<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>2<span class=\"_ _4\"></span>6 <span class=\"_ _1\"></span>milioni di euro; iv<span class=\"_ _1\"></span>) il rimborso delle<span class=\"_ _1\"></span> rat<span class=\"_ _1\"></span>e semestr<span class=\"_ _1\"></span>ali dei finanziamenti in es<span class=\"_ _1\"></span>sere sec<span class=\"_ _1\"></span>ondo i piani di ammortament<span class=\"_ _1\"></span>o contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ti per 19 milioni di euro;<span class=\"_ _1\"></span> v) acquist<span class=\"_ _1\"></span>o azioni pro<span class=\"_ _1\"></span>prie per 6,5 milioni di <span class=\"_ _1\"></span>euro.<span class=\"ff3\"> </span>Le disponibilit<span class=\"_ _1\"></span>\u00e0 liquide e m<span class=\"_ _1\"></span>ezzi equival<span class=\"_ _1\"></span>enti non sono gr<span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> da vincoli che ne limit<span class=\"_ _1\"></span>ano la disponibil<span class=\"_ _1\"></span>it\u00e0",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-581": {
   "value": "18.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Attivit<span class=\"_ _1\"></span>\u00e0 destina<span class=\"_ _1\"></span>te alla dismissione e <span class=\"_ _1\"></span>passivit\u00e0 associa<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>attivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _5\"></span>pass<span class=\"_ _4\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _5\"></span>destinat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>dismissione <span class=\"_ _5\"></span>accolgono <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>posizioni <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rite <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _5\"></span>ENAV <span class=\"_ _4\"></span>As<span class=\"_ _4\"></span>ia<span class=\"_ _41\"> </span>Pa<span class=\"_ _1\"></span>cific <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>4.2<span class=\"ls6\">57</span> <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>riguardanti <span class=\"_ _4\"></span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>dispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _4\"></span>liquide <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>per 1<span class=\"_ _1\"></span>4,2 migliaia<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>euro <span class=\"_ _1\"></span>a debiti <span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>so i <span class=\"_ _1\"></span>fornit<span class=\"_ _1\"></span>ori per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 di <span class=\"_ _1\"></span>liquidazione. <span class=\"_ _1\"></span>Per <span class=\"_ _1\"></span>Enav <span class=\"_ _1\"></span>Asia <span class=\"_ _1\"></span>Pacific <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span>deliber<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>nel <span class=\"_ _2b\"> </span>mese <span class=\"_ _2b\"> </span>di <span class=\"_ _2b\"> </span>dicembre <span class=\"_ _17\"> </span>20<span class=\"_ _4\"></span>24<span class=\"_ _1\"></span>, <span class=\"_ _2b\"> </span>la <span class=\"_ _2b\"> </span>liquidazione <span class=\"_ _2b\"> </span>volon<span class=\"_ _1\"></span>taria <span class=\"_ _2b\"> </span>da <span class=\"_ _2b\"> </span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _2b\"> </span>del <span class=\"_ _2b\"> </span>Consiglio <span class=\"_ _17\"> </span>di<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>Capogruppo<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>A <span class=\"_ _a\"></span>va<span class=\"_ _1\"></span>lle <span class=\"_ _5\"></span>della <span class=\"_ _4\"></span>delibera <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>procedut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>all\u2019<span class=\"_ _6\"></span>apert<span class=\"_ _1\"></span>ura <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>procedur<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>liquidazione i<span class=\"_ _1\"></span>n Malesia avv<span class=\"_ _1\"></span>enuta nel me<span class=\"_ _1\"></span>se di aprile 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "19.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>trimonio Netto Si ripo<span class=\"_ _1\"></span>rta di <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>composizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Patri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>Netto <span class=\"_ _1\"></span>Consolidato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ammonta<span class=\"_ _41\"> </span>a 1.168.922 migl<span class=\"_ _1\"></span>iaia di euro<span class=\"_ _1\"></span>.<table class=\"s w361 h729\" id=\"_477e8774-4c12-4180-8c5d-c4c37974cf5b\"><tr><td></td><td class=\"c x297 y15dc w1d4 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dc w1d5 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dc w1d6 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15dd w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sociale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15dd w1d4 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dd w1d5 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dd w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15de w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva leg<span class=\"_ _1\"></span>ale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15de w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.540<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15de w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">52.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15de w1d6 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.910<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15df w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> r<span class=\"_ _4\"></span>ise<span class=\"_ _1\"></span>rve<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15df w1d4 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">440.270<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15df w1d5 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">450.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15df w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.219)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e0 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva prima ado<span class=\"_ _1\"></span>zione ias (FT<span class=\"_ _1\"></span>A)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e0 w1d4 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e0 w1d5 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e0 w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e1 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per utili/(perd<span class=\"_ _1\"></span>ite) attuariali per benefici ai dipenden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e1 w1d4 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.408)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e1 w1d5 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.943)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e1 w1d6 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">535<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e2 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva cash flo<span class=\"_ _1\"></span>w hedge<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e2 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e2 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e2 w1d6 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e3 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per azioni pr<span class=\"_ _1\"></span>oprie<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e3 w1d4 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.600)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e3 w1d5 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.616)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e3 w1d6 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.984)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e4 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utili/(Pe<span class=\"_ _1\"></span>rdite) porta<span class=\"_ _1\"></span>ti a nuovo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e4 w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e4 w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.978<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e4 w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18.973)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e5 w1d3 h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) dell'eser<span class=\"_ _1\"></span>cizio<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e5 w1d4 h38\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.056<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e5 w1d5 h38\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">125.829<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e5 w1d6 h38\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(32.773)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e6 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile agli<span class=\"_ _1\"></span> azionisti della Capogruppo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e6 w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.167.837<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e6 w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.228.341<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e6 w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.504)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e7 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> e Ri<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>e attribuibile alle minoranz<span class=\"_ _1\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e7 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e7 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.130<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e7 w1d6 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e8 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) attribuibi<span class=\"_ _1\"></span>l<span class=\"_ _4\"></span>e all<span class=\"_ _1\"></span>e minoranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e8 w1d4 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e8 w1d5 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e8 w1d6 h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">183<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e9 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile alle min<span class=\"_ _1\"></span>oranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e9 w1d4 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.085<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e9 w1d5 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e9 w1d6 h2f\"><div class=\"t m0 x65 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15ea w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15ea w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.168.922<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15ea w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.229.357<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15ea w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.435)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x298 y15eb w5c h2c\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>In <span class=\"_ _c\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _12\"> </span><span class=\"lsc\">28</span> <span class=\"_ _c\"> </span>maggio <span class=\"_ _c\"> </span>2<span class=\"_ _1\"></span>025 <span class=\"_ _c\"> </span>in <span class=\"_ _12\"> </span>sede <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>Assemblea<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>or<span class=\"_ _1\"></span>dinaria <span class=\"_ _c\"> </span>degli <span class=\"_ _12\"> </span>azionisti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _1\"></span>nvoca<span class=\"_ _1\"></span>ta <span class=\"_ _c\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>tro <span class=\"_ _c\"> </span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>ovazione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizio  de<span class=\"_ _1\"></span>lla <span class=\"_ _10\"> </span>Capogruppo <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>2024 <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _10\"> </span>st<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>deliber<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>destinar<span class=\"_ _1\"></span>e il <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ato di esercizio di <span class=\"_ _4\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _4\"></span>per 5.910 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a riserva leg<span class=\"_ _1\"></span>ale, <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sen<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>art.<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2430<span class=\"_ _41\"> </span>comma 1 del Codice civile, per 1<span class=\"ls6\">12</span>.<span class=\"lsc\">280</span> <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o a titolo di dividendo da distribuir<span class=\"_ _1\"></span>e in fa<span class=\"_ _1\"></span>vore degli<span class=\"_ _41\"> </span>Azionis<span class=\"_ _1\"></span>ti e per 1 migliaia di eur<span class=\"_ _1\"></span>o da riportar<span class=\"_ _1\"></span>e a nuovo. Inoltr<span class=\"_ _1\"></span>e, \u00e8 st<span class=\"_ _1\"></span>ato deli<span class=\"_ _1\"></span>berat<span class=\"_ _1\"></span>o di prele<span class=\"_ _1\"></span>vare<span class=\"_ _1\"></span> dalla riserva<span class=\"_ _41\"> </span>disponibile <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>utili <span class=\"_ _5\"></span>porta<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>nuovo <span class=\"_ _4\"></span>un <span class=\"_ _a\"></span>import<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6.440 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>dalla <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span>disponibile un <span class=\"_ _4\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a 7<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>448 <span class=\"_ _4\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fine di <span class=\"_ _4\"></span>distribuir<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>unit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla destinazione a<span class=\"_ _41\"> </span>dividendo del risulta<span class=\"_ _1\"></span>to di eser<span class=\"_ _1\"></span>cizio, un dividendo compl<span class=\"_ _1\"></span>essivo pari a 1<span class=\"_ _4\"></span><span class=\"ls6\">46<span class=\"_ _1\"></span><span class=\"ls0\">.168 <span class=\"_ _4\"></span>migl<span class=\"_ _1\"></span>iaia di euro equiv<span class=\"_ _1\"></span>alent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>a <span class=\"_ _4\"></span>euro <span class=\"_ _5\"></span>0,27 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ogni <span class=\"_ _4\"></span>azione <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>circola<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>stacc<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>cedola <span class=\"_ _5\"></span>coincidente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>23 <span class=\"_ _5\"></span>giugno<span class=\"_ _41\"> </span>2025.   Il <span class=\"_ _b\"></span>Capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>da <span class=\"_ _a\"></span>numero <span class=\"_ _a\"></span>541.744.385 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>ordinarie<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>priv<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>indicazione <span class=\"_ _a\"></span>del <span class=\"_ _b\"> </span>valore<span class=\"_ _41\"> </span>nominale, <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>per i<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>53,28% <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Finanz<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>46,<span class=\"ls6\">46</span>% <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>azionariat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>istituzi<span class=\"_ _1\"></span>onale ed <span class=\"_ _1\"></span>individua<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>0,<span class=\"ls6\">26</span>% <span class=\"_ _1\"></span>detenuto<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _1\"></span>sotto <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>orma di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>oprie. <span class=\"_ _1\"></span>Al 31<span class=\"_ _1\"></span> dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>2025 le azioni risult<span class=\"_ _1\"></span>ano int<span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>ott<span class=\"_ _1\"></span>oscritte e v<span class=\"_ _1\"></span>ersa<span class=\"_ _1\"></span>te e non sono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e emesse azioni priv<span class=\"_ _1\"></span>ilegiat<span class=\"_ _1\"></span>e. Le <span class=\"_ _a\"></span>Altr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>riserve <span class=\"_ _a\"></span>acc<span class=\"_ _1\"></span>olgono <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>36,4 <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>riserva <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>contribu<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>periodo <span class=\"_ _6\"></span>1996/2002 <span class=\"_ _6\"></span>esposta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _1\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>assolt<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>divenut<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pert<span class=\"_ _1\"></span>anto <span class=\"_ _6\"></span>disponibile, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>392,5 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span>di euro dalla destinazione della riduzione volont<span class=\"_ _1\"></span>aria del <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale sociale, per <span class=\"_ _4\"></span>2,3 <span class=\"_ _4\"></span>mi<span class=\"_ _1\"></span>lioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la riserva<span class=\"_ _41\"> </span>dedica<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>incen<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>lung<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>termine del <span class=\"_ _4\"></span>manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>del Gruppo, che <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>\u00e8 increment<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>l\u2019iscrizione <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>cicli <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _d\"> </span>in <span class=\"_ _c\"> </span>esser<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>e<span class=\"_ _4\"></span> <span class=\"_ _c\"> </span>ridotta <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>seguit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>assegnazi<span class=\"_ _1\"></span>one <span class=\"_ _25\"> </span>delle <span class=\"_ _d\"> </span>azioni <span class=\"_ _25\"> </span>leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>terz<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>cicl<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _25\"> </span>2022-<span class=\"lsc\">202</span>4 <span class=\"_ _25\"> </span>del <span class=\"_ _d\"> </span>secondo <span class=\"_ _25\"> </span>piano <span class=\"_ _d\"> </span>di<span class=\"_ _41\"> </span>incentiv<span class=\"_ _1\"></span>azione azionaria, la riserva per l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to al fai<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue della partecipazione in Aire<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>della <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erita, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>3,9 mil<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> la <span class=\"_ _6\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>derivant<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>D-Fligh<span class=\"_ _1\"></span>t S.p.A. <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>di con<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sione bilanci in v<span class=\"_ _1\"></span>aluta es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a riguar<span class=\"_ _1\"></span>danti le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze<span class=\"_ _1\"></span> cambio gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e dalla con<span class=\"_ _1\"></span>versio<span class=\"_ _1\"></span>ne in euro<span class=\"_ _41\"> </span>dei bilanci del<span class=\"_ _1\"></span>le societ\u00e0 ope<span class=\"_ _1\"></span>ranti in ar<span class=\"_ _1\"></span>ee diver<span class=\"_ _1\"></span>se dall\u2019<span class=\"_ _6\"></span>eur<span class=\"_ _1\"></span>o. La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>adozi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>IAS <span class=\"_ _1\"></span>(Fi<span class=\"_ _1\"></span>rst <span class=\"_ _6\"></span>Time <span class=\"_ _1\"></span>Adoption <span class=\"_ _1\"></span>\u2013 <span class=\"_ _6\"></span>FT<span class=\"_ _6\"></span>A) <span class=\"_ _1\"></span>accoglie <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alori <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>elemen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>attivi e passiv<span class=\"_ _1\"></span>i regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>te in sede di prima ad<span class=\"_ _1\"></span>ozione dei principi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abili inte<span class=\"_ _1\"></span>rnazionali.<span class=\"_ _41\"> </span>La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>/(perdit<span class=\"_ _1\"></span>e) <span class=\"_ _1\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>benefici <span class=\"_ _1\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _1\"></span>acc<span class=\"_ _1\"></span>oglie <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>varia<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>ioni <span class=\"_ _6\"></span>attuariali<span class=\"_ _41\"> </span>del <span class=\"_ _b\"></span>T<span class=\"_ _6\"></span>ratt<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _b\"> </span>Rappor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>dicembre <span class=\"_ _a\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>regis<span class=\"_ _1\"></span>tra <span class=\"_ _a\"></span>un <span class=\"_ _9\"> </span>utile <span class=\"_ _a\"></span>attuariale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Gruppo <span class=\"_ _b\"></span>per<span class=\"_ _41\"> </span>comples<span class=\"_ _1\"></span>sivi 0<span class=\"lse\">,5<span class=\"_ _4\"></span></span> milioni <span class=\"_ _1\"></span>di euro.<span class=\"ls9\">  </span>La  Rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a  ca<span class=\"_ _1\"></span>sh  flow <span class=\"_ _9\"> </span>hedge <span class=\"_ _10\"> </span>include <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air  va<span class=\"_ _1\"></span>lue  degli <span class=\"_ _9\"> </span>strumenti <span class=\"_ _10\"> </span>finanziari <span class=\"_ _9\"> </span>derivati <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span> copertur<span class=\"_ _1\"></span>a, che non ha subi<span class=\"_ _1\"></span>to va<span class=\"_ _1\"></span>riazioni nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025<span class=\"lsf\">. </span><span class=\"ff3\"> </span>La <span class=\"_ _a\"></span>Riserva <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>propr<span class=\"_ _1\"></span>ie <span class=\"_ _a\"></span>accoglie <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ovalor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>proprie <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>n. <span class=\"_ _b\"></span>1.419.105 <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>prezz<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> medio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>4,<span class=\"ls6\">65</span> <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>azione. <span class=\"_ _a\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>2025, <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>del<span class=\"_ _4\"></span>ibe<span class=\"_ _1\"></span>ra <span class=\"_ _5\"></span>assembleare, <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>proceduto <span class=\"_ _5\"></span>ad<span class=\"_ _41\"> </span> acquis<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> 1,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di azi<span class=\"_ _1\"></span>oni pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span> assegnar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>n. 361<span class=\"_ _1\"></span>.835 azioni<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>per un <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trov<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>1,4<span class=\"_ _41\"> </span> milioni di <span class=\"_ _1\"></span>euro ai<span class=\"_ _1\"></span> beneficiari<span class=\"_ _1\"></span> del te<span class=\"_ _1\"></span>rzo ciclo <span class=\"_ _1\"></span>di ves<span class=\"_ _1\"></span>ting 2022-2024 <span class=\"_ _1\"></span>del secondo <span class=\"_ _1\"></span>piano di pe<span class=\"_ _1\"></span>rformance <span class=\"_ _1\"></span>2020-<span class=\"_ _41\"> </span>2022. <span class=\"ff3\"> </span>Gli <span class=\"_ _10\"> </span>Utili/(P<span class=\"_ _1\"></span>erdit<span class=\"_ _1\"></span>e) <span class=\"_ _10\"> </span>portati<span class=\"_ _1\"></span>  a <span class=\"_ _9\"> </span>nuovo <span class=\"_ _10\"> </span>accolgon<span class=\"_ _1\"></span>o  i <span class=\"_ _10\"> </span>risult<span class=\"_ _1\"></span>ati <span class=\"_ _10\"> </span>dei<span class=\"_ _1\"></span>  pre<span class=\"_ _1\"></span>cedenti <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _10\"> </span>deriva<span class=\"_ _1\"></span>nti  dal<span class=\"_ _1\"></span>le  socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span> rientr<span class=\"_ _1\"></span>anti <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>area<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>consolidamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>dall<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>rettifiche <span class=\"_ _b\"> </span>operat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>nsolidato.<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>La <span class=\"_ _9\"> </span>varia<span class=\"_ _1\"></span>zione<span class=\"_ _41\"> </span> neg<span class=\"_ _1\"></span>ativa di <span class=\"_ _1\"></span>18,6 milioni di e<span class=\"_ _1\"></span>uro si rif<span class=\"_ _1\"></span>erisce principa<span class=\"_ _1\"></span>lment<span class=\"_ _1\"></span>e al preli<span class=\"_ _1\"></span>evo in tal<span class=\"_ _1\"></span>e voce di una q<span class=\"_ _1\"></span>uota des<span class=\"_ _1\"></span>tinata a<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> titolo di divi<span class=\"_ _1\"></span>dendo erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o nel mese di maggio 2025<span class=\"lsf\">. </span><span class=\"lsf\"><span class=\"_ _1\"></span><span class=\"ff3 ls0\"> </span></span>L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e di esercizio a<span class=\"_ _1\"></span>ttribuibile agli<span class=\"_ _1\"></span> azionisti della<span class=\"_ _1\"></span> Capogruppo <span class=\"_ _4\"></span>amm<span class=\"_ _1\"></span>onta a 93<span class=\"_ _1\"></span>,1 milioni di euro<span class=\"_ _1\"></span>. <span class=\"ff3\"> </span>Al 31 dicembr<span class=\"_ _1\"></span>e 2025 il P<span class=\"_ _1\"></span>atrimonio Ne<span class=\"_ _1\"></span>tto attribuibile<span class=\"_ _1\"></span> alle minoranz<span class=\"_ _1\"></span>e ammon<span class=\"_ _1\"></span>ta a 1.0<span class=\"lsc\">85</span> migliaia di eur<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Gestione de<span class=\"_ _1\"></span>l capital<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Gli <span class=\"_ _4\"></span>obiettivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>identific<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>dal<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>sono la <span class=\"_ _4\"></span>cre<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore per<span class=\"_ _41\"> </span> gli <span class=\"_ _1\"></span>stak<span class=\"_ _6\"></span>eholder e <span class=\"_ _1\"></span>il su<span class=\"_ _1\"></span>pporto <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>sviluppo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo ne<span class=\"_ _1\"></span>l lungo <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolar<span class=\"_ _1\"></span>e, il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>segue<span class=\"_ _41\"> </span> il <span class=\"_ _9\"> </span>man<span class=\"_ _1\"></span>teniment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>li<span class=\"_ _1\"></span>vello <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apitalizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>permett<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>antire<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>accesso <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>onti<span class=\"_ _41\"> </span> est<span class=\"_ _1\"></span>erne di <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>to ce<span class=\"_ _1\"></span>rcando <span class=\"_ _1\"></span>di o<span class=\"_ _1\"></span>ttimizzar<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tempo <span class=\"_ _1\"></span>il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>dell\u2019indebit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, l<span class=\"_ _1\"></span>a r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span> di <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>acent<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ritorno <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>azionisti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>consent<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>support<span class=\"_ _1\"></span>are <span class=\"_ _5\"></span>adeguata<span class=\"_ _1\"></span>mente <span class=\"_ _4\"></span>lo<span class=\"_ _41\"> </span> svi<span class=\"_ _1\"></span>luppo <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Gruppo. <span class=\"_ _4\"></span>In <span class=\"_ _4\"></span>tale <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tisce <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>patrimonia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>tiene<span class=\"_ _41\"> </span> cont<span class=\"_ _1\"></span>o delle condizi<span class=\"_ _1\"></span>oni economiche e dei r<span class=\"_ _1\"></span>equisiti dei <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> finanziari<span class=\"_ _1\"></span>.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "19.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>trimonio Netto Si ripo<span class=\"_ _1\"></span>rta di <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>composizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Patri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>Netto <span class=\"_ _1\"></span>Consolidato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ammonta<span class=\"_ _41\"> </span>a 1.168.922 migl<span class=\"_ _1\"></span>iaia di euro<span class=\"_ _1\"></span>.<div class=\"gsa\"><table class=\"s w361 h729\" id=\"_477e8774-4c12-4180-8c5d-c4c37974cf5b\"><tr><td></td><td class=\"c x297 y15dc w1d4 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dc w1d5 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dc w1d6 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15dd w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sociale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15dd w1d4 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dd w1d5 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dd w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15de w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva leg<span class=\"_ _1\"></span>ale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15de w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.540<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15de w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">52.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15de w1d6 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.910<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15df w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> r<span class=\"_ _4\"></span>ise<span class=\"_ _1\"></span>rve<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15df w1d4 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">440.270<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15df w1d5 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">450.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15df w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.219)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e0 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva prima ado<span class=\"_ _1\"></span>zione ias (FT<span class=\"_ _1\"></span>A)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e0 w1d4 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e0 w1d5 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e0 w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e1 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per utili/(perd<span class=\"_ _1\"></span>ite) attuariali per benefici ai dipenden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e1 w1d4 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.408)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e1 w1d5 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.943)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e1 w1d6 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">535<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e2 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva cash flo<span class=\"_ _1\"></span>w hedge<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e2 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e2 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e2 w1d6 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e3 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per azioni pr<span class=\"_ _1\"></span>oprie<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e3 w1d4 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.600)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e3 w1d5 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.616)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e3 w1d6 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.984)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e4 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utili/(Pe<span class=\"_ _1\"></span>rdite) porta<span class=\"_ _1\"></span>ti a nuovo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e4 w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e4 w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.978<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e4 w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18.973)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e5 w1d3 h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) dell'eser<span class=\"_ _1\"></span>cizio<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e5 w1d4 h38\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.056<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e5 w1d5 h38\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">125.829<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e5 w1d6 h38\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(32.773)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e6 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile agli<span class=\"_ _1\"></span> azionisti della Capogruppo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e6 w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.167.837<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e6 w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.228.341<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e6 w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.504)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e7 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> e Ri<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>e attribuibile alle minoranz<span class=\"_ _1\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e7 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e7 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.130<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e7 w1d6 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e8 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) attribuibi<span class=\"_ _1\"></span>l<span class=\"_ _4\"></span>e all<span class=\"_ _1\"></span>e minoranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e8 w1d4 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e8 w1d5 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e8 w1d6 h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">183<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e9 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile alle min<span class=\"_ _1\"></span>oranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e9 w1d4 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.085<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e9 w1d5 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e9 w1d6 h2f\"><div class=\"t m0 x65 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15ea w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15ea w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.168.922<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15ea w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.229.357<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15ea w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.435)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x298 y15eb w5c h2c\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div><div class=\"c w2 h0 gsb\"><div class=\"t m0 x3 h4 ye7c ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 ye7d ff2 fs1 fc0 sc0 ls0 ws0\">In <span class=\"_ _c\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _12\"> </span><span class=\"lsc\">28</span> <span class=\"_ _c\"> </span>maggio <span class=\"_ _c\"> </span>2<span class=\"_ _1\"></span>025 <span class=\"_ _c\"> </span>in <span class=\"_ _12\"> </span>sede <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>Assemblea<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>or<span class=\"_ _1\"></span>dinaria <span class=\"_ _c\"> </span>degli <span class=\"_ _12\"> </span>azionisti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _1\"></span>nvoca<span class=\"_ _1\"></span>ta <span class=\"_ _c\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>tro <span class=\"_ _c\"> </span>per<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 yd6f ff2 fs1 fc0 sc0 ls0 ws0\">l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>ovazione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizio  de<span class=\"_ _1\"></span>lla <span class=\"_ _10\"> </span>Capogruppo <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>2024 <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _10\"> </span>st<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>deliber<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye7e ff2 fs1 fc0 sc0 ls0 ws0\">destinar<span class=\"_ _1\"></span>e il <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ato di esercizio di <span class=\"_ _4\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _4\"></span>per 5.910 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a riserva leg<span class=\"_ _1\"></span>ale, <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sen<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>art.<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2430<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye7f ff2 fs1 fc0 sc0 ls0 ws0\">comma 1 del Codice civile, per 1<span class=\"ls6\">12</span>.<span class=\"lsc\">280</span> <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o a titolo di dividendo da distribuir<span class=\"_ _1\"></span>e in fa<span class=\"_ _1\"></span>vore degli<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yd12 ff2 fs1 fc0 sc0 ls0 ws0\">Azionis<span class=\"_ _1\"></span>ti e per 1 migliaia di eur<span class=\"_ _1\"></span>o da riportar<span class=\"_ _1\"></span>e a nuovo. Inoltr<span class=\"_ _1\"></span>e, \u00e8 st<span class=\"_ _1\"></span>ato deli<span class=\"_ _1\"></span>berat<span class=\"_ _1\"></span>o di prele<span class=\"_ _1\"></span>vare<span class=\"_ _1\"></span> dalla riserva<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye80 ff2 fs1 fc0 sc0 ls0 ws0\">disponibile <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>utili <span class=\"_ _5\"></span>porta<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>nuovo <span class=\"_ _4\"></span>un <span class=\"_ _a\"></span>import<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6.440 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>dalla <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye81 ff2 fs1 fc0 sc0 ls0 ws0\">disponibile un <span class=\"_ _4\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a 7<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>448 <span class=\"_ _4\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fine di <span class=\"_ _4\"></span>distribuir<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>unit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla destinazione a<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> </div><div class=\"t m0 x3 h4 y53e ff2 fs1 fc0 sc0 ls0 ws0\">dividendo del risulta<span class=\"_ _1\"></span>to di eser<span class=\"_ _1\"></span>cizio, un dividendo compl<span class=\"_ _1\"></span>essivo pari a 1<span class=\"_ _4\"></span><span class=\"ls6\">46<span class=\"_ _1\"></span><span class=\"ls0\">.168 <span class=\"_ _4\"></span>migl<span class=\"_ _1\"></span>iaia di euro equiv<span class=\"_ _1\"></span>alent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span><span class=\"ls6\"><span class=\"ls0\"> </span></span></div><div class=\"t m0 x3 h4 ye82 ff2 fs1 fc0 sc0 ls0 ws0\">a <span class=\"_ _4\"></span>euro <span class=\"_ _5\"></span>0,27 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ogni <span class=\"_ _4\"></span>azione <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>circola<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>stacc<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>cedola <span class=\"_ _5\"></span>coincidente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>23 <span class=\"_ _5\"></span>giugno<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye83 ff2 fs1 fc0 sc0 ls0 ws0\">2025.   <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 ye84 ff2 fs1 fc0 sc0 ls0 ws0\">Il <span class=\"_ _b\"></span>Capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>da <span class=\"_ _a\"></span>numero <span class=\"_ _a\"></span>541.744.385 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>ordinarie<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>priv<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>indicazione <span class=\"_ _a\"></span>del <span class=\"_ _b\"> </span>valore<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y70e ff2 fs1 fc0 sc0 ls0 ws0\">nominale, <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>per i<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>53,28% <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Finanz<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>46,<span class=\"ls6\">46</span>% <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>azionariat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye85 ff2 fs1 fc0 sc0 ls0 ws0\">istituzi<span class=\"_ _1\"></span>onale ed <span class=\"_ _1\"></span>individua<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>0,<span class=\"ls6\">26</span>% <span class=\"_ _1\"></span>detenuto<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _1\"></span>sotto <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>orma di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>oprie. <span class=\"_ _1\"></span>Al 31<span class=\"_ _1\"></span> dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye86 ff2 fs1 fc0 sc0 ls0 ws0\">2025 le azioni risult<span class=\"_ _1\"></span>ano int<span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>ott<span class=\"_ _1\"></span>oscritte e v<span class=\"_ _1\"></span>ersa<span class=\"_ _1\"></span>te e non sono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e emesse azioni priv<span class=\"_ _1\"></span>ilegiat<span class=\"_ _1\"></span>e. <span class=\"_ _4\"></span><span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 ye87 ff2 fs1 fc0 sc0 ls0 ws0\">Le <span class=\"_ _a\"></span>Altr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>riserve <span class=\"_ _a\"></span>acc<span class=\"_ _1\"></span>olgono <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>36,4 <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>riserva <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>contribu<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y745 ff2 fs1 fc0 sc0 ls0 ws0\">periodo <span class=\"_ _6\"></span>1996/2002 <span class=\"_ _6\"></span>esposta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _1\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>assolt<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>divenut<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pert<span class=\"_ _1\"></span>anto <span class=\"_ _6\"></span>disponibile, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>392,5 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 ye88 ff2 fs1 fc0 sc0 ls0 ws0\">di euro dalla destinazione della riduzione volont<span class=\"_ _1\"></span>aria del <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale sociale, per <span class=\"_ _4\"></span>2,3 <span class=\"_ _4\"></span>mi<span class=\"_ _1\"></span>lioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la riserva<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye89 ff2 fs1 fc0 sc0 ls0 ws0\">dedica<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>incen<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>lung<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>termine del <span class=\"_ _4\"></span>manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>del Gruppo, che <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>\u00e8 increment<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y899 ff2 fs1 fc0 sc0 ls0 ws0\">nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>l\u2019iscrizione <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>cicli <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _d\"> </span>in <span class=\"_ _c\"> </span>esser<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>e<span class=\"_ _4\"></span> <span class=\"_ _c\"> </span>ridotta <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>seguit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye8a ff2 fs1 fc0 sc0 ls0 ws0\">dell\u2019<span class=\"_ _6\"></span>assegnazi<span class=\"_ _1\"></span>one <span class=\"_ _25\"> </span>delle <span class=\"_ _d\"> </span>azioni <span class=\"_ _25\"> </span>leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>terz<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>cicl<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _25\"> </span>2022-<span class=\"lsc\">202</span>4 <span class=\"_ _25\"> </span>del <span class=\"_ _d\"> </span>secondo <span class=\"_ _25\"> </span>piano <span class=\"_ _d\"> </span>di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye8b ff2 fs1 fc0 sc0 ls0 ws0\">incentiv<span class=\"_ _1\"></span>azione azionaria, la riserva per l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to al fai<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue della partecipazione in Aire<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye8c ff2 fs1 fc0 sc0 ls0 ws0\">della <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erita, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>3,9 mil<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> la <span class=\"_ _6\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>derivant<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>D-Fligh<span class=\"_ _1\"></span>t S.p.A. <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye8d ff2 fs1 fc0 sc0 ls0 ws0\">di con<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sione bilanci in v<span class=\"_ _1\"></span>aluta es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a riguar<span class=\"_ _1\"></span>danti le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze<span class=\"_ _1\"></span> cambio gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e dalla con<span class=\"_ _1\"></span>versio<span class=\"_ _1\"></span>ne in euro<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 ye8e ff2 fs1 fc0 sc0 ls0 ws0\">dei bilanci del<span class=\"_ _1\"></span>le societ\u00e0 ope<span class=\"_ _1\"></span>ranti in ar<span class=\"_ _1\"></span>ee diver<span class=\"_ _1\"></span>se dall\u2019<span class=\"_ _6\"></span>eur<span class=\"_ _1\"></span>o. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y2c9 ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>adozi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>IAS <span class=\"_ _1\"></span>(Fi<span class=\"_ _1\"></span>rst <span class=\"_ _6\"></span>Time <span class=\"_ _1\"></span>Adoption <span class=\"_ _1\"></span>\u2013 <span class=\"_ _6\"></span>FT<span class=\"_ _6\"></span>A) <span class=\"_ _1\"></span>accoglie <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alori <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>elemen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye8f ff2 fs1 fc0 sc0 ls0 ws0\">attivi e passiv<span class=\"_ _1\"></span>i regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>te in sede di prima ad<span class=\"_ _1\"></span>ozione dei principi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abili inte<span class=\"_ _1\"></span>rnazionali.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 ye90 ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>/(perdit<span class=\"_ _1\"></span>e) <span class=\"_ _1\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>benefici <span class=\"_ _1\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _1\"></span>acc<span class=\"_ _1\"></span>oglie <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>varia<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>ioni <span class=\"_ _6\"></span>attuariali<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye91 ff2 fs1 fc0 sc0 ls0 ws0\">del <span class=\"_ _b\"></span>T<span class=\"_ _6\"></span>ratt<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _b\"> </span>Rappor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>dicembre <span class=\"_ _a\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>regis<span class=\"_ _1\"></span>tra <span class=\"_ _a\"></span>un <span class=\"_ _9\"> </span>utile <span class=\"_ _a\"></span>attuariale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Gruppo <span class=\"_ _b\"></span>per<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ye92 ff2 fs1 fc0 sc0 ls0 ws0\">comples<span class=\"_ _1\"></span>sivi 0<span class=\"lse\">,5<span class=\"_ _4\"></span></span> milioni <span class=\"_ _1\"></span>di euro.<span class=\"ls9\">  </span><span class=\"ls9\"><span class=\"_ _1\"></span><span class=\"ff3 ls0\"> </span></span></div></div>La  Rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a  ca<span class=\"_ _1\"></span>sh  flow <span class=\"_ _9\"> </span>hedge <span class=\"_ _10\"> </span>include <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air  va<span class=\"_ _1\"></span>lue  degli <span class=\"_ _9\"> </span>strumenti <span class=\"_ _10\"> </span>finanziari <span class=\"_ _9\"> </span>derivati <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span>copertur<span class=\"_ _1\"></span>a, che non ha subi<span class=\"_ _1\"></span>to va<span class=\"_ _1\"></span>riazioni nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025<span class=\"lsf\">. </span>La <span class=\"_ _a\"></span>Riserva <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>propr<span class=\"_ _1\"></span>ie <span class=\"_ _a\"></span>accoglie <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ovalor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>proprie <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>n. <span class=\"_ _b\"></span>1.419.105 <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>prezz<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>medio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>4,<span class=\"ls6\">65</span> <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>azione. <span class=\"_ _a\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>2025, <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>del<span class=\"_ _4\"></span>ibe<span class=\"_ _1\"></span>ra <span class=\"_ _5\"></span>assembleare, <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>proceduto <span class=\"_ _5\"></span>ad<span class=\"_ _41\"> </span>acquis<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> 1,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di azi<span class=\"_ _1\"></span>oni pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span> assegnar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>n. 361<span class=\"_ _1\"></span>.835 azioni<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>per un <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trov<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>1,4<span class=\"_ _41\"> </span>milioni di <span class=\"_ _1\"></span>euro ai<span class=\"_ _1\"></span> beneficiari<span class=\"_ _1\"></span> del te<span class=\"_ _1\"></span>rzo ciclo <span class=\"_ _1\"></span>di ves<span class=\"_ _1\"></span>ting 2022-2024 <span class=\"_ _1\"></span>del secondo <span class=\"_ _1\"></span>piano di pe<span class=\"_ _1\"></span>rformance <span class=\"_ _1\"></span>2020-<span class=\"_ _41\"> </span>2022. Gli <span class=\"_ _10\"> </span>Utili/(P<span class=\"_ _1\"></span>erdit<span class=\"_ _1\"></span>e) <span class=\"_ _10\"> </span>portati<span class=\"_ _1\"></span>  a <span class=\"_ _9\"> </span>nuovo <span class=\"_ _10\"> </span>accolgon<span class=\"_ _1\"></span>o  i <span class=\"_ _10\"> </span>risult<span class=\"_ _1\"></span>ati <span class=\"_ _10\"> </span>dei<span class=\"_ _1\"></span>  pre<span class=\"_ _1\"></span>cedenti <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _10\"> </span>deriva<span class=\"_ _1\"></span>nti  dal<span class=\"_ _1\"></span>le  socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span>rientr<span class=\"_ _1\"></span>anti <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>area<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>consolidamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>dall<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>rettifiche <span class=\"_ _b\"> </span>operat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>nsolidato.<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>La <span class=\"_ _9\"> </span>varia<span class=\"_ _1\"></span>zione<span class=\"_ _41\"> </span>neg<span class=\"_ _1\"></span>ativa di <span class=\"_ _1\"></span>18,6 milioni di e<span class=\"_ _1\"></span>uro si rif<span class=\"_ _1\"></span>erisce principa<span class=\"_ _1\"></span>lment<span class=\"_ _1\"></span>e al preli<span class=\"_ _1\"></span>evo in tal<span class=\"_ _1\"></span>e voce di una q<span class=\"_ _1\"></span>uota des<span class=\"_ _1\"></span>tinata a<span class=\"_ _41\"> </span>titolo di divi<span class=\"_ _1\"></span>dendo erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o nel mese di maggio 2025<span class=\"lsf\">. </span>L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e di esercizio a<span class=\"_ _1\"></span>ttribuibile agli<span class=\"_ _1\"></span> azionisti della<span class=\"_ _1\"></span> Capogruppo <span class=\"_ _4\"></span>amm<span class=\"_ _1\"></span>onta a 93<span class=\"_ _1\"></span>,1 milioni di euro<span class=\"_ _1\"></span>. Al 31 dicembr<span class=\"_ _1\"></span>e 2025 il P<span class=\"_ _1\"></span>atrimonio Ne<span class=\"_ _1\"></span>tto attribuibile<span class=\"_ _1\"></span> alle minoranz<span class=\"_ _1\"></span>e ammon<span class=\"_ _1\"></span>ta a 1.0<span class=\"lsc\">85</span> migliaia di eur<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span>Gestione de<span class=\"_ _1\"></span>l capital<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Gli <span class=\"_ _4\"></span>obiettivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>identific<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>dal<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>sono la <span class=\"_ _4\"></span>cre<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore per<span class=\"_ _41\"> </span>gli <span class=\"_ _1\"></span>stak<span class=\"_ _6\"></span>eholder e <span class=\"_ _1\"></span>il su<span class=\"_ _1\"></span>pporto <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>sviluppo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo ne<span class=\"_ _1\"></span>l lungo <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolar<span class=\"_ _1\"></span>e, il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>segue<span class=\"_ _41\"> </span>il <span class=\"_ _9\"> </span>man<span class=\"_ _1\"></span>teniment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>li<span class=\"_ _1\"></span>vello <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apitalizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>permett<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>antire<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>accesso <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>onti<span class=\"_ _41\"> </span>est<span class=\"_ _1\"></span>erne di <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>to ce<span class=\"_ _1\"></span>rcando <span class=\"_ _1\"></span>di o<span class=\"_ _1\"></span>ttimizzar<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tempo <span class=\"_ _1\"></span>il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>dell\u2019indebit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, l<span class=\"_ _1\"></span>a r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>acent<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ritorno <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>azionisti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>consent<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>support<span class=\"_ _1\"></span>are <span class=\"_ _5\"></span>adeguata<span class=\"_ _1\"></span>mente <span class=\"_ _4\"></span>lo<span class=\"_ _41\"> </span>svi<span class=\"_ _1\"></span>luppo <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Gruppo. <span class=\"_ _4\"></span>In <span class=\"_ _4\"></span>tale <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tisce <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>patrimonia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>tiene<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o delle condizi<span class=\"_ _1\"></span>oni economiche e dei r<span class=\"_ _1\"></span>equisiti dei <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> finanziari<span class=\"_ _1\"></span>.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "19.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>trimonio Netto Si ripo<span class=\"_ _1\"></span>rta di <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o la <span class=\"_ _1\"></span>composizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Patri<span class=\"_ _1\"></span>monio <span class=\"_ _1\"></span>Netto <span class=\"_ _1\"></span>Consolidato <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2025<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>ammonta<span class=\"_ _41\"> </span>a 1.168.922 migl<span class=\"_ _1\"></span>iaia di euro<span class=\"_ _1\"></span>.<table class=\"s w361 h729\" id=\"_477e8774-4c12-4180-8c5d-c4c37974cf5b\"><tr><td></td><td class=\"c x297 y15dc w1d4 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dc w1d5 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dc w1d6 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15dd w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sociale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15dd w1d4 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15dd w1d5 h2f\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.744<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15dd w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15de w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva leg<span class=\"_ _1\"></span>ale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15de w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.540<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15de w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">52.630<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15de w1d6 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.910<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15df w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> r<span class=\"_ _4\"></span>ise<span class=\"_ _1\"></span>rve<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15df w1d4 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">440.270<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15df w1d5 h2c\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">450.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15df w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.219)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e0 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva prima ado<span class=\"_ _1\"></span>zione ias (FT<span class=\"_ _1\"></span>A)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e0 w1d4 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e0 w1d5 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(727)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e0 w1d6 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e1 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per utili/(perd<span class=\"_ _1\"></span>ite) attuariali per benefici ai dipenden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e1 w1d4 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.408)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e1 w1d5 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(7.943)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e1 w1d6 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">535<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e2 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva cash flo<span class=\"_ _1\"></span>w hedge<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e2 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e2 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.957<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e2 w1d6 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e3 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Riserva per azioni pr<span class=\"_ _1\"></span>oprie<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e3 w1d4 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(6.600)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e3 w1d5 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.616)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e3 w1d6 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(4.984)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e4 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utili/(Pe<span class=\"_ _1\"></span>rdite) porta<span class=\"_ _1\"></span>ti a nuovo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e4 w1d4 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">47.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e4 w1d5 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.978<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e4 w1d6 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18.973)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e5 w1d3 h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) dell'eser<span class=\"_ _1\"></span>cizio<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e5 w1d4 h38\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.056<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e5 w1d5 h38\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">125.829<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e5 w1d6 h38\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(32.773)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e6 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile agli<span class=\"_ _1\"></span> azionisti della Capogruppo<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e6 w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.167.837<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e6 w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.228.341<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e6 w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.504)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e7 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Capitale<span class=\"_ _1\"></span> e Ri<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>e attribuibile alle minoranz<span class=\"_ _1\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e7 w1d4 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x298 y15e7 w1d5 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.130<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e7 w1d6 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15e8 w1d3 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile/(P<span class=\"_ _1\"></span>erdita) attribuibi<span class=\"_ _1\"></span>l<span class=\"_ _4\"></span>e all<span class=\"_ _1\"></span>e minoranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e8 w1d4 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e8 w1d5 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(114)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x299 y15e8 w1d6 h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">183<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15e9 w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto attribuibile alle min<span class=\"_ _1\"></span>oranze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15e9 w1d4 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.085<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15e9 w1d5 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.016<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15e9 w1d6 h2f\"><div class=\"t m0 x65 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">69<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15ea w1d3 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>atrimonio Netto<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y15ea w1d4 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.168.922<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x298 y15ea w1d5 h2f\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.229.357<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x299 y15ea w1d6 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(60.435)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x298 y15eb w5c h2c\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>In <span class=\"_ _c\"> </span>da<span class=\"_ _1\"></span>ta <span class=\"_ _12\"> </span><span class=\"lsc\">28</span> <span class=\"_ _c\"> </span>maggio <span class=\"_ _c\"> </span>2<span class=\"_ _1\"></span>025 <span class=\"_ _c\"> </span>in <span class=\"_ _12\"> </span>sede <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>Assemblea<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>or<span class=\"_ _1\"></span>dinaria <span class=\"_ _c\"> </span>degli <span class=\"_ _12\"> </span>azionisti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _1\"></span>nvoca<span class=\"_ _1\"></span>ta <span class=\"_ _c\"> </span>tr<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>tro <span class=\"_ _c\"> </span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>ovazione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>bilancio <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizio  de<span class=\"_ _1\"></span>lla <span class=\"_ _10\"> </span>Capogruppo <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>3<span class=\"_ _4\"></span>1 <span class=\"_ _9\"> </span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>2024 <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _10\"> </span>st<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>deliber<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>destinar<span class=\"_ _1\"></span>e il <span class=\"_ _4\"></span>risult<span class=\"_ _1\"></span>ato di esercizio di <span class=\"_ _4\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _4\"></span>per 5.910 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>a riserva leg<span class=\"_ _1\"></span>ale, <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sen<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>art.<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2430<span class=\"_ _41\"> </span>comma 1 del Codice civile, per 1<span class=\"ls6\">12</span>.<span class=\"lsc\">280</span> <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o a titolo di dividendo da distribuir<span class=\"_ _1\"></span>e in fa<span class=\"_ _1\"></span>vore degli<span class=\"_ _41\"> </span>Azionis<span class=\"_ _1\"></span>ti e per 1 migliaia di eur<span class=\"_ _1\"></span>o da riportar<span class=\"_ _1\"></span>e a nuovo. Inoltr<span class=\"_ _1\"></span>e, \u00e8 st<span class=\"_ _1\"></span>ato deli<span class=\"_ _1\"></span>berat<span class=\"_ _1\"></span>o di prele<span class=\"_ _1\"></span>vare<span class=\"_ _1\"></span> dalla riserva<span class=\"_ _41\"> </span>disponibile <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>utili <span class=\"_ _5\"></span>porta<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>nuovo <span class=\"_ _4\"></span>un <span class=\"_ _a\"></span>import<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>6.440 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>dalla <span class=\"_ _4\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>capit<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span>disponibile un <span class=\"_ _4\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a 7<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>448 <span class=\"_ _4\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>fine di <span class=\"_ _4\"></span>distribuir<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>unit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>alla destinazione a<span class=\"_ _41\"> </span>dividendo del risulta<span class=\"_ _1\"></span>to di eser<span class=\"_ _1\"></span>cizio, un dividendo compl<span class=\"_ _1\"></span>essivo pari a 1<span class=\"_ _4\"></span><span class=\"ls6\">46<span class=\"_ _1\"></span><span class=\"ls0\">.168 <span class=\"_ _4\"></span>migl<span class=\"_ _1\"></span>iaia di euro equiv<span class=\"_ _1\"></span>alent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>a <span class=\"_ _4\"></span>euro <span class=\"_ _5\"></span>0,27 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>ogni <span class=\"_ _4\"></span>azione <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>circola<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>stacc<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>cedola <span class=\"_ _5\"></span>coincidente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>23 <span class=\"_ _5\"></span>giugno<span class=\"_ _41\"> </span>2025.   Il <span class=\"_ _b\"></span>Capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"> </span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>da <span class=\"_ _a\"></span>numero <span class=\"_ _a\"></span>541.744.385 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>ordinarie<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>priv<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>indicazione <span class=\"_ _a\"></span>del <span class=\"_ _b\"> </span>valore<span class=\"_ _41\"> </span>nominale, <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>per i<span class=\"_ _1\"></span>l <span class=\"_ _1\"></span>53,28% <span class=\"_ _1\"></span>dal <span class=\"_ _1\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Finanz<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>46,<span class=\"ls6\">46</span>% <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>azionariat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>istituzi<span class=\"_ _1\"></span>onale ed <span class=\"_ _1\"></span>individua<span class=\"_ _1\"></span>le e<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>0,<span class=\"ls6\">26</span>% <span class=\"_ _1\"></span>detenuto<span class=\"_ _1\"></span> da <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _1\"></span>sotto <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>orma di <span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>oprie. <span class=\"_ _1\"></span>Al 31<span class=\"_ _1\"></span> dicembr<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>2025 le azioni risult<span class=\"_ _1\"></span>ano int<span class=\"_ _1\"></span>egr<span class=\"_ _1\"></span>almente<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>ott<span class=\"_ _1\"></span>oscritte e v<span class=\"_ _1\"></span>ersa<span class=\"_ _1\"></span>te e non sono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e emesse azioni priv<span class=\"_ _1\"></span>ilegiat<span class=\"_ _1\"></span>e. Le <span class=\"_ _a\"></span>Altr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>riserve <span class=\"_ _a\"></span>acc<span class=\"_ _1\"></span>olgono <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>36,4 <span class=\"_ _a\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>riserva <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>contribu<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>capitale <span class=\"_ _5\"></span>ricevuti <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>periodo <span class=\"_ _6\"></span>1996/2002 <span class=\"_ _6\"></span>esposta <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>netto <span class=\"_ _1\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>impost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>assolt<span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>divenut<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>pert<span class=\"_ _1\"></span>anto <span class=\"_ _6\"></span>disponibile, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>392,5 <span class=\"_ _1\"></span>milioni<span class=\"_ _41\"> </span>di euro dalla destinazione della riduzione volont<span class=\"_ _1\"></span>aria del <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale sociale, per <span class=\"_ _4\"></span>2,3 <span class=\"_ _4\"></span>mi<span class=\"_ _1\"></span>lioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la riserva<span class=\"_ _41\"> </span>dedica<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>incen<span class=\"_ _1\"></span>tiva<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>lung<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>termine del <span class=\"_ _4\"></span>manag<span class=\"_ _1\"></span>ement <span class=\"_ _4\"></span>del Gruppo, che <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>\u00e8 increment<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>l\u2019iscrizione <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>cicli <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _d\"> </span>in <span class=\"_ _c\"> </span>esser<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>e<span class=\"_ _4\"></span> <span class=\"_ _c\"> </span>ridotta <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>seguit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>assegnazi<span class=\"_ _1\"></span>one <span class=\"_ _25\"> </span>delle <span class=\"_ _d\"> </span>azioni <span class=\"_ _25\"> </span>leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>terz<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>cicl<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _25\"> </span>2022-<span class=\"lsc\">202</span>4 <span class=\"_ _25\"> </span>del <span class=\"_ _d\"> </span>secondo <span class=\"_ _25\"> </span>piano <span class=\"_ _d\"> </span>di<span class=\"_ _41\"> </span>incentiv<span class=\"_ _1\"></span>azione azionaria, la riserva per l\u2019<span class=\"_ _6\"></span>adeguamen<span class=\"_ _1\"></span>to al fai<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alue della partecipazione in Aire<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>al nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>della <span class=\"_ _1\"></span>fiscal<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erita, <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>3,9 mil<span class=\"_ _1\"></span>ioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> la <span class=\"_ _6\"></span>riser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>derivant<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dalla <span class=\"_ _1\"></span>D-Fligh<span class=\"_ _1\"></span>t S.p.A. <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>di con<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sione bilanci in v<span class=\"_ _1\"></span>aluta es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a riguar<span class=\"_ _1\"></span>danti le diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enze<span class=\"_ _1\"></span> cambio gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e dalla con<span class=\"_ _1\"></span>versio<span class=\"_ _1\"></span>ne in euro<span class=\"_ _41\"> </span>dei bilanci del<span class=\"_ _1\"></span>le societ\u00e0 ope<span class=\"_ _1\"></span>ranti in ar<span class=\"_ _1\"></span>ee diver<span class=\"_ _1\"></span>se dall\u2019<span class=\"_ _6\"></span>eur<span class=\"_ _1\"></span>o. La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>prima <span class=\"_ _1\"></span>adozi<span class=\"_ _1\"></span>one <span class=\"_ _1\"></span>IAS <span class=\"_ _1\"></span>(Fi<span class=\"_ _1\"></span>rst <span class=\"_ _6\"></span>Time <span class=\"_ _1\"></span>Adoption <span class=\"_ _1\"></span>\u2013 <span class=\"_ _6\"></span>FT<span class=\"_ _6\"></span>A) <span class=\"_ _1\"></span>accoglie <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>diff<span class=\"_ _1\"></span>erenz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alori <span class=\"_ _1\"></span>degli <span class=\"_ _1\"></span>elemen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>attivi e passiv<span class=\"_ _1\"></span>i regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>te in sede di prima ad<span class=\"_ _1\"></span>ozione dei principi c<span class=\"_ _1\"></span>ont<span class=\"_ _1\"></span>abili inte<span class=\"_ _1\"></span>rnazionali.<span class=\"_ _41\"> </span>La <span class=\"_ _1\"></span>Riserva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>uti<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>/(perdit<span class=\"_ _1\"></span>e) <span class=\"_ _1\"></span>attuaria<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>benefici <span class=\"_ _1\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _1\"></span>acc<span class=\"_ _1\"></span>oglie <span class=\"_ _1\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>varia<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>ioni <span class=\"_ _6\"></span>attuariali<span class=\"_ _41\"> </span>del <span class=\"_ _b\"></span>T<span class=\"_ _6\"></span>ratt<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>Fine <span class=\"_ _b\"> </span>Rappor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>dicembre <span class=\"_ _a\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _b\"></span>regis<span class=\"_ _1\"></span>tra <span class=\"_ _a\"></span>un <span class=\"_ _9\"> </span>utile <span class=\"_ _a\"></span>attuariale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Gruppo <span class=\"_ _b\"></span>per<span class=\"_ _41\"> </span>comples<span class=\"_ _1\"></span>sivi 0<span class=\"lse\">,5<span class=\"_ _4\"></span></span> milioni <span class=\"_ _1\"></span>di euro.<span class=\"ls9\">  </span>La  Rise<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>a  ca<span class=\"_ _1\"></span>sh  flow <span class=\"_ _9\"> </span>hedge <span class=\"_ _10\"> </span>include <span class=\"_ _10\"> </span>la <span class=\"_ _10\"> </span>val<span class=\"_ _1\"></span>utazione <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>air  va<span class=\"_ _1\"></span>lue  degli <span class=\"_ _9\"> </span>strumenti <span class=\"_ _10\"> </span>finanziari <span class=\"_ _9\"> </span>derivati <span class=\"_ _10\"> </span>di<span class=\"_ _41\"> </span> copertur<span class=\"_ _1\"></span>a, che non ha subi<span class=\"_ _1\"></span>to va<span class=\"_ _1\"></span>riazioni nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025<span class=\"lsf\">. </span><span class=\"ff3\"> </span>La <span class=\"_ _a\"></span>Riserva <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>propr<span class=\"_ _1\"></span>ie <span class=\"_ _a\"></span>accoglie <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>ovalor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>proprie <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>n. <span class=\"_ _b\"></span>1.419.105 <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>prezz<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> medio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>4,<span class=\"ls6\">65</span> <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>azione. <span class=\"_ _a\"></span>Nel <span class=\"_ _5\"></span>corso <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>2025, <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>del<span class=\"_ _4\"></span>ibe<span class=\"_ _1\"></span>ra <span class=\"_ _5\"></span>assembleare, <span class=\"_ _a\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>proceduto <span class=\"_ _5\"></span>ad<span class=\"_ _41\"> </span> acquis<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> 1,4 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di azi<span class=\"_ _1\"></span>oni pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>e ad<span class=\"_ _1\"></span> assegnar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>n. 361<span class=\"_ _1\"></span>.835 azioni<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>per un <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>trov<span class=\"_ _1\"></span>alore <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>1,4<span class=\"_ _41\"> </span> milioni di <span class=\"_ _1\"></span>euro ai<span class=\"_ _1\"></span> beneficiari<span class=\"_ _1\"></span> del te<span class=\"_ _1\"></span>rzo ciclo <span class=\"_ _1\"></span>di ves<span class=\"_ _1\"></span>ting 2022-2024 <span class=\"_ _1\"></span>del secondo <span class=\"_ _1\"></span>piano di pe<span class=\"_ _1\"></span>rformance <span class=\"_ _1\"></span>2020-<span class=\"_ _41\"> </span>2022. <span class=\"ff3\"> </span>Gli <span class=\"_ _10\"> </span>Utili/(P<span class=\"_ _1\"></span>erdit<span class=\"_ _1\"></span>e) <span class=\"_ _10\"> </span>portati<span class=\"_ _1\"></span>  a <span class=\"_ _9\"> </span>nuovo <span class=\"_ _10\"> </span>accolgon<span class=\"_ _1\"></span>o  i <span class=\"_ _10\"> </span>risult<span class=\"_ _1\"></span>ati <span class=\"_ _10\"> </span>dei<span class=\"_ _1\"></span>  pre<span class=\"_ _1\"></span>cedenti <span class=\"_ _10\"> </span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _10\"> </span>deriva<span class=\"_ _1\"></span>nti  dal<span class=\"_ _1\"></span>le  socie<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _41\"> </span> rientr<span class=\"_ _1\"></span>anti <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>area<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>consolidamen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>dall<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>rettifiche <span class=\"_ _b\"> </span>operat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>livell<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>nsolidato.<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>La <span class=\"_ _9\"> </span>varia<span class=\"_ _1\"></span>zione<span class=\"_ _41\"> </span> neg<span class=\"_ _1\"></span>ativa di <span class=\"_ _1\"></span>18,6 milioni di e<span class=\"_ _1\"></span>uro si rif<span class=\"_ _1\"></span>erisce principa<span class=\"_ _1\"></span>lment<span class=\"_ _1\"></span>e al preli<span class=\"_ _1\"></span>evo in tal<span class=\"_ _1\"></span>e voce di una q<span class=\"_ _1\"></span>uota des<span class=\"_ _1\"></span>tinata a<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> titolo di divi<span class=\"_ _1\"></span>dendo erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o nel mese di maggio 2025<span class=\"lsf\">. </span><span class=\"lsf\"><span class=\"_ _1\"></span><span class=\"ff3 ls0\"> </span></span>L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e di esercizio a<span class=\"_ _1\"></span>ttribuibile agli<span class=\"_ _1\"></span> azionisti della<span class=\"_ _1\"></span> Capogruppo <span class=\"_ _4\"></span>amm<span class=\"_ _1\"></span>onta a 93<span class=\"_ _1\"></span>,1 milioni di euro<span class=\"_ _1\"></span>. <span class=\"ff3\"> </span>Al 31 dicembr<span class=\"_ _1\"></span>e 2025 il P<span class=\"_ _1\"></span>atrimonio Ne<span class=\"_ _1\"></span>tto attribuibile<span class=\"_ _1\"></span> alle minoranz<span class=\"_ _1\"></span>e ammon<span class=\"_ _1\"></span>ta a 1.0<span class=\"lsc\">85</span> migliaia di eur<span class=\"_ _1\"></span>o.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Gestione de<span class=\"_ _1\"></span>l capital<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span><span class=\"ff3\"> </span>Gli <span class=\"_ _4\"></span>obiettivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>identific<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>dal<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>sono la <span class=\"_ _4\"></span>cre<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore per<span class=\"_ _41\"> </span> gli <span class=\"_ _1\"></span>stak<span class=\"_ _6\"></span>eholder e <span class=\"_ _1\"></span>il su<span class=\"_ _1\"></span>pporto <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>sviluppo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo ne<span class=\"_ _1\"></span>l lungo <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolar<span class=\"_ _1\"></span>e, il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>segue<span class=\"_ _41\"> </span> il <span class=\"_ _9\"> </span>man<span class=\"_ _1\"></span>teniment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>li<span class=\"_ _1\"></span>vello <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apitalizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>permett<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>antire<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>accesso <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>onti<span class=\"_ _41\"> </span> est<span class=\"_ _1\"></span>erne di <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>to ce<span class=\"_ _1\"></span>rcando <span class=\"_ _1\"></span>di o<span class=\"_ _1\"></span>ttimizzar<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tempo <span class=\"_ _1\"></span>il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>dell\u2019indebit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, l<span class=\"_ _1\"></span>a r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span> di <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>acent<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ritorno <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>azionisti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>consent<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>support<span class=\"_ _1\"></span>are <span class=\"_ _5\"></span>adeguata<span class=\"_ _1\"></span>mente <span class=\"_ _4\"></span>lo<span class=\"_ _41\"> </span> svi<span class=\"_ _1\"></span>luppo <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Gruppo. <span class=\"_ _4\"></span>In <span class=\"_ _4\"></span>tale <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tisce <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>patrimonia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>tiene<span class=\"_ _41\"> </span> cont<span class=\"_ _1\"></span>o delle condizi<span class=\"_ _1\"></span>oni economiche e dei r<span class=\"_ _1\"></span>equisiti dei <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> finanziari<span class=\"_ _1\"></span>.</span></span><span class=\"ff8\"><span class=\"ff2\"><span class=\"ff3\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "Gestione de<span class=\"_ _1\"></span>l capital<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Gli <span class=\"_ _4\"></span>obiettivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>identific<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>dal<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo nell\u2019<span class=\"_ _6\"></span>ambito della <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>capit<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>sono la <span class=\"_ _4\"></span>cre<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>alore per<span class=\"_ _41\"> </span>gli <span class=\"_ _1\"></span>stak<span class=\"_ _6\"></span>eholder e <span class=\"_ _1\"></span>il su<span class=\"_ _1\"></span>pporto <span class=\"_ _1\"></span>allo <span class=\"_ _1\"></span>sviluppo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Gruppo ne<span class=\"_ _1\"></span>l lungo <span class=\"_ _1\"></span>periodo. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolar<span class=\"_ _1\"></span>e, il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>segue<span class=\"_ _41\"> </span>il <span class=\"_ _9\"> </span>man<span class=\"_ _1\"></span>teniment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>adegua<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>li<span class=\"_ _1\"></span>vello <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>apitalizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>che<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>permett<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>antire<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>accesso <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>onti<span class=\"_ _41\"> </span>est<span class=\"_ _1\"></span>erne di <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>to ce<span class=\"_ _1\"></span>rcando <span class=\"_ _1\"></span>di o<span class=\"_ _1\"></span>ttimizzar<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l con<span class=\"_ _1\"></span>tempo <span class=\"_ _1\"></span>il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>dell\u2019indebit<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o, l<span class=\"_ _1\"></span>a r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>soddisf<span class=\"_ _1\"></span>acent<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>ritorno <span class=\"_ _4\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>azionisti <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>consent<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>support<span class=\"_ _1\"></span>are <span class=\"_ _5\"></span>adeguata<span class=\"_ _1\"></span>mente <span class=\"_ _4\"></span>lo<span class=\"_ _41\"> </span>svi<span class=\"_ _1\"></span>luppo <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Gruppo. <span class=\"_ _4\"></span>In <span class=\"_ _4\"></span>tale <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>ntes<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tisce <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>consis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>patrimonia<span class=\"_ _1\"></span>li <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>tiene<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o delle condizi<span class=\"_ _1\"></span>oni economiche e dei r<span class=\"_ _1\"></span>equisiti dei <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> finanziari<span class=\"_ _1\"></span>.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "20.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Fondi risc<span class=\"_ _1\"></span>hi e oneri<span class=\"_ _41\"> </span>I <span class=\"_ _4\"></span>fondi <span class=\"_ _4\"></span>rischi <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>oneri <span class=\"_ _5\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>5.791 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cui <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>quota <span class=\"_ _4\"></span>classifica<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span>nelle <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>ammon<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>3.109 <span class=\"_ _9\"> </span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>ed <span class=\"_ _9\"> </span>han<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>subit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>nell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"> </span>la <span class=\"_ _9\"> </span>seguent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>moviment<span class=\"_ _1\"></span>azione:<table class=\"s w362 h72a\" id=\"_f1546158-151d-4b9b-ad6a-90bced7e9a17\"><tr><td></td><td></td><td></td><td class=\"c x29a y15ec w363 h72b\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Assorbiment<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x29b y15ed w364 h72c\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">a cont<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x29c y15ee w1ca h92\"><div class=\"t m0 x50 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29d y15ee w1cb h92\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Incrementi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29e y15ef w365 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">economico<span class=\"_ _41\"> </span></div></td><td class=\"c x29f y15ee w1d8 h92\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Utilizzi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15ee w1c2 h92\"><div class=\"t m0 x7e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15f0 w1c9 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _6\"></span>.do rischi per il cont<span class=\"_ _1\"></span>enzioso con il pers<span class=\"_ _1\"></span>onal<span class=\"_ _4\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29c y15f0 w1ca h2c\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.149<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29d y15f0 w1cb h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.085<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y15f0 w1d7 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29f y15f0 w1d8 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.694)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15f0 w1c2 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.540<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15f1 w1c9 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">F<span class=\"_ _6\"></span>.do rischi per altri cont<span class=\"_ _1\"></span>enziosi in essere<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29c y15f1 w1ca h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x29d y15f1 w1cb h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y15f1 w1d7 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29f y15f1 w1d8 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15f1 w1c2 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">49<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15f2 w1c9 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri f<span class=\"_ _1\"></span>ondi rischi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29c y15f2 w1ca h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">883<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x29d y15f2 w1cb h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y15f2 w1d7 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(883)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29f y15f2 w1d8 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15f2 w1c2 h2f\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y15f3 w1c9 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fondo altri<span class=\"_ _1\"></span> o<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>ri<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29c y15f3 w1ca h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29d y15f3 w1cb h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">202<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a1 y15f3 w1d7 h2f\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29f y15f3 w1d8 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15f3 w1c2 h2f\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">202<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y15f4 w1c9 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale fond<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29c y15f4 w1ca h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11.081<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x29d y15f4 w1cb h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.287<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a1 y15f4 w1d7 h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(883)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x29f y15f4 w1d8 h2c\"><div class=\"t m0 x5b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(5.694)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a0 y15f4 w1c2 h2c\"><div class=\"t m0 x35 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.791<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x29f y15f5 w1d9 h2c\"><div class=\"t m0 x2d h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"fc8\">fondo rischi per <span class=\"_ _4\"></span>il cont<span class=\"_ _1\"></span>enzioso con il <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale <span class=\"fc0\">al <span class=\"_ _4\"></span>31 dicembre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>mmonta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a 5.540 migliaia di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _41\"> </span></span></span>la cui quota<span class=\"_ _1\"></span> corren<span class=\"_ _1\"></span>te \u00e8 pari a<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2.90<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>migliaia di eur<span class=\"_ _1\"></span>o, ed evi<span class=\"_ _1\"></span>denzia un accant<span class=\"_ _1\"></span>onament<span class=\"_ _1\"></span>o dell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 1,1<span class=\"_ _41\"> </span>milioni <span class=\"_ _9\"> </span>di  eur<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>per <span class=\"_ _10\"> </span>tene<span class=\"_ _1\"></span>r <span class=\"_ _10\"> </span>con<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>con<span class=\"_ _1\"></span>tenziosi <span class=\"_ _9\"> </span>sorti <span class=\"_ _10\"> </span>nell\u2019<span class=\"_ _2\"></span>anno  il <span class=\"_ _9\"> </span>cui  rischio <span class=\"_ _9\"> </span>per <span class=\"_ _10\"> </span>passivit<span class=\"_ _1\"></span>\u00e0  <span class=\"ls13\">\u00e8 <span class=\"_ _10\"> </span></span>rit<span class=\"_ _1\"></span>enuto<span class=\"_ _41\"> </span>probabil<span class=\"_ _1\"></span>e. <span class=\"_ _4\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>o del <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ondo nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio si <span class=\"_ _4\"></span>\u00e8 r<span class=\"_ _1\"></span>eso <span class=\"_ _4\"></span>n<span class=\"_ _1\"></span>ecessario per la <span class=\"_ _4\"></span>defi<span class=\"_ _1\"></span>nizione sf<span class=\"_ _1\"></span>avore<span class=\"_ _1\"></span>vole del giudizio<span class=\"_ _41\"> </span>di primo gr<span class=\"_ _1\"></span>ado<span class=\"_ _1\"></span>, immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e esecutivo di alcu<span class=\"_ _1\"></span>ni cont<span class=\"_ _1\"></span>enziosi, per i q<span class=\"_ _1\"></span>uali la Capogru<span class=\"_ _1\"></span>ppo ha prese<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>appello<span class=\"_ _1\"></span>, accolto in sec<span class=\"_ _1\"></span>ondo gr<span class=\"_ _1\"></span>ado dalla Corte di Appello<span class=\"_ _1\"></span>, che ha respin<span class=\"_ _1\"></span>to tot<span class=\"_ _1\"></span>alment<span class=\"_ _1\"></span>e le pret<span class=\"_ _1\"></span>ese del primo<span class=\"_ _41\"> </span>gra<span class=\"_ _1\"></span>do.<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>La <span class=\"_ _4\"></span>Capogruppo <span class=\"_ _5\"></span>sta <span class=\"_ _4\"></span>mette<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>atto <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>necessarie <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>som<span class=\"_ _4\"></span>me <span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>sate <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>esecuzione della sent<span class=\"_ _1\"></span>enza di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>primo gr<span class=\"_ _1\"></span>ado. Rimangono<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>penden<span class=\"_ _1\"></span>ti i <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ermini per l\u2019<span class=\"_ _1\"></span>ulterior<span class=\"_ _1\"></span>e grado di giudizio.<span class=\"_ _41\"> </span>Al<span class=\"ls0\"> <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2025, <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>complessiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>delle <span class=\"_ _4\"></span>richiest<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>giudiziali <span class=\"_ _4\"></span>relativ<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>cont<span class=\"_ _1\"></span>enziosi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>essere <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>cui<span class=\"_ _41\"> </span></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soccombenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>valuta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>dai <span class=\"_ _5\"></span>legal<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>incarica<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>possibile, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _a\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>8<span class=\"_ _4\"></span>,3 <span class=\"_ _4\"></span>milioni <span class=\"_ _5\"></span>di euro. <span class=\"_ _1\"></span> <span class=\"ff3\"> </span>La <span class=\"_ _4\"></span>posizione <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>esente <span class=\"_ _4\"></span>negl<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>altri <span class=\"_ _4\"></span>fondi <span class=\"_ _4\"></span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>883 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>chiusa <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _4\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2025 essendo <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>ervenuta<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>prescrizione <span class=\"_ _6\"></span>decennale <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>pretese <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>suo t<span class=\"_ _1\"></span>empo <span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>anza<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>ambit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>attuale",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "21.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Benefici ai dip<span class=\"_ _1\"></span>endenti Il <span class=\"_ _1\"></span>TFR <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>altri <span class=\"_ _1\"></span>benefici <span class=\"_ _1\"></span>ai<span class=\"_ _1\"></span> dipe<span class=\"_ _1\"></span>ndenti <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>32.361 <span class=\"_ _1\"></span>migli<span class=\"_ _1\"></span>aia <span class=\"_ _1\"></span>di e<span class=\"_ _1\"></span>uro <span class=\"_ _1\"></span>ed <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>compos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dal<span class=\"_ _1\"></span> F<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>atta<span class=\"_ _1\"></span>mento<span class=\"_ _41\"> </span>di <span class=\"_ _9\"> </span>Fine <span class=\"_ _9\"> </span>Rappo<span class=\"_ _1\"></span>rto, <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span>sciplinat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>dall\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _9\"> </span>2120 <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>Codice <span class=\"_ _9\"> </span>Civile, <span class=\"_ _9\"> </span>che <span class=\"_ _b\"> </span>accoglie <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tima <span class=\"_ _9\"> </span>dell\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione,<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>ta sulla base <span class=\"_ _4\"></span>di tecniche attuariali, dell\u2019<span class=\"_ _6\"></span>ammont<span class=\"_ _1\"></span>are da <span class=\"_ _4\"></span>corrisp<span class=\"_ _1\"></span>ondere ai <span class=\"_ _4\"></span>dipenden<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>del Gruppo<span class=\"_ _41\"> </span>ENA<span class=\"_ _1\"></span>V all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>tto della cessazio<span class=\"_ _1\"></span>ne del rappo<span class=\"_ _1\"></span>rto di lav<span class=\"_ _1\"></span>oro. La passivit<span class=\"_ _1\"></span>\u00e0 per Benefici ai <span class=\"_ _1\"></span>dipendenti si \u00e8 c<span class=\"_ _1\"></span>os\u00ec movime<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>a nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o:<table class=\"s w366 h72d\" id=\"_34cba415-fda8-46bf-a6e3-3bcf1595c980\"><tr><td></td><td class=\"c x2a2 y15f6 w1db h31\"><div class=\"t m0 x40 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15f6 w1dc h31\"><div class=\"t m0 x40 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15f0 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 per benefici ai dipendenti a inzio periodo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15f0 w1db h2c\"><div class=\"t m0 x1dd h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">36.428<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a3 y15f0 w1dc h2c\"><div class=\"t m0 x1dd h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">39.429<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y15f1 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est cost<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15f1 w1db h2c\"><div class=\"t m0 x14 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.082<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15f1 w1dc h2c\"><div class=\"t m0 x14 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.213<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15f7 w1da h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(Utili)/Pe<span class=\"_ _1\"></span>rdite attuariali su ben<span class=\"_ _1\"></span>efi<span class=\"_ _4\"></span>ci defin<span class=\"_ _1\"></span>iti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15f7 w1db h2f\"><div class=\"t m0 x38 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">535<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a3 y15f7 w1dc h2f\"><div class=\"t m0 xe8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(372)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15f8 w1da h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi, er<span class=\"_ _1\"></span>ogazioni ed altre<span class=\"_ _1\"></span> variazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15f8 w1db h2f\"><div class=\"t m0 x72 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(5.684)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15f8 w1dc h2f\"><div class=\"t m0 x72 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.842)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15f9 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 per benefici ai dipendenti a fine periodo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15f9 w1db h2c\"><div class=\"t m0 x1dd h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">32.361<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a3 y15f9 w1dc h2c\"><div class=\"t m0 x1dd h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">36.428<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a3 y15f5 w1dc h2c\"><div class=\"t m0 x2a h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La <span class=\"_ _7\"> </span>com<span class=\"_ _1\"></span>ponente  finanziaria  dell\u2019<span class=\"_ _6\"></span>acc<span class=\"_ _1\"></span>antonamen<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>pari  a <span class=\"_ _12\"> </span>1.082<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>migliaia  di <span class=\"_ _7\"> </span>euro<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>\u00e8 <span class=\"_ _7\"> </span>iscritta<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>negli  oneri<span class=\"_ _41\"> </span>finanziari. <span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>\u2019u<span class=\"_ _1\"></span>tilizzo <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>fondo <span class=\"_ _5\"></span>TFR <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>5.684 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>liquidazioni <span class=\"_ _5\"></span>erog<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>personal<span class=\"_ _1\"></span>e in <span class=\"_ _1\"></span>uscit<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>da an<span class=\"_ _1\"></span>ticipazioni <span class=\"_ _1\"></span>erog<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>l per<span class=\"_ _1\"></span>sonale <span class=\"_ _1\"></span>che ne <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>atto <span class=\"_ _1\"></span>richies<span class=\"_ _1\"></span>ta. La diffe<span class=\"_ _1\"></span>renz<span class=\"_ _1\"></span>a tra il valor<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _2\"></span>accant<span class=\"_ _1\"></span>onato atteso alla fine del periodo <span class=\"_ _4\"></span>d\u2019<span class=\"_ _6\"></span>osse<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>azione con il valor<span class=\"_ _1\"></span>e attuale<span class=\"_ _41\"> </span>att<span class=\"_ _1\"></span>eso <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>pres<span class=\"_ _1\"></span>tazioni <span class=\"_ _4\"></span>pag<span class=\"_ _1\"></span>abili <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>futuro<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ricalc<span class=\"_ _1\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>fine <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>risultan<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>tale <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span>nuove <span class=\"_ _4\"></span>ipot<span class=\"_ _1\"></span>esi <span class=\"_ _4\"></span>valut<span class=\"_ _1\"></span>ative, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ostituisce <span class=\"_ _4\"></span>l\u2019importo <span class=\"_ _4\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>(Utili)/P<span class=\"_ _1\"></span>erdit<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>attuariali<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>calcolo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>gener<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>2025 un utile a<span class=\"_ _1\"></span>ttuariale di Grup<span class=\"_ _1\"></span>po per 535 migliaia di eur<span class=\"_ _1\"></span>o. Si riepilog<span class=\"_ _1\"></span>ano di seguito le<span class=\"_ _1\"></span> principali assunzio<span class=\"_ _1\"></span>ni attuarial<span class=\"_ _1\"></span>i applicat<span class=\"_ _1\"></span>e nel calc<span class=\"_ _1\"></span>olo del TFR:<table class=\"s w366 h72e\" id=\"_a4e8406d-7e03-4992-bb68-ad376dd2f809\"><tr><td></td><td class=\"c x2a2 y15fa w1db h2c\"><div class=\"t m0 x40 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15fa w1dc h2c\"><div class=\"t m0 x40 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15fb w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di attualizzazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15fb w1db h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,37%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15fb w1dc h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,18%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15fc w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di inflazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15fc w1db h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,00%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15fc w1dc h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,00%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15fd w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso annuo incremento TFR<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15fd w1db h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,00%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15fd w1dc h2c\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,00%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15fe w1da h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso atteso di turnov<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15fe w1db h2f\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,00%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15fe w1dc h2f\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4,00%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y15ff w1da h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso atteso di er<span class=\"_ _1\"></span>ogazione anticipazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y15ff w1db h38\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,00%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y15ff w1dc h38\"><div class=\"t m0 x3 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,00%<span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>asso <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>attualizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>dete<span class=\"_ _1\"></span>rminazione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>attuale <span class=\"_ _9\"> </span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>obblig<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>coer<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>par<span class=\"_ _2\"></span>. <span class=\"_ _9\"> </span>83 <span class=\"_ _9\"> </span>dell<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>IAS <span class=\"_ _9\"> </span>19, <span class=\"_ _b\"></span>dall\u2019Indice <span class=\"_ _9\"> </span>IBo<span class=\"_ _1\"></span>xx <span class=\"_ _b\"></span>Corporat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>AA <span class=\"_ _b\"> </span>con <span class=\"_ _9\"> </span>dur<span class=\"_ _1\"></span>ation<span class=\"_ _41\"> </span>rilev<span class=\"_ _1\"></span>ata  all<span class=\"_ _1\"></span>a  data  della  v<span class=\"_ _1\"></span>alutazione  e  commisu<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>alla  permanenz<span class=\"_ _1\"></span>a  media  del  coll<span class=\"_ _1\"></span>ettivo  oggetto  di<span class=\"_ _41\"> </span>val<span class=\"_ _1\"></span>utazione. Il tasso annuo<span class=\"_ _1\"></span> di <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o del TFR <span class=\"_ _4\"></span>\u00e8 pa<span class=\"_ _1\"></span>ri al 75% dell\u2019inflazione pi\u00f9 1,5 punti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>centuali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>conf<span class=\"_ _1\"></span>ormit\u00e0 al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>art. 2120 del <span class=\"_ _1\"></span>Codice civile.<span class=\"_ _41\"> </span>Di seguit<span class=\"_ _1\"></span>o si fo<span class=\"_ _1\"></span>rnisce l\u2019<span class=\"_ _6\"></span>anali<span class=\"_ _1\"></span>si di sensitivit<span class=\"_ _1\"></span>\u00e0 del TFR rispe<span class=\"_ _1\"></span>tto alla v<span class=\"_ _1\"></span>ariazione dell<span class=\"_ _1\"></span>e principali ipot<span class=\"_ _1\"></span>esi attuarial<span class=\"_ _1\"></span>i. <table class=\"s w372 h731\" id=\"_6df643a7-9454-46a7-ac58-c421450a18e2\"><tr><td></td><td></td><td class=\"c x2ba y160a w373 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">Passi<span class=\"_ _1\"></span>vit\u00e0 per benefici<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2bb y160b w374 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">definiti<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2bc y160c w375 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">ai dipendenti del Gruppo<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x2a2 y160d w1db h2f\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y160d w1dc h2f\"><div class=\"t m0 x40 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y160e w1da h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di turnover + 1%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y160e w1db h2c\"><div class=\"t m0 x1dd h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">32.994<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y160e w1dc h2c\"><div class=\"t m0 x1dd h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">36.968<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y160f w1da h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di turnover - <span class=\"ls16\">1%</span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y160f w1db h2f\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">32.784<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y160f w1dc h2f\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">36.772<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1610 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di inflazione + 0,25%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y1610 w1db h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">33.227<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y1610 w1dc h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.259<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1611 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di inflazione - 0,25%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y1611 w1db h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">32.562<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y1611 w1dc h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">36.493<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1612 w1da h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di attualizzazione +<span class=\"_ _1\"></span> 0,25%<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y1612 w1db h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">32.375<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y1612 w1dc h2c\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">36.275<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1613 w1da h38\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>asso di attualizzazione - 0,25%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a2 y1613 w1db h38\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">33.423<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a3 y1613 w1dc h38\"><div class=\"t m0 x1dd h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.490<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2a3 y1614 w1dc h2f\"><div class=\"t m0 x2a h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La dur<span class=\"_ _1\"></span>ata media fina<span class=\"_ _1\"></span>nziaria dell\u2019<span class=\"_ _6\"></span>obblig<span class=\"_ _1\"></span>azione per i piani <span class=\"_ _1\"></span>a benefici defi<span class=\"_ _1\"></span>nititi \u00e8 di 8,1 anni. 28.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costo d<span class=\"_ _1\"></span>el personale<span class=\"_ _41\"> </span>Il cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del personale ammont<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>6<span class=\"_ _1\"></span>32.576 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>un incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>40.140 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _a\"></span>(pari <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>+6,8%), <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>sia <span class=\"_ _a\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>r<span class=\"_ _1\"></span>etributivo <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>alla<span class=\"_ _41\"> </span>parte fissa <span class=\"_ _1\"></span>della retri<span class=\"_ _1\"></span>buzione che a quella v<span class=\"_ _1\"></span>ariabile.<table class=\"s w390 h73d\" id=\"_7a5627a3-7a9c-4c37-bf67-a50748a3f9e9\"><tr><td></td><td class=\"c x290 y1692 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1692 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1692 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1692 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1693 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Salari e stipendi<span class=\"_ _1\"></span>, di c<span class=\"_ _4\"></span>ui:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1694 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione fissa<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1694 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">341.651<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1694 w4c h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">321.421<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1694 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.230<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1694 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1695 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione variabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1695 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">106.436<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1695 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">99.446<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1695 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.990<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1695 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1696 w1cf h2c\"><div class=\"t m0 x4 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale salari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1696 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">448.087<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1696 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">420.867<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1696 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.220<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1696 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1697 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Oneri sociali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1697 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">144.180<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1697 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">135.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1697 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.039<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1697 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1698 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Oneri per benefici ai dip<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1698 w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">29.337<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1698 w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">27.737<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1698 w4d h2c\"><div class=\"t m0 x1db h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1698 w4c h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1699 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1699 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.972<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1699 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.691<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1699 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.281<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1699 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y169a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>to del personale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y169a w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">632.576<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y169a w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">592.436<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y169a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.140<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y169a w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y169b w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La retri<span class=\"_ _1\"></span>buzione fissa si att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span> a 3<span class=\"_ _4\"></span>4<span class=\"ls6\">1.<span class=\"_ _1\"></span><span class=\"ls0\">651 migliaia di eur<span class=\"_ _1\"></span>o, in incr<span class=\"_ _1\"></span>emento del 6,3%, ri<span class=\"_ _1\"></span>spetto al dat<span class=\"_ _1\"></span>o emerso<span class=\"_ _41\"> </span></span></span>nel <span class=\"_ _a\"></span>2024<span class=\"lsf\">, <span class=\"_ _a\"></span></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>rivalutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>minimi <span class=\"_ _a\"></span>contra<span class=\"_ _1\"></span>ttuali <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>2% <span class=\"_ _9\"> </span>di <span class=\"_ _5\"></span>cui <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>avven<span class=\"_ _1\"></span>uto nel mese di <span class=\"_ _4\"></span>lugli<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024 ed un ulterior<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>% nel mese di luglio 2025, per il differ<span class=\"_ _1\"></span>enziale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>infla<span class=\"_ _1\"></span>ttivo<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>triennio <span class=\"_ _4\"></span>2023-2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>livelli<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inquadr<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>attuale <span class=\"_ _4\"></span>prev<span class=\"_ _1\"></span>isti <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>CCNL. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>si a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+164 <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>medie <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>+<span class=\"ls6\">91</span> <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettive, <span class=\"_ _6\"></span>rispetto<span class=\"_ _41\"> </span>al 2024, che riflette principalmen<span class=\"_ _1\"></span>te le assunzioni del per<span class=\"_ _1\"></span>sonale operati<span class=\"_ _1\"></span>vo, te<span class=\"_ _1\"></span>cnico ed inf<span class=\"_ _1\"></span>ormatico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>non ha<span class=\"_ _41\"> </span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>incr<span class=\"_ _1\"></span>ementi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>retribuzione <span class=\"_ _6\"></span>fissa <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _6\"></span>chiudendo <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>org<span class=\"_ _1\"></span>anico <span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _41\"> </span>di Gruppo di 4.46<span class=\"_ _1\"></span>7 unit\u00e0 (4.376 u<span class=\"_ _1\"></span>nit\u00e0 eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>e di Gruppo a fine 2024). La <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>etribuzione va<span class=\"_ _1\"></span>riabile regis<span class=\"_ _1\"></span>tra un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 6.990 migliaia di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>col<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>alcuni istituti<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _c\"> </span>il <span class=\"_ _d\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _c\"> </span>operativ<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>C<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>(Contr<span class=\"_ _1\"></span>ollori <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ffico <span class=\"_ _c\"> </span>Aereo)<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>e <span class=\"_ _c\"> </span>FISO <span class=\"_ _d\"> </span>(Fli<span class=\"_ _1\"></span>ght<span class=\"_ _41\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _1\"></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ce Officer) <span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span>ti in v<span class=\"_ _1\"></span>igore <span class=\"_ _1\"></span>dal 1\u00b0 <span class=\"_ _1\"></span>agost<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span> seguito<span class=\"_ _1\"></span> del rinno<span class=\"_ _1\"></span>vo dell<span class=\"_ _1\"></span>a parte <span class=\"_ _1\"></span>specifica<span class=\"_ _41\"> </span>dei <span class=\"_ _b\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi <span class=\"_ _9\"> </span>A<span class=\"_ _6\"></span>TM <span class=\"_ _b\"></span>diretti <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>omplementa<span class=\"_ _1\"></span>ri <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>CCNL <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>asporto <span class=\"_ _b\"></span>aereo <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>riconosciment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>bonus<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance. Gli altri <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale regis<span class=\"_ _1\"></span>trano un <span class=\"_ _4\"></span><span class=\"ls10\">in</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 2.281 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ris<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, </span>in quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il saldo del 2024 cont<span class=\"_ _1\"></span>eneva gli e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>del termine del progr<span class=\"_ _1\"></span>amma di esodo<span class=\"_ _41\"> </span>denominat<span class=\"_ _1\"></span>o \u201cisopensione\u201d per 3<span class=\"_ _1\"></span>,8 milioni di eur<span class=\"_ _1\"></span>o, non <span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio in oggetto. Nella <span class=\"_ _25\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _25\"> </span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _25\"> </span>viene <span class=\"_ _d\"> </span>riportato <span class=\"_ _d\"> </span>l\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>azienda<span class=\"_ _1\"></span>le <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>Gruppo <span class=\"_ _25\"> </span>suddiv<span class=\"_ _1\"></span>iso <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>cat<span class=\"_ _1\"></span>egoria<span class=\"_ _41\"> </span>prof<span class=\"_ _1\"></span>essionale<span class=\"_ _1\"></span>:<table class=\"s w391 h73e\" id=\"_ca35d566-bdde-4fc6-b4a4-c69de3e242fb\"><tr><td></td><td class=\"c x2f8 y169c w207 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169c w208 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169c w207 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169d w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dirigenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169d w208 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169e w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Quadri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169e w207 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169e w208 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169e w207 h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169f w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impieg<span class=\"_ _1\"></span>ati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169f w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f9 y169f w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.903<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fa y169f w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a0 w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza finale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a0 w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a0 w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a0 w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a1 w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza media<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a1 w207 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.540<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a1 w208 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a1 w207 h2c\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">164<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2f9 y16a2 w20a h2c\"><div class=\"t m0 x10d h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "22.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>vit\u00e0 finanziarie c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti e non corren<span class=\"_ _1\"></span>ti Le <span class=\"_ _12\"> </span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _12\"> </span>finanziarie <span class=\"_ _12\"> </span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>non <span class=\"_ _12\"> </span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _12\"> </span>acc<span class=\"_ _1\"></span>olgono<span class=\"_ _4\"></span> <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>debiti <span class=\"_ _12\"> </span>ver<span class=\"_ _1\"></span>so <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>istituti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _12\"> </span>per<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>medio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _a\"></span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>esposizione <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>brev<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie<span class=\"_ _41\"> </span>corr<span class=\"_ _1\"></span>enti compr<span class=\"_ _1\"></span>ensivi degli in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>essi passivi rilev<span class=\"_ _1\"></span>ati per compe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span> <span class=\"ls13\">e </span>le passivi<span class=\"_ _1\"></span>t\u00e0 finanziarie<span class=\"_ _1\"></span> per leasing. Si riporta<span class=\"_ _1\"></span>no di seguito i v<span class=\"_ _1\"></span>alori al 31 dicem<span class=\"_ _1\"></span>bre 2025 pos<span class=\"_ _1\"></span>ti a confr<span class=\"_ _1\"></span>onto c<span class=\"_ _1\"></span>on il 31 dice<span class=\"_ _1\"></span>mbre 2024 e le r<span class=\"_ _1\"></span>elative<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>zioni:<table class=\"s w367 h72f\" id=\"_aa8aad2e-e51f-4fcd-a4f5-c507b12e59ba\"><tr><td></td><td></td><td class=\"c x2a5 y1600 w1e6 h31\"><div class=\"t m0 x66 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2a6 y1600 w1e7 h31\"><div class=\"t m0 x32 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\"> al 31.12.2024<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a7 y1600 w1e8 h31\"><div class=\"t m0 xb hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td class=\"c x2a8 y1601 w368 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2a9 y1601 w369 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2aa y1601 w368 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2ab y1601 w36a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2ac y1601 w36b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2ad y1601 w36c h713\" colspan=\"2\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x2ae y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2af y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b0 y1603 w1e1 h6c\"><div class=\"t m0 x2e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x243 y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b1 y1602 w36e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b2 y1603 w1e3 h6c\"><div class=\"t m0 x5b hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x2b3 y1602 w36e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b4 y1602 w36f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b5 y1603 w1e5 h6c\"><div class=\"t m0 x90 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x2b6 y1604 w1de h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Finanziamenti banc<span class=\"_ _1\"></span>ari<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a5 y1604 w1df h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">379.726<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b7 y1604 w1e0 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">188.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b0 y1604 w1e1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">567.742<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a6 y1604 w1e2 h2f\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.275<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b8 y1604 w19a h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">564.870<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b2 y1604 w1e3 h2f\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">585.145<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a7 y1604 w1a8 h2f\"><div class=\"t m0 x91 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">359.451<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b9 y1604 w1e4 h2f\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(376.854)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1604 w1e5 h2f\"><div class=\"t m0 x50 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(17.403)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y1605 w370 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Debiti finanziari per<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1606 w371 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">lease ex IF<span class=\"_ _1\"></span>RS 16<span class=\"_ _41\"> </span></div></td><td class=\"c x2a5 y1607 w1df h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.709<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b7 y1607 w1e0 h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.763<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b0 y1607 w1e1 h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a6 y1607 w1e2 h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.732<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b8 y1607 w19a h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.787<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b2 y1607 w1e3 h44\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.519<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a7 y1607 w1a8 h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">977<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b9 y1607 w1e4 h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.976<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1607 w1e5 h44\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.953<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y1608 w1de h2c\"><div class=\"t m0 x0 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a5 y1608 w1df h2c\"><div class=\"t m0 x3a h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">382.435<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b7 y1608 w1e0 h2c\"><div class=\"t m0 x90 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">196.779<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b0 y1608 w1e1 h2c\"><div class=\"t m0 x48 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">579.214<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a6 y1608 w1e2 h2c\"><div class=\"t m0 x7e h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">22.007<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b8 y1608 w19a h2c\"><div class=\"t m0 x30 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">567.657<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b2 y1608 w1e3 h2c\"><div class=\"t m0 x77 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">589.664<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a7 y1608 w1a8 h2c\"><div class=\"t m0 x91 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">360.428<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b9 y1608 w1e4 h2c\"><div class=\"t m0 x7e h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(370.878)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1608 w1e5 h2c\"><div class=\"t m0 x50 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(10.450)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a7 y1609 w1e8 h2f\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _4\"></span>finanziamenti <span class=\"_ _4\"></span>banc<span class=\"_ _1\"></span>ari <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _4\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>2025 <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span><span class=\"ls11\">de</span>cremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span><span class=\"ls6\">17</span>.403 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>per <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>rimbor<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>delle <span class=\"_ _b\"> </span>rat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>finanziamenti <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>ssere <span class=\"_ _9\"> </span>iscritti <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>cos<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>to. <span class=\"_ _9\"> </span>In <span class=\"_ _9\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span>: i)<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>rimborso <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on BEI<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>semestral<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span> finanzi<span class=\"_ _1\"></span>amento<span class=\"_ _41\"> </span>di <span class=\"_ _4\"></span>iniziali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omplessivi <span class=\"_ _4\"></span>5.333 migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>il 12 <span class=\"_ _4\"></span>dicembre 2032<span class=\"_ _4\"></span>; <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>due <span class=\"_ _4\"></span>rat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>semestr<span class=\"_ _1\"></span>ali <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>finanziament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>iniziali <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>0 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>complessivi <span class=\"_ _4\"></span>8.<span class=\"_ _4\"></span>850 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>con<span class=\"_ _41\"> </span>scadenz<span class=\"_ _1\"></span>a il <span class=\"_ _1\"></span>19 dicembre <span class=\"_ _1\"></span>2029; iii) i<span class=\"_ _1\"></span>l rimborso di <span class=\"_ _1\"></span>due r<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>semestr<span class=\"_ _1\"></span>ali del finanzi<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>di iniziali <span class=\"_ _1\"></span>70 milioni<span class=\"_ _41\"> </span>di euro <span class=\"_ _1\"></span>per complessivi 4<span class=\"_ _1\"></span>.828 migliaia<span class=\"_ _1\"></span> di euro co<span class=\"_ _1\"></span>n s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>adenz<span class=\"_ _1\"></span>a ad agost<span class=\"_ _1\"></span>o 2036.<span class=\"_ _41\"> </span>Le <span class=\"_ _9\"> </span>quot<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>nanziamenti <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>rimbor<span class=\"_ _1\"></span>sare <span class=\"_ _b\"> </span>nel <span class=\"_ _9\"> </span>2026<span class=\"_ _4\"></span>, <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>coer<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>con <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>piani <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>mmortament<span class=\"_ _1\"></span>o, <span class=\"_ _b\"></span>sono<span class=\"_ _41\"> </span>espost<span class=\"_ _1\"></span>e  tr<span class=\"_ _1\"></span>a  le  passiv<span class=\"_ _1\"></span>it\u00e0  c<span class=\"_ _1\"></span>orrenti  pe<span class=\"_ _1\"></span>r  comple<span class=\"_ _1\"></span>ssivi  379.726  migliaia <span class=\"_ _10\"> </span>di  eur<span class=\"_ _1\"></span>o, <span class=\"_ _10\"> </span>compr<span class=\"_ _1\"></span>ensive <span class=\"_ _10\"> </span>degli  e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span>connessi al<span class=\"_ _1\"></span> cost<span class=\"_ _1\"></span>o ammortizz<span class=\"_ _1\"></span>ato. Il <span class=\"ff8\">T<span class=\"_ _2\"></span>erm L<span class=\"_ _4\"></span>oan<span class=\"ff2\"> di 36<span class=\"_ _1\"></span>0 milioni di euro sott<span class=\"_ _1\"></span>oscritto nel<span class=\"_ _1\"></span> mese di marzo 2<span class=\"_ _1\"></span>023 e<span class=\"_ _41\"> </span></span></span>in <span class=\"_ _9\"> </span>sc<span class=\"_ _1\"></span>adenza <span class=\"_ _b\"></span>nel <span class=\"_ _9\"> </span>mese <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>marz<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>2026 <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _b\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>un\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span><span class=\"ff8\">refinancing</span> <span class=\"_ _9\"> </span>final<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>dal<span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _1\"></span>nel mese di <span class=\"_ _1\"></span>gennaio 2<span class=\"_ _1\"></span>026 che ha <span class=\"_ _1\"></span>previs<span class=\"_ _1\"></span>to la<span class=\"_ _1\"></span> sottoscrizione <span class=\"_ _1\"></span>di due <span class=\"ff8\">T<span class=\"_ _6\"></span>erm <span class=\"_ _1\"></span>Loan<span class=\"ff2\"> per co<span class=\"_ _1\"></span>mplessivi<span class=\"_ _41\"> </span></span></span>250 milioni di eur<span class=\"_ _1\"></span>o utilizz<span class=\"_ _1\"></span>ati ad int<span class=\"_ _1\"></span>egra<span class=\"_ _1\"></span>le rimborso<span class=\"_ _1\"></span> dei 360 milioni di eur<span class=\"_ _1\"></span>o.  Al 31 <span class=\"_ _1\"></span>dicembr<span class=\"_ _1\"></span>e 2025 <span class=\"_ _1\"></span>il Gru<span class=\"_ _1\"></span>ppo dispone <span class=\"_ _1\"></span>di l<span class=\"_ _1\"></span>inee di <span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>breve<span class=\"_ _1\"></span> periodo <span class=\"_ _1\"></span><span class=\"ff8\">committ<span class=\"_ _1\"></span>ed<span class=\"ff2\"> <span class=\"ls13\">e </span></span>un<span class=\"_ _1\"></span>committed<span class=\"ff2\"> <span class=\"_ _1\"></span>non<span class=\"_ _41\"> </span></span></span>utilizz<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> per complessivi<span class=\"_ _1\"></span> 203 mili<span class=\"_ _1\"></span>oni di eur<span class=\"_ _1\"></span>o, a<span class=\"_ _1\"></span>l quale s<span class=\"_ _1\"></span>i aggiunge i<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span><span class=\"ff8\">loan <span class=\"_ _1\"></span>commitment <span class=\"_ _1\"></span><span class=\"ff2\">di residui <span class=\"_ _1\"></span>80 milioni<span class=\"_ _41\"> </span></span></span>di euro <span class=\"_ _1\"></span>sottoscritto c<span class=\"_ _1\"></span>on la BEI.<span class=\"_ _41\"> </span>Nella <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>riportat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>finanziamenti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>condizi<span class=\"_ _1\"></span>oni g<span class=\"_ _1\"></span>enerali<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>credito <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>Gruppo <span class=\"_ _b\"></span>nei <span class=\"_ _b\"></span>confr<span class=\"_ _1\"></span>onti <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>en<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>finanzi<span class=\"_ _1\"></span>atori. <span class=\"_ _a\"></span>Rela<span class=\"_ _1\"></span>tivament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>agli <span class=\"_ _b\"></span>anticipi <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>gli<span class=\"_ _41\"> </span>istituti finanziari UniCredit e <span class=\"_ _4\"></span>Int<span class=\"_ _1\"></span>esa <span class=\"_ _4\"></span>Sanpaolo,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>evi<span class=\"_ _1\"></span>denzia <span class=\"_ _4\"></span>che le <span class=\"_ _4\"></span>condiz<span class=\"_ _1\"></span>ioni <span class=\"_ _4\"></span>applic<span class=\"_ _1\"></span>ate sono <span class=\"_ _4\"></span>conc<span class=\"_ _1\"></span>ordat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>volta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>volta <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>riflettono<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>situazione <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>merca<span class=\"_ _1\"></span>to, <span class=\"_ _4\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _4\"></span>condizioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>linee <span class=\"_ _a\"></span><span class=\"ff8\">committe<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span><span class=\"ff2\"> <span class=\"_ _4\"></span>vengono<span class=\"_ _41\"> </span></span></span>determina<span class=\"_ _1\"></span>te in ba<span class=\"_ _1\"></span>se alla perce<span class=\"_ _1\"></span>ntuale di utilizz<span class=\"_ _1\"></span>o.<table class=\"s w376 h732\" id=\"_eb8acd02-b203-4d00-80e9-afb39fe383a4\"><tr><td></td><td></td><td></td><td class=\"c x2bd y1615 w377 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x2be y1616 w378 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">utilizza<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x2bf y1617 w379 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2c0 y1617 w37a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">(valore<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c1 y1617 w377 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2c2 y1617 w37b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alore in<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x23a y1618 w1e9 h3f8\"><div class=\"t m0 x0 hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">Finanziator<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></div></td><td class=\"c x2c3 y1618 w1ea h3f8\"><div class=\"t m0 x0 hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1\"> </span></div></td><td class=\"c x2c4 y1619 w37c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">concesso<span class=\"_ _41\"> </span></div></td><td class=\"c x2c5 y1619 w37d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">nominale)<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c6 y1619 w37e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">disponibile<span class=\"_ _41\"> </span></div></td><td class=\"c x2c7 y1619 w37f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c8 y1618 w1ef h3f8\"><div class=\"t m0 x5a hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>ass<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x207 y161a w380 h733\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Pool BNL_Uni<span class=\"_ _1\"></span>credit_Intes<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>San<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y161a w381 h733\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x207 y161b w382 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">Paolo<span class=\"_ _41\"> </span></div></td><td class=\"c x2c3 y161c w1ea h47\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">RCF<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y161c w1eb h47\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">150.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y161c w1ec h47\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y161c w1ed h47\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">150.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y161c w1ee h47\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y161b w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y161d w381 h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y161e w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Unicre<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>it<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y161e w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi e<span class=\"_ _1\"></span>xport<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y161e w1eb h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y161e w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y161e w1ed h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y161e w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y161f w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1620 w381 h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1621 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Unicre<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>it<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1621 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1621 w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1621 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1621 w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1621 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1622 w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1623 w381 h734\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1624 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Intes<span class=\"_ _1\"></span>a San Paolo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1624 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1624 w1eb h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1624 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1624 w1ed h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1624 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1625 w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1626 w381 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1627 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Intes<span class=\"_ _1\"></span>a San Paolo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1627 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fido - scopert<span class=\"_ _1\"></span>o c<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>c<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1627 w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1627 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1627 w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1627 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1628 w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1629 w381 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y162a w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Crede<span class=\"_ _1\"></span>m<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2ca y162a w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y162a w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y162a w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y162a w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y162b w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y162c w1e9 h38\"><div class=\"t m0 x0 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2ca y162c w1eb h38\"><div class=\"t m0 x5a h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">203.000<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2cb y162c w1ec h38\"><div class=\"t m0 xf8 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y162c w1ed h38\"><div class=\"t m0 x2e h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">203.000<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2cd y162c w1ee h38\"><div class=\"t m0 x32 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2cd y162d w1f0 h2c\"><div class=\"t m0 xf8 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>dell\u2019indebitamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>bancario <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3,<span class=\"lsc\">59<span class=\"_ _4\"></span></span>% <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span><span class=\"ls11\">de<span class=\"ls0\">cr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o rispe<span class=\"_ _1\"></span>tto<span class=\"_ _41\"> </span></span></span>a quello dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span> che era pari a 4,06%.<span class=\"_ _1\"></span> In <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _4\"></span>all\u2019inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>richiest<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>sensi <span class=\"_ _4\"></span>dell\u2019IFRS<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>7, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta <span class=\"_ _4\"></span>che il <span class=\"_ _5\"></span><span class=\"ff8\">fair value</span> <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>finanziamenti<span class=\"_ _41\"> </span>bancari <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>stimat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>5<span class=\"ls6\">57</span>,1 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _6\"></span>considera<span class=\"_ _1\"></span>ndo<span class=\"_ _41\"> </span>una curv<span class=\"_ _1\"></span>a <span class=\"ff8\">free risk</span> <span class=\"_ _1\"></span>dei tas<span class=\"_ _1\"></span>si di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>mag<span class=\"_ _4\"></span>gior<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di u<span class=\"_ _1\"></span>no <span class=\"ff8\">spread</span> pos<span class=\"_ _1\"></span>to pari a<span class=\"_ _1\"></span>l diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enziale B<span class=\"_ _1\"></span>TP<span class=\"_ _1\"></span>/Bund <span class=\"_ _1\"></span>per<span class=\"_ _41\"> </span>consider<span class=\"_ _1\"></span>are la<span class=\"_ _1\"></span> component<span class=\"_ _1\"></span>e rischio di cre<span class=\"_ _1\"></span>dito.<span class=\"_ _41\"> </span>I <span class=\"_ _10\"> </span>debiti  finanzi<span class=\"_ _1\"></span>ari  pe<span class=\"_ _1\"></span>r  lease<span class=\"_ _1\"></span>  ex <span class=\"_ _9\"> </span>IFRS <span class=\"_ _10\"> </span>16  acc<span class=\"_ _1\"></span>olgono<span class=\"_ _1\"></span>,  pe<span class=\"_ _1\"></span>r  comples<span class=\"_ _1\"></span>sivi  11,5 <span class=\"_ _10\"> </span>milioni <span class=\"_ _10\"> </span>di  eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span>  le <span class=\"_ _10\"> </span>passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>diritti <span class=\"_ _9\"> </span>d\u2019uso <span class=\"_ _b\"> </span>iscritti, <span class=\"_ _9\"> </span>con <span class=\"_ _b\"></span>ripartizione <span class=\"_ _b\"></span>tra <span class=\"_ _b\"> </span>lungo <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>br<span class=\"_ _1\"></span>eve, <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>linea <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>le <span class=\"_ _b\"></span>scadenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i. <span class=\"_ _a\"></span>Nel <span class=\"_ _5\"></span>cor<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>regis<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>6,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>seguit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>della sottoscriz<span class=\"_ _1\"></span>ione del nuov<span class=\"_ _1\"></span>o contr<span class=\"_ _1\"></span>atto di loc<span class=\"_ _1\"></span>azione di vi<span class=\"_ _1\"></span>a Casale Cav<span class=\"_ _1\"></span>allari a R<span class=\"_ _1\"></span>oma. La <span class=\"_ _4\"></span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>ta<span class=\"_ _1\"></span>bella <span class=\"_ _4\"></span>riport<span class=\"_ _1\"></span>a la <span class=\"_ _4\"></span>composizione dell\u2019Indebit<span class=\"_ _1\"></span>amento Finanziario <span class=\"_ _4\"></span>Nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al 31 <span class=\"_ _4\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span><span class=\"ls3b\">e<span class=\"_ _41\"> </span></span>al <span class=\"_ _4\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2024 <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>secondo <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>previs<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dagli <span class=\"_ _5\"></span>Orient<span class=\"_ _1\"></span>amenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>mat<span class=\"_ _1\"></span>eria <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>obblighi <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>ai <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ns<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>golamento <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ul <span class=\"_ _a\"></span>prospetto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>manati <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>E<span class=\"_ _1\"></span>SMA <span class=\"_ _9\"> </span>(<span class=\"ff8\">Eur<span class=\"_ _1\"></span>opean <span class=\"_ _9\"> </span>Sec<span class=\"_ _1\"></span>urities <span class=\"_ _b\"> </span>&amp; <span class=\"_ _9\"> </span>Mark<span class=\"_ _6\"></span>ets<span class=\"_ _41\"> </span></span>Authority<span class=\"ff2\">) in data 4 marzo 2021 ed in vigore dal 5 maggio <span class=\"_ _4\"></span>2021 e rece<span class=\"_ _1\"></span>piti <span class=\"_ _4\"></span>dall<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>C<span class=\"_ _1\"></span>ONS<span class=\"_ _4\"></span>OB con Richiam<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span></span>Att<span class=\"_ _1\"></span>enzione n.<span class=\"_ _1\"></span> 5/21 del<span class=\"_ _1\"></span> 29 a<span class=\"_ _1\"></span>prile 2021<span class=\"_ _1\"></span> e con<span class=\"_ _1\"></span>sideran<span class=\"_ _1\"></span>do la li<span class=\"_ _1\"></span>quidit\u00e0 <span class=\"_ _1\"></span>della con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>Enav <span class=\"_ _1\"></span>As<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> Pa<span class=\"_ _1\"></span>cific per <span class=\"_ _1\"></span>4<span class=\"_ _4\"></span>,2<span class=\"_ _41\"> </span>milioni di eur<span class=\"_ _1\"></span>o, clas<span class=\"_ _1\"></span>sificat<span class=\"_ _1\"></span>a tra le<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> destinat<span class=\"_ _1\"></span>e alla vendit<span class=\"_ _1\"></span>a<span class=\"lsf\">. </span><div class=\"gsd\"><table class=\"s w384 h735\" id=\"_66cc25f5-4493-4037-b45d-e888aa19ba91\"><tr><td></td><td></td><td class=\"c x2cf y162e w385 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">di cui con<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2d0 y162e w386 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">di cui con<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2d1 y162f w387 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">parti<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2d2 y162f w388 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">parti<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x2d3 y1630 w1f2 h3f6\"><div class=\"t m0 x8e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d4 y1631 w389 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">correla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></div></td><td class=\"c x2d5 y1630 w2f h3f6\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d6 y1631 w389 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">correla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x270 y1632 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(A) Disponibilit<span class=\"_ _1\"></span>\u00e0 l<span class=\"_ _4\"></span>iquid<span class=\"_ _1\"></span>e presso banche<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1632 w1f2 h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">451.917<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1632 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1632 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">361.334<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1632 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1633 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(B) Mezzi equiv<span class=\"_ _1\"></span>alenti a disponibilit\u00e0 liquide<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1633 w1f2 h2c\"><div class=\"t m0 xf8 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1633 w1f3 h2c\"><div class=\"t m0 x33 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1633 w2f h2c\"><div class=\"t m0 x2d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1633 wde h2c\"><div class=\"t m0 x4e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1634 w1f1 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(C) Altre a<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie corr<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1634 w1f2 h2f\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1634 w1f3 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1634 w2f h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1634 wde h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1635 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(D) Liquidit<span class=\"_ _1\"></span>\u00e0 (<span class=\"_ _4\"></span>A)<span class=\"_ _1\"></span>+(B)+(C)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1635 w1f2 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">451.917<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d7 y1635 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1635 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">361.334<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d8 y1635 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1636 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(E) Debiti finanziari corr<span class=\"_ _1\"></span>enti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1636 w1f2 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.709)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1636 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1636 w2f h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.732)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1636 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1637 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(F) Part<span class=\"_ _1\"></span>e corrent<span class=\"_ _1\"></span>e dell\u2019indebitamento finanz<span class=\"_ _1\"></span>ario non corren<span class=\"_ _1\"></span>te<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1637 w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(379.726)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1637 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1637 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(20.275)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1637 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1638 w1f1 h38\"><div class=\"t m0 x0 h2 y868 ff6 fs6 fc0 sc0 ls0 ws0\">(G) Indebitament<span class=\"_ _1\"></span>o finanziario corrente (E)+(F<span class=\"_ _1\"></span>)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1638 w1f2 h38\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(382.435)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1638 w1f3 h38\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1638 w2f h38\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.007)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1638 wde h38\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1639 w1f1 h2f\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(H) Po<span class=\"_ _1\"></span>siz<span class=\"_ _4\"></span>io<span class=\"_ _1\"></span>ne Finanziario corrente nett<span class=\"_ _1\"></span>a (D)+(G)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1639 w1f2 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">69.482<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d7 y1639 w1f3 h2f\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1639 w2f h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">339.327<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d8 y1639 wde h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163a w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(I) Debiti finanziari non corr<span class=\"_ _1\"></span>enti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163a w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(196.780)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163a w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163a w2f h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(567.657)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163a wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163b w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(J) Strumenti di debit<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163b w1f2 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163b w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163b w2f h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163b wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163c w1f1 h6c\"><div class=\"t m0 x0 h2 y750 ffb fs6 fc0 sc0 ls0 ws0\">(K) Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamentat<span class=\"_ _1\"></span>a e commerciali non c<span class=\"_ _1\"></span>orrenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163c w1f2 h6c\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.152)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163c w1f3 h6c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163c w2f h6c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(29.941)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163c wde h6c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163d w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(L) Indebitament<span class=\"_ _1\"></span>o finanziario non corrente (I)<span class=\"_ _1\"></span>+(J)+(K)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163d w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(206.932)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163d w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163d w2f h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(597.598)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163d wde h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163e w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(M) T<span class=\"_ _6\"></span>otale Indebit<span class=\"_ _1\"></span>amento Finanziario Netto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>- ESMA (H)+(L)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163e w1f2 h2c\"><div class=\"t m0 x6d h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(137.450)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163e w1f3 h2c\"><div class=\"t m0 x33 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163e w2f h2c\"><div class=\"t m0 x4f h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(258.271)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163e wde h2c\"><div class=\"t m0 x4e h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2d5 y163f w1f4 h2f\"><div class=\"t m0 xc h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "22.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>vit\u00e0 finanziarie c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti e non corren<span class=\"_ _1\"></span>ti Le <span class=\"_ _12\"> </span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _12\"> </span>finanziarie <span class=\"_ _12\"> </span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>non <span class=\"_ _12\"> </span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _12\"> </span>acc<span class=\"_ _1\"></span>olgono<span class=\"_ _4\"></span> <span class=\"_ _12\"> </span>i <span class=\"_ _12\"> </span>debiti <span class=\"_ _12\"> </span>ver<span class=\"_ _1\"></span>so <span class=\"_ _12\"> </span>gli <span class=\"_ _12\"> </span>istituti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _12\"> </span>per<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>medio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _a\"></span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>esposizione <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>brev<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>passivit\u00e0 <span class=\"_ _5\"></span>finanziarie<span class=\"_ _41\"> </span>corr<span class=\"_ _1\"></span>enti compr<span class=\"_ _1\"></span>ensivi degli in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>essi passivi rilev<span class=\"_ _1\"></span>ati per compe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span> <span class=\"ls13\">e </span>le passivi<span class=\"_ _1\"></span>t\u00e0 finanziarie<span class=\"_ _1\"></span> per leasing. Si riporta<span class=\"_ _1\"></span>no di seguito i v<span class=\"_ _1\"></span>alori al 31 dicem<span class=\"_ _1\"></span>bre 2025 pos<span class=\"_ _1\"></span>ti a confr<span class=\"_ _1\"></span>onto c<span class=\"_ _1\"></span>on il 31 dice<span class=\"_ _1\"></span>mbre 2024 e le r<span class=\"_ _1\"></span>elative<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>zioni:<table class=\"s w367 h72f\" id=\"_aa8aad2e-e51f-4fcd-a4f5-c507b12e59ba\"><tr><td></td><td></td><td class=\"c x2a5 y1600 w1e6 h31\"><div class=\"t m0 x66 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2a6 y1600 w1e7 h31\"><div class=\"t m0 x32 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\"> al 31.12.2024<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x2a7 y1600 w1e8 h31\"><div class=\"t m0 xb hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td class=\"c x2a8 y1601 w368 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2a9 y1601 w369 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2aa y1601 w368 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2ab y1601 w36a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2ac y1601 w36b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota<span class=\"_ _41\"> </span></div></td><td class=\"c x2ad y1601 w36c h713\" colspan=\"2\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">quota non<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x2ae y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2af y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b0 y1603 w1e1 h6c\"><div class=\"t m0 x2e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x243 y1602 w36d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b1 y1602 w36e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b2 y1603 w1e3 h6c\"><div class=\"t m0 x5b hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"c x2b3 y1602 w36e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b4 y1602 w36f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2b5 y1603 w1e5 h6c\"><div class=\"t m0 x90 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x2b6 y1604 w1de h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Finanziamenti banc<span class=\"_ _1\"></span>ari<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a5 y1604 w1df h2f\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">379.726<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b7 y1604 w1e0 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">188.016<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b0 y1604 w1e1 h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">567.742<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a6 y1604 w1e2 h2f\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.275<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b8 y1604 w19a h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">564.870<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b2 y1604 w1e3 h2f\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">585.145<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a7 y1604 w1a8 h2f\"><div class=\"t m0 x91 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">359.451<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b9 y1604 w1e4 h2f\"><div class=\"t m0 x7e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(376.854)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1604 w1e5 h2f\"><div class=\"t m0 x50 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(17.403)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y1605 w370 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Debiti finanziari per<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y1606 w371 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">lease ex IF<span class=\"_ _1\"></span>RS 16<span class=\"_ _41\"> </span></div></td><td class=\"c x2a5 y1607 w1df h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.709<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b7 y1607 w1e0 h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.763<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b0 y1607 w1e1 h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a6 y1607 w1e2 h44\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.732<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b8 y1607 w19a h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.787<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b2 y1607 w1e3 h44\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.519<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a7 y1607 w1a8 h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">977<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b9 y1607 w1e4 h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.976<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1607 w1e5 h44\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.953<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x2b6 y1608 w1de h2c\"><div class=\"t m0 x0 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a5 y1608 w1df h2c\"><div class=\"t m0 x3a h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">382.435<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b7 y1608 w1e0 h2c\"><div class=\"t m0 x90 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">196.779<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b0 y1608 w1e1 h2c\"><div class=\"t m0 x48 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">579.214<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a6 y1608 w1e2 h2c\"><div class=\"t m0 x7e h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">22.007<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b8 y1608 w19a h2c\"><div class=\"t m0 x30 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">567.657<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b2 y1608 w1e3 h2c\"><div class=\"t m0 x77 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">589.664<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a7 y1608 w1a8 h2c\"><div class=\"t m0 x91 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">360.428<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2b9 y1608 w1e4 h2c\"><div class=\"t m0 x7e h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(370.878)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2b5 y1608 w1e5 h2c\"><div class=\"t m0 x50 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(10.450)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2a7 y1609 w1e8 h2f\"><div class=\"t m0 x14 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _4\"></span>finanziamenti <span class=\"_ _4\"></span>banc<span class=\"_ _1\"></span>ari <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _4\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>2025 <span class=\"_ _4\"></span>hanno <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span><span class=\"ls11\">de</span>cremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span><span class=\"ls6\">17</span>.403 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>per <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>rimbor<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>delle <span class=\"_ _b\"> </span>rat<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>finanziamenti <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>ssere <span class=\"_ _9\"> </span>iscritti <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>cos<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>to. <span class=\"_ _9\"> </span>In <span class=\"_ _9\"> </span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span>: i)<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>rimborso <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e de<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>ti c<span class=\"_ _1\"></span>on BEI<span class=\"_ _1\"></span> rif<span class=\"_ _1\"></span>eriti <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>semestral<span class=\"_ _1\"></span>i del<span class=\"_ _1\"></span> finanzi<span class=\"_ _1\"></span>amento<span class=\"_ _41\"> </span>di <span class=\"_ _4\"></span>iniziali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>8<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omplessivi <span class=\"_ _4\"></span>5.333 migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>il 12 <span class=\"_ _4\"></span>dicembre 2032<span class=\"_ _4\"></span>; <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>due <span class=\"_ _4\"></span>rat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>semestr<span class=\"_ _1\"></span>ali <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>finanziament<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>iniziali <span class=\"_ _4\"></span>1<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>0 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>per <span class=\"_ _4\"></span>complessivi <span class=\"_ _4\"></span>8.<span class=\"_ _4\"></span>850 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>con<span class=\"_ _41\"> </span>scadenz<span class=\"_ _1\"></span>a il <span class=\"_ _1\"></span>19 dicembre <span class=\"_ _1\"></span>2029; iii) i<span class=\"_ _1\"></span>l rimborso di <span class=\"_ _1\"></span>due r<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>semestr<span class=\"_ _1\"></span>ali del finanzi<span class=\"_ _1\"></span>amento <span class=\"_ _1\"></span>di iniziali <span class=\"_ _1\"></span>70 milioni<span class=\"_ _41\"> </span>di euro <span class=\"_ _1\"></span>per complessivi 4<span class=\"_ _1\"></span>.828 migliaia<span class=\"_ _1\"></span> di euro co<span class=\"_ _1\"></span>n s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>adenz<span class=\"_ _1\"></span>a ad agost<span class=\"_ _1\"></span>o 2036.<span class=\"_ _41\"> </span>Le <span class=\"_ _9\"> </span>quot<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>nanziamenti <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>rimbor<span class=\"_ _1\"></span>sare <span class=\"_ _b\"> </span>nel <span class=\"_ _9\"> </span>2026<span class=\"_ _4\"></span>, <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>coer<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>con <span class=\"_ _b\"></span>i <span class=\"_ _9\"> </span>piani <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>mmortament<span class=\"_ _1\"></span>o, <span class=\"_ _b\"></span>sono<span class=\"_ _41\"> </span>espost<span class=\"_ _1\"></span>e  tr<span class=\"_ _1\"></span>a  le  passiv<span class=\"_ _1\"></span>it\u00e0  c<span class=\"_ _1\"></span>orrenti  pe<span class=\"_ _1\"></span>r  comple<span class=\"_ _1\"></span>ssivi  379.726  migliaia <span class=\"_ _10\"> </span>di  eur<span class=\"_ _1\"></span>o, <span class=\"_ _10\"> </span>compr<span class=\"_ _1\"></span>ensive <span class=\"_ _10\"> </span>degli  e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti<span class=\"_ _41\"> </span>connessi al<span class=\"_ _1\"></span> cost<span class=\"_ _1\"></span>o ammortizz<span class=\"_ _1\"></span>ato. Il <span class=\"ff8\">T<span class=\"_ _2\"></span>erm L<span class=\"_ _4\"></span>oan<span class=\"ff2\"> di 36<span class=\"_ _1\"></span>0 milioni di euro sott<span class=\"_ _1\"></span>oscritto nel<span class=\"_ _1\"></span> mese di marzo 2<span class=\"_ _1\"></span>023 e<span class=\"_ _41\"> </span></span></span>in <span class=\"_ _9\"> </span>sc<span class=\"_ _1\"></span>adenza <span class=\"_ _b\"></span>nel <span class=\"_ _9\"> </span>mese <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>marz<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>2026 <span class=\"_ _9\"> </span>\u00e8 <span class=\"_ _b\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>un\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span><span class=\"ff8\">refinancing</span> <span class=\"_ _9\"> </span>final<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _9\"> </span>dal<span class=\"_ _1\"></span>la<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _1\"></span>nel mese di <span class=\"_ _1\"></span>gennaio 2<span class=\"_ _1\"></span>026 che ha <span class=\"_ _1\"></span>previs<span class=\"_ _1\"></span>to la<span class=\"_ _1\"></span> sottoscrizione <span class=\"_ _1\"></span>di due <span class=\"ff8\">T<span class=\"_ _6\"></span>erm <span class=\"_ _1\"></span>Loan<span class=\"ff2\"> per co<span class=\"_ _1\"></span>mplessivi<span class=\"_ _41\"> </span></span></span>250 milioni di eur<span class=\"_ _1\"></span>o utilizz<span class=\"_ _1\"></span>ati ad int<span class=\"_ _1\"></span>egra<span class=\"_ _1\"></span>le rimborso<span class=\"_ _1\"></span> dei 360 milioni di eur<span class=\"_ _1\"></span>o.  Al 31 <span class=\"_ _1\"></span>dicembr<span class=\"_ _1\"></span>e 2025 <span class=\"_ _1\"></span>il Gru<span class=\"_ _1\"></span>ppo dispone <span class=\"_ _1\"></span>di l<span class=\"_ _1\"></span>inee di <span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>o di <span class=\"_ _1\"></span>breve<span class=\"_ _1\"></span> periodo <span class=\"_ _1\"></span><span class=\"ff8\">committ<span class=\"_ _1\"></span>ed<span class=\"ff2\"> <span class=\"ls13\">e </span></span>un<span class=\"_ _1\"></span>committed<span class=\"ff2\"> <span class=\"_ _1\"></span>non<span class=\"_ _41\"> </span></span></span>utilizz<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> per complessivi<span class=\"_ _1\"></span> 203 mili<span class=\"_ _1\"></span>oni di eur<span class=\"_ _1\"></span>o, a<span class=\"_ _1\"></span>l quale s<span class=\"_ _1\"></span>i aggiunge i<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span><span class=\"ff8\">loan <span class=\"_ _1\"></span>commitment <span class=\"_ _1\"></span><span class=\"ff2\">di residui <span class=\"_ _1\"></span>80 milioni<span class=\"_ _41\"> </span></span></span>di euro <span class=\"_ _1\"></span>sottoscritto c<span class=\"_ _1\"></span>on la BEI.<span class=\"_ _41\"> </span>Nella <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>tabella <span class=\"_ _1\"></span>viene <span class=\"_ _1\"></span>riportat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>analisi <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>finanziamenti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>condizi<span class=\"_ _1\"></span>oni g<span class=\"_ _1\"></span>enerali<span class=\"_ _1\"></span> per <span class=\"_ _1\"></span>ogni <span class=\"_ _1\"></span>singolo<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppor<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>credito <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>Gruppo <span class=\"_ _b\"></span>nei <span class=\"_ _b\"></span>confr<span class=\"_ _1\"></span>onti <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>en<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>finanzi<span class=\"_ _1\"></span>atori. <span class=\"_ _a\"></span>Rela<span class=\"_ _1\"></span>tivament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>agli <span class=\"_ _b\"></span>anticipi <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>gli<span class=\"_ _41\"> </span>istituti finanziari UniCredit e <span class=\"_ _4\"></span>Int<span class=\"_ _1\"></span>esa <span class=\"_ _4\"></span>Sanpaolo,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>evi<span class=\"_ _1\"></span>denzia <span class=\"_ _4\"></span>che le <span class=\"_ _4\"></span>condiz<span class=\"_ _1\"></span>ioni <span class=\"_ _4\"></span>applic<span class=\"_ _1\"></span>ate sono <span class=\"_ _4\"></span>conc<span class=\"_ _1\"></span>ordat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>volta<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>volta <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>riflettono<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>situazione <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>merca<span class=\"_ _1\"></span>to, <span class=\"_ _4\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>le <span class=\"_ _4\"></span>condizioni <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>linee <span class=\"_ _a\"></span><span class=\"ff8\">committe<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span><span class=\"ff2\"> <span class=\"_ _4\"></span>vengono<span class=\"_ _41\"> </span></span></span>determina<span class=\"_ _1\"></span>te in ba<span class=\"_ _1\"></span>se alla perce<span class=\"_ _1\"></span>ntuale di utilizz<span class=\"_ _1\"></span>o.<table class=\"s w376 h732\" id=\"_eb8acd02-b203-4d00-80e9-afb39fe383a4\"><tr><td></td><td></td><td></td><td class=\"c x2bd y1615 w377 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x2be y1616 w378 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">utilizza<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x2bf y1617 w379 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2c0 y1617 w37a h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">(valore<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c1 y1617 w377 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Ammontar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td><td class=\"c x2c2 y1617 w37b h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alore in<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x23a y1618 w1e9 h3f8\"><div class=\"t m0 x0 hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">Finanziator<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></div></td><td class=\"c x2c3 y1618 w1ea h3f8\"><div class=\"t m0 x0 hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1\"> </span></div></td><td class=\"c x2c4 y1619 w37c h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">concesso<span class=\"_ _41\"> </span></div></td><td class=\"c x2c5 y1619 w37d h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">nominale)<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c6 y1619 w37e h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">disponibile<span class=\"_ _41\"> </span></div></td><td class=\"c x2c7 y1619 w37f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">bilancio<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2c8 y1618 w1ef h3f8\"><div class=\"t m0 x5a hbd y4c0 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>ass<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x207 y161a w380 h733\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Pool BNL_Uni<span class=\"_ _1\"></span>credit_Intes<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>San<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y161a w381 h733\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x207 y161b w382 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">Paolo<span class=\"_ _41\"> </span></div></td><td class=\"c x2c3 y161c w1ea h47\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">RCF<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y161c w1eb h47\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">150.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y161c w1ec h47\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y161c w1ed h47\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">150.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y161c w1ee h47\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y161b w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y161d w381 h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y161e w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Unicre<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>it<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y161e w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi e<span class=\"_ _1\"></span>xport<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y161e w1eb h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y161e w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y161e w1ed h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y161e w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y161f w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1620 w381 h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1621 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Unicre<span class=\"_ _1\"></span>d<span class=\"_ _4\"></span>it<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1621 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1621 w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1621 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1621 w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1621 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1622 w383 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1623 w381 h734\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1624 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Intes<span class=\"_ _1\"></span>a San Paolo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1624 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Anticipi finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1624 w1eb h44\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1624 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1624 w1ed h44\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1624 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1625 w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1626 w381 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1627 w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Intes<span class=\"_ _1\"></span>a San Paolo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2c3 y1627 w1ea h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Fido - scopert<span class=\"_ _1\"></span>o c<span class=\"_ _4\"></span>/<span class=\"_ _1\"></span>c<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ca y1627 w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y1627 w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y1627 w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y1627 w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y1628 w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2c9 y1629 w381 h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Euribor +<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y162a w1e9 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Crede<span class=\"_ _1\"></span>m<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2ca y162a w1eb h44\"><div class=\"t m0 x67 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cb y162a w1ec h44\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y162a w1ed h44\"><div class=\"t m0 x4c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.000<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2cd y162a w1ee h44\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ce y162b w383 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">spre<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>d<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y162c w1e9 h38\"><div class=\"t m0 x0 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2ca y162c w1eb h38\"><div class=\"t m0 x5a h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">203.000<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2cb y162c w1ec h38\"><div class=\"t m0 xf8 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2cc y162c w1ed h38\"><div class=\"t m0 x2e h2 y366 ff6 fs6 fc0 sc0 ls16 ws0\">203.000<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2cd y162c w1ee h38\"><div class=\"t m0 x32 h2 y366 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2cd y162d w1f0 h2c\"><div class=\"t m0 xf8 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>dell\u2019indebitamen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>bancario <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3,<span class=\"lsc\">59<span class=\"_ _4\"></span></span>% <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span><span class=\"ls11\">de<span class=\"ls0\">cr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o rispe<span class=\"_ _1\"></span>tto<span class=\"_ _41\"> </span></span></span>a quello dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span> che era pari a 4,06%.<span class=\"_ _1\"></span> In <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lazione <span class=\"_ _4\"></span>all\u2019inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>richiest<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>sensi <span class=\"_ _4\"></span>dell\u2019IFRS<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>7, <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta <span class=\"_ _4\"></span>che il <span class=\"_ _5\"></span><span class=\"ff8\">fair value</span> <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>finanziamenti<span class=\"_ _41\"> </span>bancari <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>stimat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>5<span class=\"ls6\">57</span>,1 <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>La <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _6\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>ta <span class=\"_ _6\"></span>considera<span class=\"_ _1\"></span>ndo<span class=\"_ _41\"> </span>una curv<span class=\"_ _1\"></span>a <span class=\"ff8\">free risk</span> <span class=\"_ _1\"></span>dei tas<span class=\"_ _1\"></span>si di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>mag<span class=\"_ _4\"></span>gior<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a di u<span class=\"_ _1\"></span>no <span class=\"ff8\">spread</span> pos<span class=\"_ _1\"></span>to pari a<span class=\"_ _1\"></span>l diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enziale B<span class=\"_ _1\"></span>TP<span class=\"_ _1\"></span>/Bund <span class=\"_ _1\"></span>per<span class=\"_ _41\"> </span>consider<span class=\"_ _1\"></span>are la<span class=\"_ _1\"></span> component<span class=\"_ _1\"></span>e rischio di cre<span class=\"_ _1\"></span>dito.<span class=\"_ _41\"> </span>I <span class=\"_ _10\"> </span>debiti  finanzi<span class=\"_ _1\"></span>ari  pe<span class=\"_ _1\"></span>r  lease<span class=\"_ _1\"></span>  ex <span class=\"_ _9\"> </span>IFRS <span class=\"_ _10\"> </span>16  acc<span class=\"_ _1\"></span>olgono<span class=\"_ _1\"></span>,  pe<span class=\"_ _1\"></span>r  comples<span class=\"_ _1\"></span>sivi  11,5 <span class=\"_ _10\"> </span>milioni <span class=\"_ _10\"> </span>di  eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span>  le <span class=\"_ _10\"> </span>passivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>finanziarie <span class=\"_ _b\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>diritti <span class=\"_ _9\"> </span>d\u2019uso <span class=\"_ _b\"> </span>iscritti, <span class=\"_ _9\"> </span>con <span class=\"_ _b\"></span>ripartizione <span class=\"_ _b\"></span>tra <span class=\"_ _b\"> </span>lungo <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>br<span class=\"_ _1\"></span>eve, <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>linea <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>le <span class=\"_ _b\"></span>scadenz<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i. <span class=\"_ _a\"></span>Nel <span class=\"_ _5\"></span>cor<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>regis<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>6,9 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>seguit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>della sottoscriz<span class=\"_ _1\"></span>ione del nuov<span class=\"_ _1\"></span>o contr<span class=\"_ _1\"></span>atto di loc<span class=\"_ _1\"></span>azione di vi<span class=\"_ _1\"></span>a Casale Cav<span class=\"_ _1\"></span>allari a R<span class=\"_ _1\"></span>oma. La <span class=\"_ _4\"></span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>ta<span class=\"_ _1\"></span>bella <span class=\"_ _4\"></span>riport<span class=\"_ _1\"></span>a la <span class=\"_ _4\"></span>composizione dell\u2019Indebit<span class=\"_ _1\"></span>amento Finanziario <span class=\"_ _4\"></span>Nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al 31 <span class=\"_ _4\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5 <span class=\"_ _4\"></span><span class=\"ls3b\">e<span class=\"_ _41\"> </span></span>al <span class=\"_ _4\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicembre <span class=\"_ _4\"></span>2024 <span class=\"_ _4\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>secondo <span class=\"_ _4\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>previs<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>dagli <span class=\"_ _5\"></span>Orient<span class=\"_ _1\"></span>amenti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>mat<span class=\"_ _1\"></span>eria <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>obblighi <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>ai <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>ns<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>re<span class=\"_ _1\"></span>golamento <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ul <span class=\"_ _a\"></span>prospetto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>manati <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>E<span class=\"_ _1\"></span>SMA <span class=\"_ _9\"> </span>(<span class=\"ff8\">Eur<span class=\"_ _1\"></span>opean <span class=\"_ _9\"> </span>Sec<span class=\"_ _1\"></span>urities <span class=\"_ _b\"> </span>&amp; <span class=\"_ _9\"> </span>Mark<span class=\"_ _6\"></span>ets<span class=\"_ _41\"> </span></span>Authority<span class=\"ff2\">) in data 4 marzo 2021 ed in vigore dal 5 maggio <span class=\"_ _4\"></span>2021 e rece<span class=\"_ _1\"></span>piti <span class=\"_ _4\"></span>dall<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>C<span class=\"_ _1\"></span>ONS<span class=\"_ _4\"></span>OB con Richiam<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span></span>Att<span class=\"_ _1\"></span>enzione n.<span class=\"_ _1\"></span> 5/21 del<span class=\"_ _1\"></span> 29 a<span class=\"_ _1\"></span>prile 2021<span class=\"_ _1\"></span> e con<span class=\"_ _1\"></span>sideran<span class=\"_ _1\"></span>do la li<span class=\"_ _1\"></span>quidit\u00e0 <span class=\"_ _1\"></span>della con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>Enav <span class=\"_ _1\"></span>As<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> Pa<span class=\"_ _1\"></span>cific per <span class=\"_ _1\"></span>4<span class=\"_ _4\"></span>,2<span class=\"_ _41\"> </span>milioni di eur<span class=\"_ _1\"></span>o, clas<span class=\"_ _1\"></span>sificat<span class=\"_ _1\"></span>a tra le<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> destinat<span class=\"_ _1\"></span>e alla vendit<span class=\"_ _1\"></span>a<span class=\"lsf\">. </span><table class=\"s w384 h735\" id=\"_66cc25f5-4493-4037-b45d-e888aa19ba91\"><tr><td></td><td></td><td class=\"c x2cf y162e w385 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">di cui con<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2d0 y162e w386 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">di cui con<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x2d1 y162f w387 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">parti<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x2d2 y162f w388 h6fd\"><div class=\"t m0 x1fd h2e y142d ff6 fs6 fc0 sc0 ls0 ws0\">parti<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x2d3 y1630 w1f2 h3f6\"><div class=\"t m0 x8e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d4 y1631 w389 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">correla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></div></td><td class=\"c x2d5 y1630 w2f h3f6\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d6 y1631 w389 h6ff\"><div class=\"t m0 x1fd h2 y1449 ff6 fs6 fc0 sc0 ls0 ws0\">correla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x270 y1632 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(A) Disponibilit<span class=\"_ _1\"></span>\u00e0 l<span class=\"_ _4\"></span>iquid<span class=\"_ _1\"></span>e presso banche<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1632 w1f2 h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">451.917<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1632 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1632 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">361.334<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1632 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1633 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(B) Mezzi equiv<span class=\"_ _1\"></span>alenti a disponibilit\u00e0 liquide<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1633 w1f2 h2c\"><div class=\"t m0 xf8 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1633 w1f3 h2c\"><div class=\"t m0 x33 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1633 w2f h2c\"><div class=\"t m0 x2d h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1633 wde h2c\"><div class=\"t m0 x4e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1634 w1f1 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(C) Altre a<span class=\"_ _1\"></span>ttivit\u00e0 finanziarie corr<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1634 w1f2 h2f\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1634 w1f3 h2f\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1634 w2f h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1634 wde h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1635 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(D) Liquidit<span class=\"_ _1\"></span>\u00e0 (<span class=\"_ _4\"></span>A)<span class=\"_ _1\"></span>+(B)+(C)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1635 w1f2 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">451.917<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d7 y1635 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1635 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">361.334<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d8 y1635 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1636 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(E) Debiti finanziari corr<span class=\"_ _1\"></span>enti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1636 w1f2 h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.709)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1636 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1636 w2f h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.732)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1636 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1637 w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(F) Part<span class=\"_ _1\"></span>e corrent<span class=\"_ _1\"></span>e dell\u2019indebitamento finanz<span class=\"_ _1\"></span>ario non corren<span class=\"_ _1\"></span>te<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1637 w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(379.726)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1637 w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1637 w2f h2c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(20.275)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1637 wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1638 w1f1 h38\"><div class=\"t m0 x0 h2 y868 ff6 fs6 fc0 sc0 ls0 ws0\">(G) Indebitament<span class=\"_ _1\"></span>o finanziario corrente (E)+(F<span class=\"_ _1\"></span>)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1638 w1f2 h38\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(382.435)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y1638 w1f3 h38\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1638 w2f h38\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(22.007)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y1638 wde h38\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1639 w1f1 h2f\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(H) Po<span class=\"_ _1\"></span>siz<span class=\"_ _4\"></span>io<span class=\"_ _1\"></span>ne Finanziario corrente nett<span class=\"_ _1\"></span>a (D)+(G)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y1639 w1f2 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">69.482<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d7 y1639 w1f3 h2f\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y1639 w2f h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">339.327<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2d8 y1639 wde h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163a w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(I) Debiti finanziari non corr<span class=\"_ _1\"></span>enti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163a w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(196.780)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163a w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163a w2f h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(567.657)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163a wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163b w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(J) Strumenti di debit<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163b w1f2 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163b w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163b w2f h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163b wde h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163c w1f1 h6c\"><div class=\"t m0 x0 h2 y750 ffb fs6 fc0 sc0 ls0 ws0\">(K) Debiti da attivit<span class=\"_ _1\"></span>\u00e0 regolamentat<span class=\"_ _1\"></span>a e commerciali non c<span class=\"_ _1\"></span>orrenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163c w1f2 h6c\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(10.152)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163c w1f3 h6c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163c w2f h6c\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(29.941)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163c wde h6c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163d w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(L) Indebitament<span class=\"_ _1\"></span>o finanziario non corrente (I)<span class=\"_ _1\"></span>+(J)+(K)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163d w1f2 h2c\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(206.932)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163d w1f3 h2c\"><div class=\"t m0 x33 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163d w2f h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(597.598)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163d wde h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y163e w1f1 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(M) T<span class=\"_ _6\"></span>otale Indebit<span class=\"_ _1\"></span>amento Finanziario Netto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>- ESMA (H)+(L)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d3 y163e w1f2 h2c\"><div class=\"t m0 x6d h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(137.450)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d7 y163e w1f3 h2c\"><div class=\"t m0 x33 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d5 y163e w2f h2c\"><div class=\"t m0 x4f h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">(258.271)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d8 y163e wde h2c\"><div class=\"t m0 x4e h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2d5 y163f w1f4 h2f\"><div class=\"t m0 xc h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "23.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Debiti comme<span class=\"_ _1\"></span>rciali corr<span class=\"_ _1\"></span>enti e non cor<span class=\"_ _1\"></span>renti<span class=\"_ _41\"> </span>I debiti com<span class=\"_ _1\"></span>merciali c<span class=\"_ _1\"></span>orrenti e<span class=\"_ _1\"></span> non corren<span class=\"_ _1\"></span>ti ammont<span class=\"_ _1\"></span>ano rispettiva<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> a 1<span class=\"_ _4\"></span><span class=\"lsc\">45</span>.<span class=\"lsc\">658</span> migliaia di eur<span class=\"_ _1\"></span>o e 471<span class=\"_ _41\"> </span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _4\"></span>complessi<span class=\"_ _1\"></span>vament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>un <span class=\"_ _5\"></span><span class=\"ls10\">in</span>cremen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>netto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>16.323 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rispetto<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio prece<span class=\"_ _1\"></span>dente.<table class=\"s w38a h736\" id=\"_2d9886c8-72cb-457e-a8ed-26ecc14dcfba\"><tr><td></td><td class=\"c x2d9 y1640 w1f7 h10e\"><div class=\"t m0 x77 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2da y1640 w1f8 h10e\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2db y1640 w1f9 h10e\"><div class=\"t m0 x68 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1641 w1f6 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Debiti commerci<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span> correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x270 y1642 w1f6 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Debiti ve<span class=\"_ _1\"></span>rso fornitori<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d9 y1642 w1f7 h2c\"><div class=\"t m0 x31 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">138.902<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2da y1642 w1f8 h2c\"><div class=\"t m0 x67 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">123.368<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2db y1642 w1f9 h2c\"><div class=\"t m0 x4b h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">15.534<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1643 w1f6 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti per anticipi rice<span class=\"_ _1\"></span>vuti su progetti finanziati in ambi<span class=\"_ _1\"></span>to europeo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d9 y1643 w1f7 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.756<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2da y1643 w1f8 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.222<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2db y1643 w1f9 h2c\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">534<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1644 w1f6 h2c\"><div class=\"t m0 x0 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d9 y1644 w1f7 h2c\"><div class=\"t m0 x31 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">145.658<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2da y1644 w1f8 h2c\"><div class=\"t m0 x67 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">129.590<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2db y1644 w1f9 h2c\"><div class=\"t m0 x7d h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">16.068<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1645 w1f6 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Debiti commerci<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span> non correnti<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x270 y1646 w1f6 h31\"><div class=\"t m0 x0 h2 yeeb ffb fs6 fc0 sc0 ls0 ws0\">Debiti ve<span class=\"_ _1\"></span>rso fornitori<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d9 y1646 w1f7 h31\"><div class=\"t m0 x1db h2 yeeb ffb fs6 fc0 sc0 ls16 ws0\">471<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2da y1646 w1f8 h31\"><div class=\"t m0 x2a h2 yeeb ffb fs6 fc0 sc0 ls16 ws0\">216<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2db y1646 w1f9 h31\"><div class=\"t m0 x1 h2 yeeb ffb fs6 fc0 sc0 ls16 ws0\">255<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y1647 w1f6 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2d9 y1647 w1f7 h2f\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">471<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2da y1647 w1f8 h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">216<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2db y1647 w1f9 h2f\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">255<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2da y1648 w1fa h2f\"><div class=\"t m0 x58 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"fc3 ls0\">debiti ve<span class=\"_ _1\"></span>rso i f<span class=\"_ _1\"></span>ornit<span class=\"_ _1\"></span>ori<span class=\"fc7\"> <span class=\"fc0\">di beni <span class=\"_ _1\"></span>e servizi nece<span class=\"_ _1\"></span>ssari all\u2019<span class=\"_ _6\"></span>attivit<span class=\"_ _1\"></span>\u00e0 del Grup<span class=\"_ _1\"></span>po regis<span class=\"_ _1\"></span>trano <span class=\"_ _1\"></span>un <span class=\"_ _4\"></span><span class=\"ls10\">in</span>cr<span class=\"_ _1\"></span>emento <span class=\"_ _1\"></span>netto di<span class=\"_ _41\"> </span></span></span></span>15.534 <span class=\"_ _5\"></span>migliaia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rito <span class=\"_ _5\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>alla <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>tturazione <span class=\"_ _5\"></span>concen<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ta <span class=\"_ _5\"></span>nell\u2019ultimo<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>mese<span class=\"_ _41\"> </span>dell\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>sia <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>proge<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>inv<span class=\"_ _1\"></span>estim<span class=\"_ _1\"></span>ento <span class=\"_ _b\"></span>che <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>d <span class=\"_ _9\"> </span>acq<span class=\"_ _1\"></span>uisti <span class=\"_ _b\"> </span>a <span class=\"_ _9\"> </span>sup<span class=\"_ _1\"></span>porto <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>su<span class=\"_ _41\"> </span>commesse di <span class=\"_ _1\"></span>vendita<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span> La <span class=\"_ _4\"></span>voce <span class=\"_ _4\"></span><span class=\"fc8\">debiti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>anticipi <span class=\"_ _4\"></span>ricevuti <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _4\"></span>finanziati <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ambito <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>opeo <span class=\"_ _5\"></span><span class=\"fc0\">ammont<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>6.<span class=\"_ _4\"></span>7<span class=\"_ _1\"></span>56 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span></span></span>euro i<span class=\"_ _1\"></span>n leggero incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o netto rispett<span class=\"_ _1\"></span>o al dato del <span class=\"_ _1\"></span>31 dicembre 2024 ed acc<span class=\"_ _1\"></span>oglie principalment<span class=\"_ _1\"></span>e i pre-<span class=\"_ _41\"> </span>financing ricevuti<span class=\"_ _1\"></span> su alcuni pr<span class=\"_ _1\"></span>ogetti finanzia<span class=\"_ _1\"></span>ti in ambito<span class=\"_ _1\"></span> SESAR.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "<div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y7 ff2 fs1 fc3 sc3 ls0 ws0\">24.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altre pas<span class=\"_ _1\"></span>sivit\u00e0 corr<span class=\"_ _1\"></span>enti e non c<span class=\"_ _1\"></span>orrenti<span class=\"_ _41\"> </span><span class=\"ff3\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y8 ff2 fs1 fc0 sc0 ls0 ws0\">Le <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mplessivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>variaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>nett<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>positiv<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y9 ff2 fs1 fc0 sc0 ls6 ws0\">22<span class=\"ls0\">.377 <span class=\"_ _1\"></span>migliai<span class=\"_ _1\"></span>a di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o dell<span class=\"_ _1\"></span>e v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>riportat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span><span class=\"ls0\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 ya ff2 fs1 fc0 sc0 ls11 ws0\">ne<span class=\"ls0\">lla seguen<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>bella:</span><span class=\"ls0\"><span class=\"ff3\"> </span></span></div></div><div class=\"gs10\"><table class=\"s w38b h737\" id=\"_66df71db-1d7b-42ee-8315-4e0477bbb430\"><tr><td></td><td></td><td></td><td class=\"c x2dc y1649 w4e h2c\"><div class=\"t m0 x43 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2dd y1649 w200 h2c\"><div class=\"t m0 x6e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2de y1649 w201 h2c\"><div class=\"t m0 x10d hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x2df hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e0 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td><td class=\"t m0 x2e1 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e2 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td><td class=\"t m0 x2e3 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e4 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td></tr><tr><td></td><td class=\"t m0 x2e5 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2e6 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2e7 y164c w1fd h3fb\"><div class=\"t m0 x5a hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"t m0 x2e8 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2e9 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2ea y164c w7f h3fb\"><div class=\"t m0 xa5 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"t m0 x2eb hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2ec hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2ed y164c w194 h3fb\"><div class=\"t m0 x5b hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x23a y164d w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Acconti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164d w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164d w1fc h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164d w1fd h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164d w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">79.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164d w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164d w7f h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">79.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164d w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.252<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y164d w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164d w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.252<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y164e w1fb h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti tribut<span class=\"_ _1\"></span>ar<span class=\"_ _4\"></span>i<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164e w169 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164e w1fc h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164e w1fd h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164e w1ee h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.526<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164e w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164e w7f h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.526<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164e w1ee h2f\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">254<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f0 y164e w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164e w194 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">254<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y164f w1fb h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti pr<span class=\"_ _1\"></span>evidenziali<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164f w169 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164f w1fc h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164f w1fd h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164f w1ee h2f\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.796<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164f w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164f w7f h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.796<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164f w1ee h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.092<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y164f w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164f w194 h2f\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.092<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1650 w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri debiti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y1650 w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.245<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y1650 w1fc h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y1650 w1fd h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.245<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y1650 w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.644<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y1650 w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y1650 w7f h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.644<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y1650 w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.601<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y1650 w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y1650 w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.601<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y15cb w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Risconti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y15cb w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.274<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y15cb w1fc h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">137.258<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y15cb w1fd h2c\"><div class=\"t m0 x68 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">153.532<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y15cb w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.355<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y15cb w1fe h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">137.999<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y15cb w7f h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">149.354<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y15cb w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.919<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y15cb w1fe h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(741)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y15cb w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.178<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y15cc w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y15cc w169 h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">203.514<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ee y15cc w1fc h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">137.258<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2e7 y15cc w1fd h2c\"><div class=\"t m0 x68 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">340.772<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2dd y15cc w1ee h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">180.396<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ef y15cc w1fe h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">137.999<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ea y15cc w7f h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">318.395<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2de y15cc w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">23.118<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f0 y15cc w1fe h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(741)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y15cc w194 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.377<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2f0 y1651 w202 h2f\"><div class=\"t m0 x4c h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yef6 ff2 fs1 fc0 sc0 ls0 ws0\">La voce <span class=\"_ _1\"></span><span class=\"fc8\">Acconti<span class=\"_ _1\"></span><span class=\"sc5\"> <span class=\"fc0 sc0\">ammont<span class=\"_ _1\"></span>a a c<span class=\"_ _1\"></span>omplessivi <span class=\"ls6\">87<span class=\"_ _1\"></span><span class=\"ls0\">.327 migliaia <span class=\"_ _1\"></span>di euro <span class=\"_ _1\"></span>e si rif<span class=\"_ _1\"></span>erisce <span class=\"_ _1\"></span>per <span class=\"lsc\">81</span>.222 migliaia <span class=\"_ _1\"></span>di euro <span class=\"_ _1\"></span>al<span class=\"_ _41\"> </span></span></span></span></span></span><span class=\"fc8\"><span class=\"sc5\"><span class=\"fc0 sc0\"><span class=\"ls6\"><span class=\"ls0\"> </span></span></span></span></span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yd48 ff2 fs1 fc0 sc0 ls0 ws0\">debito <span class=\"_ _6\"></span>verso <span class=\"_ _1\"></span>l\u2019<span class=\"_ _11\"></span>Aerona<span class=\"_ _1\"></span>utica <span class=\"_ _6\"></span>Militar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>Italiana <span class=\"_ _6\"></span>(AMI) <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>degli <span class=\"_ _6\"></span>incassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>compe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>2025<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yef7 ff2 fs1 fc0 sc0 ls0 ws0\">per <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>rotta <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>terminale <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>6<span class=\"_ _4\"></span>.<span class=\"lsc\">105</span> <span class=\"_ _1\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>debito <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span>Ente <span class=\"_ _6\"></span>Nazionale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019<span class=\"_ _11\"></span>Av<span class=\"_ _1\"></span>iazione<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yd5b ff2 fs1 fc0 sc0 ls0 ws0\">Civile<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>(ENAC) per <span class=\"_ _4\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>incassi di compet<span class=\"_ _1\"></span>enza inere<span class=\"_ _1\"></span>nti <span class=\"_ _4\"></span>agli s<span class=\"_ _1\"></span>tessi s<span class=\"_ _4\"></span>ervizi<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Nel cor<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5 si <span class=\"_ _4\"></span>\u00e8 proced<span class=\"_ _1\"></span>uto <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y337 ff2 fs1 fc0 sc0 ls0 ws0\">pag<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>l\u2019<span class=\"_ _11\"></span>Aeronautica<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Militar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>compet<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>d<span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>terminale <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>complessivi <span class=\"_ _a\"></span>20,4<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 ye54 ff2 fs1 fc0 sc0 ls0 ws0\">milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>compensar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>acconti <span class=\"_ _5\"></span>AM<span class=\"_ _4\"></span>I <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>rotta <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _4\"></span>4 <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 ye55 ff2 fs1 fc0 sc0 ls0 ws0\">cre<span class=\"_ _1\"></span>dito <span class=\"_ _b\"> </span>vanta<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>nei <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onfronti <span class=\"_ _b\"></span>del <span class=\"_ _b\"> </span>Minister<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>l\u2019Economia <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>Finanz<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>(MEF), <span class=\"_ _9\"> </span>da <span class=\"_ _b\"></span>cui <span class=\"_ _b\"> </span>\u00e8 <span class=\"_ _9\"> </span>emer<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 ye56 ff2 fs1 fc0 sc0 ls0 ws0\">importo <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span>debit<span class=\"_ _1\"></span>o  pari<span class=\"_ _1\"></span>  a <span class=\"_ _9\"> </span><span class=\"lsc\">50</span>,4  mil<span class=\"_ _1\"></span>ioni  di<span class=\"_ _1\"></span>  e<span class=\"_ _1\"></span>uro,<span class=\"_ _1\"></span>  r<span class=\"_ _1\"></span>egola<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>mese<span class=\"_ _1\"></span>  di<span class=\"_ _1\"></span>  dicembr<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>insieme <span class=\"_ _10\"> </span>alla <span class=\"_ _9\"> </span>quota <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 ye57 ff2 fs1 fc0 sc0 ls0 ws0\">compet<span class=\"_ _1\"></span>enza ENAC r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva al 2024 per un im<span class=\"_ _1\"></span>porto pari a 5,6 mil<span class=\"_ _1\"></span>ioni di euro<span class=\"_ _41\"> </span><span class=\"_ _1\"></span><span class=\"ff3\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yef8 ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _12\"> </span>voce <span class=\"_ _7\"> </span><span class=\"fc8\">Debiti <span class=\"_ _12\"> </span>tributari<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span><span class=\"fc0\">pari <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>9.780 <span class=\"_ _12\"> </span>migliaia <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>legger<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>incr<span class=\"_ _1\"></span>emento <span class=\"_ _12\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span></span></span><span class=\"fc8\"><span class=\"fc0\"> </span></span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yef9 ff2 fs1 fc0 sc0 ls0 ws0\">prece<span class=\"_ _1\"></span>dente, <span class=\"_ _9\"> </span>accogl<span class=\"_ _1\"></span>ie <span class=\"_ _9\"> </span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>debit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>IRPEF <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _9\"> </span>dipendent<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>paga<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>nel <span class=\"_ _9\"> </span>mese <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yefa ff2 fs1 fc0 sc0 ls0 ws0\">gennai<span class=\"_ _1\"></span>o 2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>26.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yefb ff2 fs1 fc0 sc0 ls13 ws0\">I <span class=\"fc8 ls0\">Debiti <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evidenziali, <span class=\"fc0\">che ammon<span class=\"_ _1\"></span>tano a 24.888 migliaia di euro<span class=\"_ _1\"></span>, regis<span class=\"_ _1\"></span>trano un incre<span class=\"_ _1\"></span>mento netto di 3.092<span class=\"_ _41\"> </span></span></span><span class=\"fc8 ls0\"><span class=\"fc0\"> </span></span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y241 ff2 fs1 fc0 sc0 ls0 ws0\">migliaia di euro <span class=\"_ _4\"></span>e sono rife<span class=\"_ _1\"></span>riti <span class=\"_ _4\"></span>sia al debito verso gli istituti previdenzia<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>es<span class=\"_ _1\"></span>tinti nel <span class=\"_ _4\"></span>mese di <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>nnaio 2026<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y242 ff2 fs1 fc0 sc0 ls0 ws0\">che <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>contributi <span class=\"_ _4\"></span>ma<span class=\"_ _1\"></span>turati<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sugli <span class=\"_ _4\"></span>acc<span class=\"_ _1\"></span>antonamen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>personale <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>debito <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>erie <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y243 ff2 fs1 fc0 sc0 ls0 ws0\">non godut<span class=\"_ _1\"></span>e rileva<span class=\"_ _1\"></span>te per co<span class=\"_ _1\"></span>mpetenz<span class=\"_ _1\"></span>a nel mese di dice<span class=\"_ _1\"></span>mbre 202<span class=\"_ _1\"></span>5.   <span class=\"_ _4\"></span><span class=\"ff3\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y244 ff2 fs1 fc0 sc0 ls0 ws0\">Gli <span class=\"_ _a\"></span><span class=\"fc3\">Altri <span class=\"_ _5\"></span>debiti</span><span class=\"lsf\">, <span class=\"_ _a\"></span></span>che <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span><span class=\"lsc\">65</span>.245 <span class=\"_ _a\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano, <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>31 <span class=\"_ _a\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>un<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y245 ff2 fs1 fc0 sc0 ls0 ws0\">incre<span class=\"_ _1\"></span>mento ne<span class=\"_ _1\"></span>tto di <span class=\"_ _1\"></span>6.601 migli<span class=\"_ _1\"></span>aia di eur<span class=\"_ _1\"></span>o imput<span class=\"_ _1\"></span>abile principal<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>ai maggiori <span class=\"_ _1\"></span>debiti ver<span class=\"_ _1\"></span>so il pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yefc ff2 fs1 fc0 sc0 ls0 ws0\">dipendent<span class=\"_ _1\"></span>e per gli accan<span class=\"_ _1\"></span>tonamenti <span class=\"_ _1\"></span>di compete<span class=\"_ _1\"></span>nza dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio. <span class=\"ls9\">  </span><span class=\"ff3\"> </span></div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y247 ff2 fs1 fc0 sc0 ls0 ws0\">La  voce  <span class=\"fc8\">Risconti  </span>\u00e8  principalmen<span class=\"_ _1\"></span>te  riferibil<span class=\"_ _1\"></span>e  ai <span class=\"_ _7\"> </span>risconti  passivi  riguar<span class=\"_ _1\"></span>danti  i <span class=\"_ _7\"> </span>pr<span class=\"_ _1\"></span>ogetti  di  inves<span class=\"_ _1\"></span>timento<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y248 ff2 fs1 fc0 sc0 ls0 ws0\">finanzia<span class=\"_ _1\"></span>ti, di <span class=\"_ _1\"></span>cui la<span class=\"_ _1\"></span> quot<span class=\"_ _1\"></span>a a <span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>eve <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>a l\u2019import<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>che si <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>ser\u00e0<span class=\"_ _1\"></span> a <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>nei pr<span class=\"_ _1\"></span>ossimi <span class=\"_ _1\"></span>12<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y249 ff2 fs1 fc0 sc0 ls0 ws0\">mesi. In par<span class=\"_ _1\"></span>ticolar<span class=\"_ _1\"></span>e, la voce <span class=\"_ _1\"></span>accoglie: <span class=\"_ _1\"></span>i) i con<span class=\"_ _1\"></span>tributi PON Infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>e e <span class=\"_ _1\"></span>Reti rif<span class=\"_ _1\"></span>eriti al <span class=\"_ _1\"></span>periodo 2000/2006,<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y24a ff2 fs1 fc0 sc0 ls0 ws0\">2007/2013  e  2014/2020  riguar<span class=\"_ _1\"></span>danti  s<span class=\"_ _4\"></span>peci<span class=\"_ _1\"></span>fici  inves<span class=\"_ _1\"></span>timenti  eff<span class=\"_ _1\"></span>ettuati  negli  aer<span class=\"_ _1\"></span>oporti<span class=\"_ _4\"></span>  del  sud  per <span class=\"_ _7\"> </span>un<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 yd1 ff2 fs1 fc0 sc0 ls0 ws0\">importo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>netto delle <span class=\"_ _4\"></span>quote <span class=\"_ _4\"></span>imput<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _4\"></span><span class=\"ls11\">di</span> <span class=\"_ _4\"></span>47.288 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>(52.739 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y209 ff2 fs1 fc0 sc0 ls0 ws0\">euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>4);<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>contri<span class=\"_ _1\"></span>buti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>conto <span class=\"_ _4\"></span>impianti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>valer<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>aer<span class=\"_ _1\"></span>oporti<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y24b ff2 fs1 fc0 sc0 ls0 ws0\">milit<span class=\"_ _1\"></span>ari, ai <span class=\"_ _1\"></span>sensi di <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dalla Legge <span class=\"_ _1\"></span>102/2009, <span class=\"_ _1\"></span>pari a <span class=\"lsc\">39</span>.657 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o (43.<span class=\"_ _1\"></span>948 migliaia<span class=\"_ _1\"></span> di<span class=\"_ _41\"> </span> </div></div><div class=\"c w2 h0 gsf\"><div class=\"t m0 x3 h4 y24c ff2 fs1 fc0 sc0 ls0 ws0\">euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2024); <span class=\"_ _5\"></span>iii) <span class=\"_ _5\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>contribu<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>prog<span class=\"_ _1\"></span>etti <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>ambito <span class=\"_ _4\"></span>PNRR <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>comples<span class=\"_ _1\"></span>sivi<span class=\"_ _41\"> </span> </div></div>14.367 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro; <span class=\"_ _4\"></span>i<span class=\"ls5c\">v) <span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>lega<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>prog<span class=\"_ _1\"></span>etti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>finanziati <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>progr<span class=\"_ _1\"></span>amma <span class=\"_ _4\"></span>CEF<span class=\"_ _41\"> </span>per un import<span class=\"_ _1\"></span>o pari a 48.<span class=\"lsc\">052</span> migliaia di eur<span class=\"_ _1\"></span>o (46.478 migli<span class=\"_ _1\"></span>aia di euro al 3<span class=\"_ _1\"></span>1 dicembre 2024)<span class=\"lse\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "24.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altre pas<span class=\"_ _1\"></span>sivit\u00e0 corr<span class=\"_ _1\"></span>enti e non c<span class=\"_ _1\"></span>orrenti<span class=\"_ _41\"> </span>Le <span class=\"_ _a\"></span>altre <span class=\"_ _a\"></span>passivi<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"></span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mplessivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>variaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>nett<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>positiv<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>22<span class=\"ls0\">.377 <span class=\"_ _1\"></span>migliai<span class=\"_ _1\"></span>a di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>31 dice<span class=\"_ _1\"></span>mbre <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o dell<span class=\"_ _1\"></span>e v<span class=\"_ _1\"></span>ariazioni <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>nelle <span class=\"_ _1\"></span>voci <span class=\"_ _1\"></span>riportat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span>ne<span class=\"ls0\">lla seguen<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>bella:</span><table class=\"s w38b h737\" id=\"_66df71db-1d7b-42ee-8315-4e0477bbb430\"><tr><td></td><td></td><td></td><td class=\"c x2dc y1649 w4e h2c\"><div class=\"t m0 x43 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2dd y1649 w200 h2c\"><div class=\"t m0 x6e hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2024<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td></td><td></td><td class=\"c x2de y1649 w201 h2c\"><div class=\"t m0 x10d hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x2df hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e0 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td><td class=\"t m0 x2e1 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e2 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td><td class=\"t m0 x2e3 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota </td><td class=\"t m0 x2e4 hbd y164a ff6 fs8 fc0 sc0 ls0 ws0\">quota non </td><td></td></tr><tr><td></td><td class=\"t m0 x2e5 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2e6 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2e7 y164c w1fd h3fb\"><div class=\"t m0 x5a hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"t m0 x2e8 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2e9 hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2ea y164c w7f h3fb\"><div class=\"t m0 xa5 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td><td class=\"t m0 x2eb hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"t m0 x2ec hbd y164b ff6 fs8 fc0 sc0 ls0 ws0\">corrent<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></td><td class=\"c x2ed y164c w194 h3fb\"><div class=\"t m0 x5b hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x23a y164d w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Acconti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164d w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164d w1fc h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164d w1fd h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">87.327<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164d w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">79.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164d w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164d w7f h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">79.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164d w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.252<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y164d w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164d w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.252<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y164e w1fb h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti tribut<span class=\"_ _1\"></span>ar<span class=\"_ _4\"></span>i<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164e w169 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164e w1fc h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164e w1fd h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164e w1ee h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.526<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164e w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164e w7f h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.526<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164e w1ee h2f\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">254<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f0 y164e w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164e w194 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">254<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y164f w1fb h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti pr<span class=\"_ _1\"></span>evidenziali<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y164f w169 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y164f w1fc h2f\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y164f w1fd h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y164f w1ee h2f\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.796<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y164f w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y164f w7f h2f\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">21.796<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y164f w1ee h2f\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.092<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y164f w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y164f w194 h2f\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.092<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1650 w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri debiti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y1650 w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.245<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y1650 w1fc h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y1650 w1fd h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">65.245<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y1650 w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.644<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y1650 w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y1650 w7f h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">58.644<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y1650 w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.601<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y1650 w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y1650 w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.601<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y15cb w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Risconti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y15cb w169 h2c\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.274<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ee y15cb w1fc h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">137.258<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2e7 y15cb w1fd h2c\"><div class=\"t m0 x68 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">153.532<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dd y15cb w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.355<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ef y15cb w1fe h2c\"><div class=\"t m0 x48 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">137.999<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ea y15cb w7f h2c\"><div class=\"t m0 x3a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">149.354<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2de y15cb w1ee h2c\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.919<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f0 y15cb w1fe h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(741)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y15cb w194 h2c\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.178<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y15cc w1fb h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2dc y15cc w169 h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">203.514<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ee y15cc w1fc h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">137.258<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2e7 y15cc w1fd h2c\"><div class=\"t m0 x68 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">340.772<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2dd y15cc w1ee h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">180.396<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ef y15cc w1fe h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">137.999<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ea y15cc w7f h2c\"><div class=\"t m0 x3a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">318.395<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2de y15cc w1ee h2c\"><div class=\"t m0 x5b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">23.118<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f0 y15cc w1fe h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(741)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2ed y15cc w194 h2c\"><div class=\"t m0 x91 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.377<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x2f0 y1651 w202 h2f\"><div class=\"t m0 x4c h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La voce <span class=\"_ _1\"></span><span class=\"fc8\">Acconti<span class=\"_ _1\"></span><span class=\"sc5\"> <span class=\"fc0 sc0\">ammont<span class=\"_ _1\"></span>a a c<span class=\"_ _1\"></span>omplessivi <span class=\"ls6\">87<span class=\"_ _1\"></span><span class=\"ls0\">.327 migliaia <span class=\"_ _1\"></span>di euro <span class=\"_ _1\"></span>e si rif<span class=\"_ _1\"></span>erisce <span class=\"_ _1\"></span>per <span class=\"lsc\">81</span>.222 migliaia <span class=\"_ _1\"></span>di euro <span class=\"_ _1\"></span>al<span class=\"_ _41\"> </span></span></span></span></span></span>debito <span class=\"_ _6\"></span>verso <span class=\"_ _1\"></span>l\u2019<span class=\"_ _11\"></span>Aerona<span class=\"_ _1\"></span>utica <span class=\"_ _6\"></span>Militar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>Italiana <span class=\"_ _6\"></span>(AMI) <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>quota <span class=\"_ _1\"></span>degli <span class=\"_ _6\"></span>incassi <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>compe<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>ricevuti <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>2025<span class=\"_ _41\"> </span>per <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>servizi <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>rotta <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>terminale <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>6<span class=\"_ _4\"></span>.<span class=\"lsc\">105</span> <span class=\"_ _1\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>debito <span class=\"_ _6\"></span>verso <span class=\"_ _6\"></span>Ente <span class=\"_ _6\"></span>Nazionale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019<span class=\"_ _11\"></span>Av<span class=\"_ _1\"></span>iazione<span class=\"_ _41\"> </span>Civile<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>(ENAC) per <span class=\"_ _4\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>incassi di compet<span class=\"_ _1\"></span>enza inere<span class=\"_ _1\"></span>nti <span class=\"_ _4\"></span>agli s<span class=\"_ _1\"></span>tessi s<span class=\"_ _4\"></span>ervizi<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Nel cor<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>5 si <span class=\"_ _4\"></span>\u00e8 proced<span class=\"_ _1\"></span>uto <span class=\"_ _4\"></span>a<span class=\"_ _41\"> </span>pag<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>l\u2019<span class=\"_ _11\"></span>Aeronautica<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Militar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>quota <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>compet<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>servizi <span class=\"_ _a\"></span>d<span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>terminale <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>complessivi <span class=\"_ _a\"></span>20,4<span class=\"_ _41\"> </span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>compensar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>acconti <span class=\"_ _5\"></span>AM<span class=\"_ _4\"></span>I <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>servizi <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>rotta <span class=\"_ _5\"></span>rileva<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>31<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>dicembre <span class=\"_ _5\"></span>202<span class=\"_ _4\"></span>4 <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>dito <span class=\"_ _b\"> </span>vanta<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>nei <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onfronti <span class=\"_ _b\"></span>del <span class=\"_ _b\"> </span>Minister<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>l\u2019Economia <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>delle <span class=\"_ _9\"> </span>Finanz<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>(MEF), <span class=\"_ _9\"> </span>da <span class=\"_ _b\"></span>cui <span class=\"_ _b\"> </span>\u00e8 <span class=\"_ _9\"> </span>emer<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span>importo <span class=\"_ _9\"> </span>a <span class=\"_ _10\"> </span>debit<span class=\"_ _1\"></span>o  pari<span class=\"_ _1\"></span>  a <span class=\"_ _9\"> </span><span class=\"lsc\">50</span>,4  mil<span class=\"_ _1\"></span>ioni  di<span class=\"_ _1\"></span>  e<span class=\"_ _1\"></span>uro,<span class=\"_ _1\"></span>  r<span class=\"_ _1\"></span>egola<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>nel <span class=\"_ _10\"> </span>mese<span class=\"_ _1\"></span>  di<span class=\"_ _1\"></span>  dicembr<span class=\"_ _1\"></span>e, <span class=\"_ _9\"> </span>insieme <span class=\"_ _10\"> </span>alla <span class=\"_ _9\"> </span>quota <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza ENAC r<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>tiva al 2024 per un im<span class=\"_ _1\"></span>porto pari a 5,6 mil<span class=\"_ _1\"></span>ioni di euro<span class=\"_ _41\"> </span>La <span class=\"_ _12\"> </span>voce <span class=\"_ _7\"> </span><span class=\"fc8\">Debiti <span class=\"_ _12\"> </span>tributari<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span><span class=\"fc0\">pari <span class=\"_ _12\"> </span>a <span class=\"_ _12\"> </span>9.780 <span class=\"_ _12\"> </span>migliaia <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>euro<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>in <span class=\"_ _12\"> </span>legger<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>incr<span class=\"_ _1\"></span>emento <span class=\"_ _12\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span></span></span>prece<span class=\"_ _1\"></span>dente, <span class=\"_ _9\"> </span>accogl<span class=\"_ _1\"></span>ie <span class=\"_ _9\"> </span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>debit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>IRPEF <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _9\"> </span>dipendent<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>paga<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>nel <span class=\"_ _9\"> </span>mese <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>gennai<span class=\"_ _1\"></span>o 2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>26.<span class=\"_ _41\"> </span>I <span class=\"fc8 ls0\">Debiti <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evidenziali, <span class=\"fc0\">che ammon<span class=\"_ _1\"></span>tano a 24.888 migliaia di euro<span class=\"_ _1\"></span>, regis<span class=\"_ _1\"></span>trano un incre<span class=\"_ _1\"></span>mento netto di 3.092<span class=\"_ _41\"> </span></span></span>migliaia di euro <span class=\"_ _4\"></span>e sono rife<span class=\"_ _1\"></span>riti <span class=\"_ _4\"></span>sia al debito verso gli istituti previdenzia<span class=\"_ _1\"></span>li <span class=\"_ _4\"></span>es<span class=\"_ _1\"></span>tinti nel <span class=\"_ _4\"></span>mese di <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>nnaio 2026<span class=\"_ _41\"> </span>che <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>contributi <span class=\"_ _4\"></span>ma<span class=\"_ _1\"></span>turati<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sugli <span class=\"_ _4\"></span>acc<span class=\"_ _1\"></span>antonamen<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>personale <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>debito <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>erie <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>non godut<span class=\"_ _1\"></span>e rileva<span class=\"_ _1\"></span>te per co<span class=\"_ _1\"></span>mpetenz<span class=\"_ _1\"></span>a nel mese di dice<span class=\"_ _1\"></span>mbre 202<span class=\"_ _1\"></span>5.   Gli <span class=\"_ _a\"></span><span class=\"fc3\">Altri <span class=\"_ _5\"></span>debiti</span><span class=\"lsf\">, <span class=\"_ _a\"></span></span>che <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span><span class=\"lsc\">65</span>.245 <span class=\"_ _a\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano, <span class=\"_ _5\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>31 <span class=\"_ _a\"></span>dicembr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>2024, <span class=\"_ _a\"></span>un<span class=\"_ _41\"> </span>incre<span class=\"_ _1\"></span>mento ne<span class=\"_ _1\"></span>tto di <span class=\"_ _1\"></span>6.601 migli<span class=\"_ _1\"></span>aia di eur<span class=\"_ _1\"></span>o imput<span class=\"_ _1\"></span>abile principal<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>ai maggiori <span class=\"_ _1\"></span>debiti ver<span class=\"_ _1\"></span>so il pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span>dipendent<span class=\"_ _1\"></span>e per gli accan<span class=\"_ _1\"></span>tonamenti <span class=\"_ _1\"></span>di compete<span class=\"_ _1\"></span>nza dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio. <span class=\"ls9\">  </span>La  voce  <span class=\"fc8\">Risconti  </span>\u00e8  principalmen<span class=\"_ _1\"></span>te  riferibil<span class=\"_ _1\"></span>e  ai <span class=\"_ _7\"> </span>risconti  passivi  riguar<span class=\"_ _1\"></span>danti  i <span class=\"_ _7\"> </span>pr<span class=\"_ _1\"></span>ogetti  di  inves<span class=\"_ _1\"></span>timento<span class=\"_ _41\"> </span>finanzia<span class=\"_ _1\"></span>ti, di <span class=\"_ _1\"></span>cui la<span class=\"_ _1\"></span> quot<span class=\"_ _1\"></span>a a <span class=\"_ _1\"></span>br<span class=\"_ _1\"></span>eve <span class=\"_ _1\"></span>rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>a l\u2019import<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>che si <span class=\"_ _1\"></span>river<span class=\"_ _1\"></span>ser\u00e0<span class=\"_ _1\"></span> a <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>o ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>nei pr<span class=\"_ _1\"></span>ossimi <span class=\"_ _1\"></span>12<span class=\"_ _41\"> </span>mesi. In par<span class=\"_ _1\"></span>ticolar<span class=\"_ _1\"></span>e, la voce <span class=\"_ _1\"></span>accoglie: <span class=\"_ _1\"></span>i) i con<span class=\"_ _1\"></span>tributi PON Infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>e e <span class=\"_ _1\"></span>Reti rif<span class=\"_ _1\"></span>eriti al <span class=\"_ _1\"></span>periodo 2000/2006,<span class=\"_ _41\"> </span>2007/2013  e  2014/2020  riguar<span class=\"_ _1\"></span>danti  s<span class=\"_ _4\"></span>peci<span class=\"_ _1\"></span>fici  inves<span class=\"_ _1\"></span>timenti  eff<span class=\"_ _1\"></span>ettuati  negli  aer<span class=\"_ _1\"></span>oporti<span class=\"_ _4\"></span>  del  sud  per <span class=\"_ _7\"> </span>un<span class=\"_ _41\"> </span>importo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>netto delle <span class=\"_ _4\"></span>quote <span class=\"_ _4\"></span>imput<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto <span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _4\"></span><span class=\"ls11\">di</span> <span class=\"_ _4\"></span>47.288 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>(52.739 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>202<span class=\"_ _4\"></span>4);<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>i <span class=\"_ _a\"></span>contri<span class=\"_ _1\"></span>buti <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>conto <span class=\"_ _4\"></span>impianti <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>valer<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _5\"></span>aer<span class=\"_ _1\"></span>oporti<span class=\"_ _41\"> </span>milit<span class=\"_ _1\"></span>ari, ai <span class=\"_ _1\"></span>sensi di <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o p<span class=\"_ _1\"></span>revis<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dalla Legge <span class=\"_ _1\"></span>102/2009, <span class=\"_ _1\"></span>pari a <span class=\"lsc\">39</span>.657 <span class=\"_ _1\"></span>migliaia <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o (43.<span class=\"_ _1\"></span>948 migliaia<span class=\"_ _1\"></span> di<span class=\"_ _41\"> </span>euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _5\"></span>2024); <span class=\"_ _5\"></span>iii) <span class=\"_ _5\"></span> <span class=\"_ _a\"></span>i <span class=\"_ _5\"></span>contribu<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>prog<span class=\"_ _1\"></span>etti <span class=\"_ _a\"></span>finanzia<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>in <span class=\"_ _4\"></span>ambito <span class=\"_ _4\"></span>PNRR <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>comples<span class=\"_ _1\"></span>sivi<span class=\"_ _41\"> </span>14.367 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro; <span class=\"_ _4\"></span>i<span class=\"ls5c\">v) <span class=\"_ _5\"></span></span> <span class=\"_ _5\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>lega<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>prog<span class=\"_ _1\"></span>etti <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>finanziati <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>progr<span class=\"_ _1\"></span>amma <span class=\"_ _4\"></span>CEF<span class=\"_ _41\"> </span>per un import<span class=\"_ _1\"></span>o pari a 48.<span class=\"lsc\">052</span> migliaia di eur<span class=\"_ _1\"></span>o (46.478 migli<span class=\"_ _1\"></span>aia di euro al 3<span class=\"_ _1\"></span>1 dicembre 2024)<span class=\"lse\">. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "25.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Rica<span class=\"_ _1\"></span>vi da contr<span class=\"_ _1\"></span>atti con i cli<span class=\"_ _1\"></span>enti I  ricavi  da <span class=\"_ _7\"> </span>contr<span class=\"_ _1\"></span>atti  con  i <span class=\"_ _7\"> </span>clienti,  rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ati  dai <span class=\"_ _7\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _7\"> </span>da  attivit\u00e0  opera<span class=\"_ _1\"></span>tiva  e <span class=\"_ _7\"> </span>dalla  component<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>ttificativ<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>balance, <span class=\"_ _d\"> </span>ammontano <span class=\"_ _c\"> </span>complessiva<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>a <span class=\"_ _d\"> </span>982.711 <span class=\"_ _d\"> </span>migliaia <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _d\"> </span>un<span class=\"_ _41\"> </span>decr<span class=\"_ _1\"></span>emento di <span class=\"_ _4\"></span>17.<span class=\"lsc\">041<span class=\"_ _4\"></span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o, rispetto <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>riduzione \u00e8 <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>dovuta<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>diver<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>comput<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>Balance <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _a\"></span>derivan<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>dal <span class=\"_ _b\"></span>nuov<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>Piano <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Pe<span class=\"_ _1\"></span>rforma<span class=\"_ _1\"></span>nce<span class=\"_ _41\"> </span>(RP4), che <span class=\"_ _4\"></span>ha avut<span class=\"_ _1\"></span>o decorrenz<span class=\"_ _1\"></span>a dal <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ennaio 2025, <span class=\"_ _4\"></span>e che ha <span class=\"_ _4\"></span>vis<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>l\u2019inse<span class=\"_ _1\"></span>rimento a performance del<span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ex<span class=\"_ _41\"> </span>terz<span class=\"_ _1\"></span>a f<span class=\"_ _1\"></span>ascia <span class=\"_ _1\"></span>di t<span class=\"_ _1\"></span>ariff<span class=\"_ _1\"></span>azione di<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erminale (<span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>zona<span class=\"_ _1\"></span> 2) <span class=\"_ _1\"></span>assoggett<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> fino <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>2024 ad<span class=\"_ _1\"></span> uno<span class=\"_ _1\"></span> schema <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tivo<span class=\"_ _41\"> </span>nazionale che pr<span class=\"_ _1\"></span>evedev<span class=\"_ _1\"></span>a la det<span class=\"_ _1\"></span>erminazione del Balance<span class=\"_ _1\"></span> secondo una logic<span class=\"_ _1\"></span>a di cos<span class=\"_ _1\"></span>t rec<span class=\"_ _1\"></span>overy<span class=\"_ _6\"></span>. I <span class=\"_ _9\"> </span>ric<span class=\"_ _1\"></span>avi <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>oper<span class=\"_ _1\"></span>ativa, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>dell\u201911,2% <span class=\"_ _9\"> </span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>sia <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>ricavi <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>cor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>business del<span class=\"_ _1\"></span>la Capogruppo,<span class=\"_ _1\"></span> per il positivo andamen<span class=\"_ _1\"></span>to del tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo assis<span class=\"_ _1\"></span>tito, che<span class=\"_ _1\"></span> si attes<span class=\"_ _1\"></span>tano a 1.121<span class=\"_ _41\"> </span>milioni di euro in incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>114,9 milioni di euro<span class=\"_ _1\"></span>, rispetto all\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024, che per le attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>volte<span class=\"_ _41\"> </span>sul merc<span class=\"_ _1\"></span>ato no<span class=\"_ _1\"></span>n regolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o in aumento<span class=\"_ _1\"></span> del 5,8% rispett<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o precedent<span class=\"_ _1\"></span>e<span class=\"lsf\">. </span>Le t<span class=\"_ _1\"></span>abelle di<span class=\"_ _1\"></span> seguito <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>mostra<span class=\"_ _1\"></span>no il de<span class=\"_ _1\"></span>ttaglio <span class=\"_ _1\"></span>delle sin<span class=\"_ _1\"></span>gole voci<span class=\"_ _1\"></span> che c<span class=\"_ _1\"></span>ompongono <span class=\"_ _1\"></span>i rica<span class=\"_ _1\"></span>vi da <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _41\"> </span>con <span class=\"_ _a\"></span>i <span class=\"_ _b\"></span>clienti <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>alla <span class=\"_ _b\"></span>disag<span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>azione <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>essi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>natura <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>quanto<span class=\"_ _41\"> </span>richies<span class=\"_ _1\"></span>to dal principio IFR<span class=\"_ _1\"></span>S 15.<table class=\"s w38c h738\" id=\"_4f638285-feb8-4330-9750-20e77c655787\"><tr><td></td><td class=\"c x290 y1652 w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1652 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1652 w4d h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1652 w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1653 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i rotta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1653 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">846.008<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1653 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">732.228<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1653 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">113.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1653 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1654 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1654 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">262.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1654 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">263.029<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1654 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.024)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1654 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1655 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di r<span class=\"_ _1\"></span>otta e di terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1655 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.982<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1655 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.880<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1655 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.102<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1655 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1656 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>a mercat<span class=\"_ _1\"></span>o non regolamentat<span class=\"_ _1\"></span>o<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1656 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">52.117<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1656 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">49.272<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1656 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.845<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1656 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1657 w1cf h31\"><div class=\"t m0 x5f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale Rica<span class=\"_ _1\"></span>vi da attivit\u00e0 oper<span class=\"_ _1\"></span>ativa<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1657 w4d h31\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.173.112<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1657 w4c h31\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.055.409<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1657 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">117.703<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1657 w4c h31\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">11,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1658 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1658 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(190.401)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1658 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(55.657)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1658 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(134.744)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1658 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1659 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi da contra<span class=\"_ _1\"></span>tti con i clienti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1659 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">982.711<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1659 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">999.752<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1659 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(17.041)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1659 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-1,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y165a w4e h2c\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Ricavi di rott<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>Ricav<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mmerciali <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _a\"></span><span class=\"ls2\">in</span> <span class=\"_ _b\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>113,8 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> al <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>e maggi<span class=\"_ _1\"></span>ori unit<span class=\"_ _1\"></span>\u00e0 di<span class=\"_ _1\"></span> servizio <span class=\"_ _1\"></span>svil<span class=\"_ _1\"></span>uppate<span class=\"_ _1\"></span> nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio che<span class=\"_ _1\"></span> si <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>ano a <span class=\"_ _1\"></span>+5,9% (+<span class=\"_ _1\"></span>10,7<span class=\"ls18\">%<span class=\"_ _41\"> </span></span>2024 <span class=\"_ _4\"></span><span class=\"ls5d\">vs<span class=\"_ _4\"></span></span> <span class=\"_ _4\"></span>2023) <span class=\"_ _4\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>particolar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>aereo <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>ernazionale <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sorvolo <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tre<span class=\"_ _1\"></span>nd in cr<span class=\"_ _1\"></span>escita pe<span class=\"_ _1\"></span>r tutto <span class=\"_ _1\"></span>il 2025<span class=\"lsf\">, </span>e <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>maggiore t<span class=\"_ _1\"></span>ariffa<span class=\"_ _1\"></span> applica<span class=\"_ _1\"></span>ta che <span class=\"_ _1\"></span>recepisce <span class=\"_ _1\"></span>il r<span class=\"_ _1\"></span>ecupero <span class=\"_ _1\"></span>dei balance<span class=\"_ _41\"> </span>iscritti <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span><span class=\"ff8\">combi<span class=\"_ _1\"></span>ned <span class=\"_ _b\"></span>period<span class=\"ff2\"> <span class=\"_ _b\"></span>2020-2021 <span class=\"_ _a\"></span>attes<span class=\"_ _1\"></span>tandosi <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>74,94 <span class=\"_ _b\"></span>(euro <span class=\"_ _a\"></span>68,77 <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>2024<span class=\"_ _4\"></span>), <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>che <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>i<span class=\"_ _41\"> </span></span></span>riduce dello 0,<span class=\"_ _1\"></span>9% se si consider<span class=\"_ _1\"></span>a la sola tari<span class=\"_ _1\"></span>ffa al ne<span class=\"_ _1\"></span>tto dei balance<span class=\"_ _1\"></span>. Consider<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>ricavi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>otta <span class=\"_ _1\"></span>anche <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>omponente <span class=\"_ _6\"></span>dei v<span class=\"_ _1\"></span>oli e<span class=\"_ _1\"></span>senti, <span class=\"_ _1\"></span><span class=\"ls10\">in<span class=\"ls0\"> </span>in<span class=\"ls0\">cr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di 1,<span class=\"_ _1\"></span>6 mil<span class=\"_ _1\"></span>ioni di <span class=\"_ _1\"></span>eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span></span></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _4\"></span>2024, per <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>maggiori <span class=\"_ _4\"></span>unit\u00e0 di <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>svil<span class=\"_ _1\"></span>uppate <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>+9,6% <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>deriva<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>dalla <span class=\"_ _9\"> </span>tar<span class=\"_ _1\"></span>iffa <span class=\"_ _9\"> </span>applic<span class=\"_ _1\"></span>ata <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>compone<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>ttificativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>per <span class=\"_ _10\"> </span>Balance<span class=\"_ _1\"></span>, <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>r<span class=\"_ _1\"></span>otta <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span>att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omplessivament<span class=\"_ _1\"></span>e a 70<span class=\"_ _4\"></span>7,1 milioni di euro<span class=\"_ _1\"></span>, in <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ero incremen<span class=\"_ _1\"></span>to per 1<span class=\"_ _4\"></span>,2 milioni di euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>me<span class=\"_ _41\"> </span>di seguito r<span class=\"_ _1\"></span>appr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span>to:<table class=\"s w38c h739\" id=\"_9c751206-9296-4df4-840f-78c8195b36ba\"><tr><td></td><td></td><td class=\"c x290 y165b w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y165b w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y165b w26 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165b w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165c w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i rotta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165c w4d h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">846.008<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165c w4c h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">732.228<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165c w26 h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">113.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165c w4c h2c\"><div class=\"t m0 x66 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">15,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di r<span class=\"_ _1\"></span>otta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165d w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.060<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165d w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.410<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165d w26 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.650<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165d w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x233 y165e w1cf h2c\"><div class=\"t m0 xd9 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ricavi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y165e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">856.068<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165e w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">740.638<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165e w26 h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">115.430<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165e w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165f w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance dell'anno di r<span class=\"_ _1\"></span>otta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165f w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.943<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165f w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">50.195<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165f w26 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(44.252)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165f w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-88,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1660 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione balance dell'anno<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1660 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.569)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1660 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.143)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1660 w26 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(426)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1660 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1661 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione balance<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1661 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.836<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1661 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.442)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1661 w26 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.278<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1661 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1662 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Utilizzo balan<span class=\"_ _1\"></span>ce di rotta n-2<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1662 w4d h2c\"><div class=\"t m0 x51 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(164.141)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1662 w4c h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(80.319)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1662 w26 h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(83.822)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1662 w4c h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x233 y1663 w1cf h2c\"><div class=\"t m0 x3f h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ba<span class=\"_ _4\"></span>lance<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1663 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(148.931)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1663 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(34.709)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1663 w26 h2c\"><div class=\"t m0 x51 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(114.222)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1663 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1664 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi di rotta con balance<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1664 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">707.137<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1664 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">705.929<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1664 w26 h31\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.208<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1664 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x292 y1665 w203 h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il balance <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>di rott<span class=\"_ _1\"></span>a incide <span class=\"_ _4\"></span>per positivi 5<span class=\"_ _4\"></span>.94<span class=\"_ _1\"></span>3 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>una variazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativa di<span class=\"_ _41\"> </span>44.252 <span class=\"_ _9\"> </span>migliaia <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _9\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>prece<span class=\"_ _1\"></span>dent<span class=\"_ _1\"></span>e, <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>seguito <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>diver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>impatto <span class=\"_ _9\"> </span>gene<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>dai<span class=\"_ _41\"> </span>Balance <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolare<span class=\"_ _1\"></span>, ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _1\"></span>202<span class=\"_ _1\"></span>5 non<span class=\"_ _1\"></span> \u00e8<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>merso <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>rischio<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>ffico <span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>seguito <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>consuntivo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>servizio <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1c\"></span>-0,24%, <span class=\"_ _1\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>pianific<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>Piano<span class=\"_ _41\"> </span>di Pe<span class=\"_ _1\"></span>rforma<span class=\"_ _1\"></span>nce, dove ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio 20<span class=\"_ _1\"></span>24 tale bal<span class=\"_ _1\"></span>ance in re<span class=\"_ _1\"></span>stituzione ai<span class=\"_ _1\"></span> vettori a<span class=\"_ _1\"></span>mmont<span class=\"_ _1\"></span>ava a<span class=\"_ _1\"></span> nega<span class=\"_ _1\"></span>tivi 10,5<span class=\"_ _41\"> </span>milioni <span class=\"_ _4\"></span>di euro. <span class=\"_ _4\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>balance <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>flazione <span class=\"_ _4\"></span>\u00e8 ris<span class=\"_ _4\"></span>ult<span class=\"_ _1\"></span>ato pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>3,7 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminato sulla <span class=\"_ _4\"></span>base<span class=\"_ _41\"> </span>del <span class=\"_ _b\"></span>dato <span class=\"_ _b\"></span>pubblicat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>da <span class=\"_ _b\"></span>Eur<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>at <span class=\"_ _b\"> </span>a <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>ebbraio <span class=\"_ _b\"></span>2026 <span class=\"_ _b\"></span>(+1,60<span class=\"_ _4\"></span>%) <span class=\"_ _b\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onfron<span class=\"_ _1\"></span>to <span class=\"_ _b\"> </span>recepiv<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span>balance <span class=\"_ _7\"> </span>lega<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>all\u2019incr<span class=\"_ _1\"></span>emento <span class=\"_ _7\"> </span>inflattivo <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>un <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>positivo <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>55 <span class=\"_ _7\"> </span>milioni <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>euro. <span class=\"_ _7\"> </span>Nel <span class=\"_ _12\"> </span>2025 <span class=\"_ _12\"> </span>la<span class=\"_ _41\"> </span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>grazi<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>int<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>messi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>atto<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>raggiunt<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>tar<span class=\"_ _1\"></span>get <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span><span class=\"ff8\">capacity <span class=\"_ _4\"></span></span>di <span class=\"_ _5\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>0,010<span class=\"_ _41\"> </span>minuti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>ardo <span class=\"_ _4\"></span>per volo <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>molto <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sott<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispetto <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>arge<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>fissato <span class=\"_ _4\"></span>dall<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Commissione <span class=\"_ _4\"></span>Eur<span class=\"_ _1\"></span>opea<span class=\"_ _41\"> </span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>0,14 <span class=\"_ _4\"></span>minuti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>volo <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>permett<span class=\"_ _1\"></span>endo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>iscriver<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>bonus <span class=\"_ _4\"></span><span class=\"ff8\">capacity</span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>12,9 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>bonus non pr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio a confr<span class=\"_ _1\"></span>onto. La <span class=\"_ _9\"> </span>voce <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>ariazione <span class=\"_ _9\"> </span>bala<span class=\"_ _1\"></span>nce, <span class=\"_ _9\"> </span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>positivi <span class=\"_ _9\"> </span>11,8 <span class=\"_ _9\"> </span>mil<span class=\"_ _1\"></span>ioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _9\"> </span>acc<span class=\"_ _1\"></span>oglie <span class=\"_ _9\"> </span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>delt<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>cos<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol rif<span class=\"_ _1\"></span>erito al<span class=\"_ _1\"></span> 2024 qual<span class=\"_ _1\"></span>e dat<span class=\"_ _1\"></span>o consun<span class=\"_ _1\"></span>tivo che <span class=\"_ _1\"></span>determina <span class=\"_ _1\"></span>un importo <span class=\"_ _1\"></span>in r<span class=\"_ _1\"></span>estituzione di 3<span class=\"_ _1\"></span>,3 milioni<span class=\"_ _41\"> </span>di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> rispe<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>nserito <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Balance <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span><span class=\"ff8\">write <span class=\"_ _6\"></span>off<span class=\"ff2\"> di <span class=\"_ _6\"></span>rotta<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>mersi <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>terz<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span>Ref<span class=\"_ _1\"></span>erence P<span class=\"_ _1\"></span>eriod<span class=\"ff2\"> per <span class=\"_ _1\"></span>17,9 milioni <span class=\"_ _1\"></span>di euro<span class=\"_ _1\"></span>, iscritt<span class=\"_ _1\"></span>o in con<span class=\"_ _1\"></span>formit\u00e0 <span class=\"_ _1\"></span>alle indic<span class=\"_ _1\"></span>azioni f<span class=\"_ _1\"></span>ornite <span class=\"_ _1\"></span>dal regola<span class=\"_ _1\"></span>tore <span class=\"_ _1\"></span>oltre<span class=\"_ _41\"> </span></span>ad aggiust<span class=\"_ _1\"></span>amenti di alcuni bal<span class=\"_ _1\"></span>ance iscritti nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio preceden<span class=\"_ _1\"></span>te, in conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>alle richies<span class=\"_ _1\"></span>te di ENAC e<span class=\"_ _41\"> </span>della Commissione E<span class=\"_ _1\"></span>uropea<span class=\"_ _1\"></span>. I balance <span class=\"_ _4\"></span>iscritti nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>sono sta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in un arc<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>tempor<span class=\"_ _1\"></span>ale coeren<span class=\"_ _1\"></span>te con <span class=\"_ _4\"></span>i Regol<span class=\"_ _1\"></span>amenti UE,<span class=\"_ _41\"> </span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la voce <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>balance di <span class=\"_ _4\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>n-2 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _4\"></span>inseriti <span class=\"_ _4\"></span>in tariffa<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>riguar<span class=\"_ _1\"></span>danti s<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>terz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>quota <span class=\"_ _9\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>balance <span class=\"_ _b\"></span>iscritti <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>biennio <span class=\"_ _b\"></span>2020-2021 <span class=\"_ _b\"> </span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>quote <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>5 <span class=\"_ _b\"></span>anni, <span class=\"_ _b\"></span>che <span class=\"_ _9\"> </span>i<span class=\"_ _41\"> </span>balance iscritti nel 2023 con rigir<span class=\"_ _1\"></span>o nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un va<span class=\"_ _1\"></span>lore comples<span class=\"_ _1\"></span>sivo pari a neg<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>164,1 milioni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro. Ricavi di t<span class=\"_ _1\"></span>erminale<span class=\"_ _41\"> </span>I <span class=\"_ _9\"> </span>Ricavi<span class=\"_ _1\"></span>  di <span class=\"_ _9\"> </span>te<span class=\"_ _1\"></span>rminale <span class=\"_ _10\"> </span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _9\"> </span>ammontano <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>26<span class=\"_ _4\"></span>2 <span class=\"_ _9\"> </span>milioni <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>euro<span class=\"_ _1\"></span>  t<span class=\"_ _1\"></span>endenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>stabil<span class=\"_ _1\"></span>i <span class=\"_ _10\"> </span>(-0,4%)<span class=\"lse\">,<span class=\"_ _41\"> </span></span>rispetto <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>andament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>p<span class=\"_ _1\"></span>ositivo <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>viluppat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>sui <span class=\"_ _9\"> </span>sing<span class=\"_ _1\"></span>oli<span class=\"_ _41\"> </span>aer<span class=\"_ _1\"></span>oporti <span class=\"_ _1\"></span>distinti <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>zo<span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>complessiv<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>attes<span class=\"_ _1\"></span>ta<span class=\"ls11\">no</span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+3,4% <span class=\"_ _1\"></span>(+9,9% <span class=\"_ _6\"></span>2024 <span class=\"_ _1\"></span><span class=\"ls5c\">vs<span class=\"ls0\"> <span class=\"_ _1\"></span>2023<span class=\"ls1c\">)<span class=\"_ _41\"> </span></span></span></span>pur <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>presenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dell\u2019<span class=\"_ _6\"></span>anda<span class=\"_ _1\"></span>mento <span class=\"_ _a\"></span>nega<span class=\"_ _1\"></span>tivo <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _b\"></span>nazionale <span class=\"_ _a\"></span>che <span class=\"_ _b\"></span>chiude <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>a <span class=\"_ _11\"></span>-2,7%, <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span>termini di u<span class=\"_ _1\"></span>nit\u00e0 di servizio ri<span class=\"_ _1\"></span>spetto al 2024. A <span class=\"_ _4\"></span>decorrer<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>mese <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>gennaio <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>erformance<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>nuovo <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>reg<span class=\"_ _1\"></span>olatorio<span class=\"_ _41\"> </span>2025-2029, <span class=\"_ _b\"></span>le <span class=\"_ _9\"> </span>z<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ariffazione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>terminale <span class=\"_ _b\"></span>sono <span class=\"_ _9\"> </span>dive<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>du<span class=\"_ _4\"></span>e <span class=\"_ _b\"></span>rispetto <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>z<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>periodo<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>golatorio pre<span class=\"_ _1\"></span>cedente e co<span class=\"_ _1\"></span>mprendono tutti gli aer<span class=\"_ _1\"></span>oporti, superan<span class=\"_ _1\"></span>do lo schema di regola<span class=\"_ _1\"></span>zione nazionale<span class=\"_ _41\"> </span>applica<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>terz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>ascia <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>opera<span class=\"_ _1\"></span>va <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _a\"></span>ma <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>una<span class=\"_ _41\"> </span>logica<span class=\"_ _1\"></span> di cost r<span class=\"_ _1\"></span>ecovery e ch<span class=\"_ _1\"></span>e ora r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>ta la nu<span class=\"_ _1\"></span>ova z<span class=\"_ _1\"></span>ona 2 di ta<span class=\"_ _1\"></span>riffazione.<span class=\"_ _41\"> </span>La <span class=\"ff8\">prima zona di t<span class=\"_ _1\"></span>ariffazion<span class=\"_ _1\"></span>e<span class=\"ff2\">,<span class=\"_ _4\"></span> r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a ora dalla pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e zona 1 e zo<span class=\"_ _1\"></span>na 2, \u00e8 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>agl<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>roporti<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>oma <span class=\"_ _1\"></span>Fiumicino<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>Milano <span class=\"_ _1\"></span>Malpensa, <span class=\"_ _6\"></span>Milano <span class=\"_ _6\"></span>Linate, <span class=\"_ _6\"></span>V<span class=\"_ _1\"></span>enezia <span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>esser<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Berg<span class=\"_ _1\"></span>amo <span class=\"_ _1\"></span>Orio <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>Serio, <span class=\"_ _6\"></span>ha <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ato<span class=\"_ _41\"> </span>un <span class=\"_ _1\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>traffico <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ereo <span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito, <span class=\"_ _1\"></span>espre<span class=\"_ _1\"></span>sso in <span class=\"_ _1\"></span>uni<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>di se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizio<span class=\"_ _1\"></span>, del<span class=\"_ _1\"></span> +2,5% <span class=\"_ _1\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al c<span class=\"_ _1\"></span>orrispondente<span class=\"_ _41\"> </span>periodo dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2024 (+12,5% 202<span class=\"_ _1\"></span>4 vs 2023) co<span class=\"_ _1\"></span>n risultati<span class=\"_ _1\"></span> positivi per il tr<span class=\"_ _1\"></span>affico ae<span class=\"_ _1\"></span>reo int<span class=\"_ _1\"></span>ernazionale<span class=\"_ _41\"> </span>che <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>compensat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>unit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>servizio, <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>andamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>nega<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _5\"></span>nazionale <span class=\"_ _5\"></span>(-<span class=\"_ _41\"> </span>6,7% <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>UdS). <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>tari<span class=\"_ _1\"></span>ffa <span class=\"_ _a\"></span>applic<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>20<span class=\"_ _4\"></span>25 <span class=\"_ _a\"></span>ammo<span class=\"_ _1\"></span>nta <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>183,94, <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>riduzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>media <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>circ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>10%<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> alla t<span class=\"_ _1\"></span>ariffa <span class=\"_ _1\"></span>2024 seb<span class=\"_ _1\"></span>bene non sia <span class=\"_ _1\"></span>dirett<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>compar<span class=\"_ _1\"></span>abile in <span class=\"_ _1\"></span>quanto v<span class=\"_ _1\"></span>i er<span class=\"_ _1\"></span>ano due <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>e dis<span class=\"_ _1\"></span>tinte<span class=\"_ _41\"> </span>per la z<span class=\"_ _1\"></span>ona 1 <span class=\"ls13\">e </span>la z<span class=\"_ _1\"></span>ona 2. La <span class=\"ff8\">seconda zona di tariffazi<span class=\"_ _1\"></span>one<span class=\"lsf\">, <span class=\"_ _4\"></span></span><span class=\"ff2\">che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>accogli<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>gli aeropo<span class=\"_ _1\"></span>rti <span class=\"_ _4\"></span>inclusi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nella prece<span class=\"_ _1\"></span>dente z<span class=\"_ _1\"></span>ona 3<span class=\"_ _4\"></span>, comprende<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>40<span class=\"_ _41\"> </span></span></span>aer<span class=\"_ _1\"></span>oporti a <span class=\"_ _1\"></span>medio e <span class=\"_ _1\"></span>basso t<span class=\"_ _1\"></span>raffico <span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>egis<span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>un maggior v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o aer<span class=\"_ _1\"></span>eo ges<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>, espr<span class=\"_ _1\"></span>esso in <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _41\"> </span>di <span class=\"_ _a\"></span>servizio, <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>+4,2%, <span class=\"_ _a\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>corrisponden<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>periodo <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>(+6,6% <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>vs <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>023)<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rito<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>ternazionale. La tariff<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del 2025 si attes<span class=\"_ _1\"></span>ta a <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o 339,52 in <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>rispetto <span class=\"_ _a\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>tariffa <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>era<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>332,27 <span class=\"_ _5\"></span>esclusivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>cupero <span class=\"_ _a\"></span>della<span class=\"_ _41\"> </span>quota <span class=\"_ _1\"></span>balance inserita i<span class=\"_ _1\"></span>n tariff<span class=\"_ _1\"></span>a. Inf<span class=\"_ _1\"></span>atti, la t<span class=\"_ _1\"></span>ariffa al n<span class=\"_ _1\"></span>etto del balance pre<span class=\"_ _1\"></span>senta <span class=\"_ _1\"></span>una riduzione del 3,5%<span class=\"_ _1\"></span>. Consider<span class=\"_ _1\"></span>ando <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>terminale <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>ngiunta<span class=\"_ _1\"></span>mente <span class=\"_ _9\"> </span>ai <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>voli<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>esenti, <span class=\"_ _9\"> </span>in <span class=\"_ _10\"> </span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>18,3%<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ecedente, <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>le <span class=\"_ _b\"></span>maggiori <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>nit\u00e0 <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>servizio <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>merse <span class=\"_ _b\"></span>nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _9\"> </span>(+16,1%), <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ettifica<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>Balance, i <span class=\"_ _4\"></span>ricavi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>erminale si <span class=\"_ _4\"></span>atte<span class=\"_ _1\"></span>stano complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>223,5 <span class=\"_ _4\"></span>milioni<span class=\"_ _41\"> </span>di euro<span class=\"_ _1\"></span>, in riduzione di <span class=\"_ _1\"></span>21,1 milioni di eur<span class=\"_ _1\"></span>o, c<span class=\"_ _1\"></span>ome di seguit<span class=\"_ _1\"></span>o rappre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>to:<table class=\"s w38d h73a\" id=\"_53094391-96e8-4c04-9542-1aa140b50f22\"><tr><td></td><td class=\"c x2f1 y1666 w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1666 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1666 w4d h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1666 w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1667 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1667 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">262.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1667 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">263.029<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1667 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.024)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1667 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1668 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1668 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.922<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1668 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.470<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1668 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">452<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1668 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1669 w1cf h2c\"><div class=\"t m0 xd9 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ricavi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1669 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">264.927<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1669 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">265.499<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1669 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(572)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1669 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance dell'anno di t<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>rmin<span class=\"_ _1\"></span>al<span class=\"_ _4\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166a w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.905<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166a w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.766<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.861)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166a w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-39,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166b w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione balance dell'anno<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166b w4d h31\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(101)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166b w4c h31\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(207)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166b w4d h31\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">106<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y166b w4c h31\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-51,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166c w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166c w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(699)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166c w4c h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(876)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166c w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">177<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y166c w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-20,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utilizzo balan<span class=\"_ _1\"></span>ce di terminale n-2<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(43.575)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166d w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.631)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18.944)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166d w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">76,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166e w1cf h2c\"><div class=\"t m0 x3f h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ba<span class=\"_ _4\"></span>lance<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(41.470)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166e w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(20.948)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(20.522)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166e w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">98,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166f w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi di terminale con balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166f w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">223.457<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y166f w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">244.551<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y166f w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(21.094)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166f w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-8,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y1670 w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il balance dell\u2019<span class=\"_ _6\"></span>anno di termi<span class=\"_ _1\"></span>nale incide positivamen<span class=\"_ _1\"></span>te per 2.905 migliaia di euro e r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a una <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazione<span class=\"_ _41\"> </span>neg<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>1.<span class=\"_ _1\"></span>861 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispetto <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>cedente<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>seguito<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>balance<span class=\"_ _41\"> </span>per <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>emer<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>entr<span class=\"_ _1\"></span>ambe <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mplessivi <span class=\"_ _4\"></span>3 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>euro<span class=\"lse\">,<span class=\"_ _41\"> </span></span>ave<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>minori <span class=\"_ _6\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>servizio <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>consunti<span class=\"_ _1\"></span>vo <span class=\"_ _1\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>pianific<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>piano <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>perf<span class=\"_ _1\"></span>ormance,<span class=\"_ _41\"> </span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span> <span class=\"_ _11\"></span>-2,82<span class=\"ls19\">% <span class=\"_ _5\"></span></span>per <span class=\"_ _a\"></span>la <span class=\"_ _4\"></span>prima <span class=\"_ _5\"></span>zona <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tariffa<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span> <span class=\"_ _11\"></span>-4,2<span class=\"ls18\">% <span class=\"_ _5\"></span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>seconda <span class=\"_ _5\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ariffazi<span class=\"_ _1\"></span>one. <span class=\"_ _a\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _a\"></span>a<span class=\"_ _41\"> </span>conf<span class=\"_ _1\"></span>ront<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>comprende<span class=\"_ _1\"></span>va <span class=\"_ _12\"> </span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _7\"> </span>il <span class=\"_ _12\"> </span>balance <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>rischio <span class=\"_ _12\"> </span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _7\"> </span>in <span class=\"_ _12\"> </span>res<span class=\"_ _1\"></span>tituzione <span class=\"_ _12\"> </span>ai <span class=\"_ _7\"> </span>vettori <span class=\"_ _12\"> </span>per<span class=\"_ _41\"> </span>comples<span class=\"_ _1\"></span>sivi 4,3 <span class=\"_ _4\"></span>milioni di eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e il balance neg<span class=\"_ _1\"></span>ativo de<span class=\"_ _1\"></span>termina<span class=\"_ _1\"></span>to secondo una logica<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di cos<span class=\"_ _1\"></span>t recov<span class=\"_ _1\"></span>ery per<span class=\"_ _41\"> </span>la ex te<span class=\"_ _1\"></span>rza zona di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ariffazio<span class=\"_ _1\"></span>ne per 1,1 <span class=\"_ _4\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> eff<span class=\"_ _1\"></span>etti <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>almiera<span class=\"_ _1\"></span>ti dall\u2019iscrizione del balance positiv<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to dall\u2019incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o inflattivo per<span class=\"_ _1\"></span> 8,7 milioni di eur<span class=\"_ _1\"></span>o. Sul valor<span class=\"_ _1\"></span>e complessivo<span class=\"_ _1\"></span> dei <span class=\"_ _4\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _4\"></span>di te<span class=\"_ _1\"></span>rminale incide l\u2019<span class=\"_ _1\"></span>utilizzo a cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>scritti nel<span class=\"_ _41\"> </span>combined peri<span class=\"_ _1\"></span>od<span class=\"ff2\"> <span class=\"_ _4\"></span>2020-2<span class=\"_ _1\"></span>021 <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecuperabil<span class=\"_ _1\"></span>e in qu<span class=\"_ _4\"></span>ot<span class=\"_ _1\"></span>e cos<span class=\"_ _1\"></span>tanti in 5 anni per la prima zona di tariff<span class=\"_ _1\"></span>azione e in<span class=\"_ _41\"> </span></span>7 anni <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>seconda oltr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>i balance iscritti<span class=\"_ _1\"></span> nei due <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi pre<span class=\"_ _1\"></span>cedenti ed <span class=\"_ _1\"></span>in recu<span class=\"_ _1\"></span>pero in <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a nel<span class=\"_ _1\"></span> 2025. I <span class=\"_ _5\"></span><span class=\"fc3 ls0\">Ricav<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>merca<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>non <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egolamenta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span><span class=\"fc0\">si <span class=\"_ _5\"></span>attes<span class=\"_ _1\"></span>tano <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span><span class=\"ls6\">52</span>,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>risulta<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span></span></span>5,8%, <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>, principalmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>seguenti <span class=\"_ _6\"></span>progetti<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2025<span class=\"ls15\">:<span class=\"_ _41\"> </span></span>i) <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>proseguimen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>consulenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>aeronautica<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>per <span class=\"_ _a\"></span>lo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>viluppo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>piano <span class=\"_ _b\"></span>nazionale <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>navig<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>aere<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Arabi<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>Saudita; <span class=\"_ _a\"></span>ii) <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>avanz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>forni<span class=\"_ _1\"></span>tura, <span class=\"_ _a\"></span>l\u2019insta<span class=\"_ _1\"></span>llazione <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>messa in eserci<span class=\"_ _1\"></span>zio di un nuovo r<span class=\"_ _1\"></span>adar per la sorveglia<span class=\"_ _1\"></span>nza del tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo sia in ambito milit<span class=\"_ _1\"></span>are che civ<span class=\"_ _1\"></span>ile<span class=\"_ _41\"> </span>svolt<span class=\"_ _1\"></span>a dall\u2019<span class=\"_ _11\"></span>Aerona<span class=\"_ _1\"></span>utica Mili<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> presso la Base aer<span class=\"_ _1\"></span>ea di Sigonell<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>; iii)<span class=\"_ _1\"></span> le attivit<span class=\"_ _1\"></span>\u00e0 erog<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> a fa<span class=\"_ _1\"></span>vore del cli<span class=\"_ _1\"></span>ente<span class=\"_ _41\"> </span>\u201cEmpre<span class=\"_ _1\"></span>sa Arg<span class=\"_ _1\"></span>entina de <span class=\"_ _1\"></span>Navig<span class=\"_ _1\"></span>acion Aer<span class=\"_ _1\"></span>ea\u201d per il<span class=\"_ _1\"></span> support<span class=\"_ _1\"></span>o nella r<span class=\"_ _1\"></span>evisione di <span class=\"_ _1\"></span>120 ca<span class=\"_ _1\"></span>rtogr<span class=\"_ _1\"></span>afie aer<span class=\"_ _1\"></span>onautiche; iv) <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>progett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>modernizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>del <span class=\"_ _10\"> </span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _9\"> </span>Aeronautic<span class=\"_ _1\"></span>al <span class=\"_ _10\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _9\"> </span>Manag<span class=\"_ _1\"></span>ement <span class=\"_ _9\"> </span>(AIM) <span class=\"_ _10\"> </span>per <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _11\"></span>Air<span class=\"_ _41\"> </span>Navig<span class=\"_ _1\"></span>ation <span class=\"_ _10\"> </span>Service  P<span class=\"_ _1\"></span>rovide<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>  (<span class=\"_ _1\"></span>ANSP)  Bulg<span class=\"_ _1\"></span>aro;  v)<span class=\"_ _1\"></span>  la  f<span class=\"_ _1\"></span>ornitur<span class=\"_ _1\"></span>a  del  sis<span class=\"_ _1\"></span>tema  AIM <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>rel<span class=\"_ _1\"></span>ativi  servizi <span class=\"_ _10\"> </span>per  la<span class=\"_ _41\"> </span>Re<span class=\"_ _1\"></span>pubblica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Liberia; <span class=\"_ _a\"></span>vi) <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>proge<span class=\"_ _1\"></span>tto <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>aviazione <span class=\"_ _5\"></span>civile <span class=\"_ _5\"></span>rumena <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span><span class=\"ls10\">il</span> <span class=\"_ _a\"></span>\u201c<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>raffic <span class=\"_ _5\"></span>Comple<span class=\"_ _1\"></span>xity<span class=\"_ _4\"></span>\u201d <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _41\"> </span>automa<span class=\"_ _1\"></span>tizza<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a g<span class=\"_ _1\"></span>estione<span class=\"_ _1\"></span> ed <span class=\"_ _1\"></span>ottimizz<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>voli <span class=\"_ _1\"></span>all\u2019in<span class=\"_ _1\"></span>terno <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>porzioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>spazio <span class=\"_ _1\"></span>aereo<span class=\"_ _41\"> </span>per <span class=\"_ _a\"></span>una <span class=\"_ _b\"></span>pianificazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>pi\u00f9 <span class=\"_ _a\"></span>efficient<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>tra<span class=\"_ _1\"></span>ffico; <span class=\"_ _a\"></span>vii) <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>progett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>\u201cNAIS <span class=\"_ _b\"></span>R<span class=\"_ _1\"></span>eplacement <span class=\"_ _5\"></span>and <span class=\"_ _b\"></span>Swim<span class=\"_ _41\"> </span>Implemen<span class=\"_ _1\"></span>tation\u201d <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019<span class=\"_ _2\"></span>ANSP <span class=\"_ _6\"></span>norvegese; <span class=\"_ _6\"></span>viii) <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span><span class=\"ff8\">Fligh<span class=\"_ _1\"></span>t <span class=\"_ _1\"></span>Proced<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>Design <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>Airspace <span class=\"_ _6\"></span>Management<span class=\"_ _41\"> </span></span>(FPDAM) <span class=\"_ _1\"></span>per l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>viazione civ<span class=\"_ _1\"></span>ile in T<span class=\"_ _6\"></span>unisia; ix<span class=\"_ _1\"></span>) le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>di flight <span class=\"_ _1\"></span>inspection and <span class=\"_ _1\"></span>valida<span class=\"_ _1\"></span>tion in K<span class=\"_ _1\"></span>eny<span class=\"_ _1\"></span>a, R<span class=\"_ _1\"></span>omania<span class=\"_ _41\"> </span>e Cr<span class=\"_ _1\"></span>oazia. Si riporta di <span class=\"_ _4\"></span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>evide<span class=\"_ _1\"></span>nza della disaggreg<span class=\"_ _1\"></span>azione dei <span class=\"_ _4\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _4\"></span>da merc<span class=\"_ _1\"></span>ato non <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per tipo di<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0.<table class=\"s w38e h73a\" id=\"_92b3df50-ddba-48d2-b5c5-c7f7b98ccdad\"><tr><td></td><td class=\"c x2f1 y1671 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1671 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1671 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1671 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1672 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Rica<span class=\"_ _1\"></span>vi da mercato non r<span class=\"_ _1\"></span>egolamentato<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28f y1673 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>endit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di li<span class=\"_ _1\"></span>ce<span class=\"_ _4\"></span>nz<span class=\"_ _1\"></span>e e prest<span class=\"_ _1\"></span>azioni di servizi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1673 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.905<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1673 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.270<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1673 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">635<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1673 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">2,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1674 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Radiomisure<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1674 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.863<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1674 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.851<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1674 w4d h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1674 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1675 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Consulenz<span class=\"_ _1\"></span>a aeronautica<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1675 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.479<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1675 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.151<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1675 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">328<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1675 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">4,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1676 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi tecnici e di inge<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>ria<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1676 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.560<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1676 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.192<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1676 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.368<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1676 w4c h2c\"><div class=\"t m0 x66 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">19,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1677 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi per Unmanned Aerial V<span class=\"_ _1\"></span>ehicles<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1677 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">676<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1677 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.147<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1677 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(471)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1677 w4c h2c\"><div class=\"t m0 x32 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">-41,1%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1678 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Formazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1678 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">183<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1678 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">130<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1678 w4d h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1678 w4c h2c\"><div class=\"t m0 x66 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">40,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1679 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1679 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.451<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1679 w4c h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.531<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1679 w4d h31\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(80)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1679 w4c h31\"><div class=\"t m0 x1db h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">-3,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y167a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi da mercato n<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>n r<span class=\"_ _1\"></span>egolamentat<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y167a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">52.117<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y167a w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">49.272<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y167a w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.845<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y167a w4c h2c\"><div class=\"t m0 x2a h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y167b w4e h2c\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "25.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Rica<span class=\"_ _1\"></span>vi da contr<span class=\"_ _1\"></span>atti con i cli<span class=\"_ _1\"></span>enti I  ricavi  da <span class=\"_ _7\"> </span>contr<span class=\"_ _1\"></span>atti  con  i <span class=\"_ _7\"> </span>clienti,  rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ati  dai <span class=\"_ _7\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _7\"> </span>da  attivit\u00e0  opera<span class=\"_ _1\"></span>tiva  e <span class=\"_ _7\"> </span>dalla  component<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>ttificativ<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>balance, <span class=\"_ _d\"> </span>ammontano <span class=\"_ _c\"> </span>complessiva<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> <span class=\"_ _25\"> </span>a <span class=\"_ _d\"> </span>982.711 <span class=\"_ _d\"> </span>migliaia <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>euro <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _d\"> </span>un<span class=\"_ _41\"> </span>decr<span class=\"_ _1\"></span>emento di <span class=\"_ _4\"></span>17.<span class=\"lsc\">041<span class=\"_ _4\"></span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o, rispetto <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _4\"></span>riduzione \u00e8 <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>dovuta<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>diver<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>comput<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>Balance <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _a\"></span>derivan<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>dal <span class=\"_ _b\"></span>nuov<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>Piano <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Pe<span class=\"_ _1\"></span>rforma<span class=\"_ _1\"></span>nce<span class=\"_ _41\"> </span>(RP4), che <span class=\"_ _4\"></span>ha avut<span class=\"_ _1\"></span>o decorrenz<span class=\"_ _1\"></span>a dal <span class=\"_ _4\"></span>1\u00b0 <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ennaio 2025, <span class=\"_ _4\"></span>e che ha <span class=\"_ _4\"></span>vis<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>l\u2019inse<span class=\"_ _1\"></span>rimento a performance del<span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ex<span class=\"_ _41\"> </span>terz<span class=\"_ _1\"></span>a f<span class=\"_ _1\"></span>ascia <span class=\"_ _1\"></span>di t<span class=\"_ _1\"></span>ariff<span class=\"_ _1\"></span>azione di<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>erminale (<span class=\"_ _1\"></span>nuova <span class=\"_ _1\"></span>zona<span class=\"_ _1\"></span> 2) <span class=\"_ _1\"></span>assoggett<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> fino <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>2024 ad<span class=\"_ _1\"></span> uno<span class=\"_ _1\"></span> schema <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tivo<span class=\"_ _41\"> </span>nazionale che pr<span class=\"_ _1\"></span>evedev<span class=\"_ _1\"></span>a la det<span class=\"_ _1\"></span>erminazione del Balance<span class=\"_ _1\"></span> secondo una logic<span class=\"_ _1\"></span>a di cos<span class=\"_ _1\"></span>t rec<span class=\"_ _1\"></span>overy<span class=\"_ _6\"></span>. I <span class=\"_ _9\"> </span>ric<span class=\"_ _1\"></span>avi <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>oper<span class=\"_ _1\"></span>ativa, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>dell\u201911,2% <span class=\"_ _9\"> </span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>sia <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>ricavi <span class=\"_ _b\"></span>da <span class=\"_ _9\"> </span>cor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>business del<span class=\"_ _1\"></span>la Capogruppo,<span class=\"_ _1\"></span> per il positivo andamen<span class=\"_ _1\"></span>to del tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo assis<span class=\"_ _1\"></span>tito, che<span class=\"_ _1\"></span> si attes<span class=\"_ _1\"></span>tano a 1.121<span class=\"_ _41\"> </span>milioni di euro in incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>114,9 milioni di euro<span class=\"_ _1\"></span>, rispetto all\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024, che per le attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>volte<span class=\"_ _41\"> </span>sul merc<span class=\"_ _1\"></span>ato no<span class=\"_ _1\"></span>n regolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o in aumento<span class=\"_ _1\"></span> del 5,8% rispett<span class=\"_ _1\"></span>o all\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o precedent<span class=\"_ _1\"></span>e<span class=\"lsf\">. </span>Le t<span class=\"_ _1\"></span>abelle di<span class=\"_ _1\"></span> seguito <span class=\"_ _1\"></span>riporta<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>mostra<span class=\"_ _1\"></span>no il de<span class=\"_ _1\"></span>ttaglio <span class=\"_ _1\"></span>delle sin<span class=\"_ _1\"></span>gole voci<span class=\"_ _1\"></span> che c<span class=\"_ _1\"></span>ompongono <span class=\"_ _1\"></span>i rica<span class=\"_ _1\"></span>vi da <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>atti<span class=\"_ _41\"> </span>con <span class=\"_ _a\"></span>i <span class=\"_ _b\"></span>clienti <span class=\"_ _a\"></span>oltre <span class=\"_ _a\"></span>alla <span class=\"_ _b\"></span>disag<span class=\"_ _4\"></span>gr<span class=\"_ _1\"></span>eg<span class=\"_ _1\"></span>azione <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>essi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>natura <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>tipo <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>quanto<span class=\"_ _41\"> </span>richies<span class=\"_ _1\"></span>to dal principio IFR<span class=\"_ _1\"></span>S 15.<table class=\"s w38c h738\" id=\"_4f638285-feb8-4330-9750-20e77c655787\"><tr><td></td><td class=\"c x290 y1652 w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1652 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1652 w4d h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1652 w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1653 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i rotta<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1653 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">846.008<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1653 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">732.228<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1653 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">113.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1653 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1654 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1654 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">262.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1654 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">263.029<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1654 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.024)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1654 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1655 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di r<span class=\"_ _1\"></span>otta e di terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1655 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.982<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1655 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.880<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1655 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.102<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1655 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1656 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>a mercat<span class=\"_ _1\"></span>o non regolamentat<span class=\"_ _1\"></span>o<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1656 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">52.117<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1656 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">49.272<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1656 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.845<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1656 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1657 w1cf h31\"><div class=\"t m0 x5f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale Rica<span class=\"_ _1\"></span>vi da attivit\u00e0 oper<span class=\"_ _1\"></span>ativa<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1657 w4d h31\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.173.112<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1657 w4c h31\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.055.409<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1657 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">117.703<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1657 w4c h31\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">11,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1658 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1658 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(190.401)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1658 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(55.657)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1658 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(134.744)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1658 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1659 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi da contra<span class=\"_ _1\"></span>tti con i clienti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1659 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">982.711<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1659 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">999.752<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1659 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(17.041)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1659 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-1,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y165a w4e h2c\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Ricavi di rott<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>Ricav<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>co<span class=\"_ _1\"></span>mmerciali <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>8<span class=\"_ _4\"></span>4<span class=\"_ _1\"></span>6<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span> <span class=\"_ _a\"></span><span class=\"ls2\">in</span> <span class=\"_ _b\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>113,8 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> al <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>e maggi<span class=\"_ _1\"></span>ori unit<span class=\"_ _1\"></span>\u00e0 di<span class=\"_ _1\"></span> servizio <span class=\"_ _1\"></span>svil<span class=\"_ _1\"></span>uppate<span class=\"_ _1\"></span> nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio che<span class=\"_ _1\"></span> si <span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>ano a <span class=\"_ _1\"></span>+5,9% (+<span class=\"_ _1\"></span>10,7<span class=\"ls18\">%<span class=\"_ _41\"> </span></span>2024 <span class=\"_ _4\"></span><span class=\"ls5d\">vs<span class=\"_ _4\"></span></span> <span class=\"_ _4\"></span>2023) <span class=\"_ _4\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>particolar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>aereo <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>ernazionale <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sorvolo <span class=\"_ _5\"></span>che <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>tre<span class=\"_ _1\"></span>nd in cr<span class=\"_ _1\"></span>escita pe<span class=\"_ _1\"></span>r tutto <span class=\"_ _1\"></span>il 2025<span class=\"lsf\">, </span>e <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>maggiore t<span class=\"_ _1\"></span>ariffa<span class=\"_ _1\"></span> applica<span class=\"_ _1\"></span>ta che <span class=\"_ _1\"></span>recepisce <span class=\"_ _1\"></span>il r<span class=\"_ _1\"></span>ecupero <span class=\"_ _1\"></span>dei balance<span class=\"_ _41\"> </span>iscritti <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span><span class=\"ff8\">combi<span class=\"_ _1\"></span>ned <span class=\"_ _b\"></span>period<span class=\"ff2\"> <span class=\"_ _b\"></span>2020-2021 <span class=\"_ _a\"></span>attes<span class=\"_ _1\"></span>tandosi <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>74,94 <span class=\"_ _b\"></span>(euro <span class=\"_ _a\"></span>68,77 <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>2024<span class=\"_ _4\"></span>), <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>che <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>i<span class=\"_ _41\"> </span></span></span>riduce dello 0,<span class=\"_ _1\"></span>9% se si consider<span class=\"_ _1\"></span>a la sola tari<span class=\"_ _1\"></span>ffa al ne<span class=\"_ _1\"></span>tto dei balance<span class=\"_ _1\"></span>. Consider<span class=\"_ _1\"></span>ando <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>ricavi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>otta <span class=\"_ _1\"></span>anche <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span> la <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>omponente <span class=\"_ _6\"></span>dei v<span class=\"_ _1\"></span>oli e<span class=\"_ _1\"></span>senti, <span class=\"_ _1\"></span><span class=\"ls10\">in<span class=\"ls0\"> </span>in<span class=\"ls0\">cr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di 1,<span class=\"_ _1\"></span>6 mil<span class=\"_ _1\"></span>ioni di <span class=\"_ _1\"></span>eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span></span></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _4\"></span>2024, per <span class=\"_ _5\"></span>le <span class=\"_ _4\"></span>maggiori <span class=\"_ _4\"></span>unit\u00e0 di <span class=\"_ _4\"></span>servizio <span class=\"_ _4\"></span>svil<span class=\"_ _1\"></span>uppate <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>+9,6% <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>deriva<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>dalla <span class=\"_ _9\"> </span>tar<span class=\"_ _1\"></span>iffa <span class=\"_ _9\"> </span>applic<span class=\"_ _1\"></span>ata <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>la <span class=\"_ _9\"> </span>compone<span class=\"_ _1\"></span>nte <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>ttificativ<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>per <span class=\"_ _10\"> </span>Balance<span class=\"_ _1\"></span>, <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>r<span class=\"_ _1\"></span>otta <span class=\"_ _9\"> </span>si<span class=\"_ _41\"> </span>att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omplessivament<span class=\"_ _1\"></span>e a 70<span class=\"_ _4\"></span>7,1 milioni di euro<span class=\"_ _1\"></span>, in <span class=\"_ _4\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>ero incremen<span class=\"_ _1\"></span>to per 1<span class=\"_ _4\"></span>,2 milioni di euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>me<span class=\"_ _41\"> </span>di seguito r<span class=\"_ _1\"></span>appr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span>to:<div class=\"gs12\"><table class=\"s w38c h739\" id=\"_9c751206-9296-4df4-840f-78c8195b36ba\"><tr><td></td><td></td><td class=\"c x290 y165b w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y165b w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y165b w26 h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165b w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165c w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i rotta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165c w4d h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">846.008<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165c w4c h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">732.228<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165c w26 h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">113.780<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165c w4c h2c\"><div class=\"t m0 x66 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">15,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di r<span class=\"_ _1\"></span>otta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165d w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.060<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165d w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.410<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165d w26 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.650<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165d w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x233 y165e w1cf h2c\"><div class=\"t m0 xd9 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ricavi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y165e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">856.068<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165e w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">740.638<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165e w26 h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">115.430<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165e w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y165f w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance dell'anno di r<span class=\"_ _1\"></span>otta<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y165f w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.943<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y165f w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">50.195<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y165f w26 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(44.252)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y165f w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-88,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1660 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione balance dell'anno<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1660 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.569)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1660 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.143)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1660 w26 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(426)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1660 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1661 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione balance<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1661 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.836<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1661 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.442)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1661 w26 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.278<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1661 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1662 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Utilizzo balan<span class=\"_ _1\"></span>ce di rotta n-2<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1662 w4d h2c\"><div class=\"t m0 x51 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(164.141)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1662 w4c h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(80.319)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1662 w26 h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(83.822)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1662 w4c h2c\"><div class=\"t m0 x37 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td class=\"c x233 y1663 w1cf h2c\"><div class=\"t m0 x3f h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ba<span class=\"_ _4\"></span>lance<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1663 w4d h2c\"><div class=\"t m0 x51 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(148.931)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1663 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(34.709)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1663 w26 h2c\"><div class=\"t m0 x51 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(114.222)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1663 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1664 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi di rotta con balance<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x290 y1664 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">707.137<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1664 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">705.929<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1664 w26 h31\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.208<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1664 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x292 y1665 w203 h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div><div class=\"c w2 h0 gs13\"><div class=\"t m0 x3 h4 yf09 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 y100 ff2 fs1 fc0 sc0 ls0 ws0\">Il balance <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _4\"></span>di rott<span class=\"_ _1\"></span>a incide <span class=\"_ _4\"></span>per positivi 5<span class=\"_ _4\"></span>.94<span class=\"_ _1\"></span>3 <span class=\"_ _4\"></span>migliai<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>una variazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativa di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y16a ff2 fs1 fc0 sc0 ls0 ws0\">44.252 <span class=\"_ _9\"> </span>migliaia <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _9\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>prece<span class=\"_ _1\"></span>dent<span class=\"_ _1\"></span>e, <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>seguito <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>diver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>impatto <span class=\"_ _9\"> </span>gene<span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>dai<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf0a ff2 fs1 fc0 sc0 ls0 ws0\">Balance <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>due <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>front<span class=\"_ _1\"></span>o. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>particolare<span class=\"_ _1\"></span>, ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio <span class=\"_ _1\"></span>202<span class=\"_ _1\"></span>5 non<span class=\"_ _1\"></span> \u00e8<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>merso <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>rischio<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf0b ff2 fs1 fc0 sc0 ls0 ws0\">tra<span class=\"_ _1\"></span>ffico <span class=\"_ _1\"></span>av<span class=\"_ _1\"></span>endo <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>seguito <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>consuntivo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>servizio <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1c\"></span>-0,24%, <span class=\"_ _1\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>pianific<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>Piano<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf0c ff2 fs1 fc0 sc0 ls0 ws0\">di Pe<span class=\"_ _1\"></span>rforma<span class=\"_ _1\"></span>nce, dove ne<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>esercizio 20<span class=\"_ _1\"></span>24 tale bal<span class=\"_ _1\"></span>ance in re<span class=\"_ _1\"></span>stituzione ai<span class=\"_ _1\"></span> vettori a<span class=\"_ _1\"></span>mmont<span class=\"_ _1\"></span>ava a<span class=\"_ _1\"></span> nega<span class=\"_ _1\"></span>tivi 10,5<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf0d ff2 fs1 fc0 sc0 ls0 ws0\">milioni <span class=\"_ _4\"></span>di euro. <span class=\"_ _4\"></span>I<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>balance <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>flazione <span class=\"_ _4\"></span>\u00e8 ris<span class=\"_ _4\"></span>ult<span class=\"_ _1\"></span>ato pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>neg<span class=\"_ _1\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>3,7 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>erminato sulla <span class=\"_ _4\"></span>base<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ya7c ff2 fs1 fc0 sc0 ls0 ws0\">del <span class=\"_ _b\"></span>dato <span class=\"_ _b\"></span>pubblicat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>da <span class=\"_ _b\"></span>Eur<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>at <span class=\"_ _b\"> </span>a <span class=\"_ _9\"> </span>f<span class=\"_ _1\"></span>ebbraio <span class=\"_ _b\"></span>2026 <span class=\"_ _b\"></span>(+1,60<span class=\"_ _4\"></span>%) <span class=\"_ _b\"></span>mentr<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onfron<span class=\"_ _1\"></span>to <span class=\"_ _b\"> </span>recepiv<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ya7d ff2 fs1 fc0 sc0 ls0 ws0\">balance <span class=\"_ _7\"> </span>lega<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>all\u2019incr<span class=\"_ _1\"></span>emento <span class=\"_ _7\"> </span>inflattivo <span class=\"_ _7\"> </span>per <span class=\"_ _7\"> </span>un <span class=\"_ _12\"> </span>valor<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>positivo <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>55 <span class=\"_ _7\"> </span>milioni <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>euro. <span class=\"_ _7\"> </span>Nel <span class=\"_ _12\"> </span>2025 <span class=\"_ _12\"> </span>la<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 yf0e ff2 fs1 fc0 sc0 ls0 ws0\">Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>grazi<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>agli <span class=\"_ _5\"></span>int<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>messi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>atto<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha <span class=\"_ _4\"></span>raggiunt<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>tar<span class=\"_ _1\"></span>get <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span><span class=\"ff8\">capacity <span class=\"_ _4\"></span></span>di <span class=\"_ _5\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>0,010<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 yf0f ff2 fs1 fc0 sc0 ls0 ws0\">minuti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>rit<span class=\"_ _1\"></span>ardo <span class=\"_ _4\"></span>per volo <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>molto <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sott<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispetto <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>arge<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>fissato <span class=\"_ _4\"></span>dall<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Commissione <span class=\"_ _4\"></span>Eur<span class=\"_ _1\"></span>opea<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf10 ff2 fs1 fc0 sc0 ls0 ws0\">pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>0,14 <span class=\"_ _4\"></span>minuti <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>volo <span class=\"_ _4\"></span>assistit<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>permett<span class=\"_ _1\"></span>endo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>iscriver<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>bonus <span class=\"_ _4\"></span><span class=\"ff8\">capacity</span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>12,9 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf11 ff2 fs1 fc0 sc0 ls0 ws0\">bonus non pr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio a confr<span class=\"_ _1\"></span>onto. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf12 ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _9\"> </span>voce <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>ariazione <span class=\"_ _9\"> </span>bala<span class=\"_ _1\"></span>nce, <span class=\"_ _9\"> </span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>positivi <span class=\"_ _9\"> </span>11,8 <span class=\"_ _9\"> </span>mil<span class=\"_ _1\"></span>ioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>eur<span class=\"_ _1\"></span>o, <span class=\"_ _9\"> </span>acc<span class=\"_ _1\"></span>oglie <span class=\"_ _9\"> </span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>delt<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>cos<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> </div><div class=\"t m0 x3 h4 y50b ff2 fs1 fc0 sc0 ls0 ws0\">Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol rif<span class=\"_ _1\"></span>erito al<span class=\"_ _1\"></span> 2024 qual<span class=\"_ _1\"></span>e dat<span class=\"_ _1\"></span>o consun<span class=\"_ _1\"></span>tivo che <span class=\"_ _1\"></span>determina <span class=\"_ _1\"></span>un importo <span class=\"_ _1\"></span>in r<span class=\"_ _1\"></span>estituzione di 3<span class=\"_ _1\"></span>,3 milioni<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y10e ff2 fs1 fc0 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span> rispe<span class=\"_ _1\"></span>tto <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>quanto <span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>nserito <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Balance <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span><span class=\"ff8\">write <span class=\"_ _6\"></span>off<span class=\"ff2\"> di <span class=\"_ _6\"></span>rotta<span class=\"_ _1\"></span> e<span class=\"_ _1\"></span>mersi <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>ec<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>terz<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></span></span><span class=\"ff8\"><span class=\"ff2\"> </span></span></div><div class=\"t m0 x3 h4 yf13 ff8 fs1 fc0 sc0 ls0 ws0\">Ref<span class=\"_ _1\"></span>erence P<span class=\"_ _1\"></span>eriod<span class=\"ff2\"> per <span class=\"_ _1\"></span>17,9 milioni <span class=\"_ _1\"></span>di euro<span class=\"_ _1\"></span>, iscritt<span class=\"_ _1\"></span>o in con<span class=\"_ _1\"></span>formit\u00e0 <span class=\"_ _1\"></span>alle indic<span class=\"_ _1\"></span>azioni f<span class=\"_ _1\"></span>ornite <span class=\"_ _1\"></span>dal regola<span class=\"_ _1\"></span>tore <span class=\"_ _1\"></span>oltre<span class=\"_ _41\"> </span></span><span class=\"ff2\"> </span></div><div class=\"t m0 x3 h4 yf14 ff2 fs1 fc0 sc0 ls0 ws0\">ad aggiust<span class=\"_ _1\"></span>amenti di alcuni bal<span class=\"_ _1\"></span>ance iscritti nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio preceden<span class=\"_ _1\"></span>te, in conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _1\"></span>alle richies<span class=\"_ _1\"></span>te di ENAC e<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf15 ff2 fs1 fc0 sc0 ls0 ws0\">della Commissione E<span class=\"_ _1\"></span>uropea<span class=\"_ _1\"></span>. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf16 ff2 fs1 fc0 sc0 ls0 ws0\">I balance <span class=\"_ _4\"></span>iscritti nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>sono sta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttualizz<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>in un arc<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>tempor<span class=\"_ _1\"></span>ale coeren<span class=\"_ _1\"></span>te con <span class=\"_ _4\"></span>i Regol<span class=\"_ _1\"></span>amenti UE,<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf17 ff2 fs1 fc0 sc0 ls0 ws0\">mentr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>la voce <span class=\"_ _4\"></span>utilizz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>balance di <span class=\"_ _4\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>n-2 <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _4\"></span>inseriti <span class=\"_ _4\"></span>in tariffa<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>riguar<span class=\"_ _1\"></span>danti s<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf18 ff2 fs1 fc0 sc0 ls0 ws0\">terz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>quota <span class=\"_ _9\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>balance <span class=\"_ _b\"></span>iscritti <span class=\"_ _9\"> </span>ne<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>biennio <span class=\"_ _b\"></span>2020-2021 <span class=\"_ _b\"> </span>recuper<span class=\"_ _1\"></span>abile <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>quote <span class=\"_ _b\"></span>cos<span class=\"_ _1\"></span>tanti <span class=\"_ _b\"></span>in <span class=\"_ _9\"> </span>5 <span class=\"_ _b\"></span>anni, <span class=\"_ _b\"></span>che <span class=\"_ _9\"> </span>i<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y28c ff2 fs1 fc0 sc0 ls0 ws0\">balance iscritti nel 2023 con rigir<span class=\"_ _1\"></span>o nell\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un va<span class=\"_ _1\"></span>lore comples<span class=\"_ _1\"></span>sivo pari a neg<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>164,1 milioni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 y28d ff2 fs1 fc0 sc0 ls0 ws0\">euro. <span class=\"_ _1\"></span><span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf19 ff3 fs1 fc3 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h14 yf1a ff8 fs1 fc3 sc0 ls0 ws0\">Ricavi di t<span class=\"_ _1\"></span>erminale<span class=\"_ _41\"> </span><span class=\"ffd\"> </span></div><div class=\"t m0 x3 h4 yf1b ff2 fs1 fc0 sc0 ls0 ws0\">I <span class=\"_ _9\"> </span>Ricavi<span class=\"_ _1\"></span>  di <span class=\"_ _9\"> </span>te<span class=\"_ _1\"></span>rminale <span class=\"_ _10\"> </span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _9\"> </span>ammontano <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>26<span class=\"_ _4\"></span>2 <span class=\"_ _9\"> </span>milioni <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>euro<span class=\"_ _1\"></span>  t<span class=\"_ _1\"></span>endenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>stabil<span class=\"_ _1\"></span>i <span class=\"_ _10\"> </span>(-0,4%)<span class=\"lse\">,<span class=\"_ _41\"> </span></span><span class=\"lse\"> </span></div><div class=\"t m0 x3 h4 yf1c ff2 fs1 fc0 sc0 ls0 ws0\">rispetto <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>andament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>p<span class=\"_ _1\"></span>ositivo <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>viluppat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>sui <span class=\"_ _9\"> </span>sing<span class=\"_ _1\"></span>oli<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf1d ff2 fs1 fc0 sc0 ls0 ws0\">aer<span class=\"_ _1\"></span>oporti <span class=\"_ _1\"></span>distinti <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>zo<span class=\"_ _1\"></span>ne <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>complessiv<span class=\"_ _1\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>attes<span class=\"_ _1\"></span>ta<span class=\"ls11\">no</span> <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+3,4% <span class=\"_ _1\"></span>(+9,9% <span class=\"_ _6\"></span>2024 <span class=\"_ _1\"></span><span class=\"ls5c\">vs<span class=\"ls0\"> <span class=\"_ _1\"></span>2023<span class=\"ls1c\">)<span class=\"_ _41\"> </span></span></span></span><span class=\"ls5c\"><span class=\"ls0\"><span class=\"ls1c\"> </span></span></span></div><div class=\"t m0 x3 h4 yf1e ff2 fs1 fc0 sc0 ls0 ws0\">pur <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>presenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dell\u2019<span class=\"_ _6\"></span>anda<span class=\"_ _1\"></span>mento <span class=\"_ _a\"></span>nega<span class=\"_ _1\"></span>tivo <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _b\"></span>nazionale <span class=\"_ _a\"></span>che <span class=\"_ _b\"></span>chiude <span class=\"_ _b\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>a <span class=\"_ _11\"></span>-2,7%, <span class=\"_ _b\"></span>in<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y206 ff2 fs1 fc0 sc0 ls0 ws0\">termini di u<span class=\"_ _1\"></span>nit\u00e0 di servizio ri<span class=\"_ _1\"></span>spetto al 2024. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf1f ff2 fs1 fc0 sc0 ls0 ws0\">A <span class=\"_ _4\"></span>decorrer<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dal <span class=\"_ _5\"></span>mese <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>gennaio <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>erformance<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>rife<span class=\"_ _1\"></span>rito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>nuovo <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>reg<span class=\"_ _1\"></span>olatorio<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y295 ff2 fs1 fc0 sc0 ls0 ws0\">2025-2029, <span class=\"_ _b\"></span>le <span class=\"_ _9\"> </span>z<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ariffazione <span class=\"_ _b\"></span>di <span class=\"_ _b\"> </span>terminale <span class=\"_ _b\"></span>sono <span class=\"_ _9\"> </span>dive<span class=\"_ _1\"></span>ntat<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>du<span class=\"_ _4\"></span>e <span class=\"_ _b\"></span>rispetto <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>z<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>periodo<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y296 ff2 fs1 fc0 sc0 ls0 ws0\">re<span class=\"_ _1\"></span>golatorio pre<span class=\"_ _1\"></span>cedente e co<span class=\"_ _1\"></span>mprendono tutti gli aer<span class=\"_ _1\"></span>oporti, superan<span class=\"_ _1\"></span>do lo schema di regola<span class=\"_ _1\"></span>zione nazionale<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y2cc ff2 fs1 fc0 sc0 ls0 ws0\">applica<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>alla <span class=\"_ _a\"></span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>terz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>ascia <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>opera<span class=\"_ _1\"></span>va <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _a\"></span>ma <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>una<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 y2cd ff2 fs1 fc0 sc0 ls0 ws0\">logica<span class=\"_ _1\"></span> di cost r<span class=\"_ _1\"></span>ecovery e ch<span class=\"_ _1\"></span>e ora r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>ta la nu<span class=\"_ _1\"></span>ova z<span class=\"_ _1\"></span>ona 2 di ta<span class=\"_ _1\"></span>riffazione.<span class=\"_ _41\"> </span><span class=\"ff3\"> </span></div></div>La <span class=\"ff8\">prima zona di t<span class=\"_ _1\"></span>ariffazion<span class=\"_ _1\"></span>e<span class=\"ff2\">,<span class=\"_ _4\"></span> r<span class=\"_ _1\"></span>appresen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a ora dalla pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e zona 1 e zo<span class=\"_ _1\"></span>na 2, \u00e8 <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>agl<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>roporti<span class=\"_ _41\"> </span></span></span>di <span class=\"_ _1\"></span>R<span class=\"_ _1\"></span>oma <span class=\"_ _1\"></span>Fiumicino<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>Milano <span class=\"_ _1\"></span>Malpensa, <span class=\"_ _6\"></span>Milano <span class=\"_ _6\"></span>Linate, <span class=\"_ _6\"></span>V<span class=\"_ _1\"></span>enezia <span class=\"_ _6\"></span>T<span class=\"_ _6\"></span>esser<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>Berg<span class=\"_ _1\"></span>amo <span class=\"_ _1\"></span>Orio <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>Serio, <span class=\"_ _6\"></span>ha <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ato<span class=\"_ _41\"> </span>un <span class=\"_ _1\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>traffico <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ereo <span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>tito, <span class=\"_ _1\"></span>espre<span class=\"_ _1\"></span>sso in <span class=\"_ _1\"></span>uni<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>di se<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>vizio<span class=\"_ _1\"></span>, del<span class=\"_ _1\"></span> +2,5% <span class=\"_ _1\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>al c<span class=\"_ _1\"></span>orrispondente<span class=\"_ _41\"> </span>periodo dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2024 (+12,5% 202<span class=\"_ _1\"></span>4 vs 2023) co<span class=\"_ _1\"></span>n risultati<span class=\"_ _1\"></span> positivi per il tr<span class=\"_ _1\"></span>affico ae<span class=\"_ _1\"></span>reo int<span class=\"_ _1\"></span>ernazionale<span class=\"_ _41\"> </span>che <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>compensat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>termini <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>unit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>servizio, <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>andamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>nega<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _5\"></span>nazionale <span class=\"_ _5\"></span>(-<span class=\"_ _41\"> </span>6,7% <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>UdS). <span class=\"_ _a\"></span>La <span class=\"_ _a\"></span>tari<span class=\"_ _1\"></span>ffa <span class=\"_ _a\"></span>applic<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>20<span class=\"_ _4\"></span>25 <span class=\"_ _a\"></span>ammo<span class=\"_ _1\"></span>nta <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>183,94, <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>riduzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>media <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>circ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>10%<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> alla t<span class=\"_ _1\"></span>ariffa <span class=\"_ _1\"></span>2024 seb<span class=\"_ _1\"></span>bene non sia <span class=\"_ _1\"></span>dirett<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>compar<span class=\"_ _1\"></span>abile in <span class=\"_ _1\"></span>quanto v<span class=\"_ _1\"></span>i er<span class=\"_ _1\"></span>ano due <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>e dis<span class=\"_ _1\"></span>tinte<span class=\"_ _41\"> </span>per la z<span class=\"_ _1\"></span>ona 1 <span class=\"ls13\">e </span>la z<span class=\"_ _1\"></span>ona 2. La <span class=\"ff8\">seconda zona di tariffazi<span class=\"_ _1\"></span>one<span class=\"lsf\">, <span class=\"_ _4\"></span></span><span class=\"ff2\">che<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>accogli<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>gli aeropo<span class=\"_ _1\"></span>rti <span class=\"_ _4\"></span>inclusi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nella prece<span class=\"_ _1\"></span>dente z<span class=\"_ _1\"></span>ona 3<span class=\"_ _4\"></span>, comprende<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>40<span class=\"_ _41\"> </span></span></span>aer<span class=\"_ _1\"></span>oporti a <span class=\"_ _1\"></span>medio e <span class=\"_ _1\"></span>basso t<span class=\"_ _1\"></span>raffico <span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>egis<span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>un maggior v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>traffic<span class=\"_ _1\"></span>o aer<span class=\"_ _1\"></span>eo ges<span class=\"_ _1\"></span>tito<span class=\"_ _1\"></span>, espr<span class=\"_ _1\"></span>esso in <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _41\"> </span>di <span class=\"_ _a\"></span>servizio, <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>+4,2%, <span class=\"_ _a\"></span>rispetto <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>corrisponden<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>periodo <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>(+6,6% <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>vs <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>023)<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rito<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>ternazionale. La tariff<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del 2025 si attes<span class=\"_ _1\"></span>ta a <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o 339,52 in <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>rispetto <span class=\"_ _a\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>tariffa <span class=\"_ _5\"></span>applica<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>2024 <span class=\"_ _a\"></span>che <span class=\"_ _a\"></span>era<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>pari <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>euro <span class=\"_ _a\"></span>332,27 <span class=\"_ _5\"></span>esclusivamen<span class=\"_ _1\"></span>te <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>re<span class=\"_ _1\"></span>cupero <span class=\"_ _a\"></span>della<span class=\"_ _41\"> </span>quota <span class=\"_ _1\"></span>balance inserita i<span class=\"_ _1\"></span>n tariff<span class=\"_ _1\"></span>a. Inf<span class=\"_ _1\"></span>atti, la t<span class=\"_ _1\"></span>ariffa al n<span class=\"_ _1\"></span>etto del balance pre<span class=\"_ _1\"></span>senta <span class=\"_ _1\"></span>una riduzione del 3,5%<span class=\"_ _1\"></span>. Consider<span class=\"_ _1\"></span>ando <span class=\"_ _9\"> </span>i <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>terminale <span class=\"_ _9\"> </span>co<span class=\"_ _1\"></span>ngiunta<span class=\"_ _1\"></span>mente <span class=\"_ _9\"> </span>ai <span class=\"_ _9\"> </span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>voli<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>esenti, <span class=\"_ _9\"> </span>in <span class=\"_ _10\"> </span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>18,3%<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ecedente, <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>le <span class=\"_ _b\"></span>maggiori <span class=\"_ _9\"> </span>u<span class=\"_ _1\"></span>nit\u00e0 <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>servizio <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>merse <span class=\"_ _b\"></span>nell\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _9\"> </span>(+16,1%), <span class=\"_ _9\"> </span>e <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ettifica<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _4\"></span>Balance, i <span class=\"_ _4\"></span>ricavi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>erminale si <span class=\"_ _4\"></span>atte<span class=\"_ _1\"></span>stano complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>223,5 <span class=\"_ _4\"></span>milioni<span class=\"_ _41\"> </span>di euro<span class=\"_ _1\"></span>, in riduzione di <span class=\"_ _1\"></span>21,1 milioni di eur<span class=\"_ _1\"></span>o, c<span class=\"_ _1\"></span>ome di seguit<span class=\"_ _1\"></span>o rappre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>to:<table class=\"s w38d h73a\" id=\"_53094391-96e8-4c04-9542-1aa140b50f22\"><tr><td></td><td class=\"c x2f1 y1666 w4d h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1666 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1666 w4d h2c\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1666 w4c h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1667 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi d<span class=\"_ _1\"></span>i terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1667 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">262.005<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1667 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">263.029<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1667 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.024)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1667 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1668 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Esenzioni di terminale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1668 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.922<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1668 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.470<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1668 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">452<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1668 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1669 w1cf h2c\"><div class=\"t m0 xd9 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ricavi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1669 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">264.927<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1669 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">265.499<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1669 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(572)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1669 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Balance dell'anno di t<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>rmin<span class=\"_ _1\"></span>al<span class=\"_ _4\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166a w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.905<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166a w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.766<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.861)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166a w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-39,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166b w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttualizzazione balance dell'anno<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166b w4d h31\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(101)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166b w4c h31\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(207)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166b w4d h31\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">106<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y166b w4c h31\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-51,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166c w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166c w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(699)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166c w4c h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(876)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166c w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">177<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y166c w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-20,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utilizzo balan<span class=\"_ _1\"></span>ce di terminale n-2<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(43.575)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166d w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(24.631)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(18.944)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166d w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">76,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166e w1cf h2c\"><div class=\"t m0 x3f h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Subtot<span class=\"_ _1\"></span>ale ba<span class=\"_ _4\"></span>lance<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(41.470)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y166e w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(20.948)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y166e w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">(20.522)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166e w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">98,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y166f w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi di terminale con balance<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y166f w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">223.457<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y166f w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">244.551<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y166f w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(21.094)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y166f w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-8,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y1670 w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il balance dell\u2019<span class=\"_ _6\"></span>anno di termi<span class=\"_ _1\"></span>nale incide positivamen<span class=\"_ _1\"></span>te per 2.905 migliaia di euro e r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a una <span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>ariazione<span class=\"_ _41\"> </span>neg<span class=\"_ _1\"></span>ativa <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>1.<span class=\"_ _1\"></span>861 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispetto <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>cedente<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>seguito<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>principalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>balance<span class=\"_ _41\"> </span>per <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>emer<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>entr<span class=\"_ _1\"></span>ambe <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tariff<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mplessivi <span class=\"_ _4\"></span>3 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>euro<span class=\"lse\">,<span class=\"_ _41\"> </span></span>ave<span class=\"_ _1\"></span>ndo <span class=\"_ _1\"></span>gener<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>minori <span class=\"_ _6\"></span>unit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>servizio <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>consunti<span class=\"_ _1\"></span>vo <span class=\"_ _1\"></span>rispetto <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>pianific<span class=\"_ _1\"></span>ato <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>piano <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>perf<span class=\"_ _1\"></span>ormance,<span class=\"_ _41\"> </span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span> <span class=\"_ _11\"></span>-2,82<span class=\"ls19\">% <span class=\"_ _5\"></span></span>per <span class=\"_ _a\"></span>la <span class=\"_ _4\"></span>prima <span class=\"_ _5\"></span>zona <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>tariffa<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span> <span class=\"_ _11\"></span>-4,2<span class=\"ls18\">% <span class=\"_ _5\"></span></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>seconda <span class=\"_ _5\"></span>z<span class=\"_ _1\"></span>ona <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>t<span class=\"_ _1\"></span>ariffazi<span class=\"_ _1\"></span>one. <span class=\"_ _a\"></span>L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>eserci<span class=\"_ _1\"></span>zio <span class=\"_ _a\"></span>a<span class=\"_ _41\"> </span>conf<span class=\"_ _1\"></span>ront<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>comprende<span class=\"_ _1\"></span>va <span class=\"_ _12\"> </span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _7\"> </span>il <span class=\"_ _12\"> </span>balance <span class=\"_ _12\"> </span>da <span class=\"_ _12\"> </span>rischio <span class=\"_ _12\"> </span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _7\"> </span>in <span class=\"_ _12\"> </span>res<span class=\"_ _1\"></span>tituzione <span class=\"_ _12\"> </span>ai <span class=\"_ _7\"> </span>vettori <span class=\"_ _12\"> </span>per<span class=\"_ _41\"> </span>comples<span class=\"_ _1\"></span>sivi 4,3 <span class=\"_ _4\"></span>milioni di eur<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e il balance neg<span class=\"_ _1\"></span>ativo de<span class=\"_ _1\"></span>termina<span class=\"_ _1\"></span>to secondo una logica<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di cos<span class=\"_ _1\"></span>t recov<span class=\"_ _1\"></span>ery per<span class=\"_ _41\"> </span>la ex te<span class=\"_ _1\"></span>rza zona di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ariffazio<span class=\"_ _1\"></span>ne per 1,1 <span class=\"_ _4\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o,<span class=\"_ _1\"></span> eff<span class=\"_ _1\"></span>etti <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>almiera<span class=\"_ _1\"></span>ti dall\u2019iscrizione del balance positiv<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>determina<span class=\"_ _1\"></span>to dall\u2019incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o inflattivo per<span class=\"_ _1\"></span> 8,7 milioni di eur<span class=\"_ _1\"></span>o. Sul valor<span class=\"_ _1\"></span>e complessivo<span class=\"_ _1\"></span> dei <span class=\"_ _4\"></span>bala<span class=\"_ _1\"></span>nce <span class=\"_ _4\"></span>di te<span class=\"_ _1\"></span>rminale incide l\u2019<span class=\"_ _1\"></span>utilizzo a cont<span class=\"_ _1\"></span>o economico<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>balance<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>scritti nel<span class=\"_ _41\"> </span>combined peri<span class=\"_ _1\"></span>od<span class=\"ff2\"> <span class=\"_ _4\"></span>2020-2<span class=\"_ _1\"></span>021 <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecuperabil<span class=\"_ _1\"></span>e in qu<span class=\"_ _4\"></span>ot<span class=\"_ _1\"></span>e cos<span class=\"_ _1\"></span>tanti in 5 anni per la prima zona di tariff<span class=\"_ _1\"></span>azione e in<span class=\"_ _41\"> </span></span>7 anni <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>seconda oltr<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>i balance iscritti<span class=\"_ _1\"></span> nei due <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizi pre<span class=\"_ _1\"></span>cedenti ed <span class=\"_ _1\"></span>in recu<span class=\"_ _1\"></span>pero in <span class=\"_ _1\"></span>tariff<span class=\"_ _1\"></span>a nel<span class=\"_ _1\"></span> 2025.  I <span class=\"_ _5\"></span><span class=\"fc3 ls0\">Ricav<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>merca<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>non <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egolamenta<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span><span class=\"fc0\">si <span class=\"_ _5\"></span>attes<span class=\"_ _1\"></span>tano <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span><span class=\"ls6\">52</span>,1 <span class=\"_ _5\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>risulta<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span></span></span>5,8%, <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>pr<span class=\"_ _1\"></span>ecedente<span class=\"_ _1\"></span>, principalmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>seguenti <span class=\"_ _6\"></span>progetti<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2025<span class=\"ls15\">:<span class=\"_ _41\"> </span></span>i) <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>proseguimen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>consulenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>aeronautica<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>per <span class=\"_ _a\"></span>lo <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>viluppo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>piano <span class=\"_ _b\"></span>nazionale <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>navig<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>aere<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Arabi<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>Saudita; <span class=\"_ _a\"></span>ii) <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>avanz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _a\"></span>forni<span class=\"_ _1\"></span>tura, <span class=\"_ _a\"></span>l\u2019insta<span class=\"_ _1\"></span>llazione <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>la<span class=\"_ _41\"> </span>messa in eserci<span class=\"_ _1\"></span>zio di un nuovo r<span class=\"_ _1\"></span>adar per la sorveglia<span class=\"_ _1\"></span>nza del tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo sia in ambito milit<span class=\"_ _1\"></span>are che civ<span class=\"_ _1\"></span>ile<span class=\"_ _41\"> </span>svolt<span class=\"_ _1\"></span>a dall\u2019<span class=\"_ _11\"></span>Aerona<span class=\"_ _1\"></span>utica Mili<span class=\"_ _1\"></span>tare<span class=\"_ _1\"></span> presso la Base aer<span class=\"_ _1\"></span>ea di Sigonell<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span>; iii)<span class=\"_ _1\"></span> le attivit<span class=\"_ _1\"></span>\u00e0 erog<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> a fa<span class=\"_ _1\"></span>vore del cli<span class=\"_ _1\"></span>ente<span class=\"_ _41\"> </span>\u201cEmpre<span class=\"_ _1\"></span>sa Arg<span class=\"_ _1\"></span>entina de <span class=\"_ _1\"></span>Navig<span class=\"_ _1\"></span>acion Aer<span class=\"_ _1\"></span>ea\u201d per il<span class=\"_ _1\"></span> support<span class=\"_ _1\"></span>o nella r<span class=\"_ _1\"></span>evisione di <span class=\"_ _1\"></span>120 ca<span class=\"_ _1\"></span>rtogr<span class=\"_ _1\"></span>afie aer<span class=\"_ _1\"></span>onautiche; iv) <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>progett<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>modernizz<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>del <span class=\"_ _10\"> </span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _9\"> </span>Aeronautic<span class=\"_ _1\"></span>al <span class=\"_ _10\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _9\"> </span>Manag<span class=\"_ _1\"></span>ement <span class=\"_ _9\"> </span>(AIM) <span class=\"_ _10\"> </span>per <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _11\"></span>Air<span class=\"_ _41\"> </span>Navig<span class=\"_ _1\"></span>ation <span class=\"_ _10\"> </span>Service  P<span class=\"_ _1\"></span>rovide<span class=\"_ _1\"></span>r<span class=\"_ _4\"></span>  (<span class=\"_ _1\"></span>ANSP)  Bulg<span class=\"_ _1\"></span>aro;  v)<span class=\"_ _1\"></span>  la  f<span class=\"_ _1\"></span>ornitur<span class=\"_ _1\"></span>a  del  sis<span class=\"_ _1\"></span>tema  AIM <span class=\"_ _10\"> </span>e <span class=\"_ _10\"> </span>rel<span class=\"_ _1\"></span>ativi  servizi <span class=\"_ _10\"> </span>per  la<span class=\"_ _41\"> </span>Re<span class=\"_ _1\"></span>pubblica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Liberia; <span class=\"_ _a\"></span>vi) <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>proge<span class=\"_ _1\"></span>tto <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>aviazione <span class=\"_ _5\"></span>civile <span class=\"_ _5\"></span>rumena <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span><span class=\"ls10\">il</span> <span class=\"_ _a\"></span>\u201c<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>raffic <span class=\"_ _5\"></span>Comple<span class=\"_ _1\"></span>xity<span class=\"_ _4\"></span>\u201d <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>tema<span class=\"_ _41\"> </span>automa<span class=\"_ _1\"></span>tizza<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>per l<span class=\"_ _1\"></span>a g<span class=\"_ _1\"></span>estione<span class=\"_ _1\"></span> ed <span class=\"_ _1\"></span>ottimizz<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>voli <span class=\"_ _1\"></span>all\u2019in<span class=\"_ _1\"></span>terno <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>determina<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>porzioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>spazio <span class=\"_ _1\"></span>aereo<span class=\"_ _41\"> </span>per <span class=\"_ _a\"></span>una <span class=\"_ _b\"></span>pianificazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>pi\u00f9 <span class=\"_ _a\"></span>efficient<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>tra<span class=\"_ _1\"></span>ffico; <span class=\"_ _a\"></span>vii) <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>progett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>\u201cNAIS <span class=\"_ _b\"></span>R<span class=\"_ _1\"></span>eplacement <span class=\"_ _5\"></span>and <span class=\"_ _b\"></span>Swim<span class=\"_ _41\"> </span>Implemen<span class=\"_ _1\"></span>tation\u201d <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019<span class=\"_ _2\"></span>ANSP <span class=\"_ _6\"></span>norvegese; <span class=\"_ _6\"></span>viii) <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span><span class=\"ff8\">Fligh<span class=\"_ _1\"></span>t <span class=\"_ _1\"></span>Proced<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>Design <span class=\"_ _6\"></span>and <span class=\"_ _6\"></span>Airspace <span class=\"_ _6\"></span>Management<span class=\"_ _41\"> </span></span>(FPDAM) <span class=\"_ _1\"></span>per l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>viazione civ<span class=\"_ _1\"></span>ile in T<span class=\"_ _6\"></span>unisia; ix<span class=\"_ _1\"></span>) le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1\"></span>di flight <span class=\"_ _1\"></span>inspection and <span class=\"_ _1\"></span>valida<span class=\"_ _1\"></span>tion in K<span class=\"_ _1\"></span>eny<span class=\"_ _1\"></span>a, R<span class=\"_ _1\"></span>omania<span class=\"_ _41\"> </span>e Cr<span class=\"_ _1\"></span>oazia. Si riporta di <span class=\"_ _4\"></span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>evide<span class=\"_ _1\"></span>nza della disaggreg<span class=\"_ _1\"></span>azione dei <span class=\"_ _4\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _4\"></span>da merc<span class=\"_ _1\"></span>ato non <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egolamen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per tipo di<span class=\"_ _41\"> </span>attivit<span class=\"_ _1\"></span>\u00e0.<table class=\"s w38e h73a\" id=\"_92b3df50-ddba-48d2-b5c5-c7f7b98ccdad\"><tr><td></td><td class=\"c x2f1 y1671 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1671 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1671 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1671 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1672 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Rica<span class=\"_ _1\"></span>vi da mercato non r<span class=\"_ _1\"></span>egolamentato<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x28f y1673 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>endit<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di li<span class=\"_ _1\"></span>ce<span class=\"_ _4\"></span>nz<span class=\"_ _1\"></span>e e prest<span class=\"_ _1\"></span>azioni di servizi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1673 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.905<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1673 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.270<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1673 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">635<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1673 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">2,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1674 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Radiomisure<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1674 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.863<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1674 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.851<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1674 w4d h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">12<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1674 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1675 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Consulenz<span class=\"_ _1\"></span>a aeronautica<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1675 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.479<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1675 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.151<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1675 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">328<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1675 w4c h2c\"><div class=\"t m0 x2a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">4,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1676 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi tecnici e di inge<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>ria<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1676 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.560<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1676 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.192<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1676 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.368<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1676 w4c h2c\"><div class=\"t m0 x66 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">19,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1677 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi per Unmanned Aerial V<span class=\"_ _1\"></span>ehicles<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1677 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">676<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1677 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.147<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1677 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(471)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1677 w4c h2c\"><div class=\"t m0 x32 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">-41,1%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1678 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Formazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1678 w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">183<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y1678 w4c h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">130<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y1678 w4d h2c\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y1678 w4c h2c\"><div class=\"t m0 x66 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">40,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y1679 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y1679 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.451<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y1679 w4c h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.531<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y1679 w4d h31\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(80)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y1679 w4c h31\"><div class=\"t m0 x1db h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">-3,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y167a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi da mercato n<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span>n r<span class=\"_ _1\"></span>egolamentat<span class=\"_ _1\"></span>o<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y167a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">52.117<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y167a w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">49.272<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y167a w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.845<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y167a w4c h2c\"><div class=\"t m0 x2a h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y167b w4e h2c\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "<div class=\"c w2 h0 gs15\"><div class=\"t m0 x3 h4 y10e ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yf13 ff2 fs1 fc3 sc3 ls0 ws0\">26.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altri rica<span class=\"_ _1\"></span>vi e pro<span class=\"_ _1\"></span>venti oper<span class=\"_ _1\"></span>ativi <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf14 ff2 fs1 fc0 sc0 ls0 ws0\">Gli <span class=\"_ _5\"></span>altri <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>prov<span class=\"_ _1\"></span>enti <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>58.355 <span class=\"_ _a\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf15 ff2 fs1 fc0 sc0 ls0 ws0\">9.225 <span class=\"_ _4\"></span>migl<span class=\"_ _1\"></span>iaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>prece<span class=\"_ _1\"></span>dente, pr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>ncipalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i contri<span class=\"_ _1\"></span>buti <span class=\"_ _4\"></span>in conto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>impianti<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf16 ff2 fs1 fc0 sc0 ls0 ws0\">imputa<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>17,6 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>(<span class=\"ls6\">12</span>,1 <span class=\"_ _b\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>2024) <span class=\"_ _a\"></span>commisur<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>agli<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf17 ff2 fs1 fc0 sc0 ls0 ws0\">ammorta<span class=\"_ _1\"></span>menti <span class=\"_ _a\"></span>gener<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>dai <span class=\"_ _a\"></span>cespiti <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>cui <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>con <span class=\"_ _a\"></span>un <span class=\"_ _b\"></span>maggior <span class=\"_ _a\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>agli<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf18 ff2 fs1 fc0 sc0 ls0 ws0\">in<span class=\"_ _1\"></span>vestimenti <span class=\"_ _1\"></span>finanzia<span class=\"_ _1\"></span>ti in a<span class=\"_ _1\"></span>mbito PNRR. <span class=\"_ _1\"></span>La voce<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto acc<span class=\"_ _1\"></span>oglie, inoltr<span class=\"_ _1\"></span>e, il c<span class=\"_ _1\"></span>ontribut<span class=\"_ _1\"></span>o in c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y28c ff2 fs1 fc0 sc0 ls0 ws0\">per <span class=\"lsc\">30<span class=\"_ _4\"></span></span> mili<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o riconosciut<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Capog<span class=\"_ _1\"></span>ruppo ai sensi dell\u2019<span class=\"_ _6\"></span>art. 11 septies della Legge 248/05 al fine<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y28d ff2 fs1 fc0 sc0 ls0 ws0\">di compensa<span class=\"_ _1\"></span>re i cos<span class=\"_ _1\"></span>ti sost<span class=\"_ _1\"></span>enuti per ga<span class=\"_ _1\"></span>rantir<span class=\"_ _1\"></span>e la sicur<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>a dei propri<span class=\"_ _1\"></span> impianti e la si<span class=\"_ _1\"></span>curezz<span class=\"_ _1\"></span>a opera<span class=\"_ _1\"></span>tiva. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf19 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yf1a ff2 fs1 fc0 sc0 ls0 ws0\">Si <span class=\"_ _a\"></span>riporta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>seguito <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>dettaglio <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>composizi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>total<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _a\"></span>per <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>esercizi <span class=\"_ _a\"></span>2025 <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>2024<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf1b ff2 fs1 fc0 sc0 ls0 ws0\">suddivisi per ar<span class=\"_ _1\"></span>ea geogr<span class=\"_ _1\"></span>afica:<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf1c ff3 fs1 fc0 sc0 ls0 ws0\"> </div></div><table class=\"s w38f h73b\" id=\"_32a9eee0-95d4-438d-82d6-0d71040cde56\"><tr><td class=\"c x270 y167c w204 h401\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167c w47 h401\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y167c w48 h401\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">% sui ricav<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y167c w47 h401\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y167c w48 h401\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">% sui ricav<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167d w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Italia<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167d w47 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.002.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167d w48 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">96%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167d w47 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.008.384<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167d w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">96,1%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167e w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls5e ws0\">UE<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f4 y167e w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.593<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167e w48 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">1%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167e w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.501<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167e w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167f w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Extra UE<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167f w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.332<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167f w48 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167f w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167f w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1680 w204 h2c\"><div class=\"t m0 x0 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y1680 w47 h2c\"><div class=\"t m0 x31 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">1.041.066<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2f6 y1680 w47 h2c\"><div class=\"t m0 x31 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">1.048.882<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f6 y1681 w205 h2f\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>38.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Obblighi di tr<span class=\"_ _1\"></span>asparenz<span class=\"_ _1\"></span>a nel sist<span class=\"_ _1\"></span>ema delle er<span class=\"_ _1\"></span>ogazioni pubbl<span class=\"_ _1\"></span>iche<span class=\"_ _41\"> </span>Ai sensi de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>art. 1, c<span class=\"_ _1\"></span>ommi 125 <span class=\"_ _1\"></span>e 126 del<span class=\"_ _1\"></span>la Legge 124 <span class=\"_ _1\"></span>del 4 agost<span class=\"_ _1\"></span>o 2017 e succe<span class=\"_ _1\"></span>ssive modifi<span class=\"_ _1\"></span>cazioni, che <span class=\"_ _1\"></span>ha<span class=\"_ _41\"> </span>intr<span class=\"_ _1\"></span>odotto <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>mis<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>finali<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>assicur<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>la <span class=\"_ _b\"></span>traspar<span class=\"_ _1\"></span>enz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>erog<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>pubbliche,<span class=\"_ _41\"> </span>sono <span class=\"_ _9\"> </span>indic<span class=\"_ _1\"></span>ate <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _9\"> </span>le <span class=\"_ _9\"> </span>inf<span class=\"_ _1\"></span>ormazioni <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>merit<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>alle <span class=\"_ _9\"> </span>er<span class=\"_ _1\"></span>ogazi<span class=\"_ _1\"></span>oni <span class=\"_ _9\"> </span>ricevute <span class=\"_ _9\"> </span>da <span class=\"_ _9\"> </span>sogge<span class=\"_ _1\"></span>tti <span class=\"_ _9\"> </span>pubblici/en<span class=\"_ _1\"></span>tit\u00e0<span class=\"_ _41\"> </span>pubbliche <span class=\"_ _4\"></span>italiane <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>fa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>della <span class=\"_ _4\"></span>Capogruppo <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>societ\u00e0 <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>ollate<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>L<span class=\"_ _1\"></span>\u2019inf<span class=\"_ _1\"></span>orma<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>consolidata <span class=\"_ _4\"></span>tiene<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>o  de<span class=\"_ _1\"></span>lle <span class=\"_ _10\"> </span>erog<span class=\"_ _1\"></span>azioni <span class=\"_ _9\"> </span>ricevute<span class=\"_ _1\"></span>  di <span class=\"_ _9\"> </span>importo <span class=\"_ _10\"> </span>superior<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>a  10 <span class=\"_ _9\"> </span>migliaia <span class=\"_ _10\"> </span>di <span class=\"_ _9\"> </span>euro  eff<span class=\"_ _6\"></span>ettuate<span class=\"_ _1\"></span>  dal <span class=\"_ _9\"> </span>medesimo<span class=\"_ _41\"> </span>soggetto er<span class=\"_ _1\"></span>oga<span class=\"_ _1\"></span>nte nel c<span class=\"_ _1\"></span>orso<span class=\"_ _1\"></span> del 2025. <table class=\"s w422 h753\" id=\"_4b1ff81b-c2ef-495a-9729-86136e4203c5\"><tr><td class=\"c x23a y1788 w245 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Soggetto<span class=\"_ _1\"></span> erogant<span class=\"_ _1\"></span>e<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b4 y1788 w246 h2f\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Dat<span class=\"_ _1\"></span>a Incasso<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b5 y1788 w247 h2f\"><div class=\"t m0 x5b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Importo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1788 w248 h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Causale<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3b6 y1789 w423 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Contribut<span class=\"_ _1\"></span>o in conto eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3b7 y178a w424 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">finalizza<span class=\"_ _1\"></span>to a compensare i c<span class=\"_ _1\"></span>osti<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3b8 y178b w425 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">sost<span class=\"_ _1\"></span>enuti dalla Capogruppo per<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y178c w245 h417\"><div class=\"t m0 x0 h2 yfdd ffb fs6 fc0 sc0 ls0 ws0\">Minist<span class=\"_ _1\"></span>ero delle Infras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>porti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b4 y178c w246 h417\"><div class=\"t m0 x4f h2 yfdd ffb fs6 fc0 sc0 ls16 ws0\">20/10/25<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3b5 y178c w247 h417\"><div class=\"t m0 x59 h2 yfdd ffb fs6 fc0 sc0 ls0 ws0\">30.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3b7 y178d w426 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">gar<span class=\"_ _1\"></span>antire la sicur<span class=\"_ _1\"></span>ezza dei pr<span class=\"_ _1\"></span>opri<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3b9 y178e w427 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">impianti e la sicur<span class=\"_ _1\"></span>ezza oper<span class=\"_ _1\"></span>ativa ai<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3ba y178f w428 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">sensi di quant<span class=\"_ _1\"></span>o previsto dall\u2019<span class=\"_ _6\"></span>art. 11<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x3bb y1790 w429 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">septies della Legge 248/05<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x3bc y1791 w42a h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls16 ws0\">05/02/2025<span class=\"_ _41\"> </span></div></td><td class=\"c x3b5 y1792 w247 h44\"><div class=\"t m0 x4f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">3.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1792 w248 h44\"><div class=\"t m0 x1f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">PNRR<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1792 w245 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Minist<span class=\"_ _1\"></span>ero delle Infras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>porti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3bc y15ef w42a h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls16 ws0\">02/05/2025<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x3bc y1793 w42a h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls16 ws0\">02/05/2025<span class=\"_ _41\"> </span></div></td><td class=\"c x3b5 y1794 w247 h44\"><div class=\"t m0 x4f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">5.489<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1794 w248 h44\"><div class=\"t m0 x1f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">PNRR<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1794 w245 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Minist<span class=\"_ _1\"></span>ero delle Infras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>porti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3bc y1795 w42a h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls16 ws0\">08/05/2025<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c x3bc y1796 w42a h730\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls16 ws0\">08/05/2025<span class=\"_ _41\"> </span></div></td><td class=\"c x3b5 y1797 w247 h44\"><div class=\"t m0 x4f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">3.281<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x258 y1797 w248 h44\"><div class=\"t m0 x1f h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">PNRR<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1797 w245 h44\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Minist<span class=\"_ _1\"></span>ero delle Infras<span class=\"_ _1\"></span>trutture e dei T<span class=\"_ _1\"></span>ras<span class=\"_ _1\"></span>porti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3bc y1798 w42a h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls16 ws0\">10/09/2025<span class=\"_ _41\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x207 y1799 w42b h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale Minis<span class=\"_ _1\"></span>tero delle Infras<span class=\"_ _1\"></span>trutture e dei<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x3b5 y179a w247 h44\"><div class=\"t m0 x59 h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">41.770<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td class=\"c x207 y179b w42c h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>rasp<span class=\"_ _1\"></span>orti<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y179c w245 h3c9\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale complessi<span class=\"_ _1\"></span>v<span class=\"_ _4\"></span>o<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x3b5 y179c w247 h3c9\"><div class=\"t m0 x59 h2 yd29 ff6 fs6 fc0 sc0 ls16 ws0\">41.770<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x258 y179d w248 h2c\"><div class=\"t m0 xe6 h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "26.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Altri rica<span class=\"_ _1\"></span>vi e pro<span class=\"_ _1\"></span>venti oper<span class=\"_ _1\"></span>ativi Gli <span class=\"_ _5\"></span>altri <span class=\"_ _a\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>prov<span class=\"_ _1\"></span>enti <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _a\"></span>ammon<span class=\"_ _1\"></span>tano <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>58.355 <span class=\"_ _a\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>ano <span class=\"_ _a\"></span>un <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>9.225 <span class=\"_ _4\"></span>migl<span class=\"_ _1\"></span>iaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>prece<span class=\"_ _1\"></span>dente, pr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>ncipalment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>i contri<span class=\"_ _1\"></span>buti <span class=\"_ _4\"></span>in conto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>impianti<span class=\"_ _41\"> </span>imputa<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>17,6 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>(<span class=\"ls6\">12</span>,1 <span class=\"_ _b\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>2024) <span class=\"_ _a\"></span>commisur<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>agli<span class=\"_ _41\"> </span>ammorta<span class=\"_ _1\"></span>menti <span class=\"_ _a\"></span>gener<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>dai <span class=\"_ _a\"></span>cespiti <span class=\"_ _a\"></span>a <span class=\"_ _b\"></span>cui <span class=\"_ _a\"></span>i <span class=\"_ _a\"></span>contributi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscono<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>con <span class=\"_ _a\"></span>un <span class=\"_ _b\"></span>maggior <span class=\"_ _a\"></span>importo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>agli<span class=\"_ _41\"> </span>in<span class=\"_ _1\"></span>vestimenti <span class=\"_ _1\"></span>finanzia<span class=\"_ _1\"></span>ti in a<span class=\"_ _1\"></span>mbito PNRR. <span class=\"_ _1\"></span>La voce<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto acc<span class=\"_ _1\"></span>oglie, inoltr<span class=\"_ _1\"></span>e, il c<span class=\"_ _1\"></span>ontribut<span class=\"_ _1\"></span>o in c<span class=\"_ _1\"></span>onto <span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span>per <span class=\"lsc\">30<span class=\"_ _4\"></span></span> mili<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o riconosciut<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>Capog<span class=\"_ _1\"></span>ruppo ai sensi dell\u2019<span class=\"_ _6\"></span>art. 11 septies della Legge 248/05 al fine<span class=\"_ _41\"> </span>di compensa<span class=\"_ _1\"></span>re i cos<span class=\"_ _1\"></span>ti sost<span class=\"_ _1\"></span>enuti per ga<span class=\"_ _1\"></span>rantir<span class=\"_ _1\"></span>e la sicur<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>a dei propri<span class=\"_ _1\"></span> impianti e la si<span class=\"_ _1\"></span>curezz<span class=\"_ _1\"></span>a opera<span class=\"_ _1\"></span>tiva. Si <span class=\"_ _a\"></span>riporta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>seguito <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>dettaglio <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>composizi<span class=\"_ _1\"></span>one <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>total<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>rica<span class=\"_ _1\"></span>vi <span class=\"_ _a\"></span>per <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _a\"></span>esercizi <span class=\"_ _a\"></span>2025 <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>2024<span class=\"_ _41\"> </span>suddivisi per ar<span class=\"_ _1\"></span>ea geogr<span class=\"_ _1\"></span>afica:<div class=\"gs6\"><table class=\"s w38f h73b\" id=\"_32a9eee0-95d4-438d-82d6-0d71040cde56\"><tr><td class=\"c x270 y167c w204 h401\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167c w47 h401\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y167c w48 h401\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">% sui ricav<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y167c w47 h401\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y167c w48 h401\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">% sui ricav<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167d w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Italia<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167d w47 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.002.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167d w48 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">96%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167d w47 h2f\"><div class=\"t m0 x31 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.008.384<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167d w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">96,1%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167e w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls5e ws0\">UE<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f4 y167e w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.593<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167e w48 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">1%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167e w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.501<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167e w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y167f w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Extra UE<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y167f w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">25.332<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y167f w48 h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2%<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f6 y167f w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y167f w48 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y1680 w204 h2c\"><div class=\"t m0 x0 h2 y2d3 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y1680 w47 h2c\"><div class=\"t m0 x31 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">1.041.066<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2f6 y1680 w47 h2c\"><div class=\"t m0 x31 h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">1.048.882<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f6 y1681 w205 h2f\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "<div class=\"c w2 h0 gs18\"><div class=\"t m0 x3 h4 yd69 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yd07 ff2 fs1 fc3 sc3 ls0 ws0\">27.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per b<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>ni,<span class=\"_ _1\"></span> per servizi, godiment<span class=\"_ _1\"></span>o beni di terzi ed altri<span class=\"_ _1\"></span> costi oper<span class=\"_ _1\"></span>ativi<span class=\"_ _41\"> </span><span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf34 ff2 fs1 fc0 sc0 ls0 ws0\">I c<span class=\"_ _1\"></span>osti per <span class=\"_ _1\"></span>beni, per<span class=\"_ _1\"></span> servizi, <span class=\"_ _1\"></span>godimento<span class=\"_ _1\"></span> beni di <span class=\"_ _1\"></span>terzi <span class=\"_ _1\"></span>e altri<span class=\"_ _1\"></span> costi <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>tivi ammon<span class=\"_ _1\"></span>tano c<span class=\"_ _1\"></span>omplessiv<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf35 ff2 fs1 fc0 sc0 ls0 ws0\">174<span class=\"lse\">.1<span class=\"lsc\">50</span></span> <span class=\"_ _b\"> </span>migliaia <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _b\"> </span>e <span class=\"_ _b\"></span>regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>7,6%, <span class=\"_ _a\"></span>rispetto <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, <span class=\"_ _a\"></span></span>come<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf36 ff2 fs1 fc0 sc0 ls0 ws0\">ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato nell<span class=\"_ _1\"></span>a tabella di segui<span class=\"_ _1\"></span>to riporta<span class=\"_ _1\"></span>ta.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf37 ff3 fs1 fc0 sc0 ls0 ws0\"> </div></div><div class=\"gs19\"><table class=\"s w390 h73c\" id=\"_8b8a44ca-a97a-47fc-8939-47063614839d\"><tr><td></td><td class=\"c x290 y1682 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1682 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1682 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1682 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1683 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1683 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.650<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.239<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1683 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.589)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-21,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1684 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Costi per servizi:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1685 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per manut<span class=\"_ _1\"></span>enzioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1685 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1685 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.574<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1685 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.314<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1685 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1686 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per c<span class=\"_ _1\"></span>ontribuzioni eurocontr<span class=\"_ _1\"></span>ol<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1686 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">43.709<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1686 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">38.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1686 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.448<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1686 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1687 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ute<span class=\"_ _1\"></span>nze e telec<span class=\"_ _1\"></span>omunicazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1687 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.820<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1687 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.890<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1687 w4d h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(70)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1687 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1688 w1cf h31\"><div class=\"t m0 x0 h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ass<span class=\"_ _1\"></span>ic<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>azioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1688 w4d h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.763<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1688 w4c h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.720<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1688 w4d h31\"><div class=\"t m0 x3e h2 y366 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1688 w4c h31\"><div class=\"t m0 x2a h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">1,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1689 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pulizia e vigilanz<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1689 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.707<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1689 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.061<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1689 w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">646<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1689 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168a w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti riguardanti il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168a w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.776<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168a w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.470<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168a w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.306<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168a w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168b w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pres<span class=\"_ _1\"></span>tazioni prof<span class=\"_ _1\"></span>essionali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168b w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.151<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168b w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.850<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168b w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">301<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168b w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168c w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti per servizi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168c w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.735<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168c w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.572<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168c w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.163<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168c w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>ti per se<span class=\"_ _4\"></span>rvi<span class=\"_ _1\"></span>zi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">158.549<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y168d w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">144.398<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y168d w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">14.151<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168d w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">9,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168e w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per godi<span class=\"_ _1\"></span>mento beni di terzi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168e w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.725<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168e w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.666<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168e w4d h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">59<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168e w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168f w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti operativi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168f w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.226<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168f w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.565<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168f w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">661<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168f w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1690 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1690 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">174.150<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1690 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">161.868<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1690 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12.282<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1690 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">7,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y1691 w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table></div><div class=\"c w2 h0 gs18\"><div class=\"t m0 x3 h4 yd2c ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yf3f ff2 fs1 fc0 sc0 ls13 ws0\">I <span class=\"fc3 ls0\">costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"fc0\"> acc<span class=\"_ _1\"></span>oglie sia il valor<span class=\"_ _1\"></span>e degli acquisti e<span class=\"_ _1\"></span> impieghi delle parti di ricambi<span class=\"_ _1\"></span>o relativ<span class=\"_ _1\"></span>e ad<span class=\"_ _41\"> </span></span></span><span class=\"fc3 ls0\"><span class=\"fc0\"> </span></span></div><div class=\"t m0 x3 h4 y9cd ff2 fs1 fc0 sc0 ls0 ws0\">impianti ed <span class=\"_ _4\"></span>appar<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>reo <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativo alla <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mponentis<span class=\"_ _1\"></span>tica <span class=\"_ _4\"></span>impie<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf40 ff2 fs1 fc0 sc0 ls0 ws0\">nelle <span class=\"_ _a\"></span>commesse <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>cliente <span class=\"_ _a\"></span>finale. <span class=\"_ _a\"></span>Il <span class=\"_ _9\"> </span>decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>netto <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>2.589 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf41 ff2 fs1 fc0 sc0 ls0 ws0\">maggior utilizz<span class=\"_ _1\"></span>o delle parti di ri<span class=\"_ _1\"></span>cambio pr<span class=\"_ _1\"></span>esenti a mag<span class=\"_ _1\"></span>azzino rispett<span class=\"_ _1\"></span>o agli acquisti e<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ettuati nel 2025<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span> <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yf42 ff2 fs1 fc0 sc0 ls13 ws0\">I <span class=\"fc3 ls0\">costi per servizi<span class=\"fc0\"> regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>un incr<span class=\"_ _1\"></span>emento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o di 14,1 <span class=\"ls5a\">mi</span>lioni di euro<span class=\"_ _1\"></span>, rispetto all<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>esercizio pre<span class=\"_ _1\"></span>cedente,<span class=\"_ _41\"> </span></span></span><span class=\"fc3 ls0\"><span class=\"fc0\"> </span></span></div><div class=\"t m0 x3 h4 yf43 ff2 fs1 fc0 sc0 ls0 ws0\">per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>aument<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>manutenzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>(+15,6%) <span class=\"_ _4\"></span>associati <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>commesse<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>maggiori <span class=\"_ _5\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y7f5 ff2 fs1 fc0 sc0 ls0 ws0\">contri<span class=\"_ _1\"></span>buzione <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol <span class=\"_ _1\"></span>(+14,2%), <span class=\"_ _6\"></span>altri <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>personale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019incre<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>buoni <span class=\"_ _1\"></span>past<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf44 ff2 fs1 fc0 sc0 ls0 ws0\">dovuto al maggior cost<span class=\"_ _1\"></span>o unitario riconosciut<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale dipendent<span class=\"_ _1\"></span>e a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e dal mese di <span class=\"_ _4\"></span>agos<span class=\"_ _1\"></span>to 2024<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf45 ff2 fs1 fc0 sc0 ls0 ws0\">che per <span class=\"_ _4\"></span>le trasf<span class=\"_ _1\"></span>erte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del pers<span class=\"_ _1\"></span>onale <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo per <span class=\"_ _4\"></span>i cor<span class=\"_ _1\"></span>si di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormazione tenuti presso l\u2019<span class=\"_ _11\"></span>Academy di Forl\u00ec che<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf46 ff2 fs1 fc0 sc0 ls0 ws0\">cos<span class=\"_ _1\"></span>ti  associati <span class=\"_ _9\"> </span>alla  pr<span class=\"_ _1\"></span>omozi<span class=\"_ _1\"></span>one  dell\u2019immagine<span class=\"_ _1\"></span>  del  Gruppo <span class=\"_ _9\"> </span>pr<span class=\"_ _4\"></span>incipa<span class=\"_ _1\"></span>lmente <span class=\"_ _10\"> </span>corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>ta <span class=\"_ _10\"> </span>allo <span class=\"_ _10\"> </span>sviluppo <span class=\"_ _10\"> </span>del<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf47 ff2 fs1 fc0 sc0 ls0 ws0\">merc<span class=\"_ _1\"></span>ato non r<span class=\"_ _1\"></span>egolat<span class=\"_ _1\"></span>o.  <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y594 ff3 fs1 fc0 sc0 ls0 ws0\"> </div></div>28.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costo d<span class=\"_ _1\"></span>el personale<span class=\"_ _41\"> </span>Il cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del personale ammont<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>6<span class=\"_ _1\"></span>32.576 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>un incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>40.140 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _a\"></span>(pari <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>+6,8%), <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>sia <span class=\"_ _a\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>r<span class=\"_ _1\"></span>etributivo <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>alla<span class=\"_ _41\"> </span>parte fissa <span class=\"_ _1\"></span>della retri<span class=\"_ _1\"></span>buzione che a quella v<span class=\"_ _1\"></span>ariabile.<table class=\"s w390 h73d\" id=\"_7a5627a3-7a9c-4c37-bf67-a50748a3f9e9\"><tr><td></td><td class=\"c x290 y1692 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1692 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1692 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1692 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1693 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Salari e stipendi<span class=\"_ _1\"></span>, di c<span class=\"_ _4\"></span>ui:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1694 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione fissa<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1694 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">341.651<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1694 w4c h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">321.421<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1694 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.230<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1694 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1695 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione variabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1695 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">106.436<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1695 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">99.446<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1695 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.990<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1695 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1696 w1cf h2c\"><div class=\"t m0 x4 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale salari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1696 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">448.087<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1696 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">420.867<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1696 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.220<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1696 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1697 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Oneri sociali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1697 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">144.180<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1697 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">135.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1697 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.039<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1697 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1698 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Oneri per benefici ai dip<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1698 w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">29.337<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1698 w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">27.737<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1698 w4d h2c\"><div class=\"t m0 x1db h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1698 w4c h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1699 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1699 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.972<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1699 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.691<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1699 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.281<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1699 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y169a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>to del personale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y169a w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">632.576<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y169a w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">592.436<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y169a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.140<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y169a w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y169b w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La retri<span class=\"_ _1\"></span>buzione fissa si att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span> a 3<span class=\"_ _4\"></span>4<span class=\"ls6\">1.<span class=\"_ _1\"></span><span class=\"ls0\">651 migliaia di eur<span class=\"_ _1\"></span>o, in incr<span class=\"_ _1\"></span>emento del 6,3%, ri<span class=\"_ _1\"></span>spetto al dat<span class=\"_ _1\"></span>o emerso<span class=\"_ _41\"> </span></span></span>nel <span class=\"_ _a\"></span>2024<span class=\"lsf\">, <span class=\"_ _a\"></span></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>rivalutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>minimi <span class=\"_ _a\"></span>contra<span class=\"_ _1\"></span>ttuali <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>2% <span class=\"_ _9\"> </span>di <span class=\"_ _5\"></span>cui <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>avven<span class=\"_ _1\"></span>uto nel mese di <span class=\"_ _4\"></span>lugli<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024 ed un ulterior<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>% nel mese di luglio 2025, per il differ<span class=\"_ _1\"></span>enziale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>infla<span class=\"_ _1\"></span>ttivo<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>triennio <span class=\"_ _4\"></span>2023-2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>livelli<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inquadr<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>attuale <span class=\"_ _4\"></span>prev<span class=\"_ _1\"></span>isti <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>CCNL. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>si a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+164 <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>medie <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>+<span class=\"ls6\">91</span> <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettive, <span class=\"_ _6\"></span>rispetto<span class=\"_ _41\"> </span>al 2024, che riflette principalmen<span class=\"_ _1\"></span>te le assunzioni del per<span class=\"_ _1\"></span>sonale operati<span class=\"_ _1\"></span>vo, te<span class=\"_ _1\"></span>cnico ed inf<span class=\"_ _1\"></span>ormatico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>non ha<span class=\"_ _41\"> </span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>incr<span class=\"_ _1\"></span>ementi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>retribuzione <span class=\"_ _6\"></span>fissa <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _6\"></span>chiudendo <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>org<span class=\"_ _1\"></span>anico <span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _41\"> </span>di Gruppo di 4.46<span class=\"_ _1\"></span>7 unit\u00e0 (4.376 u<span class=\"_ _1\"></span>nit\u00e0 eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>e di Gruppo a fine 2024). La <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>etribuzione va<span class=\"_ _1\"></span>riabile regis<span class=\"_ _1\"></span>tra un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 6.990 migliaia di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>col<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>alcuni istituti<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _c\"> </span>il <span class=\"_ _d\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _c\"> </span>operativ<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>C<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>(Contr<span class=\"_ _1\"></span>ollori <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ffico <span class=\"_ _c\"> </span>Aereo)<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>e <span class=\"_ _c\"> </span>FISO <span class=\"_ _d\"> </span>(Fli<span class=\"_ _1\"></span>ght<span class=\"_ _41\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _1\"></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ce Officer) <span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span>ti in v<span class=\"_ _1\"></span>igore <span class=\"_ _1\"></span>dal 1\u00b0 <span class=\"_ _1\"></span>agost<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span> seguito<span class=\"_ _1\"></span> del rinno<span class=\"_ _1\"></span>vo dell<span class=\"_ _1\"></span>a parte <span class=\"_ _1\"></span>specifica<span class=\"_ _41\"> </span>dei <span class=\"_ _b\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi <span class=\"_ _9\"> </span>A<span class=\"_ _6\"></span>TM <span class=\"_ _b\"></span>diretti <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>omplementa<span class=\"_ _1\"></span>ri <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>CCNL <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>asporto <span class=\"_ _b\"></span>aereo <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>riconosciment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>bonus<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance. Gli altri <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale regis<span class=\"_ _1\"></span>trano un <span class=\"_ _4\"></span><span class=\"ls10\">in</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 2.281 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ris<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, </span>in quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il saldo del 2024 cont<span class=\"_ _1\"></span>eneva gli e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>del termine del progr<span class=\"_ _1\"></span>amma di esodo<span class=\"_ _41\"> </span>denominat<span class=\"_ _1\"></span>o \u201cisopensione\u201d per 3<span class=\"_ _1\"></span>,8 milioni di eur<span class=\"_ _1\"></span>o, non <span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio in oggetto. Nella <span class=\"_ _25\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _25\"> </span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _25\"> </span>viene <span class=\"_ _d\"> </span>riportato <span class=\"_ _d\"> </span>l\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>azienda<span class=\"_ _1\"></span>le <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>Gruppo <span class=\"_ _25\"> </span>suddiv<span class=\"_ _1\"></span>iso <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>cat<span class=\"_ _1\"></span>egoria<span class=\"_ _41\"> </span>prof<span class=\"_ _1\"></span>essionale<span class=\"_ _1\"></span>:<table class=\"s w391 h73e\" id=\"_ca35d566-bdde-4fc6-b4a4-c69de3e242fb\"><tr><td></td><td class=\"c x2f8 y169c w207 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169c w208 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169c w207 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169d w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dirigenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169d w208 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169e w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Quadri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169e w207 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169e w208 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169e w207 h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169f w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impieg<span class=\"_ _1\"></span>ati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169f w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f9 y169f w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.903<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fa y169f w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a0 w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza finale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a0 w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a0 w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a0 w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a1 w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza media<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a1 w207 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.540<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a1 w208 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a1 w207 h2c\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">164<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2f9 y16a2 w20a h2c\"><div class=\"t m0 x10d h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>29.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per la<span class=\"_ _1\"></span>vori int<span class=\"_ _1\"></span>erni capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>ti I <span class=\"_ _a\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>ori <span class=\"_ _a\"></span>interni <span class=\"_ _5\"></span>capit<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>34.715 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>(28.483 <span class=\"_ _a\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>2024<span class=\"ls14\">) <span class=\"_ _b\"></span></span>e <span class=\"_ _a\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>21,9%, <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>emerso <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>preceden<span class=\"_ _1\"></span>te, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>maggiori <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>erog<span class=\"_ _1\"></span>ate  dal <span class=\"_ _12\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Gruppo <span class=\"_ _7\"> </span>impieg<span class=\"_ _1\"></span>ato <span class=\"_ _7\"> </span>sui <span class=\"_ _7\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>inv<span class=\"_ _1\"></span>estiment<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>per <span class=\"_ _7\"> </span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>alizzazione i<span class=\"_ _1\"></span>nterna dei pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>tti di inves<span class=\"_ _1\"></span>timent<span class=\"_ _1\"></span>o da parte del<span class=\"_ _1\"></span>le contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e T<span class=\"_ _6\"></span>echno Sky e IDS Air<span class=\"_ _1\"></span>Nav<span class=\"_ _2\"></span>.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "27.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per b<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>ni,<span class=\"_ _1\"></span> per servizi, godiment<span class=\"_ _1\"></span>o beni di terzi ed altri<span class=\"_ _1\"></span> costi oper<span class=\"_ _1\"></span>ativi<span class=\"_ _41\"> </span>I c<span class=\"_ _1\"></span>osti per <span class=\"_ _1\"></span>beni, per<span class=\"_ _1\"></span> servizi, <span class=\"_ _1\"></span>godimento<span class=\"_ _1\"></span> beni di <span class=\"_ _1\"></span>terzi <span class=\"_ _1\"></span>e altri<span class=\"_ _1\"></span> costi <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>tivi ammon<span class=\"_ _1\"></span>tano c<span class=\"_ _1\"></span>omplessiv<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>174<span class=\"lse\">.1<span class=\"lsc\">50</span></span> <span class=\"_ _b\"> </span>migliaia <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _b\"> </span>e <span class=\"_ _b\"></span>regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>7,6%, <span class=\"_ _a\"></span>rispetto <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, <span class=\"_ _a\"></span></span>come<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato nell<span class=\"_ _1\"></span>a tabella di segui<span class=\"_ _1\"></span>to riporta<span class=\"_ _1\"></span>ta.<table class=\"s w390 h73c\" id=\"_8b8a44ca-a97a-47fc-8939-47063614839d\"><tr><td></td><td class=\"c x290 y1682 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1682 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1682 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1682 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1683 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1683 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.650<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.239<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1683 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.589)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-21,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1684 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Costi per servizi:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1685 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per manut<span class=\"_ _1\"></span>enzioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1685 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1685 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.574<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1685 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.314<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1685 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1686 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per c<span class=\"_ _1\"></span>ontribuzioni eurocontr<span class=\"_ _1\"></span>ol<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1686 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">43.709<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1686 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">38.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1686 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.448<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1686 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1687 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ute<span class=\"_ _1\"></span>nze e telec<span class=\"_ _1\"></span>omunicazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1687 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.820<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1687 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.890<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1687 w4d h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(70)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1687 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1688 w1cf h31\"><div class=\"t m0 x0 h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ass<span class=\"_ _1\"></span>ic<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>azioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1688 w4d h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.763<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1688 w4c h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.720<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1688 w4d h31\"><div class=\"t m0 x3e h2 y366 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1688 w4c h31\"><div class=\"t m0 x2a h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">1,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1689 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pulizia e vigilanz<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1689 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.707<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1689 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.061<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1689 w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">646<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1689 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168a w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti riguardanti il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168a w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.776<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168a w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.470<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168a w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.306<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168a w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168b w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pres<span class=\"_ _1\"></span>tazioni prof<span class=\"_ _1\"></span>essionali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168b w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.151<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168b w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.850<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168b w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">301<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168b w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168c w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti per servizi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168c w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.735<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168c w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.572<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168c w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.163<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168c w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>ti per se<span class=\"_ _4\"></span>rvi<span class=\"_ _1\"></span>zi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">158.549<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y168d w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">144.398<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y168d w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">14.151<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168d w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">9,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168e w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per godi<span class=\"_ _1\"></span>mento beni di terzi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168e w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.725<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168e w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.666<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168e w4d h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">59<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168e w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168f w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti operativi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168f w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.226<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168f w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.565<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168f w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">661<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168f w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1690 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1690 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">174.150<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1690 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">161.868<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1690 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12.282<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1690 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">7,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y1691 w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"fc3 ls0\">costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"fc0\"> acc<span class=\"_ _1\"></span>oglie sia il valor<span class=\"_ _1\"></span>e degli acquisti e<span class=\"_ _1\"></span> impieghi delle parti di ricambi<span class=\"_ _1\"></span>o relativ<span class=\"_ _1\"></span>e ad<span class=\"_ _41\"> </span></span></span>impianti ed <span class=\"_ _4\"></span>appar<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>reo <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativo alla <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mponentis<span class=\"_ _1\"></span>tica <span class=\"_ _4\"></span>impie<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>nelle <span class=\"_ _a\"></span>commesse <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>cliente <span class=\"_ _a\"></span>finale. <span class=\"_ _a\"></span>Il <span class=\"_ _9\"> </span>decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>netto <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>2.589 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>maggior utilizz<span class=\"_ _1\"></span>o delle parti di ri<span class=\"_ _1\"></span>cambio pr<span class=\"_ _1\"></span>esenti a mag<span class=\"_ _1\"></span>azzino rispett<span class=\"_ _1\"></span>o agli acquisti e<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ettuati nel 2025<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span> I <span class=\"fc3 ls0\">costi per servizi<span class=\"fc0\"> regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>un incr<span class=\"_ _1\"></span>emento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o di 14,1 <span class=\"ls5a\">mi</span>lioni di euro<span class=\"_ _1\"></span>, rispetto all<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>esercizio pre<span class=\"_ _1\"></span>cedente,<span class=\"_ _41\"> </span></span></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>aument<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>manutenzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>(+15,6%) <span class=\"_ _4\"></span>associati <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>commesse<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>maggiori <span class=\"_ _5\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>contri<span class=\"_ _1\"></span>buzione <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol <span class=\"_ _1\"></span>(+14,2%), <span class=\"_ _6\"></span>altri <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>personale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019incre<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>buoni <span class=\"_ _1\"></span>past<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dovuto al maggior cost<span class=\"_ _1\"></span>o unitario riconosciut<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale dipendent<span class=\"_ _1\"></span>e a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e dal mese di <span class=\"_ _4\"></span>agos<span class=\"_ _1\"></span>to 2024<span class=\"_ _41\"> </span>che per <span class=\"_ _4\"></span>le trasf<span class=\"_ _1\"></span>erte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del pers<span class=\"_ _1\"></span>onale <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo per <span class=\"_ _4\"></span>i cor<span class=\"_ _1\"></span>si di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormazione tenuti presso l\u2019<span class=\"_ _11\"></span>Academy di Forl\u00ec che<span class=\"_ _41\"> </span>cos<span class=\"_ _1\"></span>ti  associati <span class=\"_ _9\"> </span>alla  pr<span class=\"_ _1\"></span>omozi<span class=\"_ _1\"></span>one  dell\u2019immagine<span class=\"_ _1\"></span>  del  Gruppo <span class=\"_ _9\"> </span>pr<span class=\"_ _4\"></span>incipa<span class=\"_ _1\"></span>lmente <span class=\"_ _10\"> </span>corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>ta <span class=\"_ _10\"> </span>allo <span class=\"_ _10\"> </span>sviluppo <span class=\"_ _10\"> </span>del<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato non r<span class=\"_ _1\"></span>egolat<span class=\"_ _1\"></span>o.  28.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costo d<span class=\"_ _1\"></span>el personale<span class=\"_ _41\"> </span>Il cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del personale ammont<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>6<span class=\"_ _1\"></span>32.576 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>un incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>40.140 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _a\"></span>(pari <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>+6,8%), <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>sia <span class=\"_ _a\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>r<span class=\"_ _1\"></span>etributivo <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>alla<span class=\"_ _41\"> </span>parte fissa <span class=\"_ _1\"></span>della retri<span class=\"_ _1\"></span>buzione che a quella v<span class=\"_ _1\"></span>ariabile.<table class=\"s w390 h73d\" id=\"_7a5627a3-7a9c-4c37-bf67-a50748a3f9e9\"><tr><td></td><td class=\"c x290 y1692 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1692 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1692 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1692 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1693 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Salari e stipendi<span class=\"_ _1\"></span>, di c<span class=\"_ _4\"></span>ui:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1694 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione fissa<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1694 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">341.651<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1694 w4c h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">321.421<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1694 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.230<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1694 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1695 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione variabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1695 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">106.436<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1695 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">99.446<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1695 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.990<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1695 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1696 w1cf h2c\"><div class=\"t m0 x4 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale salari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1696 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">448.087<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1696 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">420.867<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1696 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.220<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1696 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1697 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Oneri sociali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1697 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">144.180<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1697 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">135.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1697 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.039<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1697 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1698 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Oneri per benefici ai dip<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1698 w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">29.337<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1698 w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">27.737<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1698 w4d h2c\"><div class=\"t m0 x1db h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1698 w4c h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1699 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1699 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.972<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1699 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.691<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1699 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.281<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1699 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y169a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>to del personale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y169a w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">632.576<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y169a w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">592.436<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y169a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.140<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y169a w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y169b w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La retri<span class=\"_ _1\"></span>buzione fissa si att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span> a 3<span class=\"_ _4\"></span>4<span class=\"ls6\">1.<span class=\"_ _1\"></span><span class=\"ls0\">651 migliaia di eur<span class=\"_ _1\"></span>o, in incr<span class=\"_ _1\"></span>emento del 6,3%, ri<span class=\"_ _1\"></span>spetto al dat<span class=\"_ _1\"></span>o emerso<span class=\"_ _41\"> </span></span></span>nel <span class=\"_ _a\"></span>2024<span class=\"lsf\">, <span class=\"_ _a\"></span></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>rivalutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>minimi <span class=\"_ _a\"></span>contra<span class=\"_ _1\"></span>ttuali <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>2% <span class=\"_ _9\"> </span>di <span class=\"_ _5\"></span>cui <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>avven<span class=\"_ _1\"></span>uto nel mese di <span class=\"_ _4\"></span>lugli<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024 ed un ulterior<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>% nel mese di luglio 2025, per il differ<span class=\"_ _1\"></span>enziale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>infla<span class=\"_ _1\"></span>ttivo<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>triennio <span class=\"_ _4\"></span>2023-2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>livelli<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inquadr<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>attuale <span class=\"_ _4\"></span>prev<span class=\"_ _1\"></span>isti <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>CCNL. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>si a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+164 <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>medie <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>+<span class=\"ls6\">91</span> <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettive, <span class=\"_ _6\"></span>rispetto<span class=\"_ _41\"> </span>al 2024, che riflette principalmen<span class=\"_ _1\"></span>te le assunzioni del per<span class=\"_ _1\"></span>sonale operati<span class=\"_ _1\"></span>vo, te<span class=\"_ _1\"></span>cnico ed inf<span class=\"_ _1\"></span>ormatico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>non ha<span class=\"_ _41\"> </span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>incr<span class=\"_ _1\"></span>ementi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>retribuzione <span class=\"_ _6\"></span>fissa <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _6\"></span>chiudendo <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>org<span class=\"_ _1\"></span>anico <span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _41\"> </span>di Gruppo di 4.46<span class=\"_ _1\"></span>7 unit\u00e0 (4.376 u<span class=\"_ _1\"></span>nit\u00e0 eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>e di Gruppo a fine 2024). La <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>etribuzione va<span class=\"_ _1\"></span>riabile regis<span class=\"_ _1\"></span>tra un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 6.990 migliaia di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>col<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>alcuni istituti<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _c\"> </span>il <span class=\"_ _d\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _c\"> </span>operativ<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>C<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>(Contr<span class=\"_ _1\"></span>ollori <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ffico <span class=\"_ _c\"> </span>Aereo)<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>e <span class=\"_ _c\"> </span>FISO <span class=\"_ _d\"> </span>(Fli<span class=\"_ _1\"></span>ght<span class=\"_ _41\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _1\"></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ce Officer) <span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span>ti in v<span class=\"_ _1\"></span>igore <span class=\"_ _1\"></span>dal 1\u00b0 <span class=\"_ _1\"></span>agost<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span> seguito<span class=\"_ _1\"></span> del rinno<span class=\"_ _1\"></span>vo dell<span class=\"_ _1\"></span>a parte <span class=\"_ _1\"></span>specifica<span class=\"_ _41\"> </span>dei <span class=\"_ _b\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi <span class=\"_ _9\"> </span>A<span class=\"_ _6\"></span>TM <span class=\"_ _b\"></span>diretti <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>omplementa<span class=\"_ _1\"></span>ri <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>CCNL <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>asporto <span class=\"_ _b\"></span>aereo <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>riconosciment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>bonus<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance. Gli altri <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale regis<span class=\"_ _1\"></span>trano un <span class=\"_ _4\"></span><span class=\"ls10\">in</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 2.281 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ris<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, </span>in quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il saldo del 2024 cont<span class=\"_ _1\"></span>eneva gli e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>del termine del progr<span class=\"_ _1\"></span>amma di esodo<span class=\"_ _41\"> </span>denominat<span class=\"_ _1\"></span>o \u201cisopensione\u201d per 3<span class=\"_ _1\"></span>,8 milioni di eur<span class=\"_ _1\"></span>o, non <span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio in oggetto. Nella <span class=\"_ _25\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _25\"> </span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _25\"> </span>viene <span class=\"_ _d\"> </span>riportato <span class=\"_ _d\"> </span>l\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>azienda<span class=\"_ _1\"></span>le <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>Gruppo <span class=\"_ _25\"> </span>suddiv<span class=\"_ _1\"></span>iso <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>cat<span class=\"_ _1\"></span>egoria<span class=\"_ _41\"> </span>prof<span class=\"_ _1\"></span>essionale<span class=\"_ _1\"></span>:<table class=\"s w391 h73e\" id=\"_ca35d566-bdde-4fc6-b4a4-c69de3e242fb\"><tr><td></td><td class=\"c x2f8 y169c w207 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169c w208 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169c w207 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169d w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dirigenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169d w208 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169e w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Quadri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169e w207 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169e w208 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169e w207 h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169f w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impieg<span class=\"_ _1\"></span>ati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169f w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f9 y169f w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.903<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fa y169f w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a0 w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza finale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a0 w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a0 w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a0 w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a1 w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza media<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a1 w207 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.540<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a1 w208 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a1 w207 h2c\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">164<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2f9 y16a2 w20a h2c\"><div class=\"t m0 x10d h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>29.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per la<span class=\"_ _1\"></span>vori int<span class=\"_ _1\"></span>erni capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>ti I <span class=\"_ _a\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>ori <span class=\"_ _a\"></span>interni <span class=\"_ _5\"></span>capit<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>34.715 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>(28.483 <span class=\"_ _a\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>2024<span class=\"ls14\">) <span class=\"_ _b\"></span></span>e <span class=\"_ _a\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>21,9%, <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>emerso <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>preceden<span class=\"_ _1\"></span>te, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>maggiori <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>erog<span class=\"_ _1\"></span>ate  dal <span class=\"_ _12\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Gruppo <span class=\"_ _7\"> </span>impieg<span class=\"_ _1\"></span>ato <span class=\"_ _7\"> </span>sui <span class=\"_ _7\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>inv<span class=\"_ _1\"></span>estiment<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>per <span class=\"_ _7\"> </span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>alizzazione i<span class=\"_ _1\"></span>nterna dei pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>tti di inves<span class=\"_ _1\"></span>timent<span class=\"_ _1\"></span>o da parte del<span class=\"_ _1\"></span>le contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e T<span class=\"_ _6\"></span>echno Sky e IDS Air<span class=\"_ _1\"></span>Nav<span class=\"_ _2\"></span>.<span class=\"_ _41\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "27.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per b<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>ni,<span class=\"_ _1\"></span> per servizi, godiment<span class=\"_ _1\"></span>o beni di terzi ed altri<span class=\"_ _1\"></span> costi oper<span class=\"_ _1\"></span>ativi<span class=\"_ _41\"> </span>I c<span class=\"_ _1\"></span>osti per <span class=\"_ _1\"></span>beni, per<span class=\"_ _1\"></span> servizi, <span class=\"_ _1\"></span>godimento<span class=\"_ _1\"></span> beni di <span class=\"_ _1\"></span>terzi <span class=\"_ _1\"></span>e altri<span class=\"_ _1\"></span> costi <span class=\"_ _1\"></span>opera<span class=\"_ _1\"></span>tivi ammon<span class=\"_ _1\"></span>tano c<span class=\"_ _1\"></span>omplessiv<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>174<span class=\"lse\">.1<span class=\"lsc\">50</span></span> <span class=\"_ _b\"> </span>migliaia <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _b\"> </span>e <span class=\"_ _b\"></span>regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>7,6%, <span class=\"_ _a\"></span>rispetto <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, <span class=\"_ _a\"></span></span>come<span class=\"_ _41\"> </span>ra<span class=\"_ _1\"></span>ppresent<span class=\"_ _1\"></span>ato nell<span class=\"_ _1\"></span>a tabella di segui<span class=\"_ _1\"></span>to riporta<span class=\"_ _1\"></span>ta.<table class=\"s w390 h73c\" id=\"_8b8a44ca-a97a-47fc-8939-47063614839d\"><tr><td></td><td class=\"c x290 y1682 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1682 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1682 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1682 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1683 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1683 w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.650<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.239<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1683 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.589)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1683 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-21,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1684 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Costi per servizi:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1685 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per manut<span class=\"_ _1\"></span>enzioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1685 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1685 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.574<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1685 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.314<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1685 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">15,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1686 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per c<span class=\"_ _1\"></span>ontribuzioni eurocontr<span class=\"_ _1\"></span>ol<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1686 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">43.709<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1686 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">38.261<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1686 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.448<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1686 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1687 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ute<span class=\"_ _1\"></span>nze e telec<span class=\"_ _1\"></span>omunicazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1687 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.820<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1687 w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">27.890<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1687 w4d h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(70)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1687 w4c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1688 w1cf h31\"><div class=\"t m0 x0 h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">Costi per ass<span class=\"_ _1\"></span>ic<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>azioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1688 w4d h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.763<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1688 w4c h31\"><div class=\"t m0 x1db h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">3.720<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1688 w4d h31\"><div class=\"t m0 x3e h2 y366 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1688 w4c h31\"><div class=\"t m0 x2a h2 y366 ffb fs6 fc0 sc0 ls0 ws0\">1,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1689 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pulizia e vigilanz<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1689 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.707<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1689 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.061<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1689 w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">646<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1689 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168a w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti riguardanti il per<span class=\"_ _1\"></span>sonale<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168a w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.776<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168a w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.470<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168a w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.306<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168a w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168b w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Pres<span class=\"_ _1\"></span>tazioni prof<span class=\"_ _1\"></span>essionali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168b w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">17.151<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168b w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.850<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168b w4d h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">301<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168b w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168c w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti per servizi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168c w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">13.735<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168c w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.572<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168c w4d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.163<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y168c w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168d w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>ti per se<span class=\"_ _4\"></span>rvi<span class=\"_ _1\"></span>zi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168d w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">158.549<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y168d w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">144.398<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y168d w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">14.151<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168d w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">9,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168e w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Costi per godi<span class=\"_ _1\"></span>mento beni di terzi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168e w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.725<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168e w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.666<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168e w4d h2f\"><div class=\"t m0 x3e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">59<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168e w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y168f w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti operativi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y168f w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.226<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y168f w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.565<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y168f w4d h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">661<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y168f w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1690 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1690 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">174.150<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1690 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">161.868<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1690 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">12.282<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1690 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">7,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y1691 w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"fc3 ls0\">costi per acquis<span class=\"_ _1\"></span>to di beni<span class=\"fc0\"> acc<span class=\"_ _1\"></span>oglie sia il valor<span class=\"_ _1\"></span>e degli acquisti e<span class=\"_ _1\"></span> impieghi delle parti di ricambi<span class=\"_ _1\"></span>o relativ<span class=\"_ _1\"></span>e ad<span class=\"_ _41\"> </span></span></span>impianti ed <span class=\"_ _4\"></span>appar<span class=\"_ _1\"></span>ati <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>affico <span class=\"_ _4\"></span>ae<span class=\"_ _1\"></span>reo <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _4\"></span>quello <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativo alla <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>mponentis<span class=\"_ _1\"></span>tica <span class=\"_ _4\"></span>impie<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>nelle <span class=\"_ _a\"></span>commesse <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>vendit<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>cliente <span class=\"_ _a\"></span>finale. <span class=\"_ _a\"></span>Il <span class=\"_ _9\"> </span>decr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>netto <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>2.589 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>al<span class=\"_ _41\"> </span>maggior utilizz<span class=\"_ _1\"></span>o delle parti di ri<span class=\"_ _1\"></span>cambio pr<span class=\"_ _1\"></span>esenti a mag<span class=\"_ _1\"></span>azzino rispett<span class=\"_ _1\"></span>o agli acquisti e<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ettuati nel 2025<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span> I <span class=\"fc3 ls0\">costi per servizi<span class=\"fc0\"> regi<span class=\"_ _1\"></span>stra<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>un incr<span class=\"_ _1\"></span>emento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o di 14,1 <span class=\"ls5a\">mi</span>lioni di euro<span class=\"_ _1\"></span>, rispetto all<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>esercizio pre<span class=\"_ _1\"></span>cedente,<span class=\"_ _41\"> </span></span></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _6\"></span>aument<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>costi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>manutenzione<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>(+15,6%) <span class=\"_ _4\"></span>associati <span class=\"_ _4\"></span>alle <span class=\"_ _5\"></span>commesse<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>vendita,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>maggiori <span class=\"_ _5\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>contri<span class=\"_ _1\"></span>buzione <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol <span class=\"_ _1\"></span>(+14,2%), <span class=\"_ _6\"></span>altri <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>personale<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>sia <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>l\u2019incre<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>buoni <span class=\"_ _1\"></span>past<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>dovuto al maggior cost<span class=\"_ _1\"></span>o unitario riconosciut<span class=\"_ _1\"></span>o al <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale dipendent<span class=\"_ _1\"></span>e a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e dal mese di <span class=\"_ _4\"></span>agos<span class=\"_ _1\"></span>to 2024<span class=\"_ _41\"> </span>che per <span class=\"_ _4\"></span>le trasf<span class=\"_ _1\"></span>erte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del pers<span class=\"_ _1\"></span>onale <span class=\"_ _4\"></span>oper<span class=\"_ _1\"></span>ativo per <span class=\"_ _4\"></span>i cor<span class=\"_ _1\"></span>si di <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ormazione tenuti presso l\u2019<span class=\"_ _11\"></span>Academy di Forl\u00ec che<span class=\"_ _41\"> </span>cos<span class=\"_ _1\"></span>ti  associati <span class=\"_ _9\"> </span>alla  pr<span class=\"_ _1\"></span>omozi<span class=\"_ _1\"></span>one  dell\u2019immagine<span class=\"_ _1\"></span>  del  Gruppo <span class=\"_ _9\"> </span>pr<span class=\"_ _4\"></span>incipa<span class=\"_ _1\"></span>lmente <span class=\"_ _10\"> </span>corr<span class=\"_ _1\"></span>ela<span class=\"_ _1\"></span>ta <span class=\"_ _10\"> </span>allo <span class=\"_ _10\"> </span>sviluppo <span class=\"_ _10\"> </span>del<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato non r<span class=\"_ _1\"></span>egolat<span class=\"_ _1\"></span>o.  28.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costo d<span class=\"_ _1\"></span>el personale<span class=\"_ _41\"> </span>Il cost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del personale ammont<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>6<span class=\"_ _1\"></span>32.576 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di euro e <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>egistr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>un incremen<span class=\"_ _1\"></span>to di <span class=\"_ _4\"></span>40.140 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>euro <span class=\"_ _a\"></span>(pari <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>+6,8%), <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _b\"></span>precede<span class=\"_ _1\"></span>nte, <span class=\"_ _b\"></span>dovuto <span class=\"_ _a\"></span>sia <span class=\"_ _a\"></span>all\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>r<span class=\"_ _1\"></span>etributivo <span class=\"_ _b\"></span>leg<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>alla<span class=\"_ _41\"> </span>parte fissa <span class=\"_ _1\"></span>della retri<span class=\"_ _1\"></span>buzione che a quella v<span class=\"_ _1\"></span>ariabile.<table class=\"s w390 h73d\" id=\"_7a5627a3-7a9c-4c37-bf67-a50748a3f9e9\"><tr><td></td><td class=\"c x290 y1692 w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1692 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1692 w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1692 w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1693 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Salari e stipendi<span class=\"_ _1\"></span>, di c<span class=\"_ _4\"></span>ui:<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1694 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione fissa<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1694 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">341.651<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1694 w4c h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">321.421<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1694 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.230<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1694 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,3%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1695 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">retri<span class=\"_ _1\"></span>buzione variabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1695 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">106.436<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1695 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">99.446<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1695 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.990<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1695 w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1696 w1cf h2c\"><div class=\"t m0 x4 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale salari e stipend<span class=\"_ _1\"></span>i<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1696 w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">448.087<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y1696 w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">420.867<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y1696 w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">27.220<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y1696 w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1697 w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Oneri sociali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1697 w4d h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">144.180<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1697 w4c h31\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">135.141<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1697 w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.039<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1697 w4c h31\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1698 w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Oneri per benefici ai dip<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>nden<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1698 w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">29.337<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1698 w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">27.737<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1698 w4d h2c\"><div class=\"t m0 x1db h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.600<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1698 w4c h2c\"><div class=\"t m0 x2a h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1699 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y1699 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.972<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x291 y1699 w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.691<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x292 y1699 w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.281<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x293 y1699 w4c h2f\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">26,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y169a w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>to del personale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x290 y169a w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">632.576<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x291 y169a w4c h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">592.436<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x292 y169a w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">40.140<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x293 y169a w4c h2c\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">6,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x292 y169b w4e h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La retri<span class=\"_ _1\"></span>buzione fissa si att<span class=\"_ _1\"></span>esta<span class=\"_ _1\"></span> a 3<span class=\"_ _4\"></span>4<span class=\"ls6\">1.<span class=\"_ _1\"></span><span class=\"ls0\">651 migliaia di eur<span class=\"_ _1\"></span>o, in incr<span class=\"_ _1\"></span>emento del 6,3%, ri<span class=\"_ _1\"></span>spetto al dat<span class=\"_ _1\"></span>o emerso<span class=\"_ _41\"> </span></span></span>nel <span class=\"_ _a\"></span>2024<span class=\"lsf\">, <span class=\"_ _a\"></span></span>principalmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>rivalutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>minimi <span class=\"_ _a\"></span>contra<span class=\"_ _1\"></span>ttuali <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>2% <span class=\"_ _9\"> </span>di <span class=\"_ _5\"></span>cui <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>secondo <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>atto <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>avven<span class=\"_ _1\"></span>uto nel mese di <span class=\"_ _4\"></span>lugli<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2024 ed un ulterior<span class=\"_ _1\"></span>e 2<span class=\"_ _4\"></span>% nel mese di luglio 2025, per il differ<span class=\"_ _1\"></span>enziale<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>infla<span class=\"_ _1\"></span>ttivo<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>triennio <span class=\"_ _4\"></span>2023-2025 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>av<span class=\"_ _1\"></span>anzamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nei <span class=\"_ _4\"></span>livelli<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inquadr<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>attuale <span class=\"_ _4\"></span>prev<span class=\"_ _1\"></span>isti <span class=\"_ _4\"></span>nel<span class=\"_ _41\"> </span>CCNL. <span class=\"_ _1\"></span>L<span class=\"_ _6\"></span>\u2019incremen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>si a<span class=\"_ _1\"></span>ttes<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>+164 <span class=\"_ _6\"></span>un<span class=\"_ _4\"></span>it<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>medie <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>+<span class=\"ls6\">91</span> <span class=\"_ _1\"></span>unit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettive, <span class=\"_ _6\"></span>rispetto<span class=\"_ _41\"> </span>al 2024, che riflette principalmen<span class=\"_ _1\"></span>te le assunzioni del per<span class=\"_ _1\"></span>sonale operati<span class=\"_ _1\"></span>vo, te<span class=\"_ _1\"></span>cnico ed inf<span class=\"_ _1\"></span>ormatico<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>non ha<span class=\"_ _41\"> </span>prodott<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>incr<span class=\"_ _1\"></span>ementi <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>retribuzione <span class=\"_ _6\"></span>fissa <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _6\"></span>chiudendo <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>org<span class=\"_ _1\"></span>anico <span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ettivo<span class=\"_ _41\"> </span>di Gruppo di 4.46<span class=\"_ _1\"></span>7 unit\u00e0 (4.376 u<span class=\"_ _1\"></span>nit\u00e0 eff<span class=\"_ _1\"></span>ettiv<span class=\"_ _1\"></span>e di Gruppo a fine 2024). La <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>etribuzione va<span class=\"_ _1\"></span>riabile regis<span class=\"_ _1\"></span>tra un <span class=\"_ _4\"></span>incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 6.990 migliaia di <span class=\"_ _4\"></span>euro<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>col<span class=\"_ _1\"></span>lega<span class=\"_ _1\"></span>to ad <span class=\"_ _4\"></span>alcuni istituti<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>attual<span class=\"_ _1\"></span>i <span class=\"_ _d\"> </span>riguar<span class=\"_ _1\"></span>danti <span class=\"_ _c\"> </span>il <span class=\"_ _d\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _c\"> </span>operativ<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>C<span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>A<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>(Contr<span class=\"_ _1\"></span>ollori <span class=\"_ _c\"> </span>del <span class=\"_ _d\"> </span>T<span class=\"_ _6\"></span>ra<span class=\"_ _1\"></span>ffico <span class=\"_ _c\"> </span>Aereo)<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>e <span class=\"_ _c\"> </span>FISO <span class=\"_ _d\"> </span>(Fli<span class=\"_ _1\"></span>ght<span class=\"_ _41\"> </span>Inf<span class=\"_ _1\"></span>ormation <span class=\"_ _1\"></span>Ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>ce Officer) <span class=\"_ _1\"></span>entra<span class=\"_ _1\"></span>ti in v<span class=\"_ _1\"></span>igore <span class=\"_ _1\"></span>dal 1\u00b0 <span class=\"_ _1\"></span>agost<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span> seguito<span class=\"_ _1\"></span> del rinno<span class=\"_ _1\"></span>vo dell<span class=\"_ _1\"></span>a parte <span class=\"_ _1\"></span>specifica<span class=\"_ _41\"> </span>dei <span class=\"_ _b\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi <span class=\"_ _9\"> </span>A<span class=\"_ _6\"></span>TM <span class=\"_ _b\"></span>diretti <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>omplementa<span class=\"_ _1\"></span>ri <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>CCNL <span class=\"_ _b\"> </span>del <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>asporto <span class=\"_ _b\"></span>aereo <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>riconosciment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>bonus<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance. Gli altri <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osti <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per<span class=\"_ _1\"></span>sonale regis<span class=\"_ _1\"></span>trano un <span class=\"_ _4\"></span><span class=\"ls10\">in</span>crement<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di 2.281 <span class=\"_ _4\"></span>miglia<span class=\"_ _1\"></span>ia <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>ris<span class=\"_ _1\"></span>petto <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente<span class=\"lsf\">, </span>in quant<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>il saldo del 2024 cont<span class=\"_ _1\"></span>eneva gli e<span class=\"_ _1\"></span>ffe<span class=\"_ _1\"></span>tti <span class=\"_ _4\"></span>positiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>del termine del progr<span class=\"_ _1\"></span>amma di esodo<span class=\"_ _41\"> </span>denominat<span class=\"_ _1\"></span>o \u201cisopensione\u201d per 3<span class=\"_ _1\"></span>,8 milioni di eur<span class=\"_ _1\"></span>o, non <span class=\"_ _1\"></span>present<span class=\"_ _1\"></span>e nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio in oggetto. Nella <span class=\"_ _25\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _25\"> </span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _25\"> </span>viene <span class=\"_ _d\"> </span>riportato <span class=\"_ _d\"> </span>l\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>azienda<span class=\"_ _1\"></span>le <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>Gruppo <span class=\"_ _25\"> </span>suddiv<span class=\"_ _1\"></span>iso <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>cat<span class=\"_ _1\"></span>egoria<span class=\"_ _41\"> </span>prof<span class=\"_ _1\"></span>essionale<span class=\"_ _1\"></span>:<table class=\"s w391 h73e\" id=\"_ca35d566-bdde-4fc6-b4a4-c69de3e242fb\"><tr><td></td><td class=\"c x2f8 y169c w207 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169c w208 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169c w207 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169d w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dirigenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169d w208 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169e w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Quadri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169e w207 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169e w208 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169e w207 h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169f w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impieg<span class=\"_ _1\"></span>ati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169f w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f9 y169f w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.903<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fa y169f w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a0 w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza finale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a0 w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a0 w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a0 w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a1 w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza media<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a1 w207 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.540<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a1 w208 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a1 w207 h2c\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">164<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2f9 y16a2 w20a h2c\"><div class=\"t m0 x10d h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>29.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Costi per la<span class=\"_ _1\"></span>vori int<span class=\"_ _1\"></span>erni capit<span class=\"_ _1\"></span>alizza<span class=\"_ _1\"></span>ti I <span class=\"_ _a\"></span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>lav<span class=\"_ _1\"></span>ori <span class=\"_ _a\"></span>interni <span class=\"_ _5\"></span>capit<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ati <span class=\"_ _a\"></span>ammont<span class=\"_ _1\"></span>ano <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>34.715 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>(28.483 <span class=\"_ _a\"></span>migliaia<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>2024<span class=\"ls14\">) <span class=\"_ _b\"></span></span>e <span class=\"_ _a\"></span>regis<span class=\"_ _1\"></span>trano <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>21,9%, <span class=\"_ _b\"></span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>al <span class=\"_ _b\"></span>dat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>emerso <span class=\"_ _a\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _a\"></span>preceden<span class=\"_ _1\"></span>te, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>maggiori <span class=\"_ _7\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _7\"> </span>erog<span class=\"_ _1\"></span>ate  dal <span class=\"_ _12\"> </span>per<span class=\"_ _1\"></span>sonale <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Gruppo <span class=\"_ _7\"> </span>impieg<span class=\"_ _1\"></span>ato <span class=\"_ _7\"> </span>sui <span class=\"_ _7\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>inv<span class=\"_ _1\"></span>estiment<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>e <span class=\"_ _12\"> </span>per <span class=\"_ _7\"> </span>la<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>alizzazione i<span class=\"_ _1\"></span>nterna dei pr<span class=\"_ _1\"></span>oge<span class=\"_ _1\"></span>tti di inves<span class=\"_ _1\"></span>timent<span class=\"_ _1\"></span>o da parte del<span class=\"_ _1\"></span>le contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>e T<span class=\"_ _6\"></span>echno Sky e IDS Air<span class=\"_ _1\"></span>Nav<span class=\"_ _2\"></span>.<span class=\"_ _41\"> </span>30.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>e oneri finanziari<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>presen<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>un <span class=\"_ _a\"></span>saldo <span class=\"_ _b\"></span>neg<span class=\"_ _1\"></span>ativo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>8.<span class=\"_ _4\"></span>078 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _41\"> </span>(neg<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>8<span class=\"lsf\">.2<span class=\"ls6\">86</span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2024<span class=\"_ _4\"></span>)<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rilevando sia <span class=\"_ _4\"></span>minori <span class=\"_ _4\"></span>prov<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>finanziari per <span class=\"_ _4\"></span>1,5 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>riduzione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>finanziaria <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>attuali<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>balance<span class=\"_ _4\"></span>, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>parte<span class=\"_ _41\"> </span>compensa<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>maggiori <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>essi <span class=\"_ _1\"></span>attivi <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>bancari, <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>riduzione <span class=\"_ _6\"></span>degli <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _1\"></span>passivi<span class=\"_ _41\"> </span>sull\u2019indebita<span class=\"_ _1\"></span>mento banc<span class=\"_ _1\"></span>ario a tasso v<span class=\"_ _1\"></span>ariabile. La <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>oggetto <span class=\"_ _a\"></span>accogli<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>15.333 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>22<span class=\"_ _4\"></span>.17<span class=\"_ _1\"></span>8<span class=\"_ _41\"> </span>migliaia  di  euro<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e  il  saldo  netto  nega<span class=\"_ _1\"></span>tivo  delle  oper<span class=\"_ _1\"></span>azioni  in  valut<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>per  1,2  <span class=\"ls5a\">mi</span>lioni  di  euro<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e per il depr<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o del dollaro s<span class=\"_ _1\"></span>tatun<span class=\"_ _1\"></span>itense. La composizione <span class=\"_ _1\"></span>dei <span class=\"fc8\">prov<span class=\"_ _1\"></span>enti finanziari<span class=\"fc0\"> \u00e8<span class=\"_ _1\"></span> riportat<span class=\"_ _1\"></span>a nella seguen<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>bella:</span></span><table class=\"s w392 h73f\" id=\"_6e54b332-db45-4b4e-b8e2-7831caeaf7a0\"><tr><td></td><td class=\"c x294 y16a3 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a3 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a3 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a3 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a4 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti da partecipazione in altre impr<span class=\"_ _1\"></span>ese<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a4 w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a4 w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a4 w20c h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a4 w20d h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a5 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti finanziari da attualizz<span class=\"_ _1\"></span>azio<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span> balance e crediti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a5 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.010<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a5 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.065<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a5 w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.055)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a5 w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-25,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a6 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a6 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.656<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a6 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.100<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a6 w20c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">556<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16a6 w20d h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a7 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale prov<span class=\"_ _1\"></span>enti finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">15.333<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a7 w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">16.832<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.499)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a7 w20d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-8,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16a8 w20e h2c\"><div class=\"t m0 xc h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il dett<span class=\"_ _1\"></span>aglio degli <span class=\"fc8\">oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"fc0\"> \u00e8 riportat<span class=\"_ _1\"></span>o nella seguent<span class=\"_ _1\"></span>e tabel<span class=\"_ _1\"></span>la:</span></span><table class=\"s w392 h740\" id=\"_05dab803-3093-49dc-9367-d482c07adada\"><tr><td></td><td class=\"c x294 y16a9 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a9 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a9 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a9 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16aa w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su finanziamenti bancari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.635<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.105<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.470)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-14,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ab w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su benefici ai dipendenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ab w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.082<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16ab w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.213<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16ab w20c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(131)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ab w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-10,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ac w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su passivit\u00e0 per lease<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">405<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ac w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">157<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">248<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ac w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ad w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi passive<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ad w20d h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ad w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ae w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale oneri finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.178<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">25.488<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.310)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-13,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16af w20e h2f\"><div class=\"t m0 xc h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Gli <span class=\"_ _a\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _b\"></span>passivi <span class=\"_ _a\"></span>sui <span class=\"_ _b\"></span>finanziamenti <span class=\"_ _a\"></span>bancari <span class=\"_ _a\"></span>regi<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>riduzione <span class=\"_ _a\"></span>netta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>3<span class=\"_ _4\"></span>,5 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ombinato <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>maggiori <span class=\"_ _9\"> </span>oneri <span class=\"_ _9\"> </span>finanziari <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onnessi <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>prima <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>anche <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>80 <span class=\"_ _9\"> </span>milioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>uro <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _d\"> </span>sotto<span class=\"_ _1\"></span>scritto <span class=\"_ _d\"> </span>con <span class=\"_ _c\"> </span>BEI <span class=\"_ _d\"> </span>tir<span class=\"_ _1\"></span>ata <span class=\"_ _c\"> </span>nel <span class=\"_ _d\"> </span>mese <span class=\"_ _c\"> </span>di <span class=\"_ _d\"> </span>aprile <span class=\"_ _d\"> </span>2024 <span class=\"_ _c\"> </span>e <span class=\"_ _d\"> </span>dai <span class=\"_ _c\"> </span>minor<span class=\"_ _4\"></span>i <span class=\"_ _c\"> </span>oneri <span class=\"_ _d\"> </span>finanzia<span class=\"_ _1\"></span>ri<span class=\"_ _41\"> </span>sull\u2019<span class=\"_ _6\"></span>esposizione a t<span class=\"_ _1\"></span>asso vari<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>indebitam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 \u00e8 <span class=\"_ _1\"></span>risult<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3,59% <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>riduzione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>o del<span class=\"_ _41\"> </span>2024. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "Nella <span class=\"_ _25\"> </span>t<span class=\"_ _1\"></span>abella <span class=\"_ _25\"> </span>seguen<span class=\"_ _1\"></span>te <span class=\"_ _25\"> </span>viene <span class=\"_ _d\"> </span>riportato <span class=\"_ _d\"> </span>l\u2019<span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>azienda<span class=\"_ _1\"></span>le <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>Gruppo <span class=\"_ _25\"> </span>suddiv<span class=\"_ _1\"></span>iso <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>cat<span class=\"_ _1\"></span>egoria<span class=\"_ _41\"> </span>prof<span class=\"_ _1\"></span>essionale<span class=\"_ _1\"></span>:<table class=\"s w391 h73e\" id=\"_ca35d566-bdde-4fc6-b4a4-c69de3e242fb\"><tr><td></td><td class=\"c x2f8 y169c w207 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169c w208 h2f\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169c w207 h2f\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazione<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169d w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Dirigenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">53<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169d w208 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169d w207 h2c\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169e w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Quadri<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169e w207 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y169e w208 h2c\"><div class=\"t m0 xab h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">417<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y169e w207 h2c\"><div class=\"t m0 xc h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y169f w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impieg<span class=\"_ _1\"></span>ati<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y169f w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.997<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f9 y169f w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.903<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fa y169f w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">94<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a0 w206 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza finale<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a0 w207 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a0 w208 h2f\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a0 w207 h2f\"><div class=\"t m0 x20 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">91<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x28f y16a1 w206 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Consist<span class=\"_ _1\"></span>enza media<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f8 y16a1 w207 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.540<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f9 y16a1 w208 h2c\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">4.376<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fa y16a1 w207 h2c\"><div class=\"t m0 xab h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">164<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c x2f9 y16a2 w20a h2c\"><div class=\"t m0 x10d h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "30.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>e oneri finanziari<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>presen<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>un <span class=\"_ _a\"></span>saldo <span class=\"_ _b\"></span>neg<span class=\"_ _1\"></span>ativo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>8.<span class=\"_ _4\"></span>078 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _41\"> </span>(neg<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>8<span class=\"lsf\">.2<span class=\"ls6\">86</span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2024<span class=\"_ _4\"></span>)<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rilevando sia <span class=\"_ _4\"></span>minori <span class=\"_ _4\"></span>prov<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>finanziari per <span class=\"_ _4\"></span>1,5 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>riduzione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>finanziaria <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>attuali<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>balance<span class=\"_ _4\"></span>, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>parte<span class=\"_ _41\"> </span>compensa<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>maggiori <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>essi <span class=\"_ _1\"></span>attivi <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>bancari, <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>riduzione <span class=\"_ _6\"></span>degli <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _1\"></span>passivi<span class=\"_ _41\"> </span>sull\u2019indebita<span class=\"_ _1\"></span>mento banc<span class=\"_ _1\"></span>ario a tasso v<span class=\"_ _1\"></span>ariabile. La <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>oggetto <span class=\"_ _a\"></span>accogli<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>15.333 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>22<span class=\"_ _4\"></span>.17<span class=\"_ _1\"></span>8<span class=\"_ _41\"> </span>migliaia  di  euro<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e  il  saldo  netto  nega<span class=\"_ _1\"></span>tivo  delle  oper<span class=\"_ _1\"></span>azioni  in  valut<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>per  1,2  <span class=\"ls5a\">mi</span>lioni  di  euro<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e per il depr<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o del dollaro s<span class=\"_ _1\"></span>tatun<span class=\"_ _1\"></span>itense. La composizione <span class=\"_ _1\"></span>dei <span class=\"fc8\">prov<span class=\"_ _1\"></span>enti finanziari<span class=\"fc0\"> \u00e8<span class=\"_ _1\"></span> riportat<span class=\"_ _1\"></span>a nella seguen<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>bella:</span></span><table class=\"s w392 h73f\" id=\"_6e54b332-db45-4b4e-b8e2-7831caeaf7a0\"><tr><td></td><td class=\"c x294 y16a3 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a3 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a3 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a3 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a4 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti da partecipazione in altre impr<span class=\"_ _1\"></span>ese<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a4 w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a4 w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a4 w20c h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a4 w20d h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a5 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti finanziari da attualizz<span class=\"_ _1\"></span>azio<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span> balance e crediti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a5 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.010<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a5 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.065<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a5 w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.055)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a5 w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-25,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a6 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a6 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.656<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a6 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.100<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a6 w20c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">556<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16a6 w20d h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a7 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale prov<span class=\"_ _1\"></span>enti finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">15.333<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a7 w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">16.832<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.499)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a7 w20d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-8,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16a8 w20e h2c\"><div class=\"t m0 xc h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il dett<span class=\"_ _1\"></span>aglio degli <span class=\"fc8\">oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"fc0\"> \u00e8 riportat<span class=\"_ _1\"></span>o nella seguent<span class=\"_ _1\"></span>e tabel<span class=\"_ _1\"></span>la:</span></span><table class=\"s w392 h740\" id=\"_05dab803-3093-49dc-9367-d482c07adada\"><tr><td></td><td class=\"c x294 y16a9 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a9 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a9 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a9 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16aa w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su finanziamenti bancari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.635<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.105<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.470)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-14,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ab w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su benefici ai dipendenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ab w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.082<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16ab w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.213<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16ab w20c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(131)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ab w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-10,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ac w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su passivit\u00e0 per lease<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">405<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ac w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">157<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">248<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ac w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ad w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi passive<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ad w20d h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ad w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ae w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale oneri finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.178<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">25.488<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.310)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-13,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16af w20e h2f\"><div class=\"t m0 xc h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Gli <span class=\"_ _a\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _b\"></span>passivi <span class=\"_ _a\"></span>sui <span class=\"_ _b\"></span>finanziamenti <span class=\"_ _a\"></span>bancari <span class=\"_ _a\"></span>regi<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>riduzione <span class=\"_ _a\"></span>netta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>3<span class=\"_ _4\"></span>,5 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ombinato <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>maggiori <span class=\"_ _9\"> </span>oneri <span class=\"_ _9\"> </span>finanziari <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onnessi <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>prima <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>anche <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>80 <span class=\"_ _9\"> </span>milioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>uro <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _d\"> </span>sotto<span class=\"_ _1\"></span>scritto <span class=\"_ _d\"> </span>con <span class=\"_ _c\"> </span>BEI <span class=\"_ _d\"> </span>tir<span class=\"_ _1\"></span>ata <span class=\"_ _c\"> </span>nel <span class=\"_ _d\"> </span>mese <span class=\"_ _c\"> </span>di <span class=\"_ _d\"> </span>aprile <span class=\"_ _d\"> </span>2024 <span class=\"_ _c\"> </span>e <span class=\"_ _d\"> </span>dai <span class=\"_ _c\"> </span>minor<span class=\"_ _4\"></span>i <span class=\"_ _c\"> </span>oneri <span class=\"_ _d\"> </span>finanzia<span class=\"_ _1\"></span>ri<span class=\"_ _41\"> </span>sull\u2019<span class=\"_ _6\"></span>esposizione a t<span class=\"_ _1\"></span>asso vari<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>indebitam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 \u00e8 <span class=\"_ _1\"></span>risult<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3,59% <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>riduzione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>o del<span class=\"_ _41\"> </span>2024. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "30.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pr<span class=\"_ _1\"></span>oventi <span class=\"_ _1\"></span>e oneri finanziari<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>presen<span class=\"_ _1\"></span>tano <span class=\"_ _a\"></span>complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>un <span class=\"_ _a\"></span>saldo <span class=\"_ _b\"></span>neg<span class=\"_ _1\"></span>ativo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>8.<span class=\"_ _4\"></span>078 <span class=\"_ _a\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _41\"> </span>(neg<span class=\"_ _1\"></span>ativi <span class=\"_ _4\"></span>8<span class=\"lsf\">.2<span class=\"ls6\">86</span></span> migliaia <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>nel<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>2024<span class=\"_ _4\"></span>)<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>rilevando sia <span class=\"_ _4\"></span>minori <span class=\"_ _4\"></span>prov<span class=\"_ _1\"></span>enti <span class=\"_ _4\"></span>finanziari per <span class=\"_ _4\"></span>1,5 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>per <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>riduzione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>finanziaria <span class=\"_ _5\"></span>rif<span class=\"_ _1\"></span>erita <span class=\"_ _4\"></span>all\u2019<span class=\"_ _6\"></span>attuali<span class=\"_ _1\"></span>z<span class=\"_ _4\"></span>z<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>balance<span class=\"_ _4\"></span>, <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>parte<span class=\"_ _41\"> </span>compensa<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>dai <span class=\"_ _1\"></span>maggiori <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>essi <span class=\"_ _1\"></span>attivi <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>nti <span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>enti <span class=\"_ _6\"></span>bancari, <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _1\"></span>riduzione <span class=\"_ _6\"></span>degli <span class=\"_ _1\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _1\"></span>passivi<span class=\"_ _41\"> </span>sull\u2019indebita<span class=\"_ _1\"></span>mento banc<span class=\"_ _1\"></span>ario a tasso v<span class=\"_ _1\"></span>ariabile. La <span class=\"_ _a\"></span>voce <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>oggetto <span class=\"_ _a\"></span>accogli<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>proven<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>15.333 <span class=\"_ _b\"></span>migliaia <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>oneri <span class=\"_ _a\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>22<span class=\"_ _4\"></span>.17<span class=\"_ _1\"></span>8<span class=\"_ _41\"> </span>migliaia  di  euro<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e  il  saldo  netto  nega<span class=\"_ _1\"></span>tivo  delle  oper<span class=\"_ _1\"></span>azioni  in  valut<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>per  1,2  <span class=\"ls5a\">mi</span>lioni  di  euro<span class=\"_ _41\"> </span>principalment<span class=\"_ _1\"></span>e per il depr<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o del dollaro s<span class=\"_ _1\"></span>tatun<span class=\"_ _1\"></span>itense. La composizione <span class=\"_ _1\"></span>dei <span class=\"fc8\">prov<span class=\"_ _1\"></span>enti finanziari<span class=\"fc0\"> \u00e8<span class=\"_ _1\"></span> riportat<span class=\"_ _1\"></span>a nella seguen<span class=\"_ _1\"></span>te ta<span class=\"_ _1\"></span>bella:</span></span><table class=\"s w392 h73f\" id=\"_6e54b332-db45-4b4e-b8e2-7831caeaf7a0\"><tr><td></td><td class=\"c x294 y16a3 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a3 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a3 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a3 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a4 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti da partecipazione in altre impr<span class=\"_ _1\"></span>ese<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a4 w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a4 w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">667<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a4 w20c h2c\"><div class=\"t m0 x65 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a4 w20d h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a5 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti finanziari da attualizz<span class=\"_ _1\"></span>azio<span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span> balance e crediti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a5 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6.010<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a5 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.065<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a5 w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.055)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a5 w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-25,5%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a6 w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi attivi<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a6 w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.656<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16a6 w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.100<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16a6 w20c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">556<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16a6 w20d h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16a7 w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale prov<span class=\"_ _1\"></span>enti finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">15.333<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a7 w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">16.832<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a7 w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(1.499)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a7 w20d h2c\"><div class=\"t m0 x1 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-8,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16a8 w20e h2c\"><div class=\"t m0 xc h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il dett<span class=\"_ _1\"></span>aglio degli <span class=\"fc8\">oneri finanzi<span class=\"_ _1\"></span>ari<span class=\"fc0\"> \u00e8 riportat<span class=\"_ _1\"></span>o nella seguent<span class=\"_ _1\"></span>e tabel<span class=\"_ _1\"></span>la:</span></span><table class=\"s w392 h740\" id=\"_05dab803-3093-49dc-9367-d482c07adada\"><tr><td></td><td class=\"c x294 y16a9 w20c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16a9 w20d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16a9 w20c h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16a9 w20d h2c\"><div class=\"t m0 x37 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16aa w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su finanziamenti bancari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">20.635<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24.105<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16aa w20c h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(3.470)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16aa w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-14,4%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ab w20b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su benefici ai dipendenti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ab w20c h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.082<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fb y16ab w20d h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.213<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y16ab w20c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(131)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ab w20d h2f\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-10,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ac w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>essi passivi su passivit\u00e0 per lease<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">405<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ac w20d h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">157<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ac w20c h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">248<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ac w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ad w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altri inte<span class=\"_ _1\"></span>ressi passive<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">56<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ad w20d h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">13<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ad w20c h2c\"><div class=\"t m0 x4e h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">43<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fd y16ad w20d h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">n.a.<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y16ae w20b h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale oneri finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x294 y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">22.178<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fb y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">25.488<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y16ae w20c h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(3.310)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fd y16ae w20d h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-13,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2fc y16af w20e h2f\"><div class=\"t m0 xc h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Gli <span class=\"_ _a\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _b\"></span>passivi <span class=\"_ _a\"></span>sui <span class=\"_ _b\"></span>finanziamenti <span class=\"_ _a\"></span>bancari <span class=\"_ _a\"></span>regi<span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>ano <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>riduzione <span class=\"_ _a\"></span>netta <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>3<span class=\"_ _4\"></span>,5 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ombinato <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>maggiori <span class=\"_ _9\"> </span>oneri <span class=\"_ _9\"> </span>finanziari <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onnessi <span class=\"_ _9\"> </span>alla <span class=\"_ _9\"> </span>prima <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>anche <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>80 <span class=\"_ _9\"> </span>milioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span>uro <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _d\"> </span>sotto<span class=\"_ _1\"></span>scritto <span class=\"_ _d\"> </span>con <span class=\"_ _c\"> </span>BEI <span class=\"_ _d\"> </span>tir<span class=\"_ _1\"></span>ata <span class=\"_ _c\"> </span>nel <span class=\"_ _d\"> </span>mese <span class=\"_ _c\"> </span>di <span class=\"_ _d\"> </span>aprile <span class=\"_ _d\"> </span>2024 <span class=\"_ _c\"> </span>e <span class=\"_ _d\"> </span>dai <span class=\"_ _c\"> </span>minor<span class=\"_ _4\"></span>i <span class=\"_ _c\"> </span>oneri <span class=\"_ _d\"> </span>finanzia<span class=\"_ _1\"></span>ri<span class=\"_ _41\"> </span>sull\u2019<span class=\"_ _6\"></span>esposizione a t<span class=\"_ _1\"></span>asso vari<span class=\"_ _1\"></span>abile. Il <span class=\"_ _1\"></span>tasso <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>indebitam<span class=\"_ _1\"></span>ento <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _1\"></span>2025 \u00e8 <span class=\"_ _1\"></span>risult<span class=\"_ _1\"></span>ato <span class=\"_ _1\"></span>pari <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>3,59% <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>riduzione <span class=\"_ _1\"></span>rispetto <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>o del<span class=\"_ _41\"> </span>2024. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "31.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Impost<span class=\"_ _1\"></span>e sul reddit<span class=\"_ _1\"></span>o del periodo<span class=\"_ _41\"> </span>Le <span class=\"_ _7\"> </span>impost<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>sul <span class=\"_ _7\"> </span>r<span class=\"_ _1\"></span>eddito  ammontano  complessiv<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>a <span class=\"_ _12\"> </span><span class=\"ls6\">39</span>.452  migliaia  di <span class=\"_ _7\"> </span>euro <span class=\"_ _7\"> </span>e  present<span class=\"_ _1\"></span>ano <span class=\"_ _7\"> </span>un<span class=\"_ _41\"> </span>de<span class=\"ls0\">cr<span class=\"_ _1\"></span>emento <span class=\"_ _6\"></span>complessivo <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>13.750 <span class=\"_ _6\"></span>migliaia <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>minore <span class=\"_ _6\"></span>base <span class=\"_ _1\"></span>imponibile <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>etto <span class=\"_ _6\"></span>della <span class=\"_ _1\"></span>fisc<span class=\"_ _1\"></span>alit\u00e0<span class=\"_ _41\"> </span></span>diff<span class=\"_ _1\"></span>erita.<span class=\"_ _41\"> </span>Le impost<span class=\"_ _1\"></span>e corre<span class=\"_ _1\"></span>nti e la fisc<span class=\"_ _1\"></span>alit\u00e0 diff<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>a sono riporta<span class=\"_ _1\"></span>te nella segue<span class=\"_ _1\"></span>nte t<span class=\"_ _1\"></span>abella:<table class=\"s w38d h742\" id=\"_debade63-d53d-4cee-bbb6-1d657a5abeb6\"><tr><td></td><td class=\"c x2f1 y16bb w4d h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16bb w4c h2f\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16bb w4d h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ariazioni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bb w4c h2f\"><div class=\"t m0 x2d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bc w1cf h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bc w4d h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">30.466<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bc w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">42.782<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bc w4d h2c\"><div class=\"t m0 x36 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">(12.316)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bc w4c h2c\"><div class=\"t m0 x32 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">-28,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bd w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IRAP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bd w4d h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">7.063<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bd w4c h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.073<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bd w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(2.010)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16bd w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-22,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16be w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale impost<span class=\"_ _1\"></span>e correnti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16be w4d h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">37.529<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16be w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">51.855<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16be w4d h2c\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(14.326)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16be w4c h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-27,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16bf w1cf h31\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>e anticipate<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16bf w4d h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.457<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16bf w4c h31\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.620<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16bf w4d h31\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">837<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x215 y16bf w4c h31\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">51,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16c0 w1cf h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>e differite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c0 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(534)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f2 y16c0 w4c h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(273)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f3 y16c0 w4d h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(261)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16c0 w4c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">95,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28f y16c1 w1cf h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale impost<span class=\"_ _1\"></span>e correnti, anticipat<span class=\"_ _1\"></span>e e differite<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f1 y16c1 w4d h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">39.452<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f2 y16c1 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">53.202<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f3 y16c1 w4d h2f\"><div class=\"t m0 x36 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">(13.750)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x215 y16c1 w4c h2f\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">-25,8%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f3 y16c2 w4e h2f\"><div class=\"t m0 x6e h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Pe<span class=\"_ _1\"></span>r mag<span class=\"_ _4\"></span>giori de<span class=\"_ _1\"></span>ttagli sulla ril<span class=\"_ _1\"></span>evazione dell<span class=\"_ _1\"></span>e imposte an<span class=\"_ _1\"></span>ticipate e diff<span class=\"_ _1\"></span>erite<span class=\"_ _1\"></span> si rinvia a quanto ripo<span class=\"_ _1\"></span>rtat<span class=\"_ _1\"></span>o nella<span class=\"_ _41\"> </span>nota <span class=\"lsc\">11.<span class=\"_ _41\"> </span></span>Il ta<span class=\"_ _1\"></span>x ra<span class=\"_ _1\"></span>te per l\u2019impos<span class=\"_ _1\"></span>ta IRE<span class=\"_ _1\"></span>S dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025 <span class=\"ls3b\">\u00e8 <span class=\"_ _4\"></span></span>risult<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a pari al 23% in<span class=\"_ _1\"></span> riduzione sia<span class=\"_ _1\"></span> rispetto all\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span>prece<span class=\"_ _1\"></span>dente per l\u2019<span class=\"_ _6\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o deriv<span class=\"_ _1\"></span>ante dall<span class=\"_ _1\"></span>\u2019utilizz<span class=\"_ _1\"></span>o di f<span class=\"_ _1\"></span>ondi tassa<span class=\"_ _1\"></span>ti che <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>l\u2019imposta t<span class=\"_ _1\"></span>eorica<span class=\"_ _1\"></span> del 24%.<table class=\"s w38f h741\" id=\"_1b9683a3-c593-4393-8757-d25340c3a20c\"><tr><td></td><td class=\"c x2f4 y16b0 w47 h7b\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td><td class=\"c x2f6 y16b0 w47 h7b\"><div class=\"t m0 x2a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x2f4 y16b1 w47 h406\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b1 w48 h406\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Incidenz<span class=\"_ _1\"></span>a %<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b1 w47 h406\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b1 w48 h406\"><div class=\"t m0 x92 h2 y2b9 ff6 fs6 fc0 sc0 ls56 ws0\">        <span class=\"ls0\">Incidenz<span class=\"_ _1\"></span>a %</span><span class=\"ls0\"><span class=\"ff1 fs0\"> </span></span></div></td></tr><tr><td class=\"c x270 y16b2 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile ante<span class=\"_ _1\"></span> imposte<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b2 w47 h2f\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">132.577<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2f6 y16b2 w47 h2f\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">178.917<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y16b3 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>a teorica<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b3 w47 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">31.818<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b3 w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b3 w47 h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">42.940<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b3 w48 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">24,0%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x207 y16b4 w393 h707\"><div class=\"t m0 x1fd h3cd y1498 ff13 fs6 fc0 sc0 ls0 ws0\">Eff<span class=\"_ _1\"></span>etto delle variazioni in aument<span class=\"_ _1\"></span>o/(dim.ne)<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y16b5 w394 h707\"><div class=\"t m0 x1fd h2 y1430 ff13 fs6 fc0 sc0 ls0 ws0\">rispett<span class=\"_ _1\"></span>o a<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>'imposta ordinaria<span class=\"_ _41\"> </span></div></td><td class=\"c x2f4 y16b6 w47 h11e\"><div class=\"t m0 x1f h2 y2d3 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x2f6 y16b6 w47 h11e\"><div class=\"t m0 x1f h2 y2d3 ff13 fs6 fc0 sc0 ls0 ws0\">-<span class=\"ff1 fs0\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y16b7 w204 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Spese non deducibili<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b7 w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">226<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y16b7 w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b7 w47 h2f\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">282<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y16b7 w48 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y16b8 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b8 w47 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(1.578)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f5 y16b8 w48 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-1,2%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b8 w47 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(440)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f7 y16b8 w48 h2c\"><div class=\"t m0 x33 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">-0,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y16b9 w204 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">IRES E<span class=\"_ _1\"></span>ffettiv<span class=\"_ _1\"></span>a<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f4 y16b9 w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">30.466<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f5 y16b9 w48 h2c\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">23,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2f6 y16b9 w47 h2c\"><div class=\"t m0 x34 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">42.782<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2f7 y16b9 w48 h2c\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">23,9%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c x2f6 y16ba w205 h2c\"><div class=\"t m0 x6e h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Il ta<span class=\"_ _1\"></span>x <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ate per l\u2019impost<span class=\"_ _1\"></span>a IRAP <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 202<span class=\"_ _4\"></span>5 \u00e8 risult<span class=\"_ _1\"></span>ato pari al 5,<span class=\"_ _4\"></span><span class=\"lsc\">33</span>% superiore<span class=\"_ _1\"></span> all\u2019imposta<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>eorica del<span class=\"_ _41\"> </span>4,<span class=\"ls0\">8% per la pr<span class=\"_ _1\"></span>esenz<span class=\"_ _1\"></span>a di pos<span class=\"_ _1\"></span>te non deducibili. </span>2025<span class=\"_ _41\"> </span>2024<span class=\"_ _41\"> </span>IRAPIncidenz<span class=\"_ _1\"></span>a %<span class=\"_ _41\"> </span>IRAPIncidenz<span class=\"_ _1\"></span>a %<span class=\"_ _41\"> </span>Utile ante<span class=\"_ _1\"></span> imposte<span class=\"_ _41\"> </span>132.577<span class=\"_ _41\"> </span>178.917<span class=\"_ _41\"> </span>Impost<span class=\"_ _1\"></span>a teorica<span class=\"_ _41\"> </span>6.364<span class=\"_ _41\"> </span>4,80%<span class=\"_ _41\"> </span>8.552<span class=\"_ _41\"> </span>4,78%<span class=\"_ _41\"> </span>Eff<span class=\"_ _1\"></span>etto delle variazioni in aument<span class=\"_ _1\"></span>o/(dim.ne)<span class=\"_ _41\"> </span>rispett<span class=\"_ _1\"></span>o a<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>'imposta ordinaria<span class=\"_ _41\"> </span>-<span class=\"_ _41\"> </span>-<span class=\"_ _41\"> </span>Altre<span class=\"_ _41\"> </span>312<span class=\"_ _41\"> </span>0,2%<span class=\"_ _41\"> </span>125<span class=\"_ _41\"> </span>0,1%<span class=\"_ _41\"> </span>Oneri e pro<span class=\"_ _1\"></span>venti finanziari<span class=\"_ _41\"> </span>388<span class=\"_ _41\"> </span>0,3%<span class=\"_ _41\"> </span>396<span class=\"_ _41\"> </span>0,2%<span class=\"_ _41\"> </span>IRAP E<span class=\"_ _1\"></span>ffettiva<span class=\"_ _41\"> </span>7.064<span class=\"_ _41\"> </span>5,33%<span class=\"_ _41\"> </span>9.073<span class=\"_ _41\"> </span>5,1%<span class=\"_ _41\"> </span>(migliaia di euro",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "32.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Info<span class=\"_ _1\"></span>rmativa p<span class=\"_ _1\"></span>er settori oper<span class=\"_ _1\"></span>ativi L<span class=\"_ _6\"></span>\u2019inf<span class=\"_ _1\"></span>ormativa <span class=\"_ _5\"></span>rela<span class=\"_ _1\"></span>tiva <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>sett<span class=\"_ _1\"></span>ori <span class=\"_ _a\"></span>operativi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>sta<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>predi<span class=\"_ _1\"></span>sposta <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>disposizioni <span class=\"_ _a\"></span>dell\u2019IFR<span class=\"_ _1\"></span>S <span class=\"_ _a\"></span>8 <span class=\"_ _a\"></span>\u201cSettori<span class=\"_ _41\"> </span>Oper<span class=\"_ _1\"></span>ativi\u201d <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evedono <span class=\"_ _4\"></span>l<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>prese<span class=\"_ _1\"></span>ntazione dell\u2019inf<span class=\"_ _1\"></span>ormativa coere<span class=\"_ _1\"></span>ntemen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>con le<span class=\"_ _4\"></span> modalit\u00e0 <span class=\"_ _4\"></span>adott<span class=\"_ _1\"></span>ate dal<span class=\"_ _41\"> </span>\u201cChief <span class=\"_ _4\"></span>Opera<span class=\"_ _1\"></span>ting <span class=\"_ _4\"></span>Decision <span class=\"_ _4\"></span>Mak<span class=\"_ _1\"></span>er<span class=\"_ _4\"></span>\u201d <span class=\"_ _5\"></span>(CODM), <span class=\"_ _4\"></span>individuat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _11\"></span>Am<span class=\"_ _4\"></span>minis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>Delega<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Capogruppo. Ai <span class=\"_ _1\"></span>fini <span class=\"_ _6\"></span>ges<span class=\"_ _1\"></span>tionali, <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>ENA<span class=\"_ _6\"></span>V <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>or<span class=\"_ _1\"></span>ganizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ra<span class=\"_ _1\"></span>tegiche <span class=\"_ _6\"></span>identifica<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>natur<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>dei <span class=\"_ _6\"></span>ser<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span>zi<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orniti <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>esenta<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>ai <span class=\"_ _9\"> </span>fini <span class=\"_ _b\"></span>del <span class=\"_ _9\"> </span>monitor<span class=\"_ _1\"></span>aggio <span class=\"_ _9\"> </span>da <span class=\"_ _b\"> </span>parte <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>management, <span class=\"_ _b\"></span>tre <span class=\"_ _9\"> </span>se<span class=\"_ _1\"></span>ttori <span class=\"_ _9\"> </span>op<span class=\"_ _4\"></span>er<span class=\"_ _1\"></span>ativi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>seguito<span class=\"_ _41\"> </span>illus<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2 fc8\">Servizi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>assistenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>volo<span class=\"fc0\">: <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>settor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>coincide <span class=\"_ _4\"></span>con <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>enti<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _5\"></span>leg<span class=\"_ _1\"></span>ale <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _4\"></span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _41\"> </span></span></span></span>che <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>come <span class=\"_ _4\"></span><span class=\"ff8\">core <span class=\"_ _4\"></span>busines<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span><span class=\"ff2\"> l\u2019<span class=\"_ _6\"></span>erog<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>servizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>gestione <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontroll<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>traffico <span class=\"_ _4\"></span>aer<span class=\"_ _1\"></span>eo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>non<span class=\"_ _4\"></span>ch\u00e9<span class=\"_ _41\"> </span></span></span>gli  altri  servizi  es<span class=\"_ _1\"></span>senziali  per  la  na<span class=\"_ _1\"></span>vig<span class=\"_ _1\"></span>azione,  nei  cieli  it<span class=\"_ _1\"></span>aliani  e  negli  ae<span class=\"_ _1\"></span>roporti <span class=\"_ _10\"> </span>civili  nazi<span class=\"_ _1\"></span>onali  di<span class=\"_ _41\"> </span>compet<span class=\"_ _1\"></span>enza,<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>assicur<span class=\"_ _1\"></span>ando  i  massimi  sta<span class=\"_ _1\"></span>ndard  tecnici<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>e  di  siste<span class=\"_ _1\"></span>ma <span class=\"_ _7\"> </span>nella  sic<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>a  del  volo  ed  il<span class=\"_ _41\"> </span>potenzia<span class=\"_ _1\"></span>mento te<span class=\"_ _1\"></span>cnologico-in<span class=\"_ _1\"></span>fras<span class=\"_ _1\"></span>trutturale degl<span class=\"_ _1\"></span>i impianti di assis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a al volo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2 fc8\">Servizi di manutenzione<span class=\"fc0\">:<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>il sett<span class=\"_ _1\"></span>ore oper<span class=\"_ _1\"></span>ativo coinci<span class=\"_ _1\"></span>de con la contr<span class=\"_ _1\"></span>ollat<span class=\"_ _1\"></span>a T<span class=\"_ _6\"></span>echno Sky S.r<span class=\"_ _2\"></span>.l. che ha come<span class=\"_ _41\"> </span></span></span></span>core busines<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span><span class=\"ff2\"> la c<span class=\"_ _1\"></span>onduzione t<span class=\"_ _1\"></span>ecnica e la manut<span class=\"_ _1\"></span>enzione degli impian<span class=\"_ _1\"></span>ti e dei sist<span class=\"_ _1\"></span>emi per il contr<span class=\"_ _1\"></span>ollo del<span class=\"_ _41\"> </span></span>tra<span class=\"_ _1\"></span>ffico aereo. Le <span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>fras<span class=\"_ _1\"></span>truttur<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _2\"></span>aria, <span class=\"_ _4\"></span>inf<span class=\"_ _1\"></span>atti, al pari delle <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>tre infr<span class=\"_ _1\"></span>astrutture logis<span class=\"_ _1\"></span>tiche <span class=\"_ _4\"></span>del sis<span class=\"_ _1\"></span>tema<span class=\"_ _41\"> </span>Pa<span class=\"_ _1\"></span>ese, <span class=\"_ _c\"> </span>necessitano <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>manute<span class=\"_ _1\"></span>nzione <span class=\"_ _c\"> </span>continua<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>vil<span class=\"_ _4\"></span>uppo <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>ostan<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>g<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>antire <span class=\"_ _12\"> </span>s<span class=\"_ _4\"></span>icur<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>a,<span class=\"_ _41\"> </span>puntualit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>conti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tiva. <span class=\"_ _5\"></span>Ci\u00f2<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>pera<span class=\"_ _1\"></span>ltro <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>indic<span class=\"_ _1\"></span>ato <span class=\"_ _5\"></span>chiara<span class=\"_ _1\"></span>mente <span class=\"_ _5\"></span>dalla <span class=\"_ _5\"></span>normativ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>comunit<span class=\"_ _1\"></span>aria<span class=\"_ _41\"> </span>del Cielo Unico Eur<span class=\"_ _1\"></span>opeo che, da un lat<span class=\"_ _1\"></span>o, definisce<span class=\"_ _1\"></span> il futuro asse<span class=\"_ _1\"></span>tto del siste<span class=\"_ _1\"></span>ma di <span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>estione del tr<span class=\"_ _1\"></span>affico<span class=\"_ _41\"> </span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _1\"></span>e, <span class=\"_ _1\"></span>dall<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>altro<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>abilisce <span class=\"_ _1\"></span>quelli<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>sar<span class=\"_ _1\"></span>anno <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>tar<span class=\"_ _1\"></span>get <span class=\"_ _6\"></span>tecnologici, <span class=\"_ _6\"></span>qualita<span class=\"_ _1\"></span>tivi, <span class=\"_ _1\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _1\"></span>ed <span class=\"_ _6\"></span>ambientali<span class=\"_ _41\"> </span>a cui tutti i <span class=\"ff8\">service pro<span class=\"_ _1\"></span>vider<span class=\"ff2\"> dovra<span class=\"_ _1\"></span>nno attener<span class=\"_ _1\"></span>si;<span class=\"_ _41\"> </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2 fc8\">Servizi di <span class=\"_ _1\"></span>soluzioni softw<span class=\"_ _1\"></span>are AIM<span class=\"fc0\">: <span class=\"_ _1\"></span>il settor<span class=\"_ _1\"></span>e oper<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>coincide <span class=\"_ _1\"></span>con la c<span class=\"_ _1\"></span>ontroll<span class=\"_ _1\"></span>ata <span class=\"_ _1\"></span>IDS AirNa<span class=\"_ _1\"></span>v S.r<span class=\"_ _2\"></span>.l. che <span class=\"_ _1\"></span>si<span class=\"_ _41\"> </span></span></span></span>occupa dello sviluppo di soluzioni softwar<span class=\"_ _1\"></span>e nei settori della gestione delle inf<span class=\"_ _1\"></span>ormazioni aeronautich<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>e  del  traffico  aer<span class=\"_ _1\"></span>eo  ed <span class=\"_ _7\"> </span>erog<span class=\"_ _1\"></span>azione  dei  rel<span class=\"_ _1\"></span>ativi  servizi <span class=\"_ _7\"> </span>commer<span class=\"_ _1\"></span>ciali  e  di <span class=\"_ _7\"> </span>manu<span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>enzione,  prodotti<span class=\"_ _41\"> </span>attualmen<span class=\"_ _1\"></span>te adott<span class=\"_ _1\"></span>ati da va<span class=\"_ _1\"></span>ri clienti in It<span class=\"_ _1\"></span>alia, Eur<span class=\"_ _1\"></span>opa e nei P<span class=\"_ _1\"></span>aesi extr<span class=\"_ _1\"></span>aeurope<span class=\"_ _1\"></span>i.  E\u2019 inoltre pre<span class=\"_ _1\"></span>vist<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>olonna <span class=\"_ _4\"></span><span class=\"fc8\">Altri servizi </span>che include le attivi<span class=\"_ _1\"></span>t\u00e0 residuali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del Gruppo<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>che non ricado<span class=\"_ _1\"></span>no nei<span class=\"_ _41\"> </span>settori <span class=\"_ _1\"></span>sopra menziona<span class=\"_ _1\"></span>ti e non pr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano indica<span class=\"_ _1\"></span>tori di impairmen<span class=\"_ _1\"></span>t.<span class=\"_ _41\"> </span>Nessun <span class=\"_ _1\"></span>settor<span class=\"_ _1\"></span>e oper<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>\u00e8 s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to aggr<span class=\"_ _1\"></span>ega<span class=\"_ _1\"></span>to al<span class=\"_ _1\"></span> fine di <span class=\"_ _1\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>i sett<span class=\"_ _1\"></span>ori oper<span class=\"_ _1\"></span>ativi <span class=\"_ _1\"></span>og<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etto <span class=\"_ _1\"></span>di inf<span class=\"_ _1\"></span>ormativ<span class=\"_ _1\"></span>a<span class=\"_ _41\"> </span>di seguito in<span class=\"_ _1\"></span>dicati per gli es<span class=\"_ _1\"></span>ercizi<span class=\"_ _1\"></span> 20<span class=\"_ _4\"></span>25 e 2024.<span class=\"_ _41\"> </span>Eserci<span class=\"_ _1\"></span>zio 2025<span class=\"_ _41\"> </span>Servizi di<span class=\"_ _41\"> </span>Rettifich<span class=\"_ _1\"></span>e/<span class=\"_ _41\"> </span>assistenz<span class=\"_ _1\"></span>a al<span class=\"_ _41\"> </span>Servizi di<span class=\"_ _41\"> </span>Soluzioni<span class=\"_ _41\"> </span>Riclassifiche<span class=\"_ _41\"> </span>Gruppo Ena<span class=\"_ _1\"></span>v<span class=\"_ _41\"> </span>volo<span class=\"_ _41\"> </span>manutenzion<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>Softwar<span class=\"_ _1\"></span>e AIM<span class=\"_ _41\"> </span>Altri sett<span class=\"_ _1\"></span>ori<span class=\"_ _41\"> </span>consolidamen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>Ricavi v<span class=\"_ _1\"></span>erso terzi<span class=\"_ _41\"> </span>982.516<span class=\"_ _41\"> </span>14.951<span class=\"_ _41\"> </span>25.351<span class=\"_ _41\"> </span>1.870<span class=\"_ _41\"> </span>(8)1.024.680<span class=\"_ _41\"> </span>Ricavi in<span class=\"_ _1\"></span>trasettoriali<span class=\"_ _41\"> </span>8.758<span class=\"_ _41\"> </span>93.478<span class=\"_ _41\"> </span>7.261<span class=\"_ _41\"> </span>536<span class=\"_ _41\"> </span>(110.033)<span class=\"_ _41\"> </span>0<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi<span class=\"_ _41\"> </span>991.274108.429<span class=\"_ _41\"> </span>32.612<span class=\"_ _41\"> </span>2.406<span class=\"_ _41\"> </span>(110.041)1.024.680<span class=\"_ _41\"> </span>Costi del pe<span class=\"_ _1\"></span>rsonale<span class=\"_ _41\"> </span>(547.922)(71.080)<span class=\"_ _41\"> </span>(13.574)<span class=\"_ _41\"> </span>0<span class=\"_ _41\"> </span>0(632.576<span class=\"_ _41\"> </span>Altri cos<span class=\"_ _1\"></span>ti netti<span class=\"_ _41\"> </span>(206.858)(25.162)<span class=\"_ _41\"> </span>(12.879)(1.993)<span class=\"_ _41\"> </span>107.457(139.435<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>ti operativi<span class=\"_ _41\"> </span>(754.780)(96.242)<span class=\"_ _41\"> </span>(26.453)(1.993)<span class=\"_ _41\"> </span>107.457(772.011<span class=\"_ _41\"> </span>EBITDA<span class=\"_ _41\"> </span>236.494<span class=\"_ _41\"> </span>12.187<span class=\"_ _41\"> </span>6.159<span class=\"_ _41\"> </span>413<span class=\"_ _41\"> </span>(2.584)252.669<span class=\"_ _41\"> </span>Ammortamenti<span class=\"_ _41\"> </span>netto<span class=\"_ _41\"> </span>contributi<span class=\"_ _41\"> </span>su<span class=\"_ _41\"> </span>(109.938)<span class=\"_ _41\"> </span>(809)<span class=\"_ _41\"> </span>(376)<span class=\"_ _41\"> </span>(352)<span class=\"_ _41\"> </span>2.206(109.269<span class=\"_ _41\"> </span>inv<span class=\"_ _1\"></span>estimenti<span class=\"_ _41\"> </span>Svalut<span class=\"_ _1\"></span>azioni e<span class=\"_ _41\"> </span>(2.098)<span class=\"_ _41\"> </span>(15)<span class=\"_ _41\"> </span>(632)<span class=\"_ _41\"> </span>0<span class=\"_ _41\"> </span>0<span class=\"_ _41\"> </span>(2.745<span class=\"_ _41\"> </span>accantonamen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>EBIT<span class=\"_ _41\"> </span>124.458<span class=\"_ _41\"> </span>11.363<span class=\"_ _41\"> </span>5.151<span class=\"_ _41\"> </span>61<span class=\"_ _41\"> </span>(378)140.655<span class=\"_ _41\"> </span>Prov<span class=\"_ _1\"></span>enti/(oneri) finanziari<span class=\"_ _41\"> </span>(7.163)<span class=\"_ _41\"> </span>(280)<span class=\"_ _41\"> </span>(534)<span class=\"_ _41\"> </span>(100)<span class=\"_ _41\"> </span>(1)<span class=\"_ _41\"> </span>(8.078<span class=\"_ _41\"> </span>Utile/(Perd<span class=\"_ _1\"></span>ita) ante impos<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>117.295<span class=\"_ _41\"> </span>11.083<span class=\"_ _41\"> </span>4.617<span class=\"_ _41\"> </span>(39)<span class=\"_ _41\"> </span>(379)132.577<span class=\"_ _41\"> </span>Impost<span class=\"_ _1\"></span>e dell'esercizio<span class=\"_ _41\"> </span>(35.038)<span class=\"_ _41\"> </span>(3.254)<span class=\"_ _41\"> </span>(1.403)<span class=\"_ _41\"> </span>145<span class=\"_ _41\"> </span>98(39.452<span class=\"_ _41\"> </span>Utile/(Perd<span class=\"_ _1\"></span>ita) dell'esercizio<span class=\"_ _41\"> </span>82.257<span class=\"_ _41\"> </span>7.829<span class=\"_ _41\"> </span>3.214<span class=\"_ _41\"> </span>106<span class=\"_ _41\"> </span>(281)<span class=\"_ _41\"> </span>93.12<span class=\"_ _41\"> </span>consolidat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>otale A<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span>2.295.316157.466<span class=\"_ _41\"> </span>50.06178.152<span class=\"_ _41\"> </span>(264.461)2.316.534<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>assivit\u00e0<span class=\"_ _41\"> </span>1.194.425<span class=\"_ _41\"> </span>71.718<span class=\"_ _41\"> </span>27.93311.927<span class=\"_ _41\"> </span>(158.390)1.147.613<span class=\"_ _41\"> </span>Indebit<span class=\"_ _1\"></span>amento<span class=\"_ _41\"> </span>Finanziario<span class=\"_ _41\"> </span>(148.081)<span class=\"_ _41\"> </span>1.560<span class=\"_ _41\"> </span>3.577<span class=\"_ _41\"> </span>5.494<span class=\"_ _41\"> </span>0(137.450<span class=\"_ _41\"> </span>Nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>(migliaia<span class=\"_ _1\"></span> di euro<span class=\"_ _41\"> </span>Eserci<span class=\"_ _1\"></span>zio 2024<table class=\"s w35e h746\" id=\"_918cf326-3b3c-4e53-bd70-63727d0be763\"><tr><td></td><td></td><td class=\"c x314 y16ec w397 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Servizi di<span class=\"_ _41\"> </span></div></td><td class=\"c x315 y16ed w397 h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Servizi di<span class=\"_ _41\"> </span></div></td><td class=\"c x316 y16ed w3ab h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Soluzioni<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x317 y16ec w3ac h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Rettifich<span class=\"_ _1\"></span>e /<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c x318 y16ee w3ad h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">assistenz<span class=\"_ _1\"></span>a al</div></td><td class=\"c x319 y16ef w39d h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">manutenzion<span class=\"_ _1\"></span>e</div></td><td class=\"c x31a y16ef w39e h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Softwar<span class=\"_ _1\"></span>e AIM<span class=\"_ _41\"> </span></div></td><td class=\"c x31b y16f0 w21a h409\"><div class=\"t m0 xa5 hbd yfb ff6 fs8 fc0 sc0 ls0 ws0\">Altri sett<span class=\"_ _1\"></span>ori<span class=\"ff1\"> </span></div></td><td class=\"c x31c y16ee w39b h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Riclassifiche<span class=\"_ _41\"> </span></div></td><td class=\"c x31d y16f0 w1f7 h409\"><div class=\"t m0 x48 hbd yfb ff6 fs8 fc0 sc0 ls0 ws0\">Gruppo Ena<span class=\"_ _1\"></span>v<span class=\"ff1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x31e y16f1 w3ae h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">volo<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td class=\"c x31f y16f1 w32c h70e\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">consolidamen<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td class=\"c x320 y16f2 w216 h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi v<span class=\"_ _1\"></span>erso terzi<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f2 w217 h2f\"><div class=\"t m0 x7e h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">1.000.347<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16f2 w218 h2f\"><div class=\"t m0 x2f h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">10.075<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16f2 w219 h2f\"><div class=\"t m0 x4c h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">24.478<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16f2 w21a h2f\"><div class=\"t m0 x1 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">1.856<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16f2 w21b h2f\"><div class=\"t m0 x37 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(11)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f2 w1f7 h2f\"><div class=\"t m0 x5a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">1.036.745<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y16f3 w216 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi in<span class=\"_ _1\"></span>trasettoriali<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f3 w217 h2c\"><div class=\"t m0 x51 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">9.613<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16f3 w218 h2c\"><div class=\"t m0 x2f h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">90.967<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16f3 w219 h2c\"><div class=\"t m0 x1de h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">5.736<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16f3 w21a h2c\"><div class=\"t m0 x33 h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">120<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y16f3 w21b h2c\"><div class=\"t m0 x67 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(106.436)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f3 w1f7 h2c\"><div class=\"t m0 xf8 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y16f4 w216 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale rica<span class=\"_ _1\"></span>vi<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f4 w217 h2c\"><div class=\"t m0 x7e h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">1.009.960<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y16f4 w218 h2c\"><div class=\"t m0 x67 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">101.042<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y16f4 w219 h2c\"><div class=\"t m0 x4c h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">30.214<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y16f4 w21a h2c\"><div class=\"t m0 x1 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">1.976<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y16f4 w21b h2c\"><div class=\"t m0 x67 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(106.447)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f4 w1f7 h2c\"><div class=\"t m0 x5a h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">1.036.745<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x320 y16f5 w216 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Costi del pe<span class=\"_ _1\"></span>rsonale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f5 w217 h2c\"><div class=\"t m0 x48 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(515.334)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16f5 w218 h2c\"><div class=\"t m0 x51 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(66.156)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16f5 w219 h2c\"><div class=\"t m0 x31 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(10.945)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16f5 w21a h2c\"><div class=\"t m0 x65 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16f5 w21b h2c\"><div class=\"t m0 x58 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f5 w1f7 h2c\"><div class=\"t m0 x59 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(592.435)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y16f6 w216 h2f\"><div class=\"t m0 x0 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">Altri cos<span class=\"_ _1\"></span>ti netti<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f6 w217 h2f\"><div class=\"t m0 x48 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">(199.590)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16f6 w218 h2f\"><div class=\"t m0 x51 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">(22.633)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16f6 w219 h2f\"><div class=\"t m0 x31 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">(14.239)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16f6 w21a h2f\"><div class=\"t m0 x4d h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">(1.904)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16f6 w21b h2f\"><div class=\"t m0 xe7 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">104.980<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f6 w1f7 h2f\"><div class=\"t m0 x59 h2 y868 ffb fs6 fc0 sc0 ls0 ws0\">(133.386)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y16f7 w216 h38\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale cos<span class=\"_ _1\"></span>ti operativi<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f7 w217 h38\"><div class=\"t m0 x48 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(714.924)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16f7 w218 h38\"><div class=\"t m0 x51 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(88.789)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16f7 w219 h38\"><div class=\"t m0 x4f h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(25.184)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16f7 w21a h38\"><div class=\"t m0 x4d h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(1.904)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16f7 w21b h38\"><div class=\"t m0 xe7 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">104.980<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31d y16f7 w1f7 h38\"><div class=\"t m0 x59 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(725.821)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y16f8 w216 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">EBITDA<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16f8 w217 h2c\"><div class=\"t m0 xa5 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">295.036<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y16f8 w218 h2c\"><div class=\"t m0 x2f h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">12.253<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y16f8 w219 h2c\"><div class=\"t m0 x1de h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">5.030<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y16f8 w21a h2c\"><div class=\"t m0 x4e h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">72<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y16f8 w21b h2c\"><div class=\"t m0 x32 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(1.467)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16f8 w1f7 h2c\"><div class=\"t m0 x31 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">310.924<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x325 y16f9 w39f h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Ammortamenti<span class=\"_ _41\"> </span></div></td><td class=\"c x326 y16f9 w3af h730\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">netto<span class=\"_ _41\"> </span></div></td><td class=\"c x321 y16fa w217 h44\"><div class=\"t m0 x48 h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">(116.708)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16fa w218 h44\"><div class=\"t m0 x36 h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">(1.405)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16fa w219 h44\"><div class=\"t m0 x4d h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">(2.395)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16fa w21a h44\"><div class=\"t m0 x32 h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">(551)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16fa w21b h44\"><div class=\"t m0 x40 h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">1.350<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16fa w1f7 h44\"><div class=\"t m0 x59 h2 y533 ffb fs6 fc0 sc0 ls0 ws0\">(119.709)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x325 y16fb w3b0 h733\" colspan=\"2\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">contributi s<span class=\"_ _1\"></span>u investime<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x325 y16fc w3b1 h747\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Svalut<span class=\"_ _1\"></span>azioni<span class=\"_ _41\"> </span></div></td><td class=\"c x327 y16fc w3b2 h747\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">e<span class=\"_ _41\"> </span></div></td><td class=\"c x321 y16fd w217 h11e\"><div class=\"t m0 x2e h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">(3.237)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y16fd w218 h11e\"><div class=\"t m0 x40 h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">(15)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y16fd w219 h11e\"><div class=\"t m0 x32 h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">(756)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y16fd w21a h11e\"><div class=\"t m0 x1b h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">(4)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16fd w21b h11e\"><div class=\"t m0 x58 h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16fd w1f7 h11e\"><div class=\"t m0 x4d h2 y466 ffb fs6 fc0 sc0 ls0 ws0\">(4.012)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x325 y16fe w3a5 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">accantonamen<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x320 y16ff w216 h2f\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">EBIT<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y16ff w217 h2f\"><div class=\"t m0 xa5 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">175.091<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y16ff w218 h2f\"><div class=\"t m0 x2f h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">10.833<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y16ff w219 h2f\"><div class=\"t m0 x1de h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">1.879<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y16ff w21a h2f\"><div class=\"t m0 x32 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(483)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y16ff w21b h2f\"><div class=\"t m0 x2a h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(117)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y16ff w1f7 h2f\"><div class=\"t m0 x31 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">187.203<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x320 y1700 w216 h2c\" colspan=\"2\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Prov<span class=\"_ _1\"></span>enti/(oneri) finanziari<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x321 y1700 w217 h2c\"><div class=\"t m0 x2e h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(7.943)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y1700 w218 h2c\"><div class=\"t m0 x4a h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(307)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y1700 w219 h2c\"><div class=\"t m0 x4e h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(8)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y1700 w21a h2c\"><div class=\"t m0 x1db h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(26)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y1700 w21b h2c\"><div class=\"t m0 x3e h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(2)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1700 w1f7 h2c\"><div class=\"t m0 x4d h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(8.286)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x320 y1701 w216 h2c\" colspan=\"2\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">Utile/(Perd<span class=\"_ _1\"></span>ita) <span class=\"_ _1\"></span>ante <span class=\"_ _1\"></span>imposte<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x321 y1701 w217 h2c\"><div class=\"t m0 xa5 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">167.148<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y1701 w218 h2c\"><div class=\"t m0 x2f h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">10.526<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y1701 w219 h2c\"><div class=\"t m0 x1de h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">1.871<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y1701 w21a h2c\"><div class=\"t m0 x32 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(509)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y1701 w21b h2c\"><div class=\"t m0 x2a h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(119)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1701 w1f7 h2c\"><div class=\"t m0 x31 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">178.917<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x320 y1702 w216 h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Impost<span class=\"_ _1\"></span>e  dell'esercizio<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y1702 w217 h2c\"><div class=\"t m0 xa5 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(48.957)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y1702 w218 h2c\"><div class=\"t m0 x36 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(3.104)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x323 y1702 w219 h2c\"><div class=\"t m0 x32 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(594)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y1702 w21a h2c\"><div class=\"t m0 x32 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(565)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y1702 w21b h2c\"><div class=\"t m0 xab h2 y328 ffb fs6 fc0 sc0 ls16 ws0\">18<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31d y1702 w1f7 h2c\"><div class=\"t m0 x4f h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">(53.202)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x325 y1703 w3a6 h71e\" colspan=\"2\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Utile/(Perd<span class=\"_ _1\"></span>ita) dell'esercizio<span class=\"_ _41\"> </span></div></td><td class=\"c x321 y1704 w217 h44\"><div class=\"t m0 xa5 h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">118.191<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y1704 w218 h44\"><div class=\"t m0 x34 h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">7.422<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y1704 w219 h44\"><div class=\"t m0 x1de h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">1.277<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y1704 w21a h44\"><div class=\"t m0 x4d h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">(1.074)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x324 y1704 w21b h44\"><div class=\"t m0 x2a h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">(101)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1704 w1f7 h44\"><div class=\"t m0 x31 h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">125.715<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x325 y1705 w3a7 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">consolidat<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x320 y1706 w216 h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale A<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y1706 w217 h2c\"><div class=\"t m0 x7e h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">2.388.047<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y1706 w218 h2c\"><div class=\"t m0 x67 h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">130.679<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y1706 w219 h2c\"><div class=\"t m0 x4c h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">39.637<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y1706 w21a h2c\"><div class=\"t m0 x4c h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">83.670<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y1706 w21b h2c\"><div class=\"t m0 x67 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">(269.112)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1706 w1f7 h2c\"><div class=\"t m0 x5a h2 y328 ff6 fs6 fc0 sc0 ls16 ws0\">2.372.921<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x320 y1707 w216 h38\"><div class=\"t m0 x0 h2 y868 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale P<span class=\"_ _1\"></span>assivit\u00e0<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x321 y1707 w217 h38\"><div class=\"t m0 x7e h2 y868 ff6 fs6 fc0 sc0 ls16 ws0\">1.219.106<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x322 y1707 w218 h38\"><div class=\"t m0 x2f h2 y868 ff6 fs6 fc0 sc0 ls16 ws0\">56.035<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y1707 w219 h38\"><div class=\"t m0 x4c h2 y868 ff6 fs6 fc0 sc0 ls16 ws0\">25.847<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x31b y1707 w21a h38\"><div class=\"t m0 x1 h2 y868 ff6 fs6 fc0 sc0 ls16 ws0\">9.657<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y1707 w21b h38\"><div class=\"t m0 x67 h2 y868 ff6 fs6 fc0 sc0 ls0 ws0\">(167.080)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1707 w1f7 h38\"><div class=\"t m0 x5a h2 y868 ff6 fs6 fc0 sc0 ls16 ws0\">1.143.565<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x325 y1708 w3a8 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Indebit<span class=\"_ _1\"></span>amento</div></td><td class=\"c x328 y1708 w3b3 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Finanziario<span class=\"_ _41\"> </span></div></td><td class=\"c x321 y1709 w217 h44\"><div class=\"t m0 x48 h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">(262.571)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x322 y1709 w218 h44\"><div class=\"t m0 x2a h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">872<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x323 y1709 w219 h44\"><div class=\"t m0 x4d h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">(2.453)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31b y1709 w21a h44\"><div class=\"t m0 x1 h2 y533 ff6 fs6 fc0 sc0 ls16 ws0\">5.881<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x324 y1709 w21b h44\"><div class=\"t m0 x58 h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x31d y1709 w1f7 h44\"><div class=\"t m0 x59 h2 y533 ff6 fs6 fc0 sc0 ls0 ws0\">(258.271)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x325 y170a w3aa h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">Nett<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x324 y170b w21d h2c\"><div class=\"t m0 x1d9 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "<div class=\"c w2 h0 gs1c\"><div class=\"t m0 x3 h4 y75a ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yd3d ff2 fs1 fc3 sc3 ls0 ws0\">33.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Pa<span class=\"_ _1\"></span>rti correla<span class=\"_ _1\"></span>te <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y75c ff2 fs1 fc0 sc0 ls0 ws0\">Le <span class=\"_ _7\"> </span>parti <span class=\"_ _7\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>del  G<span class=\"_ _4\"></span>ruppo  ENA<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>,  sono <span class=\"_ _7\"> </span>sta<span class=\"_ _1\"></span>te  identifica<span class=\"_ _1\"></span>te <span class=\"_ _7\"> </span>secondo  quanto  prev<span class=\"_ _1\"></span>isto  dallo  IAS <span class=\"_ _7\"> </span>24<span class=\"_ _4\"></span> </div><div class=\"t m0 x3 h4 y75d ff2 fs1 fc0 sc0 ls0 ws0\">\u201cInf<span class=\"_ _1\"></span>ormativa<span class=\"_ _1\"></span> <span class=\"_ _2b\"> </span>di <span class=\"_ _2b\"> </span>bilancio <span class=\"_ _17\"> </span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>operazioni <span class=\"_ _17\"> </span>con <span class=\"_ _2b\"> </span>parti <span class=\"_ _2b\"> </span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e\u201d<span class=\"_ _6\"></span>, <span class=\"_ _2b\"> </span>riguar<span class=\"_ _1\"></span>dano <span class=\"_ _2b\"> </span>oper<span class=\"_ _1\"></span>azioni <span class=\"_ _2b\"> </span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>te </div><div class=\"t m0 x3 h4 y75e ff2 fs1 fc0 sc0 ls0 ws0\">nell\u2019int<span class=\"_ _1\"></span>eresse <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>anno <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>ordinaria <span class=\"_ _4\"></span>ges<span class=\"_ _1\"></span>tio<span class=\"_ _4\"></span>ne <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>regol<span class=\"_ _1\"></span>ate, <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>dive<span class=\"_ _1\"></span>rsament<span class=\"_ _1\"></span>e </div><div class=\"t m0 x3 h4 y75f ff2 fs1 fc0 sc0 ls0 ws0\">indica<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, a <span class=\"_ _1\"></span>co<span class=\"_ _1\"></span>ndizioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>merc<span class=\"_ _1\"></span>ato. <span class=\"_ _1\"></span>In <span class=\"_ _1\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>17 <span class=\"_ _1\"></span>marzo <span class=\"_ _6\"></span>2025, il<span class=\"_ _1\"></span> Co<span class=\"_ _1\"></span>nsiglio <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>Capogruppo<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 y760 ff2 fs1 fc0 sc0 ls0 ws0\">ha  appr<span class=\"_ _1\"></span>ovat<span class=\"_ _1\"></span>o,  pre<span class=\"_ _1\"></span>vio  par<span class=\"_ _1\"></span>ere  f<span class=\"_ _1\"></span>avor<span class=\"_ _1\"></span>evole  del  Comit<span class=\"_ _1\"></span>ato  Con<span class=\"_ _1\"></span>trollo  e  Risc<span class=\"_ _1\"></span>hi  e  Parti  Corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e,  la  nuova </div><div class=\"t m0 x3 h4 y761 ff2 fs1 fc0 sc0 ls0 ws0\">Pr<span class=\"_ _1\"></span>ocedura <span class=\"_ _12\"> </span>per <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>disciplina <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span>le <span class=\"_ _c\"> </span>operazi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>parti <span class=\"_ _c\"> </span>corr<span class=\"_ _1\"></span>elate<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>rece<span class=\"_ _1\"></span>pisce <span class=\"_ _c\"> </span>l\u2019<span class=\"_ _6\"></span>emendamento <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>l </div><div class=\"t m0 x3 h4 y762 ff2 fs1 fc0 sc0 ls0 ws0\">Re<span class=\"_ _1\"></span>golamento  Parti  Correl<span class=\"_ _1\"></span>ate  attuat<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>da <span class=\"_ _7\"> </span>CONSOB  con <span class=\"_ _7\"> </span>Deliber<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>n.  21624 <span class=\"_ _7\"> </span>del  10<span class=\"_ _4\"></span>  dicembr<span class=\"_ _1\"></span>e <span class=\"_ _7\"> </span>2020 <span class=\"_ _7\"> </span>in </div><div class=\"t m0 x3 h4 y763 ff2 fs1 fc0 sc0 ls0 ws0\">attuazi<span class=\"_ _1\"></span>one della del<span class=\"_ _1\"></span>ega <span class=\"_ _1\"></span>cont<span class=\"_ _1\"></span>enuta nel<span class=\"_ _1\"></span> novel<span class=\"_ _1\"></span>lato <span class=\"_ _1\"></span>art. 2391-bis <span class=\"_ _1\"></span>del Codice<span class=\"_ _1\"></span> civile. T<span class=\"_ _2\"></span>ale proce<span class=\"_ _1\"></span>dura<span class=\"_ _1\"></span> \u00e8 r<span class=\"_ _1\"></span>edatta<span class=\"_ _1\"></span> in </div><div class=\"t m0 x3 h4 y764 ff2 fs1 fc0 sc0 ls0 ws0\">conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>suddetto <span class=\"_ _5\"></span>articolo <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Codice <span class=\"_ _a\"></span>civile<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>ottemper<span class=\"_ _1\"></span>anza<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>principi <span class=\"_ _a\"></span>detta<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>Regolamen<span class=\"_ _1\"></span>to </div><div class=\"t m0 x3 h4 y765 ff2 fs1 fc0 sc0 ls0 ws0\">re<span class=\"_ _1\"></span>cante<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>disposizioni in materia di operazioni con parti corre<span class=\"_ _1\"></span>late di <span class=\"_ _4\"></span>cui alla deliber<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>CONSOB<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>n. 17221 del </div><div class=\"t m0 x3 h4 y5d4 ff2 fs1 fc0 sc0 ls0 ws0\">12 marz<span class=\"_ _1\"></span>o 2010 e successiv<span class=\"_ _1\"></span>e modifiche e int<span class=\"_ _1\"></span>egrazi<span class=\"_ _1\"></span>oni.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y766 ff2 fs1 fc0 sc0 ls0 ws0\">Nelle <span class=\"_ _1\"></span>tabelle <span class=\"_ _1\"></span>seguenti sono<span class=\"_ _1\"></span> riporta<span class=\"_ _1\"></span>ti i saldi<span class=\"_ _1\"></span> economici<span class=\"_ _1\"></span> e pa<span class=\"_ _1\"></span>trimoniali deriv<span class=\"_ _1\"></span>anti <span class=\"_ _1\"></span>dai ra<span class=\"_ _1\"></span>pporti del <span class=\"_ _1\"></span>Gruppo con<span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 y767 ff2 fs1 fc0 sc0 ls0 ws0\">entit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>esterne <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _4\"></span>inclusi <span class=\"_ _5\"></span>quelli <span class=\"_ _5\"></span>rela<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>vi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>agli <span class=\"_ _4\"></span>amministr<span class=\"_ _1\"></span>atori, <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>sindaci <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>ai <span class=\"_ _4\"></span>dirigenti <span class=\"_ _5\"></span>con </div><div class=\"t m0 x3 h4 yad ff2 fs1 fc0 sc0 ls0 ws0\">re<span class=\"_ _1\"></span>spon<span class=\"_ _4\"></span>sa<span class=\"_ _1\"></span>bilit\u00e0 s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegiche rispe<span class=\"_ _1\"></span>ttivamente<span class=\"_ _1\"></span> per gli eserci<span class=\"_ _1\"></span>zi 2025 e 2024.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y768 ff3 fs1 fc0 sc0 ls0 ws0\"> </div></div><table class=\"s w3b4 h748\" id=\"_db1ad8a8-0fb0-48a8-91b0-f93e03fe2ff5\"><tr><td></td><td class=\"c x23a y170c w224 h2c\"><div class=\"t m0 xfb h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">Saldo al 31.12.2025<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x329 y170d w3b5 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x32a y170d w3b6 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Debiti</div></td><td class=\"c x32b y170e w3b7 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi e</div></td><td class=\"c x32c y170e w3b8 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Costi per beni e<span class=\"_ _41\"> </span></div></td><td class=\"c x32d y170d w3b9 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">Costi<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x32e y170f w3ba h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">commerciali<span class=\"_ _1\"></span> e</div></td><td class=\"c x32f y170f w3ba h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">commerciali<span class=\"_ _1\"></span> e<span class=\"_ _41\"> </span></div></td><td class=\"c x330 y1710 w3bb h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">altri rica<span class=\"_ _1\"></span>vi</div></td><td class=\"c x331 y1710 w3bc h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">servizi e altri</div></td><td class=\"c x332 y170f w3bd h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">god.<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x333 y1711 w3be h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">altre a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x334 y1711 w3bf h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">altre p<span class=\"_ _1\"></span>as<span class=\"_ _4\"></span>sivit<span class=\"_ _1\"></span>\u00e0</div></td><td class=\"c x335 y1712 w3c0 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">opera<span class=\"_ _1\"></span>tivi<span class=\"_ _41\"> </span></div></td><td class=\"c x336 y1712 w3c1 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fc0 sc0 ls0 ws0\">costi oper<span class=\"_ _1\"></span>ativi</div></td><td class=\"c x337 y1711 w3c2 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fc0 sc0 ls0 ws0\">beni di<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x338 y1713 w3c3 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti  e non<span class=\"_ _41\"> </span></div></td><td class=\"c x339 y1713 w3c4 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td></td><td></td><td class=\"c x33a y1713 w3c5 h733\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">terzi<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x23a y1714 w21e h40e\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Denominazione<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y1715 w21e h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Correlat<span class=\"_ _1\"></span>e esterne<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x23a y1716 w21e h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Min. dell'Economia e d<span class=\"_ _1\"></span>elle Finanze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y1716 w21f h2f\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.989<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33c y1716 w220 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">68.801<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y1716 w221 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.982<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33e y1716 w1b8 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y1716 w222 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1717 w21e h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Min. delle Infr<span class=\"_ _1\"></span>astrutture e dei T<span class=\"_ _6\"></span>rasporti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y1717 w21f h2f\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.308<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33c y1717 w220 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y1717 w221 h2f\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">43.072<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33e y1717 w1b8 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y1717 w222 h2f\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1718 w21e h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Gruppo Leonardo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y1718 w21f h2c\"><div class=\"t m0 x4a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">377<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33c y1718 w220 h2c\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.340<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y1718 w221 h2c\"><div class=\"t m0 x1de h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">168<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33e y1718 w1b8 h2c\"><div class=\"t m0 x37 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.928<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y1718 w222 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y1719 w21e h31\"><div class=\"t m0 x0 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">Gruppo CDP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y1719 w21f h31\"><div class=\"t m0 x4a h2 y2c3 ffb fs6 fc0 sc0 ls16 ws0\">329<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33c y1719 w220 h31\"><div class=\"t m0 xe7 h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">29.918<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y1719 w221 h31\"><div class=\"t m0 x1de h2 y2c3 ffb fs6 fc0 sc0 ls16 ws0\">902<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33e y1719 w1b8 h31\"><div class=\"t m0 x2a h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">13.070<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y1719 w222 h31\"><div class=\"t m0 x1db h2 y2c3 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y171a w21e h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IT<span class=\"_ _6\"></span>A Airways<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y171a w21f h2c\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.888<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33c y171a w220 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y171a w221 h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">76.873<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33e y171a w1b8 h2c\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y171a w222 h2c\"><div class=\"t m0 x1db h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x23a y171b w21e h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> correlate est<span class=\"_ _1\"></span>erne<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y171b w21f h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">41<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33c y171b w220 h2f\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">14<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33d y171b w221 h2f\"><div class=\"t m0 x35 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">79<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33e y171b w1b8 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">315<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33f y171b w222 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">28<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y171c w21e h2f\"><div class=\"t m0 x0 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Saldo di Bilancio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y171c w21f h2f\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">299.041<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33c y171c w220 h2f\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">349.172<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33d y171c w221 h2f\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.231.467<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33e y171c w1b8 h2f\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">172.425<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x33f y171c w222 h2f\"><div class=\"t m0 x4f h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.725<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x23a y171d w21e h2c\"><div class=\"t m0 x0 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">inc.% parti correlate sul saldo di Bil<span class=\"_ _1\"></span>an<span class=\"_ _4\"></span>cio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33b y171d w21f h2c\"><div class=\"t m0 x4d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">20,7%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33c y171d w220 h2c\"><div class=\"t m0 x32 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">33,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33d y171d w221 h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">10,9%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33e y171d w1b8 h2c\"><div class=\"t m0 x65 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">8,9%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x33f y171d w222 h2c\"><div class=\"t m0 x67 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">1,6%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x33e y171e w181 h2c\"><div class=\"t m0 x1dd h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table><table class=\"s w3c6 h749\" id=\"_0db4f52d-55d8-49e8-827d-06231a613f67\"><tr><td></td><td class=\"c x233 y171f w229 h2f\"><div class=\"t m0 x1b8 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">Saldo al 31.12.2024<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c x340 y1720 w3b5 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span></div></td><td class=\"c x341 y1720 w3c7 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Debiti</div></td><td class=\"c x342 y1721 w3c8 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Ricavi e<span class=\"_ _41\"> </span></div></td><td class=\"c x343 y1721 w3c9 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Costi per beni <span class=\"ls60\">e<span class=\"_ _41\"> </span></span></div></td><td class=\"c x344 y1720 w3ca h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">Costi<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x345 y1722 w3cb h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">commercial<span class=\"ls5f\">i <span class=\"ls60\">e</span></span></div></td><td class=\"c x346 y1722 w3cc h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">commerciali<span class=\"_ _1\"></span> e<span class=\"_ _41\"> </span></div></td><td class=\"c x347 y1723 w3bb h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">altri rica<span class=\"_ _1\"></span>vi</div></td><td class=\"c x348 y1723 w3bc h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">servizi e altri<span class=\"_ _41\"> </span></div></td><td class=\"c x349 y1722 w3cd h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">god.<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x34a y1724 w3ce h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">altre a<span class=\"_ _1\"></span>ttivit\u00e0<span class=\"_ _41\"> </span></div></td><td class=\"c x346 y1724 w3cf h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">altre passivit<span class=\"_ _1\"></span>\u00e0</div></td><td class=\"c x34b y1725 w3c0 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">opera<span class=\"_ _1\"></span>tivi<span class=\"_ _41\"> </span></div></td><td class=\"c x34c y1726 w3c1 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">costi oper<span class=\"_ _1\"></span>ativi</div></td><td class=\"c x34d y1724 w3d0 h718\"><div class=\"t m0 x1fd h30 y1513 ffb fs6 fc0 sc0 ls0 ws0\">beni di<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x34e y1727 w3d1 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td class=\"c x34f y1727 w3c4 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">corre<span class=\"_ _1\"></span>nti<span class=\"_ _41\"> </span></div></td><td></td><td></td><td class=\"c x350 y1727 w3c5 h718\"><div class=\"t m0 x1fd h2 y1430 ffb fs6 fc0 sc0 ls0 ws0\">terzi<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y1728 w225 h40f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Denominazione<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y1729 w225 h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Correlat<span class=\"_ _1\"></span>e esterne<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x233 y172a w225 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Min. dell'Economia e d<span class=\"_ _1\"></span>elle Finanze<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172a w226 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.890<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x352 y172a w227 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">61.325<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y172a w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.879<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y172a w228 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y172a w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y172b w225 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Min. delle Infr<span class=\"_ _1\"></span>astrutture e dei T<span class=\"_ _6\"></span>rasporti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172b w226 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">30.936<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x352 y172b w227 h2c\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y172b w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">35.770<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y172b w228 h2c\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y172b w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y172c w225 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Gruppo Leonardo<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172c w226 h2c\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">505<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x352 y172c w227 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.522<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y172c w113 h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">241<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y172c w228 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">1.150<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y172c w1fe h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y172d w225 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Gruppo CDP<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172d w226 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">616<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x352 y172d w227 h2f\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">484<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a1 y172d w113 h2f\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">973<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y172d w228 h2f\"><div class=\"t m0 xd6 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">953<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x353 y172d w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y172e w225 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">IT<span class=\"_ _6\"></span>A Airways<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172e w226 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.375<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x352 y172e w227 h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y172e w113 h2f\"><div class=\"t m0 x4b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">83.923<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y172e w228 h2f\"><div class=\"t m0 x5f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y172e w1fe h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y172f w225 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Altre<span class=\"_ _1\"></span> correlate est<span class=\"_ _1\"></span>erne<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y172f w226 h2c\"><div class=\"t m0 x1c h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x352 y172f w227 h2c\"><div class=\"t m0 x2d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">875<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a1 y172f w113 h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">83<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y172f w228 h2c\"><div class=\"t m0 xf8 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">3.694<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y172f w1fe h2c\"><div class=\"t m0 x2f h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">28<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1730 w225 h2c\"><div class=\"t m0 x0 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">Saldo di Bilancio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y1730 w226 h2c\"><div class=\"t m0 x51 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">251.102<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x352 y1730 w227 h2c\"><div class=\"t m0 x66 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">309.986<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2a1 y1730 w113 h2c\"><div class=\"t m0 x48 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.104.539<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2fc y1730 w228 h2c\"><div class=\"t m0 x35 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">160.202<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x353 y1730 w1fe h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.666<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1731 w225 h83\"><div class=\"t m0 x0 h2 y2b9 ff11 fs6 fc0 sc0 ls0 ws0\">inc.% parti correlate sul saldo di Bil<span class=\"_ _1\"></span>an<span class=\"_ _4\"></span>cio<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x351 y1731 w226 h83\"><div class=\"t m0 xe7 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">22,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x352 y1731 w227 h83\"><div class=\"t m0 x4e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">23,9%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2a1 y1731 w113 h83\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">11,9%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x2fc y1731 w228 h83\"><div class=\"t m0 x1c h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">3,6%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x353 y1731 w1fe h83\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">1,7%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"c x2fc y1732 w22a h2c\"><div class=\"t m0 x62 h2 y81e ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>La <span class=\"_ _a\"></span>natura <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>pr<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>ncipali <span class=\"_ _a\"></span>rapporti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sopra <span class=\"_ _5\"></span>riportati <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>entit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>elat<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>esterne, <span class=\"_ _a\"></span>intesi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>tali <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Minist<span class=\"_ _1\"></span>ero<span class=\"_ _41\"> </span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>Finanz<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>(MEF) <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _a\"></span>Inf<span class=\"_ _1\"></span>rastruttur<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>dei <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>raspo<span class=\"_ _1\"></span>rti <span class=\"_ _a\"></span>(MIT) <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>le <span class=\"_ _a\"></span>entit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _41\"> </span>sottopos<span class=\"_ _1\"></span>te  al <span class=\"_ _7\"> </span>contr<span class=\"_ _1\"></span>ollo  del <span class=\"_ _7\"> </span>MEF  \u00e8 <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>seguito  rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ata  oltre<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>che <span class=\"_ _7\"> </span>dett<span class=\"_ _1\"></span>agliat<span class=\"_ _1\"></span>amente  descritta  al<span class=\"_ _41\"> </span>comment<span class=\"_ _1\"></span>o delle singole<span class=\"_ _1\"></span> voci di bila<span class=\"_ _1\"></span>ncio nella nota illus<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>ativa:<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _4\"></span>ra<span class=\"_ _1\"></span>pporti <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>MEF <span class=\"_ _4\"></span>si <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _4\"></span>p<span class=\"_ _1\"></span>rincipalmente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>rapporti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>edito <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>rica<span class=\"_ _1\"></span>vo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>rimbor<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>delle<span class=\"_ _41\"> </span></span></span>tariff<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>elative ai<span class=\"_ _1\"></span> servizi erog<span class=\"_ _1\"></span>ati dalla<span class=\"_ _1\"></span> Capogruppo in r<span class=\"_ _1\"></span>egime di esenzione<span class=\"_ _1\"></span> e che sono pos<span class=\"_ _1\"></span>ti a caric<span class=\"_ _1\"></span>o del<span class=\"_ _41\"> </span>MEF <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>formit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>norma<span class=\"_ _1\"></span>tive <span class=\"_ _1\"></span>euro<span class=\"_ _1\"></span>pee <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ital<span class=\"_ _1\"></span>iane, <span class=\"_ _1\"></span>oltre <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>posizioni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>debito <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>importi <span class=\"_ _1\"></span>inca<span class=\"_ _1\"></span>ssati<span class=\"_ _41\"> </span>dalla <span class=\"_ _1\"></span>Capogruppo e<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>lative <span class=\"_ _1\"></span>alle <span class=\"_ _1\"></span>quote <span class=\"_ _1\"></span>di c<span class=\"_ _1\"></span>ompetenz<span class=\"_ _1\"></span>a d<span class=\"_ _1\"></span>ell\u2019<span class=\"_ _11\"></span>Aeronautica<span class=\"_ _1\"></span> Milit<span class=\"_ _1\"></span>are <span class=\"_ _1\"></span>Italia<span class=\"_ _1\"></span>na per <span class=\"_ _1\"></span>le t<span class=\"_ _1\"></span>ariffe<span class=\"_ _1\"></span> di<span class=\"_ _41\"> </span>rott<span class=\"_ _1\"></span>a. <span class=\"_ _c\"> </span>T<span class=\"_ _6\"></span>al<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>debit<span class=\"_ _1\"></span>o, <span class=\"_ _12\"> </span>a <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>alle <span class=\"_ _12\"> </span>dell\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>ovazione <span class=\"_ _12\"> </span>del <span class=\"_ _12\"> </span>Bilancio <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>Eser<span class=\"_ _1\"></span>cizio <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>,<span class=\"_ _4\"></span> <span class=\"_ _12\"> </span>viene <span class=\"_ _12\"> </span>post<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>in<span class=\"_ _41\"> </span>compensa<span class=\"_ _1\"></span>zione con la posiz<span class=\"_ _1\"></span>ione creditizia<span class=\"_ _1\"></span>; \u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>apporti c<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Minis<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>Infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>rasporti, <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>rapporti <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ricavo<span class=\"_ _41\"> </span></span></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _10\"> </span>sia <span class=\"_ _9\"> </span>da <span class=\"_ _9\"> </span>un  c<span class=\"_ _1\"></span>ontribut<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>conto <span class=\"_ _9\"> </span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _10\"> </span>finalizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>compensare<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>i <span class=\"_ _9\"> </span>costi <span class=\"_ _10\"> </span>sost<span class=\"_ _1\"></span>enuti <span class=\"_ _9\"> </span>dalla<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gar<span class=\"_ _1\"></span>antir<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _4\"></span>sicurezz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>propri <span class=\"_ _4\"></span>impianti <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>icur<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tiva <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>sensi <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>quant<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>isto <span class=\"_ _a\"></span>dall\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _a\"></span>1<span class=\"_ _4\"></span>1 <span class=\"_ _a\"></span>septies <span class=\"_ _a\"></span>della <span class=\"_ _b\"></span>Legge <span class=\"_ _a\"></span>24<span class=\"_ _4\"></span>8/2<span class=\"_ _1\"></span>005, <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>contributi <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>con<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>impianti <span class=\"_ _a\"></span>PON<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>rasporti <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>venzioni <span class=\"_ _5\"></span>stipula<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>le <span class=\"_ _a\"></span>parti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>valle <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>regis<span class=\"_ _1\"></span>trazione <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>stes<span class=\"_ _4\"></span>se <span class=\"_ _5\"></span>da<span class=\"_ _41\"> </span>parte <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Corte <span class=\"_ _5\"></span>dei <span class=\"_ _4\"></span>Conti <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>crediti <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _4\"></span>finanziati <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>ambito <span class=\"_ _4\"></span>PNRR <span class=\"_ _5\"></span>come <span class=\"_ _4\"></span>da <span class=\"_ _5\"></span>con<span class=\"_ _1\"></span>venzioni<span class=\"_ _41\"> </span>stipula<span class=\"_ _1\"></span>te <span class=\"_ _17\"> </span>tra <span class=\"_ _25\"> </span>le <span class=\"_ _2b\"> </span>parti <span class=\"_ _17\"> </span>imputa<span class=\"_ _1\"></span>ti <span class=\"_ _2b\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _2b\"> </span>part<span class=\"_ _1\"></span>e <span class=\"_ _2b\"> </span>a <span class=\"_ _17\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>economico <span class=\"_ _25\"> </span>per <span class=\"_ _2b\"> </span>un <span class=\"_ _17\"> </span>import<span class=\"_ _1\"></span>o <span class=\"_ _2b\"> </span>com<span class=\"_ _1\"></span>misura<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>ammort<span class=\"_ _1\"></span>amento <span class=\"_ _6\"></span>degli <span class=\"_ _1\"></span>inv<span class=\"_ _1\"></span>estimenti <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>rife<span class=\"_ _1\"></span>riscono <span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>contributi <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>parte <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ome <span class=\"_ _1\"></span>contributi <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>conto<span class=\"_ _41\"> </span>eser<span class=\"_ _1\"></span>cizio<span class=\"lsd\">; </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>apporti <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>Gruppo Leonar<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>riguarda<span class=\"_ _1\"></span>no <span class=\"_ _4\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>le attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>leg<span class=\"_ _1\"></span>ate agli<span class=\"_ _4\"></span> inves<span class=\"_ _1\"></span>timenti della<span class=\"_ _41\"> </span></span></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>alle <span class=\"_ _a\"></span>manutenzioni <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>all\u2019<span class=\"_ _6\"></span>acquis<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>parti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>ricambio <span class=\"_ _a\"></span>per <span class=\"_ _b\"></span>gli <span class=\"_ _b\"></span>impianti <span class=\"_ _a\"></span>e <span class=\"_ _b\"></span>appar<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>ollo del tr<span class=\"_ _1\"></span>affico aer<span class=\"_ _1\"></span>eo;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i <span class=\"_ _5\"></span>rapporti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>Cassa <span class=\"_ _4\"></span>Depositi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Pres<span class=\"_ _1\"></span>titi <span class=\"_ _a\"></span>(CD<span class=\"_ _1\"></span>P) <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>rif<span class=\"_ _1\"></span>eriscon<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>alle <span class=\"_ _4\"></span>attivit\u00e0 <span class=\"_ _4\"></span>aff<span class=\"_ _1\"></span>eren<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>gruppo<span class=\"_ _41\"> </span></span></span>Fincan<span class=\"_ _1\"></span>tieri <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>particolar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>IDS <span class=\"_ _b\"></span>Ingegneria <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>S<span class=\"_ _4\"></span>is<span class=\"_ _1\"></span>temi <span class=\"_ _a\"></span>S.p.A. <span class=\"_ _b\"></span>con <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _a\"></span>ha <span class=\"_ _b\"></span>rapporti<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>eriti si<span class=\"_ _1\"></span>a a <span class=\"_ _1\"></span>com<span class=\"_ _1\"></span>messe a<span class=\"_ _1\"></span>ttive <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _1\"></span>passivi <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>esercizi<span class=\"_ _1\"></span>o 2025 <span class=\"_ _1\"></span>anche <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>rapporti <span class=\"_ _1\"></span>con <span class=\"_ _1\"></span>TIM <span class=\"_ _1\"></span>con<span class=\"_ _41\"> </span>cui il Gruppo ad a<span class=\"_ _1\"></span>ttivit\u00e0 leg<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e a costi di ese<span class=\"_ _1\"></span>rcizio ed in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timenti;<span class=\"_ _41\"> </span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i ra<span class=\"_ _1\"></span>pporti con IT<span class=\"_ _6\"></span>A Airw<span class=\"_ _1\"></span>ay qua<span class=\"_ _1\"></span>le compagnia aer<span class=\"_ _1\"></span>ea, a con<span class=\"_ _1\"></span>trollo MEF<span class=\"_ _2\"></span>, ute<span class=\"_ _1\"></span>nte dello spa<span class=\"_ _1\"></span>zio aereo it<span class=\"_ _1\"></span>aliano; <span class=\"ls9\">  </span></span></span>\u25aa<span class=\"ff9\"> <span class=\"_ _26\"> </span><span class=\"ff2\">i ra<span class=\"_ _1\"></span>pporti con le altr<span class=\"_ _1\"></span>e corr<span class=\"_ _1\"></span>elate<span class=\"_ _1\"></span> contengono <span class=\"_ _1\"></span>posizioni re<span class=\"_ _1\"></span>siduali. </span></span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>Dirigenti <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _9\"> </span>R<span class=\"_ _1\"></span>esponsabilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _9\"> </span>Stra<span class=\"_ _1\"></span>tegiche <span class=\"_ _b\"> </span>(DIRS) <span class=\"_ _9\"> </span>si <span class=\"_ _b\"></span>intendono <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>\u2019<span class=\"_ _2\"></span>Amminis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tore <span class=\"_ _9\"> </span>Dele<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _9\"> </span>e<span class=\"_ _41\"> </span>quattr<span class=\"_ _1\"></span>o dirigenti con posizioni di rilievo nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o del <span class=\"_ _4\"></span>Gruppo individua<span class=\"_ _1\"></span>ti nelle figure del Chief Financial<span class=\"_ _41\"> </span>Officer<span class=\"_ _2\"></span>,<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _a\"></span>Chief <span class=\"_ _4\"></span>HR <span class=\"_ _a\"></span>and <span class=\"_ _5\"></span>Corpor<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>Ser<span class=\"_ _4\"></span>vice<span class=\"_ _1\"></span>s<span class=\"_ _4\"></span> <span class=\"_ _5\"></span>Officer<span class=\"_ _2\"></span>, <span class=\"_ _a\"></span>del <span class=\"_ _4\"></span>Chief <span class=\"_ _5\"></span>Opera<span class=\"_ _1\"></span>ting <span class=\"_ _a\"></span>Officer <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Chief <span class=\"_ _5\"></span>T<span class=\"_ _6\"></span>echnology<span class=\"_ _41\"> </span>Officer<span class=\"_ _2\"></span>. Di <span class=\"_ _4\"></span>seguito<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>vengono <span class=\"_ _4\"></span>ripor<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>compet<span class=\"_ _1\"></span>enze,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>lordo <span class=\"_ _4\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>contri<span class=\"_ _1\"></span>buti <span class=\"_ _4\"></span>prev<span class=\"_ _1\"></span>idenziali <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>assis<span class=\"_ _1\"></span>tenziali<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>lativi ai dirig<span class=\"_ _1\"></span>enti con r<span class=\"_ _1\"></span>esponsabilit\u00e0 s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegiche del<span class=\"_ _1\"></span> Gruppo:<table class=\"s w3d2 h74a\" id=\"_cf0ef381-c5c1-4190-a546-58f09ba3a7e7\"><tr><td></td><td class=\"c x354 y1733 w22c h53\"><div class=\"t m0 x3b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x355 y1733 w22d h53\"><div class=\"t m0 x3b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1734 w22b h53\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">Competen<span class=\"_ _1\"></span>ze con pag<span class=\"_ _1\"></span>amento a breve/medi<span class=\"_ _1\"></span>o termine<span class=\"_ _4\"></span><span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x354 y1734 w22c h53\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">2.557<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x355 y1734 w22d h53\"><div class=\"t m0 x1f h2 y3a4 ffb fs6 fc0 sc0 ls0 ws0\">2.501<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1735 w22b h53\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">Altri benefici a lun<span class=\"_ _1\"></span>go termine<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x354 y1735 w22c h53\"><div class=\"t m0 x106 h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">0<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x355 y1735 w22d h53\"><div class=\"t m0 x106 h2 y3a4 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y1736 w22b h53\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">Pag<span class=\"_ _1\"></span>amenti basati su azioni<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x354 y1736 w22c h53\"><div class=\"t m0 x1f h2 y2b9 ffb fs6 fc10 sc0 ls0 ws0\">1.692<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x355 y1736 w22d h53\"><div class=\"t m0 x72 h2 y3a4 ffb fs6 fc0 sc0 ls16 ws0\">954<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y1737 w22b h53\"><div class=\"t m0 x0 h2 y3a4 ff6 fs6 fc10 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x354 y1737 w22c h53\"><div class=\"t m0 x1f h2 y3a4 ff6 fs6 fc10 sc0 ls16 ws0\">4.249<span class=\"ff1 fs0 fc0 ls0\"> </span></div></td><td class=\"c x355 y1737 w22d h53\"><div class=\"t m0 x1f h2 y3a4 ff6 fs6 fc0 sc0 ls16 ws0\">3.455<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x355 y1738 w22d h53\"><div class=\"t m0 x36 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Con <span class=\"_ _1\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>compensi<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Collegio <span class=\"_ _1\"></span>Sindac<span class=\"_ _1\"></span>ale, <span class=\"_ _1\"></span>si ev<span class=\"_ _1\"></span>idenzia <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>gli s<span class=\"_ _1\"></span>tessi <span class=\"_ _1\"></span>ammont<span class=\"_ _1\"></span>ano a <span class=\"_ _6\"></span>23<span class=\"_ _4\"></span>2<span class=\"_ _41\"> </span>migliaia di<span class=\"_ _1\"></span> euro (233 miglia<span class=\"_ _1\"></span>ia di euro al <span class=\"_ _1\"></span>31 dicembre 20<span class=\"_ _1\"></span>2<span class=\"_ _4\"></span>4<span class=\"ls14\">).<span class=\"_ _41\"> </span></span>Pe<span class=\"_ _1\"></span>r <span class=\"_ _a\"></span>ulteriori <span class=\"_ _4\"></span>dettagli<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>si <span class=\"_ _5\"></span>rimanda <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>Rel<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>sulla <span class=\"_ _a\"></span>R<span class=\"_ _1\"></span>emunerazione <span class=\"_ _4\"></span>redatt<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>nsi <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _4\"></span>123 <span class=\"_ _a\"></span>te<span class=\"_ _1\"></span>r <span class=\"_ _a\"></span>del<span class=\"_ _41\"> </span>TUF<span class=\"_ _2\"></span>.<span class=\"_ _41\"> </span>La <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _b\"></span>societ<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>olla<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>echno <span class=\"_ _a\"></span>Sky <span class=\"_ _b\"></span>aderiscono<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>Fondo <span class=\"_ _a\"></span>pensione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Pre<span class=\"_ _1\"></span>vaer<span class=\"_ _2\"></span>, <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>quale <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _b\"></span>il<span class=\"_ _41\"> </span>Fondo <span class=\"_ _6\"></span>Pensione <span class=\"_ _6\"></span>Nazionale <span class=\"_ _1\"></span>Complement<span class=\"_ _1\"></span>are <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>personal<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>dirigent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>rasport<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>Aereo <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>settori<span class=\"_ _41\"> </span>affini. <span class=\"_ _b\"> </span>Come <span class=\"_ _9\"> </span>ripor<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>all\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _b\"></span>14 <span class=\"_ _9\"> </span>del<span class=\"_ _1\"></span>lo <span class=\"_ _9\"> </span>Sta<span class=\"_ _1\"></span>tuto <span class=\"_ _b\"></span>d<span class=\"_ _4\"></span>el <span class=\"_ _b\"></span>Fondo <span class=\"_ _b\"></span>Prev<span class=\"_ _1\"></span>aer<span class=\"_ _2\"></span>, <span class=\"_ _9\"> </span>rel<span class=\"_ _1\"></span>ativamen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>gli <span class=\"_ _9\"> </span>or<span class=\"_ _1\"></span>gani <span class=\"_ _b\"></span>sociali <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>Fondo<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>for<span class=\"_ _1\"></span>mati <span class=\"_ _a\"></span>da: <span class=\"_ _a\"></span>l\u2019<span class=\"_ _11\"></span>Assemblea <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>oci <span class=\"_ _5\"></span>delega<span class=\"_ _1\"></span>ti; <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Consiglio <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>Amminis<span class=\"_ _1\"></span>trazione; <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>Presi<span class=\"_ _1\"></span>dente <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>Vice<span class=\"_ _41\"> </span>presi<span class=\"_ _1\"></span>dente; <span class=\"_ _4\"></span>il <span class=\"_ _a\"></span>Collegi<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>Sindaci, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>rappr<span class=\"_ _1\"></span>esentanz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>fondat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>sul <span class=\"_ _5\"></span>criterio <span class=\"_ _5\"></span>della <span class=\"_ _a\"></span>partecipazione<span class=\"_ _41\"> </span>paritetic<span class=\"_ _1\"></span>a <span class=\"_ _17\"> </span>tra<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>la <span class=\"_ _25\"> </span>rappr<span class=\"_ _1\"></span>esentanz<span class=\"_ _1\"></span>a <span class=\"_ _25\"> </span>dei <span class=\"_ _25\"> </span>lavor<span class=\"_ _1\"></span>atori <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>quella <span class=\"_ _25\"> </span>delle <span class=\"_ _25\"> </span>imprese <span class=\"_ _25\"> </span>ader<span class=\"_ _1\"></span>enti. <span class=\"_ _17\"> </span>Il <span class=\"_ _25\"> </span>Consiglio <span class=\"_ _25\"> </span>di<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>Fondo <span class=\"_ _6\"></span>delibera<span class=\"_ _1\"></span>, tr<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>altr<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>, s<span class=\"_ _1\"></span>u: <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>crite<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>genera<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>ripartizione <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>rischio <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>eria<span class=\"_ _41\"> </span>di <span class=\"_ _b\"></span>inve<span class=\"_ _1\"></span>stimen<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"> </span>partecipazioni <span class=\"_ _a\"></span>nonch\u00e9 <span class=\"_ _b\"></span>sulle <span class=\"_ _b\"></span>politiche <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>vestimen<span class=\"_ _1\"></span>to; <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>scelta<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etti <span class=\"_ _b\"></span>ges<span class=\"_ _1\"></span>tori <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span>l\u2019individuazi<span class=\"_ _1\"></span>one della banca de<span class=\"_ _1\"></span>positaria.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "34.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Info<span class=\"_ _1\"></span>rmativa <span class=\"_ _1\"></span>sul piano di incentiv<span class=\"_ _1\"></span>azione azionaria di lungo te<span class=\"_ _1\"></span>rmine e di bre<span class=\"_ _1\"></span>ve termine L<span class=\"_ _6\"></span>\u2019<span class=\"_ _11\"></span>As<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>mblea <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>Azionisti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Capogruppo, <span class=\"_ _4\"></span>nelle <span class=\"_ _4\"></span>riunioni <span class=\"_ _4\"></span>tenut<span class=\"_ _1\"></span>esi <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>21 <span class=\"_ _4\"></span>maggio <span class=\"_ _4\"></span>2020 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>28 <span class=\"_ _4\"></span>aprile<span class=\"_ _41\"> </span>2023 ha <span class=\"_ _4\"></span>ap<span class=\"_ _1\"></span>prov<span class=\"_ _1\"></span>ato i Piani di <span class=\"_ _4\"></span>incen<span class=\"_ _1\"></span>tivazione azionaria di lungo termine basati su azioni, denominati Piano<span class=\"_ _41\"> </span>di <span class=\"_ _5\"></span>Perf<span class=\"_ _1\"></span>ormance <span class=\"_ _4\"></span>Share, <span class=\"_ _4\"></span>rispettivamen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>periodi <span class=\"_ _4\"></span>2020<span class=\"_ _4\"></span>-2<span class=\"_ _1\"></span>022 <span class=\"_ _a\"></span>e <span class=\"_ _4\"></span>2023-2025 <span class=\"_ _5\"></span>conf<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>endo <span class=\"_ _5\"></span>al <span class=\"_ _a\"></span>Consigli<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>azione  il manda<span class=\"_ _1\"></span>to per l\u2019<span class=\"_ _2\"></span>attuazione e la g<span class=\"_ _1\"></span>estione dei Piani s<span class=\"_ _1\"></span>tessi.<span class=\"_ _41\"> </span>I <span class=\"_ _10\"> </span>beneficiari <span class=\"_ _9\"> </span>dei  Piani <span class=\"_ _9\"> </span>sono  l\u2019<span class=\"_ _11\"></span>Amminis<span class=\"_ _1\"></span>trat<span class=\"_ _1\"></span>ore <span class=\"_ _10\"> </span>Deleg<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>,  i <span class=\"_ _9\"> </span>Dirigenti <span class=\"_ _10\"> </span>co<span class=\"_ _1\"></span>n  Re<span class=\"_ _1\"></span>sponsabilit<span class=\"_ _1\"></span>\u00e0  Str<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>gica <span class=\"_ _10\"> </span>della<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>massimo <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>10<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>figur<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>manageriali <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>delle <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _4\"></span>Contr<span class=\"_ _1\"></span>ollate<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>saranno<span class=\"_ _41\"> </span>identific<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dall\u2019<span class=\"_ _11\"></span>Am<span class=\"_ _4\"></span>minis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Delega<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>color<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>ricopr<span class=\"_ _1\"></span>ono <span class=\"_ _4\"></span>posizi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>maggiore <span class=\"_ _4\"></span>impa<span class=\"_ _1\"></span>tto<span class=\"_ _41\"> </span>sui <span class=\"_ _4\"></span>risulta<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>o <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>rilevanz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>str<span class=\"_ _1\"></span>ategi<span class=\"_ _1\"></span>ca <span class=\"_ _5\"></span>ai <span class=\"_ _4\"></span>fini <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>conseguimen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>obiettivi <span class=\"_ _4\"></span>pluriennali <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>e<span class=\"_ _41\"> </span>del Gruppo.<span class=\"_ _41\"> </span>I <span class=\"_ _9\"> </span>Piani <span class=\"_ _b\"></span>sono <span class=\"_ _9\"> </span>articola<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>tr<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>cicli <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>ve<span class=\"_ _1\"></span>sting, <span class=\"_ _9\"> </span>ciascuno <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _b\"> </span>triennale, <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>evedono <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _2\"></span>assegnazione<span class=\"_ _41\"> </span>gra<span class=\"_ _1\"></span>tuita <span class=\"_ _4\"></span>a <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>avor<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>dei <span class=\"_ _4\"></span>beneficiari <span class=\"_ _5\"></span>individua<span class=\"_ _1\"></span>ti, <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>numero <span class=\"_ _4\"></span>variabile <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>azioni <span class=\"_ _5\"></span>ordinarie<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _a\"></span>S.p.A. <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>funzione del r<span class=\"_ _1\"></span>aggiungiment<span class=\"_ _1\"></span>o di specifici obiettivi<span class=\"_ _1\"></span> di perf<span class=\"_ _1\"></span>ormance dis<span class=\"_ _1\"></span>tinti per ciascun ciclo. T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>obiettivi <span class=\"_ _1\"></span>sono s<span class=\"_ _1\"></span>tati <span class=\"_ _1\"></span>iden<span class=\"_ _1\"></span>tificati <span class=\"_ _1\"></span>nel <span class=\"ff8\">T<span class=\"_ _2\"></span>otal <span class=\"_ _1\"></span>Shareholder<span class=\"_ _1\"></span> R<span class=\"_ _1\"></span>eturn<span class=\"ff2\"> r<span class=\"_ _1\"></span>elativo <span class=\"_ _1\"></span>(TSR), <span class=\"_ _1\"></span>nell\u2019 <span class=\"_ _1\"></span>EBIT <span class=\"_ _1\"></span>cumulato<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>nel Fr<span class=\"_ _1\"></span>ee<span class=\"_ _41\"> </span></span></span>Cash <span class=\"_ _4\"></span>Flow <span class=\"_ _4\"></span>cumulato <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>indicat<span class=\"_ _1\"></span>ore <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>os<span class=\"_ _1\"></span>tenibili<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>identificat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>ogni <span class=\"_ _5\"></span>periodo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>vesting <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>delibera<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>dal <span class=\"_ _4\"></span>Consiglio <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Amministr<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>su <span class=\"_ _4\"></span>propos<span class=\"_ _1\"></span>ta <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Comit<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span>Re<span class=\"_ _1\"></span>munerazioni<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>prev<span class=\"_ _1\"></span>io <span class=\"_ _5\"></span>coor<span class=\"_ _1\"></span>dinamento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>il<span class=\"_ _41\"> </span>Co<span class=\"ls0\">mita<span class=\"_ _1\"></span>to Sost<span class=\"_ _1\"></span>enibilit\u00e0.<span class=\"_ _41\"> </span></span>I <span class=\"_ _c\"> </span>Piani <span class=\"_ _c\"> </span>pr<span class=\"_ _1\"></span>evedono <span class=\"_ _12\"> </span>per <span class=\"_ _c\"> </span>tutti <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>benefici<span class=\"_ _1\"></span>ari <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>periodo <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>ma<span class=\"_ _1\"></span>tura<span class=\"_ _1\"></span>zione <span class=\"_ _c\"> </span>triennale<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>inter<span class=\"_ _1\"></span>corr<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>tra<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>attri<span class=\"_ _1\"></span>buzione <span class=\"_ _5\"></span>ed <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>perfe<span class=\"_ _1\"></span>zionamento <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>titolarit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>diritto <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>riceve<span class=\"_ _1\"></span>re <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>premio <span class=\"_ _4\"></span>azionario <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>parte <span class=\"_ _4\"></span>dei<span class=\"_ _41\"> </span>beneficiari.<span class=\"_ _1\"></span> Il piano di incen<span class=\"_ _1\"></span>tivazi<span class=\"_ _1\"></span>one prev<span class=\"_ _1\"></span>ede altre<span class=\"_ _1\"></span>s\u00ec un vincolo di indi<span class=\"_ _1\"></span>sponibilit\u00e0<span class=\"_ _1\"></span>, definito pe<span class=\"_ _1\"></span>riodo di lock<span class=\"_ _1\"></span>-<span class=\"_ _41\"> </span>up<span class=\"lse\">, <span class=\"_ _1\"></span><span class=\"ls0\">diver<span class=\"_ _1\"></span>so a<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>seconda <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>Piani <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>P<span class=\"_ _1\"></span>erfor<span class=\"_ _1\"></span>mance <span class=\"_ _1\"></span>Share <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>essati, <span class=\"_ _1\"></span>ossia <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>piano <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erit<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>perio<span class=\"_ _1\"></span>do <span class=\"_ _1\"></span>2020<span class=\"_ _4\"></span>-<span class=\"_ _41\"> </span></span></span>2022 <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>definit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>vincolo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>indisponibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>sul <span class=\"_ _a\"></span>30% <span class=\"_ _a\"></span>delle <span class=\"_ _5\"></span>azioni <span class=\"_ _a\"></span>assegnat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>ai <span class=\"_ _a\"></span>beneficiari, <span class=\"_ _5\"></span>vincolo<span class=\"_ _41\"> </span>innalz<span class=\"_ _1\"></span>ato al 50% delle azioni assegnat<span class=\"_ _1\"></span>e nel Piano di <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>erf<span class=\"_ _1\"></span>ormance Share 2023-2025, mentre<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>in ambedue i<span class=\"_ _41\"> </span>piani il vinc<span class=\"_ _1\"></span>olo persis<span class=\"_ _1\"></span>te per un perio<span class=\"_ _1\"></span>do di due anni dal t<span class=\"_ _1\"></span>ermine del periodo di <span class=\"_ _1\"></span>vesting. E\u2019 inoltre pre<span class=\"_ _1\"></span>vist<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>che veng<span class=\"_ _1\"></span>a assegnato un numer<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di azi<span class=\"_ _1\"></span>oni <span class=\"_ _4\"></span>aggiun<span class=\"_ _1\"></span>tive, definit<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span><span class=\"ff8\">dividend equivalent</span>, pari<span class=\"_ _41\"> </span>ai <span class=\"_ _1\"></span>dividendi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ordinari <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>str<span class=\"_ _1\"></span>aordinari <span class=\"_ _6\"></span>distribuiti <span class=\"_ _6\"></span>dalla <span class=\"_ _1\"></span>Capog<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>duran<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>periodo <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>vesting, <span class=\"_ _1\"></span>che <span class=\"_ _6\"></span>sarebber<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>spetta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>sul numer<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di azioni effe<span class=\"_ _1\"></span>ttivament<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>segnato ai beneficiari <span class=\"_ _4\"></span>in ragi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>dei livell<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>dei parametri di<span class=\"_ _41\"> </span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>seguiti <span class=\"_ _4\"></span>nei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>termini <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>alle condizioni <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>te nei <span class=\"_ _4\"></span>Piani <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>nei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>regola<span class=\"_ _1\"></span>menti <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttuativi. Su <span class=\"_ _4\"></span>tal<span class=\"_ _1\"></span>i<span class=\"_ _41\"> </span>azioni aggiuntive<span class=\"_ _1\"></span> non si appli<span class=\"_ _1\"></span>ca il lock<span class=\"_ _1\"></span>-<span class=\"ls11\">up.<span class=\"_ _41\"> </span></span>Gli obiettivi di <span class=\"_ _1\"></span>performance<span class=\"_ _1\"></span> sono compos<span class=\"_ _1\"></span>ti dai seguenti<span class=\"_ _1\"></span> indica<span class=\"_ _1\"></span>tori:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una c<span class=\"_ _1\"></span>omponent<span class=\"_ _1\"></span>e mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>based <span class=\"_ _1\"></span>(con <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>peso del <span class=\"_ _1\"></span>40% <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>diritti a<span class=\"_ _1\"></span>ttribuiti) l<span class=\"_ _1\"></span>ega<span class=\"_ _1\"></span>ta a<span class=\"_ _1\"></span>lla misur<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>della<span class=\"_ _41\"> </span></span></span>perf<span class=\"_ _1\"></span>ormance di ENA<span class=\"_ _1\"></span>V in t<span class=\"_ _1\"></span>ermini di TSR re<span class=\"_ _1\"></span>lativamen<span class=\"_ _1\"></span>te al P<span class=\"_ _1\"></span>eer Gr<span class=\"_ _1\"></span>oup gi\u00e0 individua<span class=\"_ _1\"></span>to dalla Societ<span class=\"_ _1\"></span>\u00e0;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omponente non-mark<span class=\"_ _1\"></span>et based <span class=\"_ _4\"></span>(c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>un peso <span class=\"_ _4\"></span>com<span class=\"_ _1\"></span>plessivamen<span class=\"_ _1\"></span>te pari <span class=\"_ _4\"></span>al 60% <span class=\"_ _4\"></span>dei diritti <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttribuiti)<span class=\"_ _41\"> </span></span></span>leg<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>al raggiungiment<span class=\"_ _1\"></span>o degli obiettivi <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Fr<span class=\"_ _1\"></span>ee <span class=\"_ _4\"></span>Cash Flow ed <span class=\"_ _4\"></span>EBI<span class=\"_ _1\"></span>T <span class=\"_ _4\"></span>cumula<span class=\"_ _1\"></span>ti rispetto ai <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>arge<span class=\"_ _1\"></span>t <span class=\"_ _4\"></span>di piano<span class=\"_ _41\"> </span>e all\u2019indic<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e ESG definit<span class=\"_ _1\"></span>o per ogni periodo di <span class=\"_ _1\"></span>vesting.<span class=\"_ _41\"> </span>Il Piano di perf<span class=\"_ _1\"></span>ormance <span class=\"_ _1\"></span>Share 2020-20<span class=\"_ _1\"></span>22<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>ha vist<span class=\"_ _1\"></span>o nel 2025 il termine<span class=\"_ _1\"></span> del terz<span class=\"_ _1\"></span>o ciclo di v<span class=\"_ _1\"></span>esting 2022-2024<span class=\"_ _41\"> </span>avvia<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>con deli<span class=\"_ _1\"></span>bera <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Consiglio di <span class=\"_ _1\"></span>Amminis<span class=\"_ _1\"></span>trazi<span class=\"_ _1\"></span>one del<span class=\"_ _1\"></span> 18 <span class=\"_ _1\"></span>ottobre <span class=\"_ _1\"></span>2022 <span class=\"_ _1\"></span>e in<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>nf<span class=\"_ _1\"></span>ormit\u00e0 a<span class=\"_ _1\"></span>l R<span class=\"_ _1\"></span>egolament<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>si <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _5\"></span>procedut<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>all\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttribuzione <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>corso <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>n. <span class=\"_ _5\"></span>361.835 <span class=\"_ _4\"></span>azioni <span class=\"_ _4\"></span>ai <span class=\"_ _5\"></span>beneficia<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Piano <span class=\"_ _5\"></span>sulla <span class=\"_ _4\"></span>base<span class=\"_ _41\"> </span>della c<span class=\"_ _1\"></span>onsuntivazione de<span class=\"_ _1\"></span>i dati st<span class=\"_ _1\"></span>essi per un c<span class=\"_ _1\"></span>ontro<span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e pari a 1,4 milioni di e<span class=\"_ _1\"></span>uro.  Il Piano <span class=\"_ _4\"></span>di Perf<span class=\"_ _1\"></span>ormance share triennale 2023<span class=\"_ _4\"></span>-2025 ha visto l\u2019<span class=\"_ _6\"></span>avvio del <span class=\"_ _4\"></span>primo ciclo <span class=\"_ _4\"></span>di vesting (2023<span class=\"_ _4\"></span>-<span class=\"_ _1\"></span>2025)<span class=\"_ _41\"> </span>con <span class=\"_ _1\"></span>delibera<span class=\"_ _1\"></span> del Consigl<span class=\"_ _1\"></span>io di A<span class=\"_ _1\"></span>mministr<span class=\"_ _1\"></span>azione del<span class=\"_ _1\"></span> 18 lug<span class=\"_ _1\"></span>lio 2023, <span class=\"_ _1\"></span>del sec<span class=\"_ _1\"></span>ondo ciclo<span class=\"_ _1\"></span> di ves<span class=\"_ _1\"></span>ting (2<span class=\"_ _1\"></span>024<span class=\"_ _4\"></span>-202<span class=\"_ _1\"></span>6)<span class=\"_ _41\"> </span>con <span class=\"_ _1\"></span>deliber<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>del 2<span class=\"_ _1\"></span>9 n<span class=\"_ _1\"></span>ovembr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>20<span class=\"_ _4\"></span>2<span class=\"_ _1\"></span>4 e <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>ciclo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>ting (2025-<span class=\"_ _1\"></span>2027) c<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>delibera <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>luglio <span class=\"_ _1\"></span>2025<span class=\"_ _41\"> </span>in cui sono st<span class=\"_ _1\"></span>ati appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>ti anche i r<span class=\"_ _1\"></span>elativi r<span class=\"_ _1\"></span>egolamenti, c<span class=\"_ _1\"></span>ome da tabella<span class=\"_ _1\"></span> alleg<span class=\"_ _1\"></span>ata.<table class=\"s w35d h74b\" id=\"_112772fc-c828-45a7-9f15-5138bf1e27f1\"><tr><td></td><td class=\"c x356 y1739 w3d3 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fca sc0 ls0 ws0\">Piano di P<span class=\"_ _1\"></span>erformance<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x357 y1739 w3d4 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fca sc0 ls0 ws0\">Assegnazione<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x358 y1739 w3d5 h715\"><div class=\"t m0 x1fd h30 y1507 ffb fs6 fca sc0 ls0 ws0\">Azioni attribuit<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x28a y173a w1d4 h3e1\"><div class=\"t m0 x2c h2 y2b9 ffb fs6 fca sc0 ls0 ws0\">A<span class=\"_ _1\"></span>ttribuzione<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x359 y173b w3d6 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fca sc0 ls0 ws0\">Share<span class=\"_ _41\"> </span></div></td><td class=\"c x35a y173a w230 h3e1\"><div class=\"t m0 x77 h2 y2b9 ffb fs6 fca sc0 ls0 ws0\">Pe<span class=\"_ _1\"></span>riodo di vesting<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x35b y173b w3d7 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fca sc0 ls0 ws0\">azioni<span class=\"_ _41\"> </span></div></td><td class=\"c x35c y173a w232 h3e1\"><div class=\"t m0 x50 h2 y2b9 ffb fs6 fca sc0 ls0 ws0\">T<span class=\"_ _6\"></span>ermine Lock up<span class=\"ff1 fs0 fc0\"> </span></div></td><td class=\"c x35d y173b w3d8 h715\"><div class=\"t m0 x1fd h2 y1449 ffb fs6 fca sc0 ls0 ws0\">(*)<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x28a y173c w1d4 hf3\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2023<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35e y173c w22f hf3\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2023<span class=\"ls0\">-</span>2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35a y173c w230 hf3\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2023<span class=\"ls0\">-</span>2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35f y173c w231 hf3\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2026<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35c y173c w232 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">01/01/28<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y173c w1d6 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">341.037<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28a y173d w1d4 hf3\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35e y173d w22f hf3\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2023<span class=\"ls0\">-</span>2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35a y173d w230 hf3\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ls0\">-</span>2026<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35f y173d w231 hf3\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2027<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35c y173d w232 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">01/01/29<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y173d w1d6 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">377.573<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x28a y173e w1d4 hf3\"><div class=\"t m0 x59 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35e y173e w22f hf3\"><div class=\"t m0 x4d h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2023<span class=\"ls0\">-</span>2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35a y173e w230 hf3\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ls0\">-</span>2027<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35f y173e w231 hf3\"><div class=\"t m0 x51 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">2028<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x35c y173e w232 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">01/01/30<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x2ff y173e w1d6 hf3\"><div class=\"t m0 x5b h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">388.313<span class=\"ff1 fs0\"> </span></div></td></tr></table>(*) Il numero di azioni si riferisce al valore<span class=\"_ _1\"></span> target di diritti attribuibili per ciascun an<span class=\"_ _4\"></span>no<span class=\"_ _41\"> </span>Con <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>all<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>piano <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>incentiv<span class=\"_ _1\"></span>azione <span class=\"_ _6\"></span>azionaria <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>lungo <span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _6\"></span>ai <span class=\"_ _1\"></span>sensi <span class=\"_ _6\"></span>del <span class=\"_ _1\"></span>principio<span class=\"_ _41\"> </span>IFRS 2, per la component<span class=\"_ _1\"></span>e mark<span class=\"_ _1\"></span>et based \u00e8 sta<span class=\"_ _1\"></span>to utilizz<span class=\"_ _1\"></span>ato il criterio di calc<span class=\"_ _1\"></span>olo con il Metodo Monte Carlo<span class=\"_ _41\"> </span>che, s<span class=\"_ _1\"></span>ulla base <span class=\"_ _1\"></span>di o<span class=\"_ _1\"></span>pportune <span class=\"_ _1\"></span>ipotesi, ha <span class=\"_ _1\"></span>consen<span class=\"_ _1\"></span>tito <span class=\"_ _1\"></span>di defi<span class=\"_ _1\"></span>nire <span class=\"_ _1\"></span>un con<span class=\"_ _1\"></span>sisten<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>numero <span class=\"_ _1\"></span>di scena<span class=\"_ _1\"></span>ri alt<span class=\"_ _1\"></span>ernativi<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>ar<span class=\"_ _1\"></span>co <span class=\"_ _4\"></span>te<span class=\"_ _1\"></span>mporale <span class=\"_ _4\"></span>consider<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o. <span class=\"_ _5\"></span>Diver<span class=\"_ _1\"></span>sament<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>componen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>non-mark<span class=\"_ _1\"></span>et <span class=\"_ _4\"></span>based <span class=\"_ _4\"></span>non <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>rile<span class=\"_ _1\"></span>vant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>fini<span class=\"_ _41\"> </span>della <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tima <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>fair <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lue <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>momento <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>assegnazione, <span class=\"_ _4\"></span>ma <span class=\"_ _4\"></span>viene <span class=\"_ _4\"></span>aggiorna<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>ogn<span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>porting <span class=\"_ _5\"></span>dat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>tener<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onto <span class=\"_ _4\"></span>delle aspettati<span class=\"_ _1\"></span>ve <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lative <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>numero <span class=\"_ _4\"></span>di diritti <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>potr<span class=\"_ _1\"></span>anno <span class=\"_ _4\"></span>matur<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>base <span class=\"_ _4\"></span>all<span class=\"_ _1\"></span>\u2019<span class=\"_ _6\"></span>andamento<span class=\"_ _41\"> </span>dell\u2019EBIT<span class=\"_ _2\"></span>, del Fr<span class=\"_ _1\"></span>ee Cash Flow e del<span class=\"_ _1\"></span>l\u2019indicat<span class=\"_ _1\"></span>ore ESG ri<span class=\"_ _1\"></span>spetto ai t<span class=\"_ _1\"></span>arge<span class=\"_ _1\"></span>t di Piano. Al 31 dicembre 2025, il fair v<span class=\"_ _1\"></span>alue complessivo del Piano di Perf<span class=\"_ _1\"></span>ormance Shar<span class=\"_ _1\"></span>e 2023<span class=\"_ _4\"></span>-2025 per tutti e <span class=\"_ _4\"></span>tr<span class=\"_ _1\"></span>e i<span class=\"_ _41\"> </span>cicli di ve<span class=\"_ _1\"></span>sting \u00e8 st<span class=\"_ _1\"></span>ato pari a<span class=\"_ _1\"></span> 1,1 milioni di eur<span class=\"_ _1\"></span>o. L<span class=\"_ _6\"></span>\u2019<span class=\"_ _11\"></span>As<span class=\"_ _4\"></span>se<span class=\"_ _1\"></span>mblea  degli <span class=\"_ _10\"> </span>Azionisti <span class=\"_ _10\"> </span>di  Enav<span class=\"_ _2\"></span>,  tenut<span class=\"_ _1\"></span>asi  il <span class=\"_ _10\"> </span>28  maggio  2025  ha<span class=\"_ _1\"></span>,  tra <span class=\"_ _10\"> </span>gli  altri <span class=\"_ _10\"> </span>punti,  appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>to  \u201cIl<span class=\"_ _41\"> </span>Document<span class=\"_ _1\"></span>o Inf<span class=\"_ _1\"></span>ormativo<span class=\"_ _1\"></span> rela<span class=\"_ _1\"></span>tivo all\u2019<span class=\"_ _6\"></span>assegnazione di<span class=\"_ _1\"></span> diritti a rice<span class=\"_ _1\"></span>vere<span class=\"_ _1\"></span> gratui<span class=\"_ _1\"></span>tament<span class=\"_ _1\"></span>e azioni in r<span class=\"_ _1\"></span>elazione alla<span class=\"_ _41\"> </span>quota <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rita <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>incentiv<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>breve <span class=\"_ _5\"></span>t<span class=\"_ _1\"></span>ermine <span class=\"_ _5\"></span>(STI)\u201d <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>l\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio<span class=\"_ _41\"> </span>2025, <span class=\"_ _5\"></span>ossia <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>piano <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>ince<span class=\"_ _1\"></span>ntivazione <span class=\"_ _4\"></span>variabile <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _5\"></span>periodo <span class=\"_ _5\"></span>determina<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>base <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>valor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>dello<span class=\"_ _41\"> </span>Short <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>erm <span class=\"_ _5\"></span>Incentive <span class=\"_ _5\"></span>matur<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cui, <span class=\"_ _a\"></span>una <span class=\"_ _a\"></span>quota <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>20% <span class=\"_ _a\"></span>sar\u00e0 <span class=\"_ _a\"></span>diff<span class=\"_ _1\"></span>erita <span class=\"_ _5\"></span>nel <span class=\"_ _a\"></span>tempo <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>riconos<span class=\"_ _4\"></span>ci<span class=\"_ _1\"></span>uta <span class=\"_ _a\"></span>sotto<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>orma di diritti, colleg<span class=\"_ _1\"></span>ati al r<span class=\"_ _1\"></span>aggiungimen<span class=\"_ _1\"></span>to di specifich<span class=\"_ _1\"></span>e performa<span class=\"_ _1\"></span>nce. Il <span class=\"_ _9\"> </span>Consiglio <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>Amminis<span class=\"_ _1\"></span>traz<span class=\"_ _1\"></span>ione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>23 <span class=\"_ _9\"> </span>giugno<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>2025 <span class=\"_ _9\"> </span>ha <span class=\"_ _b\"></span>delibera<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ttuazione <span class=\"_ _9\"> </span>del <span class=\"_ _9\"> </span>piano<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _9\"> </span>la<span class=\"_ _41\"> </span>definizione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>numer<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diritti <span class=\"_ _5\"></span>assegnati <span class=\"_ _4\"></span>ai <span class=\"_ _5\"></span>beneficia<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazione <span class=\"_ _4\"></span>alla <span class=\"_ _5\"></span>quota <span class=\"_ _4\"></span>diffe<span class=\"_ _1\"></span>rita <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>lativo re<span class=\"_ _1\"></span>golamento.<span class=\"_ _41\"> </span>Il numer<span class=\"_ _1\"></span>o dei diritti, definit<span class=\"_ _1\"></span>o dal rapport<span class=\"_ _1\"></span>o fra la<span class=\"_ _1\"></span> quota oggett<span class=\"_ _1\"></span>o di differime<span class=\"_ _1\"></span>nto dello ST<span class=\"_ _1\"></span>I 2024 e il prezz<span class=\"_ _1\"></span>o di<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erimento deter<span class=\"_ _1\"></span>minato dalla media <span class=\"_ _4\"></span>arit<span class=\"_ _1\"></span>metica <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>zzi delle <span class=\"_ _4\"></span>azioni regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>nel corso dei <span class=\"_ _4\"></span>30 giorni di<span class=\"_ _41\"> </span>borsa <span class=\"_ _c\"> </span>ape<span class=\"_ _1\"></span>rta <span class=\"_ _c\"> </span>ante<span class=\"_ _1\"></span>cedenti <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _c\"> </span>di<span class=\"_ _4\"></span> <span class=\"_ _c\"> </span>assegnazione<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>pari <span class=\"_ _c\"> </span>a <span class=\"_ _d\"> </span>50.536 <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>omplessivamen<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>per<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _11\"></span>Amministr<span class=\"_ _1\"></span>ator<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>Deleg<span class=\"_ _1\"></span>ato <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>i <span class=\"_ _d\"> </span>Dirigen<span class=\"_ _1\"></span>ti <span class=\"_ _25\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _d\"> </span>responsabilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _d\"> </span>stra<span class=\"_ _1\"></span>tegiche. <span class=\"_ _d\"> </span>Il <span class=\"_ _c\"> </span>n<span class=\"_ _4\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>diritti <span class=\"_ _d\"> </span>sar\u00e0<span class=\"_ _41\"> </span>successiv<span class=\"_ _1\"></span>amente <span class=\"_ _9\"> </span>ridet<span class=\"_ _1\"></span>erminat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>s<span class=\"_ _4\"></span>ulla<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>base <span class=\"_ _9\"> </span>delle <span class=\"_ _9\"> </span>cond<span class=\"_ _1\"></span>izioni <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>performance <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>onseguite <span class=\"_ _9\"> </span>nel <span class=\"_ _9\"> </span>periodo <span class=\"_ _9\"> </span>di<span class=\"_ _41\"> </span>ves<span class=\"_ _1\"></span>ting <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dal <span class=\"_ _4\"></span>1\u00b0 gennaio 2024 <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 dicembre 2025 <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>rimento all\u2019<span class=\"_ _6\"></span>obiettivo <span class=\"_ _4\"></span>bien<span class=\"_ _1\"></span>nale <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>elativo <span class=\"_ _4\"></span>ai<span class=\"_ _41\"> </span>Capex<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>cumulati <span class=\"_ _17\"> </span>nel <span class=\"_ _25\"> </span>biennio <span class=\"_ _17\"> </span>2024-2025. <span class=\"_ _25\"> </span>I <span class=\"_ _17\"> </span>diritti <span class=\"_ _25\"> </span>saranno <span class=\"_ _25\"> </span>con<span class=\"_ _1\"></span>vertibili <span class=\"_ _17\"> </span>in <span class=\"_ _25\"> </span>azioni <span class=\"_ _17\"> </span>successiv<span class=\"_ _1\"></span>amente<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _11\"></span>Assemblea <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>approv<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>bilancio <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2026. <span class=\"_ _5\"></span>L<span class=\"_ _6\"></span>\u2019importo <span class=\"_ _4\"></span>diff<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>comple<span class=\"_ _1\"></span>ssivi <span class=\"_ _5\"></span>199<span class=\"_ _41\"> </span>migliaia di<span class=\"_ _1\"></span> euro \u00e8 st<span class=\"_ _1\"></span>ato iscri<span class=\"_ _1\"></span>tto nel patri<span class=\"_ _1\"></span>monio netto nel<span class=\"_ _1\"></span>la riserva st<span class=\"_ _1\"></span>ock gra<span class=\"_ _1\"></span>nt. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "36.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Gara<span class=\"_ _1\"></span>nzie e impegni <span class=\"ff3\"> </span>Le <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>anzie <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>riferisc<span class=\"_ _1\"></span>ono <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>fidejussioni <span class=\"_ _a\"></span>pre<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>terzi <span class=\"_ _5\"></span>nell\u2019inte<span class=\"_ _1\"></span>resse <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>10.962 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> euro <span class=\"_ _4\"></span>(10.097 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2024), <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ando <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>865 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di euro <span class=\"_ _4\"></span>derivan<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>dal <span class=\"_ _4\"></span>rilascio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fidejussione <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>anzia <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>Ammodernament<span class=\"_ _1\"></span>o dei <span class=\"_ _4\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>sorveglianz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TS <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _11\"></span>AM <span class=\"_ _5\"></span>pres<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>aeroporti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Grosse<span class=\"_ _1\"></span>to, <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>rapa<span class=\"_ _1\"></span>ni, <span class=\"_ _4\"></span>Gioia <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Colle, <span class=\"_ _4\"></span>Istr<span class=\"_ _1\"></span>ana, Amendola <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>Galatina. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>risulta <span class=\"_ _5\"></span>parzialment<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>compensat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dallo <span class=\"_ _a\"></span>sv<span class=\"_ _1\"></span>incolo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>fid<span class=\"_ _4\"></span>ejussioni <span class=\"_ _5\"></span>a g<span class=\"_ _1\"></span>aranzia di c<span class=\"_ _1\"></span>ommesse est<span class=\"_ _1\"></span>ere e a<span class=\"_ _1\"></span> adeguamenti val<span class=\"_ _1\"></span>utari su <span class=\"_ _1\"></span>pos<span class=\"_ _4\"></span>izi<span class=\"_ _1\"></span>oni pree<span class=\"_ _1\"></span>sisten<span class=\"_ _1\"></span>ti",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "36.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Gara<span class=\"_ _1\"></span>nzie e impegni <span class=\"ff3\"> </span>Le <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>anzie <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>riferisc<span class=\"_ _1\"></span>ono <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>fidejussioni <span class=\"_ _a\"></span>pre<span class=\"_ _1\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>terzi <span class=\"_ _5\"></span>nell\u2019inte<span class=\"_ _1\"></span>resse <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>per <span class=\"_ _5\"></span>10.962 <span class=\"_ _5\"></span>migliaia <span class=\"_ _4\"></span>di<span class=\"_ _4\"></span> euro <span class=\"_ _4\"></span>(10.097 <span class=\"_ _4\"></span>migliaia <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2024), <span class=\"_ _5\"></span>re<span class=\"_ _1\"></span>gistr<span class=\"_ _1\"></span>ando <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>increment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>netto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>865 <span class=\"_ _4\"></span>migliaia <span class=\"_ _5\"></span>di euro <span class=\"_ _4\"></span>derivan<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>principalmen<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>dal <span class=\"_ _4\"></span>rilascio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fidejussione <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>anzia <span class=\"_ _4\"></span>del <span class=\"_ _5\"></span>contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>Ammodernament<span class=\"_ _1\"></span>o dei <span class=\"_ _4\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>sorveglianz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>A<span class=\"_ _6\"></span>TS <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _11\"></span>AM <span class=\"_ _5\"></span>pres<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>gli <span class=\"_ _4\"></span>aeroporti <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Grosse<span class=\"_ _1\"></span>to, <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>rapa<span class=\"_ _1\"></span>ni, <span class=\"_ _4\"></span>Gioia <span class=\"_ _5\"></span>del <span class=\"_ _4\"></span>Colle, <span class=\"_ _4\"></span>Istr<span class=\"_ _1\"></span>ana, Amendola <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>Galatina. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale <span class=\"_ _5\"></span>incremen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>risulta <span class=\"_ _5\"></span>parzialment<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>compensat<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dallo <span class=\"_ _a\"></span>sv<span class=\"_ _1\"></span>incolo <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>fid<span class=\"_ _4\"></span>ejussioni <span class=\"_ _5\"></span>a g<span class=\"_ _1\"></span>aranzia di c<span class=\"_ _1\"></span>ommesse est<span class=\"_ _1\"></span>ere e a<span class=\"_ _1\"></span> adeguamenti val<span class=\"_ _1\"></span>utari su <span class=\"_ _1\"></span>pos<span class=\"_ _4\"></span>izi<span class=\"_ _1\"></span>oni pree<span class=\"_ _1\"></span>sisten<span class=\"_ _1\"></span>ti.<span class=\"_ _4\"></span><span class=\"ff3\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "37.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Utile base e diluit<span class=\"_ _1\"></span>o per azione L<span class=\"_ _6\"></span>\u2019util<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>base <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>azione <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>riporta<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>calce<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>al <span class=\"_ _a\"></span>prospett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>conto <span class=\"_ _5\"></span>economic<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>consolida<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>ed <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>calc<span class=\"_ _1\"></span>olato<span class=\"_ _41\"> </span>dividendo l<span class=\"_ _1\"></span>\u2019utile<span class=\"_ _1\"></span> consolida<span class=\"_ _1\"></span>to per<span class=\"_ _1\"></span> il numer<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>medio ponder<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o delle azi<span class=\"_ _1\"></span>oni ordina<span class=\"_ _1\"></span>rie in <span class=\"_ _1\"></span>circola<span class=\"_ _1\"></span>zione dur<span class=\"_ _1\"></span>ante<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>anno.<span class=\"_ _41\"> </span>Il <span class=\"_ _5\"></span>capital<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>sociale, <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>ha <span class=\"_ _a\"></span>subit<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>modifiche <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cors<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>anno<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _5\"></span>compos<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>da <span class=\"_ _a\"></span>n. <span class=\"_ _5\"></span>541.744.385 <span class=\"_ _5\"></span>azioni<span class=\"_ _41\"> </span>ordinarie<span class=\"_ _1\"></span>. <span class=\"_ _9\"> </span>La <span class=\"_ _9\"> </span>Capogruppo <span class=\"_ _b\"></span>possiede <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>fine <span class=\"_ _9\"> </span>2025 <span class=\"_ _9\"> </span><span class=\"ls11\">n.</span> <span class=\"_ _b\"></span>1.419.1050 <span class=\"_ _9\"> </span>azioni <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>oprie, <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>cui <span class=\"_ _9\"> </span>1.400.000 <span class=\"_ _9\"> </span>azioni<span class=\"_ _41\"> </span>acquis<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>mese di <span class=\"_ _4\"></span>dicembre. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orso <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>sono <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>assegna<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>n. <span class=\"_ _4\"></span>361.835 <span class=\"_ _4\"></span>azioni proprie<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erite <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>terz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>ciclo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">vesting</span> <span class=\"_ _4\"></span>2022-2024 <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>piano <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>incen<span class=\"_ _1\"></span>tivazione <span class=\"_ _4\"></span>azionaria <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erito <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>periodo <span class=\"_ _4\"></span>2020-<span class=\"_ _41\"> </span>2022.<span class=\"_ _41\"> </span>Nella t<span class=\"_ _1\"></span>abella che segue vie<span class=\"_ _1\"></span>ne riepiloga<span class=\"_ _1\"></span>to il ca<span class=\"_ _1\"></span>lcolo eff<span class=\"_ _1\"></span>ettuat<span class=\"_ _1\"></span>o.<table class=\"s w42d h754\" id=\"_9805c01f-e5b5-432f-a30a-cbb32dbd12f7\"><tr><td></td><td class=\"c x354 y179e w22c h2c\"><div class=\"t m0 x3b h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x355 y179e w22d h2c\"><div class=\"t m0 x3b h2 y2d3 ff6 fs6 fc0 sc0 ls16 ws0\">2024<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x233 y179f w22b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile consolidat<span class=\"_ _1\"></span>o<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x354 y179f w22c h2c\"><div class=\"t m0 x66 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">93.125.378<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x355 y179f w22d h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">125.714.776<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a0 w22b h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Numer<span class=\"_ _1\"></span>o medio ponderato di<span class=\"_ _1\"></span> azio<span class=\"_ _4\"></span>ni ord<span class=\"_ _1\"></span>inarie<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x354 y17a0 w22c h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.430.919<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x355 y17a0 w22d h2c\"><div class=\"t m0 x1 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">541.739.686<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a1 w22b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile base per azione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x354 y17a1 w22c h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,17<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x355 y17a1 w22d h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,23<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a2 w22b h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Utile diluit<span class=\"_ _1\"></span>o pe<span class=\"_ _4\"></span>r azione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x354 y17a2 w22c h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,17<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x355 y17a2 w22d h2f\"><div class=\"t m0 x62 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0,23<span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "<div class=\"c w2 h0 gs22\"><div class=\"t m0 x3 h4 yfe2 ff3 fs1 fc0 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h4 yfe3 ff2 fs1 fc3 sc3 ls0 ws0\">39.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Gestione dei <span class=\"_ _1\"></span>rischi finanziari <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yfe4 ff2 fs1 fc0 sc0 ls0 ws0\">Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _a\"></span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>,<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>nello <span class=\"_ _a\"></span>sv<span class=\"_ _1\"></span>olgiment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>propria <span class=\"_ _5\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>business,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>espos<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>a <span class=\"_ _5\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>rischi <span class=\"_ _5\"></span>finanziari </div><div class=\"t m0 x3 h4 yfe5 ff2 fs1 fc0 sc0 ls0 ws0\">quali <span class=\"_ _a\"></span>rischi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _a\"></span>(rischio <span class=\"_ _a\"></span>cambio <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>rischio <span class=\"_ _b\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>esse), <span class=\"_ _b\"></span>il <span class=\"_ _a\"></span>rischio <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>credito <span class=\"_ _a\"></span>ed <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>rischio <span class=\"_ _a\"></span>di </div><div class=\"t m0 x3 h4 yfe6 ff2 fs1 fc0 sc0 ls0 ws0\">liquidit<span class=\"_ _1\"></span>\u00e0. <span class=\"_ _b\"></span>La <span class=\"_ _9\"> </span>g<span class=\"_ _1\"></span>estione <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>tali <span class=\"_ _b\"></span>rischi <span class=\"_ _b\"> </span>s<span class=\"_ _4\"></span>i <span class=\"_ _a\"></span>basa <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>presen<span class=\"_ _1\"></span>za <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>specifici <span class=\"_ _b\"></span>Comita<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>interni, <span class=\"_ _b\"></span>comp<span class=\"_ _1\"></span>osti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>top </div><div class=\"t m0 x3 h4 yfe7 ff2 fs1 fc0 sc0 ls0 ws0\">managemen<span class=\"_ _1\"></span>t del <span class=\"_ _4\"></span>Gruppo<span class=\"_ _1\"></span>, cui \u00e8 affidato il ruolo di indirizz<span class=\"_ _1\"></span>o stra<span class=\"_ _1\"></span>tegic<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e di supervisione della gestione<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei </div><div class=\"t m0 x3 h4 yfe8 ff2 fs1 fc0 sc0 ls0 ws0\">rischi e su<span class=\"_ _1\"></span> Policy c<span class=\"_ _1\"></span>he definisc<span class=\"_ _1\"></span>ono i ruoli e le<span class=\"_ _1\"></span> responsabili<span class=\"_ _1\"></span>t\u00e0 per i <span class=\"_ _1\"></span>processi di g<span class=\"_ _1\"></span>estione,<span class=\"_ _1\"></span> la struttur<span class=\"_ _1\"></span>a dei limiti<span class=\"_ _1\"></span>, </div><div class=\"t m0 x3 h4 yfe9 ff2 fs1 fc0 sc0 ls0 ws0\">il modello dell<span class=\"_ _1\"></span>e relazi<span class=\"_ _1\"></span>oni e gli strumenti <span class=\"_ _1\"></span>di copertur<span class=\"_ _1\"></span>a e mitig<span class=\"_ _1\"></span>azione.<span class=\"ff3\"> </span></div><div class=\"t m0 x3 h3 yfea ff3 fs0 fc3 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h3 yfeb ff3 fs0 fc3 sc0 ls0 ws0\"> </div></div>Rischio di credit<span class=\"_ _1\"></span>o Il Gruppo \u00e8 espos<span class=\"_ _1\"></span>to al rischio di cr<span class=\"_ _1\"></span>edito che si s<span class=\"_ _1\"></span>ostanzi<span class=\"_ _1\"></span>a nel rischio che una o pi\u00f9 co<span class=\"_ _1\"></span>ntropar<span class=\"_ _1\"></span>ti commer<span class=\"_ _1\"></span>ciali<span class=\"_ _41\"> </span>possano <span class=\"_ _a\"></span>divenir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>incapaci <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>soddisf<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>tutto <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>parte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>prop<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>obblig<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>pagament<span class=\"_ _1\"></span>o. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale<span class=\"_ _41\"> </span>rischio <span class=\"_ _7\"> </span>s<span class=\"_ _4\"></span>i <span class=\"_ _7\"> </span>manif<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _7\"> </span>in <span class=\"_ _12\"> </span>relazione <span class=\"_ _7\"> </span>ai <span class=\"_ _7\"> </span>crediti <span class=\"_ _12\"> </span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _7\"> </span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _7\"> </span>alle <span class=\"_ _12\"> </span>attivit\u00e0<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>tive, <span class=\"_ _c\"> </span>e <span class=\"_ _d\"> </span>in<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>particola<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>in <span class=\"_ _d\"> </span>con<span class=\"_ _1\"></span>nessione <span class=\"_ _c\"> </span>s<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ai <span class=\"_ _c\"> </span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _d\"> </span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _c\"> </span>dalle <span class=\"_ _c\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _d\"> </span>sul <span class=\"_ _c\"> </span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _c\"> </span>non<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>golamenta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>che ai <span class=\"_ _4\"></span>servizi <span class=\"_ _4\"></span>di Rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>i servizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>T<span class=\"_ _2\"></span>erminale, <span class=\"_ _4\"></span>che rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>la maggiore <span class=\"_ _4\"></span>esposizione<span class=\"_ _41\"> </span>in <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>somme <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _1\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>crediti <span class=\"_ _1\"></span>matur<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ronti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol. <span class=\"_ _1\"></span>In t<span class=\"_ _1\"></span>ale<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>o, <span class=\"_ _a\"></span>la <span class=\"_ _b\"></span>misurazione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>confr<span class=\"_ _1\"></span>onti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>corre<span class=\"_ _1\"></span>lata <span class=\"_ _a\"></span>ai<span class=\"_ _41\"> </span>profil<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischiosit\u00e0 <span class=\"_ _4\"></span>associati <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>settor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>compagnie <span class=\"_ _4\"></span>aeree<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Nello <span class=\"_ _5\"></span>specifico<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>Eurocontr<span class=\"_ _1\"></span>ol <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>assume<span class=\"_ _41\"> </span>alcun <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>fron<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eventual<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>insolve<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>vetto<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>salda <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>proprie <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _12\"> </span>solo <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>seguito <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>avvenut<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>incasso <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>elle <span class=\"_ _c\"> </span>rispettive <span class=\"_ _12\"> </span>som<span class=\"_ _4\"></span>me <span class=\"_ _c\"> </span>dal<span class=\"_ _1\"></span>le <span class=\"_ _c\"> </span>compagnie <span class=\"_ _c\"> </span>ae<span class=\"_ _1\"></span>ree.<span class=\"_ _41\"> </span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>vece <span class=\"_ _a\"></span>si <span class=\"_ _b\"></span>attiv<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _a\"></span>ste<span class=\"_ _1\"></span>ssi, <span class=\"_ _b\"></span>avviando <span class=\"_ _a\"></span>anche <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _a\"></span>azioni<span class=\"_ _41\"> </span>giudiziali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>nece<span class=\"_ _1\"></span>ssario, per <span class=\"_ _4\"></span>i crediti di <span class=\"_ _4\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ed in <span class=\"_ _4\"></span>colla<span class=\"_ _1\"></span>borazione con <span class=\"_ _4\"></span>la Capogruppo <span class=\"_ _4\"></span>per il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecupero dei<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>diti di terminale.<span class=\"_ _41\"> </span>A <span class=\"_ _5\"></span>front<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inadempienz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>debitori <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>iscritto <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>apposito<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ondo  s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione  (Ex<span class=\"_ _1\"></span>pected <span class=\"_ _10\"> </span>Cr<span class=\"_ _1\"></span>edit  Los<span class=\"_ _1\"></span>s)  det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>to  in <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>principio <span class=\"_ _9\"> </span>IFRS  9<span class=\"lse\">,  </span>oggett<span class=\"_ _1\"></span>o  di<span class=\"_ _41\"> </span>specifico <span class=\"_ _4\"></span>aggiorna<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>corso <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _1\"></span>,<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>ba<span class=\"_ _1\"></span>sato <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>eriora<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>merito <span class=\"_ _4\"></span>creditizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>panier<span class=\"_ _1\"></span>e di societ\u00e0 r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive del sett<span class=\"_ _1\"></span>ore del tr<span class=\"_ _1\"></span>asport<span class=\"_ _1\"></span>o aereo. La <span class=\"_ _10\"> </span>seguent<span class=\"_ _1\"></span>e  t<span class=\"_ _1\"></span>abella <span class=\"_ _9\"> </span>fornisce <span class=\"_ _9\"> </span>una  ripartizi<span class=\"_ _1\"></span>one <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>cr<span class=\"_ _1\"></span>editi  c<span class=\"_ _1\"></span>ommerciali<span class=\"_ _1\"></span>  (c<span class=\"_ _1\"></span>orrenti <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>non  c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti)  al<span class=\"_ _1\"></span>  31<span class=\"_ _41\"> </span>dicembr<span class=\"_ _1\"></span>e 2025:<table class=\"s w42e h755\" id=\"_d916398a-22b9-4089-bef0-aa3da1c8bc0e\"><tr><td></td><td></td><td></td><td></td><td class=\"c x3be y17a3 w42f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div><div class=\"t m0 x3bd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td><td class=\"c x3bf y17a3 w320 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td><td class=\"c x3c0 y17a3 w430 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x3c1 y17a4 w24b hf8\"><div class=\"t m0 x0 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x3c2 y17a4 w24c hf8\"><div class=\"t m0 x2c hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">A scader<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></div></td><td class=\"c x3c3 y17a5 w431 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">0-30 gg<span class=\"_ _41\"> </span></div></td><td class=\"c x3c4 y17a5 w432 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls26 ws0\">31<span class=\"ls0\">-90 gg<span class=\"_ _41\"> </span></span></div></td><td class=\"c x3c5 y17a5 w433 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls26 ws0\">91<span class=\"ls0\">-150 gg<span class=\"_ _41\"> </span></span></div></td><td class=\"c x3c6 y17a5 w434 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">oltre 150 gg<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y17a6 w24a h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a6 w24b h2c\"><div class=\"t m0 x1df h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">285.949<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a6 w24c h2c\"><div class=\"t m0 x68 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">228.823<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a6 w1e1 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5.354<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a6 w24d h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">2.843<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a6 w24e h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.214<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a6 w113 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">47.715<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a7 w24a h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Contract assets<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a7 w24b h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.405<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a7 w24c h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.405<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a7 w1e1 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a7 w24d h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a7 w24e h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a7 w113 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a8 w24a h31\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a8 w24b h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(36.968)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a8 w24c h31\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(117)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a8 w1e1 h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(165)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a8 w24d h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(142)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a8 w24e h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(163)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a8 w113 h31\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(36.381)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a9 w24a h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione c<span class=\"_ _1\"></span>ontract assets<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a9 w24b h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(197)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a9 w24c h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(197)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a9 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a9 w24d h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a9 w24e h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a9 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17aa w24a h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e netto<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17aa w24b h2c\"><div class=\"t m0 x90 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">261.189<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c2 y17aa w24c h2c\"><div class=\"t m0 x68 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">240.914<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c7 y17aa w1e1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.189<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c8 y17aa w24d h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.701<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c9 y17aa w24e h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.051<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3ca y17aa w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11.334<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y1708 w435 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">% di ECL (e<span class=\"_ _1\"></span>xpected credit lo<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>) per fasce di<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y170a w436 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">scaduto<span class=\"_ _41\"> </span></div></td><td class=\"c x3c1 y17ab w24b h44\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">12,5%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17ab w24c h44\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0,1%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17ab w1e1 h44\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">3,1%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17ab w24d h44\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">5,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17ab w24e h44\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">13,4%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17ab w113 h44\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">76,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3c9 y17ac w24f h2c\"><div class=\"t m0 x40 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>Rischio di liq<span class=\"_ _1\"></span>uidit\u00e0 Il <span class=\"_ _9\"> </span>ris<span class=\"_ _4\"></span>chio <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>liquidit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _10\"> </span>ra<span class=\"_ _1\"></span>ppresen<span class=\"_ _1\"></span>ta <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>rischio  c<span class=\"_ _1\"></span>he <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>pur  e<span class=\"_ _1\"></span>ssendo <span class=\"_ _10\"> </span>solvibil<span class=\"_ _1\"></span>e,  po<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>  tr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>rsi <span class=\"_ _9\"> </span>nelle<span class=\"_ _41\"> </span>condizioni <span class=\"_ _6\"></span>di no<span class=\"_ _1\"></span>n pot<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>far <span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>empestiv<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>agli <span class=\"_ _6\"></span>impegni <span class=\"_ _1\"></span>associati <span class=\"_ _1\"></span>alle<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>passivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie,<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>isti <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>impr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti,  pe<span class=\"_ _1\"></span>r  d<span class=\"_ _1\"></span>ifficolt\u00e0 <span class=\"_ _9\"> </span>nel <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>perire <span class=\"_ _9\"> </span>risorse <span class=\"_ _9\"> </span>finanziarie, <span class=\"_ _9\"> </span>o  c<span class=\"_ _1\"></span>he <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>grado <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>arlo <span class=\"_ _10\"> </span>solo <span class=\"_ _9\"> </span>a<span class=\"_ _41\"> </span>condizioni <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _1\"></span>sfa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>evoli <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>causa <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>attori <span class=\"_ _1\"></span>leg<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>cezione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>pria risc<span class=\"_ _1\"></span>hiosit\u00e0 <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parte<span class=\"_ _41\"> </span>del mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o, o<span class=\"_ _1\"></span> di situa<span class=\"_ _1\"></span>zioni <span class=\"_ _1\"></span>di crisi sis<span class=\"_ _1\"></span>temica<span class=\"_ _1\"></span> quali, a<span class=\"_ _1\"></span> titol<span class=\"_ _1\"></span>o esemplifica<span class=\"_ _1\"></span>tivo e <span class=\"_ _1\"></span>non esaus<span class=\"_ _1\"></span>tivo<span class=\"_ _1\"></span>, credit<span class=\"_ _1\"></span> crunch e<span class=\"_ _41\"> </span>crisi del <span class=\"_ _4\"></span>debito sovrano<span class=\"_ _1\"></span>, ovvero risulti <span class=\"_ _4\"></span>ina<span class=\"_ _1\"></span>dempiente agli <span class=\"_ _4\"></span>impegni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>(<span class=\"ff8\">covenant</span>) assun<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>alcuni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti di<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to.  La <span class=\"_ _a\"></span>liquidit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>pur <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>tesor<span class=\"_ _1\"></span>eria <span class=\"_ _a\"></span>centr<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>(cd. <span class=\"_ _b\"></span><span class=\"ff8\">cash <span class=\"_ _a\"></span>pooli<span class=\"_ _1\"></span>ng<span class=\"_ _4\"></span><span class=\"ff2\">), <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tita <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span></span></span>monitor<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dalla <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>livello <span class=\"_ _a\"></span>sosta<span class=\"_ _1\"></span>nzialmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>accentr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>fine <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>ottimizzar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>complessiva<span class=\"_ _41\"> </span>disponibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>risor<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>finanziarie, <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>volgendo <span class=\"_ _6\"></span>un\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>direzione <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>coordina<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _41\"> </span>del Gruppo. Al <span class=\"_ _1\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2025 <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>ha <span class=\"_ _6\"></span>disponibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liquide <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>451,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>dispone <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>dito<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>termine <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>total<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>203 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro. <span class=\"_ _1\"></span>Si <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di: <span class=\"_ _1\"></span>i) <span class=\"_ _1\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>uncommitt<span class=\"_ _1\"></span>ed<span class=\"ff2\">, soggett<span class=\"_ _1\"></span>e a r<span class=\"_ _1\"></span>evoca, pe<span class=\"_ _1\"></span>r 53 milioni <span class=\"_ _1\"></span>di euro<span class=\"_ _1\"></span>, che <span class=\"_ _1\"></span>non pre<span class=\"_ _1\"></span>vedono il <span class=\"_ _1\"></span>rispetto di <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> n\u00e9 al<span class=\"_ _1\"></span>tri<span class=\"_ _41\"> </span></span></span></span>impegni contr<span class=\"_ _1\"></span>attuali, di <span class=\"_ _4\"></span>cui 1 milione di <span class=\"_ _4\"></span>euro nella<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>orma <span class=\"_ _4\"></span>di scoper<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>37 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di anticipi fina<span class=\"_ _1\"></span>nziari utilizz<span class=\"_ _1\"></span>abili senz<span class=\"_ _1\"></span>a alcun vinc<span class=\"_ _1\"></span>olo di des<span class=\"_ _1\"></span>tinazione e 15 milioni di e<span class=\"_ _1\"></span>uro pe<span class=\"_ _1\"></span>r anticipi ex<span class=\"_ _1\"></span>port;<span class=\"_ _41\"> </span>ii) <span class=\"_ _4\"></span>linee <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span><span class=\"ff8\">committed</span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>import<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>comples<span class=\"_ _1\"></span>sivo <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>150 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>inizial<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span><span class=\"ls51\">a<span class=\"_ _41\"> </span></span>marz<span class=\"_ _1\"></span>o 2026. A tal fine<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>segnala che nel mese di ge<span class=\"_ _1\"></span>nnaio 2026 tali line<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span><span class=\"ff8\">committ<span class=\"_ _1\"></span>ed <span class=\"ff2\">sono st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> rinnovat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o di un\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one di <span class=\"ff8\">refinancing</span> e ridotte<span class=\"_ _1\"></span> nella misura<span class=\"_ _1\"></span> complessiv<span class=\"_ _1\"></span>a di 90 milioni di e<span class=\"_ _1\"></span>uro.<span class=\"_ _41\"> </span>Nel lungo periodo<span class=\"_ _1\"></span>, il ris<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>hio di liquidit\u00e0 \u00e8 mitig<span class=\"_ _1\"></span>ato attr<span class=\"_ _1\"></span>ave<span class=\"_ _1\"></span>rso una str<span class=\"_ _1\"></span>ategi<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>stione dell\u2019indebita<span class=\"_ _1\"></span>mento<span class=\"_ _41\"> </span>che <span class=\"_ _7\"> </span>prev<span class=\"_ _1\"></span>ede <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>diver<span class=\"_ _1\"></span>sificat<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>onti <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>finanziament<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>termi<span class=\"_ _1\"></span>ni <span class=\"_ _7\"> </span>sia <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>natu<span class=\"_ _1\"></span>ra  degli<span class=\"_ _41\"> </span>affidamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>sia <span class=\"_ _4\"></span>di contr<span class=\"_ _1\"></span>oparti, <span class=\"_ _4\"></span>cui ricorrer<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>abbisogni <span class=\"_ _4\"></span>finanziari ed <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ofilo<span class=\"_ _41\"> </span>di <span class=\"ff8\">maturity </span>del debit<span class=\"_ _1\"></span>o equilibr<span class=\"_ _1\"></span>ato. Nel <span class=\"_ _d\"> </span>ris<span class=\"_ _4\"></span>pett<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>degl<span class=\"_ _1\"></span>i <span class=\"_ _25\"> </span>indirizzi <span class=\"_ _d\"> </span>gener<span class=\"_ _1\"></span>ali <span class=\"_ _25\"> </span>fissati <span class=\"_ _d\"> </span>dal <span class=\"_ _25\"> </span>ver<span class=\"_ _1\"></span>tice <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _25\"> </span>P<span class=\"_ _1\"></span>olicy <span class=\"_ _25\"> </span>appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>ta <span class=\"_ _d\"> </span>dal <span class=\"_ _25\"> </span>Consiglio <span class=\"_ _d\"> </span>di<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>azione, <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>struttu<span class=\"_ _1\"></span>ra <span class=\"_ _a\"></span>Finance <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>definisce <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>finanziaria <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>breve<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>medio-lungo periodo e <span class=\"_ _4\"></span>la ges<span class=\"_ _1\"></span>tione <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativi flus<span class=\"_ _4\"></span>si finanziari. Le scelte sono <span class=\"_ _4\"></span>princ<span class=\"_ _1\"></span>ipalmente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>orient<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a:<span class=\"_ _41\"> </span>i) <span class=\"_ _b\"></span>ga<span class=\"_ _1\"></span>rantir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>risorse <span class=\"_ _b\"></span>finanziarie <span class=\"_ _b\"></span>disponibili <span class=\"_ _b\"></span>adeguat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _b\"> </span>impegni <span class=\"_ _9\"> </span>oper<span class=\"_ _1\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>breve <span class=\"_ _b\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti,<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>ematicamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>monitora<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pianificazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tesore<span class=\"_ _1\"></span>ria; <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>mantenere <span class=\"_ _4\"></span>un <span class=\"_ _5\"></span><span class=\"ff8\">liquidity<span class=\"_ _41\"> </span></span>buffer<span class=\"ff2\"> <span class=\"_ _5\"></span>prudenziale <span class=\"_ _5\"></span>sufficient<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>far <span class=\"_ _5\"></span>front<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>ad <span class=\"_ _a\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _a\"></span>impegni <span class=\"_ _a\"></span>inatt<span class=\"_ _1\"></span>esi; <span class=\"_ _a\"></span>iii) <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>antir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>livello <span class=\"_ _5\"></span>minimo<span class=\"_ _41\"> </span></span>della riserva<span class=\"_ _1\"></span> di liquidit\u00e0 <span class=\"_ _1\"></span>per assicurar<span class=\"_ _1\"></span>e l\u2019int<span class=\"_ _1\"></span>egral<span class=\"_ _1\"></span>e copertur<span class=\"_ _1\"></span>a del debit<span class=\"_ _1\"></span>o di breve<span class=\"_ _1\"></span> termine e la c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> del<span class=\"_ _41\"> </span>debito <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>\u2013lungo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>scadente<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tempor<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>24 <span class=\"_ _1\"></span>mesi, <span class=\"_ _1\"></span>anch<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>trizioni<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>acce<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o; <span class=\"_ _5\"></span>iv) <span class=\"_ _5\"></span>assicurar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>adeguato <span class=\"_ _4\"></span>livello <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>elas<span class=\"_ _1\"></span>ticit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>progr<span class=\"_ _1\"></span>ammi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>svil<span class=\"_ _1\"></span>uppo <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>medio<span class=\"_ _41\"> </span>lungo <span class=\"_ _b\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _b\"> </span>relativ<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nve<span class=\"_ _1\"></span>stimento <span class=\"_ _b\"></span>per <span class=\"_ _b\"> </span>la <span class=\"_ _9\"> </span>moder<span class=\"_ _1\"></span>nizzazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ecnologica <span class=\"_ _b\"></span>ed<span class=\"_ _41\"> </span>infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>ale degli impia<span class=\"_ _1\"></span>nti di assist<span class=\"_ _1\"></span>enza al<span class=\"_ _1\"></span> volo.  L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>aria <span class=\"_ _4\"></span>lor<span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Grup<span class=\"_ _1\"></span>po, <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del 3<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dicembre 202<span class=\"_ _4\"></span>5<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>pari a <span class=\"_ _4\"></span>578,2 <span class=\"_ _4\"></span>milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>ed <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rap<span class=\"_ _1\"></span>presen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dall\u2019indebita<span class=\"_ _1\"></span>mento <span class=\"_ _a\"></span>nei <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>fron<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>sis<span class=\"_ _1\"></span>tema <span class=\"_ _a\"></span>bancario <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>finanziamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>medio <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span>lungo termine<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di cui 379,1 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o esigibili entr<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>i dodici mesi <span class=\"_ _4\"></span>e per 11,5 milioni di euro dai debiti<span class=\"_ _41\"> </span>per leasing. Nella t<span class=\"_ _1\"></span>abella seguent<span class=\"_ _1\"></span>e \u00e8 riportata<span class=\"_ _1\"></span> un\u2019<span class=\"_ _6\"></span>analisi delle scade<span class=\"_ _1\"></span>nze<span class=\"_ _1\"></span>, b<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>sata sugli ob<span class=\"_ _1\"></span>blighi contr<span class=\"_ _1\"></span>attuali di rimbor<span class=\"_ _1\"></span>so,<span class=\"_ _41\"> </span>espost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per i <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>ti banc<span class=\"_ _1\"></span>ari <span class=\"_ _1\"></span>a medi<span class=\"_ _1\"></span>o lung<span class=\"_ _1\"></span>o t<span class=\"_ _1\"></span>ermine <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e nominal<span class=\"_ _1\"></span>e, senz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>consider<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span> gli <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>etti<span class=\"_ _41\"> </span>del cos<span class=\"_ _1\"></span>to ammortizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o: <table class=\"s w437 h756\" id=\"_923a38b9-1cdf-4af3-a848-deeacb0198be\"><tr><td></td><td></td><td class=\"c x3cb y17ad w438 h72c\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Debito<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x3cc y17ae w439 h72c\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">residuo al<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x3cd y17b0 w43a h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls0 ws0\">da 1 a 2<span class=\"_ _41\"> </span></div></td><td class=\"c x3ce y17b0 w43b h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls0 ws0\">da 3 a 5<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y17b1 w251 h409\"><div class=\"t m0 x0 h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">Finanzia<span class=\"_ _1\"></span>tore<span class=\"ff1\"> </span></div></td><td class=\"c x3cf y17b1 w252 h409\"><div class=\"t m0 x51 h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1\"> </span></div></td><td class=\"c x3d0 y17b2 w43c h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls16 ws0\">31.12.2025<span class=\"_ _41\"> </span></div></td><td class=\"c x297 y17b1 w254 h409\"><div class=\"t m0 x4b h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">&lt;1 anno<span class=\"ff1\"> </span></div></td><td class=\"c x3d1 y17b3 w43d h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls61 ws0\">anni<span class=\"_ _41\"> </span></div></td><td class=\"c x3d2 y17b3 w43d h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls61 ws0\">anni<span class=\"_ _41\"> </span></div></td><td class=\"c x26f y17b1 w256 h409\"><div class=\"t m0 x2e h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">&gt;5 anni<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x270 y17b4 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b4 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 15 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b4 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">36.767<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b4 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.985<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b4 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.121<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b4 w255 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.661<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b4 w256 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b5 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b5 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 15 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b5 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b5 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b5 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b5 w255 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b5 w256 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.667<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b6 w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b6 w252 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 16 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b6 w253 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">53.103<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b6 w254 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.828<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b6 wfa h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.828<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b6 w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.483<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b6 w256 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">28.964<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b7 w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b7 w252 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 16 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b7 w253 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">80.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b7 w254 h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b7 wfa h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b7 w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19.200<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b7 w256 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">60.800<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b8 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erm loan pool di banche<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b8 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M termine a 3 anni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b8 w253 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">360.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b8 w254 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">360.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b8 wfa h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b8 w255 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b8 w256 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b9 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti finanziari IFRS<span class=\"_ _1\"></span> 16<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x3d3 y17b9 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b9 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.708<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b9 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.553<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b9 w255 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.684<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b9 w256 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">527<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y17ba w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x3d3 y17ba w253 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">578.675<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x297 y17ba w254 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">381.854<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3d4 y17ba wfa h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">21.835<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3d5 y17ba w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">74.028<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y17ba w256 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">100.958<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3d5 y17bb w257 h31\"><div class=\"t m0 x4a h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>sopra <span class=\"_ _5\"></span>prevedo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>ali <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>covenan<span class=\"_ _1\"></span>t <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>enuto <span class=\"_ _1\"></span>anche neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>che, per <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>linea c<span class=\"_ _1\"></span>on la<span class=\"_ _1\"></span> pra<span class=\"_ _1\"></span>ssi di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tti di <span class=\"_ _1\"></span>finanziament<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di importo e na<span class=\"_ _1\"></span>tura assimil<span class=\"_ _1\"></span>abili, potrebbe<span class=\"_ _1\"></span>ro limitarne l\u2019<span class=\"_ _2\"></span>operativi<span class=\"_ _1\"></span>t\u00e0. In particolar<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>i contr<span class=\"_ _1\"></span>atti prev<span class=\"_ _1\"></span>edono<span class=\"_ _41\"> </span>alcune <span class=\"_ _b\"> </span>ipotesi <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>rimborso<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>anticipa<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>verificar<span class=\"_ _1\"></span>si <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>determina<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>inadempiment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>(<span class=\"_ _4\"></span><span class=\"ff8\">E<span class=\"_ _1\"></span>vents <span class=\"_ _b\"></span>of<span class=\"_ _41\"> </span></span>default<span class=\"ff2\">) <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>ricorr<span class=\"_ _1\"></span>ere <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>quali <span class=\"_ _b\"></span>la <span class=\"_ _9\"> </span>Capogru<span class=\"_ _1\"></span>ppo <span class=\"_ _9\"> </span>p<span class=\"_ _1\"></span>otrebbe <span class=\"_ _b\"></span>essere<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>obblig<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>a <span class=\"_ _a\"></span>rimborsar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>ntegralmen<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span></span>immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e i rela<span class=\"_ _1\"></span>tivi finanziamenti. In particolar<span class=\"_ _1\"></span>e, si evidenzi<span class=\"_ _1\"></span>a quanto segue<span class=\"_ _1\"></span>:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">i  con<span class=\"_ _1\"></span>tratti <span class=\"_ _10\"> </span>di  finanzi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o  sottoscritti <span class=\"_ _10\"> </span>tra<span class=\"_ _1\"></span>  la  Capog<span class=\"_ _1\"></span>ruppo  e  la <span class=\"_ _10\"> </span>Eur<span class=\"_ _1\"></span>opean  In<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tment  Bank <span class=\"_ _10\"> </span>(BEI)<span class=\"_ _41\"> </span></span></span>rispettiv<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>importo <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>180 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2014 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>70 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2016<span class=\"_ _41\"> </span>con <span class=\"_ _1\"></span>il fine<span class=\"_ _1\"></span> di fi<span class=\"_ _1\"></span>nanziare <span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ogrammi <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>timento <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>ness<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>4-flight <span class=\"_ _1\"></span>ed al<span class=\"_ _1\"></span>tri pr<span class=\"_ _1\"></span>ogetti, fi<span class=\"_ _1\"></span>nanziamenti<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egralmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>2025, <span class=\"_ _6\"></span>prev<span class=\"_ _1\"></span>edono <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>piano <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>rimbor<span class=\"_ _1\"></span>so: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>tranc<span class=\"_ _1\"></span>he<span class=\"_ _41\"> </span>di 100 <span class=\"_ _4\"></span>milioni di <span class=\"_ _4\"></span>eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>semes<span class=\"_ _1\"></span>trali posticipa<span class=\"_ _1\"></span>te a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da dicembre 2018 e <span class=\"_ _4\"></span>sc<span class=\"_ _1\"></span>adenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a dicembre<span class=\"_ _41\"> </span>20<span class=\"ls0\">29 e <span class=\"_ _1\"></span>con int<span class=\"_ _1\"></span>eressi <span class=\"_ _1\"></span>a tasso <span class=\"_ _1\"></span>fisso pari a 1<span class=\"_ _1\"></span>,515%; ii) per <span class=\"_ _1\"></span>la tr<span class=\"_ _1\"></span>anche di 80 milioni <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o, r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e semestr<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span></span>posticipa<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>giugno <span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>dice<span class=\"_ _1\"></span>mbre <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>32 <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>fisso <span class=\"_ _5\"></span>pari <span class=\"_ _a\"></span>a<span class=\"_ _41\"> </span>1,01%; iii) per <span class=\"_ _4\"></span>la tranche da 70 milioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span>, rate semes<span class=\"_ _1\"></span>trali posticipa<span class=\"_ _1\"></span>te a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da agost<span class=\"_ _1\"></span>o 2022 <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>scadenz<span class=\"_ _1\"></span>a ad <span class=\"_ _4\"></span>agos<span class=\"_ _1\"></span>to 2036 <span class=\"_ _4\"></span>e con inter<span class=\"_ _1\"></span>essi <span class=\"_ _4\"></span>a ta<span class=\"_ _1\"></span>sso <span class=\"_ _4\"></span>fisso pari a <span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>,638%. <span class=\"_ _4\"></span>Nel 2023 \u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sott<span class=\"_ _1\"></span>oscritto tra<span class=\"_ _41\"> </span>la <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>Eur<span class=\"_ _1\"></span>opean <span class=\"_ _b\"> </span>Inves<span class=\"_ _1\"></span>tment <span class=\"_ _b\"></span>Bank <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>BEI) <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>nu<span class=\"_ _1\"></span>ovo <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tto <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>nanziament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span>importo <span class=\"_ _b\"></span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>160 <span class=\"_ _9\"> </span>mil<span class=\"_ _1\"></span>ioni <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>lo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>scopo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>finanziare <span class=\"_ _b\"></span>alcuni <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _b\"></span>che<span class=\"_ _41\"> </span>att<span class=\"_ _1\"></span>engono <span class=\"_ _b\"></span>all\u2019imple<span class=\"_ _1\"></span>mentazione <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>rollo <span class=\"_ _5\"></span>remoto <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>torri <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>aer<span class=\"_ _1\"></span>oporti <span class=\"_ _b\"></span>minori <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>ammodernamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>digit<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _1\"></span>serie <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>fras<span class=\"_ _1\"></span>trutture <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _1\"></span>da <span class=\"_ _6\"></span>realizz<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>periodo<span class=\"_ _41\"> </span>2023-2028. Al 31 dicembre 20<span class=\"_ _1\"></span>25<span class=\"_ _4\"></span> il finanziamen<span class=\"_ _1\"></span>to \u00e8 sta<span class=\"_ _1\"></span>to utilizza<span class=\"_ _1\"></span>to parzialment<span class=\"_ _1\"></span>e per <span class=\"_ _4\"></span>un import<span class=\"_ _1\"></span>o pari<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>80 mili<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>euro.<span class=\"_ _1\"></span> La <span class=\"_ _1\"></span>tran<span class=\"_ _1\"></span>che utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>piano di<span class=\"_ _1\"></span> rimbor<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>mestr<span class=\"_ _1\"></span>ali pos<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>partire<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>agost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2028 <span class=\"_ _4\"></span>con scadenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>aprile <span class=\"_ _4\"></span>2040 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _4\"></span>fisso <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>3,542%. <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>er <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>nche non utilizz<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> la scadenz<span class=\"_ _1\"></span>a del periodo di dispon<span class=\"_ _1\"></span>ibilit\u00e0 \u00e8 ott<span class=\"_ _1\"></span>obre 2026.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ali c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti inoltre pr<span class=\"_ _1\"></span>evedono:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _b\"></span>clausola <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>nega<span class=\"_ _1\"></span>tive <span class=\"_ _b\"></span>pledge<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>ossia<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>impe<span class=\"_ _1\"></span>gno <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>carico <span class=\"_ _a\"></span>della <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>costituir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>n\u00e9<span class=\"_ _41\"> </span></span></span>permetter<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>sussist<span class=\"_ _1\"></span>ano <span class=\"_ _5\"></span>grav<span class=\"_ _1\"></span>ami <span class=\"_ _5\"></span>su <span class=\"_ _a\"></span>alcuno <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _a\"></span>beni, <span class=\"_ _5\"></span>ove <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>gra<span class=\"_ _1\"></span>vame <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>intende <span class=\"_ _5\"></span>qualsiasi<span class=\"_ _41\"> </span>accor<span class=\"_ _1\"></span>do <span class=\"_ _9\"> </span>o <span class=\"_ _b\"></span>operazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>rel<span class=\"_ _1\"></span>ativa <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>beni,<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>crediti<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>o <span class=\"_ _b\"></span>denaro <span class=\"_ _b\"></span>realizz<span class=\"_ _1\"></span>ato/<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>come <span class=\"_ _b\"></span>strume<span class=\"_ _1\"></span>nto <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>ottene<span class=\"_ _1\"></span>re<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>dito o per finanziar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>acquisizione di un <span class=\"_ _1\"></span>bene;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _a\"></span>clausola <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cro<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>-de<span class=\"_ _1\"></span>fau<span class=\"_ _1\"></span>lt <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>acolt<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>BEI <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>chiedere <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>rimborso <span class=\"_ _5\"></span>anticipa<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span></span></span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>caso <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>o <span class=\"_ _b\"></span>qualsi<span class=\"_ _1\"></span>asi <span class=\"_ _b\"></span>altr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>non <span class=\"_ _b\"></span>adempia <span class=\"_ _a\"></span>ad<span class=\"_ _41\"> </span>obblig<span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>sensi di <span class=\"_ _1\"></span>qualsi<span class=\"_ _1\"></span>asi oper<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>finanziamento <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>a oper<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>sa da<span class=\"_ _41\"> </span>quella oggett<span class=\"_ _1\"></span>o di tale c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atto di finanzi<span class=\"_ _1\"></span>amento;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _4\"></span>clausola <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>change <span class=\"_ _4\"></span>of <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trol, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>vede <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acolt\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>BEI <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>chiedere <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>rimbor<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>anticipa<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></span></span>del finanziament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nel caso <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>qualsia<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>soggett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o gruppo di <span class=\"_ _4\"></span>soggetti agendo di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>oncerto <span class=\"_ _4\"></span>ott<span class=\"_ _1\"></span>enga<span class=\"_ _41\"> </span>il con<span class=\"_ _1\"></span>trollo di ENA<span class=\"_ _6\"></span>V o la Repubblic<span class=\"_ _1\"></span>a Itali<span class=\"_ _1\"></span>ana cessi <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> detene<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>ontrollo del<span class=\"_ _1\"></span>l\u2019Emittent<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>finanziamenti <span class=\"_ _a\"></span>prevedono<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>altre<span class=\"_ _1\"></span>s\u00ec, <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>rispetto <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>taluni <span class=\"_ _a\"></span>covenan<span class=\"_ _1\"></span>t <span class=\"_ _b\"></span>finanziari, <span class=\"_ _a\"></span>verific<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>base <span class=\"_ _a\"></span>annuale <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span>semestr<span class=\"_ _1\"></span>ale e <span class=\"_ _4\"></span>calc<span class=\"_ _1\"></span>olati <span class=\"_ _4\"></span>sui dati <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsolidati del <span class=\"_ _4\"></span>Gruppo: i) <span class=\"_ _4\"></span>il rapporto tra indebita<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ario <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>l\u2019EBITDA in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 4 volt<span class=\"_ _1\"></span>e; ii) il r<span class=\"_ _1\"></span>apporto tra EBI<span class=\"_ _1\"></span>TDA e gli oneri finanzi<span class=\"_ _1\"></span>ari non inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e a 6 volte<span class=\"_ _1\"></span>. \u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">il contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o di finanziament<span class=\"_ _1\"></span>o in pool tra la Capog<span class=\"_ _1\"></span>ruppo e le banche BNL BNP P<span class=\"_ _1\"></span>aribas, Int<span class=\"_ _1\"></span>esa Sanpaolo<span class=\"_ _41\"> </span></span></span>ed <span class=\"_ _4\"></span>UniCr<span class=\"_ _1\"></span>edit, sottoscritto a <span class=\"_ _4\"></span>marz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2023<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>emenda<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>20 s<span class=\"_ _4\"></span>ett<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2023 con <span class=\"_ _4\"></span>modifi<span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>non<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>anziali, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>360 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>e<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>o, <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>durat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>tre <span class=\"_ _5\"></span>anni <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rimborso<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egrale<span class=\"_ _1\"></span> a scadenza<span class=\"_ _1\"></span>, prevede un t<span class=\"_ _1\"></span>asso variabile indici<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>to al tasso Euribor 3 <span class=\"_ _1\"></span>mesi e l\u2019intr<span class=\"_ _1\"></span>oduzione di<span class=\"_ _41\"> </span>meccanismi  di  price<span class=\"_ _1\"></span>  adjustmen<span class=\"_ _1\"></span>t  lega<span class=\"_ _1\"></span>ti  a  parametri  in  ma<span class=\"_ _1\"></span>teria  di  sost<span class=\"_ _1\"></span>enibilit\u00e0<span class=\"_ _1\"></span>.  T<span class=\"_ _6\"></span>ale  contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o  di<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to  richiede  il  rispett<span class=\"_ _1\"></span>o  del  co<span class=\"_ _1\"></span>venant  finanzi<span class=\"_ _1\"></span>ario  dato  dal  r<span class=\"_ _1\"></span>apporto  tr<span class=\"_ _1\"></span>a  indebita<span class=\"_ _1\"></span>mento<span class=\"_ _41\"> </span>finanziario nett<span class=\"_ _1\"></span>o e l\u2019EBITDA in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 4 volte<span class=\"_ _1\"></span>, verificat<span class=\"_ _1\"></span>o su base annuale e semes<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>le e calc<span class=\"_ _1\"></span>olato sui<span class=\"_ _41\"> </span>dati consolidati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atto <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>finanziame<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>sono inoltre <span class=\"_ _4\"></span>incluse<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sec<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>le prassi di<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, clausole di neg<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>e pledge, pari pa<span class=\"_ _1\"></span>ssu, cross-def<span class=\"_ _1\"></span>ault e change<span class=\"_ _1\"></span> of contr<span class=\"_ _1\"></span>ol.<span class=\"_ _41\"> </span>Con <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>agli <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _4\"></span>pregr<span class=\"_ _1\"></span>essi, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Capogruppo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>sempr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>rispetta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cove<span class=\"_ _1\"></span>nant <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evisti <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>ciascun <span class=\"_ _1\"></span>finanziament<span class=\"_ _1\"></span>o. All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>sulla base <span class=\"_ _1\"></span>delle<span class=\"_ _1\"></span> gra<span class=\"_ _1\"></span>ndezze <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>patrimoniali<span class=\"_ _41\"> </span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel bilancio consol<span class=\"_ _1\"></span>idato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>si ritengon<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispe<span class=\"_ _1\"></span>ttati i <span class=\"_ _4\"></span><span class=\"ff8\">covenant<span class=\"_ _1\"></span><span class=\"ff2\"> <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evisti dai <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atti di <span class=\"_ _4\"></span>fi<span class=\"_ _1\"></span>nanziamento<span class=\"_ _41\"> </span></span></span>esis<span class=\"_ _1\"></span>tenti. Rischio di t<span class=\"_ _1\"></span>asso di inter<span class=\"_ _1\"></span>esse Le o<span class=\"_ _1\"></span>scillazioni <span class=\"_ _1\"></span>dei t<span class=\"_ _1\"></span>assi <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>esse in<span class=\"_ _1\"></span>fluiscono <span class=\"_ _1\"></span>sul v<span class=\"_ _1\"></span>alore<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o delle <span class=\"_ _1\"></span>attivit<span class=\"_ _1\"></span>\u00e0 e<span class=\"_ _1\"></span> passivi<span class=\"_ _1\"></span>t\u00e0 fi<span class=\"_ _1\"></span>nanziarie <span class=\"_ _1\"></span>del<span class=\"_ _41\"> </span>Gruppo <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sul <span class=\"_ _6\"></span>livello <span class=\"_ _1\"></span>degli <span class=\"_ _6\"></span>oneri fi<span class=\"_ _1\"></span>nanziari <span class=\"_ _1\"></span>netti. <span class=\"_ _1\"></span>Il <span class=\"_ _1\"></span>ve<span class=\"_ _1\"></span>rificar<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>tali <span class=\"_ _1\"></span>cir<span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>tanz<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>potrebbe <span class=\"_ _6\"></span>avere<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>effe<span class=\"_ _1\"></span>tti <span class=\"_ _1\"></span>nega<span class=\"_ _1\"></span>tivi<span class=\"_ _41\"> </span>sulla situazione ec<span class=\"_ _1\"></span>onomica, pa<span class=\"_ _1\"></span>trimoniale e finanziaria<span class=\"_ _1\"></span> del Gruppo.<span class=\"_ _41\"> </span>Al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _4\"></span>2025 <span class=\"_ _5\"></span>l\u2019indebitamen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>finanziario <span class=\"_ _4\"></span>lordo <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _a\"></span>espr<span class=\"_ _1\"></span>esso <span class=\"_ _4\"></span>per <span class=\"_ _a\"></span>circ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span><span class=\"lsc\">36</span>,5% <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>tassi <span class=\"_ _4\"></span>fissi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>stan<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>tassi <span class=\"_ _5\"></span>variabili. <span class=\"_ _5\"></span>Per <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>tasso <span class=\"_ _5\"></span>variabil<span class=\"_ _1\"></span>e, <span class=\"_ _a\"></span>come <span class=\"_ _5\"></span>noto, <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>test<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>macroe<span class=\"_ _1\"></span>conomico <span class=\"_ _5\"></span>di<span class=\"_ _41\"> </span>rif<span class=\"_ _1\"></span>erimento <span class=\"_ _9\"> </span>\u00e8  s<span class=\"_ _1\"></span>ta<span class=\"_ _1\"></span>to <span class=\"_ _10\"> </span>car<span class=\"_ _1\"></span>atterizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o  da <span class=\"_ _9\"> </span>una  pr<span class=\"_ _1\"></span>ogressiv<span class=\"_ _1\"></span>a <span class=\"_ _10\"> </span>diminuzione <span class=\"_ _9\"> </span>dell\u2019Euribor <span class=\"_ _9\"> </span>con <span class=\"_ _10\"> </span>una <span class=\"_ _10\"> </span>conse<span class=\"_ _1\"></span>guente<span class=\"_ _41\"> </span>riduzione <span class=\"_ _4\"></span>degli <span class=\"_ _4\"></span>oneri <span class=\"_ _4\"></span>finanziari <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>corso <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>2025<span class=\"lse\">. <span class=\"_ _4\"></span></span>Sebbene <span class=\"_ _4\"></span>la <span class=\"_ _5\"></span>maturity <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ttuale <span class=\"_ _4\"></span>residua <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _2\"></span>attuale<span class=\"_ _41\"> </span>esposizione <span class=\"_ _4\"></span>debitoria <span class=\"_ _4\"></span>a <span class=\"_ _5\"></span>tasso <span class=\"_ _5\"></span>varia<span class=\"_ _1\"></span>bile <span class=\"_ _a\"></span>sia <span class=\"_ _4\"></span>infe<span class=\"_ _1\"></span>riore <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>tre<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>mesi, <span class=\"_ _5\"></span>il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _5\"></span>continua <span class=\"_ _4\"></span>ad <span class=\"_ _5\"></span>essere <span class=\"_ _4\"></span>esposto <span class=\"_ _4\"></span>al<span class=\"_ _41\"> </span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>ta<span class=\"_ _1\"></span>sso <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>inte<span class=\"_ _1\"></span>resse <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>eff<span class=\"_ _1\"></span>ett<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>dell\u2019<span class=\"_ _6\"></span>oper<span class=\"_ _1\"></span>azione <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span><span class=\"ff8\">refinancing</span> <span class=\"_ _a\"></span>perf<span class=\"_ _1\"></span>ezio<span class=\"_ _1\"></span>nata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>nel <span class=\"_ _5\"></span>mese <span class=\"_ _a\"></span>di <span class=\"_ _5\"></span>gennaio<span class=\"_ _41\"> </span>2026. <span class=\"_ _b\"></span>Consider<span class=\"_ _1\"></span>ando <span class=\"_ _a\"></span>l\u2019<span class=\"_ _6\"></span>attuale <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>macro-econo<span class=\"_ _1\"></span>mico <span class=\"_ _a\"></span>che, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>quant<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>noto<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>non<span class=\"_ _4\"></span> <span class=\"_ _a\"></span>lascia <span class=\"_ _a\"></span>intra<span class=\"_ _1\"></span>veder<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>pros<span class=\"_ _1\"></span>pettive <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>cr<span class=\"_ _1\"></span>escita <span class=\"_ _a\"></span>dei <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>assi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>int<span class=\"_ _1\"></span>ere<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>il <span class=\"_ _a\"></span>rischio <span class=\"_ _9\"> </span>che <span class=\"_ _b\"></span>va<span class=\"_ _1\"></span>riazioni <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _9\"> </span>aumen<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>dei <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>assi <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nter<span class=\"_ _1\"></span>esse<span class=\"_ _41\"> </span>possano <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>fluire <span class=\"_ _6\"></span>negativ<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sul <span class=\"_ _1\"></span>livell<span class=\"_ _1\"></span>o de<span class=\"_ _1\"></span>gli <span class=\"_ _1\"></span>oneri <span class=\"_ _1\"></span>fina<span class=\"_ _1\"></span>nziari <span class=\"_ _1\"></span>netti <span class=\"_ _1\"></span>rilev<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>Conto <span class=\"_ _6\"></span>Economic<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>sul <span class=\"_ _6\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>dei <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ash <span class=\"_ _4\"></span>flow<span class=\"_ _1\"></span>s <span class=\"_ _4\"></span>futuri appar<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>momen<span class=\"_ _1\"></span>to meno <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>obabile. <span class=\"_ _4\"></span>Laddove<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>2025 <span class=\"_ _4\"></span>as<span class=\"_ _1\"></span>sumessimo <span class=\"_ _4\"></span>una<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>zione <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>+/- <span class=\"_ _12\"> </span>25bps <span class=\"_ _7\"> </span>dei <span class=\"_ _12\"> </span>ta<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>i <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>int<span class=\"_ _1\"></span>eresse, <span class=\"_ _7\"> </span>l\u2019<span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>tto <span class=\"_ _12\"> </span>sul <span class=\"_ _12\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>economic<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>sarebbe<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>sta<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>pari <span class=\"_ _7\"> </span>a<span class=\"_ _41\"> </span>maggiori/minori <span class=\"_ _b\"></span>oneri <span class=\"_ _b\"></span>finanziari <span class=\"_ _a\"></span>per <span class=\"_ _9\"> </span>ci<span class=\"_ _1\"></span>rca <span class=\"_ _a\"></span>0,9 <span class=\"_ _b\"></span>milioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>euro <span class=\"_ _b\"></span>che, <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>dell\u2019<span class=\"_ _6\"></span>e<span class=\"_ _1\"></span>ffetto <span class=\"_ _b\"></span>fiscale, <span class=\"_ _a\"></span>avre<span class=\"_ _1\"></span>bbe<span class=\"_ _41\"> </span>influit<span class=\"_ _1\"></span>o sul risulta<span class=\"_ _1\"></span>to di eserc<span class=\"_ _1\"></span>izio e sul patri<span class=\"_ _1\"></span>monio netto per cir<span class=\"_ _1\"></span>ca +/- 0,6 milioni di e<span class=\"_ _1\"></span>uro.<span class=\"_ _41\"> </span>Al fi<span class=\"_ _1\"></span>ne di <span class=\"_ _1\"></span>limitar<span class=\"_ _1\"></span>e i <span class=\"_ _1\"></span>potenzia<span class=\"_ _1\"></span>li eff<span class=\"_ _1\"></span>etti <span class=\"_ _1\"></span>avve<span class=\"_ _1\"></span>rsi <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>fluttuazioni <span class=\"_ _1\"></span>dei ta<span class=\"_ _1\"></span>ssi, il <span class=\"_ _1\"></span>Gruppo <span class=\"_ _1\"></span>adotta<span class=\"_ _1\"></span> politiche <span class=\"_ _1\"></span>finalizz<span class=\"_ _1\"></span>ate<span class=\"_ _41\"> </span>al <span class=\"_ _1\"></span>conte<span class=\"_ _1\"></span>nimento <span class=\"_ _1\"></span>nel t<span class=\"_ _1\"></span>empo del <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to del<span class=\"_ _1\"></span>la pr<span class=\"_ _1\"></span>ovvista<span class=\"_ _1\"></span> limitando <span class=\"_ _1\"></span>la <span class=\"_ _1\"></span>volatilit<span class=\"_ _1\"></span>\u00e0 dei <span class=\"_ _1\"></span>risulta<span class=\"_ _1\"></span>ti. Il <span class=\"_ _1\"></span>Gruppo per<span class=\"_ _1\"></span>segue<span class=\"_ _41\"> </span>tale<span class=\"_ _1\"></span> obiettivo a<span class=\"_ _1\"></span>ttra<span class=\"_ _1\"></span>verso <span class=\"_ _1\"></span>una sis<span class=\"_ _1\"></span>tematic<span class=\"_ _1\"></span>a attivi<span class=\"_ _1\"></span>t\u00e0 di ne<span class=\"_ _1\"></span>g<span class=\"_ _4\"></span>o<span class=\"_ _1\"></span>ziazione c<span class=\"_ _1\"></span>on gli is<span class=\"_ _1\"></span>tituti di cr<span class=\"_ _1\"></span>edito<span class=\"_ _1\"></span>, scelti tr<span class=\"_ _1\"></span>a banche<span class=\"_ _41\"> </span>di pr<span class=\"_ _4\"></span>imario st<span class=\"_ _1\"></span>anding, <span class=\"_ _4\"></span>al fine di <span class=\"_ _4\"></span>ottimizz<span class=\"_ _1\"></span>are il <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>osto medio <span class=\"_ _4\"></span>del debito<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>nonch\u00e9 <span class=\"_ _4\"></span>media<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>la diversific<span class=\"_ _1\"></span>azione<span class=\"_ _41\"> </span>str<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>egica <span class=\"_ _12\"> </span>delle <span class=\"_ _7\"> </span>passivit\u00e0 <span class=\"_ _7\"> </span>finanziarie <span class=\"_ _7\"> </span>per <span class=\"_ _12\"> </span>tipologia <span class=\"_ _7\"> </span>contr<span class=\"_ _1\"></span>attuale, <span class=\"_ _12\"> </span>dur<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>con<span class=\"_ _1\"></span>dizioni <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>ta<span class=\"_ _1\"></span>sso <span class=\"_ _12\"> </span>(ta<span class=\"_ _1\"></span>sso<span class=\"_ _41\"> </span>varia<span class=\"_ _1\"></span>bile/tasso fisso). <span class=\"_ _1\"></span>Per quan<span class=\"_ _1\"></span>to attiene al fina<span class=\"_ _1\"></span>nziament<span class=\"_ _1\"></span>o sottoscritto c<span class=\"_ _1\"></span>on la BEI ma non anc<span class=\"_ _1\"></span>ora util<span class=\"_ _1\"></span>izza<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>(<span class=\"ff8\">loan commitment</span>)<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>esposizione al rischio <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso di <span class=\"_ _4\"></span>int<span class=\"_ _1\"></span>eresse \u00e8 <span class=\"_ _4\"></span>mitig<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>anche<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acolt\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>per il <span class=\"_ _4\"></span>Gruppo<span class=\"_ _41\"> </span>di pote<span class=\"_ _1\"></span>r optar<span class=\"_ _1\"></span>e <span class=\"_ _1c\"></span>- per ciascu<span class=\"_ _1\"></span>na tr<span class=\"_ _1\"></span>anche di <span class=\"_ _1\"></span>utilizzo <span class=\"_ _1c\"></span>- per u<span class=\"_ _1\"></span>n tasso<span class=\"_ _1\"></span> fisso o <span class=\"_ _1\"></span>variabile. <span class=\"_ _1\"></span>Nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025, il c<span class=\"_ _1\"></span>osto<span class=\"_ _41\"> </span>medio dell\u2019indebit<span class=\"_ _1\"></span>amento<span class=\"_ _1\"></span> bancario \u00e8 s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o pari a circ<span class=\"_ _1\"></span>a 3,<span class=\"ls6\">59</span>% (4,<span class=\"ls6\">06</span>% nel<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio pr<span class=\"_ _1\"></span>ecedent<span class=\"_ _1\"></span>e). Allo sta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>ttuale i<span class=\"_ _4\"></span>l Gruppo non <span class=\"_ _4\"></span>detiene strumen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>finanzia<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>va<span class=\"_ _1\"></span>lutati in <span class=\"_ _4\"></span>bilancio al <span class=\"_ _4\"></span><span class=\"ff8\">fair value</span> <span class=\"_ _4\"></span>ed in <span class=\"_ _4\"></span>quan<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>tali<span class=\"_ _1\"></span> esposti a varia<span class=\"_ _1\"></span>zioni avve<span class=\"_ _1\"></span>rse a seguit<span class=\"_ _1\"></span>o di mutamen<span class=\"_ _1\"></span>ti nel liv<span class=\"_ _1\"></span>ello di merc<span class=\"_ _1\"></span>ato dei t<span class=\"_ _1\"></span>assi di int<span class=\"_ _1\"></span>eresse.<span class=\"_ _41\"> </span>Ad oggi non sono s<span class=\"_ _1\"></span>tati utili<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>ti strumenti fi<span class=\"_ _1\"></span>nanziari deriv<span class=\"_ _1\"></span>ati per la ge<span class=\"_ _1\"></span>stione del risc<span class=\"_ _1\"></span>hio tasso di in<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>esse.<span class=\"_ _41\"> </span>Rischio di c<span class=\"_ _1\"></span>ambio L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _6\"></span>al <span class=\"_ _1\"></span>rischio <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>sf<span class=\"_ _1\"></span>avor<span class=\"_ _1\"></span>evoli <span class=\"_ _6\"></span>nel <span class=\"_ _1\"></span>livel<span class=\"_ _1\"></span>lo <span class=\"_ _1\"></span>corren<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>tassi <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>cambi<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>deriva<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>dall\u2019<span class=\"_ _6\"></span>opera<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _41\"> </span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>in <span class=\"_ _6\"></span>valut<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>se <span class=\"_ _6\"></span>dall\u2019<span class=\"_ _6\"></span>euro <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>pu\u00f2 <span class=\"_ _6\"></span>determinar<span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>impatti <span class=\"_ _6\"></span>negativ<span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>sui <span class=\"_ _6\"></span>risultati <span class=\"_ _6\"></span>economici <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>sul <span class=\"_ _6\"></span>valor<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>delle grandezz<span class=\"_ _1\"></span>e patrimonial<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>denominat<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>in divisa <span class=\"_ _4\"></span>es<span class=\"_ _1\"></span>ter<span class=\"_ _1\"></span>a. <span class=\"_ _4\"></span>Nonos<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Gruppo operi principalmente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>sul<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _9\"> </span>it<span class=\"_ _1\"></span>aliano, <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>esposizi<span class=\"_ _1\"></span>one <span class=\"_ _10\"> </span>al <span class=\"_ _9\"> </span>rischio <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>cam<span class=\"_ _1\"></span>bio <span class=\"_ _10\"> </span>deriv<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>essenzialment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>dagli <span class=\"_ _9\"> </span>inve<span class=\"_ _1\"></span>stimenti <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>divisa<span class=\"_ _41\"> </span>est<span class=\"_ _1\"></span>era<span class=\"_ _1\"></span>, il dollaro s<span class=\"_ _1\"></span>tatunit<span class=\"_ _1\"></span>ense, in relazi<span class=\"_ _1\"></span>one all\u2019<span class=\"_ _6\"></span>acquist<span class=\"_ _1\"></span>o della quota di partecipazi<span class=\"_ _1\"></span>one pari all\u20198.6% (10,3<span class=\"_ _1\"></span>5%<span class=\"_ _41\"> </span>post  r<span class=\"_ _1\"></span>edemption)  nel  capit<span class=\"_ _1\"></span>ale  sociale  della  societ\u00e0<span class=\"_ _1\"></span>  di <span class=\"_ _7\"> </span>diritto<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>st<span class=\"_ _1\"></span>atunitense  Air<span class=\"_ _1\"></span>eon.  Al  fine  di  gestir<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>rischio <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>cambio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _4\"></span>ha <span class=\"_ _5\"></span>elabora<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>una <span class=\"_ _5\"></span>Policy<span class=\"_ _2\"></span>, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>linee <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>indirizz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>consen<span class=\"_ _1\"></span>tono<span class=\"_ _41\"> </span>l\u2019<span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>diff<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>enti <span class=\"_ _9\"> </span>ti<span class=\"_ _1\"></span>pologie <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>strumen<span class=\"_ _1\"></span>ti, <span class=\"_ _9\"> </span>in <span class=\"_ _b\"></span>particolar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span><span class=\"ff8\">swap</span> <span class=\"_ _9\"> </span><span class=\"ls13\">e <span class=\"_ _b\"> </span></span><span class=\"ff8\">forward</span>, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _9\"> </span>op<span class=\"_ _1\"></span>zioni <span class=\"_ _b\"></span>su <span class=\"_ _9\"> </span>valut<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o di tali politiche <span class=\"_ _1\"></span>non sono tutt<span class=\"_ _1\"></span>avia consen<span class=\"_ _1\"></span>tite a<span class=\"_ _1\"></span>ttivit\u00e0 con in<span class=\"_ _1\"></span>tent<span class=\"_ _1\"></span>o specula<span class=\"_ _1\"></span>tivo. Pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>quanto <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ttiene <span class=\"_ _9\"> </span>ai <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atti <span class=\"_ _9\"> </span>sul <span class=\"_ _9\"> </span>mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>non <span class=\"_ _9\"> </span>re<span class=\"_ _1\"></span>golament<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>al <span class=\"_ _9\"> </span>momen<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>l\u2019<span class=\"_ _6\"></span>esposizi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>divisa <span class=\"_ _9\"> </span>\u00e8<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>anzialment<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>polverizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>non <span class=\"_ _9\"> </span>esponen<span class=\"_ _1\"></span>do <span class=\"_ _9\"> </span>a <span class=\"_ _9\"> </span>signifi<span class=\"_ _1\"></span>cativi <span class=\"_ _9\"> </span>rischi <span class=\"_ _9\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>cambio.<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>Alla <span class=\"_ _9\"> </span>dat<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>chiu<span class=\"_ _1\"></span>sura <span class=\"_ _9\"> </span>del<span class=\"_ _41\"> </span>bilancio il Gruppo<span class=\"_ _1\"></span> non ha in essere<span class=\"_ _1\"></span> alcuna esposizione in s<span class=\"_ _1\"></span>trumenti finanziari <span class=\"_ _1\"></span>deriva<span class=\"_ _1\"></span>ti. Si <span class=\"_ _4\"></span>segnala,<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>infine, <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>ri<span class=\"_ _1\"></span>schio <span class=\"_ _4\"></span>deriva<span class=\"_ _1\"></span>nte dalla <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sione <span class=\"_ _4\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>passiv<span class=\"_ _1\"></span>it\u00e0 di <span class=\"_ _4\"></span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span>da <span class=\"_ _b\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _b\"> </span>che <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>edigono <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>bilancio <span class=\"_ _a\"></span>con <span class=\"_ _b\"></span>moneta <span class=\"_ _b\"></span>funzional<span class=\"_ _1\"></span>e <span class=\"_ _b\"> </span>diversa <span class=\"_ _b\"></span>dall\u2019<span class=\"_ _6\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>n<span class=\"_ _1\"></span>on <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>norma <span class=\"_ _9\"> </span>ogge<span class=\"_ _1\"></span>tto <span class=\"_ _b\"></span>di<span class=\"_ _41\"> </span>copertur<span class=\"_ _1\"></span>a, salvo di<span class=\"_ _1\"></span>versa v<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>zione specifica.<span class=\"_ _41\"> </span>Rischi legati al Cl<span class=\"_ _1\"></span>imate Change Gli <span class=\"_ _4\"></span>effetti <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>cambiamento <span class=\"_ _4\"></span>climatico <span class=\"_ _4\"></span>possono<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>nel <span class=\"_ _4\"></span>lungo <span class=\"_ _4\"></span>termine, <span class=\"_ _4\"></span>generare <span class=\"_ _4\"></span>interruzioni <span class=\"_ _4\"></span>o <span class=\"_ _4\"></span>degradi <span class=\"_ _4\"></span>nella<span class=\"_ _41\"> </span>fornitura <span class=\"_ _1\"></span>dei ser<span class=\"_ _1\"></span>vizi per <span class=\"_ _1\"></span>impatti <span class=\"_ _1\"></span>su infrastruttu<span class=\"_ _1\"></span>re e a<span class=\"_ _1\"></span>sset <span class=\"_ _1\"></span>tecnologici e, <span class=\"_ _1\"></span>indirettamen<span class=\"_ _1\"></span>te,<span class=\"_ _4\"></span> <span class=\"_ _1\"></span>incidere <span class=\"_ _1\"></span>sui volumi<span class=\"_ _41\"> </span>di traffico e sui<span class=\"_ _1\"></span> costi operati<span class=\"_ _1\"></span>vi. I prin<span class=\"_ _4\"></span><span class=\"ff2\">cipal<span class=\"_ _1\"></span>i driver di risc<span class=\"_ _1\"></span>hio includono l\u2019intensi<span class=\"_ _1\"></span>ficazione di precipitazi<span class=\"_ _1\"></span>oni ed<span class=\"_ _41\"> </span></span>eventi <span class=\"_ _6\"></span>estremi, <span class=\"_ _1\"></span>l\u2019au<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>delle <span class=\"_ _6\"></span>temperature<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>rischio <span class=\"_ _6\"></span>idraulico/costi<span class=\"_ _1\"></span>ero <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>variazi<span class=\"_ _1\"></span>oni <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>regimi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>vento,<span class=\"_ _41\"> </span>come delineato<span class=\"_ _1\"></span> anche nelle analisi di settor<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Gli <span class=\"_ _4\"></span>impatti <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>fe<span class=\"_ _1\"></span>nomeni <span class=\"_ _4\"></span>dete<span class=\"_ _1\"></span>rminati <span class=\"_ _4\"></span>dai <span class=\"_ _5\"></span>cambia<span class=\"_ _1\"></span>menti <span class=\"_ _4\"></span>climatici<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sugli <span class=\"_ _4\"></span>stak<span class=\"_ _1\"></span>eholder <span class=\"_ _4\"></span>d<span class=\"_ _1\"></span>el <span class=\"_ _4\"></span>traffico <span class=\"_ _4\"></span>aer<span class=\"_ _1\"></span>eo <span class=\"_ _5\"></span>sono<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ati <span class=\"_ _5\"></span>identifica<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>studia<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>anni <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>live<span class=\"_ _1\"></span>llo <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>ernazionale. <span class=\"_ _5\"></span>In <span class=\"_ _5\"></span>particolar<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>documen<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol<span class=\"_ _41\"> </span>\u201c<span class=\"ff8\">Climate <span class=\"_ _25\"> </span>ch<span class=\"_ _1\"></span>ange <span class=\"_ _25\"> </span>risks <span class=\"_ _25\"> </span>f<span class=\"_ _1\"></span>or <span class=\"_ _25\"> </span>European <span class=\"_ _25\"> </span>aviatio<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span><span class=\"ff2\">\u201d <span class=\"_ _25\"> </span>iden<span class=\"_ _1\"></span>tifica <span class=\"_ _25\"> </span>cinque <span class=\"_ _25\"> </span>principal<span class=\"_ _1\"></span>i <span class=\"_ _25\"> </span>tipologie <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>f<span class=\"_ _1\"></span>enomeni<span class=\"_ _41\"> </span></span></span>meteor<span class=\"_ _1\"></span>ologici <span class=\"_ _9\"> </span>che <span class=\"_ _9\"> </span>potrann<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>pote<span class=\"_ _1\"></span>nzialmente<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>avere<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>impatt<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>sul <span class=\"_ _9\"> </span>mondo <span class=\"_ _9\"> </span>aer<span class=\"_ _1\"></span>onautico: <span class=\"_ _9\"> </span>1) <span class=\"_ _9\"> </span>preci<span class=\"_ _1\"></span>pitazioni,<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>endendo per t<span class=\"_ _1\"></span>ali pioggia, neve<span class=\"_ _1\"></span> e grandine<span class=\"_ _1\"></span> che a livello in<span class=\"_ _1\"></span>tenso poss<span class=\"_ _1\"></span>ono richieder<span class=\"_ _1\"></span>e maggiori dist<span class=\"_ _1\"></span>anze<span class=\"_ _1\"></span> di<span class=\"_ _41\"> </span>separ<span class=\"_ _1\"></span>azione <span class=\"_ _9\"> </span>tra <span class=\"_ _9\"> </span>gli <span class=\"_ _9\"> </span>aer<span class=\"_ _1\"></span>omobili <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>comport<span class=\"_ _1\"></span>ando <span class=\"_ _9\"> </span>quind<span class=\"_ _1\"></span>i <span class=\"_ _10\"> </span>un <span class=\"_ _9\"> </span>impa<span class=\"_ _1\"></span>tto <span class=\"_ _9\"> </span>dirett<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>sulla <span class=\"_ _9\"> </span>capaci<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _9\"> </span>aeroportual<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>Inoltr<span class=\"_ _1\"></span>e, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>aeroportual<span class=\"_ _1\"></span>i, <span class=\"_ _5\"></span>cos\u00ec <span class=\"_ _4\"></span>come <span class=\"_ _5\"></span>anche <span class=\"_ _4\"></span>le <span class=\"_ _5\"></span>appare<span class=\"_ _1\"></span>cchiature<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>elettroniche<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>possono <span class=\"_ _5\"></span>esser<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>espost<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>rischio <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>inondazioni; <span class=\"_ _c\"> </span>2) <span class=\"_ _c\"> </span>temper<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a, <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>innalzamen<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>pu\u00f2 <span class=\"_ _c\"> </span>causar<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>impatti <span class=\"_ _c\"> </span>sulle<span class=\"_ _41\"> </span>infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>e, con conseguent<span class=\"_ _1\"></span>e aggravi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>dei r<span class=\"_ _1\"></span>elativi costi ener<span class=\"_ _1\"></span>getici; 3) innalzamen<span class=\"_ _1\"></span>to del livello del<span class=\"_ _4\"></span> mare<span class=\"_ _41\"> </span>ed <span class=\"_ _4\"></span>esondazione di <span class=\"_ _4\"></span>fiumi con <span class=\"_ _4\"></span>un rischio <span class=\"_ _4\"></span>concentr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sugli aeroporti <span class=\"_ _4\"></span>u<span class=\"_ _1\"></span>bicati nella <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ascia <span class=\"_ _4\"></span>cos<span class=\"_ _1\"></span>tiera; 4) <span class=\"_ _4\"></span>vent<span class=\"_ _1\"></span>o,<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>endendo <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>tale <span class=\"_ _a\"></span>cambiamen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>dire<span class=\"_ _1\"></span>zione <span class=\"_ _a\"></span>ed <span class=\"_ _b\"></span>inte<span class=\"_ _1\"></span>nsit\u00e0 <span class=\"_ _b\"></span>con <span class=\"_ _a\"></span>conseguen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>necessit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>modificar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>le<span class=\"_ _41\"> </span>procedur<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>volo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>ri<span class=\"_ _1\"></span>prog<span class=\"_ _1\"></span>ettar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>l<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>spazio <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>ereo; <span class=\"_ _a\"></span>5<span class=\"_ _4\"></span>) <span class=\"_ _b\"></span>even<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>es<span class=\"_ _1\"></span>tre<span class=\"_ _1\"></span>mi <span class=\"_ _9\"> </span>quali <span class=\"_ _b\"></span>tempor<span class=\"_ _1\"></span>ali <span class=\"_ _b\"> </span>ed <span class=\"_ _9\"> </span>ur<span class=\"_ _1\"></span>aga<span class=\"_ _1\"></span>ni <span class=\"_ _9\"> </span>che<span class=\"_ _41\"> </span>potre<span class=\"_ _1\"></span>bbero a<span class=\"_ _1\"></span>vere impa<span class=\"_ _1\"></span>tti sul rita<span class=\"_ _1\"></span>rdo dei voli<span class=\"_ _1\"></span>. La <span class=\"_ _c\"> </span>Capogrup<span class=\"_ _1\"></span>po <span class=\"_ _c\"> </span>ha <span class=\"_ _c\"> </span>condo<span class=\"_ _1\"></span>tto <span class=\"_ _c\"> </span>uno <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>tudio <span class=\"_ _c\"> </span>special<span class=\"_ _1\"></span>istico <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>v<span class=\"_ _1\"></span>alutar<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>dettagl<span class=\"_ _1\"></span>iata<span class=\"_ _1\"></span>mente<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>eff<span class=\"_ _1\"></span>etti <span class=\"_ _c\"> </span>del<span class=\"_ _41\"> </span>cambiamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>clima<span class=\"_ _1\"></span>tico <span class=\"_ _4\"></span>nell\u2019<span class=\"_ _6\"></span>er<span class=\"_ _1\"></span>ogazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>servizi di <span class=\"_ _4\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>territ<span class=\"_ _1\"></span>orio <span class=\"_ _4\"></span>nazional<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>partic<span class=\"_ _1\"></span>olare negli<span class=\"_ _41\"> </span>aer<span class=\"_ _1\"></span>oporti. <span class=\"_ _b\"></span>Lo <span class=\"_ _b\"></span>studio <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>r<span class=\"_ _1\"></span>ealizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>ne <span class=\"_ _b\"> </span>di <span class=\"_ _9\"> </span>valut<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>gli <span class=\"_ _b\"> </span>impatti <span class=\"_ _b\"></span>del <span class=\"_ _b\"> </span><span class=\"ff8\">climate <span class=\"_ _a\"></span>change</span> <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>due <span class=\"_ _b\"></span>distinti<span class=\"_ _41\"> </span>orizz<span class=\"_ _1\"></span>onti <span class=\"_ _a\"></span>temporali<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>(2030 <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>2050) <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>due <span class=\"_ _b\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _b\"></span>scenari <span class=\"_ _a\"></span>climatici <span class=\"_ _a\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>dall\u2019IPCC <span class=\"_ _a\"></span>(<span class=\"_ _4\"></span><span class=\"ff8\">Int<span class=\"_ _1\"></span>ergovernment<span class=\"_ _1\"></span>al<span class=\"_ _41\"> </span></span>Pa<span class=\"_ _1\"></span>nel <span class=\"_ _12\"> </span>o<span class=\"_ _4\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>Cl<span class=\"_ _1\"></span>imate <span class=\"_ _12\"> </span>Change<span class=\"ff2\">). <span class=\"_ _12\"> </span>Il <span class=\"_ _12\"> </span>primo <span class=\"_ _12\"> </span>scenario <span class=\"_ _12\"> </span>(SSP8<span class=\"_ _1\"></span>.5), <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>pi\u00f9 <span class=\"_ _c\"> </span>pe<span class=\"_ _1\"></span>ssimistico<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>assume, <span class=\"_ _12\"> </span>entr<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>210<span class=\"_ _4\"></span>0,<span class=\"_ _41\"> </span></span>concen<span class=\"_ _1\"></span>trazioni <span class=\"_ _7\"> </span>atmosf<span class=\"_ _1\"></span>eriche<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>di <span class=\"_ _7\"> </span>CO2 <span class=\"_ _12\"> </span>triplic<span class=\"_ _1\"></span>ate <span class=\"_ _7\"> </span>o <span class=\"_ _7\"> </span>qua<span class=\"_ _4\"></span>drupli<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>(840 <span class=\"_ _7\"> </span>/ <span class=\"_ _12\"> </span>1120 <span class=\"_ _12\"> </span>ppm) <span class=\"_ _7\"> </span>rispett<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>ai <span class=\"_ _7\"> </span>livelli<span class=\"_ _41\"> </span>prei<span class=\"_ _1\"></span>ndustriali (280 pp<span class=\"_ _1\"></span>m). Lo studio <span class=\"_ _1\"></span>ha dete<span class=\"_ _1\"></span>rminato q<span class=\"_ _1\"></span>uanto segue<span class=\"_ _1\"></span>: (i) per le pr<span class=\"_ _1\"></span>ecipitazi<span class=\"_ _1\"></span>oni estr<span class=\"_ _1\"></span>eme \u00e8 prev<span class=\"_ _1\"></span>ista<span class=\"_ _1\"></span> nel lungo te<span class=\"_ _1\"></span>rmine una<span class=\"_ _41\"> </span>progr<span class=\"_ _1\"></span>essiva <span class=\"_ _6\"></span>intensific<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>fenomeno <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _1\"></span>dovrebbe<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>inter<span class=\"_ _1\"></span>essare<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>un numer<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>scente<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>aeroporti <span class=\"_ _6\"></span>nel<span class=\"_ _41\"> </span>tempo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>particolarmen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>gli <span class=\"_ _4\"></span>aeroporti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>Roma <span class=\"_ _4\"></span>Fiumicino<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>Milano <span class=\"_ _4\"></span>Malpensa, <span class=\"_ _4\"></span>Bolz<span class=\"_ _1\"></span>ano <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>Bari, <span class=\"_ _4\"></span>parten<span class=\"_ _1\"></span>do <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>una <span class=\"_ _9\"> </span>baseline <span class=\"_ _9\"> </span>(previ<span class=\"_ _1\"></span>sione <span class=\"_ _10\"> </span>a <span class=\"_ _9\"> </span>5  a<span class=\"_ _1\"></span>nni) <span class=\"_ _10\"> </span>che <span class=\"_ _9\"> </span>vede <span class=\"_ _9\"> </span>gli <span class=\"_ _9\"> </span>aeroporti <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>Genov<span class=\"_ _1\"></span>a, <span class=\"_ _9\"> </span>Ronchi <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>Legionari <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>Milano<span class=\"_ _41\"> </span>Malpensa <span class=\"_ _4\"></span>quelli <span class=\"_ _4\"></span>mediament<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>impatta<span class=\"_ _1\"></span>ti; <span class=\"_ _5\"></span>(ii) <span class=\"_ _4\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>temper<span class=\"_ _1\"></span>atura <span class=\"_ _4\"></span>si <span class=\"_ _5\"></span>pre<span class=\"_ _1\"></span>vede <span class=\"_ _5\"></span>un <span class=\"_ _4\"></span>aumento <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>1/1,5\u00b0 <span class=\"_ _5\"></span>nel<span class=\"_ _41\"> </span>medio periodo e di <span class=\"_ _4\"></span>2/2,5<span class=\"_ _1\"></span>\u00b0 <span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>l lungo <span class=\"_ _4\"></span>perio<span class=\"_ _1\"></span>do, fen<span class=\"_ _1\"></span>omeni che riguarder<span class=\"_ _1\"></span>anno prev<span class=\"_ _1\"></span>alente<span class=\"_ _1\"></span>mente gli aer<span class=\"_ _1\"></span>oporti<span class=\"_ _41\"> </span>di Lampedusa<span class=\"_ _1\"></span>, Cat<span class=\"_ _1\"></span>ania Fon<span class=\"_ _1\"></span>tanar<span class=\"_ _1\"></span>ossa, R<span class=\"_ _1\"></span>oma Ciampino<span class=\"_ _1\"></span>, R<span class=\"_ _1\"></span>oma Urbe, <span class=\"_ _1\"></span>Roma <span class=\"_ _1\"></span>Fiumicino e <span class=\"_ _1\"></span>Napoli che gi\u00e0<span class=\"_ _1\"></span> nella<span class=\"_ _41\"> </span>baseline <span class=\"_ _1\"></span>(5 <span class=\"_ _1\"></span>anni) <span class=\"_ _1\"></span>presen<span class=\"_ _1\"></span>tano <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>maggiori <span class=\"_ _1\"></span>temper<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>e massime, <span class=\"_ _1\"></span>cui <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>aggiunge <span class=\"_ _1\"></span>Bologna <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>lungo<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>ermine<span class=\"_ _41\"> </span>(2050) <span class=\"_ _4\"></span>che <span class=\"_ _5\"></span>present<span class=\"_ _1\"></span>er\u00e0 <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>un <span class=\"_ _5\"></span>aument<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>numer<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>giorni <span class=\"_ _4\"></span>con <span class=\"_ _5\"></span>temper<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>massima <span class=\"_ _4\"></span>oltre <span class=\"_ _4\"></span>i <span class=\"_ _5\"></span>43\u00b0 <span class=\"_ _5\"></span>C.<span class=\"_ _41\"> </span>L<span class=\"_ _6\"></span>\u2019innalz<span class=\"_ _1\"></span>amento <span class=\"_ _9\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>temper<span class=\"_ _1\"></span>atur<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>pu\u00f2 <span class=\"_ _9\"> </span>ca<span class=\"_ _1\"></span>usare <span class=\"_ _9\"> </span>l\u2019incr<span class=\"_ _1\"></span>ement<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>dei <span class=\"_ _9\"> </span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>ener<span class=\"_ _1\"></span>getici. <span class=\"_ _9\"> </span>P<span class=\"_ _1\"></span>er <span class=\"_ _9\"> </span>quan<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>riguar<span class=\"_ _1\"></span>da<span class=\"_ _41\"> </span>in<span class=\"_ _1\"></span>vece gli <span class=\"_ _1\"></span>impatti sugli <span class=\"_ _1\"></span>impianti t<span class=\"_ _1\"></span>ecnologici e<span class=\"_ _1\"></span> quelli <span class=\"_ _1\"></span>pi\u00f9 pr<span class=\"_ _1\"></span>opriamente<span class=\"_ _1\"></span> aeronautici <span class=\"_ _1\"></span>(impa<span class=\"_ _1\"></span>tti sulle pr<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>azioni<span class=\"_ _41\"> </span>dei  mot<span class=\"_ _1\"></span>ori  e  sull\u2019<span class=\"_ _6\"></span>aer<span class=\"_ _1\"></span>eodinamica<span class=\"_ _1\"></span>  degli  aer<span class=\"_ _1\"></span>omobili,  con <span class=\"_ _10\"> </span>potenzial<span class=\"_ _1\"></span>e  impatt<span class=\"_ _1\"></span>o  sulle  proce<span class=\"_ _1\"></span>dure  di <span class=\"_ _10\"> </span>volo  e<span class=\"_ _41\"> </span>sull\u2019impr<span class=\"_ _1\"></span>onta <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>rumor<span class=\"_ _1\"></span>e ne<span class=\"_ _1\"></span>lle <span class=\"_ _1\"></span>aree <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>circ<span class=\"_ _1\"></span>ondano gli <span class=\"_ _1\"></span>aer<span class=\"_ _1\"></span>oporti) <span class=\"_ _1\"></span>i ri<span class=\"_ _1\"></span>schi <span class=\"_ _1\"></span>si c<span class=\"_ _1\"></span>onsider<span class=\"_ _1\"></span>ano acce<span class=\"_ _1\"></span>ttabili <span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>ges<span class=\"_ _1\"></span>titi<span class=\"_ _41\"> </span>nel <span class=\"_ _1\"></span>conte<span class=\"_ _1\"></span>sto <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>tecnologie <span class=\"_ _1\"></span>e delle<span class=\"_ _1\"></span> proce<span class=\"_ _1\"></span>dure <span class=\"_ _1\"></span>gi\u00e0 oggi <span class=\"_ _1\"></span>disponibili; <span class=\"_ _1\"></span>per l\u2019innalz<span class=\"_ _1\"></span>amen<span class=\"_ _1\"></span>to de<span class=\"_ _1\"></span>l live<span class=\"_ _1\"></span>llo dei <span class=\"_ _1\"></span>mari,<span class=\"_ _41\"> </span>si <span class=\"_ _b\"> </span>mantiene <span class=\"_ _b\"></span>pressoch\u00e9 <span class=\"_ _b\"></span>inv<span class=\"_ _1\"></span>ariat<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>rischio <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>a<span class=\"_ _1\"></span>lluvione <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>infra<span class=\"_ _1\"></span>strutture<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>situa<span class=\"_ _1\"></span>te <span class=\"_ _b\"> </span>i<span class=\"_ _4\"></span>n <span class=\"_ _b\"> </span>zone <span class=\"_ _b\"></span>costier<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>che<span class=\"_ _41\"> </span>riguar<span class=\"_ _1\"></span>derebbe <span class=\"_ _4\"></span>sopr<span class=\"_ _1\"></span>attutto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>sedi <span class=\"_ _4\"></span>aerop<span class=\"_ _1\"></span>ortuali <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Cagliari <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>siti<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>correla<span class=\"_ _1\"></span>ti, <span class=\"_ _4\"></span>V<span class=\"_ _1\"></span>enezia<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>Genova <span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>siti <span class=\"_ _4\"></span>remoti<span class=\"_ _41\"> </span>VOR/DME<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>Chioggia <span class=\"_ _9\"> </span>e <span class=\"_ _9\"> </span>Ra<span class=\"_ _1\"></span>dar <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>Rave<span class=\"_ _1\"></span>nna; <span class=\"_ _9\"> </span>per <span class=\"_ _9\"> </span>il <span class=\"_ _9\"> </span>v<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>non <span class=\"_ _9\"> </span>sembra<span class=\"_ _1\"></span>no <span class=\"_ _9\"> </span>sussis<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>criticit\u00e0 <span class=\"_ _9\"> </span>essend<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>le<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>isioni <span class=\"_ _e\"> </span>degli <span class=\"_ _f\"> </span>scenari <span class=\"_ _f\"> </span>ori<span class=\"_ _4\"></span>en<span class=\"_ _1\"></span>tati<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>ver<span class=\"_ _1\"></span>so <span class=\"_ _e\"> </span>una <span class=\"_ _f\"> </span>diminuzione <span class=\"_ _f\"> </span>dell\u2019intensit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _f\"> </span>media <span class=\"_ _e\"> </span>dello <span class=\"_ _f\"> </span>ste<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>o<span class=\"_ _41\"> </span>(conseguen<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e la compone<span class=\"_ _1\"></span>nte del ve<span class=\"_ _1\"></span>nto al<span class=\"_ _1\"></span> trave<span class=\"_ _1\"></span>rso dovr<span class=\"_ _1\"></span>ebbe pr<span class=\"_ _1\"></span>oporzionalme<span class=\"_ _1\"></span>nte diminuir<span class=\"_ _1\"></span>e). Pe<span class=\"_ _1\"></span>r entr<span class=\"_ _1\"></span>ambi gli o<span class=\"_ _1\"></span>rizzonti <span class=\"_ _1\"></span>tempor<span class=\"_ _1\"></span>ali medio <span class=\"_ _1\"></span>termine <span class=\"_ _1\"></span>(2030) e lun<span class=\"_ _1\"></span>go termine <span class=\"_ _1\"></span>(2050) <span class=\"_ _1\"></span>non si indivi<span class=\"_ _1\"></span>duano, a<span class=\"_ _1\"></span>llo<span class=\"_ _41\"> </span>st<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>criticit\u00e0 <span class=\"_ _a\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>continuit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _b\"></span>nella <span class=\"_ _a\"></span>erog<span class=\"_ _1\"></span>azione <span class=\"_ _a\"></span>dei <span class=\"_ _b\"></span>ser<span class=\"_ _4\"></span>v<span class=\"_ _1\"></span>izi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>navi<span class=\"_ _1\"></span>gazione <span class=\"_ _a\"></span>rispetto <span class=\"_ _a\"></span>allo <span class=\"_ _b\"></span>scenario<span class=\"_ _41\"> </span>attuale<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Gli <span class=\"_ _5\"></span>esiti <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>analisi <span class=\"_ _4\"></span>condotte <span class=\"_ _5\"></span>costit<span class=\"_ _1\"></span>uiscono <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>basi <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>monitor<span class=\"_ _1\"></span>aggio <span class=\"_ _4\"></span>nel <span class=\"_ _5\"></span>tempo <span class=\"_ _4\"></span>dei <span class=\"_ _5\"></span>fe<span class=\"_ _1\"></span>nomeni<span class=\"_ _41\"> </span>oggetto <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>studio<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>preve<span class=\"_ _1\"></span>dendo <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>aggiornamento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>sist<span class=\"_ _1\"></span>ematico <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>periodicit\u00e0 <span class=\"_ _4\"></span>pluriennal<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>analisi <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>scenario <span class=\"_ _4\"></span>necessarie <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>valutazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>impatti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>opera<span class=\"_ _1\"></span>tivi <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>finanziari <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>rischi <span class=\"_ _5\"></span>c<span class=\"_ _4\"></span>li<span class=\"_ _1\"></span>matici. <span class=\"_ _5\"></span>Il <span class=\"_ _5\"></span>presidio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span>rischio <span class=\"_ _25\"> </span>\u00e8 <span class=\"_ _d\"> </span>assicura<span class=\"_ _1\"></span>to <span class=\"_ _25\"> </span>da <span class=\"_ _d\"> </span>BIA/BCP<span class=\"_ _2\"></span>, <span class=\"_ _25\"> </span>ridondanz<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>te<span class=\"_ _1\"></span>cnologiche <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>da <span class=\"_ _d\"> </span>un <span class=\"_ _25\"> </span>monit<span class=\"_ _1\"></span>oraggio <span class=\"_ _25\"> </span>periodic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>con<span class=\"_ _41\"> </span>aggiornamenti plu<span class=\"_ _1\"></span>riennali dell<span class=\"_ _1\"></span>e analisi di scenario<span class=\"_ _41\"> </span>In <span class=\"_ _5\"></span>coerenza <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>Piano <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>S<span class=\"_ _4\"></span>ost<span class=\"_ _1\"></span>enibilit\u00e0, <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>strategia <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>persegue <span class=\"_ _5\"></span>l\u2019adatt<span class=\"_ _1\"></span>amento <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _5\"></span>resilienza<span class=\"_ _41\"> </span>degli asset, int<span class=\"_ _1\"></span>egrando gli effetti atte<span class=\"_ _1\"></span>si del <span class=\"_ _4\"></span><span class=\"ffd\">clim<span class=\"_ _1\"></span>ate change<span class=\"ff3\"> nel Piano Indu<span class=\"_ _1\"></span>striale. </span></span>Sulla <span class=\"_ _7\"> </span>base <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>quanto <span class=\"_ _7\"> </span>sopra  ev<span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>denziato, <span class=\"_ _7\"> </span>ad <span class=\"_ _7\"> </span>oggi <span class=\"_ _7\"> </span>il <span class=\"_ _7\"> </span>Gruppo <span class=\"_ _7\"> </span>ha <span class=\"_ _7\"> </span>considerato <span class=\"_ _7\"> </span>gli  effetti <span class=\"_ _7\"> </span>derivanti <span class=\"_ _7\"> </span>dal<span class=\"_ _41\"> </span>cambiamento climat<span class=\"_ _1\"></span>ico nel proprio piano indu<span class=\"_ _1\"></span>striale e non si prevedono im<span class=\"_ _1\"></span>patti significativi economici <span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>sui flussi di ca<span class=\"_ _1\"></span>ssa attesi.<span class=\"_ _41\"> </span>Contes<span class=\"_ _1\"></span>to macro<span class=\"_ _1\"></span> - economico<span class=\"_ _41\"> </span>Nel <span class=\"_ _1\"></span>corso <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>2025<span class=\"lse\">, </span>c<span class=\"_ _1\"></span>os\u00ec c<span class=\"_ _1\"></span>ome per<span class=\"_ _1\"></span> il <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>il Gr<span class=\"_ _1\"></span>uppo E<span class=\"_ _1\"></span>NAV <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>ha <span class=\"_ _1\"></span>regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>to i<span class=\"_ _1\"></span>mpatti ope<span class=\"_ _1\"></span>rativi<span class=\"_ _1\"></span>, commer<span class=\"_ _1\"></span>ciali<span class=\"_ _41\"> </span>o <span class=\"_ _10\"> </span>econo<span class=\"_ _1\"></span>mico-finanzia<span class=\"_ _1\"></span>ri  dir<span class=\"_ _1\"></span>etta<span class=\"_ _1\"></span>mente <span class=\"_ _9\"> </span>riconducibili <span class=\"_ _9\"> </span>al <span class=\"_ _10\"> </span>confli<span class=\"_ _1\"></span>tto <span class=\"_ _10\"> </span>russo-ucrain<span class=\"_ _1\"></span>o  o<span class=\"_ _1\"></span>  a<span class=\"_ _1\"></span>d  altri<span class=\"_ _1\"></span>  sce<span class=\"_ _1\"></span>nari  di<span class=\"_ _1\"></span>  crisi<span class=\"_ _41\"> </span>in<span class=\"ls0\">te<span class=\"_ _1\"></span>rnazionale<span class=\"lsf\">. <span class=\"_ _4\"></span></span>Le <span class=\"_ _5\"></span>posizioni <span class=\"_ _4\"></span>pregr<span class=\"_ _1\"></span>esse <span class=\"_ _5\"></span>con <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>oparti <span class=\"_ _4\"></span>della <span class=\"_ _5\"></span>Feder<span class=\"_ _1\"></span>azione <span class=\"_ _4\"></span>Russa <span class=\"_ _5\"></span>er<span class=\"_ _1\"></span>ano <span class=\"_ _5\"></span>gi\u00e0 <span class=\"_ _5\"></span>st<span class=\"_ _1\"></span>ate <span class=\"_ _4\"></span>sv<span class=\"_ _1\"></span>aluta<span class=\"_ _1\"></span>te<span class=\"_ _41\"> </span></span>negli <span class=\"_ _a\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _a\"></span>prece<span class=\"_ _1\"></span>denti <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _a\"></span>risultano <span class=\"_ _5\"></span>ulteriori <span class=\"_ _a\"></span>ra<span class=\"_ _1\"></span>pporti <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>con <span class=\"_ _a\"></span>soggetti <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essati <span class=\"_ _a\"></span>dal <span class=\"_ _a\"></span>r<span class=\"_ _1\"></span>egime<span class=\"_ _41\"> </span>sanzionat<span class=\"_ _1\"></span>orio. <span class=\"_ _4\"></span>Il <span class=\"_ _4\"></span>Gruppo <span class=\"_ _4\"></span>prosegue<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>monitoraggio <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ost<span class=\"_ _1\"></span>ante <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontest<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>geopolitico <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>assicur<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>pieno<span class=\"_ _41\"> </span>rispetto<span class=\"_ _1\"></span> delle misure ado<span class=\"_ _1\"></span>tta<span class=\"_ _1\"></span>te dagli Sta<span class=\"_ _1\"></span>ti dell\u2019Unione Eu<span class=\"_ _1\"></span>ropea.<span class=\"_ _41\"> </span>Sul <span class=\"_ _5\"></span>fronte <span class=\"_ _5\"></span><span class=\"ffd\">s<span class=\"_ _4\"></span>u<span class=\"_ _1\"></span>pp<span class=\"_ _4\"></span>ly<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>c<span class=\"_ _4\"></span>hai<span class=\"_ _1\"></span>n<span class=\"ff3\">, <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>rilevano<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>criticit\u00e0 <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>e<span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>fe<span class=\"_ _4\"></span>tti<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>negativi <span class=\"_ _4\"></span>s<span class=\"_ _4\"></span>ull<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span><span class=\"ffd\">business<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>continuity<span class=\"lsf\">, <span class=\"_ _5\"></span></span><span class=\"ff3\">sono <span class=\"_ _5\"></span>stati<span class=\"_ _41\"> </span></span></span></span></span>mantenuti adeguati <span class=\"_ _4\"></span>livelli di <span class=\"_ _4\"></span>scorte <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>gli<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>apparati <span class=\"_ _4\"></span>a supporto <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>ervizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>naviga<span class=\"_ _1\"></span>zione <span class=\"_ _4\"></span>aerea, <span class=\"_ _4\"></span>al f<span class=\"_ _4\"></span>in<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>assorbire <span class=\"_ _5\"></span>eventuali <span class=\"_ _a\"></span>ritardi <span class=\"_ _5\"></span>lungo <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>catena <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>fornitura. <span class=\"_ _5\"></span>Parallelamente, <span class=\"_ _5\"></span>prosegue <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span><span class=\"ffd\">risk <span class=\"_ _a\"></span>monitorin<span class=\"_ _1\"></span>g<span class=\"ff3\"> <span class=\"_ _a\"></span>per<span class=\"_ _41\"> </span></span></span>intercettare te<span class=\"_ _1\"></span>mpestivamente potenzi<span class=\"_ _1\"></span>ali impatti sul busin<span class=\"_ _1\"></span>ess corrente e prosp<span class=\"_ _1\"></span>ettico.<span class=\"_ _41\"> </span>Anche <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>rife<span class=\"_ _1\"></span>riment<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ai <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecenti <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>flitti <span class=\"_ _4\"></span>in Medio <span class=\"_ _4\"></span>Orient<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>potr<span class=\"_ _1\"></span>ebber<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>indeboli<span class=\"_ _1\"></span>re <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>component<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>ffico <span class=\"_ _1\"></span>int<span class=\"_ _1\"></span>ernazionale <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>sorvolo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>dati <span class=\"_ _6\"></span>parziali <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eribili <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>periodo <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>esame<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>(2 <span class=\"_ _1\"></span>settimane<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>sembrer<span class=\"_ _1\"></span>ebber<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>evidenzia<span class=\"_ _1\"></span>re <span class=\"_ _4\"></span>ad <span class=\"_ _4\"></span>oggi <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>impatto <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>omunque <span class=\"_ _5\"></span>limita<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>volume <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>voli <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>Unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Ser<span class=\"_ _4\"></span>vizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>che, <span class=\"_ _4\"></span>pu<span class=\"_ _4\"></span>r <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>riduzione rispetto <span class=\"_ _4\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dati regis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>gennai<span class=\"_ _1\"></span>o, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>erebber<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>tutta<span class=\"_ _1\"></span>via <span class=\"_ _4\"></span>anc<span class=\"_ _1\"></span>ora in <span class=\"_ _4\"></span>cr<span class=\"_ _1\"></span>escita rispetto <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>lo <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>esso<span class=\"_ _41\"> </span>periodo de<span class=\"_ _1\"></span>ll\u2019<span class=\"_ _6\"></span>anno 2025<span class=\"_ _1\"></span>. Per<span class=\"_ _1\"></span>tant<span class=\"_ _1\"></span>o, la<span class=\"_ _1\"></span>ddove il<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>o osservabile<span class=\"_ _1\"></span> in ta<span class=\"_ _1\"></span>le fr<span class=\"_ _1\"></span>angente <span class=\"_ _1\"></span>dovesse <span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e st<span class=\"_ _1\"></span>abile<span class=\"_ _41\"> </span>anche nell<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>ossime setti<span class=\"_ _1\"></span>mane, ovv<span class=\"_ _1\"></span>ero la<span class=\"_ _1\"></span> crisi <span class=\"_ _1\"></span>in atto<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>stasse <span class=\"_ _1\"></span>circoscritt<span class=\"_ _1\"></span>a t<span class=\"_ _1\"></span>erritorial<span class=\"_ _1\"></span>mente <span class=\"_ _1\"></span>e nel t<span class=\"_ _1\"></span>empo, <span class=\"_ _1\"></span>il<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>ffico <span class=\"_ _1\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _1\"></span>Unit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Servizio <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>anno <span class=\"_ _1\"></span>2026 <span class=\"_ _6\"></span>potrebber<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>subire <span class=\"_ _6\"></span>particolari <span class=\"_ _6\"></span>variazioni <span class=\"_ _6\"></span>rispetto <span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>stime<span class=\"_ _41\"> </span>prev<span class=\"_ _1\"></span>iste<span class=\"_ _1\"></span> nel Piano Industrial<span class=\"_ _1\"></span>e e nel Piano di P<span class=\"_ _1\"></span>erformanc<span class=\"_ _1\"></span>e. A <span class=\"_ _4\"></span>fr<span class=\"_ _1\"></span>onte, tuttavi<span class=\"_ _1\"></span>a, <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>larg<span class=\"_ _1\"></span>amento ed <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>allung<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onflitto<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>l\u2019impatt<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sui <span class=\"_ _4\"></span>volu<span class=\"_ _1\"></span>mi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>tra<span class=\"_ _1\"></span>ffico <span class=\"_ _4\"></span>in<span class=\"_ _41\"> </span>Ita<span class=\"_ _1\"></span>lia potre<span class=\"_ _1\"></span>bbe essere<span class=\"_ _1\"></span> maggiore<span class=\"_ _1\"></span>, con pot<span class=\"_ _1\"></span>enziali ripe<span class=\"_ _1\"></span>rcussioni <span class=\"_ _1\"></span>sulle s<span class=\"_ _1\"></span>time di Unit<span class=\"_ _1\"></span>\u00e0 di <span class=\"_ _1\"></span>Servizio a<span class=\"_ _1\"></span>ttese il <span class=\"_ _1\"></span>2026. In <span class=\"_ _a\"></span>tale<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>ultimo <span class=\"_ _a\"></span>caso<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>occorr<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>ricor<span class=\"_ _1\"></span>dare <span class=\"_ _5\"></span>come <span class=\"_ _a\"></span>lo <span class=\"_ _5\"></span>schema <span class=\"_ _a\"></span>tariff<span class=\"_ _1\"></span>ario <span class=\"_ _5\"></span>e <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>perf<span class=\"_ _1\"></span>ormance <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>cui <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>\u00e8<span class=\"_ _41\"> </span>soggetta <span class=\"_ _6\"></span>pre<span class=\"_ _1\"></span>vede <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>omunque <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>ema <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>condivisione <span class=\"_ _6\"></span>dei <span class=\"_ _1\"></span>rischi, <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>quale <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>potenziale <span class=\"_ _6\"></span>perdit<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>Unit\u00e0<span class=\"_ _41\"> </span>di Servizio a caric<span class=\"_ _1\"></span>o della Capogruppo<span class=\"_ _1\"></span>, rispetto alla s<span class=\"_ _1\"></span>tima iniziale, non sarebbe<span class=\"_ _1\"></span>, a parit\u00e0 di altr<span class=\"_ _1\"></span>e condizioni,<span class=\"_ _41\"> </span>mai superior<span class=\"_ _1\"></span>e al 4,4%.<span class=\"_ _41\"> </span>Rischi per co<span class=\"_ _1\"></span>ntenziosi<span class=\"_ _41\"> </span>Il <span class=\"_ _9\"> </span>cont<span class=\"_ _1\"></span>enzioso <span class=\"_ _9\"> </span>in <span class=\"_ _9\"> </span>mate<span class=\"_ _1\"></span>ria <span class=\"_ _9\"> </span>tributaria, <span class=\"_ _9\"> </span>amminis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tiva, <span class=\"_ _9\"> </span>civile<span class=\"_ _1\"></span> <span class=\"_ _10\"> </span>e <span class=\"_ _9\"> </span>di <span class=\"_ _9\"> </span>lavor<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>viene <span class=\"_ _9\"> </span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _10\"> </span>dalle <span class=\"_ _9\"> </span>compe<span class=\"_ _1\"></span>tenti<span class=\"_ _41\"> </span>struttur<span class=\"_ _1\"></span>e del<span class=\"_ _1\"></span> Gruppo <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _1\"></span>che <span class=\"_ _1\"></span>hanno f<span class=\"_ _1\"></span>ornito<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>per la <span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>dazione del<span class=\"_ _1\"></span> pre<span class=\"_ _1\"></span>sente <span class=\"_ _1\"></span>Bilancio<span class=\"_ _1\"></span>, un <span class=\"_ _1\"></span>quadro<span class=\"_ _1\"></span> com<span class=\"_ _1\"></span>pleto<span class=\"_ _41\"> </span>ed <span class=\"_ _a\"></span>esaustivo <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>diver<span class=\"_ _1\"></span>si <span class=\"_ _a\"></span>procedimen<span class=\"_ _1\"></span>ti <span class=\"_ _b\"></span>civili, <span class=\"_ _a\"></span>amministr<span class=\"_ _1\"></span>ativi <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>giuslavo<span class=\"_ _1\"></span>ristici. <span class=\"_ _a\"></span>A <span class=\"_ _b\"></span>fro<span class=\"_ _1\"></span>nte <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>cont<span class=\"_ _1\"></span>enzioso, <span class=\"_ _a\"></span>il<span class=\"_ _41\"> </span>Gruppo ha <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>ettua<span class=\"_ _1\"></span>to una <span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione pun<span class=\"_ _1\"></span>tuale del <span class=\"_ _1\"></span>rischio di<span class=\"_ _1\"></span> soccombenz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>da cui \u00e8<span class=\"_ _1\"></span> emer<span class=\"_ _1\"></span>sa la <span class=\"_ _1\"></span>necessit\u00e0 <span class=\"_ _1\"></span>di<span class=\"_ _41\"> </span>cos<span class=\"_ _1\"></span>tituire, prudenzialmen<span class=\"_ _1\"></span>te, degli specifi<span class=\"_ _1\"></span>ci fondi per que<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontenziosi il cui esit<span class=\"_ _1\"></span>o nega<span class=\"_ _1\"></span>ti<span class=\"_ _4\"></span>vo \u00e8 sta<span class=\"_ _1\"></span>to ritenut<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>probabil<span class=\"_ _1\"></span>e e per il quale<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>i \u00e8 <span class=\"_ _1\"></span>ragionev<span class=\"_ _1\"></span>olment<span class=\"_ _1\"></span>e potuto pr<span class=\"_ _1\"></span>oceder<span class=\"_ _1\"></span>e alla sua quantific<span class=\"_ _1\"></span>azione. Pe<span class=\"_ _1\"></span>r quei giudizi il<span class=\"_ _41\"> </span>cui <span class=\"_ _1\"></span>esito <span class=\"_ _1\"></span>neg<span class=\"_ _1\"></span>ativo <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o rit<span class=\"_ _1\"></span>enuto <span class=\"_ _1\"></span>solt<span class=\"_ _1\"></span>anto <span class=\"_ _6\"></span>possibile, <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>\u00e8 pr<span class=\"_ _1\"></span>ocedut<span class=\"_ _1\"></span>o a<span class=\"_ _1\"></span> s<span class=\"_ _1\"></span>pecifici <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>anziamenti <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>accor<span class=\"_ _1\"></span>do<span class=\"_ _41\"> </span>con le norme i<span class=\"_ _1\"></span>n materia<span class=\"_ _1\"></span> di formazi<span class=\"_ _1\"></span>one del bilancio.  Allo <span class=\"_ _5\"></span>sta<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>attual<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>non <span class=\"_ _5\"></span>si <span class=\"_ _a\"></span>ritiene<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>dalla <span class=\"_ _a\"></span>definizio<span class=\"_ _1\"></span>ne <span class=\"_ _a\"></span>dei <span class=\"_ _5\"></span>cont<span class=\"_ _1\"></span>enziosi <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>esser<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>possano <span class=\"_ _5\"></span>emerge<span class=\"_ _1\"></span>re <span class=\"_ _5\"></span>oneri<span class=\"_ _41\"> </span>significa<span class=\"_ _1\"></span>tivi a <span class=\"_ _4\"></span>caric<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>del Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>oltr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>a quanto gi\u00e0 a <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>ale titolo <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tanzia<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>nei f<span class=\"_ _1\"></span>ondi <span class=\"_ _4\"></span>per accant<span class=\"_ _1\"></span>onamenti al<span class=\"_ _41\"> </span>31 dicembr<span class=\"_ _1\"></span>e 2025.<span class=\"_ _41\"> </span>Contenzi<span class=\"_ _1\"></span>oso civile ed ammi<span class=\"_ _1\"></span>nistrativo Il <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>tenzioso <span class=\"_ _a\"></span>civile <span class=\"_ _5\"></span>ed <span class=\"_ _a\"></span>am<span class=\"_ _4\"></span>minis<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tivo <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>ribile, <span class=\"_ _a\"></span>int<span class=\"_ _1\"></span>er <span class=\"_ _a\"></span>alia: <span class=\"_ _a\"></span>i) <span class=\"_ _a\"></span>alle <span class=\"_ _a\"></span>azioni <span class=\"_ _a\"></span>intr<span class=\"_ _1\"></span>aprese <span class=\"_ _5\"></span>con <span class=\"_ _a\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _a\"></span>ai<span class=\"_ _41\"> </span>giudizi <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cor<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>confron<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>ornitori<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>s<span class=\"_ _4\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>ges<span class=\"_ _1\"></span>tione <span class=\"_ _5\"></span>aeroportual<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>e <span class=\"_ _5\"></span>vett<span class=\"_ _1\"></span>ori <span class=\"_ _5\"></span>aerei<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>insolventi<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>o <span class=\"_ _5\"></span>in<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>alliment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>altre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>procedure<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>concors<span class=\"_ _1\"></span>uali, <span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _1\"></span>i <span class=\"_ _1\"></span>quali <span class=\"_ _6\"></span>sono <span class=\"_ _1\"></span>sorte <span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>over<span class=\"_ _1\"></span>sie <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>crediti <span class=\"_ _6\"></span>che <span class=\"_ _1\"></span>non <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _1\"></span>st<span class=\"_ _1\"></span>ato<span class=\"_ _41\"> </span>possibile recuper<span class=\"_ _1\"></span>are s<span class=\"_ _4\"></span>ul piano <span class=\"_ _4\"></span>str<span class=\"_ _1\"></span>agiudiziale ed <span class=\"_ _4\"></span>alcuni <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>quali sono <span class=\"_ _4\"></span>sta<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>oggetto<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>sv<span class=\"_ _1\"></span>alutazi<span class=\"_ _1\"></span>one; <span class=\"_ _4\"></span>ii) <span class=\"_ _4\"></span>alle<span class=\"_ _41\"> </span>contr<span class=\"_ _1\"></span>over<span class=\"_ _1\"></span>sie <span class=\"_ _b\"></span>rife<span class=\"_ _1\"></span>ribili <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>resis<span class=\"_ _1\"></span>tenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>a <span class=\"_ _b\"> </span>pretese <span class=\"_ _a\"></span>giudiziali <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>fornitori <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>appalta<span class=\"_ _1\"></span>tori <span class=\"_ _a\"></span>che <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>l <span class=\"_ _9\"> </span>Gru<span class=\"_ _1\"></span>ppo <span class=\"_ _b\"></span>ritiene<span class=\"_ _41\"> </span>inf<span class=\"_ _1\"></span>ondat<span class=\"_ _1\"></span>e, <span class=\"_ _d\"> </span>ovver<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>al <span class=\"_ _c\"> </span>recu<span class=\"_ _1\"></span>pero <span class=\"_ _c\"> </span>dei <span class=\"_ _d\"> </span>maggiori <span class=\"_ _c\"> </span>cos<span class=\"_ _1\"></span>ti <span class=\"_ _c\"> </span>e/o <span class=\"_ _d\"> </span>danni <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>il <span class=\"_ _d\"> </span>Grup<span class=\"_ _1\"></span>po <span class=\"_ _d\"> </span>abbia <span class=\"_ _c\"> </span>sost<span class=\"_ _1\"></span>enuto <span class=\"_ _c\"> </span>per<span class=\"_ _41\"> </span>inadempienz<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>di <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>ornitori/<span class=\"_ _1\"></span>appalt<span class=\"_ _1\"></span>atori; <span class=\"_ _12\"> </span>iii) <span class=\"_ _12\"> </span>contr<span class=\"_ _1\"></span>over<span class=\"_ _1\"></span>sie <span class=\"_ _12\"> </span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _c\"> </span>a <span class=\"_ _12\"> </span>provv<span class=\"_ _1\"></span>edimenti <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>trasf<span class=\"_ _1\"></span>erimen<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>o<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>trocessione di beni<span class=\"_ _1\"></span> e impianti no<span class=\"_ _1\"></span>n pi\u00f9 strumen<span class=\"_ _1\"></span>tali all<span class=\"_ _1\"></span>a navig<span class=\"_ _1\"></span>azione aer<span class=\"_ _1\"></span>ea; iv) a giudizi rel<span class=\"_ _1\"></span>ativi a richies<span class=\"_ _1\"></span>ta<span class=\"_ _41\"> </span>danni <span class=\"_ _12\"> </span>da <span class=\"_ _7\"> </span>sinistri <span class=\"_ _7\"> </span>aeronautici<span class=\"_ _1\"></span>, <span class=\"_ _12\"> </span>il <span class=\"_ _12\"> </span>cui <span class=\"_ _12\"> </span>rischio <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>soccombenz<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>\u00e8 <span class=\"_ _7\"> </span>peraltr<span class=\"_ _1\"></span>o <span class=\"_ _12\"> </span>assun<span class=\"_ _1\"></span>to <span class=\"_ _12\"> </span>normalment<span class=\"_ _1\"></span>e <span class=\"_ _12\"> </span>dalla<span class=\"_ _41\"> </span>compagnia <span class=\"_ _5\"></span>assicur<span class=\"_ _1\"></span>ativa <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>Capogruppo; <span class=\"_ _5\"></span>v) <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>giudizi <span class=\"_ _5\"></span>rel<span class=\"_ _1\"></span>ativi <span class=\"_ _5\"></span>a<span class=\"_ _4\"></span>ll<span class=\"_ _1\"></span>\u2019<span class=\"_ _4\"></span>impugnativ<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>materia <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>ost<span class=\"_ _1\"></span>acoli <span class=\"_ _5\"></span>alla<span class=\"_ _41\"> </span>navig<span class=\"_ _1\"></span>azione ae<span class=\"_ _1\"></span>rea.<span class=\"_ _41\"> </span>Proce<span class=\"_ _1\"></span>dimenti penali In <span class=\"_ _4\"></span>esito <span class=\"_ _4\"></span>ad<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ordine <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>esibiz<span class=\"_ _1\"></span>ione <span class=\"_ _4\"></span>document<span class=\"_ _1\"></span>ale <span class=\"_ _4\"></span>ricevuto dalla <span class=\"_ _4\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>data 13 <span class=\"_ _4\"></span>giugno <span class=\"_ _4\"></span>2018, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>st<span class=\"_ _1\"></span>ata<span class=\"_ _41\"> </span>prodo<span class=\"_ _1\"></span>tta <span class=\"_ _d\"> </span>documentazi<span class=\"_ _1\"></span>one <span class=\"_ _d\"> </span>inerent<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>selezione <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>pe<span class=\"_ _1\"></span>rsonale <span class=\"_ _d\"> </span>aven<span class=\"_ _1\"></span>te <span class=\"_ _d\"> </span>rapport<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>di <span class=\"_ _25\"> </span>par<span class=\"_ _1\"></span>ente<span class=\"_ _1\"></span>la <span class=\"_ _25\"> </span>c<span class=\"_ _1\"></span>on <span class=\"_ _25\"> </span>e<span class=\"_ _1\"></span>x<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>ore <span class=\"_ _25\"> </span>Unico <span class=\"_ _25\"> </span>dell<span class=\"_ _1\"></span>a <span class=\"_ _25\"> </span>S<span class=\"_ _4\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _25\"> </span>per <span class=\"_ _25\"> </span>l\u2019<span class=\"_ _6\"></span>assunzione <span class=\"_ _25\"> </span>al <span class=\"_ _25\"> </span>ruolo <span class=\"_ _25\"> </span>di <span class=\"_ _25\"> </span>contr<span class=\"_ _1\"></span>ollor<span class=\"_ _1\"></span>e <span class=\"_ _25\"> </span>del <span class=\"_ _25\"> </span>traffic<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>aereo<span class=\"_ _1\"></span>, procedime<span class=\"_ _1\"></span>nto che, <span class=\"_ _1\"></span>per quant<span class=\"_ _1\"></span>o const<span class=\"_ _1\"></span>a, risulta ar<span class=\"_ _1\"></span>chivia<span class=\"_ _1\"></span>to. <span class=\"ff3\"> </span>Pe<span class=\"_ _1\"></span>nde <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>f<span class=\"_ _1\"></span>ase <span class=\"_ _b\"></span>di <span class=\"_ _a\"></span>udienza<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>liminare <span class=\"_ _a\"></span>il <span class=\"_ _b\"></span>procediment<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>penale <span class=\"_ _b\"></span>avvia<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dalla <span class=\"_ _b\"></span>Pr<span class=\"_ _1\"></span>ocura <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>Repubblic<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di Fir<span class=\"_ _1\"></span>enze <span class=\"_ _6\"></span>aff<span class=\"_ _1\"></span>eren<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ad <span class=\"_ _6\"></span>ipotizza<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>illecito <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>mat<span class=\"_ _1\"></span>eria <span class=\"_ _1\"></span>ambien<span class=\"_ _1\"></span>tale <span class=\"_ _6\"></span>in <span class=\"_ _1\"></span>rel<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fornit<span class=\"_ _1\"></span>ura, <span class=\"_ _1\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>soggett<span class=\"_ _1\"></span>o terz<span class=\"_ _1\"></span>o, <span class=\"_ _1\"></span>di ma<span class=\"_ _1\"></span>teriale <span class=\"_ _1\"></span>utilizza<span class=\"_ _1\"></span>to, <span class=\"_ _1\"></span>tra <span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>altr<span class=\"_ _1\"></span>o, pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _6\"></span>esecuzione <span class=\"_ _1\"></span>di t<span class=\"_ _1\"></span>alune oper<span class=\"_ _1\"></span>e civili <span class=\"_ _1\"></span>rela<span class=\"_ _1\"></span>tive anche <span class=\"_ _1\"></span>all\u2019<span class=\"_ _6\"></span>appalt<span class=\"_ _1\"></span>o per l\u2019<span class=\"_ _6\"></span>ammodernamen<span class=\"_ _1\"></span>to  dell\u2019<span class=\"_ _6\"></span>aeroporto<span class=\"_ _1\"></span> <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>Pisa; <span class=\"_ _7\"> </span>nel <span class=\"_ _7\"> </span>con<span class=\"_ _1\"></span>test<span class=\"_ _1\"></span>o <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>t<span class=\"_ _1\"></span>ale <span class=\"_ _7\"> </span>appalto<span class=\"_ _1\"></span>, <span class=\"_ _7\"> </span>affida<span class=\"_ _1\"></span>to <span class=\"_ _7\"> </span>dalla  committen<span class=\"_ _1\"></span>te Aeronautic<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>Milit<span class=\"_ _1\"></span>are <span class=\"_ _4\"></span>al <span class=\"_ _4\"></span>Raggruppamen<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>T<span class=\"_ _6\"></span>empor<span class=\"_ _1\"></span>aneo <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>Impr<span class=\"_ _1\"></span>ese <span class=\"_ _4\"></span>(RTI)<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>Thales/T<span class=\"_ _6\"></span>echno <span class=\"_ _4\"></span>Sk<span class=\"_ _4\"></span>y<span class=\"_ _2\"></span>, <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>opere <span class=\"_ _4\"></span>civil<span class=\"_ _1\"></span>i sono s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>e subappalt<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> da T<span class=\"_ _2\"></span>echno Sky a <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _1\"></span> terz<span class=\"_ _1\"></span>a che, <span class=\"_ _1\"></span>a sua <span class=\"_ _1\"></span>volta, <span class=\"_ _1\"></span>ha prov<span class=\"_ _1\"></span>veduto <span class=\"_ _1\"></span>ad appr<span class=\"_ _1\"></span>ovvigionare il mat<span class=\"_ _1\"></span>eriale att<span class=\"_ _1\"></span>enzionat<span class=\"_ _1\"></span>o rifornendosi da a<span class=\"_ _1\"></span>ltra societ<span class=\"_ _1\"></span>\u00e0, origine del pe<span class=\"_ _1\"></span>ndente <span class=\"_ _1\"></span>procedimen<span class=\"_ _1\"></span>to. <span class=\"ff3\"> </span>Il <span class=\"_ _a\"></span>procedimen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>questione, <span class=\"_ _a\"></span>nel <span class=\"_ _a\"></span>quale <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>echno <span class=\"_ _a\"></span>Sky <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _a\"></span>st<span class=\"_ _1\"></span>ata <span class=\"_ _a\"></span>individua<span class=\"_ _1\"></span>ta <span class=\"_ _a\"></span>tra <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>persone <span class=\"_ _a\"></span>off<span class=\"_ _1\"></span>ese <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>reat<span class=\"_ _1\"></span>o, cos<span class=\"_ _1\"></span>tituita <span class=\"_ _10\"> </span>part<span class=\"_ _1\"></span>e  Civil<span class=\"_ _1\"></span>e  per <span class=\"_ _10\"> </span>otte<span class=\"_ _1\"></span>nere <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>risarci<span class=\"_ _1\"></span>mento <span class=\"_ _9\"> </span>dei  danni,<span class=\"_ _1\"></span>  vede <span class=\"_ _10\"> </span>con<span class=\"_ _1\"></span>tes<span class=\"_ _1\"></span>tati <span class=\"_ _9\"> </span>agli  imput<span class=\"_ _1\"></span>ati <span class=\"_ _10\"> </span>i <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>ati  di associazione <span class=\"_ _1\"></span>per delinque<span class=\"_ _1\"></span>re, r<span class=\"_ _1\"></span>eati r<span class=\"_ _1\"></span>elativi<span class=\"_ _1\"></span> al tr<span class=\"_ _1\"></span>affico <span class=\"_ _1\"></span>di rifiuti e <span class=\"_ _1\"></span>di inqui<span class=\"_ _1\"></span>namento a<span class=\"_ _1\"></span>mbient<span class=\"_ _1\"></span>ale, r<span class=\"_ _1\"></span>eati c<span class=\"_ _1\"></span>ontro <span class=\"_ _1\"></span>la pubblica am<span class=\"_ _1\"></span>ministr<span class=\"_ _1\"></span>azione e re<span class=\"_ _1\"></span>ati di truff<span class=\"_ _1\"></span>a in danno dei <span class=\"_ _1\"></span>diversi <span class=\"_ _1\"></span>sog<span class=\"_ _4\"></span>g<span class=\"_ _1\"></span>etti coin<span class=\"_ _1\"></span>volti. <span class=\"ff3\"> </span>A <span class=\"_ _1\"></span>seguit<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>del <span class=\"_ _6\"></span>s<span class=\"_ _4\"></span>inis<span class=\"_ _1\"></span>tro <span class=\"_ _6\"></span>occor<span class=\"_ _1\"></span>so <span class=\"_ _1\"></span>presso <span class=\"_ _6\"></span>l\u2019<span class=\"_ _11\"></span>Aeroport<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Ciam<span class=\"_ _1\"></span>pino, <span class=\"_ _1\"></span>quando <span class=\"_ _6\"></span>un <span class=\"_ _1\"></span>citt<span class=\"_ _1\"></span>adino <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>tranie<span class=\"_ _1\"></span>ro <span class=\"_ _1\"></span>si <span class=\"_ _6\"></span>introduc<span class=\"_ _1\"></span>eva, in da<span class=\"_ _1\"></span>ta <span class=\"_ _1\"></span>5 f<span class=\"_ _1\"></span>ebbr<span class=\"_ _1\"></span>aio <span class=\"_ _1\"></span>2025, <span class=\"_ _1\"></span>nei l<span class=\"_ _1\"></span>ocali <span class=\"_ _1\"></span>della T<span class=\"_ _2\"></span>orre <span class=\"_ _1\"></span>di ENA<span class=\"_ _1\"></span>V<span class=\"_ _2\"></span>, a<span class=\"_ _1\"></span>ttuando una<span class=\"_ _1\"></span> serie <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>grav<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>ondotte <span class=\"_ _1\"></span>illecite<span class=\"_ _1\"></span> a <span class=\"_ _1\"></span>danno di ENA<span class=\"_ _1\"></span>V e della con<span class=\"_ _1\"></span>trolla<span class=\"_ _1\"></span>ta T<span class=\"_ _2\"></span>echno Sky<span class=\"_ _6\"></span>, la Societ\u00e0<span class=\"_ _1\"></span> ha pr<span class=\"_ _1\"></span>ovveduto a spor<span class=\"_ _1\"></span>ger<span class=\"_ _1\"></span>e atto di denuncia q<span class=\"_ _1\"></span>uerela ed il procedime<span class=\"_ _1\"></span>nto \u00e8 anc<span class=\"_ _1\"></span>ora in f<span class=\"_ _1\"></span>ase di indagine<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "Rischio di credit<span class=\"_ _1\"></span>o Il Gruppo \u00e8 espos<span class=\"_ _1\"></span>to al rischio di cr<span class=\"_ _1\"></span>edito che si s<span class=\"_ _1\"></span>ostanzi<span class=\"_ _1\"></span>a nel rischio che una o pi\u00f9 co<span class=\"_ _1\"></span>ntropar<span class=\"_ _1\"></span>ti commer<span class=\"_ _1\"></span>ciali<span class=\"_ _41\"> </span>possano <span class=\"_ _a\"></span>divenir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>incapaci <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>soddisf<span class=\"_ _1\"></span>are <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>tutto <span class=\"_ _a\"></span>o <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>parte <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>prop<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>obblig<span class=\"_ _1\"></span>azioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>pagament<span class=\"_ _1\"></span>o. <span class=\"_ _a\"></span>T<span class=\"_ _6\"></span>ale<span class=\"_ _41\"> </span>rischio <span class=\"_ _7\"> </span>s<span class=\"_ _4\"></span>i <span class=\"_ _7\"> </span>manif<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>a <span class=\"_ _12\"> </span>principal<span class=\"_ _1\"></span>mente <span class=\"_ _7\"> </span>in <span class=\"_ _12\"> </span>relazione <span class=\"_ _7\"> </span>ai <span class=\"_ _7\"> </span>crediti <span class=\"_ _12\"> </span>commer<span class=\"_ _1\"></span>ciali <span class=\"_ _7\"> </span>corren<span class=\"_ _1\"></span>ti <span class=\"_ _12\"> </span>re<span class=\"_ _1\"></span>lativi <span class=\"_ _7\"> </span>alle <span class=\"_ _12\"> </span>attivit\u00e0<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>tive, <span class=\"_ _c\"> </span>e <span class=\"_ _d\"> </span>in<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>particola<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>in <span class=\"_ _d\"> </span>con<span class=\"_ _1\"></span>nessione <span class=\"_ _c\"> </span>s<span class=\"_ _4\"></span>ia<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ai <span class=\"_ _c\"> </span>cr<span class=\"_ _1\"></span>editi <span class=\"_ _d\"> </span>deriv<span class=\"_ _1\"></span>anti <span class=\"_ _c\"> </span>dalle <span class=\"_ _c\"> </span>attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _d\"> </span>sul <span class=\"_ _c\"> </span>merc<span class=\"_ _1\"></span>ato <span class=\"_ _c\"> </span>non<span class=\"_ _41\"> </span>re<span class=\"_ _1\"></span>golamenta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>che ai <span class=\"_ _4\"></span>servizi <span class=\"_ _4\"></span>di Rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>i servizi <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>T<span class=\"_ _2\"></span>erminale, <span class=\"_ _4\"></span>che rappr<span class=\"_ _1\"></span>esent<span class=\"_ _1\"></span>ano <span class=\"_ _4\"></span>la maggiore <span class=\"_ _4\"></span>esposizione<span class=\"_ _41\"> </span>in <span class=\"_ _1\"></span>bilancio. <span class=\"_ _1\"></span>T<span class=\"_ _6\"></span>ali <span class=\"_ _1\"></span>somme <span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>rif<span class=\"_ _1\"></span>eriscono <span class=\"_ _1\"></span>essenzialmen<span class=\"_ _1\"></span>te <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>crediti <span class=\"_ _1\"></span>matur<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>nei <span class=\"_ _1\"></span>conf<span class=\"_ _1\"></span>ronti <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Eur<span class=\"_ _1\"></span>ocontr<span class=\"_ _1\"></span>ol. <span class=\"_ _1\"></span>In t<span class=\"_ _1\"></span>ale<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>est<span class=\"_ _1\"></span>o, <span class=\"_ _a\"></span>la <span class=\"_ _b\"></span>misurazione <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nei <span class=\"_ _a\"></span>confr<span class=\"_ _1\"></span>onti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>corre<span class=\"_ _1\"></span>lata <span class=\"_ _a\"></span>ai<span class=\"_ _41\"> </span>profil<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischiosit\u00e0 <span class=\"_ _4\"></span>associati <span class=\"_ _4\"></span>al <span class=\"_ _5\"></span>settor<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>delle <span class=\"_ _4\"></span>compagnie <span class=\"_ _4\"></span>aeree<span class=\"_ _1\"></span>. <span class=\"_ _5\"></span>Nello <span class=\"_ _5\"></span>specifico<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>Eurocontr<span class=\"_ _1\"></span>ol <span class=\"_ _4\"></span>non <span class=\"_ _5\"></span>assume<span class=\"_ _41\"> </span>alcun <span class=\"_ _4\"></span>rischio <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _4\"></span>fron<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>dell\u2019<span class=\"_ _6\"></span>eventual<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>insolve<span class=\"_ _1\"></span>nza <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>vetto<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>salda <span class=\"_ _4\"></span>le <span class=\"_ _4\"></span>proprie <span class=\"_ _4\"></span>passivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _4\"></span>ver<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>la<span class=\"_ _41\"> </span>Capogruppo <span class=\"_ _12\"> </span>solo <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>seguito <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>avvenut<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>incasso <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>elle <span class=\"_ _c\"> </span>rispettive <span class=\"_ _12\"> </span>som<span class=\"_ _4\"></span>me <span class=\"_ _c\"> </span>dal<span class=\"_ _1\"></span>le <span class=\"_ _c\"> </span>compagnie <span class=\"_ _c\"> </span>ae<span class=\"_ _1\"></span>ree.<span class=\"_ _41\"> </span>Euroc<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>ol <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>vece <span class=\"_ _a\"></span>si <span class=\"_ _b\"></span>attiv<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>dire<span class=\"_ _1\"></span>ttament<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>per <span class=\"_ _a\"></span>il <span class=\"_ _a\"></span>recuper<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _a\"></span>ste<span class=\"_ _1\"></span>ssi, <span class=\"_ _b\"></span>avviando <span class=\"_ _a\"></span>anche <span class=\"_ _a\"></span>le <span class=\"_ _a\"></span>rela<span class=\"_ _1\"></span>tive <span class=\"_ _a\"></span>azioni<span class=\"_ _41\"> </span>giudiziali<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ove <span class=\"_ _4\"></span>nece<span class=\"_ _1\"></span>ssario, per <span class=\"_ _4\"></span>i crediti di <span class=\"_ _4\"></span>rott<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>ed in <span class=\"_ _4\"></span>colla<span class=\"_ _1\"></span>borazione con <span class=\"_ _4\"></span>la Capogruppo <span class=\"_ _4\"></span>per il <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ecupero dei<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>diti di terminale.<span class=\"_ _41\"> </span>A <span class=\"_ _5\"></span>front<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _a\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inadempienz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>debitori <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _a\"></span>iscritto <span class=\"_ _4\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _5\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>apposito<span class=\"_ _41\"> </span>f<span class=\"_ _1\"></span>ondo  s<span class=\"_ _1\"></span>valut<span class=\"_ _1\"></span>azione  (Ex<span class=\"_ _1\"></span>pected <span class=\"_ _10\"> </span>Cr<span class=\"_ _1\"></span>edit  Los<span class=\"_ _1\"></span>s)  det<span class=\"_ _1\"></span>ermina<span class=\"_ _1\"></span>to  in <span class=\"_ _10\"> </span>c<span class=\"_ _1\"></span>onf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _10\"> </span>al <span class=\"_ _10\"> </span>principio <span class=\"_ _9\"> </span>IFRS  9<span class=\"lse\">,  </span>oggett<span class=\"_ _1\"></span>o  di<span class=\"_ _41\"> </span>specifico <span class=\"_ _4\"></span>aggiorna<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>ne<span class=\"_ _1\"></span>l <span class=\"_ _4\"></span>corso <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span>l\u2019<span class=\"_ _6\"></span>esercizio<span class=\"_ _1\"></span>,<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>ba<span class=\"_ _1\"></span>sato <span class=\"_ _4\"></span>sul <span class=\"_ _4\"></span>det<span class=\"_ _1\"></span>eriora<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>merito <span class=\"_ _4\"></span>creditizi<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>un<span class=\"_ _41\"> </span>panier<span class=\"_ _1\"></span>e di societ\u00e0 r<span class=\"_ _1\"></span>appre<span class=\"_ _1\"></span>senta<span class=\"_ _1\"></span>tive del sett<span class=\"_ _1\"></span>ore del tr<span class=\"_ _1\"></span>asport<span class=\"_ _1\"></span>o aereo. La <span class=\"_ _10\"> </span>seguent<span class=\"_ _1\"></span>e  t<span class=\"_ _1\"></span>abella <span class=\"_ _9\"> </span>fornisce <span class=\"_ _9\"> </span>una  ripartizi<span class=\"_ _1\"></span>one <span class=\"_ _10\"> </span>dei <span class=\"_ _10\"> </span>cr<span class=\"_ _1\"></span>editi  c<span class=\"_ _1\"></span>ommerciali<span class=\"_ _1\"></span>  (c<span class=\"_ _1\"></span>orrenti <span class=\"_ _9\"> </span>e <span class=\"_ _10\"> </span>non  c<span class=\"_ _1\"></span>orren<span class=\"_ _1\"></span>ti)  al<span class=\"_ _1\"></span>  31<span class=\"_ _41\"> </span>dicembr<span class=\"_ _1\"></span>e 2025:<table class=\"s w42e h755\" id=\"_d916398a-22b9-4089-bef0-aa3da1c8bc0e\"><tr><td></td><td></td><td></td><td></td><td class=\"c x3be y17a3 w42f h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div><div class=\"t m0 x3bd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td><td class=\"c x3bf y17a3 w320 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td><td class=\"c x3c0 y17a3 w430 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">Scaduto da<span class=\"_ _41\"> </span></div></td></tr><tr><td></td><td class=\"c x3c1 y17a4 w24b hf8\"><div class=\"t m0 x0 hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">al 31.12.2025<span class=\"_ _1\"></span><span class=\"ff1\"> </span></div></td><td class=\"c x3c2 y17a4 w24c hf8\"><div class=\"t m0 x2c hbd y3b6 ff6 fs8 fc0 sc0 ls0 ws0\">A scader<span class=\"_ _1\"></span>e<span class=\"ff1\"> </span></div></td><td class=\"c x3c3 y17a5 w431 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">0-30 gg<span class=\"_ _41\"> </span></div></td><td class=\"c x3c4 y17a5 w432 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls26 ws0\">31<span class=\"ls0\">-90 gg<span class=\"_ _41\"> </span></span></div></td><td class=\"c x3c5 y17a5 w433 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls26 ws0\">91<span class=\"ls0\">-150 gg<span class=\"_ _41\"> </span></span></div></td><td class=\"c x3c6 y17a5 w434 h713\"><div class=\"t m0 x1fd hbd y14d8 ff6 fs8 fc0 sc0 ls0 ws0\">oltre 150 gg<span class=\"_ _41\"> </span></div></td></tr><tr><td class=\"c x233 y17a6 w24a h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti commerciali<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a6 w24b h2c\"><div class=\"t m0 x1df h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">285.949<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a6 w24c h2c\"><div class=\"t m0 x68 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">228.823<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a6 w1e1 h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">5.354<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a6 w24d h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">2.843<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a6 w24e h2c\"><div class=\"t m0 x2e h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">1.214<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a6 w113 h2c\"><div class=\"t m0 x4b h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">47.715<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a7 w24a h2f\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Contract assets<span class=\"_ _1\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a7 w24b h2f\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.405<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a7 w24c h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">12.405<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a7 w1e1 h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a7 w24d h2f\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a7 w24e h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a7 w113 h2f\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a8 w24a h31\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione cr<span class=\"_ _1\"></span>editi<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a8 w24b h31\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(36.968)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a8 w24c h31\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(117)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a8 w1e1 h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(165)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a8 w24d h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(142)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a8 w24e h31\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(163)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a8 w113 h31\"><div class=\"t m0 x5a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(36.381)<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17a9 w24a h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Fondo s<span class=\"_ _1\"></span>valutazione c<span class=\"_ _1\"></span>ontract assets<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17a9 w24b h2c\"><div class=\"t m0 x4f h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(197)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17a9 w24c h2c\"><div class=\"t m0 x6d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">(197)<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17a9 w1e1 h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17a9 w24d h2c\"><div class=\"t m0 x34 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17a9 w24e h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17a9 w113 h2c\"><div class=\"t m0 x2a h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x233 y17aa w24a h2c\"><div class=\"t m0 x0 h2 y328 ff6 fs6 fc0 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>alor<span class=\"_ _1\"></span>e netto<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c1 y17aa w24b h2c\"><div class=\"t m0 x90 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">261.189<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c2 y17aa w24c h2c\"><div class=\"t m0 x68 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">240.914<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c7 y17aa w1e1 h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">5.189<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c8 y17aa w24d h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2.701<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3c9 y17aa w24e h2c\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">1.051<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3ca y17aa w113 h2c\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">11.334<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x207 y1708 w435 h71e\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">% di ECL (e<span class=\"_ _1\"></span>xpected credit lo<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>) per fasce di<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x207 y170a w436 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">scaduto<span class=\"_ _41\"> </span></div></td><td class=\"c x3c1 y17ab w24b h44\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">12,5%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c2 y17ab w24c h44\"><div class=\"t m0 x2e h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">0,1%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c7 y17ab w1e1 h44\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">3,1%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c8 y17ab w24d h44\"><div class=\"t m0 x4b h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">5,0%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3c9 y17ab w24e h44\"><div class=\"t m0 x6d h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">13,4%<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3ca y17ab w113 h44\"><div class=\"t m0 x31 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">76,2%<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3c9 y17ac w24f h2c\"><div class=\"t m0 x40 h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "<div class=\"c w2 h0 gs24\"><div class=\"t m0 x3 h14 y1b2 ffd fs1 fc3 sc0 ls0 ws0\"> </div><div class=\"t m0 x3 h14 y1b3 ff8 fs1 fc3 sc0 ls0 ws0\">Rischio di liq<span class=\"_ _1\"></span>uidit\u00e0 <span class=\"ffd\"> </span></div><div class=\"t m0 x3 h4 y1b4 ff2 fs1 fc0 sc0 ls0 ws0\">Il <span class=\"_ _9\"> </span>ris<span class=\"_ _4\"></span>chio <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>liquidit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _10\"> </span>ra<span class=\"_ _1\"></span>ppresen<span class=\"_ _1\"></span>ta <span class=\"_ _10\"> </span>il <span class=\"_ _9\"> </span>rischio  c<span class=\"_ _1\"></span>he <span class=\"_ _10\"> </span>il <span class=\"_ _10\"> </span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>pur  e<span class=\"_ _1\"></span>ssendo <span class=\"_ _10\"> </span>solvibil<span class=\"_ _1\"></span>e,  po<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>  tr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>rsi <span class=\"_ _9\"> </span>nelle<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y9ca ff2 fs1 fc0 sc0 ls0 ws0\">condizioni <span class=\"_ _6\"></span>di no<span class=\"_ _1\"></span>n pot<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>far <span class=\"_ _1\"></span>fr<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>empestiv<span class=\"_ _1\"></span>amente <span class=\"_ _1\"></span>agli <span class=\"_ _6\"></span>impegni <span class=\"_ _1\"></span>associati <span class=\"_ _1\"></span>alle<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oprie <span class=\"_ _1\"></span>passivit<span class=\"_ _1\"></span>\u00e0 finanzi<span class=\"_ _1\"></span>arie,<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf67 ff2 fs1 fc0 sc0 ls0 ws0\">prev<span class=\"_ _1\"></span>isti <span class=\"_ _10\"> </span>o <span class=\"_ _10\"> </span>impr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti,  pe<span class=\"_ _1\"></span>r  d<span class=\"_ _1\"></span>ifficolt\u00e0 <span class=\"_ _9\"> </span>nel <span class=\"_ _10\"> </span>re<span class=\"_ _1\"></span>perire <span class=\"_ _9\"> </span>risorse <span class=\"_ _9\"> </span>finanziarie, <span class=\"_ _9\"> </span>o  c<span class=\"_ _1\"></span>he <span class=\"_ _10\"> </span>sia <span class=\"_ _10\"> </span>in <span class=\"_ _9\"> </span>grado <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>f<span class=\"_ _1\"></span>arlo <span class=\"_ _10\"> </span>solo <span class=\"_ _9\"> </span>a<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yfef ff2 fs1 fc0 sc0 ls0 ws0\">condizioni <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomiche <span class=\"_ _1\"></span>sfa<span class=\"_ _1\"></span>vor<span class=\"_ _1\"></span>evoli <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>causa <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>f<span class=\"_ _1\"></span>attori <span class=\"_ _1\"></span>leg<span class=\"_ _1\"></span>ati <span class=\"_ _1\"></span>alla <span class=\"_ _1\"></span>per<span class=\"_ _1\"></span>cezione <span class=\"_ _1\"></span>della <span class=\"_ _1\"></span>pro<span class=\"_ _1\"></span>pria risc<span class=\"_ _1\"></span>hiosit\u00e0 <span class=\"_ _1\"></span>da <span class=\"_ _1\"></span>parte<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 yf68 ff2 fs1 fc0 sc0 ls0 ws0\">del mer<span class=\"_ _1\"></span>cat<span class=\"_ _1\"></span>o, o<span class=\"_ _1\"></span> di situa<span class=\"_ _1\"></span>zioni <span class=\"_ _1\"></span>di crisi sis<span class=\"_ _1\"></span>temica<span class=\"_ _1\"></span> quali, a<span class=\"_ _1\"></span> titol<span class=\"_ _1\"></span>o esemplifica<span class=\"_ _1\"></span>tivo e <span class=\"_ _1\"></span>non esaus<span class=\"_ _1\"></span>tivo<span class=\"_ _1\"></span>, credit<span class=\"_ _1\"></span> crunch e<span class=\"_ _41\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m0 x3 h4 yf69 ff2 fs1 fc0 sc0 ls0 ws0\">crisi del <span class=\"_ _4\"></span>debito sovrano<span class=\"_ _1\"></span>, ovvero risulti <span class=\"_ _4\"></span>ina<span class=\"_ _1\"></span>dempiente agli <span class=\"_ _4\"></span>impegni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>(<span class=\"ff8\">covenant</span>) assun<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>in <span class=\"_ _4\"></span>alcuni<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>contr<span class=\"_ _1\"></span>atti di<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y1ba ff2 fs1 fc0 sc0 ls0 ws0\">finanziamen<span class=\"_ _1\"></span>to.  <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 y1bb ff2 fs1 fc0 sc0 ls0 ws0\">La <span class=\"_ _a\"></span>liquidit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>del <span class=\"_ _5\"></span>Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>pur <span class=\"_ _a\"></span>in <span class=\"_ _5\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>una <span class=\"_ _5\"></span>tesor<span class=\"_ _1\"></span>eria <span class=\"_ _a\"></span>centr<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>(cd. <span class=\"_ _b\"></span><span class=\"ff8\">cash <span class=\"_ _a\"></span>pooli<span class=\"_ _1\"></span>ng<span class=\"_ _4\"></span><span class=\"ff2\">), <span class=\"_ _5\"></span>viene <span class=\"_ _5\"></span>ges<span class=\"_ _1\"></span>tita <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span></span></span><span class=\"ff8\"><span class=\"ff2\"> </span></span></div><div class=\"t m0 x3 h4 y1bc ff2 fs1 fc0 sc0 ls0 ws0\">monitor<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dalla <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>livello <span class=\"_ _a\"></span>sosta<span class=\"_ _1\"></span>nzialmente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>accentr<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>al <span class=\"_ _a\"></span>fine <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>ottimizzar<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>complessiva<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y1bd ff2 fs1 fc0 sc0 ls0 ws0\">disponibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>risor<span class=\"_ _1\"></span>se <span class=\"_ _1\"></span>finanziarie, <span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>volgendo <span class=\"_ _6\"></span>un\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>direzione <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>coordina<span class=\"_ _1\"></span>ment<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>societ\u00e0<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 y1be ff2 fs1 fc0 sc0 ls0 ws0\">del Gruppo. <span class=\"ff3\"> </span></div><div class=\"t m0 x3 h4 yff0 ff2 fs1 fc0 sc0 ls0 ws0\">Al <span class=\"_ _1\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _6\"></span>2025 <span class=\"_ _1\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _1\"></span>ha <span class=\"_ _6\"></span>disponibilit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _1\"></span>liquide <span class=\"_ _6\"></span>per <span class=\"_ _1\"></span>451,9 <span class=\"_ _6\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>dispone <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>cre<span class=\"_ _1\"></span>dito<span class=\"_ _41\"> </span> </div><div class=\"t m0 x3 h4 ybbe ff2 fs1 fc0 sc0 ls0 ws0\">a <span class=\"_ _1\"></span>bre<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>termine <span class=\"_ _6\"></span>non <span class=\"_ _1\"></span>utilizz<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>ammon<span class=\"_ _1\"></span>tar<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>total<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>203 <span class=\"_ _1\"></span>milioni <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>euro. <span class=\"_ _1\"></span>Si <span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>di: <span class=\"_ _1\"></span>i) <span class=\"_ _1\"></span>linee <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span><span class=\"_ _4\"></span> </div><div class=\"t m0 x3 h4 ybbf ff8 fs1 fc0 sc0 ls0 ws0\">uncommitt<span class=\"_ _1\"></span>ed<span class=\"ff2\">, soggett<span class=\"_ _1\"></span>e a r<span class=\"_ _1\"></span>evoca, pe<span class=\"_ _1\"></span>r 53 milioni <span class=\"_ _1\"></span>di euro<span class=\"_ _1\"></span>, che <span class=\"_ _1\"></span>non pre<span class=\"_ _1\"></span>vedono il <span class=\"_ _1\"></span>rispetto di <span class=\"ff8\">co<span class=\"_ _1\"></span>venant<span class=\"ff2\"> n\u00e9 al<span class=\"_ _1\"></span>tri<span class=\"_ _41\"> </span></span></span></span><span class=\"ff2\"><span class=\"ff8\"><span class=\"ff2\"> </span></span></span></div><div class=\"t m0 x3 h4 y62a ff2 fs1 fc0 sc0 ls0 ws0\">impegni contr<span class=\"_ _1\"></span>attuali, di <span class=\"_ _4\"></span>cui 1 milione di <span class=\"_ _4\"></span>euro nella<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>orma <span class=\"_ _4\"></span>di scoper<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>di cont<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>corr<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>e, <span class=\"_ _4\"></span>37 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span> </div></div>di anticipi fina<span class=\"_ _1\"></span>nziari utilizz<span class=\"_ _1\"></span>abili senz<span class=\"_ _1\"></span>a alcun vinc<span class=\"_ _1\"></span>olo di des<span class=\"_ _1\"></span>tinazione e 15 milioni di e<span class=\"_ _1\"></span>uro pe<span class=\"_ _1\"></span>r anticipi ex<span class=\"_ _1\"></span>port;<span class=\"_ _41\"> </span>ii) <span class=\"_ _4\"></span>linee <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span><span class=\"ff8\">committed</span> <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un<span class=\"_ _4\"></span> <span class=\"_ _4\"></span>import<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>comples<span class=\"_ _1\"></span>sivo <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>150 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>con <span class=\"_ _4\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>inizial<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span><span class=\"ls51\">a<span class=\"_ _41\"> </span></span>marz<span class=\"_ _1\"></span>o 2026. A tal fine<span class=\"_ _1\"></span>, s<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>segnala che nel mese di ge<span class=\"_ _1\"></span>nnaio 2026 tali line<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span><span class=\"ff8\">committ<span class=\"_ _1\"></span>ed <span class=\"ff2\">sono st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> rinnovat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span></span></span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o di un\u2019<span class=\"_ _6\"></span>operazi<span class=\"_ _1\"></span>one di <span class=\"ff8\">refinancing</span> e ridotte<span class=\"_ _1\"></span> nella misura<span class=\"_ _1\"></span> complessiv<span class=\"_ _1\"></span>a di 90 milioni di e<span class=\"_ _1\"></span>uro.<span class=\"_ _41\"> </span>Nel lungo periodo<span class=\"_ _1\"></span>, il ris<span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>hio di liquidit\u00e0 \u00e8 mitig<span class=\"_ _1\"></span>ato attr<span class=\"_ _1\"></span>ave<span class=\"_ _1\"></span>rso una str<span class=\"_ _1\"></span>ategi<span class=\"_ _1\"></span>a di <span class=\"_ _4\"></span>ge<span class=\"_ _1\"></span>stione dell\u2019indebita<span class=\"_ _1\"></span>mento<span class=\"_ _41\"> </span>che <span class=\"_ _7\"> </span>prev<span class=\"_ _1\"></span>ede <span class=\"_ _7\"> </span>una <span class=\"_ _7\"> </span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>diver<span class=\"_ _1\"></span>sificat<span class=\"_ _1\"></span>a <span class=\"_ _7\"> </span>delle <span class=\"_ _7\"> </span>f<span class=\"_ _1\"></span>onti <span class=\"_ _7\"> </span>di <span class=\"_ _7\"> </span>finanziament<span class=\"_ _1\"></span>o, <span class=\"_ _7\"> </span>in <span class=\"_ _7\"> </span>termi<span class=\"_ _1\"></span>ni <span class=\"_ _7\"> </span>sia <span class=\"_ _7\"> </span>di <span class=\"_ _12\"> </span>natu<span class=\"_ _1\"></span>ra  degli<span class=\"_ _41\"> </span>affidamen<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>sia <span class=\"_ _4\"></span>di contr<span class=\"_ _1\"></span>oparti, <span class=\"_ _4\"></span>cui ricorrer<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dei <span class=\"_ _4\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>abbisogni <span class=\"_ _4\"></span>finanziari ed <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>ofilo<span class=\"_ _41\"> </span>di <span class=\"ff8\">maturity </span>del debit<span class=\"_ _1\"></span>o equilibr<span class=\"_ _1\"></span>ato. Nel <span class=\"_ _d\"> </span>ris<span class=\"_ _4\"></span>pett<span class=\"_ _1\"></span>o <span class=\"_ _25\"> </span>degl<span class=\"_ _1\"></span>i <span class=\"_ _25\"> </span>indirizzi <span class=\"_ _d\"> </span>gener<span class=\"_ _1\"></span>ali <span class=\"_ _25\"> </span>fissati <span class=\"_ _d\"> </span>dal <span class=\"_ _25\"> </span>ver<span class=\"_ _1\"></span>tice <span class=\"_ _25\"> </span>e <span class=\"_ _25\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _25\"> </span>P<span class=\"_ _1\"></span>olicy <span class=\"_ _25\"> </span>appr<span class=\"_ _1\"></span>ova<span class=\"_ _1\"></span>ta <span class=\"_ _d\"> </span>dal <span class=\"_ _25\"> </span>Consiglio <span class=\"_ _d\"> </span>di<span class=\"_ _41\"> </span>Amministr<span class=\"_ _1\"></span>azione, <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>struttu<span class=\"_ _1\"></span>ra <span class=\"_ _a\"></span>Finance <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>Capogruppo<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>definisce <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>struttur<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>finanziaria <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>breve<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>medio-lungo periodo e <span class=\"_ _4\"></span>la ges<span class=\"_ _1\"></span>tione <span class=\"_ _4\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>re<span class=\"_ _1\"></span>lativi flus<span class=\"_ _4\"></span>si finanziari. Le scelte sono <span class=\"_ _4\"></span>princ<span class=\"_ _1\"></span>ipalmente<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>orient<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>a:<span class=\"_ _41\"> </span>i) <span class=\"_ _b\"></span>ga<span class=\"_ _1\"></span>rantir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>risorse <span class=\"_ _b\"></span>finanziarie <span class=\"_ _b\"></span>disponibili <span class=\"_ _b\"></span>adeguat<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>per <span class=\"_ _9\"> </span>gl<span class=\"_ _1\"></span>i <span class=\"_ _b\"> </span>impegni <span class=\"_ _9\"> </span>oper<span class=\"_ _1\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _a\"></span>breve <span class=\"_ _b\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>evis<span class=\"_ _1\"></span>ti,<span class=\"_ _41\"> </span>sist<span class=\"_ _1\"></span>ematicamen<span class=\"_ _1\"></span>te <span class=\"_ _4\"></span>monitora<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>attr<span class=\"_ _1\"></span>aver<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>pianificazi<span class=\"_ _1\"></span>one <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>tesore<span class=\"_ _1\"></span>ria; <span class=\"_ _5\"></span>ii) <span class=\"_ _5\"></span>mantenere <span class=\"_ _4\"></span>un <span class=\"_ _5\"></span><span class=\"ff8\">liquidity<span class=\"_ _41\"> </span></span>buffer<span class=\"ff2\"> <span class=\"_ _5\"></span>prudenziale <span class=\"_ _5\"></span>sufficient<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>far <span class=\"_ _5\"></span>front<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>ad <span class=\"_ _a\"></span>eventua<span class=\"_ _1\"></span>li <span class=\"_ _a\"></span>impegni <span class=\"_ _a\"></span>inatt<span class=\"_ _1\"></span>esi; <span class=\"_ _a\"></span>iii) <span class=\"_ _5\"></span>gar<span class=\"_ _1\"></span>antir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>livello <span class=\"_ _5\"></span>minimo<span class=\"_ _41\"> </span></span>della riserva<span class=\"_ _1\"></span> di liquidit\u00e0 <span class=\"_ _1\"></span>per assicurar<span class=\"_ _1\"></span>e l\u2019int<span class=\"_ _1\"></span>egral<span class=\"_ _1\"></span>e copertur<span class=\"_ _1\"></span>a del debit<span class=\"_ _1\"></span>o di breve<span class=\"_ _1\"></span> termine e la c<span class=\"_ _1\"></span>opertura<span class=\"_ _1\"></span> del<span class=\"_ _41\"> </span>debito <span class=\"_ _6\"></span>a <span class=\"_ _1\"></span>medio <span class=\"_ _1\"></span>\u2013lungo<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>scadente<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>orizz<span class=\"_ _1\"></span>onte<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>tempor<span class=\"_ _1\"></span>ale <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>24 <span class=\"_ _1\"></span>mesi, <span class=\"_ _1\"></span>anch<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>nel <span class=\"_ _1\"></span>caso <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>res<span class=\"_ _1\"></span>trizioni<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>acce<span class=\"_ _1\"></span>so <span class=\"_ _a\"></span>al <span class=\"_ _5\"></span>credit<span class=\"_ _1\"></span>o; <span class=\"_ _5\"></span>iv) <span class=\"_ _5\"></span>assicurar<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>adeguato <span class=\"_ _4\"></span>livello <span class=\"_ _4\"></span>di <span class=\"_ _a\"></span>elas<span class=\"_ _1\"></span>ticit\u00e0 <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>progr<span class=\"_ _1\"></span>ammi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>svil<span class=\"_ _1\"></span>uppo <span class=\"_ _a\"></span>a <span class=\"_ _4\"></span>medio<span class=\"_ _41\"> </span>lungo <span class=\"_ _b\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>del <span class=\"_ _b\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _b\"> </span>relativ<span class=\"_ _1\"></span>i <span class=\"_ _9\"> </span>ai <span class=\"_ _b\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>nve<span class=\"_ _1\"></span>stimento <span class=\"_ _b\"></span>per <span class=\"_ _b\"> </span>la <span class=\"_ _9\"> </span>moder<span class=\"_ _1\"></span>nizzazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>t<span class=\"_ _1\"></span>ecnologica <span class=\"_ _b\"></span>ed<span class=\"_ _41\"> </span>infr<span class=\"_ _1\"></span>astruttur<span class=\"_ _1\"></span>ale degli impia<span class=\"_ _1\"></span>nti di assist<span class=\"_ _1\"></span>enza al<span class=\"_ _1\"></span> volo.  L<span class=\"_ _6\"></span>\u2019<span class=\"_ _6\"></span>esposizione <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>aria <span class=\"_ _4\"></span>lor<span class=\"_ _1\"></span>da <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Grup<span class=\"_ _1\"></span>po, <span class=\"_ _4\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _4\"></span>dat<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>del 3<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>dicembre 202<span class=\"_ _4\"></span>5<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>\u00e8 <span class=\"_ _4\"></span>pari a <span class=\"_ _4\"></span>578,2 <span class=\"_ _4\"></span>milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>ed <span class=\"_ _a\"></span>\u00e8 <span class=\"_ _a\"></span>rap<span class=\"_ _1\"></span>presen<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>dall\u2019indebita<span class=\"_ _1\"></span>mento <span class=\"_ _a\"></span>nei <span class=\"_ _a\"></span>con<span class=\"_ _1\"></span>fron<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>sis<span class=\"_ _1\"></span>tema <span class=\"_ _a\"></span>bancario <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>finanziamen<span class=\"_ _1\"></span>ti <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>medio <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span>lungo termine<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>di cui 379,1 milioni di <span class=\"_ _4\"></span>eur<span class=\"_ _1\"></span>o esigibili entr<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>i dodici mesi <span class=\"_ _4\"></span>e per 11,5 milioni di euro dai debiti<span class=\"_ _41\"> </span>per leasing. Nella t<span class=\"_ _1\"></span>abella seguent<span class=\"_ _1\"></span>e \u00e8 riportata<span class=\"_ _1\"></span> un\u2019<span class=\"_ _6\"></span>analisi delle scade<span class=\"_ _1\"></span>nze<span class=\"_ _1\"></span>, b<span class=\"_ _4\"></span>a<span class=\"_ _1\"></span>sata sugli ob<span class=\"_ _1\"></span>blighi contr<span class=\"_ _1\"></span>attuali di rimbor<span class=\"_ _1\"></span>so,<span class=\"_ _41\"> </span>espost<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>per i <span class=\"_ _1\"></span>finanziamen<span class=\"_ _1\"></span>ti banc<span class=\"_ _1\"></span>ari <span class=\"_ _1\"></span>a medi<span class=\"_ _1\"></span>o lung<span class=\"_ _1\"></span>o t<span class=\"_ _1\"></span>ermine <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>valor<span class=\"_ _1\"></span>e nominal<span class=\"_ _1\"></span>e, senz<span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>consider<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span> gli <span class=\"_ _1\"></span>eff<span class=\"_ _1\"></span>etti<span class=\"_ _41\"> </span>del cos<span class=\"_ _1\"></span>to ammortizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>o: <table class=\"s w437 h756\" id=\"_923a38b9-1cdf-4af3-a848-deeacb0198be\"><tr><td></td><td></td><td class=\"c x3cb y17ad w438 h72c\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Debito<span class=\"_ _41\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x3cc y17ae w439 h72c\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">residuo al<span class=\"_ _41\"> </span></div></td><td></td><td class=\"c x3cd y17b0 w43a h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls0 ws0\">da 1 a 2<span class=\"_ _41\"> </span></div></td><td class=\"c x3ce y17b0 w43b h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls0 ws0\">da 3 a 5<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td class=\"c x270 y17b1 w251 h409\"><div class=\"t m0 x0 h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">Finanzia<span class=\"_ _1\"></span>tore<span class=\"ff1\"> </span></div></td><td class=\"c x3cf y17b1 w252 h409\"><div class=\"t m0 x51 h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">Tipologia<span class=\"ff1\"> </span></div></td><td class=\"c x3d0 y17b2 w43c h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls16 ws0\">31.12.2025<span class=\"_ _41\"> </span></div></td><td class=\"c x297 y17b1 w254 h409\"><div class=\"t m0 x4b h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">&lt;1 anno<span class=\"ff1\"> </span></div></td><td class=\"c x3d1 y17b3 w43d h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls61 ws0\">anni<span class=\"_ _41\"> </span></div></td><td class=\"c x3d2 y17b3 w43d h757\"><div class=\"t m0 x1fd h3ef y17af ff6 fs262 fc0 sc0 ls61 ws0\">anni<span class=\"_ _41\"> </span></div></td><td class=\"c x26f y17b1 w256 h409\"><div class=\"t m0 x2e h3ef y820 ff6 fs262 fc0 sc0 ls0 ws0\">&gt;5 anni<span class=\"ff1\"> </span></div></td></tr><tr><td class=\"c x270 y17b4 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b4 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 15 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b4 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">36.767<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b4 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">8.985<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b4 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">9.121<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b4 w255 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">18.661<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b4 w256 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b5 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b5 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 15 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b5 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">37.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b5 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b5 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.333<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b5 w255 h2f\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">16.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b5 w256 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">10.667<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b6 w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b6 w252 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 16 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b6 w253 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">53.103<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b6 w254 h2c\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.828<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b6 wfa h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">4.828<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b6 w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">14.483<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b6 w256 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">28.964<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b7 w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">BEI - Banca Europea pe<span class=\"_ _1\"></span>r gli Inv<span class=\"_ _6\"></span>.ti<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b7 w252 h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M/L termine<span class=\"_ _1\"></span> a 16 an<span class=\"_ _4\"></span>ni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b7 w253 h2c\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">80.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b7 w254 h2c\"><div class=\"t m0 x52 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b7 wfa h2c\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b7 w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">19.200<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b7 w256 h2c\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">60.800<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b8 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>erm loan pool di banche<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3cf y17b8 w252 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">M termine a 3 anni<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d3 y17b8 w253 h2f\"><div class=\"t m0 x30 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">360.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b8 w254 h2f\"><div class=\"t m0 x7d h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">360.000<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b8 wfa h2f\"><div class=\"t m0 x32 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b8 w255 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b8 w256 h2f\"><div class=\"t m0 x40 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">0<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x270 y17b9 w251 h2f\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Debiti finanziari IFRS<span class=\"_ _1\"></span> 16<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x3d3 y17b9 w253 h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">11.472<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x297 y17b9 w254 h2f\"><div class=\"t m0 x36 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.708<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d4 y17b9 wfa h2f\"><div class=\"t m0 x2e h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">2.553<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d5 y17b9 w255 h2f\"><div class=\"t m0 xa5 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">5.684<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x26f y17b9 w256 h2f\"><div class=\"t m0 xe7 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">527<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x270 y17ba w251 h2c\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x3d3 y17ba w253 h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">578.675<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x297 y17ba w254 h2c\"><div class=\"t m0 x7d h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">381.854<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3d4 y17ba wfa h2c\"><div class=\"t m0 x30 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">21.835<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x3d5 y17ba w255 h2c\"><div class=\"t m0 x90 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">74.028<span class=\"ff1 fs0 ls0\"> </span></div></td><td class=\"c x26f y17ba w256 h2c\"><div class=\"t m0 x5a h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">100.958<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c x3d5 y17bb w257 h31\"><div class=\"t m0 x4a h2 y2c4 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _a\"></span>contr<span class=\"_ _1\"></span>atti <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>sopra <span class=\"_ _5\"></span>prevedo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>gener<span class=\"_ _1\"></span>ali <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>covenan<span class=\"_ _1\"></span>t <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>di<span class=\"_ _41\"> </span>cont<span class=\"_ _1\"></span>enuto <span class=\"_ _1\"></span>anche neg<span class=\"_ _1\"></span>ativo<span class=\"_ _1\"></span>, <span class=\"_ _1\"></span>che, per <span class=\"_ _1\"></span>quant<span class=\"_ _1\"></span>o in <span class=\"_ _1\"></span>linea c<span class=\"_ _1\"></span>on la<span class=\"_ _1\"></span> pra<span class=\"_ _1\"></span>ssi di mer<span class=\"_ _1\"></span>ca<span class=\"_ _1\"></span>to pe<span class=\"_ _1\"></span>r con<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tti di <span class=\"_ _1\"></span>finanziament<span class=\"_ _1\"></span>o<span class=\"_ _41\"> </span>di importo e na<span class=\"_ _1\"></span>tura assimil<span class=\"_ _1\"></span>abili, potrebbe<span class=\"_ _1\"></span>ro limitarne l\u2019<span class=\"_ _2\"></span>operativi<span class=\"_ _1\"></span>t\u00e0. In particolar<span class=\"_ _1\"></span>e, tal<span class=\"_ _1\"></span>i contr<span class=\"_ _1\"></span>atti prev<span class=\"_ _1\"></span>edono<span class=\"_ _41\"> </span>alcune <span class=\"_ _b\"> </span>ipotesi <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>rimborso<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>anticipa<span class=\"_ _1\"></span>to <span class=\"_ _9\"> </span>al <span class=\"_ _b\"></span>verificar<span class=\"_ _1\"></span>si <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>determina<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>even<span class=\"_ _1\"></span>ti <span class=\"_ _9\"> </span>di <span class=\"_ _b\"> </span>inadempiment<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>(<span class=\"_ _4\"></span><span class=\"ff8\">E<span class=\"_ _1\"></span>vents <span class=\"_ _b\"></span>of<span class=\"_ _41\"> </span></span>default<span class=\"ff2\">) <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>ricorr<span class=\"_ _1\"></span>ere <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>quali <span class=\"_ _b\"></span>la <span class=\"_ _9\"> </span>Capogru<span class=\"_ _1\"></span>ppo <span class=\"_ _9\"> </span>p<span class=\"_ _1\"></span>otrebbe <span class=\"_ _b\"></span>essere<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>obblig<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>a <span class=\"_ _a\"></span>rimborsar<span class=\"_ _1\"></span>e <span class=\"_ _9\"> </span>i<span class=\"_ _1\"></span>ntegralmen<span class=\"_ _1\"></span>te <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span></span>immediat<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>e i rela<span class=\"_ _1\"></span>tivi finanziamenti. In particolar<span class=\"_ _1\"></span>e, si evidenzi<span class=\"_ _1\"></span>a quanto segue<span class=\"_ _1\"></span>:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">i  con<span class=\"_ _1\"></span>tratti <span class=\"_ _10\"> </span>di  finanzi<span class=\"_ _1\"></span>ament<span class=\"_ _1\"></span>o  sottoscritti <span class=\"_ _10\"> </span>tra<span class=\"_ _1\"></span>  la  Capog<span class=\"_ _1\"></span>ruppo  e  la <span class=\"_ _10\"> </span>Eur<span class=\"_ _1\"></span>opean  In<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>tment  Bank <span class=\"_ _10\"> </span>(BEI)<span class=\"_ _41\"> </span></span></span>rispettiv<span class=\"_ _1\"></span>amente <span class=\"_ _4\"></span>per <span class=\"_ _4\"></span>un <span class=\"_ _4\"></span>importo <span class=\"_ _4\"></span>pari <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>180 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2014 <span class=\"_ _4\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>70 <span class=\"_ _4\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro <span class=\"_ _4\"></span>nel <span class=\"_ _4\"></span>2016<span class=\"_ _41\"> </span>con <span class=\"_ _1\"></span>il fine<span class=\"_ _1\"></span> di fi<span class=\"_ _1\"></span>nanziare <span class=\"_ _1\"></span>i pr<span class=\"_ _1\"></span>ogrammi <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>nves<span class=\"_ _1\"></span>timento <span class=\"_ _1\"></span>con<span class=\"_ _1\"></span>ness<span class=\"_ _4\"></span>i <span class=\"_ _1\"></span>al <span class=\"_ _1\"></span>4-flight <span class=\"_ _1\"></span>ed al<span class=\"_ _1\"></span>tri pr<span class=\"_ _1\"></span>ogetti, fi<span class=\"_ _1\"></span>nanziamenti<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egralmen<span class=\"_ _1\"></span>te <span class=\"_ _6\"></span>utilizza<span class=\"_ _1\"></span>ti <span class=\"_ _1\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _1\"></span>dicembre<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>2025, <span class=\"_ _6\"></span>prev<span class=\"_ _1\"></span>edono <span class=\"_ _6\"></span>il <span class=\"_ _1\"></span>seguent<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>piano <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>rimbor<span class=\"_ _1\"></span>so: <span class=\"_ _6\"></span>i) <span class=\"_ _1\"></span>per <span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>tranc<span class=\"_ _1\"></span>he<span class=\"_ _41\"> </span>di 100 <span class=\"_ _4\"></span>milioni di <span class=\"_ _4\"></span>eu<span class=\"_ _1\"></span>ro<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>semes<span class=\"_ _1\"></span>trali posticipa<span class=\"_ _1\"></span>te a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da dicembre 2018 e <span class=\"_ _4\"></span>sc<span class=\"_ _1\"></span>adenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>a dicembre<span class=\"_ _41\"> </span>20<span class=\"ls0\">29 e <span class=\"_ _1\"></span>con int<span class=\"_ _1\"></span>eressi <span class=\"_ _1\"></span>a tasso <span class=\"_ _1\"></span>fisso pari a 1<span class=\"_ _1\"></span>,515%; ii) per <span class=\"_ _1\"></span>la tr<span class=\"_ _1\"></span>anche di 80 milioni <span class=\"_ _1\"></span>di eur<span class=\"_ _1\"></span>o, r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e semestr<span class=\"_ _1\"></span>ali<span class=\"_ _41\"> </span></span>posticipa<span class=\"_ _1\"></span>te <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _a\"></span>da <span class=\"_ _a\"></span>giugno <span class=\"_ _4\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>dice<span class=\"_ _1\"></span>mbre <span class=\"_ _5\"></span>2<span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>32 <span class=\"_ _a\"></span>con <span class=\"_ _5\"></span>inter<span class=\"_ _1\"></span>essi <span class=\"_ _5\"></span>a <span class=\"_ _a\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _a\"></span>fisso <span class=\"_ _5\"></span>pari <span class=\"_ _a\"></span>a<span class=\"_ _41\"> </span>1,01%; iii) per <span class=\"_ _4\"></span>la tranche da 70 milioni <span class=\"_ _4\"></span>di euro<span class=\"_ _1\"></span>, rate semes<span class=\"_ _1\"></span>trali posticipa<span class=\"_ _1\"></span>te a <span class=\"_ _4\"></span>partir<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>da agost<span class=\"_ _1\"></span>o 2022 <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>scadenz<span class=\"_ _1\"></span>a ad <span class=\"_ _4\"></span>agos<span class=\"_ _1\"></span>to 2036 <span class=\"_ _4\"></span>e con inter<span class=\"_ _1\"></span>essi <span class=\"_ _4\"></span>a ta<span class=\"_ _1\"></span>sso <span class=\"_ _4\"></span>fisso pari a <span class=\"_ _4\"></span>0<span class=\"_ _1\"></span>,638%. <span class=\"_ _4\"></span>Nel 2023 \u00e8 <span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tat<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>sott<span class=\"_ _1\"></span>oscritto tra<span class=\"_ _41\"> </span>la <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _b\"></span>e <span class=\"_ _9\"> </span>la <span class=\"_ _b\"></span>Eur<span class=\"_ _1\"></span>opean <span class=\"_ _b\"> </span>Inves<span class=\"_ _1\"></span>tment <span class=\"_ _b\"></span>Bank <span class=\"_ _9\"> </span>(<span class=\"_ _1\"></span>BEI) <span class=\"_ _b\"></span>un <span class=\"_ _9\"> </span>nu<span class=\"_ _1\"></span>ovo <span class=\"_ _9\"> </span>c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tto <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>fi<span class=\"_ _1\"></span>nanziament<span class=\"_ _1\"></span>o <span class=\"_ _9\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>un<span class=\"_ _41\"> </span>importo <span class=\"_ _b\"></span>pari <span class=\"_ _9\"> </span>a <span class=\"_ _b\"></span>160 <span class=\"_ _9\"> </span>mil<span class=\"_ _1\"></span>ioni <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>euro <span class=\"_ _b\"></span>con <span class=\"_ _9\"> </span>lo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>scopo<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>finanziare <span class=\"_ _b\"></span>alcuni <span class=\"_ _9\"> </span>pr<span class=\"_ _1\"></span>ogetti <span class=\"_ _b\"></span>di <span class=\"_ _9\"> </span>in<span class=\"_ _1\"></span>ves<span class=\"_ _1\"></span>timento <span class=\"_ _b\"></span>che<span class=\"_ _41\"> </span>att<span class=\"_ _1\"></span>engono <span class=\"_ _b\"></span>all\u2019imple<span class=\"_ _1\"></span>mentazione <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>rollo <span class=\"_ _5\"></span>remoto <span class=\"_ _a\"></span>delle <span class=\"_ _a\"></span>torri <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>gli <span class=\"_ _a\"></span>aer<span class=\"_ _1\"></span>oporti <span class=\"_ _b\"></span>minori <span class=\"_ _a\"></span>e<span class=\"_ _41\"> </span>all\u2019<span class=\"_ _6\"></span>ammodernamen<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>digit<span class=\"_ _1\"></span>alizz<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>di <span class=\"_ _6\"></span>una <span class=\"_ _1\"></span>serie <span class=\"_ _6\"></span>di <span class=\"_ _1\"></span>in<span class=\"_ _1\"></span>fras<span class=\"_ _1\"></span>trutture <span class=\"_ _6\"></span>e <span class=\"_ _1\"></span>sist<span class=\"_ _1\"></span>emi <span class=\"_ _1\"></span>da <span class=\"_ _6\"></span>realizz<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>si <span class=\"_ _1\"></span>nel <span class=\"_ _6\"></span>periodo<span class=\"_ _41\"> </span>2023-2028. Al 31 dicembre 20<span class=\"_ _1\"></span>25<span class=\"_ _4\"></span> il finanziamen<span class=\"_ _1\"></span>to \u00e8 sta<span class=\"_ _1\"></span>to utilizza<span class=\"_ _1\"></span>to parzialment<span class=\"_ _1\"></span>e per <span class=\"_ _4\"></span>un import<span class=\"_ _1\"></span>o pari<span class=\"_ _41\"> </span>a <span class=\"_ _1\"></span>80 mili<span class=\"_ _1\"></span>oni di <span class=\"_ _1\"></span>euro.<span class=\"_ _1\"></span> La <span class=\"_ _1\"></span>tran<span class=\"_ _1\"></span>che utilizz<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a pr<span class=\"_ _1\"></span>evede <span class=\"_ _1\"></span>un <span class=\"_ _1\"></span>piano di<span class=\"_ _1\"></span> rimbor<span class=\"_ _1\"></span>so c<span class=\"_ _1\"></span>on <span class=\"_ _1\"></span>rat<span class=\"_ _1\"></span>e se<span class=\"_ _1\"></span>mestr<span class=\"_ _1\"></span>ali pos<span class=\"_ _1\"></span>ticipat<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>a <span class=\"_ _4\"></span>partire<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>agost<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2028 <span class=\"_ _4\"></span>con scadenz<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>aprile <span class=\"_ _4\"></span>2040 <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>on <span class=\"_ _4\"></span>inte<span class=\"_ _1\"></span>ressi <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>asso <span class=\"_ _4\"></span>fisso <span class=\"_ _4\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>3,542%. <span class=\"_ _4\"></span>P<span class=\"_ _1\"></span>er <span class=\"_ _4\"></span>la<span class=\"_ _41\"> </span>tra<span class=\"_ _1\"></span>nche non utilizz<span class=\"_ _1\"></span>ata<span class=\"_ _1\"></span> la scadenz<span class=\"_ _1\"></span>a del periodo di dispon<span class=\"_ _1\"></span>ibilit\u00e0 \u00e8 ott<span class=\"_ _1\"></span>obre 2026.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ali c<span class=\"_ _1\"></span>ontra<span class=\"_ _1\"></span>tti inoltre pr<span class=\"_ _1\"></span>evedono:<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _b\"></span>clausola <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>nega<span class=\"_ _1\"></span>tive <span class=\"_ _b\"></span>pledge<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>ossia<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>un<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>impe<span class=\"_ _1\"></span>gno <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>carico <span class=\"_ _a\"></span>della <span class=\"_ _b\"></span>Capogruppo <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>costituir<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>n\u00e9<span class=\"_ _41\"> </span></span></span>permetter<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _a\"></span>sussist<span class=\"_ _1\"></span>ano <span class=\"_ _5\"></span>grav<span class=\"_ _1\"></span>ami <span class=\"_ _5\"></span>su <span class=\"_ _a\"></span>alcuno <span class=\"_ _5\"></span>dei <span class=\"_ _a\"></span>prop<span class=\"_ _1\"></span>ri <span class=\"_ _a\"></span>beni, <span class=\"_ _5\"></span>ove <span class=\"_ _5\"></span>per <span class=\"_ _a\"></span>gra<span class=\"_ _1\"></span>vame <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>intende <span class=\"_ _5\"></span>qualsiasi<span class=\"_ _41\"> </span>accor<span class=\"_ _1\"></span>do <span class=\"_ _9\"> </span>o <span class=\"_ _b\"></span>operazi<span class=\"_ _1\"></span>one <span class=\"_ _9\"> </span>rel<span class=\"_ _1\"></span>ativa <span class=\"_ _b\"></span>a <span class=\"_ _9\"> </span>beni,<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>crediti<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>o <span class=\"_ _b\"></span>denaro <span class=\"_ _b\"></span>realizz<span class=\"_ _1\"></span>ato/<span class=\"_ _1\"></span>a <span class=\"_ _9\"> </span>come <span class=\"_ _b\"></span>strume<span class=\"_ _1\"></span>nto <span class=\"_ _9\"> </span>pe<span class=\"_ _1\"></span>r <span class=\"_ _9\"> </span>ottene<span class=\"_ _1\"></span>re<span class=\"_ _41\"> </span>cre<span class=\"_ _1\"></span>dito o per finanziar<span class=\"_ _1\"></span>e l\u2019<span class=\"_ _6\"></span>acquisizione di un <span class=\"_ _1\"></span>bene;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _a\"></span>clausola <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>cro<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>-de<span class=\"_ _1\"></span>fau<span class=\"_ _1\"></span>lt <span class=\"_ _a\"></span>che <span class=\"_ _5\"></span>prevede <span class=\"_ _5\"></span>la <span class=\"_ _a\"></span>f<span class=\"_ _1\"></span>acolt<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _a\"></span>della <span class=\"_ _a\"></span>BEI <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>chiedere <span class=\"_ _5\"></span>il <span class=\"_ _a\"></span>rimborso <span class=\"_ _5\"></span>anticipa<span class=\"_ _1\"></span>to <span class=\"_ _5\"></span>del<span class=\"_ _41\"> </span></span></span>finanziamen<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>nel <span class=\"_ _b\"></span>caso <span class=\"_ _a\"></span>in <span class=\"_ _a\"></span>cui <span class=\"_ _a\"></span>la <span class=\"_ _a\"></span>Capogruppo <span class=\"_ _a\"></span>o <span class=\"_ _b\"></span>qualsi<span class=\"_ _1\"></span>asi <span class=\"_ _b\"></span>altr<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>s<span class=\"_ _4\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>Gruppo <span class=\"_ _a\"></span>non <span class=\"_ _b\"></span>adempia <span class=\"_ _a\"></span>ad<span class=\"_ _41\"> </span>obblig<span class=\"_ _1\"></span>azioni <span class=\"_ _1\"></span>ai <span class=\"_ _1\"></span>sensi di <span class=\"_ _1\"></span>qualsi<span class=\"_ _1\"></span>asi oper<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>finanziamento <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>altr<span class=\"_ _1\"></span>a oper<span class=\"_ _1\"></span>azione <span class=\"_ _1\"></span>finanziaria, <span class=\"_ _1\"></span>diver<span class=\"_ _1\"></span>sa da<span class=\"_ _41\"> </span>quella oggett<span class=\"_ _1\"></span>o di tale c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atto di finanzi<span class=\"_ _1\"></span>amento;<span class=\"_ _41\"> </span>\u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">una <span class=\"_ _4\"></span>clausola <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>change <span class=\"_ _4\"></span>of <span class=\"_ _4\"></span>con<span class=\"_ _1\"></span>trol, <span class=\"_ _4\"></span>che <span class=\"_ _4\"></span>pre<span class=\"_ _1\"></span>vede <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>acolt\u00e0<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>BEI <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>chiedere <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span>rimbor<span class=\"_ _1\"></span>so <span class=\"_ _4\"></span>anticipa<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span></span></span>del finanziament<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>nel caso <span class=\"_ _4\"></span>in cui <span class=\"_ _4\"></span>qualsia<span class=\"_ _1\"></span>si <span class=\"_ _4\"></span>soggett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>o gruppo di <span class=\"_ _4\"></span>soggetti agendo di <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>oncerto <span class=\"_ _4\"></span>ott<span class=\"_ _1\"></span>enga<span class=\"_ _41\"> </span>il con<span class=\"_ _1\"></span>trollo di ENA<span class=\"_ _6\"></span>V o la Repubblic<span class=\"_ _1\"></span>a Itali<span class=\"_ _1\"></span>ana cessi <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> detene<span class=\"_ _1\"></span>re il c<span class=\"_ _1\"></span>ontrollo del<span class=\"_ _1\"></span>l\u2019Emittent<span class=\"_ _1\"></span>e.<span class=\"_ _41\"> </span>I <span class=\"_ _a\"></span>finanziamenti <span class=\"_ _a\"></span>prevedono<span class=\"_ _1\"></span>, <span class=\"_ _a\"></span>altre<span class=\"_ _1\"></span>s\u00ec, <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>rispetto <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>taluni <span class=\"_ _a\"></span>covenan<span class=\"_ _1\"></span>t <span class=\"_ _b\"></span>finanziari, <span class=\"_ _a\"></span>verific<span class=\"_ _1\"></span>ati <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>base <span class=\"_ _a\"></span>annuale <span class=\"_ _b\"></span>e<span class=\"_ _41\"> </span>semestr<span class=\"_ _1\"></span>ale e <span class=\"_ _4\"></span>calc<span class=\"_ _1\"></span>olati <span class=\"_ _4\"></span>sui dati <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>onsolidati del <span class=\"_ _4\"></span>Gruppo: i) <span class=\"_ _4\"></span>il rapporto tra indebita<span class=\"_ _1\"></span>mento <span class=\"_ _4\"></span>finanzi<span class=\"_ _1\"></span>ario <span class=\"_ _4\"></span>nett<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>e<span class=\"_ _41\"> </span>l\u2019EBITDA in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 4 volt<span class=\"_ _1\"></span>e; ii) il r<span class=\"_ _1\"></span>apporto tra EBI<span class=\"_ _1\"></span>TDA e gli oneri finanzi<span class=\"_ _1\"></span>ari non inf<span class=\"_ _1\"></span>erior<span class=\"_ _1\"></span>e a 6 volte<span class=\"_ _1\"></span>. \u2713<span class=\"ff9\"> <span class=\"_ _18\"> </span><span class=\"ff2\">il contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o di finanziament<span class=\"_ _1\"></span>o in pool tra la Capog<span class=\"_ _1\"></span>ruppo e le banche BNL BNP P<span class=\"_ _1\"></span>aribas, Int<span class=\"_ _1\"></span>esa Sanpaolo<span class=\"_ _41\"> </span></span></span>ed <span class=\"_ _4\"></span>UniCr<span class=\"_ _1\"></span>edit, sottoscritto a <span class=\"_ _4\"></span>marz<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>2023<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ed <span class=\"_ _4\"></span>emenda<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>20 s<span class=\"_ _4\"></span>ett<span class=\"_ _1\"></span>embr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>2023 con <span class=\"_ _4\"></span>modifi<span class=\"_ _1\"></span>che <span class=\"_ _4\"></span>non<span class=\"_ _41\"> </span>sost<span class=\"_ _1\"></span>anziali, <span class=\"_ _a\"></span>per <span class=\"_ _a\"></span>un <span class=\"_ _a\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _5\"></span>di <span class=\"_ _a\"></span>360 <span class=\"_ _a\"></span>milioni <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>e<span class=\"_ _4\"></span>ur<span class=\"_ _1\"></span>o, <span class=\"_ _a\"></span>della <span class=\"_ _5\"></span>durat<span class=\"_ _1\"></span>a <span class=\"_ _a\"></span>di <span class=\"_ _a\"></span>tre <span class=\"_ _5\"></span>anni <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>rimborso<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egrale<span class=\"_ _1\"></span> a scadenza<span class=\"_ _1\"></span>, prevede un t<span class=\"_ _1\"></span>asso variabile indici<span class=\"_ _1\"></span>zza<span class=\"_ _1\"></span>to al tasso Euribor 3 <span class=\"_ _1\"></span>mesi e l\u2019intr<span class=\"_ _1\"></span>oduzione di<span class=\"_ _41\"> </span>meccanismi  di  price<span class=\"_ _1\"></span>  adjustmen<span class=\"_ _1\"></span>t  lega<span class=\"_ _1\"></span>ti  a  parametri  in  ma<span class=\"_ _1\"></span>teria  di  sost<span class=\"_ _1\"></span>enibilit\u00e0<span class=\"_ _1\"></span>.  T<span class=\"_ _6\"></span>ale  contr<span class=\"_ _1\"></span>att<span class=\"_ _1\"></span>o  di<span class=\"_ _41\"> </span>finanziamen<span class=\"_ _1\"></span>to  richiede  il  rispett<span class=\"_ _1\"></span>o  del  co<span class=\"_ _1\"></span>venant  finanzi<span class=\"_ _1\"></span>ario  dato  dal  r<span class=\"_ _1\"></span>apporto  tr<span class=\"_ _1\"></span>a  indebita<span class=\"_ _1\"></span>mento<span class=\"_ _41\"> </span>finanziario nett<span class=\"_ _1\"></span>o e l\u2019EBITDA in<span class=\"_ _1\"></span>ferior<span class=\"_ _1\"></span>e a 4 volte<span class=\"_ _1\"></span>, verificat<span class=\"_ _1\"></span>o su base annuale e semes<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>le e calc<span class=\"_ _1\"></span>olato sui<span class=\"_ _41\"> </span>dati consolidati<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>del <span class=\"_ _4\"></span>Gruppo<span class=\"_ _1\"></span>. <span class=\"_ _4\"></span>Nel <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atto <span class=\"_ _4\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>finanziame<span class=\"_ _1\"></span>nto <span class=\"_ _4\"></span>sono inoltre <span class=\"_ _4\"></span>incluse<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>sec<span class=\"_ _1\"></span>ondo <span class=\"_ _4\"></span>le prassi di<span class=\"_ _41\"> </span>merc<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>, clausole di neg<span class=\"_ _1\"></span>ativ<span class=\"_ _1\"></span>e pledge, pari pa<span class=\"_ _1\"></span>ssu, cross-def<span class=\"_ _1\"></span>ault e change<span class=\"_ _1\"></span> of contr<span class=\"_ _1\"></span>ol.<span class=\"_ _41\"> </span>Con <span class=\"_ _4\"></span>rif<span class=\"_ _1\"></span>erimento<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>anche <span class=\"_ _4\"></span>agli <span class=\"_ _4\"></span>eser<span class=\"_ _1\"></span>cizi <span class=\"_ _4\"></span>pregr<span class=\"_ _1\"></span>essi, <span class=\"_ _4\"></span>la <span class=\"_ _4\"></span>Capogruppo <span class=\"_ _4\"></span>ha <span class=\"_ _4\"></span>sempr<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>rispetta<span class=\"_ _1\"></span>to <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>cove<span class=\"_ _1\"></span>nant <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evisti <span class=\"_ _4\"></span>da<span class=\"_ _41\"> </span>ciascun <span class=\"_ _1\"></span>finanziament<span class=\"_ _1\"></span>o. All<span class=\"_ _1\"></span>a dat<span class=\"_ _1\"></span>a del <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _1\"></span>2025 <span class=\"_ _1\"></span>sulla base <span class=\"_ _1\"></span>delle<span class=\"_ _1\"></span> gra<span class=\"_ _1\"></span>ndezze <span class=\"_ _1\"></span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _1\"></span>patrimoniali<span class=\"_ _41\"> </span>espre<span class=\"_ _1\"></span>ss<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>nel bilancio consol<span class=\"_ _1\"></span>idato<span class=\"_ _1\"></span>, <span class=\"_ _4\"></span>si ritengon<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>rispe<span class=\"_ _1\"></span>ttati i <span class=\"_ _4\"></span><span class=\"ff8\">covenant<span class=\"_ _1\"></span><span class=\"ff2\"> <span class=\"_ _4\"></span>pr<span class=\"_ _1\"></span>evisti dai <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>ontr<span class=\"_ _1\"></span>atti di <span class=\"_ _4\"></span>fi<span class=\"_ _1\"></span>nanziamento<span class=\"_ _41\"> </span></span></span>esis<span class=\"_ _1\"></span>tenti. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "40.<span class=\"ffc sc0\"> <span class=\"_ _3c\"> </span></span>Compensi  alla <span class=\"_ _10\"> </span>Societ\u00e0 <span class=\"_ _9\"> </span>di  revision<span class=\"_ _1\"></span>e  ai <span class=\"_ _10\"> </span>sensi  dell\u2019<span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>rt.  149 <span class=\"_ _10\"> </span>duodecies <span class=\"_ _10\"> </span>del <span class=\"_ _10\"> </span>regola<span class=\"_ _1\"></span>mento <span class=\"_ _10\"> </span>Emitten<span class=\"_ _1\"></span>ti<span class=\"_ _41\"> </span>CONSOB Nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025 <span class=\"_ _4\"></span>sono pr<span class=\"_ _1\"></span>esenti <span class=\"_ _4\"></span>i corrispettivi<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>ric<span class=\"_ _1\"></span>onosciuti alla societ\u00e0 di revision<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>uscent<span class=\"_ _1\"></span>e EY <span class=\"_ _4\"></span>S<span class=\"_ _1\"></span>.p.<span class=\"_ _4\"></span>A. che<span class=\"_ _41\"> </span>ha <span class=\"_ _4\"></span>t<span class=\"_ _1\"></span>erminato il <span class=\"_ _4\"></span>novennio <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>n <span class=\"_ _4\"></span>l\u2019<span class=\"_ _6\"></span>appr<span class=\"_ _1\"></span>ovazione della <span class=\"_ _4\"></span>Re<span class=\"_ _1\"></span>lazione <span class=\"_ _4\"></span>Annuale <span class=\"_ _4\"></span>In<span class=\"_ _1\"></span>tegr<span class=\"_ _1\"></span>ata <span class=\"_ _4\"></span>2024, <span class=\"_ _4\"></span>e <span class=\"_ _4\"></span>i <span class=\"_ _4\"></span>c<span class=\"_ _1\"></span>orrispettivi <span class=\"_ _4\"></span>per<span class=\"_ _41\"> </span>la societ\u00e0 di r<span class=\"_ _1\"></span>evisione PwC S.p.A. che ha inizia<span class=\"_ _1\"></span>to le attivit<span class=\"_ _1\"></span>\u00e0 con <span class=\"_ _4\"></span>la<span class=\"_ _1\"></span> s<span class=\"_ _4\"></span>e<span class=\"_ _1\"></span>mestr<span class=\"_ _1\"></span>ale 2025 per <span class=\"_ _4\"></span>la Capogr<span class=\"_ _1\"></span>uppo e <span class=\"_ _4\"></span>le<span class=\"_ _41\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>Gruppo. <span class=\"_ _a\"></span>I <span class=\"_ _a\"></span>corris<span class=\"_ _1\"></span>pettivi, <span class=\"_ _a\"></span>ai <span class=\"_ _a\"></span>sensi <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span>quanto<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>indica<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dall\u2019<span class=\"_ _6\"></span>art. <span class=\"_ _a\"></span>149 <span class=\"_ _a\"></span>duodeci<span class=\"_ _1\"></span>es <span class=\"_ _b\"></span>del <span class=\"_ _a\"></span>Reg<span class=\"_ _1\"></span>olamento<span class=\"_ _41\"> </span>Emitten<span class=\"_ _1\"></span>ti CONSOB sono rie<span class=\"_ _1\"></span>piloga<span class=\"_ _1\"></span>ti nella seguent<span class=\"_ _1\"></span>e tabella<span class=\"lsd\">: </span> <table class=\"s w43e h758\" id=\"_2074ba73-12cf-4182-8eec-15b0b1004838\"><tr><td></td><td class=\"c x3d6 y17bc w43f h759\"><div class=\"t m0 x1fd h2e y146a ff6 fs6 fc0 sc0 ls0 ws0\">Soggetto<span class=\"_ _1\"></span> che ha erogat<span class=\"_ _1\"></span>o il<span class=\"_ _41\"> </span></div></td><td></td></tr><tr><td class=\"c x300 y17bd w25c h49\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">Tipologia di servizi ENA<span class=\"_ _1\"></span>V<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d7 y17be w440 h701\"><div class=\"t m0 x1fd h2 y1430 ff6 fs6 fc0 sc0 ls0 ws0\">servizio<span class=\"_ _41\"> </span></div></td><td class=\"c x22a y17bd w25d h49\"><div class=\"t m0 x23 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">2025<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y17bf w25c h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi di re<span class=\"_ _1\"></span>vi<span class=\"_ _4\"></span>sione<span class=\"_ _1\"></span> contabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d8 y17bf w25d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">EY S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17bf w25d h2c\"><div class=\"t m0 x1c1 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">407<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y17c0 w25c h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Servizi di re<span class=\"_ _1\"></span>vi<span class=\"_ _4\"></span>sione<span class=\"_ _1\"></span> contabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d8 y17c0 w25d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">PWC S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17c0 w25d h2c\"><div class=\"t m0 xd0 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">87<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y17c1 w25c h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">Servizi di att<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>s<span class=\"_ _1\"></span>tazione<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d8 y17c1 w25d h2c\"><div class=\"t m0 x0 h2 y2d3 ffb fs6 fc0 sc0 ls0 ws0\">EY S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17c1 w25d h2c\"><div class=\"t m0 xd0 h2 y2d3 ffb fs6 fc0 sc0 ls16 ws0\">59<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y17c2 w25c h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">SOCIET<span class=\"_ _6\"></span>A' CONTROLLA<span class=\"_ _6\"></span>TE<span class=\"ff1 fs0\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x300 y17c3 w25c h420\"><div class=\"t m0 x0 h2 y1000 ffb fs6 fc0 sc0 ls0 ws0\">Servizi di re<span class=\"_ _1\"></span>vi<span class=\"_ _4\"></span>sione<span class=\"_ _1\"></span> contabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d8 y17c4 w25d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">EY S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17c4 w25d h2c\"><div class=\"t m0 xd0 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">29<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td class=\"c x3d8 y17c3 w25d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">Re<span class=\"_ _1\"></span>te EY S.p.A.<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17c3 w25d h2c\"><div class=\"t m0 x140 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">6<span class=\"ff1 fs0\"> </span></div></td></tr><tr><td class=\"c x300 y17c5 w25c h2c\"><div class=\"t m0 x0 h2 y328 ffb fs6 fc0 sc0 ls0 ws0\">Servizi di re<span class=\"_ _1\"></span>vi<span class=\"_ _4\"></span>sione<span class=\"_ _1\"></span> contabile<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x3d8 y17c5 w25d h2c\"><div class=\"t m0 x0 h2 y2b9 ffb fs6 fc0 sc0 ls0 ws0\">PWC S.p.A.<span class=\"ff1 fs0\"> </span></div></td><td class=\"c x22a y17c5 w25d h2c\"><div class=\"t m0 x1c1 h2 y2b9 ffb fs6 fc0 sc0 ls16 ws0\">118<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td class=\"c x300 y17c6 w25c h2f\"><div class=\"t m0 x0 h2 y2b9 ff6 fs6 fc0 sc0 ls0 ws0\">T<span class=\"_ _6\"></span>otale<span class=\"ff1 fs0\"> </span></div></td><td></td><td class=\"c x22a y17c6 w25d h2f\"><div class=\"t m0 x1c1 h2 y2b9 ff6 fs6 fc0 sc0 ls16 ws0\">706<span class=\"ff1 fs0 ls0\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c x3d8 y17c7 w25e h2f\"><div class=\"t m0 xfb h2 y2d0 ff11 fs5 fc0 sc0 ls0 ws0\">(migliaia di euro)<span class=\"_ _4\"></span><span class=\"ff1 fs0\"> </span></div></td></tr></table>I <span class=\"_ _4\"></span>servizi di <span class=\"_ _4\"></span>attes<span class=\"_ _1\"></span>tazione resi <span class=\"_ _4\"></span>da <span class=\"_ _4\"></span>EY S<span class=\"_ _4\"></span>.<span class=\"_ _1\"></span>p.<span class=\"_ _4\"></span>A. in <span class=\"_ _4\"></span>fa<span class=\"_ _1\"></span>vore<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>della <span class=\"_ _4\"></span>Capogruppo hanno <span class=\"_ _4\"></span>riguar<span class=\"_ _1\"></span>dato la <span class=\"_ _4\"></span>certificazi<span class=\"_ _1\"></span>one <span class=\"_ _4\"></span>di<span class=\"_ _41\"> </span>prog<span class=\"_ _1\"></span>etti co-fina<span class=\"_ _1\"></span>nziati. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "41.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>F<span class=\"_ _1\"></span>atti interv<span class=\"_ _1\"></span>enuti dopo la dat<span class=\"_ _1\"></span>a di rif<span class=\"_ _1\"></span>erimento d<span class=\"_ _1\"></span>e<span class=\"_ _4\"></span>l Bi<span class=\"_ _1\"></span>lancio<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ra gli <span class=\"_ _4\"></span>even<span class=\"_ _1\"></span>ti <span class=\"_ _4\"></span>successiv<span class=\"_ _1\"></span>i <span class=\"_ _4\"></span>alla <span class=\"_ _4\"></span>chiusu<span class=\"_ _1\"></span>ra <span class=\"_ _4\"></span>dell<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>eser<span class=\"_ _1\"></span>cizio <span class=\"_ _4\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _4\"></span>segnala che <span class=\"_ _4\"></span>il <span class=\"_ _4\"></span><span class=\"ff8\">management </span>aziendale ha <span class=\"_ _4\"></span>finalizz<span class=\"_ _1\"></span>ato<span class=\"_ _1\"></span>,<span class=\"_ _41\"> </span>a <span class=\"_ _a\"></span>gennaio <span class=\"_ _b\"></span>2026, <span class=\"_ _a\"></span>un\u2019<span class=\"_ _6\"></span>operazione <span class=\"_ _a\"></span>di <span class=\"_ _b\"></span><span class=\"ff8\">refinancing <span class=\"_ _a\"></span></span>di <span class=\"_ _b\"></span>quot<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>parte <span class=\"_ _a\"></span>del <span class=\"_ _b\"></span>debito <span class=\"_ _b\"></span>in <span class=\"_ _a\"></span>scadenz<span class=\"_ _1\"></span>a <span class=\"_ _b\"></span>a <span class=\"_ _a\"></span>marzo <span class=\"_ _a\"></span>2026. <span class=\"_ _b\"></span>In<span class=\"_ _41\"> </span>particolar<span class=\"_ _1\"></span>e, la <span class=\"_ _1\"></span>soluzione <span class=\"_ _1\"></span>finanziaria <span class=\"_ _1\"></span>individuat<span class=\"_ _1\"></span>a da <span class=\"_ _1\"></span>ENA<span class=\"_ _1\"></span>V <span class=\"_ _1\"></span>ha riguar<span class=\"_ _1\"></span>dato <span class=\"_ _1\"></span>la sott<span class=\"_ _1\"></span>oscrizione <span class=\"_ _1\"></span>di (<span class=\"_ _1\"></span>i) un <span class=\"ff8\">T<span class=\"_ _2\"></span>erm Loan<span class=\"_ _41\"> </span></span>di 150 milioni <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, del<span class=\"_ _1\"></span>la du<span class=\"_ _4\"></span>r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>di 5 anni e di (ii) un <span class=\"_ _4\"></span><span class=\"ff8\">T<span class=\"_ _6\"></span>erm<span class=\"ff2\"> </span>Loan<span class=\"ff2\"> di 100 m<span class=\"_ _4\"></span>il<span class=\"_ _1\"></span>ioni <span class=\"_ _4\"></span>di eur<span class=\"_ _1\"></span>o, della dura<span class=\"_ _1\"></span>ta di 3<span class=\"_ _41\"> </span></span></span>anni <span class=\"_ _12\"> </span>con <span class=\"_ _7\"> </span>un <span class=\"_ _12\"> </span><span class=\"ff8\">pool</span> <span class=\"_ _12\"> </span>di <span class=\"_ _12\"> </span>banche <span class=\"_ _7\"> </span>(Int<span class=\"_ _1\"></span>esa <span class=\"_ _12\"> </span>Sanpaolo, <span class=\"_ _7\"> </span>UniCredit<span class=\"_ _1\"></span> <span class=\"_ _12\"> </span>e <span class=\"_ _12\"> </span>Mediobanca), <span class=\"_ _7\"> </span>entr<span class=\"_ _1\"></span>ambi <span class=\"_ _12\"> </span>d<span class=\"_ _4\"></span>a <span class=\"_ _7\"> </span>rimborsar<span class=\"_ _1\"></span>e<span class=\"_ _41\"> </span>int<span class=\"_ _1\"></span>egralmen<span class=\"_ _1\"></span>te <span class=\"_ _9\"> </span>a  sca<span class=\"_ _1\"></span>denza. <span class=\"_ _9\"> </span>Coeren<span class=\"_ _1\"></span>tement<span class=\"_ _1\"></span>e <span class=\"_ _10\"> </span>con <span class=\"_ _9\"> </span>la  s<span class=\"_ _1\"></span>tra<span class=\"_ _1\"></span>tegia <span class=\"_ _9\"> </span>finanziaria <span class=\"_ _10\"> </span>del <span class=\"_ _9\"> </span>G<span class=\"_ _4\"></span>ru<span class=\"_ _1\"></span>ppo, <span class=\"_ _10\"> </span>gli <span class=\"_ _9\"> </span>introiti <span class=\"_ _9\"> </span>di <span class=\"_ _10\"> </span>ta<span class=\"_ _1\"></span>le<span class=\"_ _41\"> </span>opera<span class=\"_ _1\"></span>zione di <span class=\"ff8\">refinancing </span>sono st<span class=\"_ _1\"></span>ati destina<span class=\"_ _1\"></span>ti a coprir<span class=\"_ _1\"></span>e quota parte dell<span class=\"_ _1\"></span>\u2019integr<span class=\"_ _1\"></span>ale rimborso del<span class=\"_ _1\"></span> <span class=\"_ _4\"></span><span class=\"ff8\">T<span class=\"_ _6\"></span>erm Loan<span class=\"_ _41\"> </span></span>di 360 milioni di eur<span class=\"_ _1\"></span>o sott<span class=\"_ _1\"></span>oscritto a marz<span class=\"_ _1\"></span>o 2023.<span class=\"_ _41\"> </span>T<span class=\"_ _6\"></span>ale soluzione <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span><span class=\"ff8\">fundin<span class=\"_ _1\"></span>g, <span class=\"_ _4\"></span><span class=\"ff2\">nel conf<span class=\"_ _1\"></span>ermare ulteriorment<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>il riconosciuto ed <span class=\"_ _4\"></span>appr<span class=\"_ _1\"></span>ezz<span class=\"_ _1\"></span>ato <span class=\"_ _4\"></span><span class=\"ff8\">st<span class=\"_ _1\"></span>anding <span class=\"_ _4\"></span><span class=\"ff2\">cre<span class=\"_ _1\"></span>ditizio<span class=\"_ _41\"> </span></span></span></span></span>del <span class=\"_ _4\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _4\"></span>ENA<span class=\"_ _1\"></span>V<span class=\"_ _6\"></span>, consent<span class=\"_ _1\"></span>e <span class=\"_ _4\"></span>di <span class=\"_ _4\"></span>co<span class=\"_ _1\"></span>nsolidarne <span class=\"_ _4\"></span>la struttur<span class=\"_ _1\"></span>a <span class=\"_ _4\"></span>finanzia<span class=\"_ _1\"></span>ria <span class=\"_ _4\"></span>nel medio <span class=\"_ _4\"></span>lungo periodo. <span class=\"_ _4\"></span>Nell\u2019<span class=\"_ _6\"></span>ambi<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>della <span class=\"_ _9\"> </span>s<span class=\"_ _1\"></span>tessa <span class=\"_ _9\"> </span>opera<span class=\"_ _1\"></span>zione <span class=\"_ _9\"> </span>sono <span class=\"_ _9\"> </span>st<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _9\"> </span>inoltre <span class=\"_ _9\"> </span>rinnov<span class=\"_ _1\"></span>ate<span class=\"_ _1\"></span>, <span class=\"_ _9\"> </span>con <span class=\"_ _9\"> </span>gli <span class=\"_ _9\"> </span>st<span class=\"_ _1\"></span>essi <span class=\"_ _9\"> </span>istituti <span class=\"_ _9\"> </span>banc<span class=\"_ _1\"></span>ari, <span class=\"_ _9\"> </span>le <span class=\"_ _9\"> </span>linee <span class=\"_ _9\"> </span>di <span class=\"_ _b\"></span>credito<span class=\"_ _41\"> </span>committed<span class=\"_ _1\"></span> <span class=\"_ _5\"></span><span class=\"ff2\">per <span class=\"_ _5\"></span>comples<span class=\"_ _1\"></span>sivi <span class=\"_ _4\"></span>90 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>euro<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>cui <span class=\"_ _5\"></span>60 <span class=\"_ _4\"></span>milioni <span class=\"_ _5\"></span>di <span class=\"_ _4\"></span>euro <span class=\"_ _4\"></span>a <span class=\"_ _4\"></span>5 <span class=\"_ _5\"></span>anni <span class=\"_ _5\"></span>e <span class=\"_ _4\"></span>30 <span class=\"_ _5\"></span>milioni <span class=\"_ _4\"></span>di <span class=\"_ _5\"></span>eur<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>3<span class=\"_ _41\"> </span></span>anni.<span class=\"_ _41\"> </span>Con riferi<span class=\"_ _1\"></span>mento al confl<span class=\"_ _1\"></span>itto in Medio <span class=\"_ _4\"></span>O<span class=\"_ _1\"></span>riente, inizia<span class=\"_ _1\"></span>to a fine <span class=\"_ _4\"></span>f<span class=\"_ _1\"></span>ebbr<span class=\"_ _1\"></span>aio 2026, si rimanda a <span class=\"_ _4\"></span>quan<span class=\"_ _1\"></span>to riporta<span class=\"_ _1\"></span>to<span class=\"_ _41\"> </span>nell\u2019<span class=\"_ _6\"></span>ambit<span class=\"_ _1\"></span>o della R<span class=\"_ _1\"></span>elazione sulla ges<span class=\"_ _1\"></span>tione al paragr<span class=\"_ _1\"></span>af<span class=\"_ _1\"></span>o \u201cE<span class=\"_ _1\"></span>voluzione pr<span class=\"_ _1\"></span>evedibile dell<span class=\"_ _1\"></span>a gestione<span class=\"_ _1\"></span>\u201d<span class=\"_ _6\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "42.<span class=\"ffc sc0\"> <span class=\"_ _3d\"> </span></span>Ev<span class=\"_ _1\"></span>enti ed oper<span class=\"_ _1\"></span>azioni significa<span class=\"_ _1\"></span>tive non ricor<span class=\"_ _1\"></span>renti<span class=\"ff3\"> </span>In <span class=\"_ _a\"></span>conf<span class=\"_ _1\"></span>ormit\u00e0 <span class=\"_ _a\"></span>a <span class=\"_ _a\"></span>quanto <span class=\"_ _a\"></span>richies<span class=\"_ _1\"></span>to <span class=\"_ _a\"></span>dalla <span class=\"_ _a\"></span>Comunicazione <span class=\"_ _a\"></span>Consob <span class=\"_ _a\"></span>DEM/6064293 <span class=\"_ _a\"></span>del <span class=\"_ _a\"></span>28 <span class=\"_ _b\"></span>luglio <span class=\"_ _a\"></span>2006 <span class=\"_ _a\"></span>e <span class=\"_ _a\"></span>agli orient<span class=\"_ _1\"></span>amenti ESMA/2015/1415, si <span class=\"_ _4\"></span>comu<span class=\"_ _1\"></span>nica <span class=\"_ _4\"></span>che non <span class=\"_ _4\"></span>vi sono <span class=\"_ _4\"></span>sta<span class=\"_ _1\"></span>te operazioni signific<span class=\"_ _1\"></span>ative <span class=\"_ _4\"></span>non ricorren<span class=\"_ _1\"></span>ti nell\u2019<span class=\"_ _6\"></span>eser<span class=\"_ _1\"></span>cizio 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory",
    "language": "it",
    "entity": "scheme:81560048ECF8D2059980",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}